Latest Headlines – Page 156
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WFSGI may make an announcement soon
Robbert de Kock, president and chief executive of the World Federation of the Sporting Goods Industry (WFSGI), called the actions of BSI and Fesi “a step forward” in the sporting goods industry's relations with the IOC. While advocating “a more global solution,” he pointed out that the issue is very ...
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Foot Locker grows slightly
Disappointing investors, Foot Locker reported a lower-than-expected 2.6 percent increase in revenues to $2,078 million for the first quarter ended on May 4, with gains of 4.6 percent on a same-store basis and 4.7 percent in constant currencies. However, digital sales jumped by 14.8 percent, representing 15.4 percent of the ...
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New management and new business plan for Cisalfa Sport
Cisalfa Sport has appointed Maurizio Mancini as the new chief executive of Cisalfa Sport and Intersport Italia, which together form the largest network of sporting goods stores in Italy. Formerly in charge of product, he has been working for many years at the company together with his brother Vincenzo Mancini, ...
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Denmark’s Sportmaster is refinanced
Nordic Capital, which took over the Danish Sportmaster retail group and related assets in 2012, has agreed to inject 35 million Danish kroner (€4.7m-$5.3m) into its parent company, Sport Nordic Holding, after a big deterioration of its results in 2018 that was attributed to logistic problems and fierce competition in the ...
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XXL Sweden’s CEO quits over Facebook post
XXL ASA is still looking for a new chief executive for the group, after the CEO of its Swedish subsidiary, Per Sigvardsson, stepped down recently following a controversy surrounding a Facebook post made in April about a Swedish climate activist, Greta Thunberg.Sigvardsson himself claimed that he had been hacked and, ...
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Big drop in Norway’s sports market
XXL was not the only poor performer in Norway in the first quarter of 2019. As we already reported, its sales in its home market fell by 5.9 percent in the quarter, with a drop of 10.3 percent on a comparable basis (SGI Europe Vol. 30 N° 15-16 of April ...
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Intersport hopes to overtake Decathlon in France
The management of Intersport France told its retail members last month that it wants to become the leading sporting goods retailer in France by 2024, the year of the Olympic Games in Paris, or one year later, taking the place of Decathlon in the retailer's home market. The management of ...
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Market leader in softgoods
Intersport already claims a leadership in the French athletic footwear and apparel market. The Kantar Worldpanel has found Intersport last year took 18.7 percent of the sales of footwear and apparel sold in French sporting goods stores, or 0.9 percentage points more than in the previous year. Decathlon's share declined ...
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Going for bigger stores
The total number of Intersport stores grew last year by ten in France and Belgium to a total of 660 units, including 247 stores located in mountain resorts, and 113 of them were moved to new and generally bigger locations. Their combined sales floors rose by 45,000 square meters to ...
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Going more digital
The growing popularity of e-commerce, particularly through marketplaces like that of Amazon, is not bothering Intersport France at this stage, as the number of people visiting its stores grew by 3.2 percent last year, partly attracted by promotions that represented more than 35 percent of their sales. Online ski rentals ...
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Sports Direct sells it premises and other assets
For once, Mike Ashley's Sports Direct International is selling assets instead of buying them.The company announced a few days ago an agreement to sell the real estate of its head office and warehouse in Shirebrook, while taking a 15-year lease to continue to operate in the premises. The completion of ...
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VF looks for bigger acquisitions after a weak quarter
VF Corporation is looking for bigger prey in its remaining Outdoor, Active and Work segments after its recent takeover of Icebreaker and Altra, which are said to be performing well while being integrated into the group's global supply chain and its sales organization. Evidently, with an adjusted cash flow of ...
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TNF attempts a SEO hack of Wikipedia and Google
Cleverness, as The North Face is discovering, has its risks. A marketing ploy has earned the California-based outdoor brand a reprimand from Wikipedia, the free online open-source encyclopedia.In a separate ploy back in January, the brand began poking fun at one of U.S. President Donald Trump's signature policy initiatives – ...
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Helly Hansen reports strong growth
Canadian Tire Corporation (CTC) is already starting to get a return on the huge investment it made to complete the acquisition of Helly Hansen last July, although the synergies will only start to filter through toward the end of this year, according to Paul Stoneham, the chief executive of the ...
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Canada Goose begins to slow down
Canada Goose Holdings reported a 53 percent increase in net income to 144.3 million Canadian dollars (€95.5m-$107.5m) for the financial year ended on March 31. The company's operating margin (Ebit) improved by 0.3 percentage points to to 23.7 percent, while revenues jumped by 40.5 percent to C$ 830.5 million (€549.8m-$618.7m).Revenue from ...
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Fila makes big strides in Europe and elsewhere
The Italian heritage sports brand is on fire, and Fila made the biggest stride in Europe during the first quarter of 2019, as Fila Korea's licensing royalties from the region more than doubled, growing by 112 percent to 8,952 million Korean won (€6.7m-$7.6m). Fila Korea has been the owner of the ...
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Sports fashion lifts Björn Borg's results
Björn Borg's sales for the first quarter jumped by 11.2 percent to 188.2 million Swedish kronor (€17.5m-$19.5m), boosted by a favorable currency exchange rate. In constant currencies, sales were up by 7.1 percent.The company said these were record revenues and that its sports fashion collection had been particularly well received, ...
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Hoka One One grows strongly in Europe
Hoka One One continues to run fast. Deckers Brands, which bought Hoka in 2013, reported a 33 percent increase to $67.1 million for the brand's sales in the fourth quarter of its fiscal year, ended on March 31, driven by international sales. Its sales outside the U.S. went up by ...
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Spain’s Munich grows strongly
Munich, the Spanish brand of athletic and sports lifestyle shoes – now in its 80th year – closed out 2018 with revenues of €40.5 million, up by 16 percent from the previous year. Revenues were particularly strong in the second half of the year. In addition, a 23 percent increase ...
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Alpargatas performs better
Alpargatas reported a 9 percent increase in sales to 940 million reals (€205.9m-$229.9m) for the first quarter of 2019, with gains in all its divisions in Brazil and abroad. In particular, the management pointed to an increase of 16.1 percent in the sales of its major brand, Havaianas, which were particularly ...
