Latest Headlines – Page 185
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Kästle changes ownership
Kästle has a new majority shareholder from the Czech Republic, ConsilSport. It's a strategic investment for the Austrian ski company as the new controlling shareholder owns Sporten, a manufacturing company that produces about 100,000 pairs of alpine and cross-country skis annually for various brands. Part of Kästle's production will move ...
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Clarus returns to profitability
Clarus Corp, the holding company previously registered as Black Diamond Equipment, saw a return to profits in the fourth quarter of 2017, along with better sales and margins. This was mainly due to a strong performance in Europe and America, along with the contribution from a newly acquired company, Sierra ...
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Weak retail growth in Norway
According to the numbers reported by the Norwegian Sporting Goods Industry Association (NSBF), the sales of the major sporting goods chains in Norway saw weak growth in 2017. Their combined sales rose by less than one percent to 13.7 billion Norwegian kroner (€1.44bn-$1.78bn).The weak growth is largely blamed on poor ...
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Blanes joins Base Detallsport
Blanes Sport, a Spanish retail group with 32 own stores and 25 franchises, has joined Base Detallsport, one of the largest buying groups for sports retailers in the country. Base Detallsport, which rejoined Sport 2000 International last year, already boasted 99 members with 284 stores at the end of last ...
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A good year for Li Ning
The Li Ning Company substantially improved its revenues and profits in 2017. The Chinese sports company's annual sales moved up by 11 percent from the previous year to 8,874 million yuan renminbi (€1.1bn-$1.4bn). The group's operating profit increased by 16 percent to RMB 446 million (€57.3m-$71.1m) and it ended the year ...
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361 Degrees’ revenues abroad jump by 11%
361 Degrees had a strong year. While the Chinese sportswear company made great efforts to develop its business in China, it also continued to actively expand internationally, with a focus on high-end functional running and training products for overseas markets, supported by a dedicated R&D center in Taiwan.Since 2014, the ...
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Xtep’s profits slide due to restructuring
Xtep International saw its net profit tumble in 2017 due to a clean-up of inventories intended to support a shift toward the running market. The Chinese sports apparel and footwear company spent 150 million yuan renminbi (€19.3m-$23.8m) to repurchase all products made before 2015 in retail channels, and to process them ...
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China Dongxiang records lower sales and profits
Hit by a sharp decline in sales under both the Kappa and Phenix brands, China Dongxiang saw its turnover slip by 9.9 percent to 1,353 million yuan renminbi (€173.9m-$215.7m) for the full 2017 financial year. Net income nearly doubled to RMB 1,284.8 million (€164.5m-$204.8m), but excluding special items, pre-tax earnings declined ...
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Li & Fung aims to create the supply chain of the future
Li & Fung says its strategy of creating the “supply chain of the future” is on track to deliver its financial and strategic goals. The management noted that the three-year plan had a strong start in 2017, and that customers are responding well to its solutions and digital tools to ...
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Yue Yuen posts strong sales
An increase in manufacture of athletic shoes and strong growth in the group's retail business boosted Yue Yuen Industrial's revenues for 2017. They rose by 7.6 percent from the previous year to $9,120 million.The world's largest footwear maker reported that its sales of athletic footwear went up by 2.3 percent ...
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A good snow sports season
The current winter 2016/17 season is not quite over yet, but snow sports industry officials generally agreed during the recent Ispo Munich show that the alpine ski market will show a single-digit increase to more than three million pairs in sales to the trade, after several difficult seasons. Sales of ...
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A boom in Nordic skiing
After a very poor autumn/winter 2016/17 season, the global market for cross-country skis recovered strongly in the latest season, according to the market leader, Fischer Sports. The sell-in to the trade probably reached about two million pairs, said an executive of the company, projecting an increase of more than 30 ...
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Three more countries for Decathlon
After it moved into ten new countries last year, Decathlon opened a test store in Iran earlier this month, and the French retailer confirmed plans to get its business started in Canada and Sri Lanka.The opening of the test store of about 300 square meters in Tehran was reported by ...
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Foot Locker looks to Asia for growth
Foot Locker will open its first physical and web stores in Singapore, Malaysia and Hong Kong later this year to test the waters in Asia, a big and promising market which it has penetrated relatively little. The group counted only 98 stores in the Asia-Pacific region at the end of ...
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Zalando invests in new markets, categories and infrastructure
Zalando wants to move into two unidentified new European markets as part of multi-faceted investments targeting a sales increase of 20 percent to 25 percent and continuing market share gains this year.The German online fashion retailer raised its turnover by 23.4 percent to €4,489 million in 2017, driven by a ...
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Adidas teams up with a Russian shoe retailer for the World Cup
Zenden, a Russian shoe retailer that holds a license for the 2018 Fifa World Cup in its country, has announced a plan to open Adidas corners in 150 of its stores in connection with the international tournament. It also plans to release 60 new products including rubber shoes, sneakers and ...
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Maurath quits Under Armour
Charlie Maurath, who has built up Under Armour's international business in the last five years, is to retire from his function as chief revenue officer from the end of March.Kevin Plank, the company's chief executive, acknowledged in a statement that Maurath played a pivotal role in establishing Under Armour as ...
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Two more departures at Bogner, strategic adjustments
The managerial shake-up at Bogner is continuing this year with the departure of two members of its management board, about four months after Andreas Baumgärtner became chief executive of the upmarket German skiwear and fashion brand.Bogner announced yesterday the departure of Christian Ender, chief sales officer, and Jon Jarlgaard, chief ...
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Accell refines its strategy
In announcing this morning its results for last year, which show a drop in the operating margin (Ebit) of 2.2 percentage points to 3.6 percent on 1.9 percent higher revenues of $1,068.5 million, the Accell Group listed six renewed “strategic pillars” that are intended to help reach an Ebit margin ...
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Big drop in Accell’s profitability
The Accell Group's net income declined by 67.5 percent last year to €10.5 million, due in particular to its bike business in North America. Last year's result included a one-off charge of €4 million for overdue U.S. import duties because of an inaccurate classification of the types of bicycles made ...
