All Sporting Goods Intelligence articles in Volume 32, Issue 47+48 – Page 3
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News briefs
Nike raises its quarterly dividend
Despite the current supply chain challenges, Nike’s board of directors has decided to grant a quarterly cash dividend of 30.5 cents per share to its shareholder on Dec. 28, for an increase of 11 percent versus the previous quarterly dividend. Noting that this is the company’s 20th consecutive year of ...
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News briefs
Another Nike Unite store opens in Spain
The second Nike Unite store in Spain has opened near Madrid, taking the place of a former regular Nike store in the Las Rozas The Style Outlets center. The first one opened earlier in Terrassa near Barcelona. Launched one year ago, the community-oriented retail concept has already been implemented in ...
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ArticleAustria imposes a general lockdown, Germany approves a new infection protection act
Without waiting for the end of a previously imposed confinement for the unvaccinated, which started on Nov. 15, the Austrian government decided that everybody will go into a general, nationwide lockdown for a maximum of 20 days on Monday, Nov. 22, and that it will be extended for unvaccinated people ...
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News briefsOrthoLite launches new sustainable insole technologies
Source: OrthoLite OrthoLite HybridPlus Bio insole Addressing the rising demand for more sustainable insole solutions from its customers, U.S. brand OrthoLite is putting its plans announced earlier this year into action, introducing two new sole technologies that elevate the total eco content of the insoles to 57 ...
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Article
China’s Topsports improves margins on slightly lower sales
Topsports International Holdings, the leading Chinese sports distributor and retailer spun off by Belle International in 2019, reported a decline of 1.2 percent in total revenues to 15.57 billion renmimbi (€2,128m-$2,407m) for the first half of its financial year, ended Aug. 31. The gross margin improved by 2.9 percentage points ...
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Article
Alibaba cuts guidance after a Q2 profit and sales miss
The Alibaba Group cut its guidance for its full financial year after revenues and earnings came in below expectations in its second quarter ended Sept. 30, amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to ...
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Article
Yonex raises guidance as Q2 sales grow by 34%, driven by China
Yonex enjoyed a sales increase of 34 percent to 16.6 billion yen (€143.2m-$169.1m) in its second quarter, ended Sept. 30, leading the Japanese company to nearly double its net income to ¥2,396 million (€18.4m-$21.8m). The gross margin expanded by 3.5 percentage points to 46.7 percent. Sales grew in Japan by ...
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News briefs
Moncler, Gildan and Adidas star in the DJSI
The 2021 edition of the S&P Global Dow Jones Sustainability Index lists Moncler in its Gold Class, Gildan in its Silver Class and Adidas in the Bronze Class. Three other sports companies – Asics, Puma and the Super Retail Group – were listed along with The Gap and companies in ...
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Short stops
Nov. 18 Short Stops: Adidas Terrex - Patagonia – Pitti Uomo
DTC: +++ Adidas has opened the first Terrex flagship store for its outdoor collection on 370 m² in Munich’s Sendlinger Strasse (more in The Outdoor Industry Compass) Management: +++ Rose Macario, former CEO of Patagonia, has joined ReGen Ventures, a global equity fund that invests in early-stage ...
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Article
Strong recovery in personal luxury may affect our sector
The personal luxury market has been traditionally subject to bigger swings than the sporting goods market in their competition for the consumer’s spending, and its recovery this year may impact the recovery of the sporting goods market, especially in the overalapping areas of sneakers and athleisure, in our opinion. The ...
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ArticleOutdoor outperformed the athletic and casual footwear market in 2020, but…
It all depends on the brands that we include in three annual surveys that EDM Publications puts out every year for these three segments of the shoe market, some of which play in two different segments.
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ArticleIndebted ManUnited to issue shares to its fans
Manchester United fired Ole Gunnar Solskjaer, the Norwegian team manager hired three years ago, after the English football club lost 4-1 against Watford on Saturday Nov. 20, its fifth defeat in the first seven matches of this season’s Premier League. The dismal score, which is infuriating the club’s fans, will ...
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Article
Golf shines at Alpen and Xebio in Japan amid the pandemic
The recent measures taken by the Japanese government from July tthrough September to combat the Covid-19 pandemic, which shut down team and indoor sports and reduced store traffic, had an impact on the latest quarterly results of two major Japanese sports retailers. Golf was an exception, and winter sporting goods ...
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News briefs
Musical chairs between K2 and CCM Hockey
Manuel Streif has left Under Armour after eight years to join K2 Sport Europe as European key account manager and sales manager for K2 skates and Madshus. Prior to working with UA, where he gradually moved up to the position of sales manager for Germany, he served brief stints at ...
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ArticleNorway’s sports market fell by 7% in Q3
The period between July and September 2021 was the second-best third quarter for retailers operating in the wealthy Norwegian sporting goods market. It recorded a 7 percent decline to 3.7 billion Norwegian kroner (€374m-$423m) as compared to the third quarter of 2020, when the market grew at an exceptional rate ...
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News briefs
Sentryc helps Oeko-Tex to track thousands of piracy cases over the internet
In a move intended to protect its trademark from infringements on the eve of Black Friday and the Christmas shopping season, Oeko-Tex has revealed a partnership with a Berlin-based software firm, Sentryc, whose AI-based cloud solution scans more than 120 international online marketplaces and all the social media for product ...
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Short stops
Nov. 17 Short Stops: Decathlon – LaMunt - Macron - Nike - Supreme
DTC: +++ LaMunt, the new outdoor apparel brand for women recently launched by the Oberalp Group, has launched its web store in the Italian, English and German languages +++ Percassi, the retail licensing partner of Nike for Southern Europe, has opened the first Italian Nike Live store in ...
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News briefs
Spanish sports show in Cádiz targets a broader audience
A new Spanish Sports and Health Show (Feria del Deporte y la Vida Sana) is scheduled for Nov. 19-21 on the C-IFECA fairgrounds in Cádiz, hosting some 40 exhibitors. The organizers highlight a broadening of the industry’s focus since 1990 from elite athletes and professional clubs to the public at ...
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News briefs
New U.S. office for Amundsen Sports
Amundsen Sports, the Norwegian technical apparel supplier named after the famous Arctic explorer, has opened a “Clubhouse” on Pearl Street in Boulder, Colorado. The space will serve as the company’s North American head office, with a showroom and an event space to present its products. The brand has been selling ...
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News briefs
Peloton sues iFIT and Echelon Fitness again
Peloton Interactive is suing iFIT and Echelon Fitness in a federal Delaware court, accusing them of infringing on its four patents for on-demand exercise classes and other features, including two patents inherited through its acquisition of Precor. Peloton sued Echelon in 2019 for patent infringement and for copying its business ...
