All Sporting Goods Intelligence articles in Volume 32, Issue 43+44
View all stories from this issue.
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Short stops
Sept. 28 Short Stops: Deuter - JD – Macron - New Balance - Nike
Corporate: +++ A general meeting of JD Sports Fashion shareholders that was scheduled to be held on Oct. 28 to vote on a stock split, has been postponed to a still undetermined date, possibly toward the end of November Management: +++ After spending more than six ...
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News briefs
Garmin performed better in fitness than outdoor in Q3
The fitness segment outperformed the outdoor segment in Garmin’s third quarter, ended on Sept. 25, but the company is still predicting 17 percent growth in both segments for the full financial year. Outdoor segment revenues fell by 3 percent to $323.8 million, due primarily to the timing of new product ...
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News briefs
Zalando more than triples its fleet of Magazino robots
Zalando has ordered 20 order picking robots specifically designed for the footwear industry from the German start-up Magazino. Zalando, which has invested in Magazino, initially bought two of the robots called Toru in 2018, before increasing the fleet by an additional six in 2019. Once the latest robots are fully ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 43+44
Puma improves despite supply chain drags | XXL blames bike shortage for poor results | Shimano’s component sales up 30% | VF raises sales outlook despite supply issues | UA makes Baratto chief consumer officer | Crocs’ Ebitda margin goes over 32% | Allbirds seeks $2bn valuation | Mixed results for Chinese firms | PE firm acquires NPD Group | A bullish European surf industry | Pádel booms in Scandinavia | Decathlon makes new green pledges
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News briefs
Wolverine amends its credit facilities
Wolverine Worldwide has amended and extended its credit agreement with JP Morgan Chase, refinancing a $200 million term loan and taking its existing revolving credit up from $800 million to $1 billion. The maturity of both credit facilities has been stretched to end on Oct. 21, 2026. There was an ...
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News briefs
Clarus prices its stock offering at $27
Clarus Corporation, the company based in Salt Lake City that owns brands such as Black Diamond, Pieps, Sierra Bullets and Rhino-Rack, has priced a stock offering of 2,750,000 shares of common stock at $27 each. The expected gross proceeds of $74,250,000 would be used for general corporate purposes, including repayment ...
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Article
Bike delivery problems sink XXL’s results
Delays in deliveries of bicycles continued to negatively affect the sales performance of XXL ASA, whose revenues in the third quarter declined by 4.8 percent to 2,688 million Norwegian kroner (€276.1m-$321.2), with a drop of 4.0 percent on a comparable store basis. As its profit margins were also squeezed, resulting ...
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News briefs
Champion’s new collection is all about Queen
Champion is releasing a limited-edition collection of unisex sportswear that displays pictures of and song titles by the rock band Queen. Yes, the obvious candidate, “We Are the Champions,” is included. Among the items are Reverse Weave sweatshirts and hoodies and Athletic Jersey T-shirts. The collection will be sold at ...
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News briefs
Kelme’s Spanish distributor is fighting for life
According to Diffusion Sport, New Millennium Sports has asked the third commercial court of Alicante, in the Spanish autonomous community of Valencia, to allow it to enter into bankruptcy protection proceedings. The former owner of the Kelme brand, which has a contract for its dstribution in Spain, seeks to avoid ...
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Article
Big investments in pádel in Scandinavia
With the sport of pádel expanding strongly in Scandinavia and Finland, a big Swedish venture capital firm, Triton, has reportedly made just over 30 acquisitions worth around 2.5 billion Swedish kronor (€250m-$290m) in the sector over the past three months, forming a newly created Ledap Group with a presence in ...
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News briefsWeSports buys a Swedish Nordic ski retail specialist
After its recent acquisition of the Finnish water sports equipment supplier Finwake in September, WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has completed the acquisition of a Swedish sports retailer, Pölder Sport AB. Founded in 1990, ...
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Short stops
Sept. 26/27 Short Stops: Alibaba - Atmósfera Sport – Bogner - Casall - Columbia – Hoka - ISA - Marucci – Nautilus – Shimano - Skechers – Thule - Timberland – Titleist - VF
Corporate: +++ Marucci Sports, the American producer of baseball and softball equipment and apparel owned by Compass Diversified, has acquired Lizard Skins, a supplier of branded grip products, protective equipment, bags and apparel used in baseball, hockey, cycling, lacrosse and Esports +++ The Casall Group ...
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News briefs
Updated: Decathlon will launch a new “Decathlon Mountain” store franchising project in France and Switzerland
Decathlon is about to open two pilot stores in France and Switzerland for a new “Decathlon Mountain” concept that it plans to franchise in about 15 mountain resorts in the two countries. They will be selling only Decathlon products from the retailer’s huge range of private label items for winter ...
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News briefs
Hans-Hermann Deters will leave Sport 2000
Hans-Hermann Deters, an iconic figure in the German sporting goods market, is planning to leave the position of joint general manager of Sport 2000 GmbH next March 31, after seven and a half years of successful work with the retail organization, where he reinforced its specialist orientation. At the age ...
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Article
Puma’s brand momentum outpaces supply chain drags in Q3
Puma raised its outlook for full-year sales after reporting solid growth in sales and earnings in the third quarter ended Sept. 30 despite persistent supply chain headwinds and difficulties for Western brands in China. Sales in the three month period increased by a reported 20.0 percent to a quarterly record ...
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News briefs
Spain's Munich is on track for a record year
Munich, a leading Spanish shoe producer in the futsal category, is on track to break its record for annual sales, Diffusion Sport reports. Sales for the first half of this year, ended on Sept. 30, matched those of the equivalent period in its current record year of 2018. The owner ...
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Article
Shimano hikes guidance as bike segment soars by 30%
While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid outbreaks have disrupted both manufacturing and logistics everywhere. Bike dealers’ inventories are still ...
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ArticleHeiQ unveils high-performance cellulose yarn derived from carbon-negative materials
HeiQ unveiled what it calls a potential game-changer for the textile industry on Oct. 26 in a digital presentation. HeiQ AeoniQ is a high-performance cellulose yarn derived from a wide range of natural, carbon-negative sources, including wood pulp and algae. The new fiber is currently advancing to pilot production prior ...
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News briefs
Dometic buys Igloo
Dometic, the Swedish producer of coolers, has taken over Igloo, a Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from a private equity group, ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been granted. The acquisition was completed on ...
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Article
EU is urged to take more action to promote sports activities
FESI, the Federation of the European Sporting Goods Industry, says it welcomes the adoption of a report made by a member of the European Parliament, Tomasz Frankowski, who has assessed the sport policy of the European Union. The former Polish footballer is proposing to strengthen the role of the European ...
