Latest Headlines – Page 101
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Primosole takes control of Samurai Sportswear
A British investment company, Primosole Holdings, has acquired a majority stake in Samurai Sportswear, a 25-year-old sports apparel producer based in Norfolk that is relatively well-known in the rugby sector. Its founder, Terry Sands, was a former team manager of England Rugby. Besides five rugby clubs in England and Hong ...
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Reebok releases update on its commitments for inclusion
Reebok has unveiled details on the progress it made over the past year in its commitments to fight racism and to promote diversity and inclusion. Progress is listed based on five pillars: Human Rights Award, Product with Purpose, BOKS re-focus, Talent Practices, and Change Management. Over the past year, Reebok’s ...
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Sales more than double at Blue Tomato’s parent
Exceeding the financial analysts’ projections, global sales jumped by 102.6 percent to $279.1 million in the first quarter ended May 1 for Zumiez, the U.S.-based action sports retailer whose assets include the physical and online shops of Blue Tomato in Europe. The strong performance led the company to post a ...
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Lululemon’s Q1 sales leaped by 88%, showing accelerating trends
Lululemon Athletica’s share price jumped by 12 percent the day after the company announced very strong growth in sales and earnings for its first quarter, ended on May 2, beating analysts’ estimates. As customers returned to its brick-and-mortar stores and the e-commerce business continued to expand, albeit at a lower ...
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ArticleCovid has created many new young and female runners
Running has been one of the sports that have benefited the most from the Covid-19 pandemic, along with golf, cycling, home fitness, surfing, hiking and a variety of other outdoor sports. According to a global survey of 3,961 current runners, 28.76 of them started to run during the pandemic, Questioned ...
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ArticleJD transfers Dutch chains to ISRG
JD Sports Fashion says it has agreed to sell two Dutch chains of sporting goods stores, Aktiesport and Perry Sport, to the Iberian Sports Retail Group (ISRG), in which it holds a controlling interest off 50.02 percent, for £16.5 million (€19.2m-$23.3m). The rationale behind the transaction, which is expected to ...
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ArticleAdidas releases an update on its commitments to equality and inclusion
Adidas has provided a new update to its “Creating Lasting Change Now” commitments, which revolve around diversity, equity and inclusion within the company and across communities. Among the advances highlighted in the factsheet is the launch of a global “Creating a Culture of Inclusion” training program for employees, in which ...
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Swiss Snowsports Initiative appoints new VP
The non-profit organization Swiss Snowsports Initiative appointed Virginie Faivre as its vice president at the start of May. She has replaced Pierre Pfefferlé, who was instrumental in the development of the initiative’s website, GoSnow.ch. A native of Lausanne, Faivre is a former world freestyle ski champion and now sits on ...
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ArticleFESI report indicates a recovery in the sports goods sector
A new survey conduct in April by the Federation of the European Sporting Goods Industry (FESI) indicates that most sporting goods companies are now “on their way to recovery;” despite the difficulties they have been going through over the last 12 months. The picture is, however, quite diversified. The outdoor ...
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ANWR’s financial services offset declines at retail
The German-based ANWR Group, whose holdings include the Sport 2000 business in Germany, Switzerland and the Benelux countries, looks back on a challenging year in its annual report. Despite the difficult situation in the retail sector caused by the Covid-19 crisis, the operating result shows a slight increase to €17.8 ...
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ArticleA drop of 9% at Sport 2000 International
Sport 2000 International reports a decline in the retail sales of its affiliated members of almost 9.0 percent in terms of euros to €4,326 million in 2020, due to the pandemic. The figure includes VAT and applies to the 3,615 stores managed by retailers in 22 countries by the end ...
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ArticleSports and outdoor brands emerge as circularity champions
Sports and outdoor brands are among the companies that have made the most progress toward circularity, a new report from Textile Exchange suggests. According to the study, titled “Material Change Insights Report,” the circularity score of Outdoor/Sports companies increased by 57 percent in 2020, as compared to an average increase ...
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ArticleVF launches new incubator platform for innovative business models
VF Corp. has launched Venture Platforms, an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new initiative will add a specific innovation-focused component to the existing brand portfolio strategy by identifying and investing in new, forward-looking companies and business models. “We’re interested in ideas ...
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Improving results at retail in Japan
Improving results have been reported by the three major Japanese sports retailers. Xebio finished its own fiscal year on March 31 with a second sequential quarterly increase in revenues, but not enough to offset previous declines. Its net income for the full financial year inched up to ¥412 million (€3.1m-$3.8m) ...
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Some more Japanese brands are turning the corner
Besides Asics, Mizuno and Goldwin, whose latest results have already been covered, some other Japanese companies have reported better results for the three months of 2021. The foreign exchange impact was slight. For one of them, Yonex, this was insufficient to record an improvement for the full financial year, however. ...
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ArticleReport ranks Lululemon and Adidas highest for avoidance of forced labor
Of the 37 companies examined by KnowTheChain, the ten footwear or apparel companies that are most conscientious in terms of supply-chain labor policy, scored on a scale of zero to 100, are: Lululemon (89), Adidas (86), PVH (74), Gap (70), Primark (69), Nike (62), VF (62), Puma (58), H&M (55) ...
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Intersport Austria’s retail members regain their shares
The retail members of Intersport Austria will regain ownership of the shares in their national cooperative, which had been transferred to Intersport Germany in 2013 on an interim basis. The aim at the time was to provide the Austrian retail organization with economic support following the pull-out of its largest ...
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Topsports’ annual revenues grew by 7%
Topsports, the leading Chinese sports retailer and distributor, which previously belonged to Belle International, has reported a 20 percent increase in net income to 2,770.1 million yuan renmimbi (€355.0m-$401.5m) for the financial year ended Feb. 28 on a 7 percent increase in sales to RMB 36,009 million (€4,014.0m-$5,218.7m). The gross ...
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Wildberries: Extended work holiday boosts the market in Russia
Sales of sporting goods on Wildberries’ website jumped by 111 percent as compared to the year-ago period after Russia President Vladimir Putin backed a proposal by the head of Russia’s health watchdog to introduce a 10-day no-work holiday from May 1 to 11 to help prevent a surge in new ...
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ArticleVF pledges to eliminate child labor
VF Corp. has created a new Child Rights Action Pledge to strengthen children’s rights and eliminate child labor throughout the global apparel supply chain by 2025. As part of its pledge, VF commits to integrate the Children’s Rights and Business Principles developed by UNICEF, the United Nations Global Compact and ...
