All Sporting Goods Intelligence articles in Volume 31, Issue 47+48 – Page 5
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News briefs
The online sporting goods market skyrocketed in Russia in 2020
In 2020, online sales of sporting goods in Russia jumped by a factor of 10 as compared to the previous year, according to a research company, OFD. Dumbbells, yoga and fitness mats, resistance bands, and treadmills were particularly popular among Russian customers. Coronavirus-related lockdowns drove a sharp growth in e-commerce ...
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Article
Lululemon’s profits return to double-digit growth
The yoga apparel specialist saw its net income progress by 14 percent in the third quarter to $143.6 million, rebounding from a 31 percent dip suffered in the second one, in spite of extra expenditures of $8.5 million related to the $500 million acquisition of Mirror. The gross margin rose ...
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News briefs
Denmark extends Covid-related restrictions for retail and sports, but sports retailers are happy
Danish sporting goods retailers indicate that their sales have been higher overall this year than in 2019 - in spite or because of the pandemic. Public authorities have encouraged people to practice sports, especially outdoors. As they have been saving money on anything except e-commerce, they are also said to ...
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News briefs
VF signs the UN Global Compact, commits to women’s empowerment
VF Corp. is a new signatory of the United Nations Global Compact (UNGC). The company has also endorsed the UN’s Women’s Empowerment Principles. The UNGC’s ten principles boil down to the upholding of “internationally proclaimed human rights,” freedom of association and collective bargaining for labor, the rejection of forced, compulsory ...
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