Latest Headlines – Page 176
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Decathlon buys Athleticum
Confirming reports in the Swiss media, Decathlon says it has agreed to take a majority stake in Athleticum, the third-largest integrated sporting goods retail chain in Switzerland and the fourth one including Intersport, with all its 23 stores and its 455 collaborators. The financial terms were not disclosed. While rebranding ...
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Rift around a proposed takeover of Sport 2000 France
A rift has erupted between retail members of Sport 2000 France and the majority shareholder of the buying group, Activa Capital, after the collapse of discussions for a takeover of Activa's stake by the sports retailing group's members.Activa Capital became a minority shareholder at the French retail cooperative in 2008 ...
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Puma catches up with the bulky footwear trend
Confirming the agility of its processes, the Wild Cat managed to lift its sales by 15 percent in constant currencies and to raise its profit margins in the second quarter of 2018, as it reacted rapidly to a shift in consumer demand for bulkier footwear. Bjørn Gulden, Puma's chief executive, ...
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Puma’s deal with Manchester City is international
Puma is joining Nike and Adidas in the big league of English football sponsors through a deal reportedly worth £50 million (€55,9m-$64,8m) per year that will cover the Manchester City football club as well as three other clubs owned by the City Football Club (CFG): Girona in the Spanish Liga, ...
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Weakness in U.S. weighs on Asics
Weaker sales of Asics footwear in the U.S. and a clean-up of the distribution in Japan dragged down the Japanese group's sales in the first half of this year, and its profit was further reduced by investments for its own retail business.The Asics group's sales were down by 5.4 percent ...
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Asics Europe improves in key areas
Asics suffered an underlying sales decline in Europe, the Middle East and Africa (EMEA) for the first half of this year, but the company said that the trend improved in the second quarter and that it has been making rapid progress in priority areas.As reported by the Asics group (see ...
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Under Armour progresses with a clean-up
Under Armour returned to growth in North America and managed an ample sales rise in international markets in the second quarter, but its profitability was impacted by restructuring measures. The company has identified additional cutbacks and investments worth about $80 million, which should raise restructuring and related charges to between ...
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Two top managers leave UA for Nike and TNF
Adrienne Lofton, who has served at Under Armour for the past nine years as senior vice president and global head of brand management, is leaving the company to join Nike, according to a report in Adweek, partly confirmed by a posting on Instagram. Her future responsibilities have not been spelled ...
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Pentland appoints new top managers
Pentland Brands appointed last month three directors to head up its Team Sports business, which includes Canterbury and Mitre, as well as for Berghaus and its fashion footwear licenses, Ted Baker and Karen Millen. They all report to Andy Long, chief executive of Pentland Brands, who has been intent on ...
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BasicNet’s net profit jumps by 87%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands, reported aggregate sales of their products by its global network of licensees of €398.8 million for the first half of 2018, up by 7 percent at current exchange rates and by 10.1 percent in constant currencies ...
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Mixed performance for Amer Sports
Weaker demand for ball sports products and fitness equipment from the Amer Sports group led to a dip in sales and an operating loss in the seasonally small second quarter, but its sales in the second half should be supported by a double-digit hike in orders of winter sports equipment, ...
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Another stellar quarter for Callaway
After a strong first quarter, Callaway Golf Company posted record results for the three months ended June 30. In particular, Ebitda soared by 62 percent from to the prior year's quarter to $85 million. The company said the international business remained strong, with all major regions reporting significant sales growth and ...
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Irons and wedges boosts Acushnet’s revenues
Supported by increased sales of Titleist golf clubs - with higher sales volumes for irons and wedges - Acushnet's sales reached a total of $478.1 million in the second quarter, up by 11.7 percent from the year-ago quarter and by 9.0 percent in constant currencies. Titleist golf balls also performed ...
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Shimano’s profits soar
After a difficult 2017, Shimano performed better in the first half of 2018, with profits rocketing by almost 50 percent. The company said that personal consumption trends across most of its markets were generally positive, and Shimano took advantage of them by trying to attract consumers with a stream of ...
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Dorel Sports improves in the second quarter
Improved weather conditions and the introduction of new bike models by Cannondale and GT Bicycles helped Dorel Sports to record a 7.4 percent sales increase for its continuing operations to $224.5 million in the second quarter of this year, with growth of 6.5 percent in local currencies.Recovering from a poor ...
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Brunswick sees fitness margins shrink to 5.7%
Brunswick Corporation continued to focus on stabilizing the operating performance of its fitness segment, which it wants to divest. It is also developing new initiatives in the digital space that are receiving growing acceptance, such as its recently announced technology-enhanced partnerships with Apple, Retro Fitness and Orangetheory Fitness.Mentioning steady market ...
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The mass channel boosts Nautilus’ retail sales in Q2
Driven by double-digit expansion in the mass retail channel, Nautilus' sales in the retail segment improved by 5.7 percent from the year-ago quarter to $39.2 million. The growth in the retail channel helped offset weakness in the direct commercial and specialty channels, and led the fitness equipment company to raise ...
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A bigger loss for Fitbit on 15% lower sales
The net loss of $118.3 million booked by Fitbit for the second quarter of this year was more than double as high as the year-earlier loss of $58.2 million, as the company's shift from wrist trackers to smartwatches has not yet been completed. Strong sales of its new Versa smartwatch ...
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GoPro sees profits on the horizon
GoPro reported a net loss of $37.3 million for the second quarter, up from $30.5 million in the same period of 2017, and the gross margin fell by 6.1 percentage points to 29.5 percent. However, the management said it expects to generate a profit in the second half of this ...
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Garmin’s fitness segment sees sales rocket
Garmin's fitness segment had a stellar second quarter, with a 24 percent increase from the year-ago quarter to $225.1 million In contrast, sales in Garmin's so-called outdoor segment improved by 4 percent to $201.6 million with all product categories contributing to the growth. The gross margin in this segment declined ...
