All Sporting Goods Intelligence articles in Volume 32, Issue 47+48 – Page 4
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News briefs
Peloton offers over $1.1 bn in new shares
With its cash flow turned negative by $522 million at the end of its September quarter, Peloton Interactive has decided to launch a secondary offering for 23.9 million Class A shares priced at $46 each to raise $1,099 million. It is also proposing an over-allotment of $150 million depending on ...
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News briefs
Anta starred in China’s Singles’ Day
Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) for the event is on the decline. According to the trade publication Sportstextiles, this year’s 11.11 Global Shopping Festival, spread over 11 days, brought in for the Chinese e-commerce giant about ...
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News briefs
Goldwin improves quarterly results
Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...
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Short stops
Nov. 12/16 Short Stops: iFIT – JD – Pally’Hi – Puma – Superdry - WFSGI
Management: +++ JD Sports Fashion announced the appointment of a new non-executive director to its board, Helen Ashton, a former chief financial officer of Asos who also held executive roles at Asda, Barclays and the Lloyds Banking Group Distribution: +++ Icon Outdoor has taken on the distribution ...
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Article
Softer home fitness demand drives Beachbody into a loss
In its first financial report since going public, The Beachbody Company said it suffered a 17 percent decline in revenues to $208.1 million for the third quarter ended Sept. 30 because of a drop of 5 percent in online revenues to $94.1 million and a 29 percent decrease in Nutrition ...
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News briefs
While rising strongly in the Americas and Europe, Globeride is flat in Japan
For its second quarter ended Sept. 30, Globeride, the Japanese parent of the Daiwa brand of golf and fishing products, reported a 28 percent increase in net income to 2,621 million yen (€20.1m-$23.8m) on 12 percent higher revenues of ¥31.69 billion (€240m-$288m). Sales were affected by Covid restrictions in Japan, ...
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ArticleFila's Q3 revenues inch up thanks to Acushnet, Europe is down
Fila Holdings saw group revenues in the third quarter ended Sept. 30 inch up by 1.1 percent to 927,065 million Korean won (€689.4m-$784.1m). However, the Fila brand’s revenues declined by 6.1 percent to KRW 321,194 million (€238.9m-$271.6m) without accounting for the previously reported strong contribution from Acushnet, the golf company ...
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ArticleOn sees growth slowing down from 68% in Q3
In its first quarterly report since its successful IPO in September, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin ...
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News briefs
XXL helps a non-profit buy and lend sports equipment
XXL is donating NOK 500,000 (€50,500-$57,400) for the purchase of sports and outdoor equipment – such as alpine skis, sleds and skates – to BUA, a Norwegian non-profit organization that lends such products to the young. So far this year BUA has loaned equipment to twice as many Norwegians (about ...
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News briefsCelebrating its 30th anniversary, Buff supports POW and other organizations
Buff is increasing its financial support for Protect Our Winters (POW) to more than $50,000 per year while launching a new collection that “recognizes the important work and culture” of the non-profit organization, founded in 2007 by the professional snowboarder Jeremy Jones. In addition, the Spanish brand of bandanas, which ...
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News briefs
New NPD study shows a drop in China’s sports shoe market
China’s online market for sports footwear declined by one percent to $8.9 billion during the second quarter of 2021, according to a new study by the NPD Group. The drop was due to the poor performance of international brands, which suffered from a consumer boycott launched in March because of ...
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News briefs
Romania’s apparel industry is struggling
Some sports clothing has been manufactured in Romania in the past, especially for Italian brands, but it’s not sure whether this is still the case. According to Just Style, Romania’s apparel industry is suffering from problems in both its supply chain and its export market. The flow of raw materials ...
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News briefsDecathlon works with a social impact brand in Germany
Decathlon is the first sports retailer in Germany to have entered into a partnership with a local social impact company, called Share , to support and promote “social shopping.” As of mid-November, customers can purchase Share beanies and socks in all Decathlon stores and online. For each item sold, another ...
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News briefs
Macron replaces Adidas as sponsor of a Bulgarian team
Macron, the growing Italian teamwear supplier, has signed a deal to dress up CSKA Sofia, the leading Bulgarian football team, replacing Adidas after the expiration of its contract in May 2022. The club, which has won many championships, was born in 1948 as part of the Bulgarian Army. Separately, Macron ...
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News briefs
Inov-8 donating to restore peatlands
Inov-8 will be donating 5 percent of online and in-store sales revenues generated from Nov. 15 to 29 to the Cumbria Wildlife Trust, which will use the funds to restore peatlands in and around the U.K.’s Lake District, where the running, hiking and fitness-gear brand is based. For Peat’s Sake, ...
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ArticleISPO Munich is moved to November
After discussions with hundreds of exhibitors and retailers, Messe München decided to cancel next January’s edition of the ISPO Munich show and to set new dates for that fair and OutDoor by ISPO, making them coincide with the beginning of the ordering cycle for the two main seasons. It described ...
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ArticleTobias Gröber comments on the new schedule for the ISPO shows in Munich
The ISPO Group announced this afternoon that ISPO Munich 2022, originally scheduled for the end of January, will be postponed to Nov. 28-30, 2022. At the same time, it announced that the date of OutDoor by ISPO 2022 has also been moved to mid-June, thus establishing a completely new schedule for all future ISPO trade shows. SGI Europe and The Outdoor Industry Compass spoke with Tobias Gröber, executive director of the consumer goods business unit at Messe München, about the background to this decision.
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News briefsStephen Proctor, chairman of SMS, has passed away
Stephen Proctor, chairman of Sports Marketing Surveys (SMS) for Europe and the U.S., has passed away. His family has asked to keep his age confidential. The British entrepreneur acquired the business in 1984 and led it for many years, helping to turn into one of the major consultancies in the ...
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News briefs
Growth slows for Alibaba’s Singles’ Day
Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) is on the decline. This year’s 11.11 Global Shopping Festival, spread over 11 days, brought in about €74 billion in GMV, for an increase of 8.5 percent. This is the first ...
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News briefs
Deporvillage’s catalog now exceeds 100,000 items
Deporvillage’s product catalog has passed the milestone of 100,000 items. Thanks to such lockdown effects as distance work and the spike in online purchasing, home fitness has become a top segment for the Catalonian e-commerce specialist, which was recently acquired indirectly by JD Sports Fashion through its controlling interest in ...
