Latest Headlines – Page 183
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Brunswick’s fitness segment is boosted by international sales
A few weeks after announcing its planned spin-off, which could take place early next year, Brunswick Corporation reported that its fitness division reached record sales of $244.4 million in the first quarter, an increase of 4 percent from the first quarter of 2017. The management said the segment's revenues ...
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Callaway raises its guidance after a stellar quarter
Callaway Golf Company's revenues and profits rocketed in the first quarter of 2018. The better-than-expected results led the company to increase its full-year sales guidance to a range of $1,170 million to $1,185 million, up from a previous forecast of $1,115 million - $1,135 million. Sales jumped by 31 percent from ...
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Accell invests in Carver
The Accell Group continues to think laterally in its efforts to future-proof its business. Following its recent acquisition of Beeline Bikes, a mobile service company based in the U.S., the Dutch company has lent its support to Carver Technology with the introduction of a three-wheel e-bike that can go up ...
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Accell refocuses operations and management
The Accell Group reported after its shareholders' meeting on April 25 that it has started preparations for a more focused use of its three large manufacturing facilities in Europe: low-cost production in Turkey, e-bikes in Hungary, and a flexible facility focused on the efficient production of smaller series in the ...
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Shimano grows more in fishing than cycling
Shimano, which also owns Pearl Izumi, reported a sales increase across all divisions of 6.7 percent in the first quarter of 2018 as compared to the same quarter last year, with sales reaching 85.2 billion yen (€644.7m-$779.0m). The growth was mostly driven by the company's fishing tackle business, while the ...
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Zai partners with an Italian ski maker
Zai has sealed a joint venture with Blossom Skis, an Italian ski manufacturer in the Bregaglia valley near the Swiss border, to continue the production of its upmarket alpine skis after the closure of its own manufacturing plant in Switzerland and the departure of its founder and designer, Simon Jacomet.The ...
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Hi-Tec moves to a full licensing structure
International Brands Group (IBG) has obtained a licensing agreement to sell footwear under the Hi-Tec brand in Latin America, the Middle East and Asia-Pacific as part of a restructuring plan for the brand's distribution. This Dutch entity is very familiar with the Hi-Tec business since it was established by Ed ...
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Tight trade show schedule in January
The winter edition of Outdoor Retailer (OR) is to take place in Denver and in conjunction with the Snow Show around the end of January for each of the next four years – ending just two days before the scheduled start of Ispo Munich in 2019.Some companies struggled with the ...
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Almost half of Europeans never exercise
Nearly one in two Europeans are not doing any physical exercise, and the proportion has increased gradually in recent years, a new survey released by the European Commission has found. The Eurobarometer survey 2017 interviewed some 28,031 citizens from different social and demographic categories, face-to-face at home and in their ...
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Keller Sports launches a special app
Keller Sports, the German online retailer of premium sports products, launched yesterday its own app, which rewards customers for the intensity of their sporting activities. Connected with a fitness tracker, the free app gives them points that allow them to obtain a 20 percent discount on its products or a ...
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Adidas will have fewer and better stores
Adidas directly operates 2,500 stores globally and has an additional 13,000 mono-branded stores operated by franchisees. In an interview with the Financial Times, the Adidas Group's chief executive, Kaspar Rorsted, said that he expects the total number of stores to contract slightly, but “they will be better.”Rorsted has already indicated ...
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Quiksilver and Billabong are merging
Boardriders, the parent company of Quiksilver and other action sports brands, is apparently holding an important board meeting this week to start discussing the integration of Billabong International, now that the merger is final. The so-called “scheme of arrangement” under which Billabong will be acquired by a subsidiary of Boardriders ...
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Steve Murray goes back to VF Corporation
Shortly after announcing the acquisition of Altra, VF Corp. said that Steve Murray is returning to the group in the new position of vice president in charge of strategic projects. One of his tasks will be to develop the footwear product strategy of The North Face and to support the ...
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Fenix is buying Royal Robbins
Fenix Outdoor International is acquiring Royal Robbins, the American brand of travel and outdoor garments, to complement an apparel offering that is led by the Fjällräven brand. The acquisition will be consolidated in the second quarter.The seller is Bruckmann, Rosser, Sherrill & Co (BRS), a private equity firm from New ...
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Nike and Adidas promote gender equality
As reported in our last issue, Nike announced last month the departure of Trevor Edwards, president of the Nike brand, and another top executive, Jayme Martin, vice president and general manager of global categories. Mark Parker, chairman, president and chief executive of the Nike group, indirectly indicated in an internal ...
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E-commerce helps Lululemon to a stellar quarter
Thanks to higher-than-expected sales from a revamped e-commerce platform, Lululemon Athletica ended a strong year on an even higher note, with results for the fourth quarter ended Jan. 28 largely exceeding analysts' expectations and the company's own guidance. Revenues were up by 18 percent to $928.8 million for the year, ...
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Accell acquires Beeline Bikes
Accell Group has announced the increase of its minority stake in Beeline Bikes, a mobile service company based in the U.S., to 100 percent. Accell, headquartered in the Dutch town of Heerenveen, is best known for its large portfolio of international bicycle brands, which include Raleigh, Diamondback, Atala, Winora, Batavus, ...
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Lapierre gets new tasks at Accell
Gilles Lapierre has been appointed as director of innovation and technology at the Accell Group, after more than two decades in charge at Cycles Lapierre, the French bicycle brand established by his grandfather, Gaston Lapierre, and owned by the Dutch group. Lapierre will relinquish his function as chief executive at ...
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Decathlon will sell Russian-made bicycles
A major Russian bicycle manufacturer based in Perm, Forward, announced a contract with Decathlon that will allow it to triple its annual production from 250,000 to 750,000 units. It is not known yet when and where the new production lines will go into operation, however.At that point in time, the ...
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Russia wants to get more sports goods made locally
The Russian Industry Ministry announced a new national strategy for the development of the country's sporting goods industry at the end of March, calling for a five-fold increase in the value of domestically sourced products by 2025 from its current level of 61 billion rubles (€788.6m-$975.8m). The categories involved including ...
