All Sporting Goods Intelligence articles in Volume 31, Issue 29+30 – Page 7
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News briefs
Nike joins consortium pushing for a net-zero economy
Nike has joined eight other corporations outside the sporting goods industry and a U.S. non-profit organization, the Environmental Defense Fund (EDF), in forming a consortium to urge the world toward a net-zero economy by 2050 and help keep the earth’s overall warming to 1.5 degrees Celsius. BSR, a sustainability non-profit ...
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News briefs
Kanye West delivers ultimatum to Adidas and Gap
The American rapper and businessman Kanye West apparently intends to “walk away” from his deals with Adidas and Gap unless he is appointed to their respective boards. He said so in North Charleston, South Carolina, at a rally for his U.S. presidential campaign, which began with a tweet on America’s ...
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News briefs
Adidas France has a new managing director
Mathieu Sidokpohou has taken over from Guillaume de Monplanet as the new managing director of Adidas France, the French subsidiary of the sporting goods giant. De Monplanet, who joined the Adidas group in 2005 as commercial director for Reebok, has left the company. He became country manager in 2018. Sidokpohou’s ...
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News briefs
The Taipei Cycle Show announces 2021 dates
The 2020 edition of the Taipei Cycle Show was originally moved from March to May, and then it was cancelled due to the ongoing coronavirus health crisis. TAITRA, which organizes the event, has now announced that the next edition of the show will take place at Taipei Nangang Exhibition Center ...
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News briefs
Sporting goods sales fell by 19% in the first half in France
According to the Observatoire de l’Union Sport & Cycle, sporting goods sales at multi-sport retailers in France suffered a year-on-year decline of 18.7 percent in the first half of 2020, with the worst drop (22%) occurring in footwear and apparel. March and April were the darkest months, with sales down ...
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News briefs
Wanda Sports completes the sale of The Ironman Group
The Wanda Sports Group has announced that the company has completed the sale of The Ironman Group to Advance, a family-owned business that owns and invests in companies across media, entertainment, technology, communications, education and other sectors. The transaction was first announced in March. Advance’s portfolio includes Condé Nast, Advance ...
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News briefs
A global “Summer Festival of Athlete Experiences” online
The International Olympic Committee (IOC), the International Paralympic Committee (IPC) and Airbnb, which is an Olympic Games partner, have launched “a summer festival of Olympian & Paralympian online experiences.” The initiative is meant to somehow make up for the postponement of the Olympic and Paralympic Tokyo 2020 Games, which will ...
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News briefs
Nike Training Club app to remain free
Nike will be keeping its Nike Training Club (NTC) app free of charge, and the brand has initiated a digital marketing campaign to spread the news. The company eliminated NTC’s premium fee temporarily in April, during the Covid-19 quarantines. NTC was designed as a subscription service delivering workouts, training programs ...
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News briefs
New Balance rolls out new concept store in Tokyo
New Balance has introduced the T-House, a new concept store in Tokyo that is inspired from traditional Japanese tea houses. The two-story space, designed by Tsunemu Nagasaka, features a medley of wooden fixtures, made with repurposed frames that were taken from a 122-year-old warehouse in Saitama. The shop is on ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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News briefs
Megmeister launches a cooling range for cyclists
Megmeister has announced the release of a new UltraFris Pro range, which is “set to revolutionize warm weather cycle performance,” the company claims. The products in this new range feature an innovative in-built cooling system that uses an athlete’s own sweat to cool them down, turning heat into “a performance ...
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News briefs
On partners with consumer electronics company on running kit
On Running and the Danish consumer electronics company Bang & Olufsen have jointly released a running kit, combining the Swiss sporting goods company’s Cloudboom shoe with a limited edition of Bang & Olufsen’s first wireless earphones, the Beoplay E8 Sport On Edition. The Beoplay earphones are made of rubber, textured ...
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ArticleRapala faces loss due to Covid-19
The Finnish manufacturer of fishing lures had a difficult start in 2020. Its adjusted operating margin for the first half of the year was off by 4.9 percentage points to 3.6 percent, and Rapala VMC ended up with a net loss of €3.8 million, compared with net income of €7.4 ...
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News briefs
Oakley designs a mouth shield for the NFL
In collaboration with doctors and engineers from the National Football League (NFL) and the NFL Players Association, Oakley has come up with a mouth shield for the NFL’s 32 teams to use on the field to curb the spread of Covid-19. The shield will begin undergoing field tests in the ...
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News briefs
European court restricts data transfer across the Atlantic
The European Court of Justice ruled that the so-called EU-US Privacy Shield, which was enforced in 2016 to regulate the transfer data across the Atlantic Ocean by Facebook and other companies, has failed to protect European rules on privacy and data protection. The ruling is expected to put further pressure ...
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News briefs
Nike will stop sponsoring the AS Roma team
AS Roma announced that it had agreed with Nike on an early termination of their sponsorship agreement after the end of the 2019/20 season. Reports indicate that Under Armour may be in line to take Nike’s place, paying higher fees. “The early termination of the commercial agreement will allow AS ...
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ArticleZalando improves its guidance
Zalando expects the gross merchandise volume (GMV) to rise by 20-25 percent and revenues by 15-20 percent for the full financial year, with the adjusted Ebit reaching €250-300 million, as the German online fashion retailer benefited from the impact of the Covid-19 pandemic. The previous guidance, published on May 6 ...
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News briefs
Decathlon Italy partners with Carrefour
Decathlon is further expanding its collaborations with grocery store chains across Europe as part of its plan to make its products available to shoppers in their everyday life. After partnering with Carrefour in Belgium earlier this year, Decathlon is now teaming up with Carrefour in Italy. Some roducts of the ...
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ArticleAnta issues warning on first-half profits
Anta Sports Products said it expects to report a drop of about 25 percent in its earnings for the first half of this year, largely as a result of restrictions implemented during the Covid-19 crisis. They are even expected to be down by 35 percent from the year-ago period when ...
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ArticleXXL bounces back
It seems that there is light at the end of the tunnel for XXL ASA, after many quarters stuck in a downward spiral. To turn the business around, the leading Nordic sports retailer has been taking drastic steps such as cutting costs, clearing inventory and searching for new “sustainable” sources ...
