Latest Headlines – Page 209
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Decathlon looks at Austria and Switzerland
Decathlon has several other new markets on the radar, after an anniversary year in which it entered five of them and opened many new stores, helping to lift its total sales above €10 billion in connection with its 40th birthday (see the previous article in this issue). This year, it's ...
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XXL grows fast, looks around Austria and at Russia
Last year was a good year for XXL, the leading Nordic sporting goods retailer based in Norway. It posted revenues for the fourth quarter of 2016 that were up by 17.5 percent over the year-ago quarter to 2,151 million Norwegian kroner (€242.4m-$258.1m), with a 4.2 percent increase on a comparable ...
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New leader, new markets for Sport 2000 International
Sport 2000 International is entering two new markets. It has signed a partnership with a company in Dubai, the Falaknaz Sports Group, for the states of the Gulf Cooperation Council (GCC), and is about to finalize a contract with a Spanish buying group, Base Detall Sport, for the local market. ...
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Intersport Deutschland grows slowly
The Intersport cooperative in Germany is launching a multitude of new projects this year on the digital front and others, after booking an increase in the turnover of its retail members in the country of just one percent to €2.90 billion in 2016, due in particular to a weak Christmas ...
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Sport 2000 Germany makes a digital shift, too
Sport 2000 Germany reported on the first day of the Ispo Munich fair that its affiliated retailers raised their sales by 0.6 percent to €1.84 billion in 2016, as compared to the previous year. The voluntary group expects that they will grow by more than 3 percent in 2017.The growth ...
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WFSGI forum discusses online retailing
The impact of online retailing and ways for retailers to adjust their concept formed the central topic of the World Sports Forum organized by the World Federation of the Sporting Goods Industry (WFSGI) as part of its annual gathering in Munich on Feb. 4.John Terra, retail research director at Q&A, ...
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A Nike executive will chair WFSGI under a new structure
Sean O'Hollaren, senior vice president in charge of government and public affairs at Nike, was elected for a three-year term as chairman of a renewed board at the World Federation of the Sporting Goods Industry (WFSGI), at the federation's general assembly in Munich on Feb. 4.O'Hollaren was previously a representative ...
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Canada Goose seeks a $2 bn valuation in IPO
Trying to replicate the commercial and financial success of Moncler, the Canadian brand of down-filled outerwear has filed applications to go public on the stock exchanges of New York and Toronto. While the pricing has yet to be determined, Canada Goose Holdings indicates that it considers its worth at around ...
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Europe leads an upswing at Puma
Europe played a substantial part in the rise of Puma's sales and profits in the last quarter, which pushed up its performance for the full year and encouraged the group to predict a continued increase in turnover and significant growth in earnings for this year.The entire Puma group's sales jumped ...
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Puma regains shelf space and a little swagger
On the screen behind Bjørn Gulden were quotes from several influential sports retailers, from Foot Locker to Courir, Intersport and DTLR, all of them gushing about growing demand for Puma products and the brand's regained appeal. The group's chief executive could thus boast that he had moved ahead with a ...
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Sponsoring frenzy at UA
Under Armour announced several new sponsorship deals in Europe in the last few days, but the biggest one has apparently yet to come. The brand is offering to take the place of Adidas as the sponsor of the famous Real Madrid football team for ten years after the present contract ...
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Amer Sports is on track despite short-term delays
The Amer Sports group achieved record sales and profits last year despite a weak fourth quarter, caused by lackluster market conditions as well as delays in product launches.The owner of Salomon, Atomic, Wilson and many other brands saw its sales decline by 1 percent to €772.4 million for the last ...
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Vans and retailing lead growth for VF
Buoyant demand for the Vans brand, robust own retail sales and international markets just about made up for sluggishness in the U.S. market for VF Corporation in the fourth quarter.The group reported flat sales of about $3.3 billion for the quarter, an increase of 1 percent in constant currencies. VF's ...
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René Takens to leave as CEO of Accell Group
René Takens, chief executive of the Accell Group for the last 18 years, will be resigning at the Dutch bicycle group's next shareholders' meeting on April 25. The company that owns brands such as Batavus, Sparta, Koga, Raleigh, Diamondback, Haibike and more, said the decision was taken by mutual consent. ...
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Rossignol diversifies with Felt
The diversification of the Rossignol Group is moving ahead with the acquisition of Felt Bicycles, a California-based brand of road bicycles and related equipment, with global sales of more than $60 million. The transaction, at an undisclosed price, is subject to clearance and expected to be finalized in the next ...
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Tecnica makes progress
The new and more process-oriented brand management structure put in place since last June at the Tecnica Group under the management of Antonio Dus is bearing fruits. The Italian company's operating profit (Ebitda) grew by about 15 percent last year, according to preliminary data, and sales reached a level of ...
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Shimano makes new investments
Shimano's sales dropped by 14.7 percent in 2016 to 323,000 million yen (€2.68bn-$2.86bn), with a strong performance in Europe being offset by weak bicycle sales in Japan. Despite disappointing sales, Shimano said it made “vigorous” investments in its manufacturing capabilities in Japan as well as overseas, in a bid to ...
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Rapala trims its staff
As part of a “strategic update,” Rapala VMC has announced a series of measures intended to improve its operational performance and profitability, after a year in which its sales fell by 6 percent to €260.6 million, with a 5 percent drop in constant currencies, and its comparable operating profit margin ...
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Asics is dragged down by U.S. downturn
Weaker American sales dragged down the turnover of the entire Asics group last year, reducing it by 6.9 percent to 399.1 billion yen (€3.30bn-$3.51bn), although sales advanced in constant currencies in Europe and in Asian markets.The Japanese group's gross profit margin moved up by 1.7 percentage point to 44.2 percent, ...
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Small growth for Asics Europe after distribution cuts
The Asics Group said its short-term performance in the European market was affected by a decision to streamline the distribution of its products in the running category, but the Japanese group still managed a sales rise of 3 percent to €886 million in the Europe, Middle East and Africa (EMEA) ...
