Latest Headlines – Page 144
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North Sails expands its involvement in the America’s Cup
North Sails has stepped up its involvement in the iconic sailing competition by becoming the official clothing partner of the 36th America's Cup presented by Prada. The race will start in April 2020, and will crown a winner in early 2021. North Sails has been supplying clothing and sails for ...
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Macron strengthens its position in football
Macron, the Italian sportswear firm based in Bologna, has ranked third among the technical sponsors of European football championships. According to a recent report by IQUII Sport, a business unit of IQUII, Macron now has a market share of 10.5 percent, up from the previous 9.7 percent. The IQUII's report ...
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Culture wars are raging at Nike
Nike's own employees marched on its headquarters in Beaverton, Oregon, on Monday, Dec. 9: the day it reopened a building named after Alberto Salazar, former head of Nike's Oregon Project.Despite record profits, Nike has had a rough time lately in the so-called culture wars. Reports in the press on its ...
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Iconix’ founder is charged with fraud
The Iconix Brand Group's founder and former chief executive, Neil Cole, 62, has been charged by U.S. federal prosecutors with being involved in an accounting fraud scheme. Cole is charged with ten counts of accounting fraud including securities fraud, making false filings with the U.S. Securities & Exchange Commission and ...
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Rapala restructures and issues a bond
Rapala VMC, the big Finnish-based fishing-tackle company, has announced a group-wide plan to save €10 million in costs by generating efficiencies and internal synergies, lowering operating expenses and reducing net working capital.It will also be centralizing its distribution in Europe. To this end, Rapala has appointed Jean-Philippe Nicolle to the ...
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A “Hands-Free” ski boot by Nordica
Nordica has released a new “Hands-Free” ski boot that is primarily aimed at skiers – typically elderly – who have trouble bending down. The brand's new HF series will be available globally for the autumn/winter 2020/21 season. The first model of the series, the HF110, became available this month at ...
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Lululemon keeps delivering
Lululemon Athletica remains in strong growth mode, although it's moderating slightly. Its results for its second fiscal quarter, ended on Nov. 3, remained impressive, exceeding the management's guidance and sending the stock up by $3.50 to $233 for a total valuation of $30.5 billion.Net earnings jumped by 33.0 percent to ...
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Fishing and camping lift Johnson Outdoors’ results
Boosted by solid gains from fishing and camping, Johnson Outdoors returned to profit in its fourth fiscal quarter, ended on Sept. 27. The group's net income reached $3.9 million, against a net loss of $4.9 million for the corresponding period in 2018. The management said this was largely due to ...
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Strong growth for China Dongxiang
Thanks to structural reforms such as the introduction of a direct-franchise model to ensure a sufficient supply of products in the stores, the Chinese sports company's revenues were up by 14.2 percent in the first half ended on Sept. 30, reaching 899.3 million yuan renmimbi (€115.1m-$128.1m).China Dongxiang owns the rights ...
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Stella’s revenues drop by 2% on soft European market
Stella International's revenues for the third quarter were down by 2 percent from the year-ago period to $447.9 million. The Chinese shoe manufacturer blamed the decline on its strategic decision to prioritize margin improvement over growth in shipment volumes.Half of the drop came from Europe, with sales down by 85 ...
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Ispo Brandnew 2020 selects the eight winners
The winners of Ispo Brandnew 2020, the competition organized by Ispo among start-ups in the sports industry, have been announced. In order to address the changing demands of the industry, eight new categories were created for the 2020 edition. An interdisciplinary jury of independent experts selected a shortlist of 50 ...
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VF Corp. sets new social and environmental targets
In 2016, VF Corp. presented its “Made for Change” sustainability and corporate responsibility strategy, which describes the company's approach to balancing growth, value creation and innovation – as well as its commitment to lead the entire industry into a more sustainable future.The most recent edition of the report, published in ...
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ArticleThe global sports market grew by 7% in 2018, says NPD
The growth of in the consumption of sporting goods quickened to 7 percent in constant currencies in 2018 from 5 percent in the previous years, according to the Global Sports Market Estimate of the NPD Group. The market rose to a level of $471 billion including bicycles and accessories, which ...
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The Russian market is apparently rising
Russian consumers have been purchasing sporting goods more frequently in the last few months, basically opting for more expensive options than a year ago, according to certain findings from a market study that have been released by a government agency, Platform OFD. The agency estimated that it rose by 15 ...
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The South Korean market is down by 5%
Many foreign outdoor brands, led by those from Japanese, have reported worsening market conditions lately in South Korea, the seventh-biggest sporting goods market in the world. Dong Chil Kwon, head of Treksta and a former chairman of the local outdoor industry association, predicts that the Korean outdoor market will drop ...
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Intersport’s internet platform widens its reach
After doing its own thing in the area of e-commerce, as the Intersport organizations in France and some other countries are still doing, Intersport Germany has decided to take part in the international development of Intersport 2.0, the omni-channel digitalization strategy of Intersport International Corporation (IIC).
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China’s Topsports doesn’t disappoint with first results since IPO
After raising $1.01 billion in an initial public offering on the Hong Kong stock exchange last month, Topsports International Holdings, the sports retailing arm of Belle International, published strong results for the six months ended on Aug. 31. Sales rose by 12.4 percent as compared to the year-ago period to ...
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New records for Alibaba’s Singles Day
The gross merchandise value (GMV) generated by Alibaba’s 11th Singles Day hit a record of 268.4 billion yuan renmimbi (€34.7bn-$38.3bn), eclipsing last year’s score by 26 percent, thanks in part to a longer pre-sales period, a larger assortment of discounted products, the extension of the festival to new markets outside ...
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Nike will boycott new Russian transport route
Nike has made a formal pledge, which has been publicized in the Russia media, to never transport its goods through the Northern Sea Route (NSR) in a bid to help protect the Arctic from environmental challenges. The NSR is a new alternative route for shipments between Asia and Europe, passing ...
