News Alert

Transcription

News Alert

#124/2015-07-01
News
Alert
global Sporting Goods Industry update
among others in this issue
New speaker announcement for WFSGI Manufacturers Forum 2015
2
Nike to become exclusive uniform and apparel provider for the NBA 2
Adidas Group details growth plan for its adidas categories 3
New Balance moves into boot market
3
Pentland Group announces strong growth in profit and revenue
4
Sport 2000 International reports all-time high
7
ISPO Shanghai with a range of attractive events
8
SRAM relocates global headquarters 9
Scott Sports acquires Bergamont 9
IOC sign €1.3 billion deal with Eurosport 14
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1
WFSGI NEWS ALERT: #124/2015-07-01
new speaker announcement for
wfsgi manufacturers forum 2015
From December 2-3, 2015 the sporting goods industry (brands, manufacturers and retailers) will meet in Hong Kong in order to discuss
topics “Beyond Lean Manufacturing”.
The event will focus on lean, circular and human-centered manufacturing and discuss ways to reduce labor-intensive production. The
two-day conference is based on an interactive format where the audience may participate in workshops and raise questions to the keynote
speakers.
We are happy to announce that Adriano Goldschmied, Italian Fashion
Designer and among other creator of Diesel and AG Jeans, will be
added to our keynote speakers’ line-up.
The forum will provide solutions and answers for the following topics:
• Move from responding to environmental activists to building
new business models
• Shift from linear sustainability concept towards a “circular” approach
• Solutions and hands-on advice on how to optimize factory planning
• How can clustering processes together increase labor productivity?
• How can you define new socially sustainable workplaces where
human dimension is built into the foundation?
• Interactive format where you can raise questions to the keynote
speakers
• Connect and exchange thoughts with representatives from other industries, brands, retailers, manufacturers, material and machinery suppliers
• Unrivalled networking opportunity
• Experience exceptional networking dinner and Horse Racing at
the iconic Hong Kong Jockey Club
To date we can present the following speakers:
• Carsten zur Steege, Managing Director, Bosch Automotive (Thailand) Co., Ltd.
• Prof. Steve Evans, University of Cambridge
• Gerhard Flatz, Managing Director, KTC Ltd.
• Adriano Goldschmied, Fashion Designer, Creator of Diesel and
AG Jeans
The WFSGI is looking forward to welcoming you at this important
event.
Click here for registration and more information about the forum.
nike to become exclusive oncourt
uniform and apparel provider of
the nba
The National Basketball Association (NBA) and NIKE, Inc. (NIKE) announced an eight-year global merchandising and marketing partnership that will make NIKE the official oncourt apparel provider beginning with the 2017-18 NBA season.
“This partnership with NIKE represents a new paradigm in the structure of our global merchandising business,” said NBA Commissioner
Adam Silver. “As our exclusive oncourt apparel provider, NIKE will be
instrumental in our collective efforts to grow the game globally while
applying the latest in technology to the design of our uniforms and
oncourt products.”
NIKE has a rich history of innovating and leading from the front, and
has supported some of the greatest former and current NBA and
WNBA players. The company has been a global marketing partner of
the NBA since 1992 and expands its rights over eight years under the
new agreement, where NIKE will become the first NBA apparel partner to have its logo appear on NBA uniforms. NIKE will also have the
global rights to design and manufacture authentic and Swingman jerseys as well as oncourt warm-ups and shooting shirts.
“We’re excited to bring the full power of our global reach, innovation
and creativity to partner with the NBA and grow the game in a way
only NIKE can,” said NIKE, Inc. President & CEO Mark Parker. “In NIKE,
Jordan and Converse we have three of the most connected brands in
the world, and look forward to making the global growth of the game
a successful strategy for both the NBA and NIKE.”
A marketing partner of the WNBA since its inception in 1997, NIKE will
now have an expanded presence at WNBA All-Star and other events
throughout the season. Also, for the first time, NIKE will become a
marketing partner of the NBA Development League (NBA D-League),
engaging in seasonlong marketing activities with a major presence
during the NBA D-League All-Star Game presented by Kumho Tire and
the NBA D-League Showcase presented by Samsung.
In addition, the partnership will activate around several NBA events
such as NBA All-Star, NBA Global Games, NBA Draft presented by
State Farm, Samsung NBA Summer League and NBA 3X. NIKE will remain the official partner and apparel provider of Basketball without
Borders.
NIKE has served as the footwear and exclusive apparel provider of
USA Basketball since 2016.
Source: Nike Inc.
Source: WFSGI
2
adidas group details growth plan
for adidas categories football,
running and orginals
At an investor event in Herzogenaurach, the adidas Group shared details on its strategic aspirations for the three adidas categories Football, Running and Originals. All three categories are key components
of the Group’s 2020 strategic business plan, which was introduced
earlier this year. By ‘creating the new’, the Group aims at further accelerating growth over the next five years by significantly increasing
brand desirability. Within this framework, each of the categories has
been assigned a clear role and specific goals in order to achieve the
significant improvement targeted in the Group’s top and bottom line.
While adidas Football and adidas Originals aim to lead in every market
by 2020, adidas Running is targeting significant market share gains in
the coming years.
adidas Football
Between 2015 and 2020, adidas intends to expand its football business at a mid-single-digit rate on average per year on a currencyneutral basis, outgrowing the market and further strengthening its
position as the number one football brand in the world. In order to
drive brand loyalty among football consumers, the focus will be on
bolstering the footwear part of the business. This will be supported
by a completely new product line-up as reflected in the recently introduced key footwear franchises ‘X’ and ‘ACE’. In order to connect
with both registered and unregistered players, adidas will create football destinations in key cities with premium presentation at the point
of sale. Furthermore, engagement will be driven by setting up permanent, seasonal or event-driven grassroots programmes. The establishment of an influencer network will allow closer interaction with
the consumer, who will be an integral part of the product and content
creation going forward.
