Latest Headlines – Page 214
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Big drops in Alpargatas’ sports business
Even without including sales in Brazil of Timberland, Topper and Rainha products, which were discontinued earlier this year, Alpargatas suffered a drop of 29.9 percent to 936,000 in the number of pairs of sports shoes sold in the country during the third quarter of this year. Sales of these products ...
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Eno Polo moves from Alpargatas to GBG
Eno Polo, the 49-year-old president of Alpargatas EMEA, has left the Brazilian company to run a new European subsidiary of Global Brands Group (GBG), the New York-based company that started in 2005 as the wholesale business of Li & Fung and was spun off more than four years ago to ...
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Vulcabras’ divorce from Reebok pays off for the couple
Vulcabras Azaleia, the Brazilian parent of the Olympikus brand of sports shoes that held the distribution rights for Reebok until the end of last year, has reported a net profit of 19.7 million reais (€5.36m-$5.71m) for the third quarter ended Sept. 30, compared with only R$2 million in the year-ago ...
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More funding for Hickies
Hickies says it raised $10 million in the latest round of financing from Sforza Holdings and two other investors, taking the total funding for the development of its smart shoe lacing system up to $16 million. One of the top three global footwear brands, whose name was not revealed, made ...
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Azzolari moves from Deckers to Tod’s
The Tod's group has recruited Sergio Azzolari to be the new general brand manager for Hogan. He will take the place of Riccardo Sciutto, who left the company in the spring to run Sergio Rossi after its recent change of ownership. Azzolari, 48, has been running the European operations of ...
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Crocs’ gross margin improves on weaker sales
Crocs posted revenues for the third quarter that were at the low end of the range it had predicted, going down by 10.3 percent over the year-ago quarter to $245.9 million, or by 11.6 percent on a constant-currency basis.However, the gross margin topped expectations, exceeding the guidance by approximately 2.0 ...
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Warm weather reduces store traffic for Peak Performance
With six added stores, Peak Performance saw its turnover move up by 1.5 percent to the equivalent of 348 million Danish kroner (€46.8m-$49.5m) for the quarter until the end of September but its Ebit margin contracted by 4.9 percentage points to 17.8 percent for the three months, as it spent ...
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Craft’s parent improves margins
The New Wave group, the Swedish company behind Craft, saw the sales of its sports and leisure division dip by 3 percent for the third quarter, as increasing sales in Sweden, other Nordic countries and southern Europe could not make up for sluggishness in the U.S. market. Along with Craft, ...
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Karstadt’s owner buys Internetstores
Internetstores, the European online retailing group for cycling and outdoor products, is to be taken over by Signa Retail, the Austrian holding company that controls Karstadt and Karstadt Sports. Signa is acquiring a stake of 87 percent in Internetstores by buying the share of 42 percent held by EQT Expansion ...
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E-bikes help Accell post higher sales
Sales improved for Accell Group in the third quarter, largely due to higher sales of electric bikes. However, the company did not release any exact figures for this quarter, but only provided a trading update. It said that higher discounts to reduce seasonal inventories of regular bikes put downward pressure ...
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Dorel Sports’ sales drop as IBDs postpone orders
Dorel Sports saw third-quarter sales decrease by 5.9 percent over the year-ago quarter to $250.7 million, or by or 6.2 percent in currency-neutral terms. Organic revenues - which excludes the impact of changes in exchange rates and a change in accounting for overseas revenues - declined by 10.7 percent.The Canadian ...
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China and U.S. weigh on Giant’s sales
Giant Manufacturing Company posted weak financial results for the first nine months of 2016, weighed down by a poor performance in the U.S. and China. The Taiwan-based bicycle maker saw its total revenues drop by 6.5 percent over the year-ago period; down to 44.23 billion Taiwan dollars (€1,3bn-$1.4bn). In addition, ...
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Halfords posts higher cycling revenues
Halfords Group saw its cycling retail sales increase by 4.6 percent on a same-store basis in the first half of its financial year to Sept. 30. The group's total cycling revenues were up by 15.4 percent. Cycling sales were boosted by the launch of Cycle Republic and the acquisition in ...
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Better margins for Yue Yuen on flat sales
The world's largest shoe manufacturer reported a meager 0.3 percent increase in total revenues to $6.29 billion for the nine months to Sept. 30, with a drop of 10.6 percent in sales of casual and outdoor shoes offset by increases of 2.2 percent in athletic footwear and 5.9 percent in ...
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Earlier dates and more events for OR
The organizers of the winter and summer editions of the Outdoor Retailer trade show in the U.S. have announced that they will be moving their dates forward by about six weeks from 2018 onward - in June for the Summer Market and in November for the Winter Market.It's a major ...
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New academic program in France
The Inseec Group, one of the major French business schools with nine campuses in France and abroad, has launched Inseec Sport, with the objective of attracting 350 students in the first year, rising to 1,000 after three years. The project calls for the opening of 20 programs at the various ...
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Fesi wants more market intelligence
Fesi, the Federation of the European Sporting Goods Industry, approved the re-election of Luca Businaro as its new president for the next three years at its latest general assembly, which took place in Rome on Nov. 17-18. The Italian executive, who has already held the post since 2011, laid out ...
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Sports shoe companies want duties back
Officials of Fesi, the European federation of the sporting goods industry, tell us that they plan to continue the fight to obtain reimbursement of the anti-dumping duties that they had to pay on imports of a certain types of leather shoes that they had imported from China into the European ...
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Digitalization and robotics to drive transformation of production
Some of the latest advances in robotics appear almost like science fiction, and yet they have started to impact many aspects of sporting goods production – from the digitalization and connectivity of footwear and apparel to the management of human resources in factories and the geography of manufacturing. This was the main ...
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Gore opens two new testing labs
W. L. Gore & Associates has opened a new state-of-the-art Biophysics and a Heat and Flame Protection laboratory in Elkton, Maryland. The new facilities are supposed to allow Gore engineers to very quickly assess the performance of component materials while developing new understanding and technologies.The Biophysics lab helps predict the ...
