Latest Headlines – Page 92
-
Article
Warnings about the recovery in the eurozone
The weekly tracker of economic activity compiled by the OECD rose above the comparable 2019 level at the beginning of September in most of the eurozone countries on a 4-week rolling basis. It was particularly high in Italy and Belgium, but some economists predict that the eurozone’s recovery may slow ...
-
ArticleRevo boosts sales management, launches new high-end range
While launching a new high-end line of sunglasses, Revo has appointed three new vice presidents. Jerry Bedingfield is now vice president of sales for the sport and specialty segments in North America, while Christoph Nitz and Kurt Plunger both now hold that same title for Europe. Bedingfield has been working ...
-
Article
iFIT Health & Fitness seeks $6.7 bn valuation
iFIT Health & Fitness, the Utah-based fitness equipment supplier formerly called Icon Health &Fitness, is proposing a price per share of $18 to $21 for its initial public offering (IPO), which is likely to take place sometime next week. The parent of brands such as NordicTrack and ProForm plans to ...
-
ArticleCanada Goose to start selling its first boots on Nov. 12
Source: Canada Goose Canada Goose journey boot Canada Goose announced the widely expected market launch of its first footwear line on Nov. 12, starting with two luxury-priced snow and hiking boots offered at suggested retail prices of $750 and $1,295. The new product launch follows six months ...
-
Article
Peloton diversifies into strength training and more
Predicting an adjusted Ebitda loss of $325 million for the current financial year, ending in June 2022, Peloton Interactive told the Goldman Sachs Communacopia Conference that it will be a year of important new product releases as well as strong investments in marketing, supply chain and IT. Notably, the company ...
-
ArticleNike cuts guidance as supply chain woes worsen in Q1
The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...
-
ArticleFESI supports the new GSP in part
The Federation of the European Sporting Goods Industry (FESI) has released a statement that welcomes the proposed adjustment and extension for the new ten years of the Generalised Scheme of Preferences Regulation (GSP) by the European Commission, while recommendation a clarification of the definition of “sensitive” products. The GSP grants ...
-
ArticleRip Curl helps Kathmandu’s sales to rise by 15%, but outlook is uncertain
Kathmandu Holdings said in a preliminary annual report that its sales increase by 15.1 percent to 922.8 million New Zealand dollars (€551.4m-$646.6m) in the full year ended July 31, 2021, as its Rip Curl and Oboz brands benefitted from a boom in surfing and higher participation in hiking, respectively. Instead, ...
-
ArticleBollé Brands hires new executives for e-com, sales, marketing and CSR
The Bollé Brands Group has hired new executives for its marketing, business, e-commerce and corporate social responsibility departments to support a plan to strengthen both its digital and local presence, to raise awareness of all the group’s brands - Bollé, Cébé, Spy+ and Serengeti - and to strengthen its socially ...
-
ArticleWhile opening another franchise in Spain, Nike works with fewer retailers
Last year Nike made Italy’s Percassi Group its preferred partner in southern Europe, opening six stores with the Italian firm in Greece, Italy and Portugal as well as a flagship on a major thoroughfare in Barcelona, Paseo de Gracia. According to Palco23, a Spanish news service covering the sports business, ...
-
Article
New MD, narrowed focus for Rossignol’s Spanish ski plant
The head of Skis Rossignol de España, Enric Casas, is retiring in October at the age of 65, after 35 years with the company. Casas joined Rossignol in 1986 as an engineer and went on to become a technical manager. He was appointed managing director of the Spanish manufacturing subsidiary ...
-
ArticleNew mobility show in Munich sends good signals for ISPO and other fairs
Messe München, the organizer of the ISPO fairs, says that the success of IAA Mobility, the first international in-person event of the kind in 18 months, proves that major international trade fairs can again be held in Germany like in the past. The show, where the bike sector was relatively ...
-
ArticleEurope's winter sports industry calls for uniform anti-virus protocols
The European Sporting Goods Industry Association, FESI, is circulating a statement calling on national government authorities to avoid “another catastrophic season” for the winter sporting goods industry, particularly in view of recent increases in the number of Covid infections in certain countries, which are creating the risk of “localized waves.” ...
-
ArticleOn has become one of the most valuable athletic footwear brands
After only 11 years in existence, On Running has joined other big players in the sporting goods market with its ONON ticker symbol in terms of stock market capitalization. Its parent company, On Holding, started trading on the New York Stock Exchange yesterday at $35 a share, 46 percent above ...
-
ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
-
ArticleStrong start for On Running on the NYSE
Source: On Running On runs to NYSE. Investors apparently rushed to buy the new Class A shares offered by On Holding and some of its shareholders as they reportedly started trading on the New York Stock Exchange today at around $35 per share, well above a price ...
-
Article
Extended Covid Restrictions in Vietnam are hitting companies hard
Nike and other companies are expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so ...
-
Article
JD raises FY guidance after record-setting H1 profits
JD Sports Fashion reported a profit before exceptional items and taxes of 439.5 million pounds (€515.1m-$608.8m) for the first half ended July 31, up sharply from £61.9 million in the same period a year ago, as acquisitions, the U.S. government’s stimulus package and pent-up demand allowed it to rebound strongly ...
-
Article
Zalando helps Athleta to expand to Europe
Athleta, the American direct-to-consumer women’s activewear brand owned by Gap, is partnering with Zalando to help reach new customers in Europe through its extensive digital reach and its personalized customer experience. The partnership will also help Zalando to expand its presence in sports fashion and the sports category in general. ...
-
ArticleZumiez performs better than before Covid
Zumiez has been performing well, in spite of ongoing retail lockdowns in Europe and Australia. The American action sports retailer, whose holdings include Blue Tomato in Europe and Fast Company in Australia, reported a sales increase of 7.3 percent to $268.7 million for second quarter ended July 31. The turnover ...
