All Sporting Goods Intelligence articles in Volume 31, Issue 9-10
View all stories from this issue.
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News briefs
Boardriders acts to mitigate coronavirus impact
After being downgraded by a couple of rating agencies (SGI Europe Vol. 31 N° 9+10), the management of Boardriders announced a series of actions to lower the impact of the Covid-19 outbreak on its finances. It said that it was pausing a range of business activities, reducing the related costs ...
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PDF NewsletterSGI Europe Newsletter: Vol 31 - 09+10
Adidas posts strong results | Covid-19 infects the industry | New dates for Fibo and IWA | Solutions in sight for Norway | Daka Sport acquires Sportsworld | Changes at SportScheck, Golfino | Polartec, Primaloft making noise | Forced labor in China
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News briefs
Primark works with Lotto
Primark, the international fast-fashion retailer, has introduced a capsule collection co-branded with Lotto, whose brand features a typically sporty touch and an Italian design with strong color accents and special prints. Lotto Sport Italia has been leveraging its sports heritage in other collections with brands that have different roots, such ...
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News briefs
Amazon will sell C9 Champion globally
Champion’s more affordable C9 Champion line will be available for the first time globally through a dedicated store on the marketplace of Amazon, which has agreed to take the place of the American Target chain of mass market stores. The line sold on Amazon, which reached annual sales of about ...
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News briefs
Credit agencies downgrade Boardriders
Standard & Poors and Moody’s have both downgraded the credit rating of Boardriders, the parent company of Quiksilver, Roxy, Billabong and other action sports brands. S&P has reversed its outlook to negative based on results and guidance provided by the company to the rating agency. It feels that its operating ...
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News briefs
Will Intersport or Sportmaster acquire Go Sport France?
Rallye, which controls the French Go Sport chain, has reached an agreement for the rescheduling of its debt of €2.9 billion, setting deadlines of four years with its banks and ten years with other creditors. It is not yet clear how the package will be financed. One of the options ...
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News briefs
Nike honors Kobe Bryant
Nike has released a spot on social media to pay tribute to the late Kobe Bryant. The spot is entitled “Mamba Forever,” after Bryant’s nickname “Black Mamba,” and shows some of the most iconic moments and achievements in the basketballer’s career. Bryant died in a helicopter crash with his 13-year-old ...
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News briefs
Le Coq to be present at the Olympics
Le Coq Sportif has secured an agreement to supply apparel for the French Olympic and Paralympic team for the Paris 2024 Games. The French brand was awarded the wide-ranging kit deal by the Paris 2024 organizers as a result of an apparel supplier tender that was issued back in September. ...
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News briefs
Brooks Brothers countersues
Brooks Brothers has reacted to Brooks Sports’ suit (see our previous issue) by launching a countersuit, claiming that the latter may use the “Brooks” name alone only for athletic footwear, whereas the clothing company can use the “Brooks” name alone for all other kinds of products, including sports apparel, sports ...
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News briefs
Jochen Gärtner is Fila’s new European sales director
Jochen Gärtner has taken over the position of sales director Europe for Fila, a brand for which the Deichmann group holds the European license indirectly. With immediate effect, he will be responsible for sales and marketing for all collections – with the exception of the tennis category. Gärtner was hired ...
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News briefs
Puma acts against waste
According to sportstextiles.com, Puma has introduced a collection of sports apparel and footwear in conjunction with First Mile, a “people focused” company in the U.K. that collects waste from businesses and dispatches it to partners for recycling into yarn, the objective being to curtail the flow of waste into landfills. ...
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News briefs
New Balance works with the NBA
New Balance has signed a long-term deal to become an official marketing partner of the National Basketball Association (NBA). This will enable the American company to use NBA uniforms and team logos in its advertising, on its social media and in store displays. In 2018, New Balance signed both Kawhi ...
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News briefs
Asos teams up with Nike for the Re:Set Lab
As reported by Fashion Network, Asos and Nike recently invited customers to take part in immersive or high-intensity classes in exercise, yoga, meditation, and arts and crafts such as candle-making, make-up application, terrarium set-up and illustration. The event, called Re:Set Lab, was held from Feb. 28 to March 1 at ...
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News briefs
Puma addresses the water crisis
Puma has teamed up with the BA fashion course at Central Saint Martins (CSM), the London-based design school, to study sustainable technologies in textile manufacturing. The result is a “Day Zero” collection that consists of new takes on the RS-X3, Future Rider and Ralph Sampson Low shoes. Designed by CSM’s ...
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News briefs
New manager at X-Technology
X-Technology Swiss, the owner of X-Bionic, X-Socks and Apani, has hired Luca Bacherotti as its new chief operations officer. Bacherotti has more than 30 years of high-level managerial experience in the textile industry, having worked for Asics, Tommy Hilfiger and Levi Strauss. In his new role at X-Technology, he is ...
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News briefs
Hoka adds apparel
Hoka One One, the fast-growing running footwear label of Deckers Brands, is launching its first apparel line for runners, walkers, fitness enthusiasts and outdoor adventurers. The 27-piece collection for men and women will be available only online at the brand’s websites, including hokaoneone.com and hokaoneone.eu. More in The Outdoor Industry ...
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Article
Mixed results at Foot Locker
Globally, Foot Locker’s sales decreased by 2.2 percent to $2,221 million in the fourth quarter ended on Feb. 1, with a drop of 2.0 percent in local currencies. On a comparable store basis, sales were off by 1.6 percent worldwide, but Foot Locker Europe’s sales were flat and the Runners ...
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ArticleDaka Sport acquires Sportsworld
Daka Sport says it will become the largest independent, family-owned sporting goods retailer in the Dutch market in terms of sales and sales surface area following an agreement to take over the three remaining mega-stores of Sportsworld in the country and their 100-plus employees.
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ArticleGolfino and American Golf come under common ownership
The concentration of the market has also impacted the golf sector. Endless, the British private equity fund that took over the U.K.-based American Golf chain in 2018, has now acquired Golfino, the German brand of golf apparel, but not its mono-brand retail stores, and placed the operation under new management. ...
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Article
With higher sales and visits, Zalando pushes its marketplace
Zalando’s momentum keeps going, and the e-tailer is looking at new ways to grow after posting strong results for the fourth quarter of the year. One of the highlights was a jump in the number of site visits, which progressed by 31.9 percent to 960.7 million.
