All Sporting Goods Intelligence articles in Volume 31, Issue 43+44 – Page 3
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ArticleArc’teryx opens first Icon Store with flexible DTC services
Arc’teryx has launched a new retail store concept called The Icon Store. The first store was opened in Walnut Creek, California, on Nov. 12 with 77 square meters of floor space, inspired “by wood-frame backcountry huts.” The compact store is designed to streamline the shopping experience by showcasing only a ...
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News briefsPatagonia hires a European environmental action & initiative director
Source: Patagonia Beth Thoren, new Environmental Action & Initiatives Director, EMEA Patagonia is strengthening its mission “We’re in business to save our home planet” with the hire of Beth Thoren as environmental action and initiative director for the EMEA region. With her extensive previous experience, Thoren’s addition ...
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News briefs
Pentland reports on modern slavery
Pentland Brands has produced a report on labor practices in its supply chain. Called Modern Slavery, the report reviews such criteria as geography, political stability and worker demographics to gauge the likelihood of slavery’s use in various parts of the world. Homeworkers appear to be of particular concern for the ...
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News briefs
Joma to sponsor the Italian Tennis Federation
Joma Sport will become the new technical sponsor of the Italian Tennis Federation (FIT) on Jan. 1, supplying all apparel to all Italian national teams and equipment to the federation’s tennis centers for the next five years. Joma will also participate in the federation’s brand makeover, which is intended to ...
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News briefs
Sports Direct to purchase four stores in Spain
In a deal worth €34 million, Frasers Group’s sports banner, Sports Direct, will be purchasing six Toys ‘R’ Us stores in Spain in a sale & leaseback deal. They are located in the cities of Alcobendas (outside Madrid), Sant Boi (outside Barcelona), Granada, Valencia, Málaga and Pamplona. Toys ‘R’ Us ...
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News briefs
McKinsey makes recommendations to cope with Covid
The World Federation of the Sporting Goods Industry (WFSGI) has pointed to an interesting series of proposals recently made by McKinsey & Co. to help overcome the Covid-19 crisis and to make the most of the post-crisis recovery. We feel that decision-makers in our sector and others should think ahead ...
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Article
Expanded: Foot Locker books 7.7% higher same-store sales in Q3
Foot Locker reported an increase in same-store sales of 7.7 percent for the third quarter, ended Oct. 31. In absolute terms, the company’s revenues grew by 9.0 percent to $2,016 million, with a 7.7 percent rise in local currencies, beating analysts’ estimates. Digital sales jumped by 52 percent, representing 21.4 ...
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ArticleWellness, sustainability, localism, online interaction are growing trends with Covid
For months, fashion industry entrepreneurs and retailers have been struggling with the effects of the coronavirus pandemic while at the same time trying to map out future strategies in a rapidly-evolving commercial environment, and the same applied to brands and retailers in the sporting goods sector. In a webinar titled ...
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ArticleGoldwin’s sales and profits dwindle
Goldwin’s revenues dropped by 16 percent to ¥19,358 million (€157.4m-$182.5m) in the second quarter ended Sept. 30, and the Japanese sports apparel company’s net income tumbled by 59 percent from the year-ago period to ¥915 million (€7.4m-$8.6m). The gross margin fell by 1.4 percentage points to 50.6 percent. Golwin spoke ...
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ArticleExpanded: Denmark’s Sport24 chain plans a move abroad, online
Sport24, a young and fast-growing Danish sports chain, is aiming at expanding abroad online, starting in 2021. The scope of its international development will be defined after carrying an analysis of about 15 European countries as of January and hiring a group of people to work on this project, says ...
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News briefs
The Nike United retail concept goes live
Nike is introducing a new retail concept, called Nike United, at nine locations around the world, including one at East Kilbride in the U.K. The others are in the U.S., China and South Korea. Coming after the Nike House of Innovation, Nike Rise and Nike Live, the new concept is ...
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News briefs
SMS looks to expand in Asia
Sports Marketing Surveys (SMS) has appointed Eric Lynge as special for Asia in order to expand its operations in the region, particularly in the areas of golf, cycling, outdoor and tennis. He will continue as the chief executive of the Asian Golf Industry Federation, which he has led since 2014. ...
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News briefs
Decathlon opens its largest store in Germany
The largest Decathlon store in Germany is opening in November in Weiterstadt, covering 8,000 square meters and employing 80 people. In addition to the classic sales area for more than 100 sports segments and 85 private labels, there will also be numerous test areas, a sports park and an exhibition ...
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Article
Brooks grows by 49%
The Covid-driven running boom led Brooks Running to score a 49 percent sales increase in the third quarter of 2020. In the U.S., the brand’s market share in the performance running category gained four percentage points in the quarter as compared to a year ago, according to NPD. Without sharing ...
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Article
Sumitomo raises guidance for its sports division
Sumitomo Rubber Industries’ sports division bounced back from a poor second quarter, posting an operating profit of ¥1,041 million (€8.4m-$9.9m) in the third quarter, against a loss of ¥519 million (€4.2m-$4.9m) in the year-ago period. Sales in the sports division, which includes brands such as Srixon, XXIO, St. James and ...
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News briefs
Head takes over the distribution of some products in Scandinavia
Head Scandinavia is taking over the distribution of its racquet sports operations in Sweden, Denmark and Finland from GSL, which has had the rights for Sweden since 2010. According to Sportfack, it will be pushing in particular the paddle tennis segment, which is growing strongly in Sweden. Head Scandinavia is ...
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News briefs
Pitti Uomo is postponed to late February
Pitti Uomo is basically the only trade show in Italy where sports brands have been showing new products. Its organizers have decided to postpone the dates of the international menswear show in Florence from Jan. 12-14 to Feb. 21-23, making it coincide with two other exhibitions for textile yarns and ...
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News briefs
Facebook monetizes Instagram with a new shopping function
After Google’s reported tests to turn YouTube into a shopping platform, Facebook has announced a new functionality on Instagram that will allow customers to buy products through a new “Shop” tab on its home screen. Represented by a shopping bag, it will lead directly to the Instagram Shop, a commercial ...
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News briefs
New licensing director for Fanatics from Nike
Eager to continue to expand internationally, Fanatics has appointed a new licensing director, Younes Latayi, to drive its global licensing strategy and to manage its growing international portfolio of partners, maximizing their online and offline offerings. He will be based in Europe, reporting to Vicky Picca, Fanatics’ senior vice president ...
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News briefs
Carla Murphy will lead Adidas Outdoor
In yet another important management change, Adidas has appointed Carla Murphy as general manager of its Adidas Outdoor business unit, starting on Dec. 14. She will assume one of the two roles of Tim Janaway, who has been with the Adidas group for more than 20 years, serving most recently ...
