All Sporting Goods Intelligence articles in Volume 31, Issue 41+42 – Page 3
-
News briefs
Adidas releases a collection with F***ing Awesome
Adidas Skateboarding has released a collection with F***ing Awesome, a brand of gear and apparel for skaters. Designed by the skate brand’s co-founder, Jason Dill, the collection is described as a “dual-season apparel and footwear concept series.” Installment One – consisting of a Taekwondo outfit, coveralls, a jersey set, technical ...
-
ArticleVF acquires Supreme
VF Corp. has announced a definitive agreement to acquire Supreme, a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of 2020. Investors ...
-
Article
Dorel Sports posts a 22% sales increase and record earnings
Dorel Sports, whose brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, saw its revenues increase year-on-year by 22.1 percent to $305.6 million in the third quarter, marking the sixth consecutive quarter of revenue growth for the segment. Excluding the impact of foreign exchange rates, quarterly revenues improved by around ...
-
Article
Asics improves in Q3, but warns about second Covid wave
Asics reported better-than-expected third-quarter sales and revised upward its forecasts for the full year, but warned that fourth-quarter sales would take a hit from the second wave of the Covid-19 pandemic. Net sales rose by 4.39 percent to 103,309 million yen (€829m-$979m) in the third quarter as more people took ...
-
Article
Mizuno's weak results softened in the latest quarter
The impact of restrictive measures to contain Covid-19 in Japan weighed on Mizuno’s results for the first half of its fiscal year ending on March 31, 2021. The Japanese group’s revenues declined by 22.5 percent from the year-ago period to 66.2 billion yen (€537.7m-$639.0m). The gross margin narrowed by 2.0 ...
-
Article
Peloton booms
Beating analysts’ projections for an annual turnover of $3.63 billion, Peloton Interactive is projecting revenues of $3.9 billion or more for the current financial year, generating adjusted Ebitda of $300 million, after an impressive first quarter, compared with sales of $1.82 billion and adjusted Ebitda of $117.7 million in the ...
-
Article
GoPro swings to a profit
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro’s net income for the ...
-
Article
New Wave focuses on costs savings
The New Wave Group, the Swedish company behind Craft and Cutter & Buck, said actions to prioritize costs, earnings and cash flow bore fruits in the third quarter. The operating margin gained 4.3 percentage points to 12.0 percent due to these efforts. It was only the second time in the ...
-
Article
Pentland Brands publishes its first Positive Business report
Pentland Brands has released a new report in which it outlines its new three-pillar “Positive Business” strategy. It is based on: 1) building purpose-led brands; 2) reducing its environmental footprint; and 3) promoting circularity and collaboration. Pentland Brands owns Speedo, Berghaus, Canterbury of New Zealand, Endura, Mitre, Ellesse, SeaVees, Kangaroos ...
-
Article
Deckers Brands highlights CSR goals and achievements in a new report
Deckers Brands has released its Creating Change FY20 Corporate Responsibility and Sustainability Report, in which the group highlights its achievements toward its sustainable development goals during the reporting year from Apr. 1, 2019 to March 31, 2020. Deckers owns a portfolio of footwear, apparel and accessories brands for casual lifestyle ...
-
Article
Bike Fun changes hands, Canyon sees takeover interest
Bike Fun International (BFI), a bicycle maker based in the Czech Republic, and Consillium, a Prague-based private wealth management firm owned by Tomas Němec, have agreed on a transaction that will see Consillium acquire a 100 percent share in BFI. The deal was agreed on Oct. 1 and is expected ...
-
Article
Champion’s parent company unveils new strategies
Hanesbrands, the parent company of Champion USA, is about to take a new direction. After releasing mixed results for the third quarter, the group’s new chief executive, Stephen Bratspies, said it is conducting an in-depth review of its business to develop a growth strategy better tailored to the post-pandemic world, ...
-
ArticleBurton’s Chill Foundation launches a European chapter
The Chill Foundation, founded 25 years ago by Donna Carpenter and her late husband Jake Burton Carpenter, owners of Burton Snowboards, has set up a European office in Europe. The new Chill Europe is based in Zurich, where Donna Carpenter, joint chief executive of Burton, moved in 2019 to get ...
-
News briefs
Superdry pushes e-commerce
Banking on Black Friday to maximize sales through e-commerce in spite of the new retail lockdowns, Superdry says it has launched new campaigns through its influencers that are delivering record levels of engagement. It will be focusing its energies in the area in the coming months with its new chief ...
-
Article
An unexpected profit for Canada Goose
Thanks to strong demand from China, Canada Goose posted an unexpected profit in the second fiscal quarter. After posting heavy losses in the first quarter, it has now returned to profits with a net income of 10.4 million Canadian dollars (€6.7-$8.0m) for the three months of its second quarter ...
-
Article
Better-than-expected results for Wolverine
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the group’s own e-commerce ...
-
Article
Alibaba grows by 30%, misses Ant Group’s IPO
Confirming a recovery from the first wave of the Covid-19 pandemic in China, the Alibaba Group reported a 30 percent increase in overall revenues to 155.1 billion yuan renminbi (€19.9bn-$23.5bn) in the third quarter, leading to a rise of 28 percent in adjusted Ebitda to RMB 47.5 billion ($6.1bn-$7.2bn). The ...
-
Article
Higher prices boost Fitbit’s sales and margins
Fitbit reported revenues for the third quarter that rose by 5 percent from the year-ago quarter to $363.9 million, driven by higher average selling prices. The net loss grew slightly to $54.5 million on a GAAP accounting basis, but it declined sharply on a non-GAAP basis to $8.3 million from ...
-
Article
Best quarter ever for Polygiene
Polygiene reported its “best quarter ever,” with sales rising by 11.7 percent to 22.9 million Swedish kronor (€2.27m - $2.63m) and the gross margin rising by 0.5 percentage points to 70.4 percent, leading to a financial turnaround. The results led to a financial turnaround for the Swedish ingredient brand company, ...
-
News briefs
Afydad to launch a virtual showroom
Afydad, the Spanish sporting goods industry association, is launching a digital marketing campaign as well as a digital platform for its members with B2B and B2C options. Each brand will have its own B2B space in a 360-degree virtual showroom, itself branded under the name “Spain Is Sports,” while an ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
