Recent Interviews

Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)


Interview Clean Logistics: Hydrogen challenge to Daimler + Co.

Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

11. February 2021 | 12:13 CET

Adidas, RYU Apparel, Zalando - Athleisure look: not only look good, but perform well too!

  • Sportswear
Photo credits: RYU Apparel

Over the last few years, the artificial word "athleisure" has become accepted as a term for sports and functional clothing worn in everyday life, also known as urban or activewear. The sportswear industry (Athletic Apparel Industry) is dominated by Nike, followed by the strong number two Adidas. Puma and Under Armour are other well-known players. Also, there are many still small, innovative and dynamically growing companies attracting more and more attention. And one industry is benefiting from any new trends in Corona times: mail order.

time to read: 3 minutes by Carsten Mainitz
ISIN: CA74979J4072 , DE000A1EWWW0 , DE000ZAL1111



Carsten Mainitz

The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

About the author

ADIDAS AG - Here, Athleisure means Sports and Loungewear

Adidas was a remarkably consistent growth stock until the Corona crash in March 2020. However, since the price crash, it has been on a steady upward trend again, even if the previous year's level has not quite been reached. Adidas, like its fiercest competitor Nike, was late to jump on the athleisure trend.

The world's number two in the industry sells its fashion somewhat coyly under the terms sports and loungewear. In the meantime, however, casual fashion has become an essential part of the product range. Corona in particular and the associated lockdowns are likely to have led to a significant increase in demand for athleisure clothing. As a result, this market segment has performed better than average overall.

Long-term investors can now add an excellently positioned and consistent growth stock to their portfolios at a relatively low price.

RYU APPAREL INC - Forward with old hands and fresh money

RYU Apparel Inc, founded in 2008, is the manufacturer of urban sportswear in the Canadian sports and apparel metropolis of Vancouver. At the turn of the year, Cesare Fazari, CEO since March 2020 of RYU Apparel Inc, announced various course-setting measures for 2021. These plans included the successful raising of nearly CAD 6 million in additional capital and the formation of various strategic partnerships, including with Zoom Media (indoor advertising in gyms), Afterpay (payment service provider for top retailers) and Branded Entertainment Inc. (product placement in the top television series "The Count").

Having succeeded last year in attracting top personnel such as Grant Matzen (wholesale, formerly with Under Armour, Vans and Quicksilver, among others), James Chapman and Andrew Parr (both for golf, the former once with Perry Ellis and Callaway), RYU has now been able to sign Rob Blair as COO. Blair, who has more than 20 years of industry experience, including at Nike, GAP and Lululemon, is a transformation specialist tasked with implementing the visionary growth strategies outlined by CEO Fazari. These strategies include the new e-commerce store, which is expected to increase the online sales share.

Launched this year and described by the Company as Phase 3 of the growth plan, it is expected to boost RYU's sales to more than CAD 1 billion by 2030. With a current CAD 40 million market capitalization, this is an ambitious goal, but not an impossible one when considering some competitors' development in this field. Given the excellent prospects, the current share price is an invitation to buy.

ZALANDO SE - Corona: Scream with happiness!

Corona has turned out to be a lucky break for the mail-order business. While the trend towards ordering goods, especially clothing, was already growing strongly in recent years, Corona has provided an additional kick. Never have more goods been ordered than in the lockdown phases during the pandemic.

Among others, the German clothing and shoe mail-order Company Zalando SE benefited from this in particular. The online retailer increased its sales in the third quarter of 2020 by a whopping 22% to just under EUR 1.85 billion. At the beginning of the pandemic, the group was able to release provisions in the amount of EUR 35 million after the spring and summer collections sold exceptionally well. In addition, Zalando wisely relied not only on its own web store but also steadily expanded its digital partner programs. This was reflected in the share price: after plummeting by more than a quarter to just under EUR 30 in March 2020, the stock has since more than tripled in value. The question is whether the Germans will continue to order their goods on the Internet after the end of the Corona restrictions or whether a new appetite for stationary retail will set in.

With a P/E ratio of over 100, the stock certainly doesn't seem cheap at the moment. On the other hand, analysts expect the P/E ratio to fall to below 30 by 2024. So, it's still a bet that risk-tolerant investors can take with a view to the development of other mail order companies.


Carsten Mainitz

The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

Related comments:

29. December 2020 | 09:00 CET | by André Will-Laudien

RYU Apparel, Adidas, Under Armour - Styling high on the agenda!

  • Sportswear

The third wave of closures in Austria and now complete lockdown! Until January 18, not much is running in the Alpine country - however, the ski resorts are still open. Sports training is not a problem even in pandemic conditions - likely responsible for this is the strong lobby of ski tourism, which extends from hoteliers, restaurant owners, and mountain railway operators to the sports industry. The government followed the request and successfully resisted European uniformity. Reason: The Austrian gross domestic product is dependent on tourism to 37%, and here the winter pays two-thirds of the fee again. Turning off the tap at this point would immediately raise the question of who has to bear the economic damage. In any case, the EU will not pay - this has already been announced, so that skiing pleasure remains possible in Austria. We look at the sports and styling industry - is a new outdoor boom starting?


22. December 2020 | 08:37 CET | by Carsten Mainitz

Nike, RYU Apparel, Adidas - Which share is now setting off at a sprint?

  • Sportswear

According to Statista, the global market for sporting goods is worth USD 180 billion. In addition to large established players such as Nike or Adidas, there are many small suppliers in the industry. Both groups are worth a look at because it is a business with high margins and a large addressable market. Especially for small, emerging suppliers, a clear profile and brand building are essential. In addition, online retailing offers excellent opportunities. We show you where the music plays.


25. November 2020 | 11:24 CET | by André Will-Laudien

RYU Apparel, Nike, Abercrombie - Black Week Online is booming!

  • Sportswear

The Bitcoin goes through the roof with USD 19.400, and Amazon & Co. is ringing the cash box. We are in Black Week - the shopping week with the highest turnover of the year. Introduced originally as Black Friday, it was the Friday following Thanksgiving, when 85% of all North Americans don't have to go to work. And what do Americans prefer to do than shop? US retailers make about 20% of their annual sales during this time because there are also early Christmas purchases. In COVID-19 times the picture is again in favour of online business. Yesterday the Black Week started with great discount offers, today the Dow Jones jubilates with new highs - we take a closer look at prominent representatives of the styling industry.