All Sporting Goods Intelligence articles in Volume 32, Issue 29+30 – Page 2
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ArticleISPO Munich to open up to consumers and tourism
For the next edition of ISPO Munich, scheduled to take place on Jan. 23-26, 2022, the ISPO Group is planning to reserve a dedicated B2C hall for consumers at Messe München’s fairgrounds. They would be invited to try out new sports and new products. They would also be introduced to ...
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Article
Bangladesh imposes a two-week lockdown
The Delta variant of Covid-19 has led the government of Bangladesh to impose a nationwide lockdown on the country’s textile and apparel industry, which is the world’s second-largest exporter of these products after China, starting on July 23. It will come on the heels of the Muslim Eid al-Adha holidays, ...
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News briefs
Li & Fung collaborates with Canopy to protect forests
Li & Fung, the Hong Kong-based supply chain management company, has joined forces with an environmental organization, Canopy, to help protect forests. The company says it will collaborate with its brand and retail customers to better protect forests through responsible material sourcing as well as sustainable product manufacturing and logistics. ...
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News briefs
New global campaign: Oakley wants you to “be who you are”
Oakley has launched a new campaign, “Be Who You Are,” a short film featuring a slew of sporting superstars such as Oksana Masters, Patrick Mahomes, Francisco Lindor, Pauline Ferrand-Prevot and Nigel Sylvester alongside everyday athletes. It is narrated by a chef and celebrated rapper turned media-mogul, Action Bronson. The film’s ...
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Article
Recreational trends benefit Thule
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) as compared to the same period a year ago, when major ...
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News briefs
Echelon Fitness contemplates financial options
Echelon Fitness, a direct competitor of Peloton Interactive in the connected home fitness market, is evaluating new options to raise its valuation, according to Bloomberg, as its revenues are expected to more than double this year after rising by about 500 percent in 2020 to around $100 million. The options ...
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ArticleOpinion: Jochen Schäfer on the new distribution rules for the EU - A Game Changer or Not?
A guest article by Jochen Schaefer: As already reported by SGI Europe on July 13, 2021, the EU Commission has published a first draft of the revised EU Vertical Block Exemption Regulation 2022 (“VBER 2022”) accompanied by a comprehensive 92-page draft set of guidelines on vertical restraints (“Guidelines 2022”), triggering ...
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Article
Shenzhou and Eagle Nice slow output in Vietnam
Pou Chen and Kingmaker Footwear are shutting down their shoe factories in Vietnam, as previously reported, and we now hear about the shutdown of at least another local shoe producer, Chang Shin Vietnam Co. Meanwhile a couple of important producers of sports apparel are doing the same as the Covid-19 ...
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News briefs
Moscow represents one-third of Russia’s sporting goods exports, driven by outdoor
In 2020, Moscow exported sporting goods for $17.06 million, accounting for nearly a third of Russia’s overall exports of such products, said Vladimir Efimov, deputy mayor of Moscow, in a recent press conference. Outdoor products represented 33.5 percent of the total export turnover, he said, while adding that deliveries of ...
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News briefs
Sony sues Gymshark for misuse of songs
Sony Music has filed suit against Gymshark in the U.S. federal court for Central California for copyright infringement in its social media campaigns. Its complaint states that the British DTC brand of fitness apparel, which recently set up an office for the U.S., “misappropriated hundreds of the most popular and ...
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News briefs
Electric partners with Volcom in Europe
Liberated Brands Europe, an entity affiliated with Volcom Europe, is partnering with Electric for the distribution of the Californian sport and lifestyle eyewear brand in Europe. The agreement includes the wholesale distribution of Electric’s goggles and sunglasses as well as its e-commerce and marketing operations. The eyewear brand, which is ...
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News briefs
Decathlon launches Tennis eSports at flagship store in London
Until Thursday Sept. 30, the Decathlon store in London Surrey Quays will present the world premiere of Tennis eSports, in partnership with VR Motion Learning. Customers will have a chance to play realistic virtual reality (VR) tennis in the 300-square-meter space that the store has specially devoted to the experience. ...
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News briefs
GK Elite will outfit Team USA gymnasts at Tokyo 2020
GK Elite apparel will be worn by Team USA gymnasts on-mat at the Tokyo 2020 Olympics through the brand’s official apparel sponsorship of USA Gymnastics, the national governing body for the sport in the U.S. GK has been the manufacturer of previous Olympic Games garments, but Tokyo will mark the ...
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News briefs
Ecco USA's president retires
Dave Quel will retire at the end of the month as president of Ecco USA. Klaus Flock, the chief financial officer of Ecco USA, will take over the job on an interim basis on Aug. 1 until a permanent replacement is appointed. Quel joined the company in 1999 as territory ...
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Article
Stella’s Q2 sales rise by 58.1%
The revenues of Stella International, the Chinese footwear group based in Hong Kong, rose by 58.1 percent to $392.1 million in the second quarter of 2021 from $248.0 million a year earlier, when the company’s sales were negatively impacted by the outbreak of the Covid-19 pandemic. The top line, however, ...
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News briefs
Decathlon becomes an official partner of Paris 2024
Decathlon has signed up as an official partner of the Paris 2024 Olympic and Paralympic Games. The leading French sporting goods retail chain will kit out the 45,000 volunteers who are expected to work at the Games in the French capital. The volunteers will wear eco-designed uniforms, specially created for ...
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News briefs
Italy’s win at Euro 2020 to benefit the country’s economy and Puma
According to an analysis by Brand Finance, Italy’s win at the UEFA Euro 2020 this month is projected to benefit the Italian GDP by €4 billion in the short-term. The team’s technical sponsor, Puma, is also likely to be a winner. The French men’s national team went into the 2018 ...
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Short stops
July 17/19 Short Stops: Fanatics – FIFA - Frasers - Jack Wolfskin – JD Sports Fashion – Jordan - Macron - Masks – Nike – North Sails - Puma - PwC/U.K. - Uighurs
Corporate: +++ In a regulatory announcement, JD Sports Fashion reports that Peter Cowgill, executive chairman of the group, has bought 50,000 shares in the company, raising its total holdings to 3,942,934 shares representing 0.4% of its capital (and carrying a value of £34.09 million) ...
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News briefs
Lotto and Zara partner on capsule collection
Lotto and Zara have joined forces to create a capsule collection that combines the aesthetics from the ’60s with sportswear and contemporary elements. The limited-edition range comprises dresses, tops, shorts, shoes and accessories. The Lotto x Zara capsule collection is available online and at the Spanish retailer’s 2,200 stores worldwide. ...
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News briefs
Signa Group company places a green bond
Signa Development Selection (SDS), a real estate investment company that belongs to Signa Holding, has successfully issued its first green bond. The €300 million bond carries a five-year maturity and a coupon of 5.50 percent a year. Placed with mainly European institutional investor, it was significantly oversubscribed, and 100 percent ...