“Since the beginning of this year, we have reinvented our football
business by discontinuing our former football boot silos, and brought
two completely new footwear models to market to better serve the
needs of today’s players: X and ACE. We are convinced that this new
approach will strengthen our position in football footwear.” stated
Markus Baumann, General Manager adidas Football.
adidas Running
adidas Running expects currency-neutral sales to double by 2020 in
strengthening it’s positioning in the area of ‘energy running’. adidas
Running will significantly increase its presence in global key cities with
the objective to bring ‘energy’ to consumers in a holistic approach
from the product range to runners forming part of their local running
communities and activations...
new balance moves into boot
market
New Balance Football has officially moved into the football boot market, after unveiling the brand’s first range with two new styles.
According to the brand, the styles target attack-minded players, with
the Visaro boot the players who ‘make chances’ and the Furon boot
for players who ‘take chances’.
Since launching a dedicated football division in February, New Balance has taken over a number of clubs previously held by its subsidiary, Warrior, including Liverpool, Stoke City, Sevilla and FC Porto, as
well as players such as Manchester City captain Vincent Kompany.
New Balance ambassador Aaron Ramsey, who will wear Visaro as a
player who makes chances, commented: “These boots are multifunctional, helping me in all the most important areas which allows me to
play to my full potential. They work with my instinctual movements
during games and give me the confidence to supply the players
around me who take chances.”
Manchester United player Adnan Januzaj, who will wear Furon, added: “What has been clear right from the start is that New Balance set
out to design a boot to help attacking payers – I have worked closely
with them from the original prototype to ensure they achieve this.
This boot feels like it’s been made especially for me and I know others
will feel the same way.”
The New Balance R&D team worked with New Balance players, using
elite athlete specific data to create the boot design.
Richard Wright, global head of New Balance Football, said: “Over 90
minutes, players cover more ground than ever before and the distances run in football far exceed that of any other sport. We have a
very strong heritage in running and applying this expert knowledge to
the endurance and high intensity of football.”
“We recognise that the modern game is powered by attacking football. Therefore, we have developed two styles of boots for attackminded players. The players that ‘make chances’ and the players that
‘take chances’. We believe these boots will meet the player’s performance demands and amplify their unique set of skills - not only just at
the top level of the game but at every level of football.”
Source: Sport Industry
Read the full article here.
Source: adidas Group
3
pentland group announces
strong growth in revenue and
profit
Pentland Group plc, the global brand management and retail group,
announced results for the year ended 31 December 2014.
The full year results reflect the quality and continued international
development of Pentland’s portfolio of brands in sports, outdoor and
fashion, and another strong performance from the core fascias of JD
Sports Fashion plc, in which Pentland Group is the majority shareholder.
Highlights:
• Total revenue up 14% to £2.2bn;
• Revenue from Pentland Brands and other non-retail businesses
up 5% to £618m;
• Record revenues from Speedo and from Ted Baker footwear;
• Canterbury strongly positioned to capitalise on Rugby World Cup
2015, following significant investment in the brand since acquisition in 2012;
• Record performance from the Retail Division, comprising JD
Sports Fashion plc, with revenue up 19% to £1.6bn, mainly driven by core Sports fascias;
• Group operating profit* up 30% to £160m;
• Group profit before tax up 92% to £164m;
• Net cash at year end of £202m (2013: £119m);
• Net assets increased by 11% to £660m.
(* before tax, amortisation of intangibles and exceptional items)
Business Review
The activities of Pentland Group comprise brand management, retail
and other businesses.
Pentland Brands has, and continues to build, a portfolio of world class
sports, outdoor and fashion brands. It manages owned brands such
as Speedo, Canterbury, Berghaus, Mitre, Boxfresh and Ellesse. It is
also the global licensee for Lacoste Chaussures and Ted Baker footwear and Kickers in the UK.
The Retail Division comprises JD Sports Fashion plc, the leading retailer and distributor of branded sportswear, fashionwear and outdoor clothing and equipment, in which Pentland Group holds a 57%
share.Pentland Group also holds investments in businesses across a
number of different industries.
Pentland Brands
Pentland Brands continued to perform strongly with revenue up 5%.
The continued development of a global presence has helped achieve
record performances for a number of its brands.
Highlights include:
Speedo achieved record sales for the second year in a row with
growth in many international markets. The sales growth was driven
by the highly successful SpeedoFit and global swimwear ranges.
Speedo was also named ‘Fan Brand of the Year’ at the 2014 Sports
Technology Awards.
Canterbury, now fully integrated into the Pentland Brands portfolio
following its transfer in September 2012, achieved strong sales
growth with a double-digit uplift in the UK. Canterbury became the
official kit supplier for the Ireland Rugby Football Union in 2014 and
will be the official kit supplier for the England and Ireland teams at the
2015 Rugby World Cup. The brand continued to build its on-field presence in Australia and New Zealand through Australia’s State of Origin
and Auckland National Rugby League team, the New Zealand Warriors.
Ted Baker footwear had another record sales year delivering double
digit growth with strong performance in the UK and USA.
Ted Baker and Kickers were recently acknowledged at the Drapers
Footwear Awards with Ted Baker winning the Men’s Fashion Footwear Brand of the Year and International Footwear Business of the
Year and Kickers Kids’ Footwear Brand of the Year.
Lacoste Chaussures enjoyed another year of strong sales with growth
in major markets including the USA and China.
Three Berghaus innovations won awards at the 2014 OutDoor Industry Awards including the coveted Gold Award for the Hypersmock 2.0
- the world’s lightest waterproof jacket.
Retail Division
JD Sports Fashion plc produced a record result in a challenging retail
environment. This has been driven in particular by strong trading in
its core Sports fascias. There has been encouraging progress in the
development of the international Sports fascia offering with new
stores added in all existing territories. The Outdoor group consisting
of Blacks and Millets continues to undergo significant change under
JD’s ownership which has created a strong platform for growth and
development in 2015.
