Latest Headlines – Page 211
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Brunswick posts higher sales in fitness
Brunswick Corp. has announced sales in its fitness segment of $294.7 million in its fourth quarter, which represent a 24 percent increase from a year ago. International sales accounted for 42 percent of the segment sales in the quarter. On a currency-neutral basis, fitness sales grew by 25 percent.The segment's ...
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New managers at Bogner
Marcus Breyer has been appointed as Bogner's new chief financial officer, replacing Juliane Vögl, who is leaving the company at her own request after 27 years. Breyer will be responsible for controlling, finances and IT. The 41-year old started his professional career at Hugo Boss in 2002, where he assumed ...
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Trump antagonizes the industry
The statements recently made on immigration and foreign trade by the new U.S. president, Donald Trump, have created an uproar in many sectors of the U.S. economy, including the sporting goods, outdoor and fashion industries.Reacting to Trump's executive order banning refugees and visitors from seven countries where the Muslim religion ...
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China market report upbeat on business prospects
Forecasts on Chinese consumption and government support for the development of sports suggest ample potential for expansion in the coming years, judging from a report compiled by the Economist Corporate Network (ECN) and sponsored by Anta Sports Products, a leading Chinese supplier of sports apparel and footwear.The report takes an ...
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Time for the Ispo Awards
The organizers of the Ispo Munich trade show starting this Sunday have released the names of the Gold winners of the Ispo Awards for the best products for the 2017/18 season in five categories:- Action segment: The Tugboat, an innovative snowboard by Korua Shapes- Outdoor segment: The Ribelle Tech all-year, all-round mountain ...
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Gore introduces new stretch products
W.L. Gore & Associates is going to launch a campaign in March to support new technological, product and design innovations that it will show at the Ispo Munich fair starting on Sunday, where it will also introduce a dedicated “Innovation Lab.”The new concepts revolve around the notions of stretch and ...
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Industry stocks were flat in 2016
After rising by 22.7 percent in 2015, the stock market capitalization of public companies in the sporting goods sector declined by 0.5 percent on a currency-neutral basis in 2016, dragged down by double-digit declines for major players like Nike, VF Corp. and Under Armour. Nike alone represented nearly 25 percent ...
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JD Sports continues to outperform
The JD Sports Fashion group has continued to perform outstandingly in the recent weeks, leading the British retailer's board to predict that its headline profit before tax and exceptional items for the fiscal year ending on Jan. 28 will be above consensus market expectations of £200 million (€241.2m-$247.4m) by up to ...
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Frustration persists among SDI’s shareholders
Sports Direct International (SDI) has reneged on a pledge to have a review of its corporate governance policies carried out by an independent party – instead assigning it to Reynolds Porter Chamberlain (RPC), a law firm that has previously worked for the British sports retailer.SDI argued in a statement that ...
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XXL invests in Austria, has a new manager in Sweden
We have already reported about XXL ASA's expansion into the Austrian market, which is somewhat similar to the Norwegian one and where the big Norwegian sports retailer stands to benefit from Sports Direct International's problems in the country. For this first foray outside the Nordic countries, XXL will start by ...
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SDI agrees to sell Dunlop rights to Sumitomo
Sports Direct International (SDI) has agreed to sell its rights to the Dunlop brand and the related wholesale and licensing business to Sumitomo Rubber Industries (SRI) of Japan for $137.5 million in cash, as adjusted for net debt and working capital on completion.The British retailer and wholesaler said that the ...
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New deals for Sergio Tacchini
Sergio Tacchini has signed a new exclusive license for the U.K. and Ireland with the Batra Group, which has been its supplier for a Heritage line since the beginning of 2016. The new license covers apparel and accessories in this segment as well as sports and leisure products under the ...
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Babolat consolidates market shares
While investing in two alternative ball sports - badminton and padel tennis - Babolat continues to raise its market shares in a generally declining market for tennis racquets, consolidating its leadership in many important countries.The French company's total sales remained relatively stable at €144.8 million in the financial year ended ...
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Sport is growing fast in Spain
With an increase of 5.9 percent, the Spanish sporting goods market grew faster than most other national markets in Europe in 2015, with the exception of Italy, Ireland and Norway, according to our annual European retail charts. Spain may have repeated the feat in 2016 judging from a study by ...
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Ispo will host over 2,700 firms
We have already reported in The Outdoor Industry Compass earlier this month about the consultations taking place in the outdoor sector and the broader sporting goods industry regarding the optimal dates for trade shows, following the recent changes at the OutDoor show in Friedrichshafen and Outdoor Retailer in Salt Lake ...
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Ispo launches Career Day with Sportyjob
As an extension of the Ispo Job Market, a new online portal for the recruitment of new talent in the sporting goods sector launched last summer, Messe München is going to stage a new “Ispo Career Day” on Tuesday, Feb. 7, during the Ispo Munich trade show.Between eight and ten ...
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Many sports brands at the Berlin Fashion Week
More than 200,000 visitors were counted at the increasing number of trade shows that took place during the Berlin Fashion Week from Jan. 17 to 19. Those that featured sporting goods brands were primarily Bright and Seek, but the Premium and Panorama shows also welcomed a few. More than 50,000 ...
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Alibaba seals a strategic tie-up with the IOC
The International Olympic Committee (IOC) has sealed a long-term partnership with the Alibaba Group, under which the Chinese online giant will become part of The Olympic Partner, the IOC's global sponsorship program. The deal, which was unveiled at the World Economic Forum in Davos earlier this month, marks a far-reaching ...
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Zalando grows less than expected
Zalando put out nice preliminary figures for the fourth quarter ended Dec. 31, although they came in below its latest forecast for the period. Breaking the magic €1 billion range for the first time, the quarterly turnover reached a level estimated at between €1,086 million and €1,094 million, representing an ...
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Sports products become more electronic
Two big sports brands, New Balance and Under Armour, launched innovative electronic applications at the big Consumer Electronics Show (CES) in Las Vegas earlier this month, joining big names in sports wearables such as Fitbit and Garmin.The Digital Sports Division of New Balance, formed in 2015, brought out its first ...
