Latest Headlines – Page 150
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Sportmaster will service eastern Russia better
Russia's biggest sports retailer, Sportmaster, has opened a big distribution center of 50,000 square meters in the city of Yekaterinburg to service its stores in the eastern part of the country – including the Urals, a part of Siberia and the Volga region – as well as in Kazakhstan.The overall ...
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Fischer gets going with One Way
Fischer Sports has appointed one of its managers, Severin Lehner, to run its One Way business unit, assuming responsibility of brand management, product development and sports marketing for the Finnish brand of ski poles, which it took over in May 2018.He will report to Franz Föttinger, the chief executive of ...
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Ongoing momentum for Lululemon, also in Europe
The Canadian-based brand posted another stellar quarter, and its momentum still shows no signs of slowing. Net income for its first fiscal quarter ended Aug. 4 jumped by 30.6 percent to US$125.0 million, while revenues surged by 22 percent to $883.3 million. On a constant-dollar basis, sales were up by ...
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Zumiez’ Blue Tomato expands further in Europe
Blue Tomato has opened a big store on a well-known shopping street the center of Amsterdam. Located at Kalverstraat 193-195, the 400-meter shop is the second one in Netherlands, after an opening in Utrecht last November. It already has about 40 physical stores operating in Austria, Germany, Switzerland, in addition ...
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Apex expands Hi-Tec licensing and distribution
Apex Global Brands has reported the signing of several new licensing and distribution contracts for its Hi-Tec brand with partners in Europe, North America and Asia, and more partnerships may follow.The company had previously announced the addition of new licensing deals for its Tony Hawk brand, including an interesting contract ...
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New partnerships for an incentivizing app
My Money Time, maker of the WePulse platform and app, has signed two partnership deals in the past couple of weeks with Wellness Training and, more recently, with Klésia. Wellness Training has also purchased a minority share in the company.Headquartered in the French city of Biarritz, My Money Time has ...
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Gresvig concentrates on the Intersport banner
Gresvig, the former leader in the Norwegian sports retailing sector, announced a new cooperation with Intersport International Corp. (IIC) and its decision to rebrand all its stores as Intersport. Its remaining G-Sport and G-Max stores will be converted to the Intersport banner between now and the middle of 2019. Its ...
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Intersport moves into Taiwan
After many months of discussion, Intersport International Corp. (IIC) is scoring another big coup by entering the market of Taiwan through an agreement with Momentum Sports, the biggest sporting goods retailer in a country where the rate of sports participation is said to be among the highest in Asia. While ...
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A soft Q2 for Foot Locker
Foot Locker Europe's sales went up by a low single-digit rate in the second quarter ended on Aug. 3, and the German-based Runners Point and Sidestep chains were flat. However, the entire Foot Locker group suffered a sales decline of 0.4 percent to $1,774 million, although comparable store sales and ...
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Alibaba pulls a strong quarter despite the ongoing trade war
Supported by growth in e-commerce and cloud computing, Alibaba Group Holding's revenues for its first fiscal quarter ended on June 30 topped analysts' expectations. This came despite the difficult trade environment caused by the ongoing U.S.-China dispute, as well as an increasingly competitive e-commerce industry.The Chinese e-tailer's sales increased by ...
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Anta’s revenues soar by 40%, boosted by Fila
Anta Sports Products kept the momentum going in the first half of 2019, with a sales increase of 40.3 percent to 14,810 million yuan renminbi (€1.9bn-$2.1bn), driven by a very strong performance from Fila, which Anta licenses in China.This led to a 27.7 percent jump in comprehensive net income attributable to ...
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Li-Ning sees earnings surge
Chinese sports brands seem to have found a comfortable niche in a growing domestic market. It is giving no signs of slowing down for them or for the international brands, which are positioned in a higher segment. Some of the Chinese companies' gains are coming from higher average prices.The year ...
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Xtep grows briskly while developing a multi-brand model
Before publishing very good results for the first half of this year, Xtep International Holdings of China announced the completion on Aug. 1 of its acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, for $260 million from E-Land of South Korea. The entire business had a ...
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361 Degrees is charging higher prices
361 Degrees International grew at a slower pace of 7.3 percent in the first half of this year, reaching a turnover of 3,236.8 million yuan renminbi (€407.4m-$451.9m), but the attributable profit went up by 9.7 percent to RMB 367.4 million (€46.2m-$51.3m), equal to a net margin of 11.3 percent. The ...
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Symphony plans acquisitions
Another Chinese company, specializing in retailing and the operation of shopping malls, Symphony Holdings, has created a dedicated unit in the U.S., TKK Symphony Acquisition, for the purpose of financing mergers and acquisitions in the sporting goods sector or any other in any country. The company, which began trading on ...
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Goldwin pushes its own brand internationally
Goldwin, which has been mainly offering its highly technical skiwear outside Japan, is going to offer an athletic apparel collection through retailers in the U.S., Europe and Asia during the coming autumn season. The Japanese brand had launched a lifestyle collection for the fashion retail circuit two years ago as ...
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Puma enters into an e-sports partnership
Catering to the growing popularity of e-sports and other electronic games, Puma has contributed some of its research on ergonomics and materials, including its breathable fabrics, to a new product developed in cooperation with a Dutch brand of gaming seats called Playseat. The fruit of this union, the Playseat | ...
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Globe sells Dwindle
Although Globe International had a strong first half that saw profits soar, this was not enough to offset the negative impact of the stronger U.S. dollar in the second half through June 30. The group ended the financial year with lower profits, with the net income declining by 3 percent ...
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Maloja grows in the bike apparel segment
Maloja, the German brand of functional apparel with cool designs, has reported an increase of 50 percent in its sales in the bike segment in the first half of this year by comparison with the same period of last year. This year marks Maloja's first sponsorship of a continental bike-racing ...
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Wintersteiger builds up a counter-seasonal sports business
Wintersteiger, the global leader in ski maintenance and rental systems, has intensified its efforts to diversify into the bike sector. It will participate for the first time in the Eurobike show taking place in Friedrichshafen on Sept. 4-7, offering a wider range of bike-related products and services.Its Easystore module for ...