In 2014, JD continued to invest through the acquisition of various
brands/businesses such as Mainline Menswear, Ultimate Outdoors
and Oswald Bailey. In November it disposed of Bank, the loss making
fashion chain.
Source: Pentland Group
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4
odlo is about to refurbish its top
management
Jonas Ottosson, the chief executive of Odlo, the Swiss marketer of
functional sports garments, has resigned and will leave the top of the
company after three years of service. The former CEO of Peak Performance will leave on July 30. For the time being, he will be replaced by
Christophe Bézu, a long-time manager at Adidas who used to manage
the Three Stripes’s business in Japan and, later on, the Far East overall
between 1999 and 2011.
Bézu switched to Esprit, the maker of fashionable apparel, to run their
European business along with the emerging markets. Last January, he
switched to the supervisory board of Odlo, and will now take the operational helm, replacing Ottosson. The Swede is returning to his native country for personal reasons. Bézu will assume operational responsibilities on June 29.
Meanwhile, Odlo’s supervisory board has decided to streamline the
operational team at the top level. There will now be only a CEO, a
chief operating officer and a sales chief. Thomas Spieß, so far head of
operations, will leave soon, as will Claes Broqvist, head of sales. The
company has hired Adrian Schürmann as new chief financial officer
who will report to the new COO, Knut Are Høgberg. The position of a
chief operational officer has been newly created. Høgberg has served
to Helly Hansen in Europe and the U.S lately after he worked for Boston Consulting Group. Schürmann used to be in business with Puma
and consulting companies such as Ernst & Young. Odlo is still considering a new exec for the position of head of sales.
Source: ISPO
vf corporation names president &
COO
VF Corporation, a global leader in branded apparel, footwear and accessories, announced that Steven E. Rendle, 55, has been appointed
President & Chief Operating Officer at the company and has been
elected to VF’s Board of Directors. He will report to Eric Wiseman,
VF’s Chairman and Chief Executive Officer.
as President at The North Face® brand. Steve is a key member of our
Operating Committee, which oversees our business around the world,
and he has helped define and execute VF’s strategic plans. His passion
for connecting with consumers and customers helps drive our Powerful Brands, Powerful Platforms, One VF approach.”
In his role as President & Chief Operating Officer, Rendle will oversee
all of VF’s business coalitions worldwide: Outdoor & Action Sports,
Jeanswear, Imagewear, Sportswear and Contemporary Brands. He
will also be responsible for VF’s global Supply Chain and Direct-toConsumer platforms.
Wiseman continued, “VF is a growing global company and Steve is an
outstanding leader with a proven track record of building brands and
businesses. He is sharply focused on VF’s four essential growth drivers: leading in innovation, connecting with consumers, serving consumers directly and expanding geographically. As our President &
COO, Steve will have responsibility across the business as we continue
to build our powerful brand and distribution platforms that deliver
consistent growth and return to shareholders.”
mentations across our remaining global businesses.
Source: VF Corporation
yue yuen announces first quarter
results for 2015
Yue Yuen Industrial (Holdings) Limited announced its unaudited consolidated results for the three month period ended March 31,2015.
Total turnover of the Group rose 7.3% for the period to approximately US$1,967.0million. Recurringoperatingprofit amounted to
US$85.9million. The Group also had non-recurringoperatingprofit of
US$4.2million for the period. Please refer to the section Management
Discussion and Analysis in the Company’s announcement that provides more details of the items that give rise to non-recurring operating profit. As a result, the net profit attributable to Owners of the
Company for the first three months of fiscal year 2015 amounted to
approximately US$90.1million.
“We’re pleased to promote Steve to this important new role,” Wiseman said. “His accomplishments during his nearly 16 years with the
company are many, including accelerating VF’s brand growth in the
Americas, leading our Outdoor & Actions Sports coalition and serving
Source: Yue Yuen
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5
asics predicts store closures after
terminating agreement with
windsor
Athletic footwear company Asics America announced that 13 of its
U.S retail stores may have to close their doors following the firm’s
termination of a retail operating agreement with Windsor Financial
Group, LLC.
Asics said, in a release, that the termination of its agreement—with
the independent licensee that owns and operates certain Asics
branded retail stores—is effective immediately.
Asics has cited “material breaches of the agreement by Windsor” as
the primary reason for the termination and said it expects that Windsor will likely close 13 Asics retail stores in the U.S. in response to the
termination.
IT’S A TOUGH GAME.
More than 1000 Asic’s sports retail partners, as well as the company’s
outlet stores and its Internet sales will remain unaffected, Asic’s said
in a statement.
“Asics America remains committed to providing excellent retail experiences for our loyal customers,” said Kevin Wulff, CEO and president
of Asics America Group, in a statement. “While it is unfortunate the
relationship with this partner did not work out, the experience has
taught us a lot about the direction we need to go with respect to retail
stores. In the meantime, Asics products remain fully available online
and through specialty and sporting goods establishments around the
country.”
Continue to check back with Footwear News as we await further comments from both Asics and Windsor regarding this matter.
Source: Footwearnews
GO SMASH IT.
IN THE NEW GEL-RESOLUTION 6
ASICS.COM
6
iconix brand group appoints cfo
Iconix Brand Group, Inc. announced the appointment of David K.
Jones as Executive Vice President and Chief Financial Officer. He will
report directly to Chief Executive Officer, Neil Cole, and will lead all of
the finance and technology functions for the Company.
Mr. Jones joins Iconix after twelve years with Penske Automotive
Group (NYSE: PAG), an international transportation services company. During his tenure, Mr. Jones served as Penske’s Executive Vice
President and Chief Financial Officer, as well as Chief Financial Officer
of European Operations. Mr. Jones led the international accounting
and finance functions, and was responsible for strengthening the
company’s balance sheet through a series of large transactions. He
was involved in all aspects of the business including operations, financial reporting, budgeting, information technology, banking and treasury. Prior to Penske Automotive, Mr. Jones spent 11 years at Andersen LLP and is a Certified Public Accountant.
