Latest Headlines – Page 200
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Margins under pressure at XXL in Q2
After a disappointing performance in the first quarter, XXL ASA posted stronger sales results in the second quarter, with revenues up by 8.0 percent over the year-ago quarter to 2,054 million Norwegian kroner (€220.4m-$256.8m), leading to a 5.2 percent increase for the first half of the year.The leading sporting goods ...
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U.S. consumers prefer to buy Nike on Amazon than Foot Locker
Surprisingly, U.S. consumers preferred to buy Nike products on Amazon than at Foot Locker stores in the first half of this year. According to a new survey conducted by UBS among 1,000 American consumers, their preference for Amazon rose to 13 percent of the sample during the period from 10 ...
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Competing with Amazon, Zalando goes premium
Zalando, which is also a major client for sports apparel and footwear brands in Europe, suffered one of its worst days of trading in more than two years, with the share price dropping by 8.2 percent, as the German-based e-commerce giant reported an unexpectedly strong slowdown in its growth. In ...
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Plutosport moves into southern Europe
Plutosport launched its electronic store in France and Italy last month, as the Dutch online sports retailer is continuing to cautiously expand across European countries.Plutosport reported sales of €15.8 million last year and is anticipating growth to about €20 million this year, about 80 percent from the Netherlands. The company ...
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Bronder will run Jarden’s former winter sports brands
Christoph Bronder, the executive who has apparently worked wonders with Völkl while keeping the German ski brand's production in Germany, has been named as president and chief executive of K2-MDV Holdings, the new company set up by Kohlberg & Company to group together all the winter sports brands it has ...
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Meager sales rise and wider loss for Amer
Amer Sports saw its sales almost flatten and its operating loss widen in the seasonally weak second quarter, but it remains upbeat about the second half of the year and the impact of investments to align its operations with market changes.The group's sales were up by 2 percent to €487.3 ...
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International outdoor, action sports lift VF
VF Corporation slightly raised its guidance for the full year after sizeable gains for its largest sports and outdoor brands in the second quarter. They were driven by own retail sales and international markets, with particularly buoyant demand for The North Face in Europe.The seasonally small quarter marked another shift ...
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Columbia to ramp up online investment
Columbia Sportswear has embarked on a project to increase brand awareness and sales growth across its wholesale and retail business, with a focus on digital sales and infrastructure. This comes after an assessment of the outdoor group's operating model, which has already led to a substantial management reshuffle last month.The ...
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More double-digit growth and high margins at Moncler
Moncler reported consolidated revenues of €407.6 million for the first half of the year, up by 17 percent at constant exchange rates and 18 percent at current exchange rates as compared to the first half of 2016. The second quarter was the 14th consecutive quarter of double-digit growth for Moncler ...
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Rapha is reported to near a £200 million sale
Invus Group is reportedly the leading potential bidder for Rapha, the upmarket British cycling apparel brand, with a price tag estimated in the range of £200 million (€224.1m-$261.4m). Sky News has reported that the U.S. equity investment firm is the frontrunner on a shortlist of just two remaining parties interested ...
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E-bikes boost Accell Group’s revenues
Accell Group's revenues inched up by 0.7 percent to €634 million in the six months to June 30, largely due to higher sales of electric bikes in Europe. Revenues increased by 3.0 percent over the year-ago period on an organic basis. However, net income was down by 22.0 percent to ...
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Shimano lowers outlook after profits dip
Shimano has revised its profit outlook for the full year after its net income for the first half of the year dropped by 18.1 percent over the year-ago period to 18,774 million yen (€144.1m-$167.8m). Sales were also lower, dipping by 2.0 percent to ¥163,079 million (€1.3bn-$1.5bn).The Japanese maker of bicycle components ...
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Rapala lowers outlook after weak first half
Rapala VMC posted another set of weak results for the first half of this year, prompting the company to revise down its outlook. The revenues of the world's largest manufacturer of fishing lures, which also sells many other types of products, declined by 2.0 percent from the year-ago period to ...
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Le Coq Sportif breaks even in H1
Le Coq Sportif, the French sports apparel and footwear brand, managed to break even in terms of operating profit (Ebitda) for the first half of this year, despite a 3 percent dip in sales to €57 million.The breakeven for the half-year compares with an operating loss of €1.7 million for ...
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Lafuma's earnings rocket despite lower sales
The Lafuma Group reported a net income of €4 million for the first six months of the year, compared with only €42,000 for the year-ago period. This is despite a drop of 4.9 percent in revenues to €81.4 million.As an exception, the surf division, which generates 95.0 percent of its ...
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Deckers rebounds
Deckers Brands reported a 20.3 percent increase in total sales to $209.7 million for the first quarter of its financial year through the end of June, due in part to a higher-than-expected jump of 74.2 percent to $30.7 million in the revenues of Hoka One One, thanks to good reorders ...
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Skins rejigs management and distribution
Skins has reorganized some of its management and distribution in the last months, in an effort by the Australian compression apparel brand to become more efficient and to raise its profit margins.The changes include the departure of Christian Gut, previously chief marketing officer, and Matz Bachmann, former chief operations officer. ...
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Alpargatas changes ownership once more
J&F Investimentos has concluded a deal to sell its controlling stake of 85.7 percent in Alpargatas, the company behind the Havaianas brand of rubber shoes, to three Brazilian investment firms for 3.5 billion reais (€958.9m-$1,100.1m). They are Cambuhy Investimentos, Itaúsa Investimentos and Brasil Warrant. All three of them are controlled ...
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MBT switches to distributors in Central Europe
Experienced industry officials have set up new distribution companies in Germany, Austria and Switzerland to take over sales of MBT shoes from the German and Swiss subsidiaries of Masai Distribution, the Singapore-based subsidiary of Star 360 that bought the global assets of the former Swiss-based Masai group in 2012.Some of ...
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Tacchini adds eyewear, strikes new collaborations
Sergio Tacchini has announced a license agreement with GEM Lunetterie, a French eyewear company. The company has also announced a collaboration with Johanna Ho, the fashion designer based in Hong Kong, to create a women's tennis line, and a partnership with a French apparel company, Eleven Paris, that recently changed ...
