All Sporting Goods Intelligence articles in Volume 32, Issue 45+46 – Page 2
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News briefs
Czech brand releases reusable, Polygiene-treated mask
The Czech brand Är has released an FFP2-certified mask that incorporates Polygiene’s ViralOff treatment, which purports to eliminate more than over percent of microbes from textiles. Unlike surgical masks, FFP2 masks filter air that comes in and air that goes out. They also therefore meet the criteria that various countries ...
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Short stops
Nov. 9 Short Stops: Allbirds – Arc’teryx –Champion - Foot Locker - Gymshark - Jack Wolfskin – Mitre - Supreme
Corporate: +++ PETA, the animal welfare group, says it has bought shares in Allbirds, earning the right to attend the company’s shareholders’ meetings in the hope of swapping its merino wool with vegan textile alternatives Management: +++ Natasha el Mahmoud, a 19-year veteran of Jack Wolfskin who ...
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News briefs
No immediate plans for Gymshark’s IPO
Indicating that Gymshark’s sales almost doubled to £400 million (€470m-$543m) in the 12 months ended in July, Ben Francis, the young co-founder and CEO of the nine-year-old British fitness apparel company, tells The Financial Times that there are no immediate plans for it to go public. He confirmed that he ...
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News briefs
Allbirds’ IPO proceeds rise to $348 million
The underwriters of Allbirds’ public offering fully exercised an over-allotment option to purchase additional shares, which was not surprising in view of the doubling in the initially offered price of $15 a share in the course of trading. All in all, Allbirds has placed a total of 16,850,799 shares, raising ...
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News briefs
Sport 2000 Austria debuts its golf show with 45 brands
With over 45 brands, golf pro talks and the presentation of sales tools for golf courts and golf shops, Sport 2000 Austria held its first Golf Fair at the buying group’s headquarters in Ohlsdorf. Golf personalities such as Nicole Gergely, trainer of the Austrian national team, the Austrian national player ...
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ArticleShortages reduced Giant’s growth to 2.5% in Q3
With strong ongoing global demand for bicycles and e-bikes, Giant Manufacturing reported that its production facilities are fully loaded with orders. However, a lack of components affected the production in the third quarter, leading to an increase in consolidated sales of only 2.5 percent to 19.95 billion Taiwan dollars (€619.0m-$715.0m) ...
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News briefs
The Danish Sportmaster chain has many new managers
The Danish Sportmaster chain has hired five new top managers since the beginning of this year, reporting to Andreas Holm, the company’s CEO, to help it to grow online and to open new stores in Denmark as well as in other Nordic countries. The Russian Sportmaster Group, which bought the ...
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News briefs
JD Sports premieres a special Xmas ad
JD Sports premiered a Christmas ad – since posted to YouTube – on Nov. 6 during the airing of the Manchester derby on Sky Sports, where Manchester City beat Manchester United 2 to 0. In it, a young man walks down a downtown street – where all the shop names ...
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Article
Despite the fifth Covid wave in Japan, Descente grew in Q2
Descente reported a rise in second-quarter sales of 16.4 percent to 49,926 million yen (€381m-$440m) despite a “challenging” period from late August to September when the fifth wave of Covid-19 hit Japan. All of the company’s main five brands for which it has the rights in Japan or other territories ...
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Short stops
Nov. 4/8 Short Stops: Canada Goose – Conzzeta - Decathlon - XXL
Management: +++ After working a few months for another company, Sebastian Blom will return to XXL at the end of the year to run all the e-commerce operations of the Oslo-based sporting goods retailer in Norway, Sweden, Finland and Austria, based in Stockholm +++ Heinz Baumgartner is due ...
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News briefsCrocs to provide resale-as-a-service with ThredUp
Crocs is launching a resale program with ThredUp’s Resale-as-a-Service (RaaS) platform. Adidas did the same about a month ago, as we reported at the time, and called its program “Choose to Give Back.” Crocs’ program is called “Clean Out” and is likewise intended to help the brand achieve net-zero carbon ...
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News briefs
Some more details on Asics’ Q3 results
For the third quarter, Asics reported in its financial highlights a net profit of 6,723 million yen (€51.3m-$59.3m), up sharply from ¥2,858 million a year earlier. However, sales increased by only 11.2 percent to ¥112.7 billion yen (€860m-$990m) from 101.3 billion as compared to the same period of 2020, and ...
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News briefs
JD criticizes video of a July 5 meeting over Footasylum’s contested takeover
Peter Cowgill, executive chairman of JD Sports Fashion, was reported by The Sunday Times as being under investigation by the Competition & Markets Authority (CMA) over a possible breach of its rules on sharing sensitive information relating to JD’s contested takeover of the smaller Footasylum chain in the U.K. The ...
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News briefsCovid-led demand for anti-microbial products powers Polygiene Q3
Polygiene reported a 129 percent rise in third-quarter sales to a record 52.3 million Swedish kronor (€5.2m-$6.1m), with organic growth of 31 percent, as the Covid-19 pandemic continued to drive demand for its anti-microbial products. Ebitda soared in the three months to Sept. 30 to SEK 15.7 million (€1.59m-$1.8m) from ...
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Article
Canada Goose improves its guidance, citing momentum
Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...
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News briefs
Swiss ski camps enjoy record bookings
Schools and their class camps in particular are currently boosting occupancy at Swiss ski resorts, according to the Swiss sports association, Sportbiz. According to its report, by the end of October, a record of 287 class camps had already been booked through the Swiss snowsports initiative Go Snow - or ...
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ArticleAsics’ growth softened in Q3
Asics recorded solid growth in sales and operating income in the nine months ending September 30, as the strong showing of its Performance Running business in North America, Europe and Greater China and cost-cutting efforts more than offset the continuing effects of Covid-19. For the third quarter alone, Asics reported ...
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Article
Peloton cuts its sales guidance by $1 bn
Peloton Interactive lost more than one-fourth of its value on the stock exchange as the company slashed its sales guidance for the full financial year by up to $1 billion, predicting that revenues will range from $4.4 billion to $4.8 billion. Analysts were budgeting sales of $5.4 billion for the ...
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Article
Sports & Leisure pull New Wave forward
The Swedish-based New Wave Group, which owns or distributes brands such as Craft, Cutter & Buck, Ahead, Orrefors and Speedo, reported record third-quarter profits as sales closed in on pre-pandemic levels, driven by a recovery in the Nordic countries and the U.S. The group’s Sports & Leisure division saw sales ...
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News briefsPuma opens new North American HQ
Puma has inaugurated new headquarters for North America. Located at Assembly Row in the Boston suburb of Somerville, the 150,000-square-foot office combines the staffs – about 450 employees – from two offices in Boston proper and Westford. It was designed by the architectural firm Gensler and built by Timberline Construction. ...