“I am pleased to welcome David to the Iconix management team,”
commented Neil Cole, Chief Executive Officer, Iconix Brand Group.
“He has proven experience as the CFO of a multi-billion dollar public
company, and has the technical, financial, and strategic skills required
to successfully lead Iconix as our Chief Financial Officer.”
Source: PR Newswire
lowa posts solid growth
In its financial year 2014, Lowa, the German maker of outdoor footwear, sold 2.2 million pairs of shoes. Total sales of the Lowa brand
alone reached a level of €127 million. The consolidated turnover of
Lowa’s headquarter and its subsidiaries in Switzerland and the U.S.
reached €163 million, including currency effects and the factor that
Lowa also sells – depending on the country – brands such as Rollerblade, Blizzard, Leki and a couple others. Sales of Lowa footwear in
Germany compared to exports remained at the previous year’s rate
– 45.9 percent. Pre-orders in the first quarter of 2015 topped last
year’s results by 18.75 percent.
facturing in Germany attractive because costs would be competitive
and it would speed up delivery.
Reuters said some commentators are referring to this phenomenon
as a new industrial revolution. It said adidas is working with the German government, academics and robotics firms on new technologies
that it hopes will trigger “as significant a shift” in the footwear industry as the move led by Nike in the 1970s to produce in Asia.
Source: Sports Textiles
sport 2000 international reports
all-time high
At its general annual assembly in Copenhagen, Sport 2000 International announced that the buying group had achieved record turnover. Sales increased, in 2014, by 5.3 percent to €6,264 million. The
number of affiliated stores jumped by 49 to 3,728. The alliance has
partners in 23 countries.
The meeting also confirmed Harold Rubrech as its new chief executive. As reported, the 48-year-old replaces Wolfgang Schnellbügel as
the operational head of the organization. Rubrech was, until last year,
marketing director at Intersport Gemany and previous held a similar
role at Sport 2000 Germany. The assembly also re-elected Holger
Schwarting of Sport 2000 Austria as chairman of the supervisory
board. This will be Schwarting’s fourth term at the top of the international organization’s controlling body.
Source: ISPO
Source: ISPO
Adidas eyes robotics-led
manufacturing return to europe
Most of the 258 million pairs of shoes adidas produces each year are
made by outsource manufacturing partners in low-cost Asia, but according to a new report from Reuters, which the company has drawn
attention to on social media, that could soon change.
It said in the report on June 10 that cheaper, faster and more flexible
robots mean footwear manufacturing could make a return to manu-
7
sportaccord convention elects new
president and executive committee
member
The SportAccord Convention Executive Committee met in Lausanne, Switzerland
and elected ASOIF President Francesco Ricci Bitti to serve as the new President of
SportAccord Convention. Gian Franco Kasper, AIOWF President and Senior VicePresident/Interim Chairman of the SportAccord Council, was elected to the Executive Committee of SportAccord Convention at the meeting of the SportAccord
Convention General Assembly also held earlier the same day.
“The SportAccord Convention has become a major event in the international
sporting calendar, not only for the sports movement but also for the industry,”
said Mr. Ricci Bitti. “I have always been one of its greatest supporters. When I was
asked to consider the position of President, I accepted the honour and I am fully
committed to continuing the successful development of the SportAccord Convention.”
Plans are on the way for the 14th edition of SportAccord Convention which will
take place in April 2016. Cities interested in bidding to host the Convention in
2016 and beyond should contact SportAccord Convention, Managing Director, Nis
Hatt, nis.hatt@sportaccordconvention.com with applications closing by Friday, 14
August 2015.
Source: SportAccord Convention
search on for new 2019 european games
host after the netherlands withdraw
The Netherlands have withdrawn from hosting the 2019 European Games. The
announcement came just two days before the Opening Ceremony of the inaugural Games on Friday, June 12. Bidding is now set to be re-opened, including going
back to the five cities who had originally expressed an interest in hosting 2019.
Patrick Hickey, President of the European Olympic Committees, admitted the decision was a disappointment but is optimistic that there will be plenty of interest
following this first-ever event, which is set to attract 6,000 athletes from 50 countries in 20 sports.
“This news is disappointing, but we would like to thank the Dutch for their interest,” Hickey, who carried the Baku 2015 Torch, told insidethegames. “We are confident that these inaugural European Games in Baku will be the ideal showcase for
this new event and its long-term sporting, social and economic benefits. “I have
no doubt that we will be able to present a strong host for the 2019 European
Games, but right now our focus remains on ensuring this inaugural edition is the
best possible launch pad for Europe’s first continental Games.”
(NOC*NSF) had asked for a financial contribution of nearly €60 million (£44 million/$68 million) towards the original budget of €125 million (£91 million/$142 million).
“It would be irresponsible to pull together €57.5 million
(£41.9 million/$61.5 million) for the European Games in
2019,” a joint statement from the Government, the Provinces and Municipalities said.
Under the original proposals presented by the NOC*NSF
, events would be staged across nine Dutch cities in five
Provinces. There were planned to be only 15 sports, five
less than at Baku 2015. But the plan suffered a major blow
when Eindhoven withdrew, joining Rotterdam and Utrecht, who had pulled out in April.
“The NOC*NSF understands this decision of the Government and does not see this as a lack of vision on the future of the major sporting events,” Dutch officials said in
a statement. “The NOC*NSF had expected that this plan,
which had already been embraced by the Dutch sports,
international sports and many private parties, would be
supported by the Dutch Governments and local authorities.
“The NOC*NSF sees it as a huge missed opportunity for
the Netherlands to show how to organise a large multisport event in an innovative manner across an entire
country.”
