More about brands – Page 149
-
Article
Puma posts a 1.5% drop in Q1
Doing better than some competitors, Puma reported sales declines of only 1.5 percent in euros and 1.3 percent in local currencies during the first quarter, leading to a 61.6 percent drop in net earnings to €36.2 million on sales of €1,299.8 million, although the company started the year with an ...
-
News briefs
Umbro to replace Canterbury as England Rugby’s kit supplier
Umbro will be the new kit supplier for England Rugby in a new four-year deal, effective Sept. 1. It will be the first involvement with professional rugby for Umbro, which will take over from Canterbury of New Zealand, a brand owned by Pentland that has been England Rugby’s official ...
-
News briefs
Nike donates products for Covid-19 relief
Nike is donating about 140,000 pieces of footwear, apparel and equipment – worth $5.5 million – to hospitals and clinics in response to the Covid-19 pandemic. Medical personnel at the Veterans Health Administration and at hospitals in Chicago, Los Angeles, Memphis and New York City will be receiving 30,000 pairs ...
-
Article
Fitbit returns to profits thanks to U.S. coronavirus aid
Despite a difficult first quarter, with sales hit by the Covid-19 crisis, Fitbit managed to return to profit. It was helped by a $145 million tax benefit from operating loss carrybacks as part of a government program to help companies through the coronavirus pandemic. Net income reached $20.3 million, compared ...
-
Article
Decathlon inks deals with marketplaces
As it has already done with Kant, one of the major multi-brand sports retailers in Russia, Decathlon has embarked on an unusual cooperation with a major Russian e-tailer, Ozon, which is pushing its own marketplace. The highly verticalized French sports retailer has announced a contract with Ozon to sell 1,500 ...
-
News briefs
Allbirds introduces its first running shoe
Going in the same direction as Veja, the French brand of sustainable footwear that launched its first running shoes at the Ispo show in Munich earlier this year, Allbirds, the brand that focuses on environment-friendly footwear, has now released its first running shoe. The Tree Dasher is made from sugarcane, ...
-
News briefs
Canada Goose partners with bluesign
Canada Goose has announced its commitment to reach 90 percent bluesign approved fabrics by 2025. The pledge is part of the Canada Goose’s Sustainable Impact Strategy. The brands who commit to being a bluesign system partner have their supply chain thoroughly assessed to ensure that their products and processes meet ...
-
News briefs
Nike releases its first indoor cycling shoe
Nike is launching its first indoor cycling shoe, at a time when an unprecedently large number of people are working at home. The SuperRep Cycle is the newest release from the Nike SuperRep footwear family, which also includes the Air Zoom SuperRep and the SuperRep Go. The new Nike SuperRep ...
-
News briefs
Intersport España reports 500% increase in online sales for April
Intersport España, which reopened its e-commerce site on March 21, has just announced a 500 percent year-on-year increase in online sales for the month of April. The Covid-19 quarantine has catapulted the home fitness category to the forefront. Yoga mats, fitness bands, chin-up bars, dumbbells and the like accounted for ...
-
News briefs
Forbes declares Kanye West a billionaire
Forbes has declared Kanye West a billionaire. The American financial magazine attributes the American rap singer’s success chiefly to the Yeezy brand of footwear and apparel, which is developed and marketed in collaboration with Adidas. Forbes featured West on the cover of its issue for Aug. 31, 2019, but had ...
-
Article
An excellent quarter for Garmin in Outdoor and Fitness
Garmin’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx indoor bike ...
-
News briefs
Intersport and Decathlon offer drive-in click & collect
Both Intersport and Decathlon have set up a form of “drive-in click and collect” service in France, calling it simply “drive.” Customers place their order online and collect the merchandise in the parking lot of their local store, receiving it directly at their car with maximum distancing. Intersport, which reopened ...
-
News briefs
Intersport reports rising online sales in Germany
Intersport Germany has announced that about two-thirds of the customers who have a made a purchase on its online store in the last couple of weeks made another purchase at a later point. About 370 affiliated retailers are already connected to the platform, achieving sales in a range around €50 ...
-
News briefs
Macron is new kit sponsor of Tigers Tübingen
Macron is the new technical sponsor of the Tigers Tübingen, a German basketball team that plays in the 2 Basketball Bundesliga. The Italian sportswear company will provide the team with all their technical apparel as well as a line of merchandising products. The agreement will be effective at the beginning ...
-
News briefs
S&P downgrades Wolverine
Standard & Poor’s downgraded its ratings for Wolverine Worldwide’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S&P forecasts that orders placed by its wholesale clients could drop by as much ...
-
Article
While sales tumble, Shimano’s profits soar
Shimano said its sales for the first quarter were down by 12.3 percent from the year-ago period to ¥76,920 million (€662.5m-$721.1m), hampered by lockdowns around the world in response to Covid-19. However, the company’s net earnings jumped by 95.6 percent to ¥19,663 million (€169.4m-$184.3m), mainly due to strong foreign exchange ...
-
News briefs
Galvin Green is more sustainable
Galvin Green, the Swedish golf apparel brand, is launching a range of products that are made entirely from recycled materials. All seven styles of its Insula warm layer garments, which include 24 sweaters in total, are now made from bluesign approved fabric. All of the brand’s Gore-Tex waterproof garments also ...
-
News briefs
Wilson puts out a special golf bag
Wilson has launched a new Tour golf bag, the Wilson Staff Pro Tour Bag, that weighs 4.7kg and features a full-length umbrella sleeve and detachable rain hood. It also offers waterproof pockets for mobile phones and electronics, as well as velour-lined pockets for valuables, among other features.
-
News briefs
A 6-year-old boy designed an Erreà jersey
Erreà has presented a special new shirt that Pescara Calcio 1936 (Pescara), a football club that is in Italy’s Serie B division, will be wearing in the next season. What is special about the shirt is that it was designed by a six-year-old boy, Luigi D’Agostino, after the club launched ...
-
News briefs
Nike obtains dismissal of Klaw logo suit
Nike has obtained the dismissal of Kawhi Leonard’s lawsuit over the “Klaw” logo. Leonard plays for the Los Angeles Clippers of the National Basketball Association (NBA). The so-called Klaw logo is easily identified with the player himself, as it is meant to symbolize his distinctly large hands. According to Nike, ...
