All Sporting Goods Intelligence articles in Volume 31, Issue 33+34 – Page 5
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ArticleAmazon: The Janus-faced company
The current Covid19 crisis has accelerated Amazon’s consumer goods business exponentially. The Silicon Valley giant doubled its profits in the second quarter of this year and increased its turnover to nearly $89 billion. The share value has also nearly doubled since the middle of March. On Sept. 1, Amazon announced ...
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News briefs
A special director joins Under Armour’s board after a new shareholders’ complaint
Under Armour has announced that Wes Moore, the chief executive of the Robin Hood Foundation, has joined its board of directors. The foundation has distributed more than $3 billion to organizations that address disparities in education, housing, food insecurity and workforce development. Moore, 41, has worked in investment banking and ...
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News briefs
Slinger Bag goes more international
Slinger Bag, the innovative ball launcher, continues its international expansion, announcing new distribution agreements in Australia and Africa in the last few days. The product will be launched in the Australian market in October under a new, exclusive five-year agreement with Tennis One, which has four retail stores in the ...
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News briefs
Two French retailers are merging
Frasteya and Lafreto have announced their merger, with immediate effect. The new joint company resulting from the merger of these two French physical players specializing in outdoor and boardsports is called 113Outdoor. As reported by sport-guide.com, Frasteya will be the majority shareholder while Lafreto will hold a minority stake in ...
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ArticleNPD: The global sports market grew by 5% in 2019
A rise of 9 percent in retail sales of bicycles and accessories drove the growth of the global sporting goods market in 2019, according to the NPD Group. The consumption of sports shoes slowed down to 6 percent, compared with an estimated increase of 9 percent in 2018. Both apparel ...
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News briefs
Macron is the new kit sponsor of K.K. Zadar
Macron will replace Adidas as the technical sponsor of K.K.Zadar, the professional basketball club based in the city of Zadar (Zara), Croatia. The Bologna-based sportswear company has agreed a three-year deal with the club starting from the next season. Among its multiple trophies, K.K. Zadar boasts six titles in the ...
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ArticleIntersport International elects new chairman, sets new goals
Held online in a virtual format, the annual general assembly of Intersport International Corp. (IIC) elected today a Canadian industry veteran, Rick White, as its new chairman. The 61-year-old manager, who is known for his operational efficiency, takes the place of the 65-year-old Jussi Mikkola from Finland, who retired as ...
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News briefs
The British Golf Show moves to 2021
The second edition of the British Golf Show has finally been postponed to May 14-15, 2021. The event, originally scheduled to take place in May of this year, had already been rescheduled to early October, but the ongoing lack of clarity regarding the possibility of organizing public gatherings has finally ...
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News briefs
Adidas’ former Yeezy boss will work for Shopify
The mystery about the recent departure of the former head of the successful Yeezy business unit at Adidas is solved. Shopify has just announced that Jon Wexler will be joining the global, Canadian-based e-commerce company on Sept. 14 as vice president of its creator and influencer program. As he did ...
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ArticleCycling has defied the Covid-19 crisis in Germany
In its latest “sentiment barometer” for the first half of 2020, the German Bicycle Industry Association (Zweirad-Industrie-Verband e.V.; ZIV) comes to the conclusion that bicycles and e-bikes have been among the winners during the coronavirus crisis in Germany, while many other industries have suffered as a result of the global ...
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