Source: InsidetheGames
ispo shanghai with a range
of attractive events
Just one more days to go until the premiere of ISPO
SHANGHAI: Messe München, the organizer of the new
fair in China’s power metropolis, has organized an extensive number of highlights and events. This includes a
large offer in watersports, villages for running and action
sports retailers, the ISPO Awards, the new BRANDNEW
contest dedicated to the Asian markets and the ISPO
ACADEMY tour. The show runs through July 2-4 and offers, for the first time ever, an overview of all critical
product categories for sporting goods retailers in the
Asia-Pacific region.
The Netherlands had been awarded the event by the EOC at an Extraordinary
General Assembly in Belek last month. But the plan failed to earn enough support
from The Netherlands’ Sports Minister Edith Schippers, the Provinces and Municipalities after the Dutch Olympic Committee*Dutch Sports Federation
Source: ISPO
8
sram relocates global
headquarters
argon 18 gets financial infusion as
it prepares for growth
After 14 years on Kingsbury Street, SRAM LLC, the world’s second
largest bicycle component manufacturer, has relocated its global
headquarters to the West Loop neighborhood of Chicago. The SRAM
team officially moved into the 1000 West Fulton Market Street facility
June 1.SRAM’s new office will occupy the entire fourth floor of the
Fulton Market Cold Storage building, now known as 1KFulton. The
area, originally a meatpacking and industrial district, is being transformed by new restaurants, retailers and tech firms.
Argon 18 has received a capital infusion from Business Development
Bank of Canada Capital and the Fonds régionaux de Solidarité FTQ,
the Quebec company announced. Gervais Rioux, founding president
of Argon 18, declined to comment on the exact loan amount, only
saying it was “many hundred thousands of dollars” that will be used
to fund future growth.
“This new facility was designed to be open, naturally lit and conducive to creative development and communication,” said SRAM President Stan Day. Adding, “We’re just blocks from our founding location
where it all started in 1987, so there is some history for us here. This
was a long anticipated move and we’re incredibly excited to be here.”
1KFulton will also serve as the headquarters for World Bicycle Relief
as well as the SRAM Cycling Fund. The 70,000 square foot facility features a 1/8th mile test track, prototype machine shop, test lab, and
industrial design workshop. The new space currently serves 150 employees, with room for up to 200.
Source: SRAM
scott sports acquires bergamont
Scott Sports SA has purchased Bergamont Fahrrad Vertrieb GmbH
from BMC Group Holding AG, which acquired the German bike brand
in 2008. Since that time, Bergamont’s sales have doubled, Scott stated in a release.
The sale comes as BMC Group Holding, whose portfolio includes ebike maker Stromer as well as BMC, reorganizes with a focus on the
sportive segment, the release added. The purchase price was not disclosed.
“A well-established and successful brand like Bergamont fits perfectly within the existing bike portfolio of the Scott group,” Scott Sports
CEO Beat Zaugg said. “Particularly in Germany, Austria and Switzerland, we expect lots of positive synergies.”
Stefan Berkes, founder and general manager of Bergamont, will leave
the company after a transitional period during which management
will transfer to head of product development Martin Eberle and Wolfgang Winkler, administration/finance. They will work together with a
new sales manager under the umbrella of the Scott group. Swiss distribution will continue to be managed by Stefan Schär.
Bergamont offers a full range of kids’, city, trekking, mountain, road
and cyclocross bikes.
“We export to more than 60 countries. Our company is growing fast
so we needed capital,” Rioux told BRAIN, adding that he and his
brother remain sole owners in the company. “The investment will go
toward business development, R&D, and used across all departments
to bring more stability as we grow.”
Argon 18 took over U.S. distribution of its bikes last fall from Sinclair
Imports. The company also hired additional R&D and sales staff at its
Montreal headquarters, which have grown from 14,000 square feet
to 20,000 square feet in the past two years. The company also recently bought a new ERP system and updated its website, both of
which required a huge investment.
“We expect to grow between 20 to 30 percent and have received a lot
of orders for 2016,” Rioux added. “Every market at the moment is
growing. Especially now we have a team, which will be in the Tour de
France. That was a big step for us and brings a lot of confidence to the
market with dealers and distributors. Now we have worldwide visibility with the biggest event in the world.”
The bike brand is co-title sponsor of the German Bora-Argon 18 team.
This year marks the first time Argon 18 has had a team in the Tour de
France. The team is also racing in the Grands Prix Cyclists de Quebec
et de Montréal, and has participated in the Tour du Qatar, Giro Del
Trentino and Bayern-Rundfahrt.
Argon 18 has 35 employees in Quebec; most work at its Montréal
headquarters.
Source: Bicycle Retailer
save the date:
wfsgi bicycle
committee meetings,
eurobike friedrichshafen
August 25 & 26, 2015
Source: Bicycle Retailer
9
giant links online consumers with
dealer stock
Giant has teamed up with leading EPOS suppliers to connect online
consumers to all Giant retailers. This latest development from Giant
opens up participating retailer’s stock to Giant’s Webshop users
across the UK and Ireland. Giant said the move is part of its ethos of
supporting independent cycle retailers and improving the consumer
experience.
Giant UK Digital Specialist Simon Jenkinson explained: “The ‘Dealer
Stock’ project meets consumers’ demand for real time information as
people increasingly make multi channel purchase decision’s, it empowers consumers to quickly find sought after models in the actual
retail channel – either for purchase immediately with delivery through
Click & Collect or Home Set Up, or by using the information to purchase in store.”
The firm said that by harnessing its strong search position and connecting active searchers - the platform will help independent retailers
to level the playing field and compete against large multiple online
retailers.
Giant UK MD Ian Beasant added: “We consistently top Google search
results for Giant and Liv products and we’ve had examples of customers using our retailer listing to ring around many stores, in some cases
more than 20, trying to find stock of a specific bike, while that same
bike is sat on other retailers’ shop floor. Connecting customers who
are actively searching online with retailers’ shop floor stock is the
logical solution for improving the customer experience while supporting independent specialist retailers.” Unlike online affiliate
schemes which deliver
Source: BikeBiz
taiwan’s bike export to eu shows
huge growth
The latest data from the Taiwan Bicycle Association (TBA) shows that
the country’s bike export to the EU markets is growing again after
some years of stagnation. And this growth is by now small numbers.
