Latest Headlines – Page 97
-
ArticleGarmin posts strong growth in all segments and regions in Q2
Garmin reported total revenues of $1.33 billion for the 13-week period ended June 26, which represents a 53 percent increase over the same quarter in 2020, with to double-digit growth in all segments. Net income of $317 million more than doubled from $184 million in the second quarter of 2020. ...
-
ArticleBike business treats Shimano to an excellent first half of its 100th anniversary year
Further Covid-related temporary plant and port closures on the one hand, and unabated high demand for bicycle products and fishing tackle on the other, gave Japan-based supplier Shimano Inc. a hard time in the first half of 2021. However, unlike in the first half of 2020 (when the supplier had ...
-
ArticleSuccessful first half year for Moncler, brand accelerates in Q2
Moncler Group reported consolidated revenues of €621.8 million for the first half ended June 30, compared to €403.3 million in the first half of 2020. Growth was 57 percent at constant exchange rates and 54 percent at current exchange rates. From April 1, 2021, the group’s financial report also consolidates ...
-
ArticleFIBO postponed to April 2022
After the Covid-related rescheduling of the international fitness trade show FIBO from June to November, the team of organizer Reed Exhibitions (RX) has decided to postpone the show again and move it to spring, the original FIBO season. Consequently, it will be held again on a rotational basis in 2022, ...
-
ArticlePuma becomes official apparel partner of e-sports organization Gen.G
Puma has announced the expansion of its partnership with global e-sports organization Gen.G. The previous agreement, signed in June 2020, included the production of a jersey for Gen.G’s winning PUBG and League of Legends teams, both based in Seoul, South Korea. The jerseys feature a design by Gen.G executive brand ...
-
ArticleParts shortages put on the brakes at Accell
A growing market for bike parts and accessories helped Accell Group to raise net sales for the six months to June 30 by 3.3 percent to €699.1 million, despite a drop in sales of finished bicycles due to supply and logistics problems. Order books for electric bikes remained strong, but ...
-
ArticleAsics cuts off some European retailers
Asics has decided to end relations with some retailers in Europe, starting with deliveries planned for January 2022 and afterwards, citing “unprecedented demand for our products,” combined with a challenging Covid-19 situation in many of its production countries. Running is booming, and as we have already reported, new supply chain ...
-
ArticleCrocs raises guidance as Q2 revenues stride ahead
Crocs reported better-than-expected second-quarter sales and raised its full-year guidance on the back of strong global demand for its products, despite supply chain disruptions caused by the Covid-19 pandemic. Easily beating an analyst consensus forecast of $565.2 million, the company posted record revenues of $640.8 million for the three months ...
-
ArticleSkechers’ sales rise by 127.3%, driven by comfort trends
Skechers reported a 127.3 perrcent increase in revenues to a record level of $1.66 billion for the second quarter ended June 30, with a growth of 117.5 percent in local currencies and of 31.7 percent from the second quarter of 2019. Improving its guidance for the full financial year, the ...
-
Article
Expanded: Lidl launches a golf range in many European countries
After offering sports products for fitness, running, cycling, winter sports and more, Lidl has now launched a comprehensive range of clothing and accessories for amateur golfers in many of its stores in several European countries: France, Germany, the U.K., Ireland, the Netherlands, Finland, Sweden, Denmark, Belgium, the Czech Republic, Spain, ...
-
Article
OutDoor by ISPO 2021: More conference, less exhibition
The upcoming OutDoor by ISPO, dubbed the “Global Summit Edition” and scheduled to be held in Munich on Oct. 5-7, 2021, will focus more on the conference component in combination with the European Outdoor Summit and offer a scaled-down exhibition space with pre-built booths for a maximum of 80 to ...
-
Article
IOC recognizes six new sports federations, adds ski mountaineering for Milano Cortina 2026
Six International Sports Federations (IFs) were granted full recognition by the International Olympic Committee (IOC) at its 138th session in Tokyo on July 20. The six new IFs are: the International Cheerleading Union (ICU), the International Federation of Muaythai Associations (IFMA), the International Sambo Federation (FIAS), the International ...
-
Article
More Chinese firms guide for better results
Xtep International is guiding for an increase of at least 65 percent in net income for the first half of 2021, thanks to better-than-expected revenues and higher gross margins. The company, which has also a joint venture with Wolverine Worldwide for China, had reported a profit of 247.9 million yuan ...
-
Article
StockX reaches new milestones, thanks to diversification
In a mid-year Snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming consoles, ...
-
ArticleISPO Munich to open up to consumers and tourism
For the next edition of ISPO Munich, scheduled to take place on Jan. 23-26, 2022, the ISPO Group is planning to reserve a dedicated B2C hall for consumers at Messe München’s fairgrounds. They would be invited to try out new sports and new products. They would also be introduced to ...
-
Article
Bangladesh imposes a two-week lockdown
The Delta variant of Covid-19 has led the government of Bangladesh to impose a nationwide lockdown on the country’s textile and apparel industry, which is the world’s second-largest exporter of these products after China, starting on July 23. It will come on the heels of the Muslim Eid al-Adha holidays, ...
-
Article
Recreational trends benefit Thule
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) as compared to the same period a year ago, when major ...
-
ArticleOpinion: Jochen Schäfer on the new distribution rules for the EU - A Game Changer or Not?
A guest article by Jochen Schaefer: As already reported by SGI Europe on July 13, 2021, the EU Commission has published a first draft of the revised EU Vertical Block Exemption Regulation 2022 (“VBER 2022”) accompanied by a comprehensive 92-page draft set of guidelines on vertical restraints (“Guidelines 2022”), triggering ...
-
Article
Shenzhou and Eagle Nice slow output in Vietnam
Pou Chen and Kingmaker Footwear are shutting down their shoe factories in Vietnam, as previously reported, and we now hear about the shutdown of at least another local shoe producer, Chang Shin Vietnam Co. Meanwhile a couple of important producers of sports apparel are doing the same as the Covid-19 ...
-
Article
Stella’s Q2 sales rise by 58.1%
The revenues of Stella International, the Chinese footwear group based in Hong Kong, rose by 58.1 percent to $392.1 million in the second quarter of 2021 from $248.0 million a year earlier, when the company’s sales were negatively impacted by the outbreak of the Covid-19 pandemic. The top line, however, ...
