All Sporting Goods Intelligence articles in Volume 32, Issue 37+38 – Page 2
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Article
Extended Covid Restrictions in Vietnam are hitting companies hard
Nike and other companies are expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so ...
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Article
JD raises FY guidance after record-setting H1 profits
JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...
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News briefs
Xtep sells bonds to Hillhouse to help internationalize K-Swiss and Palladium
Xtep International has completed a $129.4 million convertible bond offering intended to expand the presence of its K-Swiss and Palladium brands internationally. The debt offering consisted of two tranches, a U.S.-dollar-denominated tranche of $65 million with a zero coupon and a tranche worth 500 millionn Hong Kong dollars ($65.4 million) ...
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News briefs
On Holding raises IPO price to $20-22
The parent company of On Running has informed the U.S. Securities & Exchange Commission that it has decided to raise the price of its initial public offering from a range of $18 to $20 to a range of $20 to $22. The company has also indicated that the full overallotment ...
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News briefs
Castore moves into cricket, eyes a possible IPO
Castore, which is said to be planning to go public in 2022, has replaced New Balance as sponsor of the England & Wales Cricket Board (ECB). By the terms of the deal, worth some £25 million (€29m-$35m), the British sportswear producer will be supplying all ECB teams – men’s, women’s, ...
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News briefs
Orage plans to return to Europe
Orage, a Montreal-based brand of outerwear that caters primarily to freeride skiers and snowboarders, is reportedly expanding back into the European market. After undergoing several changes of leadership and direction under the umbrella of Coalision and its CEO and president, Bernard Mariette, the brand was sold in 2013 to one ...
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Short stops
Sept. 10/13 Short Stops: Bergamont – Billabong - Canterbury – Fila - IHRSA – Moncler – Ping - Puma - Reebok - TNF -Velcro – XXL
Management: +++ After working with Deuter for many years, Gregor Cerwinski has joined Bergamont, a bike brand owned by the Scott Sports Group, in the role of head of marketing, replacing Pamela Busch +++ Velcro Companies has a new CEO, Gabriella Parisse, who spent 26 years at Johnson ...
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News briefs
Vista Outdoor buys a producer of golf simulators
Trying to capitalize on the recent boom in the golf market, Vista Outdoor has agreed to buy Foresight Sports, a producer of high-enhd golf simulators based in San Diego, California, for $475 million plus up to $25 million in contingent incentives. The amount is equal to about ten times the ...
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Article
Zalando helps Athleta to expand to Europe
Athleta, the American direct-to-consumer women’s activewear brand owned by Gap, is partnering with Zalando to help reach new customers in Europe through its extensive digital reach and its personalized customer experience. The partnership will also help Zalando to expand its presence in sports fashion and the sports category in general. ...
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News briefs
Vans to stream its Musicians Wanted concert
Vans will be streaming a concert for the 2021 Vans Musicians Wanted competition, scheduled for Sept. 22. Musicians from the Americas, Europe and Asia-Pacific will be competing to win products from Vans and Kramer, contracts for global music distribution, and playlisting on Spotify and Apple Music.The finalists will be performing ...
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ArticleZumiez performs better than before Covid
Zumiez has been performing well, in spite of ongoing retail lockdowns in Europe and Australia. The American action sports retailer, whose holdings include Blue Tomato in Europe and Fast Company in Australia, reported a sales increase of 7.3 percent to $268.7 million for second quarter ended July 31. The turnover ...
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News briefs
Fútbol Emotion and Unisport launch lifestyle apparel
Evidently reacting in part to past and possible Covid-related restrictions on attendance at team sports matches, two European team sports retail specialists have launched more ordinary clothing lines. Fùtbol Emotion, the Spanish sports equipment retailer headquartered in Zaragoza, has launched After 90, a new clothing line for football enthusiasts who ...
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News briefs
Expo 2020 Dubai will celebrate sports and fitness in 5,400-square-meter dedicated hub
Expo 2020 Dubai has unveiled its Sports, Fitness and Wellbeing Hub, a 5,400-square-meter space that will offer a large range of free sporting activities and an entire zone dedicated to fitness and wellness. The Hub features a multi-sports area for basketball, volleyball, tennis and netball, as well as a five-a-side ...
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News briefsPolygiene hires Sean Tindale as new CMO
The Swedish-based Polygiene Group has appointed Sean Tindale as its new chief marketing officer, with effect from the end of September. He is joining in from Vero Moda, a fashion brand owned by the Besteller Group, where he was the global marketing director from April 2020 to June 2021. Before ...
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Article
JD adopts the OOOOO video commerce platform
JD Sports Fashion has started an exclusive partnership in the U.K. with OOOOO Entertainment Commerce to develop market-leading video commerce content on its young rapidly growing platform. OOOOO describes itself as a technology platform that enables retailers, brands and influencers to share product-based opinions directly to consumers through live, interactive, ...
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News briefs
Tennis-Point opens an expansive flagship in Madrid
As Tradesport reports, Tennis-Point has opened a large physical flagship store in Madrid, not far from the Bernabeu football stadium, as part of its multi-channel proposition. At about 1,200 square meters, it is twice the size of the store in Barcelona proper – the Catalonian city’s largest racquet and paddle ...
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News briefs
Peloton releases its first full range of apparel
After dabbling with a few apparel items in the recent past, including a collaborative line developed with Adidas, Peloton Interactive has released its first full private-label collection of men’s, women’s and gender-neutral fitness garb, calling it Peloton Apparel, for autumn 2021. The items are made of four fabrics, each with ...
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Article
Lululemon raises FY guidance as sales accelerate, despite supply chain issues
Lululemon Athletica raised its outlook for sales and earnings after beating analysts’ estimates in the second quarter ended Aug. 1. Sending its stock market valuation up to an all-time high of €56.5 billion, the company said it is now on track to reach its 2023 target for its top line ...
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Short stops
Sept. 9 Short Stops: Candide - Decathlon – JD Sports Fashion – On – Signa - SMS
Corporate: +++ The shares of On Holding, parent company of On Running, will start trading on the New York Stock Exchange under the ONON symbol on Wednesday, Sept. 13 +++ JD Sports Fashion is one of several potential investors in Missguided, an international online retailer of women’s clothing ...
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News briefs
New presidents for Mountain Hardwear and prAna
Columbia Sportswear has announced the promotion of Troy Sicotte to the position of president of its Mountain Hardwear brand and the appointment of Monica Mirro as president of prAna. They will both be reporting to Craig Zanon, who became the group’s senior vice president for emerging brands earlier this year. ...
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