The TBA reports that during the first four months of 2015 compared
to the same period last year a total of 1,475,000 complete bikes were
exported. This represents a hike of 13.9% over last the same period
of 2014. The total export value also rose by 10.1% to USD 599 million
(€ 533mn). However, the average value per exported bike dropped to
USD 406.15 (€ 361.67), a decrease of 3.3% compared to the same
period in 2014.
Taiwan’s biggest markets
Europe is by far Taiwan’s biggest export market for complete bikes.
After some depressed years that export is now growing again. And
big. Some 883,000 bikes were exported to the EU markets in the first
four months of 2015. Compared to the same period of 2014 this number represents a hike of 25.1%!
In the first ten months of 2014 Taiwan exported 1,559,000 bikes to
the EU markets, according to Eurostat. This number was down 4.1%
on the same period in 2013.
The export rise to Europe by 25.1% in the first four months of this year
is in fact somewhat surprising as reports are coming in that bike production is being shifted from Taiwan to Europe. In particular as due to
the strong dollar against the weak euro production in Europe is currently getting more favourable. It is said for example that the Giant
facility in Lelystad, the Netherlands is running now at full capacity
with increased OE production for brands like Scott.
Export to US and Japan
Bike export from Taiwan to North America increased 15.0% in quantity to 257,000 units, and 24.3% in value to USD 173 million (€ 154mn)
during the named period. Exports to Japan grew by 25.7% in volume
to some 100,000 units, and by 35.7% in total value to USD 40 million
(€ 36mn).
Source: Bike Europe
accell and yamaha cooperate in
mid motor development
For the rapidly growing mid-motor e-bike category, Accell Group developed its own system. For its existing front and rear wheel hub motors Accell Group partners with a factory in China. However for the
production of its mid-motor system the company looked for another
motor manufacturer and found one in Japan.
“One of our sister companies proved very pleased with the quality of
Yamaha’s own mid-motor system,” said Mark Kuper commercial director of Accell Group’s e-bike brand Sparta. “It was one of the reasons for us to decide to enter into a partnership with this Japanese
manufacturer who is renowned for its high quality products.”
Hardware supplier
“Yamaha will provide the hardware, in this case the motor, while we
add all the elements of our ION system. This includes Accell Universal
Motor Controller, the battery and the display. The end result is that
we can spec a mid-motor system on the the MY 2016 e-bikes that offer a highly distinctive character in relation to the other systems on
the market,” explained Kuper.
The exclusive Accell Group mid-motor system will be spec-ed on
Sparta MY 2016 e-bikes. Other Accell Group brands are expected to
spec the new motor system after MY 2016.
bike
Source: Bike Europe
10
nike inc. reports fiscal 2015 fourth
quarter and full year results
NIKE, Inc. reported fiscal 2015 financial results for its fourth quarter
and full year ended May 31, 2015. Diluted earnings per share for the
quarter increased 26 percent as broad-based revenue growth, gross
margin expansion and a lower tax rate more than offset increased
SG&A investments.
•
to reduce tax expense recognized in interim quarters of fiscal
2015 on intercompany transactions.
Net income increased 24 percent to $865 million while diluted
earnings per share increased 26 percent to $0.98, reflecting
strong revenue growth and gross margin expansion, a lower tax
rate and a decrease in the weighted average diluted common
shares outstanding.
Read the full report here.
Source: Nike Inc.
Fiscal 2015 diluted earnings per share rose 25 percent to $3.70, reflecting 10 percent revenue growth, gross margin expansion, a lower
tax rate and a lower average share count, which more than offset the
impacts of higher SG&A investments.
“Fiscal 2015 was an outstanding year for NIKE,” said Mark Parker,
President and CEO, NIKE, Inc. “Our consistent growth is fueled by our
connection to the consumer and our ability to deliver innovation at an
unprecedented pace and scale. At no time in our history has the
growth potential been greater for NIKE.”
Fourth Quarter Income Statement Review
• Revenues for NIKE, Inc. rose 5 percent to $7.8 billion, up 13 percent on a currency-neutral basis.
• Revenues for the NIKE Brand were $7.4 billion, up 13 percent on
a currency-neutral basis driven by growth in nearly every geography and key category except Emerging Markets and Global
Football.
• Revenues for Converse were $435 million, up 14 percent on a
currency-neutral basis, mainly driven by market transitions to
direct distribution in AGS (Austria, Germany and Switzerland)
and strong performance in the United States.
• Gross margin expanded 60 basis points to 46.2 percent. The increase was primarily attributable to higher average selling prices
and continued growth in the higher margin Direct to Consumer
(DTC) business, partially offset by higher product input and logistics costs.
• Selling and administrative expense increased 6 percent to $2.6
billion. Demand creation expense was $819 million, down 7 percent, reflecting higher investment in support of the World Cup in
the fourth quarter of fiscal 2014. Operating overhead expense
increased 13 percent to $1.8 billion, reflecting continued growth
in the DTC business and targeted investments in infrastructure
and consumer-focused digital capabilities.
• Other income, net was $58 million, comprised primarily of net
foreign currency exchange gains. For the quarter, the Company
estimates the year-over-year change in foreign currency-related
gains and losses included in other income, net, combined with
the impact of changes in exchange rates on the translation of
foreign currency-denominated profits, decreased pretax income
by approximately $37 million.
• The effective tax rate was 17.8 percent, compared to 23.5 percent for the same period last year, primarily due to adjustments
women’s sport proves the best buy
for business
For players and spectators it’s fast and skilful; for sponsors it’s now
competitive value of money. Everyone’s a winner, it seems, when it
comes to women’s sport.
