More about brands – Page 139
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ArticleGarmin thrives thanks to home fitness and cycling boom
Garmin’s fitness division saw revenues for the second quarter soar by 17 percent to $294.6 million, as the group benefited from the popularity of home fitness during lockdowns, with advanced wearables and Tacx indoor bike trainers doing well. With the easing of restrictions in May, cycling products proved very popular. ...
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News briefs
Canada Goose sends a signal with the strategic hire of a GM Footwear
Canada Goose appointed Adam Meek to the new role of general manager of footwear & accessories. Meek brings more than 20 years of global footwear experience to this role. Most recently, he served as senior vice president of product at Sperry (Wolverine Worldwide), where he led the brand’s global product ...
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News briefsGoPro launches lifestyle accessories and clothing
GoPro has launched a new line of lifestyle gear that is available worldwide exclusively on GoPro.com. The all-new range includes functional bags, backpacks and cases, clothing and other products such as floating sunglasses and water bottles. First up in the lifestyle line-up is a series of bags that range from ...
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ArticleSigns of recovery for Puma after a difficult quarter
Puma’s revenues for the second quarter declined by 32.3 percent in euros to €831 million, or by 30.7 percent in local currencies, leading to a net loss of €95.6 million, compared with net income of €49.7 million for the year-ago quarter. Sales declined in all regions and all product divisions. ...
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News briefs
Nike has a new head of talent, diversity and culture
Nike has promoted Felicia Mayo from vice president of human resources to chief talent, diversity & culture officer, to replace Kellie Leonard. In the past year, as we have reported, there have been a number of complaints against Nike over lack of diversity and unequal pay in management – a ...
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News briefs
Nike drops plans for “Air” plant in Arizona
It turns out that Nike will not be opening its third Air Manufacturing Innovation plant – after those in Oregon and Missouri – in the city of Goodyear, Arizona. The company announced an investment of $184 million in the plant and the promise of more than 500 full-time jobs on ...
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News briefsNike to open its third House of Innovation flagship
On July 30, Nike is opening House of Innovation 002 – actually its third such flagship in the world, after those in New York and Shanghai – on the Champs-Élysées in Paris. Four floors high and 2,400 square meters in area, it is set to become Nike’s “largest, most digitally ...
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ArticleDecathlon and Kant expand joint operation in Russia
Decathlon continues to capitalize on partnerships with other retailers. While testing the concept of an internet marketplace in Belgium – the company confirms a report on the subject but details are missing - the giant French retailer is expanding its cooperation with Kant, one of the largest Russian sporting goods ...
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ArticleMarket Analysis: The sports equipment market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global sports equipment brands including breakdown by region.
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News briefs
Nike backs Transform to Net Zero initiative
Nike is among the companies and organizations that have launched Transform to Net Zero, a new coalition to help all businesses reduce their carbon emissions in line with a 1.5°C global warming target. Besides Nike, the founding members are A.P. Moller - Maersk, BSR, Danone, Environmental Defense Fund, Mercedes-Benz, Microsoft, ...
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News briefs
Garmin falls victim to cyber attack
Garmin confirmed that the company was the victim of a cyber attack on July 23 in which some of Garmin’s systems were encrypted by outsiders, resulting in a significant failure of the company’s popular fitness tracking services. The German news site Spiegel Online reported indications that the company was attacked ...
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ArticleMoncler aims to double its online business by 2023
While releasing weak results for the first half of the year, marked by heavy losses, Moncler focused on the future and announced the acceleration of its digital transformation. After a fruitful collaboration with Yoox Net-a-Porter, it has decided to directly manage e-commerce, with a view to personalizing the customer experience. ...
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News briefsOn partners with Swiss Olympic
On Running, the Swiss brand specializing in performance running shoes and apparel, will be kitting out the Swiss delegations to Olympic Games, Youth Olympic Games and all other Olympic missions until 2028, including at next year’s Games in Tokyo. The Tokyo Olympics, originally scheduled to take place in 2020, were ...
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News briefs
UA makes new diversity pledges
On its website Under Armour has published new objectives in its quest to “advance diversity and inclusion” in its ranks. In addition to filling 30 percent of its executive posts above the grade of director with “Black, Indigenous, and People of Color (BIPOC)” by 2023, as it has already pledged ...
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News briefs
Mizuno to support Honolulu Marathon
Mizuno will be one of the sponsors for the 2020 Honolulu Marathon, in Hawaii, scheduled for Dec. 13. The Japanese sporting goods and apparel brand will be supplying all finisher, commemorative and volunteer shirts and selling merchandise at the Honolulu Marathon Expo. The Honolulu Marathon is particularly popular with Japanese ...
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News briefs
UA hires senior sales director for EMEA
Under Armour has hired Phil Fox as senior director of sales for Europe, the Middle East and Africa (EMEA). Reporting to the region’s managing director, Massimo Baratto, Fox is now leading wholesale and distribution and refining a digital-first, consumer-centric strategy with UA’s current commercial partners. Fox has about 25 years’ ...
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ArticleSkechers posts loss in Q2, builds on e-commerce momentum
The pandemic significantly impacted Skechers during the second quarter, as it ended the period with a net loss of $68.1 million against a profit of $75.2 million for the same quarter last year. Its revenues tumbled by 42.0 percent to $729.5 million, or by 41.0 percent in constant currencies. These ...
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News briefs
Helly Hansen becomes official apparel sponsor of The Ocean Race
Helly Hansen has become the official clothing supplier of The Ocean Race. The 140-year-old Norwegian brand has been the apparel sponsor for teams competing in the race from its beginnings, in 1973. One of these was the Norwegian team itself, which made its debut in 1981. Another was the Ericsson ...
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News briefs
Trends in football sponsorship
The total value of sponsorship across the top five leagues in 2020 stands at more than €3.3 billion, according to KPMG Football Benchmark. The report takes into account partnerships across England’s Premier League, Germany’s Bundesliga, La Liga in Spain, Italy’s Serie A and Ligue 1 in France. Regarding where the ...
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ArticleMany Chinese sportswear brands issue sales warnings for Q2
As a result of lockdown restrictions implemented in China and elsewhere during the Covid-19 pandemic, several Chinese sportswear brands have released profit warnings for the second quarter of 2020. Xtep warned that retail sell-through dropped by low-single digits in the quarter. It also has higher-than-usual inventories. The group expects that ...
