Latest Headlines – Page 112
-
ArticleMesse München hails ISPO Munich Online as a success
Messe München says that its first all-digital ISPO Munich Online trade show was a “success” shared with the industry, thanks to its commitment to the world’s leading event in the sporting goods sector. We’ll soon ask our readers for some comments. Anyhow, the show’s virtual Expo Area, which featured 545 ...
-
Article
A good year for Shimano
Despite restrictions across the world in response to Covid-19, interest in bicycles and fishing boosted demand for Shimano’s products. The Japanese company’s sales in 2020 were up by 4.1 percent from 2019 to 378,040 million yen (€2.98bn-$3.61bn), while net income increased by 22.5 percent to ¥63,472 million (€501.2m-$606.5m). The gross ...
-
Article
Peloton jumps further, plans a bond issue of up to $1 billion
After reporting on another profitable quarter in which its revenues topped the $1 billion threshold, Peloton Interactive announced the launch of a convertible bond issue that may total $1 billion through a private placement intended to reduce any dilution of the shareholders’ current holdings. It will consist of an initial ...
-
ArticleNPD: The European market fell by 10% in 2020, with running down 3%
We apologize for a mistake made in an article yesterday about the running market in Germany and the four other major European countries. We run the article here again with a different first paragraph: According to NPD, the total European market for athletic footwear and apparel suffered an overall decline ...
-
Article
Lululemon establishes a Global Wellbeing Index
Lululemon has released its first Global Wellbeing Report, a survey that benchmarks the state of wellbeing worldwide with an inaugural Global Wellbeing Index. Lululemon commissioned an online survey managed by Edelman Data & Intelligence. The survey was conducted between Nov. 13 and Dec. 1, 2020 in ten countries, including Canada, ...
-
Article
Two new managing directors for Kickz
Starting on Feb. 15, two executives who were connected with the Snipes Group, Mark Petereit and Denis Horvat, will be joining the executive board of Kickz.com, the hybrid German sneaker and streetwear retailer that previously belonged to Zalando. They will take the place of two interim managing directors, Philippe Buchholtz, ...
-
Article
Sport 2000 launches sneaker.de
Sport 2000 has launched a new website, sneaker.de, as a content platform to jointly promote the products offered in the sneaker stores affiliated with the German buying group. The platform is designed as a pure content platform, not as a web store. For example, product news, campaigns and interviews, a ...
-
Article
Jean-Pierre Petit quits Royer
Jean-Pierre Petit, a seasoned French executive who previously worked for Nike and Wolverine Worldwide at a European level, is leaving Groupe Royer, a big multi-brand French footwear group, as part of a major reorganization, which has not yet been entirely finalized. The reason for his departure is the previously reported ...
-
ArticleExcept for diving, Johnson Outdoors sees good results in Q1
Johnson Outdoors delivered another strong quarter thanks to robust sales of fishing, camping and watercraft recreational products. The management said the pandemic has resulted in increased consumer interest and participation in the great outdoors, which created a high demand for outdoor products during the last half of the prior fiscal ...
-
Article
Mizuno’s profits soar
Bouncing back from a difficult first half of its financial year, Mizuno saw its net income rise nearly six-fold to 1,812 million yen (€14.3m-$17.3m) in the fiscal third quarter ended Dec. 31, 2020. Revenues progressed by 9 percent to ¥40,492 million (€318.7m-$387.6m), led by a rebound in U.S. and Japan. ...
-
Article
Brooks grew by 27% in 2020
Sales went up by 27 percent to nearly $850 million at Brooks Running last year, leading the American company to win market shares thanks to consumer insights gained through its Run-Sight Lab and the quick deployment of a multi-channel sales and marketing strategy. The consumer research helped the brand to ...
-
ArticleHoka’s 52.1% increase helps lift Deckers’ sales
Deckers Brands’ sales surged in the third financial quarter ended Dec. 31, 2020, boosted by demand for Ugg and the continued global expansion of Hoka One One. Despite headwinds from Covid-19, the group’s sales progressed by 14.8 percent from the same period last year to a record $1,078 million, with ...
-
Article
GoPro’s Q4 revenues miss estimates, but subscriber numbers soar
GoPro posted weaker-than-expected fourth-quarter revenue as Covid infections and tighter restrictions hit Christmas sales, but it remained upbeat over plans to become a subscription-based direct-to-consumer (DTC) operation. The action camera maker reported revenues of $358 million in the three months to Dec. 31, down 32 percent from a year earlier ...
-
ArticleE-commerce and wholesale offset store closures at Skechers
Skechers’ sales in the fourth quarter decreased by 0.5 percent year-on-year to $1,324 million. The results were supported by a 143 percent surge in U.S. digital sales, after the group rolled out a ”Buy online pickup in store” (BOPIS) service in time for the holiday season. Net income fell by ...
-
ArticleE-commerce and wholesale lift Canada Goose
Robust online sales globally returned Canada Goose to growth in its third fiscal quarter. Revenues for the three months ended Dec. 27, 2020, progressed by 5.0 percent to 474.0 million Canadian dollars (€309.5m-$363.8m). E-commerce was a bright spot, surging by 39.3 percent, which partly offset store closures of 30 to ...
-
ArticleColumbia expects a more normal 2021
Columbia Sportswear performed better than expected in the fourth quarter of 2020 and predicted that its results would return to 2019 levels in 2021. It exited the quarter with $791.9 million in cash and short-term investments, no bank borrowings and nearly $1 billion in total liquidity. It has refinanced its ...
-
ArticleXXL posts sharply improved results
XXL ASA improved its performance in the fourth quarter of 2020, posting a growth in total revenues of 10.91 percent to 2,572 million Norwegian kroner (€250,203-$301,140). The progress was led by the domestic Norwegian market and helped by an increase of 57 percent in e-commerce, which came to represent 25 ...
-
Article
SHER, a new Italian cycling & sports brand for women
Sara Canali, a native of Bolzano who has been practicing football, cycling and other sports since a young age, has become the sole owner of SHER Women’s Activewear, a new brand of functional and stylish sports clothing for women. She launched last May as a joint venture with Francesca Pozzi, ...
-
ArticleJD Sports buys another U.S. chain, wants more
After its $558 million takeover of The Finish Line in 2018 and its more recent $680 million acquisition of Shoe Palace on the U.S. West Coast, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa. Other acquisitions may ...
-
Article
Footway’s new online platform has teething problems
Last April’s acquisition of Sportamore and the Swedish group’s growing internationalization expanded the number of visitors and customers on its numerous websites across Europe, but reduced its profitability last year. With the inclusion of Sportamore for the last two months of 2020, the Swedish online shoe retailer reported a jump ...
