All Sporting Goods Intelligence articles in Volume 32, Issue 33+34 – Page 4
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ArticleSlinger Bag raises new funding to become a major connected sports firm
Slinger Bag, the recently founded supplier of portable tennis ball launchers, reports an oversubscribed round of financing through a private placement of $11 million, giving it a valuation of around $220 million. The new fudning is intended to support its vision to become “a leading connected sports company” with key ...
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ArticleDiversifying into a “one-stop sport shop,” Fanatics is valued at $18 bn in new funding
Fanatics has raised $325 million in a new round of funding that gave it a valuation of $18 billion. The previous round, which took place in March, brought in $350 million and raised the American company’s valuation to $12.8 billion. Fanatics had enjoyed a 20 percent rise in annual revenues ...
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ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
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News briefs
Diadora grows strongly in the U.S.
Diadora is projecting growth in the mid-teens for this year. In 2020, the pandemic led the Italian brand to a decline in consolidated revenues to €138 million from €168 million in 2019. Sales are on the rise particularly in the U.S. and the Benelux countries. In the U.S., Diadora expects ...
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News briefs
German webshop content provider sportshop.cloud acquired by Fashion Cloud
“Content is king,” says the homepage of sportshop.cloud, a Bavarian start-up that helps more than 500 sports and outdoor brands to collect, process and provide product data, text and content ready to use in their B2B websites. Operated by Zandy Media, which was only founded in February 2019, sportshop.cloud has ...
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ArticleMizuno’s Q1 sales rise 49.6%, nearly doubling in EMEA
Mizuno Corp. reported revenues of ¥42.9 billion (€331.1m-$387.9m) in the first quarter of its financial year, ended June 30, an increase of 49.6 percent on the year earlier as the company’s business recovered after taking a hit due to the Covid-19 pandemic. Golf clubs and running shoes showed strong growth, ...
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Article
Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported revenues from continuing operations of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth in international markets, the continued expansion ...
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Short stops
Aug. 10 Short Stops: Brooks - Frasers – Nautilus - Puma – Under Armour
Corporate: +++ Frasers Group has commenced a new share buyback program involving a maximum of 8 million shares in order to reduce the share capital of the company Management: +++ Nautilus has ired a new chief legal officer, Alan Chan, and promoted Sarah Jones to principal ...
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News briefs
New company applies Polygiene-owned additive to golf implements
Two golfers in the U.K. have founded a company called Global Golf Safety (GGS) to help prevent the total shutdown of golf courses over Covid-19. Their method is to apply a antimicrobial additive called Biomaster to certain parts of golf implements, or “multi-grip time-delayed touchpoint products.” Courses in the U.K. ...
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ArticleNautilus’ sales jump 62%, but chip shortage looms
Nautilus, which recently moved the end of its fiscal year to March 31, reported sales of $184.6 million in the first quarter ended June 30, up by 61.7 percent on the year earlier, as sales growth was driven by continued demand for connected fitness bikes and treadmills and “robust” sales ...
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News briefs
U.S. start-up launches battery-heated clothing
H.E.A.T. (Heated Electronic Active Technology), a start-up based in Great Falls, Montana, has launched a new line of technologically advanced heated clothing that is said to have the potential to revolutionize the winter apparel industry. The H.E.A.T. One-Layer smart system combines advanced textiles, smartphone technology and customized, ergonomically correct batteries. ...
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News briefs
WFSGI and sports brands partnered with the IOC on solidarity effort to supply uniforms at the Tokyo Games
More than 500 athletes who competed at the Tokyo 2020 Games this summer received competition uniforms through the National Olympic Committee (NOC) Competition Uniform Support Program, thanks to a collaboration between the International Olympic Committee (IOC), the World Federation of the Sporting Goods Industry (WFSGI) and some of the world’s ...
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ArticleCallaway’s sales are boosted by Topgolf and a strong golf market
Thanks in part to the addition for the first time of Topgolf, whose revenues nearly doubled, the revenues of Callaway Golf surged by 208 percent to $914 million in the second quarter ended June 30 as compared to a year earlier, when Covid-19 restrictions and shutdowns had a significant impact. ...
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ArticleMore details on consumer integration at ISPO Munich
After providing some initial information about ISPO Munich’s new concept in passing during a webinar in July – including plans to partially open the show to consumers – Messe München finally gave more details about the event, set for Jan. 23-26, 2022, in an official press release. The new ...
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News briefs
Amazon and GoPro file lawsuit against alleged counterfeiters of camera accessories
Amazon and GoPro issued a jointly filed lawsuit on Aug. 9 against seven individuals and two companies for alleged counterfeiting of popular GoPro camera accessories, including “The Handler” floating grip and “3-Way” grip, extension arm and tripod mount. The defendants attempted to offer the counterfeit products on the Amazon store ...
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ArticleDiving turns around at Johnson Outdoors
Johnson Outdoors reported a rise in third-quarter sales and profits, driven by a continued recovery in fishing, camping and water recreation. At the same time, diving showed signs of a turnaround as Covid-19 travel restrictions were further eased. The diving segment’s revenues almost doubled from a year ago, rising ...
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News briefs
Former Adidas executive petitions U.S. Supreme Court
James Gatto, the former U.S. marketing executive of Adidas accused of making payments to collegiate athletes and their families to win them over for sponsorships, has petitioned the U.S. Supreme Court to reverse his 2018 conviction for wire fraud. Earlier this year, an Appeals Court had upheld the guilty verdict ...
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ArticleAmer names Fogliato as Salomon’s president and CEO
Amer Sports has found a new and experienced executive with an excellent background in the sporting goods industry, Franco Fogliato, to head up Salomon as president and CEO. He will take on the responsibily by March 15, 2022, at the latest. Columbia Sportswear announced a few days ago that Fogliato ...
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