Latest Headlines – Page 132
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EU-Vietnam FTA may widen the gap with Cambodia
The Federation of the European Sporting Goods Industry (Fesi) has applauded the ratification by the National Assembly of Vietnam of the Free Trade Agreement between the European Union, removing one of the last obstacles to its passage after eight years of negotiations. Jérôme Pero, secretary general of Fesi, said it ...
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Japanese chip-maker invests in antimicrobial and ecological fabrics
Murata Manufacturing, a Japanese-based manufacturer of high-tech electronic components, has partnered with a Japanese supplier of yarns and fabrics, Teijin Frontier, for the research, development, production and sale of a new fabric with antimicrobial and deodorizing properties. Clothing, and in particular sportswear, comes first on the list of future applications ...
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Covid-19 was still an issue in May, according to WFSGI’s monthly survey
(Updated and expanded) Many factories have re-opened on a large scale, after a period in which half of the industry was confronted with the closure of the suppliers’ facilities, but the supply chain has not yet adjusted to the effects of the recent retail lockdowns in many parts of the ...
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ArticleOpinion: Amazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
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China grows again for Adidas
Adidas reports that its overall business in Greater China turned positive in May, as compared to a year earlier, leading it to predict more or less flat revenues in the region during the second quarter ending on June 30. The region represents about one-quarter of the Adidas Group’s total turnover ...
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ArticleEncouraging launch for the first UYN footwear line
Trerè Innovation, the Italian knitter of functional products, is confident that its new UYN brand of garments, shoes and accessories will reach by 2021 or 2022 the same level of sales that it registered with its X-Bionic garments and its X-Socks until its European manufacturing and distribution license with the ...
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Karstadt Sports and SportScheck to get closer or divorce
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of SportScheck in Unterhaching ...
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Canada Goose was resilient against Covid-19
Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had been ...
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Melody Harris-Jensbach will leave Jack Wolfskin
Melody Harris-Jensbach, the seasoned executive who has been running Jack Wolfskin for the past six years, will soon be leaving the German outdoor brand. According to a press release, Callaway Golf Company, which took over Jack Wolfskin at the beginning of 2019 for around €418 million, and Harris-Jensbach had already ...
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ArticleDecathlon targets a 7.5% margin on 10-15% lower sales in 2020
While predicting a drop of between 10 and 15 percent in its global sales for this year, due to the Covid-19 pandemic, Decathlon is planning to accelerate its investments in omni-channel retailing and the development of certain product categories to improve its chances for a relatively quick recovery. Thanks in ...
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ArticleLessons Learnt from the Current Corona Crisis on the Legal Risk Management of Supply Chain Issues
A guest article by Jochen Schäfer: The Covid-19 pandemic has thrown the European and world economy into a toxic cocktail of extreme turbulence and challenges, which are far bigger than those experienced during the 2008 financial crisis. While it may be too early to talk about the lessons that I ...
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Brands signal their stance on racism as U.S. cities burn
The videotaped death on May 25 of George Floyd, a 46-year-old black man, at the hands of white police officers in Minneapolis, Minnesota, has served both as a rallying cry for peaceful protests there and in other parts of the world as well as a pretext for riots across the ...
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Who are Planet Sports’ new owners?
A German-Swiss investment company, Invision, and the founding team of a German online specialist, TonerPartner.com, have announced that they have taken over Planet Sports, the pioneering German multi-channel action sports retailer, with the consent of the German Cartel Office, retroactive to May 1. The TonerPartner Group, founded in 1993 and ...
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Karstadt Sports is integrated more closely with SportScheck
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck in Unterhaching near Munich. ...
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Descente swings to a loss
Hampered by the coronavirus outbreak, Descente ended its financial year on March 31 with a net loss of 2,481 million yen (€20.9m-$22.8m), against a profit of ¥3,944 million for the previous year. Its revenues fell by 12.8 percent to ¥124,561 million (€1.0bn-$1.1bn) for the twelve months. The gross margin dipped ...
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China’s Topsports grows despite Covid-19
Topsports International Holdings, the sports retailing arm of Belle International, published good results for the year ended on Feb. 29, although the growth slowed drastically at the end of the period due to the pandemic. The Chinese group, which raised $1.01 billion in an initial public offering on the Hong ...
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Asics exceeds sustainability targets
In 2019, Asics achieved a 27.9 percent reduction in CO² emissions per pair of shoes during the manufacturing process as compared to 2015 baseline levels, exceeding the 10 percent target that the company had set for itself by 2020. This is the headline result in Asics’ 2019 Sustainability Report, which ...
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Europe lifts Fila’s results
South Korea’s Fila Holdings Corp, the parent company and co-owner of Acushnet, grew fast in 2019, especially in Europe, where momentum remained strong. For the 12 months ended on Dec. 19, Fila Korea’s licensing royalties from the region surged by 46.5 percent from the previous year to 39,186 million Korean ...
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ArticleMore than 6,000 visitors at Oberalp's virtual convention
The first virtual sales conventions organized by Schöffel and Oberalp went better than expected, as we have already reported. We have also learnt in the meantime at at least two other outdoor sporting goods companies, Mammut and Vaude, have also held their own digital sales meetings. Organizing three different “studios” ...
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ArticleTecnica Group performs better than expected
Tecnica Group reported better-than-expected results for 2019, adding that e-commerce and sales of outdoor products and inline skates were positive in the first quarter of 2020, despite the Covid-19 pandemic. The net turnover of the group went up by 6.4 percent to a record €424 million in 2019, which was ...
