All Sporting Goods Intelligence articles in Volume 31, Issue 41+42 – Page 2
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News briefs
Decathlon launches self-checkout lanes in Russia
Decathlon has introduced its first self-checkout lanes in Russia at its Altufyevo store in Moscow and plans to expand the use of the system to other locations. The company has already installed its “Scan & Go” system, which allows customers to scan the items and to pay for them with ...
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Article
Sport 2000 International wants to refine the online and offline experience
Sport 2000 International is actively pursuing the development of its e-commerce capabilities in order to engage consumers online at the local, national and international levels, in collaboration with its brand partners. The new international e-commerce platform sport2000.com, currently serving only the German market, was launched in March 2020 with the ...
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Article
Descente in the red for H1 and the black in Q2
Descente ended the first half of its financial year on Sept. 30 with a net loss of 1,265 million yen (€10.2m-$12.0m), against a profit of ¥2,210 million for the year-ago period, as the economic impact of the pandemic hit its revenues. They declined by 34.9 percent to ¥42,897 million (€345.1m-$407.0m). ...
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News briefs
Fast-growing Fila rebuilds its DACH sales organization
Medico Sports Fashion, the German sub-licensee of Fila for Continental Europe, has reorganized its sales structure for the DACH region, with the goal to help establish Fila among the top five sports brands in Europe. It says that Fila has achieved annual retail sales in the “upper three-digit-million-euro range” in ...
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Article
Online retail for sporting goods grows above average in Switzerland
The latest edition of the Distance Selling Monitor for Switzerland - a monthly survey of 113 online retailers in Switzerland carried out by GfK in cooperation with the Swiss Post Office and the Swiss Retail Association - reports continued high online sales for the third quarter of 2020, although brick-and-mortar ...
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Article
Vista Outdoor’s shares soar on good results and upbeat guidance
Vista Outdoor, which includes brands such as Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, saw its stock rise by 8 percent after posting strong results for the second fiscal quarter ended Sep. 27. It also released a positive outlook for the current quarter. Sales surged by 29 percent to ...
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ArticleBullish about Black Diamond, Clarus withdraws bond offer
Clarus Corp. reported third-quarter sales for Black Diamond (BD) that bounced back from the second quarter, but they were still down by 8 percent compared with the third quarter of 2019. Still, the management said it remains upbeat and expects continued recovery into the fourth quarter. Overall, the parent company ...
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News briefs
Helly Hansen down by 1% in Q3
Sales of Helly Hansen, the Norwegian outdoor apparel and workwear brand acquired by Canadian Tire in 2018, saw its sales decrease by 3 percent to 155.4 million Canadian dollars (€101.1m-€119.2m) in the third quarter, but this was a strong sequential improvement after the 21 percent decline in the second quarter. ...
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ArticleDigitalization helps Adidas to recover
The Adidas Group made a strong recovery in the third quarter, approaching a normalization of its business, thanks largely to a 51 percent boost in e-commerce, coupled with a more a selective distribution policy. Mentioning its close relations with JD Sports Fashion and Zalando as examples, down to inventory sharing, ...
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News briefs
Brands and values in Italy's Serie A technical sponsorship deals
The technical sponsorship market in Serie A, the top tier of the Italian football league, is worth a combined €118.6 million, according to an assessment by Sporteconomy.it. The figure, which does not include commercial sponsorships, was calculated based on the deals between the different Serie A clubs and the nine ...
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News briefs
Rapha partners with Bang & Olufsen on indoor training earphones
Rapha, the cycling clothing brand, is launching a set of wireless earphones for sports in collaboration with Bang & Olufsen. The Beoplay E8 Sport earphones are said to offer above-average sound quality, consistent with Bang & Olufsen’s renowned audio quality. They feature a one-finger touch interface to play music, skip ...
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News briefs
Technogym launches the 2020 Let’s Move Week
Technogym has announced the 2020 Let’s Move Week, a week-long campaign to promote physical exercise. The campaign will run both online and offline from Nov. 9 to 15. People can join the campaign from home or anywhere online, or from a fitness club that has joined the initiative. Every day, ...
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News briefsIIC elects Intersport Germany’s CEO to its management board
Intersport International Corporation (IIC) has elected Alexander von Preen, chief executive of Intersport Germany, to its management board with a unanimous vote. Von Preen’s term extends to the annual general meeting in 2023. Intersport Germany has been absent of late from the management board due to the recent resignation of ...
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Article
Nautilus reaches record profits thanks to home fitness
As numerous gyms temporarily closed due to Covid-19, Nautilus experienced strong year-over-year sales increases in the third quarter with customers shifting to home equipment. New customer acquisition was up seven times during the quarter, leading the demand for many of the company’s home fitness products to continue to outpace the ...
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Article
Acushnet’s profits double
The American golf company controlled by Fila Korea bounced back in the third quarter, with profits more than doubling compared with the year-ago quarter. Acushnet also witnessed a recovery in sales after lockdowns eased and demand for golf products picked up again as players returned to the golf courses. Following ...
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News briefs
An inspiring alliance for China’s online luxury goods market
Wouldn’t it be great if someone would set up a truly international e-commerce platform specifically focused on the sale of sports products? The highly concentrated luxury goods sector, which is about just as big as the sporting goods sector on a global basis, already has one, called Farfetch. We find ...
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ArticleCallaway benefts from golf momentum, but Jack Wolfskin declines
Callaway Golf Co. saw its sales for the third quarter rise by 12 percent to $475.5 million, thanks to the rising popularity of golf after lockdowns ended, as the sport can be practiced while respecting social distancing guidelines. The golf equipment segment’s revenues jumped by 27 percent from the year-ago ...
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News briefs
Pentland puts Berghaus and Ellesse on Tmall to drive growth in China
Pentland Brands has introduced Berghaus and Ellesse, two of its most successful brands, to China as part of the group’s strategy to drive the group’s commercial growth in the region. The brands are now available in China on Tmall. Ellesse was recently launched in China with more than 300 locally ...
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News briefs
Cambodia’s bike exports reach 1.5 million units
During the first three quarters of the year, Cambodia exported a total of 1.5 million bicycles, worth nearly $400 million, according to the latest figures from the country’s Ministry of Commerce and as reported by the Khmer Times. More than half were shipped to the European Union (EU), with 360,000 ...
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News briefs
Slinger Bag finds a distributor in Singapore
Slinger Bag has reached a five-year agreement with Tennis Bot, which will be its exclusive distributor in Singapore. The year-old ball-launcher company is set to begin sales on the island nation by mid-December. Tennis Bot was founded in Singapore and has since expanded elsewhere in Asia-Pacific, distributing the Lobster and ...
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