News Briefs – Page 206
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News briefs
Updated: Decathlon will launch a new “Decathlon Mountain” store franchising project in France and Switzerland
Decathlon is about to open two pilot stores in France and Switzerland for a new “Decathlon Mountain” concept that it plans to franchise in about 15 mountain resorts in the two countries. They will be selling only Decathlon products from the retailer’s huge range of private label items for winter ...
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News briefs
Hans-Hermann Deters will leave Sport 2000
Hans-Hermann Deters, an iconic figure in the German sporting goods market, is planning to leave the position of joint general manager of Sport 2000 GmbH next March 31, after seven and a half years of successful work with the retail organization, where he reinforced its specialist orientation. At the age ...
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News briefs
Spain's Munich is on track for a record year
Munich, a leading Spanish shoe producer in the futsal category, is on track to break its record for annual sales, Diffusion Sport reports. Sales for the first half of this year, ended on Sept. 30, matched those of the equivalent period in its current record year of 2018. The owner ...
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News briefs
Dometic buys Igloo
Dometic, the Swedish producer of coolers, has taken over Igloo, a Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from a private equity group, ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been granted. The acquisition was completed on ...
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News briefs
The IOC boosts its environmental policy
Ahead of the COP 26 conference on climate change due to start in Glasgow on Nov. 1, the International Olympic Committee (IOC) pledged to halve its “direct and indirect greenhouse gas emissions” by 2030. Its previous pledge was to cut them by 45 percent by the same deadline, in keeping ...
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News briefs
Golf in Asia getting younger and more female, survey suggests
According to recent research work by Sports Marketing Surveys (SMS), 3 percent of golfers in nine Asian markets have taken up the game within the past year, and 6 percent within the past two years – that is, during the coronavirus-related lockdowns. Also, a quarter of the new golfers are ...
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News briefs
Li Ning accelerated in Q3
Excluding sales at Li Ning Young stores, Li Ning performed better than a year ago during the third quarter ended in September, scoring a sales increase in the high 20s on a same-store basis at retail, compared with the low single-digit improvement recorded a year earlier. The company’s own direct-to-consumer ...
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News briefsClarus will offer 2.75 million shares of common stock
Clarus Corporation, the company based in Salt Lake City, Utah that owns brands such as Black Diamond, Pieps, Sierra Bullets and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital ...
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News briefs
CORRECTION:
In contrast with previous years, we used figures compiled in euros rather than U.S. dollars in reporting about NPD’s annual Global Sport Market estimate. We have put a new story on our website with the figures in euros as well as dollars, and here are the main data in both ...
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News briefs
Zalando launches Connected Retail in Italy
Zalando is launching its Connected Retail program in Italy, offering a reduced commission until the end of the year to the physical retailers that wish to join its online marketplace. Like in 12 countries where this service is already available, the goods will be ordered through Zalando’s website and delivered ...
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News briefs
Sweaty Betty collaborates again with rēspin
Sweaty Betty has embarked on a second collaboration with rēspin, the brand founded by the actress Halle Berry. The result is a limited edition of 24 articles of activewear designed by Lindsey Flores and called The rēspin Edit. The collection’s jackets, leggings and other items range in price from $14 ...
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News briefs
Strong growth in participation may lead England to host the Women’s World Rugby Cup
England’s Rugby Football Union (RFU) has announced its intention to launch a bid to host the Women’s World Cup in 2025, provided it secures sufficient private and public funding by next January. The RFU hosted the regular World Cup in 2010 and won it in 2014, and since then, the ...
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News briefs
CORRECTION: The global sports market was worth $508 billion in 2020
In contrast with previous years, we used figures compiled in euros rather than U.S. dollars in reporting about NPD’s annual Global Sport Market estimate for 2020. We have put a new story on our website with the figures in euros as well as dollars.
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News briefs
China Dongxiang’s Kappa sales dip
In contrast with other Chinese sportswear companies, China Dongxiang reported a mid-to-high-teens decline at its Kappa and Kappa Kids stores for its second quarter ended Sept. 30, with a mid-to-low single-digit drop on a same store basis. For the first half of the company’s financial year, sales were off by ...
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News briefsPorsche gets involved in kitesurfing
In addition to its long-standing sponsorship activities in the sports of tennis and golf, Porsche will also support the further development of kitesurfing in the future. The first event sponsored by the automotive brand will be the Red Bull King of the Air in Cape Town in November 2021. In ...
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News briefs
Schildkröt launches new fitness products
Germany’s MTS Sportartikel Vertriebs is introducing a new range of products as part of its Schildkröt fitness product line. It consists of a new push-up multi-trainer board, a sit-up trainer and a shaping loop set with three elastic loops at different strength levels. Besides that, the German brand is going ...
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News briefs
Top JD managers get stock options
JD Sports Fashion has granted performance-based stock options to Peter Cowgill, executive chairman of the company, and Neil Greenhalgh, chief financial officer, under the company’s 2021 Long Term Incentive Plan. The options will become ordinarily vested in five years’ time, subject to the achievement of certain performance conditions. Cowgill got ...
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News briefs
Asics is again sponsoring the World Ekiden relay
This year Asics is once again sponsoring the World Ekiden, scheduled for Nov. 22 and open to the public for enrollment since Oct. 4. Just as the marathon symbolizes a herald’s run to Athens thousands of years ago to deliver news of a battle, the Ekiden symbolizes the relay that ...
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News briefs
JD acquires control of a Greek retailer
JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...
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News briefs
361 Degrees returned to growth in Q3
Retail sales of the 361° branded products grew by a rate in the mid-teens during the third quarter, says 361 Degrees, outperforming the high single-digit increase that the Chinese sportswear company had reported for the same period a year ago. Its 361° Kids line did even better, rising by between ...
