All Sporting Goods Intelligence articles in Volume 32, Issue 33+34
View all stories from this issue.
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News briefs
Vietnamese manufacturers react to the spreading virus
More than 1,000 companies operating in various sectors in the Ho Chi Minh City (HCMC) region have managed to keep most of their workers on site, accommodating them in their factories or transporting them from hotels and other lodgings, to help avoid a shutdown of their operations due to the ...
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Short stops
Aug. 19 Short Stops: Asos – Commonwealth Games – Ecco - Hyperice - Nike – New Balance – Olympics - Wilson
Management: +++ Adam Crozier, the former joint CEO of Saatchi & Saatchi who led the English Football Association between 2000 and 2002, will step down on Nov. 28 as chairman of Asos after three years to become the chairman of the British Telecom Group +++ Sunni Fleming, who ...
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ArticleWHP Global buys the Lotto brand, licenses it back to LSI
WHP Global, a New York-based brand management company, has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia (LSI), which will continue to manage the brand in Italy and the rest of the EMEA region as a licensee under the leadership of its long-time CEO, ...
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News briefs
Lululemon invests in Genomatica for plant-based nylon
Lululemon has made an unspecified investment in Genomatica to help develop renewably sourced and bio-based material for its own product line. They plan to create plant-based nylon to replace synthetic nylon, using biotechnology and fermentation to convert plant-based ingredients into chemical building blocks, like those used to make nylon, that ...
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News briefs
Yonex’ sales nearly double
Yonex turned around to a net profit of 948 million yen (€7.4m-$8.7m) in its first quarter ended June 30 from a loss of ¥1,279 million in the year-ago period as its sales nearly doubled to ¥16,179 million (€126.0m-$147.9m). They almost tripled in Japan and expanded by 61 percent in the ...
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News briefs
Sumitomo’s sports revenues more than double
Sales grew by 225 percent to ¥28.1 billion (€220m-$257m) during the second quarter ended June 30 for the sports division of Sumitomo Rubber, which includes the Dunlop, Srixon and XXIO brands of tennis and golf products. The higher revenues led the division to post a profit of ¥3,050 million (€23.7m-$27.9m) ...
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News briefs
Globeride performs better than in 2019
Globeride, the Japanese company behind the Daiwa brand of fishing and golf products, saw a more than eightfold increase in its net income to 3,953 million yen (€30.8m-$36.1m) for its first fiscal quarter ended June 30, compared with ¥488 million last year, on a 62 percent jump in revenues to ...
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News briefs
New Balance sues Michael Kors over allegedly similar “N” mark
New Balance has filed a trademark infringement lawsuit against Michael Kors, claiming that two models of its sneakers use an “N” in their design that is “confusingly similar” to the iconic “N” in New Balance footwear. New Balance specifically targeted Michael Kors’ Olympia and Pippin shoe collections. The case was ...
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News briefs
Pale Fire Capital invests US$6 million in Rouvy
Pale Fire Capital, a private equity firm based in Prague, has acquired a major stake in VirtualTraining, the Czech company behind the Rouvy indoor cycling and running software application. The deal is expected to close by the end of September. The new investment is meant to help Rouvy surpass the ...
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News briefs
Nike signs Leroy Sané for new underwear campaign
Leroy Sané, the well-known player of the Bayern Munich football club and the national German football team, is the new face and body of Nike’s new Move to Zero line of underwear and the accompanying autumn 2021 campaign. The Move to Zero collection, which is part of Nike’s sustainability program, ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 33+34
Adidas sells Reebok to ABG | WHP Global buys the Lotto brand | Asics grows strongly in Europe | Fanatics is valued at $18bn | Slinger Bag gets new funding | Fogliato will run Salomon | Small market drop in Norway | Strong golf market boosts Callaway | Yue Yuen goes higher-end | Tennis is on the rise | More details on ISPO Munich
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News briefs
Padel Nuestro opens its first store in Belgium
Padel Nuestro has inaugurated a store in Kalmthout, in the Belgian province of Antwerp. It is the Spanish retailer’s first point of sale in Belgium. It is an “Express” store, like the one that the chain has in Rome. These stores are located within padel clubs and have smaller inventories ...
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News briefs
Spain’s Mundo Fitness posted record sales ahead of a merger
According to CMDsport, Mundo Fitness Europe posted record annual sales for 2020 of €12.78 million ahead of its merger with another company, exceeding the previous year’s sales by 138 percent. Net profits of €1,004,436 were up year-on-year by 2.5 percent. The Spanish-based retailer specializing in fitness equipment operates chiefly through ...
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Article
Global participation in tennis is on the rise
The International Tennis Federation (ITF) has just released the “ITF Global Tennis Report 2021,” which shows a positive outlook for tennis compared to the 2019 report, despite the challenges of the Covid-19 pandemic. The 2021 report indicates that there are now more than 87.2 million players in the 41 nations ...
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News briefs
Physical activity helps kids to prevent the long-term effects of heavy digital media use on their weight
Obesity, which is partly connected with the time spent using digital media, typically in sedentary mode, has exponentially increased among young people in recent decades. A heavy use of digital media during childhood is associated with a risk of being overweight at a later stage, as shown through a new ...
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News briefs
Connected gym equipment market to see 27% CAGR through 2025
The global connected gym equipment market is expected to register a compound annual growth rate (CAGR) of nearly 27 percent during 2021-2025, marking an incremental growth of $11.12 billion during the period, according to a new report by Technavio. The market is fragmented and the degree of fragmentation is expected ...
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Article
Small Q2 drop in an expanded Norwegian market
After registering a jump of 24.97 percent in the first quarter, due especially to very good weather conditions, the major sporting goods retail chains booked a drop of 3.93 percent in the second quarter as compared to the same period of last year, due in part to store closures. Many ...
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Short stops
Aug. 16/18 Short Stops: Adidas – Bundesliga - Canada Goose - Champion - FIFA – Giorgio Armani - Hyperice - Peloton - Puma – Under Armour
Corporate: +++ Canada Goose launches a share buyback program for up to 5.94 million subordinate voting shares, which will subsequently be cancelled Management: +++ Under Armour’s board of directors welcomes a new member, David Gibbs, who runs Yum! Brands, the company that oversees more than 51,000 ...
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News briefs
Decathlon Australia fined over incorrect safety warning labels
The Australian branch of Decathlon has been fined A$1.5 million (€928,000) by Federal Court Justice John Nicolas for selling portable pools and basketball hoops that failed to comply with Australian safety standards between 2016 and 2019. The warning labels were either too small or lacking the mandatory wording: “Children have ...
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Article
Bogner closes 2020/21 financial year “well above plan”
Bogner suffered considerable losses in terms of sales during the financial year ended on March 31, but it made higher profits. Revenues of €122.5 million for the year fell short of the previous year’s level by almost 25 percent, due to the closure of retail stores because of Covid. On ...
