All Sporting Goods Intelligence articles in Volume 32, Issue 45+46 – Page 4
-
News briefs
Charlotte Cox and Stefan Rosenkranz join FESI’s board
The Federation of the European Sporting Goods Industry (FESI) elected two new members to its board of directors at its annual general assembly, which was held online. The two new members, Charlotte Cox and Stefan Rosenkranz, will serve for a term of at least one year on FESI’s board, which ...
-
News briefs
Out Of, the Italian sun lens start-up, gets Elite status
Out Of, a young company that recently launched the first electronic lens that adapts its tint to ambient light automatically in less than a second without using a battery, is one of 20 Italian start-ups that have joined Elite, a private market of the Italian Stock Exchange, with the support ...
-
News briefs
Skechers may restructure its Asian business, making it worth $1.5bn
Skechers is considering various strategic options for its operations in Asia including a possible public offering on the Hong Kong Stock Exchange, says Bloomberg, quoting knowledgeable sources. An IPO could raise as much as $1.5 billion, according to the report, but Skechers would have to buy out first the shares ...
-
News briefs
VF makes new CSR pledges
VF Corp’s fourth sustainability and responsibility report says the group will achieve zero waste verification at all its warehouses and distribution centers by the end of this year, compared with 72 percent at present. This would mean that at least 95 percent of their waste will be diverted from landfills. ...
-
ArticlePentland Brands makes new CSR commitments
Coinciding with the start of the COP26 conference on the climate in Glasgow, Pentland Brands released a set of new commitments to support people and the planet for the year 2032, when it will be celebrating the 100th anniversary of its business. The company’s “100-1-0” positive business strategy sets out ...
-
News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
-
News briefs
Hoka collaborates with Moncler
Hoka (formerly called Hoka One One) has collaborated with the outdoor apparel brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe. The Mafate S is designed for both mountains and, thanks to the addition of reflectors, city streets. The outsole is made of Vibram ...
-
News briefs
Vans to release two collaborative collections
Vans’ two latest collections are collaborations with the Japanese streetwear brand Bape (A Bathing Ape) and the Italian outerwear brand Napapijri. Vans x Bape, which is due for release on Nov. 30, consists of redesigns of established Vans models – specifically two sneakers and a hoodie – that blend elements ...
-
News briefs
Ellesse collaborates with YouTube group on capsule
Ellesse, the Italian sportswear brand owned by Pentland Brands, is releasing a co-branded apparel collection for autumn/winter with Sidemen (SDMN), a group of friends who run a YouTube channel and have founded a clothing brand, Sidemen Clothing. Among the eight items are a hoodie, a jacket, joggers, a T-shirt, a ...
-
News briefs
Accell makes key supply chain appointment
Accell Group has appointed Francesca Gamboni, who is currently senior vice president of Stellantis in charge of the global supply chain, to the position of chief supply chain officer, tackling what has become an important and complex issue in the bike sector and others. Replacing Jeroen Both, who is leaving ...
-
News briefs
Dorel will pay more taxes in Luxembourg
Confirming the verdict of a lower court, the Luxembourg Administrative Court has ruled that a local subsidiary of Dorel Industries owes €54.6 million including tax to the local government. As a result, the owner of Cannondale, Schwinn and other brands, whose bike division is being purchased by Pon Holdings, will ...
-
ArticleSkechers sees 19% sales gain in Q3, but supply chain woes will stretch into 2022
Skechers saw revenues in the third quarter ended Sept. 30 rise by 19.2 percent to a record $1,551 million, an achievement that the company described as “remarkable” amid supply chain bottlenecks that have constrained sales growth and are seen extending into 2022. At constant currency rates, sales rose by 17.1 ...
-
News briefs
Fanatics will host an international Olympic store
Fanatics is partnering with the International Olympic Committee (IOC) to launch its first global Olympic web store, starting with the Paris Summer Olympics in 2024, followed by the 2026 Winter Olympics in Milan and Cortina, and the Summer Games in Los Angeles in 2028. Fanatics will work with the organizing ...
-
News briefs
Puma signs a prep-school basketball player
Puma has signed its first endorsement deal with a high school basketball player, Mikey Williams, who plays guard for Vertical Academy in Charlotte, North Carolina, and will be eligible for the NBA draft in 2024. ESPN calls the 17-year-old Williams the 11th best prospect in his high school class, and ...
-
ArticleDeckers’ Q2 sales grow by 16% on Hoka's gains, but margins are squeezed
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings ...
-
News briefs
Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
-
Short stops
Sept. 29 Short Stops: Adidas – Fanatics – Fendi - Icepeak
Product: +++ Fendi is the latest fashion brand in LVMH’s portfolio to make a strong statement in the sporting goods sector with a line of skiwear, which uses 100% regenerated duck feathers and Econyl nylon, accompanied by goggles, helmets and drawstring ankle boots, to be followed by FF ...
-
News briefs
Li Ning raises equity by €1.16bn for international expansion and other purposes
Li Ning Company said it is planning to sell 120 million new shares worth a total of HK$10.5 billion (€1.16bn-$1.35bn) to raise funds for its international expansion, which has not been easy until now, and for investments in new product categories. The proceeds would also be used for the establishment ...
-
ArticleBasicNet reports improved results
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
-
ArticleMoncler accelerated in Q3
The Moncler Group’s revenues grew by 55 percent on a currency-neutral basis to €555.5 million in the third quarter, including €100.1 million in incremental sales from the recently acquired Stone Island brand, whose results were consolidated as of April 1. Accelerating from the first half, the core Moncler brand saw ...
