Latest Headlines – Page 85
-
Article
Ambitious new targets for Slinger
Slinger, the company that introduced the portable Slinger Bag for tennis balls in 2019, is targeting sales of $17 to $18 million for the financial year ending in April from this product, to the exclusion of recent acquisitions, representing year-on-year growth of between 57 and 67 percent. It expects to ...
-
ArticleNike beats Q2 estimates on strong North American showing
The Nike group reported higher-than-expected earnings and sales in the second quarter ended Nov. 30, as a strong performance in North America offset a continued slowdown in China and persistent, industry-wide supply chain challenges. In the quarter, Nike’s sales inched up by one percent to $11,357 million and were flat ...
-
Article
ABG strikes an early deal with the JD group for Reebok
The Authentic Brands Group (ABG) has secured an agreement with JD Sports Fashion for Reebok to be available for sale in all its 2,850 stores in Europe and North America, including those operating under the JD, Size?, Finish Line, DTLR, Shoe Palace, Sprinter and SportZone and their associated e-commerce platforms. ...
-
Article
Samurai is “pushing forward” beyond rugby
Capitalizing on the growing popularity of rugby and inspired by its values, Samurai is broadening the range of its apparel collections from teamwear into the wider lifestyle and athleisure sectors to address a wider community of consumers. It’s going to do this with a lot of story-telling on social media ...
-
Article
Moody’s upgrades Under Armour’s rating, pointing to opportunities outside North America
In May, Moody’s had upgraded its financial outlook for Under Armour from negative to positive and improved other metrics, considering that its turnaround had been successful. This time, it upgraded its debt ratings further following better-than-expected recent increases in sales and earnings. Moody’s again praised Under Armour for the significant ...
-
ArticleAdidas releases its first NFT collection
As we reported earlier this month, Adidas has struck deals with three producers of non-fungible tokens (NFTs) on the Ethereum blockchain: Bored Ape Yacht Club (BAYC), gmoney and PUNKS comic. The fruit of those initiatives, a first collection of NFTs under the Adidas Originals brand of lifestyle products is slated ...
-
Article
Consumer confidence dwindles in the U.K.
GfK’s Consumer Confidence Index for the U.K. has fallen by one point so far in December, remaining negative at -15, in the midst of the spreading Omicron variant, which has led to more than 100,000 new daily cases of Covid contamination. The index had improved by three points to -14 ...
-
ArticleNew threats for winter sports across the Alps
A lot of snow fell on the Alps during the first full week of December, driving many local ski fans to the slopes. However, the French ski resorts are worried about a big drop in reservations by foreign tourists, especially from the U.K., following a ban by the French government ...
-
Article
New Era Cap is refinancing itself
New Era Cap wants to refinance its existing debt, including the convertible bonds held by a minority shareholder, ACON Investments, after scoring major improvements in sales and profits in the last few months. The actual revenues of the U.S.-based headwear and apparel company, controlled by the Koch family since its ...
-
ArticleSigna Sports United goes public with a valuation of $3.0 billion
Signa Sports United (SSU), which has become the largest dedicated sports e-tailer in the world, started trading on the New York Stock Exchange on Dec. 15 with an opening price of $9.07 per share, down from an issue price of $9.43, which gave the company a valuation of $3.13 billion. ...
-
ArticlePadel Nuestro acquires Definitely Time2padel
The Spanish specialty retailer Padel Nuestro has achieved worldwide retail domination in the sport of pádel, following its acquisition over the past two weeks of Definetely Time2padel, along with its Time2padel and Padelmania banners and its Mystica brand of paddles. The terms and the price paid remain undisclosed. The company, ...
-
ArticleFIFA unveils a new commercial partnership structure
Brands will be able for the first time to take up dedicated partnerships with FIFA around women’s football and esports/gaming. The international governing body for football said the new range of partnership packages “will provide more options and flexibility for companies to connect with global football and the biggest cultural ...
-
ArticleNike acquires a London-based digital assets producer, RTFKT
Nike has acquired RTFKT (pronounced “artifact”), which the sportwear giant describes in its press release as delivering “next generation collectibles that merge culture and gaming.” The terms of the deal will not be disclosed, said NIke. Founded as a company as recently as January 2020 – by Benoit Pagotto, ...
-
ArticleFESI questions aspects of the Digital Services Act
FESI, the European Federation of the Sporting Goods Industry, said it welcomes the consumer-driven approach taken by the Internal Market Committee (IMCO) of the European Parliament in adopting a report on the future Digital Services Act (DSA) of the European Union, as it introduces an obligation to inform consumers when ...
-
Article
YAC shareholders voting on combination with SSU
Signa Sports United (SSU) and Yucaipa Acquisition Corp. (YAC) said they expected to complete their planned business combination on Dec. 14, following approval by YAC shareholders at an extraordinary general meeting on Dec. 13. The transaction was expected to generate gross proceeds of at least $484 million, coming mainly from ...
-
ArticleSpain's Tréndico annexes an 11-store chain
The Tréndico buying group – which has come in seventh among Spain’s largest sports retailers in our recent ranking – has completed a two-year initiative and fully absorbed Grupo Rico, a smaller operation headquartered in the town of Parla, outside Madrid. Ricosport, which enjoys a strong position in the Madrid ...
-
ArticleGood 11-month results allow Accell to repay government Covid credit facility
The company’s growth in sales and profits so far this year will allow the Accell Group to fully repay its “Go-C” credit facility, issued during the Covid-19 pandemic, before the end of 2021. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal ...
-
ArticleJohnson Outdoors boosts inventories, sees recovery in diving
Johnson Outdoors ended its financial year on Oct. 1 with a year-on-year increase of 71 percent to $166.6 million in its inventories. The company said it is focused on managing supply chain constraints and related costs, indicating that the demand for its fishing, camping, water recreation and diving products remained ...
-
Article
Spektrum gets new financing to diversify and internalize
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish kronor (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector, including helmets. Spektrum was founded in 2012 by a group ...
-
ArticleAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
