All Sporting Goods Intelligence articles in Volume 32, Issue 39+40 – Page 2
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Short stops
Sept. 27/28 Short Stops: Bangladesh – Bauer Hockey - Cambodia - Lloyd – Puma - SHER - Tecnifibre –UYN
Corporate: +++ Without mentioning a specific date, Puma’s CEO, Bjôrn Gulden, has told Germany’s Handelsblatt that he wants to double the company’s sales in the longer term, compared with last year’s level of $5.2 billion +++ Asos plans to invest £14 million in a new “Tech Hub” in Belfast ...
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News briefs
Sport 2000 finds retail licensee for Mauritius, Madagascar
Sport 2000 International has acquired a new licensee, the HV Group, in the island states of Mauritius and Madagascar, where it is planning to open seven specialist stores by 2026. Mauritius is to receive two large stores and three small ones, Madagascar will host two others of undisclosed size. The ...
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Article
iFIT Health & Fitness seeks $6.7 bn valuation
iFIT Health & Fitness, the Utah-based fitness equipment supplier formerly called Icon Health &Fitness, is proposing a price per share of $18 to $21 for its initial public offering (IPO), which is likely to take place sometime next week. The parent of brands such as NordicTrack and ProForm plans to ...
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News briefsNew paddling trade show in Lyon
With the Covid-related postponement of the first Paddledays canoe show in Kassel, Germany, by one year to September 2022, a new player in the European paddling industry has stepped forward: The Paddle Sports Show in Lyon, France, wants to replace PaddleExpo in Nuremberg, Germany, which was held for the last ...
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News briefs
BMO report highlights some disadvantages in DTC vs. wholesale
A new report compiled by the analyst Simeon Siegel for BMO Capital Markets suggests that the recent focus among sports brands on direct-to-consumer (DTC) channels has its drawbacks. In particular, wholesale appears to offer higher profit margins before taxes and interest. Major footwear brands like Nike, Adidas, Under Armour and ...
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ArticleCanada Goose to start selling its first boots on Nov. 12
Source: Canada Goose Canada Goose journey boot Canada Goose announced the widely expected market launch of its first footwear line on Nov. 12, starting with two luxury-priced snow and hiking boots offered at suggested retail prices of $750 and $1,295. The new product launch follows six months ...
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News briefs
JD diversifies into beauty products
JD Sports Fashion has acquired an unspecified stake in Hairburst, an international U.K.-based e-tailer for vitamins for hair growth, shampoos, conditioners and other cosmetics, according to The Times of London. According to the newspaper, JD will assist Hairburst’s management in the acquisition of other beauty brands. It quoted Peter Cowgill, ...
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News briefs
Amer plans to upgrade its distribution center in Utah
Amer Sports is reportedly offering to invest $30 million to upgrade its U.S. operations in Ogden, Utah, creating between 100 and 155 new jobs over ten years, in exchange for various local and state tax incentives worth a total of $4.08 million. The investments would include a budget of $2.46 ...
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News briefs
Sidas focuses on its own brands for all the seasons, drops X Socks
X-Technology Swiss is taking over the distribution of its X Socks line of sports socks in France, starting next April, after working for 20 years through Sidas. The latter company has decided to concentrate on its own brands: Podiatech, Sidas, the Sidas Academy, Therm-ic and Shoo IQ. Sidas has already ...
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News briefs
Slinger is set to acquire an analytics app builder
Slinger Bag, which has renamed itself as Slinger, has entered into an agreement to acquire 100 percent of the issued and outstanding shares of Gameface.AI – in exchange for 6,666,667 shares of Slinger’s common stock and up to another $3.5 million in common stock in contingent (earnout) considerations. The deal ...
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News briefs
Court sets an Oct. 28 deadline to bid for Sequential’s brands
The auction being supervised by U.S. Bankruptcy Court for the District of Delaware for the bankrupt Sequential Brands Group is set to start next month. Interested parties have been given a deadline of Oct. 28 to submit bids for any of its assets to be added to those already filed ...
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News briefsOutDoor by ISPO Global Summit Edition 2021 is cancelled
The European Outdoor Group (EOG) and the ISPO Group have announced this evening (Sept. 27) that the OutDoor by ISPO: Global Summit Edition will not take place as planned on Oct. 5-7. A letter from the president of the EOG, Mark Held, was just received minutes before our daily Outdoor ...
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News briefs
Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
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AnalysisMarket Analysis: The sports apparel 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 sports apparel brands including breakdown by region.
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Short stops
Sept. 23/24 Short Stops: Canyon Bicycles - Nike - Quiksilver – Lululemon – Rossignol - Silva – Starter - Suunto
Management: +++ Armin Landgraf will quit as CEO of Canyon Bicycles at the end of this month “for personal reasons,” but will continue to support the company as executive chairman of its advisory board while its chief financial officer, Winfried Rapp, takes over the CEO’s functions on an interim ...
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Article
Peloton diversifies into strength training and more
Predicting an adjusted Ebitda loss of $325 million for the current financial year, ending in June 2022, Peloton Interactive told the Goldman Sachs Communacopia Conference that it will be a year of important new product releases as well as strong investments in marketing, supply chain and IT. Notably, the company ...
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ArticleNike cuts guidance as supply chain woes worsen in Q1
The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...
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News briefs
FESI announces a “StrongHER” sports campaign for girls
At opening ceremony in Bled, Slovenia of the annual European Week of Sport, which is being held all over Europe on Sept. 23-30, the Federation of the European Sporting Goods Industry (FESI) pledged its support for HealthyLifestyle4all (HL4A), a new initiative of the European Commission. Specifically, it will be launching ...
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News briefs
Eastpak returns to North America
Eastpak’s iconic daypack has been and still is a hot item in Europe, thanks notably to the efforts of a dynamic French-based distributor, Kostia Belkin, in the 1990s. It also enjoys a strong popularity in Asia, which was the first export market for the brand. Founded in Boston in 1952 ...
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News briefs
Sport 2000's summer business rose by 11% in Austria
Sport 2000 Austria reports a sales increase of about 11 percent for its affiliated retailers between May and August, compared with the previous year. The growth is mainly attributed to the addition of new members and the ongoing demand by Austrians as well as foreign tourists for high-quality bike, outdoor ...
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