All Sporting Goods Intelligence articles in Volume 32, Issue 49+50 – Page 2
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Article
Kingmaker posts a negative gross margin due to Covid
The mandatory payment of minimum wages to factory workers idled by the Covid pandemic caused Kingmaker to post a negative gross margin for the first half of its fiscal year ended Sept. 30, leading it to report a net loss of 15.5 million Hong Kong dollars (€1.8m-$2.0m) compared with a ...
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Short stops
Dec. 6-7 Short Stops: Alibaba – Catalonia – Holmenkol – Moncler - New Balance - Puma/Helly Hansen - Slinger
Corporate: +++ New Balance is setting up two new showrooms in Sweden, one in Stockholm and the other one in Gothenburg, according to Sportfack, while expanding its collaboration with a logistics provider for the Nordic countries, DSV, through an automated warehouse of 60,000 Management: +++ Toby ...
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News briefsCMP opens its first HUB superstore, taking the place of Nardelli Sport
CMP, the Italian sports brand that belongs to the Fratelli Campagnolo group, is using the space previously occupied at Mezzolombardo near Trento by Nardelli Sport, a well-known store focused on alpine skiing, for its first superstore based on its new HUB CMP Sport concept. About 70 percent of the 1,700-square-meter ...
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ArticleThe OR Snow Show will take place, but without some key players
After some hesitations and discussions on the subject, the Outdoor Retailer Snow Show will be taking place as planned as an in-person event on Jan. 26-28, 2022 in Denver, Colorado. Its organizers have unveiled an accompanying education program and a redesigned floor plan centered around the “Resource Center,” a new ...
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News briefsCallaway expands its board to welcome a financial expert
Callaway Golf Company has expanded the company’s board of directors from 12 to 13 members with the appointment of Bavan M. Holloway. The company’s bylaws require that its board of directors consist of a minimum of six and a maximum of 15 members, the vast majority of whom must be ...
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News briefsBiden will boycott Beijing Olympics, citing human rights violations
The U.S. government has just announced a diplomatic boycott of the upcoming Beijing edition of the Winter Olympic Games. This means that President Joe Biden and his administration will stay away from Beijing and China during the Games, although U.S. athletes will be allowed to compete. “The Biden administration will ...
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News briefsFormer Nike footwear product manager joins Arc’teryx in a similar role
Arc’teryx has appointed Ovidio Garcia as vice president of footwear, effective immediately. He will be reporting directly to Katie Becker, Arc’teryx’ chief creative officer. Garcia brings 15 years of experience at Nike in product management, merchandising and product operations for footwear on a global scale, most recently as global footwear ...
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Article
German retailers oppose the current anti-Covid measures
Intersport Germany and Rose Bikes are reportedly representing a group of 4,500 stakeholders in Germany that is grouping retailers, trade associations, journalists and economic experts in their opposition against the German government’s Dec. 2 decision to allow only vaccinated people to enter non-essential retail stores. The requirement, which is being ...
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News briefs
Nebbia, a Slovak brand of gymwear, opens its first store in Russia
A Slovak sports brand specializing in body-building apparel for men and women, Nebbia, has launched its first mono-brand store in Russia, located in a shopping center of St. Petersburg. The company said it plans to work with professional athletes “to test and develop sportswear fit for the most demanding conditions.” ...
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News briefs
Lids comes to Europe
Lids is opening its first European stores at four locations in the London metropolitan area this month. The leading U.S. retailer for sports caps mentioned the success it has enjoyed with the opening earlier this year of an NBA store that it has been operating in London, in cooperation with ...
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News briefs
Shake-up in Alibaba’s top management
Maggie We, the long-time finance director of the Alibaba Group, is resigning as part of a reorganization of the group that will also see Jiang Fan, 36, take responsibility for its international operations. Alibaba has not been doing well since its founder, Jack Ma, complained last year about the suspension ...
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News briefs
Malmö to get Scandinavia’s largest designer outlet village
The Malmö Designer Village in Sweden is purportedly set to become Scandinavia’s largest designer outlet village. The location will put the village within 90 minutes’ travel for some 3.8 million residents in southern Sweden and greater Copenhagen, and within an hour’s travel for 26 million tourists per year. The first ...
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News briefs
SMS: More than 10.6m golfers now in Europe
The number of golfers playing on Europe’s full-length courses – 7.9 million in 2016 – now exceeds 10.6 million, according to the latest edition of the European Golf Participation Report, drawn from the research of Sports Marketing Surveys and published by The Royal and Ancient Golf Club of St. Andrews ...
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ArticleIntersport Austria enhances services during the present lockdown
At a press conference marking the start of the 2022 winter season, Intersport Austria looked to the future with cautious optimism. On the first weekend of the advent season, the retail group recorded a digital run on all the winter sports articles that its retail members are offering. Alpine skis, ...
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News briefs
Sequential settles with the SEC
The U.S. Securities & Exchange Commission (SEC) has reached a settlement with the bankrupt Sequential Brands Group, ending a pending civil suit against the American licensing company. Based on its reported assets and liabilities in the bankruptcy case, Sequential will have to pay no penalties. The SEC had accused Sequential ...
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Article
Zumiez continued to grow in Q3
Beating analysts’ estimates, Zumiez reported a 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019, when the company ...
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News briefs
Nike gets funding for apparel recycling research
The Remade Institute, a 132-member public-private partnership established by the U.S. Department of Energy (DOE) with an initial investment of $140 million, announced a funding round worth $33.2 million in new technology research, selecting 23 new projects. One of the beneficiaries will be Nike, which will explore the use of ...
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Short stops
Dec. 3 Short Stops: Adidas – FC Barcelona - Nike - Selfridges
Corporate: +++ Thailand’s Central Group denies press reports that it is involved in the acquisition of Selfridges, the iconic London-based department store operation owned by the Weston family Management: +++ After 12 years with Nike, its chief marketing officer for the Jordan brand, Sean Tresvant, is ...
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News briefs
Patagonia and Nike are charged in a Dutch court with fostering forced labor in China
We hear that the European Center for Constitutional Rights (ECCHR), with the support of human rights legal office of Prakken d’Oliveira, has filed criminal complaints against several Dutch and U.S. textile and fashion brands that have their European headquarters in the Netherlands. They argue that Patagonia, Nike, C&A and State ...
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ArticleZegna launches outdoor and ski capsule before its IPO
Source: Zegna New Zegna logo Zegna has unveiled The Outdoor Capsule, describing the line as “performance apparel and ski gear for big and small outings with elegant style.” The capsule’s exclusive pieces include ski helmets from Zegna and Kask, performance footwear from Zegna and La Sportiva, water ...
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