All Sporting Goods Intelligence articles in Volume 32, Issue 33+34 – Page 3
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Short stops
Aug. 12/13 Short Stops: Aqualung - Aviron - Compass Diversified - EFTTEX - Head - Ironman - Macron - Nike - Rottefella/Madshus/Salomon/Atomic - Seirus/Columbia - Whoop
Corporate: +++ Compass Diversified has filed a confidential registration statement with the U.S. Securities & Exchange Commission for a stock market flotation of its tactical apparel brand, 5.11 Tactical +++ Aviron, a 3-year-old firm whose rowing machine uses a gaming platform for creative workouts, has raised $4.5 million ...
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Article
Yue Yuen raises sales and margins, shifting to higher-end products
Shifting to higher-end products, the world’s largest shoe manufacturer managed to raise the average selling price of the products made at its factories by 6.5 percent to $18.37 per pairs in the first half of 2021. This helped Yue Yuen Industrial (Holdings) to expand the gross margin of its footwear ...
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Article
Asics strides forward, especially in Europe
Asics reported higher sales and operating income in several key regions for the second quarter of 2021. The progress was led by Europe, where revenues increased by 56 percent in Japanese yen, followed by increases of 51 percent in North America as well as Greater China as compared to the ...
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News briefs
Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000%. It will use the proceeds to redeem all its outstanding 6.375% notes due in 2026 and 5.000% notes due in 2026. The group said it ...
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News briefs
New Balance partners with The Renewal Workshop for a New Balance Renewed program
New Balance has teamed up with The Renewal Workshop (TRW), a provider of circular solutions for the apparel and textile industry, to create New Balance Renewed. The new collaborative program is designed to give a second life to New Balance’s apparel, helping to keep it out of landfills. New Balance ...
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News briefs
Naomi Osaka teams up with an artist on co-designed Yonex tennis products
Naomi Osaka has collaborated with an influential Japanese artist, Takashi Murakami, to co-design a limited-edition Yonex tennis racquet and the accompanying bag. Osaka and Murakami have re-imagined the silhouette of the Ezone racquet, decorating it with the artist’s signature cherry blossom motif atop a white base. The player’s name, “Naomi,” ...
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News briefs
Adidas inaugurates first Tech Hub office in India
Adidas has launched the Adidas India Tech Hub office in Gurugram (or Gurgaon), a city just southwest of New Delhi that is known as a financial and technology hub. The office was officially inaugurated on Aug. 9. The Indian Tech Hub will be home to the local marketing organization and ...
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News briefs
Reef introduces €130 eco-friendly sandal
Reef is launching the Paipo, a sandal made from wood and full-grain leather, which the brand has called its “most upscale offering ever.” The sandal, which is sold at a price of €130, is indeed “designed and built to be the most luxurious sandal possible,” as the brand describes it ...
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Article
Goldwin confirms outlook as Q1 sales grow 40%
Goldwin reported revenues of ¥17,078 million (€131.8m-$154.7m) in the first quarter of its financial year, up by 40.0 percent on the year earlier, and confirmed its outlook for 10.5 percent sales growth for the full year. For the three months ended June 30, the Japanese company also reported an operating ...
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News briefs
Digital drives loss-making Beachbody
In its first financial release since it went public, The Beachbody Company reported revenues of $223.1 million for the second quarter that were just 2 percent higher than in the year-ago period, but 21 percent higher than in the corresponding period of 2019. As compared to a year ago, digital ...
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Article
Descente lifts profit outlook as sales, profits rebound in Q1
Descente raised its guidance for full year profits and maintained its outlook for sales after staging a strong recovery in the top and bottom lines in the first quarter ended June 30. As sporting events resumed, the Japanese sportswear company’s sales increased in the quarter by 44.5 percent to ¥22,481 ...
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News briefsBrooke Farris becomes Rip Curl’s CEO
Kathmandu Holdings has announced that Brooke Farris will assume the position of CEO of Rip Curl, effective Aug. 16, 2021. The appointment follows the previously announced promotion of Michael Daly, who has headed up Rip Curl for 19 years, to CEO and managing director of the whole group. In her ...
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ArticleAdidas sells Reebok to ABG for up to €2.1bn
Adidas announced on Aug. 12 that it has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first ...
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ArticleCanada Goose sees sales double in Q1
Canada Goose said it is on track to meet its target for 2022 revenues of over 1 billion Canadian dollars (€681.0m-$799.1m), as its sales doubled in the fiscal first quarter ended June 30 to C$56.3 million (€38.3m-$45.0m) from $26.1 million the year earlier amid significant growth in all geographic regions. ...
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News briefsHelly Hansen and Musto grew by 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to C$95.1 million (€64.7m-$76m), up from C$64.7 million in the comparable period ...
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News briefs
UKactive and Sport England launch digital strategy for the fitness sector
UKactive has announced the launch of its Digital Futures strategy, in partnership with Sport England, to improve the digital processes used by fitness and leisure operators. The strategy will support them with the latest benchmarking tools, providing guidance and insight to modernize and grow. Digital Futures is part of UKactive’s ...
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News briefs
Athletes to launch clothing collections on BlueChip platform
BlueChip Holdings has launched a platform that allows famous athletes to connect with their fans and build their own brands. As part of the platform, athletes will release personal clothing collections. Each athlete will work with BlueChip designers to curate the logo and brand that best express their unique personality ...
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News briefs
Sequential sells two more brands
After reporting the sale of its DVS brand of skate shoes to Elan Polo, the struggling Sequential Brands Group has announced the sale of Ellen Tracy for $17 million and Caribbean Joe for $3 million. The buyer is the GMA Group, which owns Capelli New York and other brands. SBG ...
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News briefs
Messi’s departure from Barça could shave the club’s brand value by 11%
Brand Finance, the international brand valuation and strategy consultancy headquartered in London, said that Lionel Messi’s departure could decrease FC Barcelona’s brand value by 11 percent. This means that the departure of the Argentinean star could cost the club €137 million off its 2021 valuation of €1,266 million. Barcelona ranks ...
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News briefs
Crocs completes new $350m bond issue
Crocs said it completed on Aug. 10 the issuance and sale of $350 million worth of senior notes carrying annual interest of 4.125 percent and due to mature on Aug. 15, 2031. They will be used for share buybacks and general corporate purposes. The notes were purchased by several institutional ...
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