All Sporting Goods Intelligence articles in Volume 32, Issue 31+32 – Page 3
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News briefs
Decathlon is the leader of the web in Spain
With 18.6 million average visits per month, Decathlon is the most visited online retail platform for sports and fashion products in Spain, according to data from SEMRush. The number of online monthly visits on its Spanish website jumped by 22.2 percent in the last year alone, because of the pandemic. ...
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Article
Sportmaster tests a Russian robot in its stores
Sportmaster, the leading sporting goods retailer in Russia, has successfully tested a prototype of a robotic merchandiser developed by a Russian scientific group, FIOP Rusnano. The tests were carried out by R2 Robotics, a startup belonging to the state-owned Rusnano Group. R2 Robotics’ robot merchandiser receives information to move around ...
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ArticleUnder Armour raises guidance again after a better-than-expected Q2
Under Armour raised its previous guidance for the full financial year while reporting better-than-expected results for the second quarter. Sales increased by 91 percent from the year-earlier quarter to $1,352 million, comfortably exceeding an analyst consensus for a top line of about $1,200 million. They were up by 85 percent ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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ArticleMoving into women’s activewear, Wolverine buys Sweaty Betty
Treading into interesting and promising new territory, Wolverine Worldwide unveiled its acquisition of Sweaty Betty, a fast-growing U.K.-based brand of women’s fitness and lifestyle apparel that was going to develop a collaboration with Merrell in the area of footwear. The all-cash transaction was closed on Aug. 2, giving the business ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...
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News briefs
Moncler inaugurates new flagship store in Beverly Hills
The Moncler boutique in Los Angeles has relocated to a new space with a new design in Beverly Hills, at 340 N Rodeo Drive. The new boutique, officially inaugurated on July 29, spans over two floors. One floor showcases a wide array of Moncler’s collections while the second floor features ...
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News briefs
Puma launches the ProAdapt Delta Mid golf shoe
Puma has introduced the ProAdapt Delta Mid, designed and developed in partnership with the American pro golfer Rickie Fowler. The ProAdapt Delta Mid is a full-grain leather shoe with a fashion-inspired mid-cut height, built on top of the ProAdapt Delta cleated outsole. The increased collar height is meant to provide ...
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News briefs
Zwift partners with the inaugural triathlon Collins Cup
The Professional Triathletes Organisation (PTO) has named Zwift as the official virtual training and events partner for the inaugural Collins Cup in 2021. The competition, scheduled to take place on Aug. 28 in the X-Bionic Sphere in Šamorín, Slovakia, is a new race format modelled after the Ryder Cup with ...
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News briefs
Unesco backs global observatory for gender equality in sport
The canton of Vaud, the City of Lausanne and the University of Lausanne have been designated by the Swiss Federal Department of Foreign Affairs to ensure the creation of a new Global Observatory for Women, Sport, Physical Education and Physical Activity. The Observatory has been established as an incubating association, ...
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News briefs
Fanatics Brands gets Fair Labor Association accreditation
The board of the Fair Labor Association (FLA) has voted to accredit the social compliance program of Fanatics Brands, the private-label division of Fanatics, which manufactures its products at its own directly operated facilities in Tampa, Florida, Easton, Pennsylvania, and Norman, Oklahoma, sourcing from 94 contracted facilities across 17 countries. ...
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ArticleFoot Locker agrees to buy two chains in the U.S. and Japan
Foot Locker has announced two major acquisitions, one in the U.S. and the other one in Japan, where it is set to acquire Text Trading Company, which owns and licenses the upscale Atmos brand of sneakers and streetwear. It will be paying $360 million and an earnout for the Japanese ...
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News briefs
Decathlon opens its largest African store in Casablanca, opening it up to other brands
Decathlon has opened its 17th store in Morocco in the city of Casablanca. It is also the fourth Decathlon store in Casablanca alone and the French chain’s largest store on the African continent. The new 3,000-square-meter store sells clothing and equipment for more than 60 different sports. It features a ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenues for the three months more than doubled to $2,194 million, compared with ...
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ArticlePuma prioritizes the wholesale channel
As already indicated in a previous profit warning, Puma ended the second quarter of its current fiscal year with a significant increase in sales. Revenue growth was particularly strong in North America, where the brand is gaining shelf space at some wholesale accounts where Nike and other competitors are pulling ...
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ArticleWolverine raises FY outlook again after strong Q2
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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Case StudyHow Ralph Lauren transformed into a data-driven organization reviving brand relevance and driving sales
The historic American apparel brand’s sales revenue has been in decline. But by using data to understand customers better, it has carved out a brighter future.
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News briefs
Craft is offering soccer balls
After entering into a cooperation with the soccer ball factory of Ingo Anderbrügge, a former Bundesliga player of Borussia Dortmund and FC Schalke 04, earlier this year, Craft, the Swedish specialist for functional clothing now also offers its own footballs. The new product category comprises four models in different material ...
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Short stops
July 29/30 Short Stops: Macron - TaylorMade - Under Armour - Dior - Munich - Ukactive - ILM - RLWC2021
Product & Marketing: +++ Macron is replacing Jako as the technical sponsor of Brescia Calcio Femminile, an Italian women’s football team that plays in Serie B, in a new multi-year agreement +++ TaylorMade has announced a new staff equipment contract with Jake Bolton, one of England’s most promising young golf ...
