All Sporting Goods Intelligence articles in Volume 32, Issue 37+38
View all stories from this issue.
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Short stops
Sept. 16 Short Stops: Chamatex/Salomon – Decathlon - Gym & Coffee - Uhlsport
Corporate: +++ Inaugurated on Sept. 16, Chamatex’ new and automated Advanced Shoe Factory 4.0 (ASF 4.0) at Ardoix, in France, plans to make 15,000 pairs of shoes by the end of this year with about 20 workers, starting with the production of a trail running and active hiking shoe ...
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News briefs
Obituary: Steve Ettridge, vice president of global merchandising at New Balance
New Balance has announced the death of Steve Ettridge, after a long and courageous battle with cancer. He was 56 year old, and he had been promoted to the position of vice president of global merchandising in February this year. Ettridge spent 27 years at the Boston-based athletic footwear company, ...
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News briefs
Superdry sees slow recovery
In an update for the four months of its current financial year through Aug. 18, Superdry said that its revenues were up by just 1.9 percent from the year-ago period, and they were still 29.6 percent below the level of the comparable 2019 period. Sales through the company’s own stores ...
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News briefs
Zara launches the Zara Athleticz men’s label
Zara has been selling some sports clothing in the past. This time, the international fast-fashion retailer owned by the Inditex group has decided to launch a full-fledged line of activewear for men under the Zara Athleticz (sic) label, starting on Sept. 30 on its web store and at selected physical ...
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News briefs
Camera subscriptions boost GoPro’s sales and margins
GoPro told investors at the Citi’s Global Technology Virtual Conference that it still hopes to meet projected revenue growth of 30 percent for the second half of this year, although the supply of components still poses a challenge. The growth is coming especially from a shift to direct-to-consumer sales, with ...
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News briefs
Big Callaway shareholder reduces its stake through a public offering
Callaway Golf Co. has announced the start of a public offering of 3,000,000 shares in the company by one of its biggest investors, PEP TG Investments, which will reduce its stake to about 13.7 percent from 15.5 percent if an overallotment of 450,000 shares is exercised. The offering boosted Callaway’s ...
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News briefs
Canada Goose launches an automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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News briefs
Adidas sneaker ties in with the newest Bond film
Adidas will be introducing four Ultraboost sneakers for its 007 collection for the debut of the new James Bond movie, No Time to Die, which will have its global premiere in the U.K. on Sept. 30. To promote them, the German sportswear giant is organizing an augmented reality contest featuring ...
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News briefs
Slinger books a loss on 349% higher sales
Slinger Bag, which has been renamed as just Slinger following its diversification into tennis management and the planned release of AI-driven training technology, has reported a net loss of $3,435,312 for the first quarter ended July 31, up sharply from a loss of $1,374,026 in the year-ago period. Sales jumped ...
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News briefs
Columbia readies launch of Omni Heat Infinity campaign
“There is no such thing as bad weather. There is just bad clothing,” says Haskell Beckham, senior director of innovation at Columbia Sportswear, in a short video for industry professionals to explain the superior warmth retention and breathability properties of its latest technology, Omni Heat Infinity. It has already been ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 37+38
Drop of 8.2% for sports shoes in 2020 | IPO values On at over $9bn | Crocs wants to triple sales | JD raises guidance after record H1 | Sales accelerate at Lululemon | Zalando helps Athleta in Europe | Planetics sells sustainable sports goods | A new CEO for SportScheck | WeSports makes many acquisitions | Adidas doubles minimum orders in Spain | Vietnam extends Covid restrictions
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ArticleOn has become one of the most valuable athletic footwear brands
After only 11 years in existence, On Running has joined other big players in the sporting goods market with its ONON ticker symbol in terms of stock market capitalization. Its parent company, On Holding, started trading on the New York Stock Exchange yesterday at $35 a share, 46 percent above ...
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AnalysisMarket Analysis: The athletic footwear market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global athletic footwear brands including breakdown by region.
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Short stops
Sept. 14/15 Short Stops: 361° - Adidas - Arc’teryx- Brexit – Columbia – Crocs - Deporvillage – Diadora – Helly Hansen – Hoka - Luanvi – Macron - UYN
Management: +++ 361° Europe has appointed a new European marketing manager, Bryce Sage, who worked for Nike and Hi-Tec Sports before spending two and a half years at the European office of Brooks Running DTC & E-Commerce: +++ Arc’teryx is opening a 1,500-sqft Arc’type store in ...
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News briefsAdidas and Stella McCartney featured at the Met Gala
Adidas joined Stella McCartney for this year’s Met Gala for the Metropolitan Museum of Art, which took place in New York City on Sept. 13. The two brands, which have been working together for many years, supplied some spectacular pieces of apparel for the model Ella Emhoff, the former UCLA ...
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ArticleStrong start for On Running on the NYSE
Source: On Running On runs to NYSE. Investors apparently rushed to buy the new Class A shares offered by On Holding and some of its shareholders as they reportedly started trading on the New York Stock Exchange today at around $35 per share, well above a price ...
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ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
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News briefs
Puma has switched to shoeboxes of recycled cardboard
Puma claims that a new shoebox that it has introduced will save an annual 2,800 tons in cardboard. The box, which has a recycled cardboard content of about 95 percent, is one of several initiatives taken by the German sports brand as part of its “10FOR25 Sustainability Strategy.” Others include ...
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News briefs
Courir buys a Danish-based sneaker retailer catering to women
Courir, the international French-based athletic footwear chain sold by Groupe Go Sport to Equistone Partners Europe at the end of 2018, is taking over Naked Copenhagen, an international online and offline retailer speicializing in top-tier releases of sneakers and streetwear for young women. The price of the transaction has not ...
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News briefs
Tonal to release Tonal Live
Tonal is launching Tonal Live, a fitness app with live and on-demand workouts as well as a “social zone” for exchange and goal-sharing between members. Tonal’s founder and CEO, Aly Orady, describes the company’s offer as having “adaptive weights, individualized pacing and form feedback that are customized to our members ...
