All articles by SGI Europe – Page 2
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ArticleTopgolf and golf boost Callaway, outdoor shows resilience
Callaway Golf’s revenues increased 208 percent to $914 million in the second quarter ended June 30, thanks in part to the first-time inclusion of Topgolf, which is now the group’s third operating segment along with golf equipment and soft goods and whose sales nearly doubled, compared to the prior year, ...
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News briefsNicolas Foulet is Quiksilver Europe’s new president
According to Shop Eat Surf, Nicolas Foulet, chief information officer at Boardriders since 2015, is the new president of EMEA for Quiksilver. He takes over the role from Greg Healy, who was responsible for Europe in addition to APAC since 2019. Healy had added Europe to his portfolio after Thomas ...
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ArticleThule benefits from growing recreational trends despite lockdowns in Q2
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) compared to the same period a year ago, when major markets ...
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ArticleAnta Sports publishes profit warning
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...
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ArticleAmnesty accuses China of crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled Like We Were Enemies in a War: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...
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News briefsGoldwin sets new financial and sustainability targets
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home ...
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ArticleNew boss and new structures for Dachstein’s parent
Juha Luhtanen, 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen, who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group. The change of management has ...
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ArticleDeckers grows in Q4, led by further expansion of Hoka One One
Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and were up ...
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News briefsAdidas grows by almost 60% in the outdoor segment
Adidas’ sales of outdoor products increased by nearly 60 percent in the first quarter of 2021 thanks to the new Terrex collection for fast trail running. Running and training were up by about 20 percent and more than 30 percent, respectively. Excluding Reebok, which is up for sale, Adidas’ sales ...
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News briefs
On Running said to be eyeing IPO again
On, the Zurich-based sports brand backed by Roger Federer, publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations for an initial public ...
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News briefsHuski Wear becomes clothing partner of Team Sweden Alpine
Huski Wear, a new Swedish skiwear brand, will replace Norwegian brand Helly Hansen as the apparel partner of Team Sweden Alpine, the Swedish alpine ski team, starting July 1. As part of the partnership, Huski Wear has committed to supporting the development of skiing among Swedish youth. Helly Hansen began ...
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News briefs
German Parliament wants to set new rules for Click&Meet and Click&Collect
The German Bundestag has decided to raise the minimum threshold for non-essential retail Click&Meet services for counties or municipalities where 150 out of 100,000 residents are infected with Covid-19. If the incidence is higher for three consecutive days, only Click&Collect is possible. The Federal Council is scheduled to take a ...
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Article
Moody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to 18 ...
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ArticleLower losses in JD’s outdoor retail operations
JD Sports Fashion Plc managed to report generally good results for the year ended Jan. 30, 2021, in spite of the impact from the coronavirus pandemic and Brexit, “which have severely tested all aspects of the business,” the management said. The company’s profit before tax and exceptional items of £421.3 ...
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News briefsGiovanni Zoppas appointed new CEO of Tecnica Group
Giovanni Zoppas is returning to Tecnica Group as CEO and general manager, starting in May. Zoppas knows the group well as he is a member of its board of directors and worked as GM of its Nordica brand between 2003 and 2006, taking care of its reorganization after the group ...
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News briefsRocky Brands finalizes takeover of Honeywell's footwear business
Rocky Brands has completed its $230 million acquisition of the performance and lifestyle footwear operations of Honeywell International, noting that it will be immediately accretive to its own results. The business, which includes The Original Muck Boot Company and the Xtratuf, Servus, NEOS Overshoe, Rocky and Ranger brands, generated Ebitda ...
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ArticleAdidas ends 2020 with a small plus and presents new business plan with focus (also) on outdoor
As reported in detail by our sister publication SGI Europe, the Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, ...
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News briefsGarmont is open for acquisitions after entry of new majority shareholder
Garmont International, the Italian outdoor and technical footwear brand, told our sister publication SGI Europe that after consistent strong growth in recent years due to the Covid 19 pandemic, it reported an unconsolidated sales decline of more than 15 percent to €14 million in 2020, but still posted a profit. ...
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ArticleGermany extends lockdown; England eases the rules
On March 3, the federal-state conference in Germany decided on how to further extend its present lockdown for non-essential retailer operations until March 28 to help fend off the Covid-19 virus. Like in the U.K., it will be phased out in stages, but retailers are furious, partly ...
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News briefsWildberries launches in France, Italy and Spain
After rolling out its online store in Germany in January, Russia’s biggest online retailer, Wildberries, has started to operate in France, Italy and Spain, with dedicated sites and mobile apps tailored to the local markets, the company said in a statement. The online retailer that first launched in 2004 currently ...
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