Latest Headlines – Page 178
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Under Armour appoints regional managers
Under Armour has restructured its international management to appoint three regional directors and expand its head office for Asia-Pacific in Hong Kong, as part of the group's plans to drive its international sales.The changes widen the remit of Massimo Baratto, the former chief executive of the Oberalp Group, who joined ...
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Outdoor synergies in the Rossignol Group
Raidlight-Vertical, the French outdoor company that the Rossignol Group bought in 2016, launched a highly technical trail running shoe for the spring/summer 2019 season based on a cooperation with the Italian R&D office of Lange in Montebelluna, one of the ski boot brands of the group. The new shoe, which ...
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The Luhta Group buys into Dachstein
The L-Fashion Group is acquiring a stake of 49 percent in Dachstein, the venerable Austrian brand of outdoor shoes, through Luhta Sportswear Company. The Finnish group's chief executive, Vesa Luhtanen, described the move to us as a strategic investment intended to turn it into a key partner for its clients ...
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New owners for Nomad
The Nomad Company has been acquired by Nederlands Merkgoed Capital, an investment firm that intends to form a group of sports and outdoor brands. Nomad was divested by the Kooijmans family, which started the Dutch outdoor brand in 1978. Owned by three investors who held leading marketing functions at groups ...
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Columbia keeps OutDry to itself
Columbia Sportswear, which acquired OutDry Technologies eight years ago, quietly decided to take no more orders for the waterproof-breathable membrane placed by any of its 50-plus external clients after May 15. The company will continue to use the special lamination technology only for the products of its own brands, including ...
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Accell moves ahead with fresh team and strategy
After a management reshuffle and a sharp decline in profits for 2017, Accell Group is moving ahead with the implementation of its new strategy this year. The Dutch company behind Haibike, Lapierre, Batavus, Raleigh and many other bicycle brands has just about managed to raise its sales during the first ...
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Rapala’s profits rocket
Rapala VMC significantly improved its earnings in the first half of 2018, driven by strong sales in North America and successful performance improvement initiatives in France and Southeast Asia. The Finnish-based company's comparable operating margin rose by 2.9 percentage points to 10.7 percent, and its net income jumped by 62 ...
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Mixed preliminary reports by Chinese companies
361 Degrees, which grew less in China than in the rest of the world last year, said in a preliminary statement that its global retail sales increased at a high single-digit rate during the second quarter of 2018. Revenues from the kids' division advanced by a low-teen percentage rate, compared ...
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Japan opens up to ski boots
European manufacturers of ski boots and their importers in Japan are spending almost €20 million a year on import duties to enter the country, where the once flourishing production of similar products has declined considerably. The Economic Partnership Agreement signed between the government of Japan and the European Union last ...
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Analysis: The sports equipment market 2017
Some improvements in golf, cycling and other sectors largely offset a general weakness in the outdoor, fitness and electronics categories in 2017, leading the global sports equipment market to book an increase of just 0.2 percent to $76.1 billion for the year in terms of sales to the trade. It ...
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Buoyant last quarter for Nike’s digital year
Marked by investments in its digital transformation, the Nike group's fiscal year ended on May 31 with a robust fourth quarter, driven by buoyant international and direct-to-consumer (DTC) sales, and a return to growth in North America. Investors responded favorably, sending up the stock market price by more than 11 ...
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Puma returns to basketball
Puma has repeatedly said that it would return to basketball when it will find a way to do so with the right mixture of performance and cultural relevance. It has ticked both boxes in the last few days through partnerships with Walt Frazier, Jay-Z, Deandre Ayton and more.The deals inked with ...
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Decathlon pushes its private labels
Confirming articles in Sport-guide.com, SportEco and other French media, Decathlon says it is going on with a process of replacing external brands with its own private brands, indicating that their number could rise in the next few years in order to cover all the sports activities, including the most innovative ...
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Decathlon creates new complexes in Russia and the U.K.
Decathlon has signed a contract with the International Sambo Federation (FIAS) and the municipality of St. Petersburg to build a major sport complex in the city. The rather unique facility would occupy 9,500 square meters on four floors. It would give a privileged place to sambo, a typically Russian and ...
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Is Courir up for sale?
Courir, the French retail chain specializing in athletic footwear, could be sold by the end of this year, according to a report in Capital Finance. Courir is currently part of Groupe Go Sport, which belongs to the Rallye retail group, and the French financial newspaper reports that the owner has ...
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Sport 2000 launches the Absolute specialist retail brand
Sport 2000 Europe has created the Absolute retail brand for affiliated retailers that want to adopt a harmonized specialist concept. The buying group envisages several iterations of the retail brand in various categories, from Absolute Teamsport to Absolute Run, Absolute Fitness and Absolute Outdoor.The move follows the launch of Sport ...
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Sport 2000 is nearly flat internationally
Sport 2000 International announced at its annual meeting in Germany a few weeks ago that its affiliated retailers reached total revenues of €3,181 million (before VAT) in 2017, representing an increase of 0.34 percent as compared to the previous year. The international retail organization had announced a much bigger figure ...
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Aggressive overhaul at Intersport still to pay off
Intersport Deutschland unveiled a new strategy at the OutDoor show in Friedrichshafen last month. Known as “One Intersport,” it aims to make the 1,100-odd Intersport dealers in Germany, Austria, Slovakia, the Czech Republic and Hungary more profitable by, among other initiatives, creating a more uniform appearance among the stores and ...
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SportScheck reduces its offline footprint
The leading German sporting goods retailer, which is performing better online than offline, has decided to close down its store in Reutlingen by July 31, reducing the number of its brick-and-mortar stores to a total of 18 stores. After checking various alternatives, SportScheck arrived at this decision while placing all ...
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Shift in shareholding for 21sportsgroup
Three prominent former media executives and investors have jointly taken over about 40 percent of the shares in 21sportsgroup, the German online and offline sports retailer that encompasses Planet Sports, 21run and Vaola, Textilwirtschaft reported last week that the shares were bought through firms related to Georg Kofler, Michael Börnicke ...
