Latest Headlines – Page 103
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Stores remain closed in Germany, will reopen in France
Sporting goods stores and other so-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April ...
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ArticleNew RecallDesk eases burden of product recalls in Europe
The expensive product recall at Peloton Interactive, which is expected to lead to extraordinary charges of $125 million for this fast-growing American home fitness equipment company, is sending out a strong signal that the sporting goods industry must be better prepared to face similar issues, partly because the technology behind ...
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Padel Nuestro seeks investors
According to anonymous sources cited by CMDsport, Grupo Padel Nuestro is in late-stage negotiations with various operators in the pádel market and other investors. The Spanish group hopes to raise capital chiefly for international expansion. According to the report, the negotiations follow on the heels of failed negotiations, from the ...
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ArticleE-commerce helps Alpargatas to grow by 33%
Alpargatas, the parent company of Havaianas and Osklen, saw first quarter sales rise by 32.7 percent to 901.3 million Brazilian reais (€137.9m-$165.5m), posting its best first quarter in a decade as growth accelerated both domestically and abroad following the continued easing of Covid-19 lockdown measures. The group is no longer ...
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Vulcabras reports higher sales, lower margins
Vulcabras reported strong sales in the first quarter of 2021, rising for a third consecutive quarter despite the impact on the Brazilian company of the Covid-19 pandemic, which led to the closure of physical retailing in the country at the beginning of March. Due to the lockdowns, a significant part ...
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TaylorMade being sold to a Korean private equity firm
KPS Capital Partners has announced that it has signed a definitive agreement to sell TaylorMade Golf to Centroid Investment Partners, a private equity firm based in Seoul. The financial terms of the transaction have not been disclosed, but the price of the acquisition has been set at 1.8 trillion Korean ...
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A 3bn goal for Champion’s sales in 2024
The “Full Potential” roadmap set by Steve Bratspies, who became the CEO of Hanesbrands last summer, calls for Champion to achieve a compound average growth rate (CAGR) of 14 percent in the next three years, taking its annual turnover from about $2 billion this year to $3 billion by 2024. ...
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ArticleFormer ISPO chief quits Boardriders
Peter Knoll, a former manager of the ISPO trade show in Munich, has left Boardriders, where he was most recently general manager for Germany, Austria and Switzerland. The 55-year-old executive says his departure was mutually agreed due to differing views on organizational and strategic changes within the company. His position ...
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Home fitness momentum boosts Nautilus' results strongly
Nautilus, which is changing its financial year-end from Dec. 31 to March 31, reported a massive increase in net income to $20.4 million for the three months ended in March from just $2.2 million in the year-ago period, as revenues more than doubled to $206.1 million from $93.7 million. The ...
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Callaway Golf’s sales soar amid Covid recovery
Callaway Golf Co. saw revenues in the first quarter soar by 47.3 percent as compared to the year earlier to $651.6 million, amid “unprecedented” demand for its golf equipment and a faster-than-expected recovery from the Covid-19 pandemic for Jack Wolfskin and the rest of its s oftgoods businesses and the ...
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ArticleMarkus Hefter leaves ISPO
After working for Messe München for 18 years, Markus Hefter has left the company, where he held the position of exhibition director for the ISPO Munich and OutDoor by ISPO trade shows, apparently to pursue a new opportunity with a yet unnamed Swedish company later in September. We understand that ...
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ArticlePolygiene eyes China while sales soar by 141%
Polygiene, the Swedish-based provider of antimicrobial solutions, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter of 2021, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings, a global supplier of antibacterial additives ...
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ArticleLockdown living drives demand for Johnson Outdoors in Q2
Continued demand for outdoor recreation products from people stuck indoors during the Covid pandemic helped Johnson Outdoors to report a surge in second-quarter sales and profits. Total sales rose by 26 percent year-on-year for the period ended on April 2, reaching a level $206.2 million. The group’s gross margin dipped ...
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Acushnet tees off new year with sales surge in Q1
Acushnet Holdings reported a 42 percent jump in first-quarter revenues, boosted by strong demand for its Titleist and FootJoy products as golfers returned to the fairways after Covid lockdowns. Kjus, too, enjoyed some growth in the quarter as gains in golf and lifestyle offset a decline in skiwear. In the ...
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High-end cameras and subscriptions pull up GoPro
GoPro said its revenues surged by 71 percent to $204 million in the first quarter to March 31 on the back of increasing demand for its higher-end cameras and a rise in customers’ subscriptions. The company reported a net loss of $10.2 million for the period, down sharply from a ...
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Peloton reports 141% higher sales, sees a $165m hit from product recall
Just after announcing a recall of its connected home treadmills, Peloton Interactive reported better-than-expected sales and a smaller net loss for the third quarter ended March 31 as the demand for its stationary bikes, which represent the bulk of its business, remained strong and the company was successful in speeding ...
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Buying groups partner with Nike and Brooks on charity runs
To help support sports clubs in Germany that are under pressure as a result of the Covid-19 restrictions and following withdrawals, Nike and Intersport are joining ranks for the launch of the new Nike Pegasus 38 running shoe with a “Keep Clubs Running” charity campaign, in which donations of up ...
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Zalando lifts FY guidance after sales jump by 47%
Zalando once again hiked its sales and profit forecasts for 2021 after its revenues jumped in the first quarter by 46.8 percent to €2,238 million, marking the company’s strongest growth since it went public in 2014. To keep up with the pace of expected future growth, the fashion-oriented e-retailer also ...
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In a switch, Peloton recalls its treadmills
Acting in conjunction with the U.S. Consumer Product Safety Commission (CPSC) and after refusing last month to do so, Peloton Interactive has issued separate product recalls for its Tread+ and Tread treadmills, of which about 125,000 have been sold so far. The affair stems from the death, on March ...
