All Sporting Goods Intelligence articles in Volume 31, Issue 9-10 – Page 3
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ArticleSolutions in sight for Norway’s sports sector
We reported in our Feb. 10 issue about the problems at XXL ASA and the bankruptcy of Gresvig, the Norwegian licensee of Intersport. Powerful investors are pitching in to save the two largest retail players in the Norwegian sporting goods market. It seems, however, that some suppliers may end up ...
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News briefs
Louis Garneau goes bankrupt
Louis Garneau, the Canadian brand of cycling apparel, has filed for bankruptcy protection in Canada and suspended the employment of 66 members of the staff at its headquarters in Quebec. The proceedings would not affect the company’s Sugoi subsidiary or its sales subsidiaries in the U.S. and Mexico. The filing ...
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News briefs
Adidas changes its practices in Spain
Adidas has avoided a fine from the Spain’s National Commission for Markets and Competition (CNMC) in exchange for voluntary changes to its franchising policy. The commission opened an inquiry after a franchisee in Spain accused the company of anti-competitive practices in November 2018. In essence, Adidas had different contracts in ...
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News briefs
Jochen Zeitz is running Harley-Davidson
Jochen Zeitz, the former chief executive of Puma, will temporarily take over the position of CEO and president of Harley-Davidson, the famous American brand of motorcycles. The German executive, who has been of a member of its board of directors since 2007, will hold the position until an official successor ...
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News briefs
Cycleurope rearranges Nordic distribution
Tony Grimaldi, the chief executive of Cycleurope, is set to establish a common management for all the Nordic countries, according to Sportfack. In view of this, Jonas Netterström, who became the CEO of Cycleurope’s Swedish subsidiary at the beginning of 2017, is set to leave the group for another position ...
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News briefs
Richard Johnson joins Signa for international capital markets
The Signa Group has entrusted Richard A. Johnson (no connection with the current chairman, president and CEO of Foot Locker) with the management of its expansion in international capital markets, with a particular emphasis on the Asia-Pacific region, the Middle East and the non-German speaking European markets. With Johnson, Signa ...
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News briefs
New Callaway manager for softgoods
Callaway Golf Company has made Joe B. Flannery executive vice president for apparel and other soft goods. This will include the supervision of the Jack Wolfskin brand, which was acquired by the American golf company one year ago, as well as other properties such as TravisMathews. Flannery has been with ...
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ArticleCrocs returned to profits in Q4
Crocs continued to reap the benefits of its efforts to restructure, ending the year with a profit against a loss for the same quarter a year ago. In the fourth quarter ended Dec. 31, it delivered strong direct-to-consumer (DTC) growth and sell-through at the wholesale level, leading revenues to reach ...
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ArticleMany factors weigh on Globe’s profits
The strong U.S. dollar hampered the financial results of the Australian multi-brand skate company for the first half of its fiscal year ended on Dec. 31. The net income was down by 9 percent to 3.9 million Australian dollars (€2.3m-$2.7m). This happened despite a net gain of A$ 3.7 million ...
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Article
Strong momentum for Acushnet and Kjus
The management of Acushnet believes that each of its businesses is has a strong momentum in the new year. In particular, the American golf company controlled by Fila Korea expects that the Kjus brand will continue its rapid progress within golf, benefiting from the launch of a new Gemini rainwear ...
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ArticleNautilus re-launches its digital platform
Significant reductions in expenses in the fourth quarter helped Nautilus to reach a net income of $3.5 million, up from $1.4 million for the same period a year ago, in spite of sharply reduced revenues and a lower gross margin.
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ArticlePrimaloft will make more noise
No figures are available, but Primaloft is said to have become very profitable after growing for a while at a double-digit rate every year. Some of the profits are going to be reinvested in consumer-oriented advertising to build up brand awareness, probably starting with the autumn/winter 2021 season, to accompany ...
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News briefs
Bergans fights for the seasons
(OIC) Bergans of Norway and WWF Norway delivered a letter to the Norwegian Ministry of Climate and Environment in mid-January asking the Minister to help get the seasons – the actual seasons of the year – onto the UNESCO World Heritage List. The initiative originated with Bergans, which has entered ...
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News briefs
Mammut enters partnership with Powdr
(OIC) Mammut is entering a long-term partnership with Powdr, an American ski resort operator. The partnership makes the Swiss sports brand the official uniform and clothing supplier for more than 8,000 mountain professionals working at 10 of the Powdr mountain resorts in the U.S. The partnership starts with the 2020/21 ...
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News briefs
O’Neill launches marketing campaign
(OIC) O’Neill has launched a new marketing campaign with the title “First Name in the Water.” The campaign consists of cinematographic shots of different corners of the world, featuring O’Neill’s top athletes. Riley Blakeway, a renowned filmmaker, and Deke Angel, O’Neill’s art director, used classic imagery and video from the ...
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News briefs
Teva launches brand campaign
(OIC) Teva, a division of Deckers Brands, is launching “Strap In To Freedom,” a new brand campaign to celebrate its Original sandal collection and highlight its commitment to sustainability. All the straps across the brand’s 2020 collection are made of Repreve yarn, a performance fiber that itself is made of ...
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News briefs
Snow+Rock partners with GB Snowsport
(OIC) Snow+Rock, the U.K. outdoor retailer, has announced a partnership with GB Snowsport, the national governing body for ski and snowboard disciplines in the U.K. Snow+Rock will be the official retail partner of GB Snowsport up to and during the Beijing 2022 Winter Olympic Games. GB Snowsport athletes will help ...
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News briefs
Toray is launching a PET-recycled iteration of Primeflex
(OIC) Toray is launching a PET-recycled iteration of its Primeflex series of flexible stretch fabric. The new version, which will be available in spring/summer 2021, is to meet the increasing demand by sportswear consumers for sustainability without compromising stretch. The Primeflex PET-recycled type incorporates recycled PET that would normally be ...
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News briefs
Outdoor & Running Business Days announces additional winter edition
(OIC) Outdoor & Running Business Days, the Italian B2B fair for the outdoor and running industry, has announced an additional winter edition for 2021. More details will be unveiled in the coming months. Meanwhile, this year’s edition of the trade show in Riva Del Garda, in the northern Italian province ...
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News briefs
Smartwool launches online store in Germany
(OIC) Smartwool, the maker of woolen sports apparel and a division of VF Outdoor, launched its first online store in Germany this month. The store offers the entire range of Smartwool products, including base layers, shirts, underwear, and socks. The website also provides information about the brand, the materials used ...
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