Latest Headlines – Page 186
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Dorel’s bike business improves
Dorel Industries said its Dorel Sports division bounced back in the fourth quarter of 2017 from a difficult third quarter, despite continuing weakness in the global bicycle market, particularly in North America. The parent company of Cannondale and other bicycle brands attributed the improvement to strong performances at its Brazilian ...
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Brunswick spins off its fitness equipment segment
Brunswick Corporation's board of directors has decided to spin off its fitness business, represented by Life Fitness, Cybex, Hammer Strength, the Indoor Cycling Group and Scifit. FitnessCo, a new public company whose name will be formally announced at a later date, will incorporate these brands and the Brunswick Billiards business. ...
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Falling profits in Brunswick's fitness segment
Well before announcing its spin-off, Brunswick Corporation had reported that its fitness division had an operating loss of $33.4 million for the fourth quarter, compared with operating earnings of $26.9 million in the year-ago period.The company blamed the loss on restructuring, exit, integration, and impairment charges of $16.7 million, primarily ...
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Technogym grows strongly
The Italian fitness equipment company, which has always tried to position itself as an alternative to American industry leaders like Life Fitness through its wellness solutions, reported in a preliminary statement last month a 9.3 percent sales increase for 2017 on a currency-neutral basis, with growth of 30 percent in ...
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Nautilus sees room for growth overseas
After a difficult first nine months of the year, Nautilus posted another set of disappointing results for the fourth quarter, weighed down by lower sales in its retail segment. For the full year, its revenues remained flat at $406.2 million, while the gross margin declined by 1.9 percentage points to ...
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Acushnet sees growth in every region
Acushnet's sales for the fourth quarter advanced by 6.6 percent from the corresponding period of 2016 to $351.4 million, with a 6.4 percent increase in constant currencies and steady growth across all continents. Most of the growth was driven by Footjoy and Titleist golf balls and gear, offset by a ...
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Crocs’ sales top guidance but shares fall on weak outlook
After three consecutive quarters of better-than-expected growth, Crocs is continuing on this upward trend, posting sales for the fourth quarter that again exceeded its sales projections, led by the Americas region. Despite these positive results, the company's share value fell by nearly 2 percent, as analysts were disappointed about the ...
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Olympikus’ parent takes off
Vulcabras, the Brazilian company that owns the Olympikus brand of sports shoes, has definitely turned the corner. It has reported a net profit of 188.9 million reais (€47.0m-$58.3m) for 2017, up sharply from R$35.7 million in the year-ago period, on 11.4 percent higher net revenues of R$1,263.1 million (€313.9m-$389.6m).Sales of athletic ...
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Alpargatas performs less well
This other major Brazilian company reported a drop of 8.2 percent in its consolidated revenues for the past year, down to 3,721.9 million reais (€925.4m-$1,148.3m). As usual, most of the revenues came from Alpargatas' Havaianas brand of rubber sandals and sales of Mizuno products under license in Brazil and Argentina.In ...
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After a good year, Anta eyes the world market
After sharp upticks in sales and profits fueled by its multi-brand and omni-channel strategy in China last year, Anta Sports Products says it wants to become a larger international company, with a more complete portfolio of international brands.The Anta group reinforced its standing as a leading Chinese sports company last ...
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Icepeak is becoming a stronger brand
Born in Finland in 1996, Icepeak began as a producer of competitively priced skiwear and other kinds of sports apparel for various retailers on a private label basis, somewhat like Four Seasons in Sweden, but it has since developed into a full-fledged sports brand, with the private label business declining ...
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Goldwin boosts DTC sales
As part of an aggressive new worldwide direct-to-consumer (DTC) strategy, Goldwin will open a new store in Munich, Germany, later in 2018. The company plans to open new Goldwin stores also in Tokyo, the U.S. and other parts of Europe, and to beef up its internet presence. The planned 2018 ...
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More innovation at Ispo
The problem with surfing is having to wait for a decent swell. A backyard tinkerer, Markus Schilcher, removed the wave variable from the equation by creating WaterWolf, an electric-powered surfboard that can hit speeds of 30km/h and can also be used in lakes and rivers. The product was unveiled at ...
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Decathlon grows by 11%, fueled by multiple store openings
With 185 store openings around international markets, Decathlon raised its turnover by 11 percent to roughly €11 billion excluding sales taxes last year, with a sales increase on a comparable store basis of 4 percent.The performance can be compared with the currency-neutral sales rise of 3.8 percent already reported for ...
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Signa Sports makes another buy ahead of a possible IPO
René Benko, the Austrian real estate magnate who controls the Signa Sports Group, is reportedly envisaging a spin-off of the sports retail group, to get it listed on the stock exchange.The Signa Sports Group was targeting sales of €650 million in 2017 with 45 stores operating in Germany, Austria and ...
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Go Sport expands internationally
Accelerating its international franchising program, the French Go Sport group has signed an agreement with an Indian retailer, the Lulu Group, to open up to 40 generalist Go Sport stores and 40 more specialized Courir stores in the country by 2023. The first one should go on stream during the ...
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Year-end boost for XXL
XXL ASA experienced strong growth in the fourth quarter, driven by new store openings and a solid performance in Norway and Finland. October and November experienced normal autumn conditions, while December - the most important month of the year for XXL - proved to be good in many regions in ...
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Gaming concessions are set to open in Sports Direct stores
Sports Direct International (SDI) has agreed to install Game Digital concessions and gaming facilities in some of its stores, and to provide loans of up to £55 million (€62.4m-$76.6m) to a subsidiary of the gaming retailer.Game Digital is a British listed company in which Sports Direct International (SDI) holds a ...
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Puma surpasses the€4 billion mark
Puma has surpassed the €4 billion mark in annual turnover for the first time, after another year of robust sales and margin improvements and ahead of a spin-off from its majority shareholder.The company upgraded its guidance three times in 2017, as it continued to reap the benefits of the investments ...
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Puma’s turnaround shifts into drive phase
The €4 billion in sales and sharply improved profit margin achieved by Puma last year validates the Forever Faster turnaround strategy led by Bjørn Gulden for the last four years, as the brand is preparing to start another chapter under independent ownership.Puma's CEO opted for a two-step strategy to get ...
