All Sporting Goods Intelligence articles in Volume 34, Issue 17+18 – Page 4
-
ArticleSprinter, Deporvillage hope to open new chapter with new store
Sprinter has opened a big store – on the former premises of an IKEA – that it hopes will serve as a watershed, separating its past from its future, according to Diffusion Sport and other sources in Spain. Located at the Alcora Plaza de Alcorcón shopping center in Madrid, the ...
-
ArticleSkechers raises full-year guidance after strong Q1, but braces for domestic wholesale headwinds
Skechers raised its guidance for earnings and revenues for the full year after reporting better-than-expected results in the first quarter, when its top line rose by a reported 10.0 percent compared to the year earlier to reach a new record for the period of $2,001.9 million, coming in above an ...
-
News briefsVeNetWork acquires Unimonteco and creates VeNeSport, a new sports shoes network in Italy
VeNetWork SpA, a business accelerator that brings together 73 entrepreneurs from Italy’s Triveneto area, has announced the creation of VeNeSport, a new network of companies with a focus on sports footwear. Innovation consultant Flavio Alberti will head VeNeSport as the network’s president. The first company to join the new network ...
-
Infographics & DataChinese consumer preferences
McKinsey sees a Chinese market with “robust underlying demand.” But what leads to consumers’ preference for local over international brands?
-
ArticleColumbia’s Q1 revenues bolstered by early spring shipments, DTC channel
While Columbia Sportswear generated both lower gross and operating margins in Q1, the company was able to report 10 percent constant-currency revenue growth to $820.6 million thanks to early shipments of Spring 2023 wholesale orders and a reported 4 percent increase in direct-to-consumer sales to $368.1 million. “2023 is off ...
-
ArticleRecord year for Groupe Rossignol
After a strong upswing in fiscal 2021/2022 with sales of €313 million, Groupe Rossignol reported exceedingly strong growth of 28 percent and sales of €401 million for fiscal 2022/2023, which ended March 31, 2023. Established 116 years ago in the French Alps, Groupe Rossignol is now known and respected worldwide ...
-
News briefsSkechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
-
News briefsIntersport to acquire Go Sport
The commercial court of Grenoble has come to a decision with respect to Go Sport Group, ruling today in favor of Intersport France’s bid for the company, according to BFM Business. Making its offer in a joint venture with the Qatari firm Al-Mana, Intersport has prevailed over about 20 companies ...
-
News briefsAnta Sports publishes Supplier Sustainability Management Handbook
Chinese group Anta Sports has published its Supplier Sustainability Management Handbook, a 97-page document that “applies to all suppliers and their subcontractors relating to production, processing, storage, and distribution of brand products under Anta Sports.” The document includes a series of guidelines to ensure compliance with the ...
-
News briefsUEFA is considering Champions League final in the U.S.
In an exclusive interview with Men in Blazers, a soccer-focused media company in North America, UEFA president Aleksander Čeferin said that the UEFA Champions League final could be held in the U.S. in the future as UEFA seeks to capitalize on the sport’s rising popularity in the country. The Champions ...
-
News briefsUnder Armour sued over midsole patents
Athalonz, LLC, a company that distributes golf and baseball shoes, has filed suit against Under Armour in the East Texas District Court, accusing the company of infringing patents on its Hovr, Curry 4 FloTro and Harper 7 models for specially shaped midsoles with variable foam density designed to provide wearers ...
-
News briefsFanatics appoints new head of investor relations
Fanatics, the world’s leading digital sports platform, has just hired a new head of investor relations with experience in publicly traded companies. Deborah Crawford, most recently VP and head of IR at Meta, has been named SVP and head of investor relations at Fanatics, rumored for years to be planning ...
-
News briefsAmazon winds down its line of Halo health and fitness devices
Amazon has announced that it will stop supporting Halo, effective July 31, 2023. In practical terms, it means that beginning on Aug. 1, 2023, Halo devices and the Halo app will no longer function. The decision was due to “significant headwinds, including an increasingly crowded segment and an uncertain economic ...
-
News briefsNike to open new 1,200 sqm concept store in the U.K.
Nike will open a new, digitally focused, 1,200-sqm store in Manchester, U.K., in the city’s Arndale shopping center. The two-story store will focus on the Nike Rise concept, which uses digital services to empower athletes to make sport a daily habit, according to RetailGazette.co.uk. Manchester Arndale is one of the ...
-
News briefsVista Outdoor PAC donates $85,000 to five nonprofits
Vista Outdoor has announced that it will donate $85,000 in unused funds from the Vista Outdoor Political Action Committee (PAC) to five American-based nonprofit organizations. The funds will be split evenly between the Congressional Sportsmen Foundation, National Interscholastic Cycling Association, Recreational Boating and Fishing Foundation, American Junior Golf Association, and ...
-
News briefsFrasers Group to introduce loyalty scheme across all brands
Frasers Group, the owner of Sports Direct, is set to launch a new membership program called Frasers Plus in the U.K. market. Speaking at the World Retail Congress in Barcelona on April 26, Frasers Group’s chief executive, Michael Murray, described the solution as the retailer’s version of Amazon Prime. Frasers ...
-
ArticleFirst Intersport flagships open in Germany
Engelhorn Sports in Mannheim, L&T in Osnabrück and Sport Reischmann in Kempten and Ravensburg are the first four German sports retailers to operate under the new Intersport flagship concept, for which a new Intersport logo in an exclusive color scheme was created. With the new concept, Intersport Germany says it ...
-
News briefsAlpargatas’ CEO to step down
Brazilian footwear and apparel group Alpargatas, owner of flip-flop sandal brand Havaianas, informed its shareholders on April 27 that members of the board of directors have received the resignation letter of Roberto Funari, the company’s CEO. As a result, the board has decided to appoint Luiz Fernando Ziegler de Saint ...
-
ArticleCrocs raises FY revenue outlook, banking on markets outside U.S. to pace growth
Markets outside the U.S. are forecast to generate Crocs’ highest FY23 revenue growth rates and help the group deliver 11 to 14 percent reported sales expansion this fiscal year to a range of $3.95 to $4.05 billion. Crocs brand sales are projected to increase by 7 to 9 percent with ...
-
ArticleHDE calls on EU to take more cues from German supply chain law
On the occasion of the European Parliament’s Legal Affairs Committee voting in favor of the current compromise text on the EU Supply Chain Act (Corporate Sustainabilitiy Due Diligence Directive), the German Retail Association (Handelsverband Deutschland, HDE) has raised the alarm that the proposed supply chain regulation will overburden small and ...
