All Sporting Goods Intelligence articles in Volume 32, Issue 39+40
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 39+40
A 10.8% drop in sports apparel in 2020 | Nike cuts guidance on supply chain woes | Nike works with fewer retailers in Spain | Skechers adjusts prices | iFIT seeks $6.7bn valuation | Rossignol to focus on mountain sports | Winter sports industry warns about Covid | Warnings about the economic recovery | European Outdoor Summit to be integrated into ISPO Munich
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News briefs
Vietnamese plants will reopen as more than a third of the population is vaccinated
Big and small sports companies relying on Vietnam to source some of their apparel and footwear are breathing a sigh of relief as the factory lockdowns imposed in mid-July are due to be lifted on Oct. 1, as expected, although it will take months to take the production back to ...
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News briefs
New Balance to sponsor U.K.’s governing body for college sports
New Balance has signed a five-year contract to sponsor British Universities and Colleges Sport (BUCS), the U.K.’s governing body for sports in post-secondary schools. In late October the company will be producing a co-branded line of merchandise, with hoodies, T-shirts, shorts, leggings and kitbags. In addition, New Balance Teamsports will ...
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News briefs
Austrian ski champion launches his ski brand, Van Deer
The former Austrian Alpine ski champion Marcel Hirscher, who retired two years ago after numerous World Cup victories, has begun producing his own skis. His brand, Van Deer, is at least for now distributed only in Austria, through Bründl Sports, and in the Netherlands, through the Duijvestein Winterstore and Daka ...
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News briefsGore-Tex unveils new, more sustainable ePE membrane
W. L. Gore & Associates has announced that the consumer unit of its Gore Fabrics Division will introduce the use of expanded polyethylene (ePE) as a new and more sustainable, complementary material platform that will serve as the basis for its future membrane technologies. The new ePE laminates (membrane and ...
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Short stops
Sept. 29 Short Stops: Canada Goose – Deckers – Foot Locker -¥ Lolë – Rip Curl – Sports Direct – VF Corp.
Corporate: +++ The annual general meeting of Frasers Group, parent of Sports Direct International, approved all the resolutions put forward, with only 1.16% of the votes cast against the re-election of Mike Ashley, CEO a major shareholder, as a director of the company +++ Foot Locker is launching private ...
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Article
Skechers adjusts prices to offset higher input costs
Skechers started making price adjustments at the start of this year to counter foreign exchange headwinds and other input cost pressures. It is looking at some other offsets for the recent increases in raw material, transportation and logistics costs, without affecting its “reasonable price” marketing appeal. The company told investors ...
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Article
Airesis’ H1 revenues soar by 86%, losses narrow
Airesis, the Swiss holding company that controls Le Coq Sportif and Movement Skis, saw its net loss in the first half ended June 30 narrow to 9.4 million Swiss francs (€8.7m-$10.2m) from CHF 18.5 million the year earlier. Consolidated revenues jumped by 86 percent to CHF 59.9 million (€55.3m-$64.9m), as ...
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News briefs
Himaraya turns around
Himaraya reported an overall sales increase of 8 percent to 62.13 billion yen (€480m-$582m) for the financial year ended Aug. 31, but the momentum is fading away, and the Japanese sporting goods retailer is projecting a decline to ¥59.50 billion (€460m-$530m) for the current year. The company posted net income ...
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News briefs
Adidas to launch marketing campaign in greater Paris
Adidas placed 2,200 footballs in 17 towns and cities in greater Paris and its region, Île-de-France, on Sept. 28 as Parisians were about to watch the match where the Paris Saint Germain (PSG) team beat Manchester City in the second round of the Champions League. The locations will include the ...
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News briefs
Nike opens sports space in Barcelona
Palco23 reports that Nike has opened an outdoor space, called Play Now BCN, in Barcelona’s Parc del Fòrum. It is set up for a variety of sports – football, basketball, skateboarding, dance and fitness training – and has the backing of several local sports entities: Streetball Barcelona Sants, Street Football ...
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News briefsPolygiene-owned brand allows the production of germ-killing barbell grips
Making use of Addmaster additives, Casking has developed a range of antimicrobial grips to cover the full length of barbells 28 to 30 mm in diameter. Their selling point, in the age of the Covid pandemic, is gym sterility. The press release from Addmaster’s parent company, Polygiene, cites two studies ...
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Article
Germany’s Sport-Tiedje builds a larger logistics center
Sport-Tiedje, the German-based online and offline retail specialist for home fitness equipment, is investing in a new central warehouse in Schleswig-Holstein to supply its own stores and its online customers throughout Europe, according to SAZ Sport. In the 2020 pandemic year, Sport-Tiedje increased its sales by 55 percent to €203 ...
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News briefs
Amazon Halo adds three fitness services
Capitalizing on the strong global fitness trend, Amazon will be adding three services to its Amazon Halo subscription fitness service for the holidays at the end of the year: a health tracker, called Halo View; a video service for home workouts, called Halo Fitness; and a custom, guided meal planner, ...
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News briefsVaude’s Antje von Dewitz receives German role model award
After collecting many other awards for sustainabillity and inclusion, Antje von Dewitz, CEO of the German outdoor brand Vaude, has received the Role Model Award 2021 from the Startup Teens education platform in the “Family Entrepreneur” category. The jury and the audience honored her commitment to a sustainable and value-driven ...
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Article
Warnings about the recovery in the eurozone
The weekly tracker of economic activity compiled by the OECD rose above the comparable 2019 level at the beginning of September in most of the eurozone countries on a 4-week rolling basis. It was particularly high in Italy and Belgium, but some economists predict that the eurozone’s recovery may slow ...
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ArticleRevo boosts sales management, launches new high-end range
While launching a new high-end line of sunglasses, Revo has appointed three new vice presidents. Jerry Bedingfield is now vice president of sales for the sport and specialty segments in North America, while Christoph Nitz and Kurt Plunger both now hold that same title for Europe. Bedingfield has been working ...
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News briefs
Macron enters the padel tennis segment
Macron, the Italian company specializing in licensed teamwear, has presented its first complete line of clothing, equipment and accessories for padel tennis, including even five models of racquets, made in Spain, for beginners and more experienced players. The garments are said to be technical as well as comfortable and elegant. ...
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News briefs
Skechers wins dismissal of energy lights suit
A Dstrict Court for the state of Illinois has dismissed with prejudice a proposed class action suit launched by Rikki Guajardo in May 2019. She claimed that her child had suffered pain and burns when Skechers’ Energy Lights sneakers heated up. She accused the company of deceptive trade practices and ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
