All Sporting Goods Intelligence articles in Volume 32, Issue 31+32 – Page 2
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News briefs
Paris 2024 and Milano Cortina 2026 sign collaboration agreement
The Organizing Committees for the Paris 2024 Olympic and Paralympic Summer Games and the Milano Cortina 2026 Olympic and Paralympic Winter Games have announced a collaboration agreement aimed at encouraging joint initiatives and activities toward more sustainable and innovative Games in 2024 and 2026. The agreement was signed by Paris ...
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News briefs
Franco Fogliato leaves Columbia
Columbia Sportswear announced that Franco Fogliato, executive vice president of global omnichannel since Nov. 2020 and executive VP and general manager for the Americas since 2017, has informed the company of his intention to leave after a short transition period ending Sept. 3, 2021. Fogliato joined the group in 2013 ...
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Article
Sports Direct’s parent sees sales fall, new Covid restrictions likely
Frasers Group – the parent company of Sports Direct and other retail chains – reported mixed results as sales declined in all its segments except Premium Lifestyle for the fiscal year ended April 25, noting that it was marked by about six months of temporary closures for virtually all its ...
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Article
Ashley passing CEO role at Frasers to his daughter’s fiancée
Michael James Wallace Ashley, who founded the company now called Frasers Group in 1982 and owns 64 percent of its shares, is planning to hand over the position of CEO to Michael Murray on May 1, 2022, after the end of the company’s current financial year. A statement from the ...
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ArticleAdidas takes hit in China but raises guidance after a strong Q2
Adidas raised its guidance for full-year sales and earnings as revenue growth continued to accelerate in the second quarter despite the impact of Covid-19 lockdowns in the Asia-Pacific region, industry-wide supply chain challenges and the geopolitical situation. The more optimistic view came even though the company’s sales in China took ...
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News briefs
Puma announces Dixie D’Amelio as a new brand ambassador
Puma has announced Dixie D’Amelio as the brand’s newest women’s ambassador. The American social media star and music artist will be featured globally in various campaigns, including Puma’s latest women’s platform, “She Moves Us,” which celebrates women who move together to achieve and connect through fashion, community and sport. The ...
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News briefs
Adidas launches the ZX Primeblue golf shoe
Adidas Golf has introduced the ZX Primeblue shoe, worn by the new Olympic golf gold medal winner, Xander Schauffele. The shoe’s textile upper is made with yarns containing at least 50 percent Parley Ocean Plastic intercepted on beaches, remote islands, coastal communities and shorelines, preventing it from polluting the oceans. ...
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News briefs
New head for Adidas North America
Rupert Campbell, a 54-year-old British national who has been running Adidas’ operations in Russia and the CIS countries since 2018, is set to succeed Zion Amstrong as president of Adidas North America from next Jan. 1, reporting to Roland Auschel, executive board member in charge of global sales. Adidas’ CEO, ...
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News briefs
Bauer Hockey acquires a skate sharpening firm
Bauer Hockey has announced its takeover of ProSharp, a skate sharpening and profiling company based in Sundsvall, Sweden. Founded in 1984, ProSharp is a partner of the Swedish Ice Hockey Association, among others, and is trusted by hockey players in the National Hockey League (NHL) as well as national teams ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleAlibaba’s revenues rise by 34% but miss expectations
The Alibaba Group posted revenues of 205.7 billion yuan renmimbi (€26.9bn-$31.9bn) in the first quarter of its financial year, ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the ...
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Article
Amazon’s sales growth is slowing down
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior-year quarter - a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding a $2.5 billion favorable impact from changes in ...
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News briefs
Iconix redeems its notes while merging with Lancer
The Iconix Brand Group has announced the full redemption of its outstanding 5.75 percent convertible senior notes, which were due in 2023, at their initial aggregate price of $125 million plus accrued interest, in connection with its planned merger with Lancer Capital on Aug. 4. The announcement coincided with the ...
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News briefs
Slinger Bag expands to China
After striking an agreement with another distributor for Hong Kong and Macau, Slinger Bag has clinched a deal with Powerway Sports to be its exclusive distributor in Mainland China for the next five years. Founded in 1999, Powersports has offices in Shanghai and Xiamen. It has an extensive experience in ...
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News briefs
TAF in line for sales of $500m this year
Announcing the closing of the transaction for the planned sale of The Athlete’s Foot to the Arklyz Group, Intersport International Corp. says the lifestyle footwear chain’s franchisees around the world raised its sales by more than 40 percent in the first half of this year. Param Singh, owner and CEO ...
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Short stops
Aug. 2/4 Short Stops – Compass Diversified – Meditec - Rapha –Sports Direct – Taipei Cycle Show - TITAS - Topgolf
Corporate: +++ Meditec, a Tunisian-based manufacturer of snowboards, skis, kiteboards and wakeboards made with composite materials, has been acquired by the Paris-based La Soie Group, allowing Meditec to increase its production capacity and further expand and support its existing R&D efforts +++ Compass Diversified has completed the planned ...
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ArticleEarly end to industry lockdown in Bangladesh, new concerns over floods and China
We have started to hear reports of “panic buying” by various apparel companies that are sourcing finished products and materials such as elastane from Chinese suppliers as the new delta variant of the Covid-19 epidemic has started to cause some localized factory shutdowns in Beijing and at least four other ...
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News briefs
Federal authority confirms re-transfer of shares to Intersport Austria
The relevant authorities have approved the terms for the planned transfer of the shares in the Intersport Austria cooperative from Intersport Germany to the retail members of the Austrian buying group. Technically, the shares will be sold to a newly founded company, Premiumsport Service, based at Intersport Austria’s headquarters in ...
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News briefsThe European outdoor market fell by 9.5% at wholesale in 2020
The Covid-19 pandemic led to a 9.5 percent decline to €5.8 billion in sales of outdoor products by vendors in Europe, according to the annual State of Trade (SoT) market research report compiled by the European Outdoor Group (EOG). In terms of value, the most affected subcategories were backpacks and ...
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Article
The Swedish sports market grew by 4.5% in Q2, driven by e-commerce
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