Latest Headlines – Page 159
-
Article
JD Sports Fashion reports record overall results
The acquisition of The Finish Line in the U.S. and Sport Zone in Iberia helped JD Sports Fashion to book a strong 49.2 percent increase in total revenues to £4,717.8 million (€5,454.2m-$6,171.5m) for the financial year ended on Feb. 2, compared with £3,161.4 million in the previous year. Finish Line ...
-
Article
XXL focuses on margins
Following troubles at the end of 2018, XXL ASA started 2019 on a mixed note, with lower sales but higher profit margins. As previously reported, in the fourth quarter, the leading sports retailer in the Nordic countries posted lower-than-expected sales in all the markets where it operates.XXL's interim management admitted ...
-
Article
Sport Voswinkel goes insolvent
Sport Voswinkel, a chain of 74 stores throughout Germany that has been a member of Intersport Deutschland since 1989 and a subsidiary of the voluntary group since 2003, filed an application for insolvency protection proceedings under its own administration on April 24.It's just one more headache for Intersport Deutschland, whose ...
-
Article
Puma makes strong progress
Reaching new records, Puma reported today a 16.6 percent increase to €1,319 million for the first quarter, with a growth of 15.3 percent on a currency-neutral basis. The operating margin (Ebit) rose to 10.8 percent, up from 9.9 percent in the year-ago period, in spite of higher investments in logistics, ...
-
Article
Lululemon launches a new phase of international expansion
Lululemon Athletica unveiled a new five-year plan at its investor meeting in New York on April 24, which calls for among other things a fourfold increase in international revenues, the development of a footwear range and strong growth in the men's category, which could represent half of total sales in ...
-
Article
Salming’s former boss runs Tenson now
Tomas Solin, a 52-year-old manager who raised the turnover of Salming Sports from 4 million Swedish kronor to about SEK 200 million (€18.9m-$21.1m) in the 12 years spent under his leadership, has become the new chief executive of Tenson, the Swedish brand of outdoor and snow sports apparel.At Tenson, Solin replaces ...
-
Article
Snow and mountain tourism continued to increase in 2017/18
The snow and mountain tourism industry is facing the challenge of generating long-term growth. According to the 2019 International Report on Snow & Mountain Tourism, compiled by Laurent Vanat and released earlier this month, baby-boomers and mature enthusiasts represent the majority of participants, and due to their age, these participants ...
-
Article
Austria reaches the podium for skier visits
In Austria, the 2017/18 season registered a 4.8 percent increase in attendance. The poorer figures in France and the U.S. propelled Austria to the first rank in skier visits podium for the first time in recent history. In France, attendance improved by 5.6 percent to 53.8 million skier visits, after ...
-
Article
China leads the industry’s growth
In China, which is leading the industry's growth, winter sports are getting a big boost by the upcoming 2022 Winter Olympics, with ski areas now blossoming across nearly all Chinese provinces. In 2018 alone, 39 new ski areas were inaugurated, bringing the total to 742 ski areas. Most of them, ...
-
Article
A declining market in the U.S. and Japan
The U.S. represents one of the world's largest ski markets. After a booming 2010/11 winter, which posted an all-time record of 60.5 million skier visits, attendance began declining, explains the report. In the winter 2017/18 season, skier visits fell by 2.7 percent to 53.3 million, according to Vanat's report, which ...
-
Article
BasicNet’s consolidated revenues jump by nearly 39%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, posted aggregate sales of €241.6 million in the first quarter of 2019, representing an increase of 16.1 percent from last year's first quarter, with a growth of 15.9 percent in local currencies.Consolidated revenues jumped by ...
-
Article
Skechers’ shares drop despite record revenues
After passing the $1 billion revenue threshold in the fourth quarter of 2018, Skechers USA ended up again with record sales in the first quarter. They reached $1,280 million, an increase of 2.1 percent over the year-ago quarter. In constant currencies, revenues increased by 5.6 percent. This was fueled by ...
-
Article
E-bikes and fishing lift Shimano’s sales
Just as in 2018, robust sales of components for e-bikes in Europe and strong sales of fishing products globally boosted Shimano's results for the first quarter of 2019. The company's net income soared from 1,091 million yen (€8.7m-$9.8m) in the first quarter of 2018 to ¥13,384 million (€107.5m-$119.9m) this quarter, ...
-
Article
Further escalation in football contracts
The cost of sponsoring a high-ranked football property continues to increase, particularly as brands like Puma and New Balance selectively compete for certain contracts against Adidas and Nike. Furthermore, the sports brands are now preferring to spend more on sports marketing rather than TV advertising because they can save money ...
-
Article
Macron’s revenues increase to nearly €100 million
Macron posted revenues of €97.8 million in 2018, representing an 18.3 percent increase as compared to 2017. The company improved its turnover in most European countries as well as in North America and Southeast Asia. In these two regions, the growth rate was double-digit. The company's Ebitda increased to €13 ...
-
Article
Signa Sports United offers sports clubs support for digitization
Signa Sports United – a subsidiary of the Signa group, which also owns Karstadt Sports – says it is aiming to support sports clubs in their digitization. The company has signed partnership agreements with two German technological service providers, Soccerwatch.tv and Tracktics, for its more specialized online sports retail operations, which include Outfitter, ...
-
Article
Adidas presents its first fully recyclable running shoe
Adidas has unveiled the new Futurecraft.Loop, a 100 percent recyclable performance running shoe that is meant to contribute to the global battle against plastic waste. The company has described the shoe as its “first running shoe that is made to be remade.” The Futurecraft.Loop is aimed at enabling a “closed ...
-
Article
Ispo study gives insights into purchasing behaviors
A new online survey of active consumers across Europe performed by Ispo shows that they prefer to buy for the long term. The durability of a sports product is perceived as a quality feature and is an important purchasing criterion for 75 percent of the respondents, and 37 percent also ...
-
Article
Trade in fakes rises to 3.3% of world trade
The trade in counterfeit and pirated products has grown steadily in the last few years. With a value estimated at $509 billion, it came to represent an estimated 3.3 percent of world trade in 2016, up from 2.5 percent in 2013, according to a new report by the OECD and ...
-
Article
Russia is not ready for shoe tags
Russian footwear manufacturers and retailers are asking the federal government to postpone the introduction of compulsory tagging of all shoes on the domestic market with RFID chips. The new regulations, which are slated to come into force on July 1, were partly meant to crack down on sales of fake ...
