SGI Europe

Published since 1989, SGI Europe is the leading international business publication on the sporting goods market in Europe, focusing on brands, manufacturers, retailers and suppliers operating in this important region of the world. A minimum of 40 issues are published each year. On top of that a weekly industry round-up by Email.

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https://www.sgieurope.com
  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    NYSE newcomer SSU increases sales despite supply bottlenecks for bikes, but falls short of expectations

    2022-01-28T08:14:00

    Signa Sports United (SSU), the world’s leading sports e-tailer whose shares began trading on the New York Stock Exchange on Dec. 15, reported a 10 percent increase in total sales to €247 million for the fourth quarter of its fiscal year ending Sept. 30, 2021, despite supply shortages for bicycles. ...

  • FESI
    News briefs

    FESI launches network to push circularity in the winter sports industry

    2022-01-28T06:55:00

    The Federation of the European Sporting Goods Industry (FESI) has launched a joint initiative, the FESI Winter Sport Sustainability Network (FESI-WSN), to “increase the knowledge and cooperation on sustainability and circularity within the winter sports industry.” The network will be holding four annual meetings, with roundtable discussions involving industry experts, ...

  • Decathlon
    News briefs

    New CEO for Decathlon

    2022-01-26T07:07:00

    Decathlon has announced the appointment of Barbara Martin Coppola as the group’s new CEO, starting in mid-March. She will take the place of Michel Aballea, who has held the helm of the world’s largest sporting goods retailer since 2015. The French-based company has been engaged lately in a significant transformation ...

  • Tradeinn
    News briefs

    Tradeinn records another strong increase in annual sales

    2022-01-12T04:21:00

    Spanish e-tailer Tradeinn enjoyed a stellar year in 2020. The results for 2021 surprised even its CEO, David Martín, as he confessed to CMDsport. The effects of the pandemic produced a 52 percent increase in annual sales to €288 million for 2020, which was followed by a further 31 percent ...

  • Sport 2000 Logo
    News briefs

    Sport 2000 launches Running Experts Europe

    2021-12-10T07:34:00

    Sport 2000 has launched a new initiative, called Running Experts Europe, to federate the operators of specialist running shops across Europe, starting with representatives from the Netherlands, Belgium, Switzerland and Germany. In Germany, Switzerland and the Benelux countries, the ANWR Group has bundled the activities of Sport 2000 through a ...

  • 393_SMP-zumiez-logo
    News briefs

    Zumiez Q3 income beats estimates

    2021-12-05T08:35:00

    Beating all estimates, Zumiez reported a solid 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019 when the ...

  • FESI
    Article

    FESI and others object to parts of the changes in EU antitrust commercial regulations

    2021-12-03T22:28:00

    The European Commission has agreed to revise at least one of the new draft regulations and guidelines for VBER 2022 that it submitted for public review on July 9 and that would govern future relationships between suppliers (brands or manufacturers) and their wholesale and retail customers. The Federation of European ...

  • EBM_Logo
    News briefs

    Swedish Rudholm Group acquires German sustainable packaging specialist EBM

    2021-11-29T08:39:00

    The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...

  • on-running-logo8_800x800
    Article

    Despite supply chain challenges, On continues to grow after IPO

    2021-11-17T06:47:00

    In its first quarterly report since its IPO, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin expanded by 5.6 ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine breaks even, but Q3 sales impacted by supply chain issues

    2021-11-12T06:24:00

    Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the acquisition of Sweaty Betty in August and the strong performance of its Saucony brand. However, the management said that supply chain ...

  • Canada Goose
    Article

    Canada Goose with strong momentum, improves guidance

    2021-11-07T17:22:00

    Canada Goose reported an improved gross margin and a lower operating margin on a 19.6 percent increase in revenues to 232.9 million Canadian dollars (€161.9m-$187.1m) for its second quarter ended Sept. 26. Excluding the exceptional revenues from personal protective equipment recorded in the same period a year ago, comparable sales ...

  • Shimano_logo.svg
    Article

    Shimano’s bicycle segment up 30%, raises forecast

    2021-10-28T06:11:00

    While reporting excellent figures for its third quarter ended Sept. 30, Shimano said it was expanding production capacity at its factories in Japan and overseas to respond to the growing global demand for its products, as Covid-19 outbreaks have disrupted both manufacturing and logistics everywhere.

  • tecnica-group-sede2020
    News briefs

    With 27% growth in H1, Tecnica performed better than in 2019

    2021-08-26T05:45:00

    Italian Tecnica Group posted revenues of €173.7 million in its H1 that ended June 30 (+27 percent compared to H1 2020). Ebitda increased to €17.1 million from €2.7 million in H1 last year. The net result shows a loss of €2.5 million (€14.2 million in H1 2020). Lowa, Rollerblade and ...

  • Roger Schnegg Swiss Olympic_Roger Federer_Caspar Coppetti On
    Article

    On Holding files registration for IPO

    2021-08-25T06:17:00

    On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...

  • Reebok
    Article

    Adidas to sell Reebok to ABG for €2.1 bn

    2021-08-15T17:15:00

    On Aug. 12, Adidas has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first quarter of 2022, ...

  • Callaway_Logo
    Article

    Topgolf and golf boost Callaway, outdoor shows resilience

    2021-08-11T05:36:00

    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, ...

  • Boardriders
    News briefs

    Nicolas Foulet is Quiksilver Europe’s new president

    2021-07-28T08:15:00

    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 ...

  • Small-Thule_Tepui_Foothill_LS_Laholm_Landscape_200922_24836
    Article

    Thule benefits from growing recreational trends despite lockdowns in Q2

    2021-07-21T14:24:00

    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 ...

  • ANTA-logo-and-wordmark
    Article

    Anta Sports publishes profit warning

    2021-06-18T10:52:00

    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 ...

  • amnesty-logo-01
    Article

    Amnesty accuses China of crimes against humanity in Xinjiang

    2021-06-15T05:45:00

    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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