After years of struggling for recognition, FA Women’s Cup is to receive
sponsorship worth millions of pounds from the energy firm SSE, guaranteeing the final at Wembley for the next four years and providing
proof of a cultural shift in perceptions about women’s sport.
And the deal announced last week follows news of other recent partnerships between the South Korean car firm Kia and women’s cricket,
the banking group Investec and women’s hockey, and Microsoft and
the Women’s Sport Trust.
The sponsorship of the women’s Boat Race earlier this year by management firm Newton was seen as so groundbreaking that Clare Balding missed the Grand National to commentate, despite her brother
training one of the favourites.
Women’s sport hasn’t always been this blessed. When sport was first
organised professionally, over a century ago, there was a view that
women’s athletic activities should be confined to sex and waitressing.
Baron de Coubertin, founder of the modern Olympic movement,
thought girls should just “stand about with garlands”.
As recently as last autumn, three days after Marlie Packer had been
crowned a Women’s Rugby World Cup champion in the victorious
England team, she was back at work as a plumber. But in the background, nothing less than a social revolution has been taking place.
With the BBC, BT Sport and Sky all expanding their coverage of women’s sport and the impact of London 2012, greater professionalisation
of women’s sport and incursions into the male sport-sponsorship
market, many businesses have studied the return on sponsorship investment and concluded that it makes sense.
Source: The Independent
11
pyeongchang 2018: new events to
boost female participation
The Executive Board (EB) of the International Olympic Committee
(IOC) agreed on the event programme and athlete quotas for the
Olympic Winter Games PyeongChang 2018.
The following events were added to the 2018 Olympic programme:
curling mixed doubles (M&W); speed skating mass start (M/W); Alpine skiing nations team event (M&W); and snowboard big air (M/W).
The changes reflect the continued evolution of the Winter Olympic
programme and build on the success of recent editions of the Games.
They also build on the reforms outlined in Olympic Agenda 2020
which aim to create more flexibility in the programme of the Olympic
Games.
Olympic Agenda 2020 has created a new framework of considerations, including the introduction of a recommended cap of approximately 2,900 athletes and 100 events for the Olympic Winter Games.
While providing a sustainable model for the hosting and organisation
of the Games, this framework also limits the ability of the IOC to support all new event proposals put forward by International Federations (IFs).
Requests for changes to the programme were received from the IFs
and considered according to the following criteria: added value;
youth appeal; attractiveness for TV, media and the general public;
gender equality; minimum impact on the number of events and/or
quotas; and infrastructure and operational cost and complexity.
The IFs and the Organising Committee for the Olympic Winter Games
PyeongChang 2018 were consulted throughout the review process
and their feedback was taken into account.
The EB decided to remove the snowboard parallel slalom (M/W) allowing for snowboard big air to enter the programme, in agreement
with the International Ski Federation (FIS).
The new programme will allow for a record number of female events,
a record number of mixed events, a record number of female athletes, and a projected increase in the overall female participation
rates at the Olympic Winter Games, reflecting the implementation of
Olympic Agenda 2020.
The PyeongChang 2018 event programme review was based on IF requests that were made to the IOC prior to the approval of Olympic
Agenda 2020. This review must therefore be seen as a transition rather than a full implementation of Olympic Agenda 2020 reforms, which
will be in place for the review of the programme of the 2022 Olympic
Winter Games.
Olympic programme evaluation criteria for Tokyo 2020 approved
This morning the EB also approved the evaluation criteria for review
and analysis of any proposal from Tokyo 2020 for the inclusion of one
or more additional events on the Olympic programme.
Recommendation 10 of Olympic Agenda 2020 allows Organising Committees for the Olympic Games (OCOGs) to make a proposal for the
inclusion of one or more additional events on the Olympic programme
for that edition of the Olympic Games.
The list of criteria was developed to support the EB in making its recommendation and the IOC Session in making its decision. The criteria
were derived from an original set of 74 criteria that were approved by
the IOC Session in 2011 and used to evaluate the 2020 sports programme in 2013. With the approval of Olympic Agenda 2020, an analysis was conducted by the IOC Sports Department to streamline the
process for host cities developing criteria for new sports. These criteria are meant to serve as a guide for OCOGs, and cover five main
themes: Olympic proposal, value added to the Olympic Games, institutional matters, popularity, and business model. Click here for the
full 35 criteria.
Last month, Tokyo organisers opened the application process for additional event(s) to be included at the Olympic Games in 2020. Tokyo’s
final choice of events to be proposed to the IOC will be made by 30
September 2015. The final decision on which new event will feature
in the Olympic programme of the Olympic Games Tokyo 2020 will be
made by the 129th IOC Session in Rio de Janeiro in August 2016.
Source: IOC
ispo munich: visualizing the global
center of action sports trade
Messe München, organizer of ISPO MUNICH, ISPO BEIJING and the
upcoming first ISPO SHANGHAI (July, 2-4), is already preparing for the
next event in Munich. As a statement to underline its role as the
world’s leading location for the action sports business, the trade
show operator has produced a creative film promoting the Munich
fair as the number one meeting point for trade professionals in the
world of board sports and related categories.
The movie is publicized through the social networks that ISPO uses to
attract action sports retailers from all over the world. Retailers coming to Munich will find all the essential advantages of going to the fair
in terms of logistics, accommodation and – most importantly – the
Alps where buyers can test the latest gear.
Check out the movie here.
Source: ISPO
12
obama’s hallmark pacifc trade
pact is back on track
President Barack Obama’s bid to boost U.S. economic ties with Asia
was poised for a win last week, when a six-week congressional battle
will culminate in a decisive Senate vote on legislation needed to seal
his hallmark Pacific Rim trade deal.
After two brushes with failure, some fancy legislative footwork and
myriad backroom deals to keep the legislation alive, lawmakers are
expected to grant Obama the power to negotiate trade deals and
send them on a fast track through Congress.
Approval could push negotiations on the 12-nation Trans-Pacific Partnership (TPP) over the finish line in time to get it through Congress
before year-end. TPP is a central part of Obama’s foreign policy pivot
to Asia to counter the rising diplomatic and economic influence of
China.
