Latest Headlines – Page 118
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WHO issues tougher physical activity guidelines
The World Health Organization (WHO) has released a new version of its recommendations on the amount of physical activity that is required to offer significant health benefits and mitigate health risks. According to the agency, four out of five adolescents and one out of four adults are not practicing enough ...
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Germany calls for a European stance on ski tourism
German Chancellor Angela Merkel is calling for a joint decision by the member countries of the European Union to keep their ski resorts closed until at least the end of the year, in order to minimize contamination from Covid-19 among skiers, but she has some opponents. She has the backing ...
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ArticleA shorter retail lockdown will benefit the trade
Fortunately for European sporting goods retailers, the second wave of the coronavirus pandemic appears so far to have been more manageable, leading some governments to relax a ban on sales of non-essential products in physical stores after only about one month of enforcement – a lot less than during the ...
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Few sports brands in the Dow Jones Sustainability Index
Sustainability has become an increasingly important issue in the sporting goods sector. However, after being on the list for 20 consecutive years, Adidas is absent from this year’s Dow Jones Sustainability Index (DJSI). The annual DJSI, which has reached its 21st edition, assesses the sustainability performance of the largest 2,500 ...
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EU issues a new IP Action Plan, Fesi wants more
The European Commission has adopted a new Intellectual Property (IP) Action Plan to help fight against counterfeiting which includes the establishment of a new EU Toolbox against these practices. The Federation of the European Sporting Goods Industry (Fesi) welcomes the initiative as “a good first step,” but feels that more ...
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Tradeinn thrives, partners with Klarna
Tradeinn has signed a deal with Klarna – the online payment platform founded in Sweden and now headquartered in Ohio – to offer an installment plan (in three payments) to customers who wish to make big purchases on its websites. To promote its sales further, Tradeinn will be offering a ...
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ArticleArc’teryx opens first Icon Store with flexible DTC services
Arc’teryx has launched a new retail store concept called The Icon Store. The first store was opened in Walnut Creek, California, on Nov. 12 with 77 square meters of floor space, inspired “by wood-frame backcountry huts.” The compact store is designed to streamline the shopping experience by showcasing only a ...
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Expanded: Foot Locker books 7.7% higher same-store sales in Q3
Foot Locker reported an increase in same-store sales of 7.7 percent for the third quarter, ended Oct. 31. In absolute terms, the company’s revenues grew by 9.0 percent to $2,016 million, with a 7.7 percent rise in local currencies, beating analysts’ estimates. Digital sales jumped by 52 percent, representing 21.4 ...
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ArticleWellness, sustainability, localism, online interaction are growing trends with Covid
For months, fashion industry entrepreneurs and retailers have been struggling with the effects of the coronavirus pandemic while at the same time trying to map out future strategies in a rapidly-evolving commercial environment, and the same applied to brands and retailers in the sporting goods sector. In a webinar titled ...
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ArticleGoldwin’s sales and profits dwindle
Goldwin’s revenues dropped by 16 percent to ¥19,358 million (€157.4m-$182.5m) in the second quarter ended Sept. 30, and the Japanese sports apparel company’s net income tumbled by 59 percent from the year-ago period to ¥915 million (€7.4m-$8.6m). The gross margin fell by 1.4 percentage points to 50.6 percent. Golwin spoke ...
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ArticleExpanded: Denmark’s Sport24 chain plans a move abroad, online
Sport24, a young and fast-growing Danish sports chain, is aiming at expanding abroad online, starting in 2021. The scope of its international development will be defined after carrying an analysis of about 15 European countries as of January and hiring a group of people to work on this project, says ...
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Brooks grows by 49%
The Covid-driven running boom led Brooks Running to score a 49 percent sales increase in the third quarter of 2020. In the U.S., the brand’s market share in the performance running category gained four percentage points in the quarter as compared to a year ago, according to NPD. Without sharing ...
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Sumitomo raises guidance for its sports division
Sumitomo Rubber Industries’ sports division bounced back from a poor second quarter, posting an operating profit of ¥1,041 million (€8.4m-$9.9m) in the third quarter, against a loss of ¥519 million (€4.2m-$4.9m) in the year-ago period. Sales in the sports division, which includes brands such as Srixon, XXIO, St. James and ...
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ArticleNPD: The sports market recovered in Q3 in Europe, but pure e-tailers lost market share
The consumption of sports apparel and footwear declined by 11.5 percent in the first nine months of 2020 in the five major European markets – Germany, France, Italy, Spain and the U.K. – according to NPD, which has kindly agreed to share with us again some of the detailed market ...
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Vulcabras achieves good revenues for the third quarter
After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to generate a significant sales increase year-on-year. The parent company of Olympikus, which is also the Brazilian licensee for Under ...
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Fila fell by 7% in Q3 without Acushnet
The Fila Group is bouncing back after ending in the red in the second quarter, thanks to stronger demand for golf products. Its revenues rose by 5.8 percent to 917,431 million Korean won (€698.6m-$772.5m) in the third quarter. Excluding revenues from the recently-acquired Acushnet, revenues from the Fila brand went ...
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Fesi publishes a Covid survey ahead of a conference in Brussels
The European Commission was scheduled to organize a major conference on Nov. 17 about the recovery of the sports sector after the coronavirus crisis. The Federation of the European Sporting Goods Industry (Fesi) said it hopes that its recommendations have been taken into account. It considers that sport and physical ...
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Schuhe24 buys an online platform for bike dealers
The German Schuhe24 Group, which manages an online marketplace for independent retailers in many sectors, including sports retailers, is branching out into the hot bicycle segment by joining Bike-Angebot.de and taking over majority control. That company claims it operates the largest platform for bicycle dealers in Germany, carrying over 25,000 ...
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Losses continue for Yue Yuen
Despite China’s resilience against the pandemic in the third quarter, Yue Yen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng Chinese ...
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A glimpse into next year’s Ispo shows
The three top executives of Messe München charged with Ispo’s development and digital transformation – Tobias Gröber, Jeanettee Loos and Markus Hefter – gave a few details about the format of the next Ispo Munich and OutDoor by Ispo shows at the end of the virtual general assembly of Assosport, ...
