Latest Headlines – Page 182
-
Article
Adidas’ growth slows down in Europe
The Adidas Group has seen a slowdown in its sales growth in Europe and in Originals in the first quarter of this year, but the company held on to its guidance due to robust expansion in North America and China as well as further margin improvements.The group's sales were up ...
-
Article
China drives buoyant quarter for Puma
Buoyant sales in China turned Asia Pacific into the fastest-growing regional market for Puma in the first quarter. But the brand continued to raise its underlying sales at double-digit rates in other markets and to take advantage of operating leverage, which encouraged it to slightly raise its guidance for the ...
-
Article
Under Armour posts mixed results
Lifted by its growth abroad, Under Armour posted a sales increase of 6 percent to about $1,200 million for the first quarter, up by 4 percent in constant currencies. The increase was entirely driven by international markets, which grew by 27 percent - or by 19 percent in constant currencies ...
-
Article
Big quarterly gains, but weak outlook for Skechers
Skechers USA again posted record revenues for the first quarter ended March 31, after surpassing the threshold of $4 billion in annual sales for the first time in 2017. However, investors apparently felt that the brand's strong momentum may be softening, sending the share price down by nearly 24 percent, ...
-
Article
Champion pulls off strong performance internationally
Hanesbrands, the parent company of Champion, said sales for the brand outside the U.S. rocketed by 50 percent in the first quarter of 2018, boosted by strong consumer demand, space gains in the specialty retail channels and growth in the online channel.Overall, Champion's global sales increased by 22 percent from ...
-
Article
JD’s acquisition of The Finish Line hits a hurdle
A lawsuit filed by shareholders of The Finish Line in a federal court in Indianapolis charges that directors and officers of the American sporting goods retailer jumped into the arms of JD Sports Fashion without properly looking for alternative offers at a higher price from other candidates including Sports Direct ...
-
Article
JD grows by 33%
JD Sports Fashion reinforced its European sports retailing business in the fiscal year until Feb. 3 and it started assuming an increasingly global dimension in the last months, with expansion in Asia-Pacific as well as its agreement to acquire The Finish Line.The JD group's sales jumped by 33 percent to ...
-
Article
XXL posts strong sales, thanks to a cold winter
Thanks to a long winter season in the Nordic countries, with snow and cold weather from late November until late March, XXL ASA recorded strong growth in the first quarter ended March 31. January is the single most important month for the company and proved to be good in Norway, ...
-
Article
Sport 2000 is looking at the U.K. and Poland
After signing up licensees in other countries, Sport 2000 International is looking for new partnerships, especially in the U.K. and Poland. As previously reported, Sport 2000 International recently cancelled its licensing deal with Sports Direct International, which had not been effective. SDI also handed over its small minority stake in ...
-
Article
Signa Sports Group appoints a CEO
Stephan Zoll, a former executive at eBay, has been appointed as chief executive of the recently formed Signa Sports Group, which has become a leading specialist online sports retailer in Europe after multiple acquisitions in the last years. Zoll, who will take the lead at the German-based group in Berlin ...
-
Article
Amer Sports is buying Peak Performance
Peak Performance is to be acquired for about €255 million by the Amer Sports group, complementing the apparel offerings of Arc'teryx and Salomon with those of a more urban and women-oriented brand that has plenty of room to expand in international markets.The Swedish brand of ski, outdoor, golf and fashion ...
-
Article
Peak Performance was the star at IC Group
Peak Performance saw its revenues rise by 7.4 percent in local currencies in the first nine months of IC Group's financial year, which ended on March 31, with gains at wholesale as well as at retail. Translated into Danish kroner, they grew by 5.8 percent to DKK 967 million (€129.8m-$155.2m). ...
-
Article
Amer Sports cuts back on footwear distribution
Sales of outdoor shoes declined at the Amer Sports group in the first quarter, as the owner of the Salomon brand continued to clean up its distribution, in an effort to reduce promotional sales.Footwear sales were down by 9 percent to €141.1 million for the three months, which was a ...
-
Article
Salomon builds up urban retail and road running
Salomon is raising its investments in retailing and the road running market after a sales increase of 1 percent to €861 million last year, up by 3 percent in constant currencies. The moves come amid significant cutbacks in distribution that have reduced footwear sales in the last months, as described ...
-
Article
Columbia grows the most in Europe
Out of all the regions where Columbia Sportswear operates, Europe recorded the largest revenue growth in the first quarter of 2018, helping the U.S. outdoor group to post record profits and margins. Continuing the strong performance registered during the fourth quarter of last year, sales soared in the first three ...
-
Article
Boardriders outlines its new management structure
Without waiting for the formal closing of its acquisition of Billabong International, which took place as planned on April 24, Boardriders announced the establishment of a new leadership team that includes existing managers from the two groups and two external recruits. It does not include Neil Fiske, the former chief ...
-
Article
Zion Armstrong takes the lead at Adidas North America
Zion Armstrong, who has played a pivotal part in the Adidas brand's expansion in North America in the last three years, is to take over as president of Adidas North America at the start of July, after the retirement of Mark King.The Adidas Group said that King decided to step ...
-
Article
Pentland Brands has a new management structure
Pentland Brands, a division of Pentland Group, has announced a series of executive appointments with a view to accelerate its international growth. Pentland Brands is the name behind Speedo, Berghaus, Ellesse, Canterbury of New Zealand and other sports and fashion brands. The changes involve new and extended responsibilities for Matt ...
-
Article
Vista Outdoor’s shares tumble as it lets go of several brands
Shares of Vista Outdoor tumbled by 13.1 percent after the company issued a weak outlook for the coming year and announced plans to divest a number of brands, including Vista's Sports Protection brands, such as Bell, Giro and Blackburn, Jimmy Styks paddle boards and Savage and Stevens firearms. The management ...
-
Article
Newell may get out of the outdoor sector
The proxy fight for Newell Brands' control is over, but there is strong speculation among financial analysts that the new board of directors that will come out of it will authorize the divestiture of Coleman, Marmot Mountain, Pure Fishing, Shakespeare and other brands in its outdoor group. These brands previously ...
