All Sporting Goods Intelligence articles in Volume 31, Issue 35+36 – Page 4
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ArticleNike’s shares surge on strong e-commerce and European rebound
The Nike group’s share price rose by more than 8 percent in after-hours trading on Wall Street, hitting an all-time record of $130 when the stock exchange opened this morning, after it presented good results for its first fiscal quarter ended on Aug.31, which included an 82 percent jump in ...
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News briefs
Merrell releases eco-friendly undyed line
Merrell’s new line, the Undyed Collection, has white, undyed uppers made of partially recycled mesh and outsoles made of natural rubber. According to the brand, when measured against factory-supplied averages, the Undyed Collection saves about 80 percent of the water and 50 percent of the energy expended in the production ...
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News briefs
X-Technology Swiss loses its H-Dry trademark
The European Union Intellectual Property Office (EUIPO) has ruled against X-Technology Swiss of Zurich, revoking its trademark for the H-Dry brand name and related rights retroactively to the start of the legal dispute in December 2018. In reaction, Matteo Morlacchi – chief executive of the plaintiff, Luxembourg srl, and of ...
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News briefs
UFC picks Hyperice to provide its recovery devices
United Fighting Championship (UFC), the company behind mixed martial arts (MMA) competitions worldwide, has made Hyperice its official “recovery technology partner.” There will now be Hyperice stations at both the Las Vegas and Shanghai sites of the UFC Performance Institute, which provides fight training and conducts related research. Hyperice and ...
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Article
Importers may have to pay more to bring bicycles into Russia
Mandatory tagging of bicycles in Russia may oblige some importers to pay higher import duties, according to sources, normalizing the market in similar ways as the mandatory tagging program recently introduced for footwear. In Russia, bicycles are subject to a 10 percent import duty, but some importers of Chinese products ...
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Article
Intersport and 11teamsports strike long-term cooperation
The leading German football retailer, 11teamsports, has become a long-term cooperation partner of the five-country retail group around Intersport Germany. It is combining its strong online presence and the operations of its 30-plus physical stores in the DACH region with the buying and marketing power of Intersport. There will be ...
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News briefs
YKK and Polygiene collaborate on self-cleaning zippers
YKK has incorporated Polygiene’s ViralOff into a line of zippers, making them “essentially self-cleaning.” The Japanese company – which has business lines in fasteners, architectural products, and machinery and engineering – is presenting its first zippers of this kind at the Lineapelle show, scheduled for Sept. 22-23 in Milan. ViralOff, ...
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News briefs
BasicNet reacquires the Kappa brand in Japan
China Dongxiang has agreed to sell the rights to the Kappa brand in Japan for $13 million. BasicNet plans to give a major boost to brand’s development in the country, where Kappa generated sales of $30 million in 2019 through Phenix and its licensees. China Dongxiang will continue to focus ...
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Article
The Norwegian retail merger can go through
The Norwegian Competition Authority has announced its endorsement of the proposed business combination between Gresvig, the Norwegian licensee of Intersport, and Sport 1 Gruppen. The two new partners are the largest sports retailers in the country after XXL Sport. As planned, they will form a new common entity, called Sport ...
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Article
Superdry looks to social media and other strategies to revive brand after losses widen
The U.K.-based brand of street- and activewear is expanding its use of social media “influencers” to drive sales ahead of the launch of its autumn/winter collection. Its action in this area led last year to a 14 percent increase to 3.2 million in the number of followers on social media ...
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ArticleBob Gore, inventor of Gore-Tex, has died
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates, died on Sept. 17 at the age of 83. Gore sat on the board of his family’s materials science company for 57 years, 30 of them as chairman, and served as president from ...
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ArticleRossignol restructures its ski production
The Rossignol Group has presented a reorganization plan to its staff that will involve the elimination of 95 jobs at its head office and at its ski factories in France. These and other measures are intended to save between €10 million and €15 million per year, adapt the production apparatus ...
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News briefs
Top Rossignol executive joins Bollé Brands
François Beneben has left the position of vice president of the Rossignol Group for Europe, Asia and the Southern Hemisphere, which he had held since March 2018, to join Bollé Brands as president of its Sport & Luxury business, covering the group’s brands of sunglasses and goggles: Bollé, Spy, Cébé, ...
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News briefs
Nike’s releases guide on coaching girls
Nike has released a guide to coaching girls titled How to Get (and Keep) Girls Playing: Strategies for Engaging & Retaining Girls in Sport. The guide was put together in collaboration with We Coach, a sports consultancy run by We Coach L3C, a low-profit limited liability company headquartered in Illinois. ...
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News briefs
Sea Otter Europe expo cancelled, but races to proceed
Sea Otter Europe has cancelled the fourth edition of its bike show, scheduled to be held in Girona, Spain, on Sept. 25-27. As with many other such cancellations, the reason was Covid-19. However, Sea Otter Europe’s open-air races – the Scott Marathon Cup, the Continental Ciclobrava, the Etixx Girona Gravel ...
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Article
Fast ride for Ridestore
Ridestore, an online retailer of private label snowear for extreme sports founded in Sweden just over ten years ago, has reported excellent financial results for the second year in a row, attributing the growth mainly to its successful expansion to other parts of Europe and North America. For the financial ...
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News briefs
Mathias Boenke will leave Intersport
Mathias Boenke, who has been one of the pillars of the Intersport organization in Germany, Austria and other countries since 2014, will leave it after his current contract expires in 2021 to look for opportunities elsewhere. Boenke informed Intersport Germany’s supervisory board about his decision after the completion of the ...
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ArticleLe Coq Sportif intensifies focus on ‘Made in France’ products after posting a loss
Airesis, the Swiss holding company of Le Coq Sportif and Movement Skis, widened its net loss for the first six months of 2020 to 18.5 million Swiss francs (€17.2m-$20.4m), compared with a loss of CHF 1.9 million in the prior-year period. Consolidated revenues tumbled by 52.7 percent to CHF 32.2 ...
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ArticleChamatex raises €10m to relocate the production of sports shoes to France
In a project initiated a year ago by a French textile producer, the Chamatex Group, the construction of a new shoe factory intended to relocate the production of top-of-the-range shoes from Asia to France started on Sept. 17 in Ardoix, where the company is based. The first three clients will ...
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News briefs
Oakley factory to produce face shields
Oakley has converted part of its Foothill Ranch factory in Orange County, California, to supply face shields in order to meet growing demand for protective equipment against the Covid-19 virus. The 550,000-square-foot facility produces Oakley eyewear and goggles, and the face shields will be manufactured alongside existing products. The brand’s ...
