All articles by SGI Europe
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ArticleWhat to expect at ISPO Munich in November 2022
Tobias Gröber, head of ISPO Group, revealed the latest plans for the upcoming ISPO Munich from Nov. 28-30 and gave an interesting outlook on the sports market in general.
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ArticleCanada Goose sales up 24% in seasonally sluggish quarter
Canada Goose, confirming it has not seen any signs of slowing demand for its products, reported 24.2 percent revenue growth to 69.9 million Canadian dollars (€51.4m) from C$56.3 million in its first quarter. The Q1 operating loss widened by nearly 31 percent to C$80.7 million (€59.4m) from C$61.8 million, but ...
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ArticleWolverine beats expectations in Q2, but lowers FY guidance
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
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ArticleTextile waste allegedly used as fuel for brick kilns in Cambodia
Unearthed, a subsidiary of Greenpeace, has issued a new report, stating that off-cuts from Cambodian textile factories mixed with wood are being used to fuel brick kilns on a large scale. The kilns need to stay fired for several days at a temperature of 650° C to burn the clay ...
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ArticleArchroma acquires Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
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ArticleNYSE newcomer SSU increases sales despite supply bottlenecks for bikes, but falls short of expectations
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. ...
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News briefsFESI launches network to push circularity in the winter sports industry
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, ...
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News briefsNew CEO for Decathlon
Source: Decathlon Barbara Martin Coppola 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 ...
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News briefsTradeinn records another strong increase in annual sales
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 ...
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News briefsSport 2000 launches Running Experts Europe
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 ...
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News briefsZumiez Q3 income beats estimates
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 ...
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ArticleFESI and others object to parts of the changes in EU antitrust commercial regulations
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 ...
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News briefsSwedish Rudholm Group acquires German sustainable packaging specialist EBM
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 ...
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ArticleDespite supply chain challenges, On continues to grow after IPO
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 ...
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ArticleWolverine breaks even, but Q3 sales impacted by supply chain issues
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 ...
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ArticleCanada Goose with strong momentum, improves guidance
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 ...
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ArticleShimano’s bicycle segment up 30%, raises forecast
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. Bicycle dealers’ inventories are still ...
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News briefsWith 27% growth in H1, Tecnica performed better than in 2019
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 ...
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ArticleOn Holding files registration for IPO
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 ...
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ArticleAdidas to sell Reebok to ABG for €2.1 bn
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, ...
