All Sporting Goods Intelligence articles in Volume 32, Issue 31+32 – Page 4
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News briefs
Fila signs up tennis rising star Robin Montgomery
Fila has announced the signing of Robin Montgomery, one of the most promising American tennis players. Montgomery, who is only 16 years old, has worn the Fila brand on-court since 2015 but with the company’s announcement, she officially joined the Fila’s elite roster of sponsored Women’s Tennis Association (WTA) and ...
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News briefs
Twitter tests an e-commerce feature for brands
Twitter has announced that it is beginning to allow businesses to add a shopping section at the top of their profile page. The “Shop Module” pilot has started with a dozen brands in the U.S. By tapping a product, the consumer reaches a listing with the option of making a ...
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ArticleBasicNet posts double-digit sales increases in H1, approves multi-voting rights for longterm shareholders
BasicNet, the parent company of Kappa, Superga, Sebago, K-Way, Briko and other brands, has reported aggregated wholesale-equivalent sales of group products of €443 million in the first half of 2021, representing a 20.5 percent increase as compared to the same period last year. The figure includes commercial licensees’ sales of ...
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News briefsAquafil launches consumer e-shop for Econyl products
Aquafil is reaching out to consumers: the Italian yarn supplier has just launched an Econyl e-shop platform, where – for the first time – customers can buy a range of sports, lifestyle and fashion products made from the company’s regenerated nylon Econyl directly in one place. According to Aquafil, the ...
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News briefsMarkus Dirr appointed executive director product marketing and sales at Messe München
Source: Messe München Markus Dirr Just in time for the restart of the trade show season, ISPO organizer Messe München has established a new central division, “Product Marketing and Sales.” The newly structured unit is to bring together the marketing and sales competencies of the two disciplines ...
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News briefs
Fabletics launches a resale program in the U.S.
Fabletics, the workout apparel brand, announced it will enter resale in the U.S. as part of its broader strategy to become more environmentally conscious. Last year, Fabletics implemented carbon neutrality in all of its stores, replaced plastic shipping bags with bags made from recycled materials, and released an environmentally conscious ...
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News briefs
GBG USA files for bankruptcy
Global Brands Group’s U.S. subsidiary, GBG USA Inc., and 10 related businesses have filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, citing assets and liabilities ranging from $1 billion to $10 billion. The group’s global brand management and European wholesale businesses ...
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ArticleHoka drives Deckers’ growth in Q1, overtaking Ugg
Deckers Brands reported a first-quarter revenue increase of 78.2 percent to $504.7 million, leading to net earnings of $51.5 million against a loss of $6.9 million for the same period of last year. The company has raised its outlook and now expects net earnings of around $415 million for the ...
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News briefsS&P rates Decathlon A-2
S&P gave Decathlon a short-term issuer rating of A-2 because the French retailer’s performance exceeded the rating agency’s 2020 expectations. S&P was also pleased with the apparent recovery in the Decathlon’s chief markets, thanks to relaxed lockdowns, and with management’s preservation of cash and protection of credit metrics. Decathlon’s sales ...
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News briefsColumbia publishes 2020 sustainability report
In its 2020 sustainability report, Portland-based Columbia Sportswear Company (CSC) reveals details on the success made within its four brands Columbia, Mountain Hardwear, Sorel and Prana in terms of CSR topics and sustainability. The group responded to the challenges by Covid-19 with a “Catastrophic Paid Leave” in the U.S. and ...
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News briefsCompanies still want in-person trade shows, new survey suggests
Companies appreciated and approved the additional benefits offered by hybrid trade show formats during the pandemic but still want to participate in physical trade fairs. Among the respondents in a new survey conducted by Messe Frankfurt, 97 percent said that in-person events are essential components of trade fairs, including 67 ...
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News briefs
Garmin partners with Intermap on innovative golf applications
Garmin has signed a worldwide multi-year joint development agreement with Intermap Technologies, a company specializing in geospatial content development and intelligence solutions, headquartered in Denver, Colorado. Intermap’s proprietary 3D, high-resolution NEXTMap Digital Terrain Model (DTM) will enable Garmin to deliver precise terrain information for 42,000 golf courses around the world. ...
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News briefs
On opens a performance lab in London
On, the Swiss performance brand, has announced the opening of its London Performance Running Lab. The pop-up space, located at London’s Shoreditch’s Protein Studios, will be open to the public from Aug. 5 to Aug. 30. The technology-driven lab is designed to enrich the customer experience with the brand’s latest ...
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News briefs
Assosport expects Tokyo 2020 to boost Italy-Japan trade, despite the pandemic
Assosport, the Italian sporting goods industry association, has emphasized the importance of the Games for the industry, despite the restrictions due to the Covid-19 pandemic, notably the absence of spectators at the events. The Olympics nevertheless provide a special showcase for companies to present their products to the rest of ...
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News briefsFIS releases World Snow Day 2021 report
To better understand World Snow Day 2021, which was severely affected by the Covid-19 pandemic, the International Ski Federation (FIS), as the organizer, has released its final report detailing all aspects of the event, including details about the 110 events in 33 countries and their participants, the impact of communications, ...
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News briefsAthleta launches new interactive wellness platform
Athleta, currently the best-performing brand in the Gap Inc. portfolio, has launched AthletaWell, a new online platform designed to build loyalty, engagement and a female community. In its marketing mission, the San Francisco-based company sees itself as a brand with a mission of empowering women and girls. The new platform ...
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ArticleGfK observes more reluctant consumer behavior in Germany
In its latest consumer survey for Germany, GfK has identified more cautious behavior among German consumers. Both economic and income expectations show moderate declines – caused by a noticeable increase in prices and inflation and by once again rising Covid-19 infection rates. However, the propensity to buy is likely to ...
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News briefs
Nike signs NBA rookie Cade Cunningham ahead of NBA draft
Twenty-year-old basketball player Cade Cunningham, a dynamic 2.03-meter point guard who completed his freshman season as Big 12 Player of the Year and a consensus All-American, will sign a multi-year contract with Nike for footwear and apparel according to ESPN’s Adrian Wojnarowski. The Nike deal is expected to be the ...
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News briefs
Diffusion Sport is holding a sports industry congress
Diffusion Sport is organizing a congress, called Sport Forum, for professionals in the sporting sector. The first edition is scheduled for Oct. 20-21 at the International Convention Center in Barcelona, Spain. It will form part of the Plataforma de Negocio event, a gathering of professionals in the security, customer experience, ...
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ArticleGarmin posts strong growth in all segments and regions in Q2
Garmin reported total revenues of $1.33 billion for the 13-week period ended June 26, which represents a 53 percent increase over the same quarter in 2020, with to double-digit growth in all segments. Net income of $317 million more than doubled from $184 million in the second quarter of 2020. ...
