All Sporting Goods Intelligence articles in Volume 31, Issue 31+32
View all stories from this issue.
-
Short stops
MARKETING
+++ Craft will outfit the referees of the first and second divisions of the German volleyball Bundesliga ( VBL ) for at least one season, starting on Sept. 12 +++ Nike is honoring the late Kobe Bryant and his desire for improvement in a new short ...
-
Short stops
PRODUCT
+++ Adidas Originals is launching its first collection of vegan sneakers, called Clean Classics , based on iconic styles like the Stan Smith , the Continental 80 , the Superstar and others +++ Kenzo is introducing a Kenzo Sport line of functional clothing, sneakers and accessories ...
-
Short stops
CORPORATE
+++ Louis Garneau Sports says it has finalized a debt-restructuring proposal for the 503 creditors of its Canadian companies, including Sugoi and Sombrio , after four renewals of its bankruptcy protection status in the last six months +++ The Authentic Brands Group , which owns a big roster ...
-
Short stops
MARKET STATISTICS
+++ Women and Girls’ Golf Week , the online campaign organised by England Golf , which ran from Aug. 17 to the final round of the AIG Women’s Open at Royal Troon, reached more than 9.7 million impressions on social media +++ According to data from Golf Datatech , ...
-
Article
Galeria’s creditors agree to a big settlement
On Sept. 1, the creditors of Galeria Karstadt Kaufhof (Galeria or GKK), by far the biggest department store chain operation in Germany, voted by a large majority in favor of a settlement that would reportedly write off about 95 percent of the amounts they are owed. Meetings with the creditors ...
-
PDF NewsletterSGI Europe Executive Edition: Vol 31 - 31+32
The sports apparel market’s growth slows down | The athletic shoe market is up (by) 6.7% | £1 billion valuation for Gymshark | Frasers is set to buy some DW Sports assets | Galeria’s creditors agree to a big settlement | Norwegian sports retail merger is challenged | Strong growth in Norway | New management for Kesko’s resilient sports unit | Intersport and Stadium close stores in Sweden | Opinion: The short- vs long-term perspective of retail recovery | Two prominent Adidas executives quit | Globe suffers from strong U.S. dollar | Anta switches to DTC | New strategies make Li Ning resilient | 361° focuses on branding, e-commerce | Acquisitions boost Xtep’s turnover | Yue Yuen posts a $136m loss | Steep sales drops at two Chinese shoemakers | Lanxess divests one of its units | A lot of action around Polygiene | Ecco and other donate bicycles | Josef “Pepi” Fischer is dead
-
Article
Strong growth in Norway
Norway’s major sports retail chains recorded a particularly strong increase of 17.7 percent in the second quarter of 2020 as compared to the year-ago period, despite the Covid-19 pandemic, according to the country’s well-informed sporting goods industry association, Sportsbransjen. Their online sales went up at higher rates. Norway is already ...
-
Article
New management for Kesko’s resilient sports unit
Sami Kiiski, a 44-year-old manager who left as chief executive of Halti at the end of July after turning the company around, has taken the leadership of Kesko’s Leisure Trade division, which includes Intersport Finland, the major player in the Finnish sporting goods market. One of his tasks will be ...
-
News briefs
361° sees its credit rating downgraded
Standard & Poor’s has downgraded the credit rating of 361 Degrees International, predicting that its position in the Chinese market will weaken due to an accelerated consolidation of the industry, leading its sales to decline by 5 to 10 percent in 2020 and by up to 5 percent in 2021. ...
-
News briefs
Puma to release a Porsche collection
Puma has teamed up with a storied German automotive brand for the Puma x Porsche Design footwear and apparel collection, intended to mix luxury with performance. The three shoe models – Xetic M, Xetic L and Xetic M Shift – have a new type of sole, called Xetic, that is ...
-
News briefs
Peloton sets up a health advisory council
Peloton has established a Health and Wellness Advisory Council to find ways to foster the “physical, mental and emotional wellbeing” of its subscribers worldwide. The council’s five members are doctors, researchers and other specialists in cardiovascular medicine, cardiopulmonary exercise, neurology and neuroscience. According to the company’s president, William Lynch, Peloton’s ...
-
News briefs
Nike launches sports collection for expecting moms
On Sept. 17, Nike will launch its first sports collection for expectant mothers through its own web store in the U.S., Europe and Africa. Designed to support and motivate women in all phases of pregnancy and beyond to continue doing sports, the four-piece collection will be marketed under the label ...
-
News briefs
Adidas places two low-yield €500 million bonds
Adidas placed two low-yield bonds worth a total of €1 billion, describing the transaction as its first one as an investment-grade-rate issuer, demonstrating the company’s strong credit profile. The bond offer was more than seven times oversubscribed. The proceeds will be used for general purposes including the repayment of existing ...
-
ArticleSteep sales declines at two Chinese shoemakers
Stella International posted a net loss of $9.3 million for the first half of this year, against net income of $39.2 million in the year-ago period, on revenues that dropped by 32 percent to $511.5 million. The gross margin fell by 1.4 percentage points to 16.6 percent, due to cancelled ...
-
Short stops
CSR & SUSTAINABILITY
+++ Icebreaker, which is celebrating its 25th anniversary this year, has vowed to become 100% plastic-free by 2023/24 +++
-
News briefs
JD Sports signs one-year deal with Leeds
JD Sports will be the official sleeve sponsor of Leeds United, the English football club in Leeds, Yorkshire, for the 2020/21 Premier League season. The club will play in the first tier of English football following its promotion in the 2019/20 season. JD Sports’ logo will appear on men’s and ...
-
News briefs
ADIFO launches U.S. operations
The Adi Dassler International Family Office (ADIFO), a privately-owned, independent wealth advisory firm for families, recently launched U.S. operations in Miami and Tampa, Florida. ADIFO was founded by Klaus, Horst and Stefan Bente, the three sons of Inge Dassler, the oldest daughter of Adidas’ founder, Adi Dassler. Currently run by ...
-
News briefs
Champion launches collection for gamers
Champion is introducing a new Gamer Collection for e-sports players, or “gamers.” The collection comprises sweatshirts, available as both pullovers and zip-ups, and pants. The sweatshirts feature oversized hoods, specially designed to cover people wearing headsets. The sleeves are also designed for gamers, with a rib cut that helps prevent ...
-
News briefs
Decathlon closes two stores in Russia
Decathlon has decided to close two mega-stores in different parts of Russia in less than a month. On Aug. 20, the French sporting goods retailer announced that it would close a store in Ivanovo. The decision was made against the background of a major slump in revenue due to the ...
-
News briefs
A revived Confirmed app by Adidas
Adidas is resurrecting its five-year-old Confirmed app as a new, updated e-commerce platform filled with story-telling contents. The new app became available in the U.S. last week, and there are reportedly plans to launch it also in China at the end of this year and in Europe next year. In ...