The deal, potentially a legacy-defining achievement for Obama,
would create a free-trade zone stretching from Japan to Chile, comprising 40 percent of the world economy and raising annual global
economic output by nearly $300 billion.
The Senate voted 60-37 on Tuesday to clear a procedural path for a
final vote on passage of fast-track authority, which would let lawmakers set negotiating goals for trade deals, including TPP, but restrict
them to yes-or-no votes on final agreements.
The fast-track legislation itself now only needs a majority of votes to
pass, a hurdle it cleared easily more than a month ago on its first run
through the Senate.
It was forced back to the Senate floor after a revolt by House of Representatives Democrats resulted in fast-track being split from a companion measure extending a program to help workers hurt by trade.
That bill now faces a separate vote in the Senate, as early as Wednesday, and another in the House. Republicans hope to pass that program this week and send both measures to Obama for approval, before going on a week-long break.
The bruising congressional battle has pitted Obama against many in
his own party, including House Democratic Leader Nancy Pelosi, and
prompted blood-letting among Republicans after party leaders lashed
out at conservatives who refused to back the trade agenda.
Although opinion polls show a majority of Americans support trade
deals, congressional approval has been a tough slog because labor
unions and liberal activists have campaigned against fast-track, warning of job losses and vowing to retaliate against Democrats who break
ranks to support trade.
The front runner for the party’s presidential nomination in the 2016,
Hillary Clinton, said Democratic critics had legitimate concerns but
has so far reserved judgment on the TPP, which could become an issue in 2016 election campaigns.
The TPP would be the biggest trade deal since the North American
Free Trade Agreement 20 years ago between the United States, Canada and Mexico.
Source: Business Insider
wbsc submits application for
baseball, softball inclusion at
tokyo 2020 olympic games
The president of the World Baseball Softball Confederation, Riccardo
Fraccari, announced that the world governing body has submitted an
official proposal to the Tokyo Organizing Committee for the Olympic
Games (TOCOG) for the addition of men’s baseball and women’s softball at the 2020 Games.
“It is an honour for the World Baseball Softball Confederation to submit the application to Tokyo 2020 organisers,” said President Fraccari,
“and on behalf of baseball and softball, I would like to fully thank and
recognise IOC President Thomas Bach for his Olympic Agenda 2020
vision, which has created this exciting new process for new sportsevents, like baseball and softball, to be considered for the world’s
biggest sports stage, the Olympic Games.”
The Tokyo 2020 Additional Event Programme Panel will evaluate the
proposals from IOC-recognised non-Olympic international sports
federations, with Tokyo 2020 set to announce a shortlist on 22 June.
The WBSC is hoping to highlight that adding baseball and softball to
the 2020 Games in Japan – where the bat-and-ball sport is embedded
in the society across both genders – will serve to optimise fan, youth
and overall engagement, helping to captivate the entire Olympic host
nation of Japan and audiences worldwide. Baseball and softball are
played by an estimated 65 million athletes in over 140 countries and
attract approximately 150 million fans annually to stadiums worldwide.
“Adding baseball and softball – a major global team sport and highly
popular in Japan – can help further position the Olympic Games as the
centre of the sporting and cultural universe – providing the athletes,
organisers and viewers with an electrifying Games-time synergy and
atmosphere,” President Fraccari said.
Source: WBSC
13
ioc sign €1.3 billion deal with Eurosport to showcase
Olympics in Europe
Eurosport will broadcast the Olympic Games across Europe as part of a deal starting in 2018 to cover two Olympic cycles
following an agreement signed between the International Olympic Committee (IOC) and Discovery Communications, the
parent company of the pan-European television sports network
The agreement will cover the Pyeongchang 2018 and Tokyo 2020 Olympics, as well as the 2022 and 2024 Games, which
have yet to be awarded. It will apply to every European territory, except for Russia, accounting for 53 countries in total.
The only other exceptions are France and Britain for the 2018 and 2020 Games, since those rights have already been sold.
Discovery, the US-based company who bought Eurosport last year, will also sub-licence a portion of the rights in “many
markets across Europe”, it was added, meaning broadcasters will have to negotiate with them rather than with the IOC.
The deal, worth €1.3 billion (£926 million/$1.5 billion), marks a change with the previous system of working with a consortium of public broadcasters throughout Europe rather than one group, and follows other major television deals, including one with NBC Sports stretching until 2032.
“This is a significant agreement for Discovery and the IOC, and we are excited to have Eurosport, the pan-European home
of Olympic sports, as a partner,” said IOC President Thomas Bach. “This agreement ensures comprehensive coverage of
the Olympic Games across Europe, including the guarantee to provide extensive free-to-air television coverage in all territories. Discovery and Eurosport have demonstrated a major commitment to the Olympic Games, to Olympic sports and
to the future of the Olympic Movement.”
It will work across all platforms, including free-to-air television, subscription and pay-TV, internet and mobile phone in all
languages across 50 countries and territories on the European continent. A minimum of 200 hours of the Olympic Games
and 100 hours of the Olympic Winter Games will be shown on free-to-air television during the Games period.
“We took control of Eurosport a year ago and embarked on a long-term mission to reinvigorate and strengthen its networks and brand,” said Discovery Networks International President JB Perrette.
“Today’s announcement is an incredibly exciting step forward on that journey.
“Eurosport’s unmatched technical prowess and ability to deliver the Olympic Games to 50 countries in 20 languages
across multiple platforms is an important win for sports fans.
David Zaslov, President and chief executive of Discovery Communications, added: “Today is a historic day as we proudly
add the Olympic rings to Discovery Communications’ portfolio of offerings.
“The long-term programming commitment with President Bach and the IOC reaffirms Eurosport’s position as the leader
in sports across Europe, and will significantly enhance Eurosport’s presence on all platforms.”
Source: InsidetheGames
14

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