All Sporting Goods Intelligence articles in Volume 31, Issue 45+46 – Page 3
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News briefs
New U.S. partner for Capranea
Capranea, which describes itself as “Switzerland’s leading alpine-inspired luxury brand,” announced today that it has secured a strategic private investment aimed at driving its global expansion. The message sounds similar to Moncler’s almost simultaneously announcement of its takeover of Stone Island. Capranea has signed a deal with the Progression Brands ...
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News briefs
Rip Curl extends sponsorship of Gabriel Medina
Rip Curl has extended by another five years its sponsorship of Gabriel Medina, the two-time surfing world champion. Their arrangement has lasted 12 years so far. This year’s World Surfing Tour has been cancelled over Covid-19, but the Billabong Pipe Masters competition remains scheduled for Dec. 8. Medina will also ...
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Article
Frasers Group in last-ditch bid to grab Debenhams
Mike Ashley’s Frasers Group has returned to the fight with a last-ditch offer for Debenhams in a bid to save the largest and oldest British department store chain from liquidation. The group, which owns the Sports Direct chain of sporting goods stores as well as another U.K. department store chain, ...
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Article
Kingmaker’s profits are back in the black
Kingmaker, a major Chinese manufacturer of athletic and casual footwear, posted a net income of 65.5 million Hong Kong dollars (€7.0-$8.5m) for its first fiscal half-year ended on Sept. 30, compared with a loss of HK$32.3 million last year, helped by gains from its property investments that more than offset ...
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News briefs
Titleist announces licensing deal with the Lions
Titleist has announced a new licensing partnership with the British & Irish Lions, the touring team of rugby players selected among the best players from the national teams of England, Scotland, Wales and Ireland. The deal has been secured by The Point.1888, a U.K.-based brand licensing company. Titleist will offer ...
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Article
Many seek to ‘Make Amazon Pay’
Some 401 parliamentarians and public officials – among them Jeremy Corbyn, former leader of the U.K.’s Labour Party; Yanis Varoufakis, Greece’s former minister of finance; and Ilhan Omar and Rachida Tlaib, two members of the so-called “Squad” in the U.S. House of Representatives – have signed an open letter to ...
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News briefs
JD Sports’ acquisition of Footasylum faces another legal hurdle
JD Sports Fashion’s battle to retain ownership of the British Footasylum chain is taking another turn, with the U.K.’s Competition and Markets Authority (CMA) “applying for permission” to appeal a recent judgement by the Competition Appeal Tribunal in the case, “after careful consideration.” JD had appealed to the tribunal to ...
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ArticleItaly and Andorra close their ski facilities for the holidays
Governmental guidelines for the closure of ski facilities to prevent Covid-19 infections continue to go in different directions in Europe. On Dec. 3, the government of Andorra said that its facilities will remain closed until the beginning of January and that the exact date of their re-opening may vary depending ...
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News briefs
New leadership structure for Outdoor Research
Outdoor Research (OR), the Seattle-based brand of functional outdoor, tactical and medical apparel, announced a new leadership structure late last month with an industry veteran, Roger Barton, taking the helm of the company. For the past two years, Barton led all aspects of finance and operations at OR, helping the ...
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Article
Blue Tomato, Fast Times helped Zumiez to post good results
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, performed well in the third fiscal quarter ended on Oct. 31, thanks to a good performance outside its core North American market. Its net income soared by 51.5 percent from the year-ago quarter ...
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News briefs
StockX booms over Cyber Weekend
This year StockX enjoyed its best Cyber Weekend ever. The daily gross merchandise value (GMV) for the period averaged a growth of 100 percent year-on-year. Black Friday’s rate of one trade per second rose at times in the subsequent days to as much as three per second. The website received ...
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News briefs
European bike sales to jump by 47% by 2030
A new forecast from CIE (Cycling Industries Europe), Conebi (Confederation of the European Bicycle Industry) and ECF (European Cyclists’ Federation), three industry groups based in Brussels, has predicted that Europeans will buy an extra 10 million bicycles per year by 2030. This would represent an increase of 47 percent as ...
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ArticleIntersport embarks in retail media in Germany
After two years of preparation, Intersport Germany has launched a new retail media service that allows brands from inside and outside the sporting goods industry to advertise themselves through the offline and online channels of some of its affiliated retail members. The clients will benefit from this new service by ...
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ArticleItaly’s sporting goods industry maps out its digitalization
Two-thirds of the Italian manufacturers of sporting goods have invested in their digital transformation or are doing that now to cope with the Covid-19 pandemic. Only 16 percent of them have not done it or have no plans to do it, generally because they cannot find the right skilled people ...
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News briefsEuropean visitors can participate in Ispo Beijing through an avatar
The forthcoming Ispo Munich trade show will be digital, but Ispo Beijing will be held in person as planned – or almost so - on Jan. 14 to 16. Whereas China has opened again for business, Europe remains under varying degrees of Covid-19 lockdowns. To enable Europeans to take ...
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News briefs
Adidas grants a Corona bonus to all employees
Adidas has announced that it will give a Corona thank you bonus to all the members of its staff of about 60,000 employees around the world for Christmas. Regulations introduced by the German government will make the bonus free of taxes and social charges. The bonus will amount to up ...
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ArticleUpdated: Austrian ski facilities will re-open on Dec. 24, little clarity elsewhere
The Austrian government is allowing the country’s operators of ski facilities to re-open them on Dec. 24, in contrast with a ban ordered by the German, Bavarian and French governments. Their drastic measures are in principle supported by the Italian government, in response to German Chancellor Angela Merkel’s call for ...
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ArticleRapala rolls out 13 Fishing to over 25 countries
Rapala VMS Corporation, the Finnish producer of fishing lures, equipment and tools, has started the international roll-out of an American brand for recreational fishing, 13 Fishing. In July, Rapala acquired 49 percent of the share capital of DQC International Corp., the Florida-based company that owns 13 Fishing. Prior to the ...
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Article
Nike and others lobby against Xinjiang labor bill in U.S.
According to the New York Times, Nike – along with Apple, Coca-Cola and other large companies – has been lobbying the U.S. Congress to soften some of the provisions of the Uyghur Forced Labor Prevention Act, which is not yet the law of the land but has been passed in ...
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News briefsZalando adds 1 mln clients during Cyber Week
Zalando acquired more than one million new customers during the sixth edition of its Cyber Week, surpassing last year’s new customer record. The gross merchandise volume (GMV) grew by about 35 percent over same the period and some 7,500 orders were placed per minute at peak times. The share of ...
