Latest Headlines – Page 218
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Bumper results for JD Sports Fashion
As it continues to expand in Europe and other international markets, JD Sports Fashion delivered bumper results for the 26 weeks to July 30, with a 20 percent hike in sales to £970.6 million (€1,127.2m-$1,259.4m) and profit before tax and one-off items soaring by 66 percent to £77.4 million (€89.9m-$100.4m). The ...
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Sprinter sponsors humanitarian causes
Sprinter, the growing Spanish chain of sporting goods stores controlled by JD Sports Fashion, is helping a cancer survivor, Juan Pedro Orellana, to collect funds for cancer research by running 28 marathons in 28 days. It will publicize his exploits and donate clothing to a team of runners and cyclists ...
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SDI responds to investor calls for independent governance review
Sports Direct International (SDI) is apparently complying with requests from influential shareholders who called for a review of governance at the beleaguered British sports retail group to be more independent. SDI said this morning that a full review on working practices and corporate governance would be led by an independent ...
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Lifestyle Sports is reportedly studying European expansion
Lifestyle Sports, one of the leading Irish sports retailers with 63 stores around Ireland, is reportedly considering a return to other European countries, after it achieved sales of €103 million and pre-tax profit of nearly €4.2 million last year.Lifestyle Sports' sales in the Republic of Ireland were reported at €96.6 ...
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Decathlon changes country managers
Decathlon's increasingly broad international forays are leading to more leadership changes for the French retailer, as several of the managers involved in established operations have been sent out to explore new markets in Asia and Latin America.Among the latest changes, Eric Bodhuin, former general manager for Decathlon in the Netherlands, ...
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Fashion and sport pull the Spanish market
The consumption of sports products remains lower in Spain than in many other countries, but the data collected by us (see the retail charts in this issue) and by the NPD Group (see our previous issue) indicate that it grew briskly last year. Apparently, it was driven both by fashion ...
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Aqua Lung might be sold soon
Air Liquide has asked Goldman Sachs to find a buyer for Aqua Lung. In a statement on Sept. 7, the Paris-based industrial gas giant and current owner said it is evaluating the opportunity to potentially divest Aqua Lung. Aqua Lung, formerly known as La Spirotechnique, is a French firm that ...
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Hi-Tec’s owner buys Duca del Cosma
Frank van Wezel, the founder and owner of Hi-Tec Sports, has purchased and relaunched Duca del Cosma, the formerly German-based golf footwear brand that filed for bankruptcy last year. He has appointed a team to lead the brand from an office with warehouse near Amsterdam, and has started distribution again.Duca ...
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Halfords’ results are boosted by the weather and the Olympics
Halfords Group's bike sales struggled last year due to a wet summer but sales rebounded this year in the seven weeks to Aug. 20, thanks to the hot summer and the success of Halfords' Olympic cycling athletes. Halfords has deals with Bradley Wiggins and Laura Trott, both of whom won ...
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Peak Sport invests in efficient retailing and international markets
Peak Sport Products blamed sluggish economic conditions and intense competition in the Chinese market for a decline of 6.0 percent in sales to 1,298.1 million yuan renminbi (€173.7m-$194.6m) in the first half of this year, although it has been improving its store network and expanding in international markets.Peak Sport saw ...
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Sport 2000 celebrates in Germany
The Sport 2000 brand name is owned by French, German and Austrian shareholders, with Sports Direct still holding a small minority stake. However, only the German shareholder, the ANWR Group, is celebrating its 50th anniversary in style, although the brand was first launched by three French football players in 1966.Besides ...
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Intersport Germany is health-conscious, too
The German voluntary group is organizing a special FitGesund (fit & healthy) symposium, focusing on the topic of physical activity for the purpose of staying or becoming healthy, in an effort to conquer a new attractive segment for its retail members.Intersport is teaming up with some sporting goods brands, regional ...
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Herbert Hainer is leaving a transformed Adidas Group
Some of the most influential retailers, suppliers and other executives in the international sporting goods industry will be converging on a football pitch in Herzogenaurach next Friday to mark the departure of Herbert Hainer, the chief executive of the Adidas group for more than 15 years. The players will include ...
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Under the spotlight, SDI predicts lower earnings
Sports Direct International (SDI) managers and directors were under intense pressure at the British sports retailer's packed annual general meeting (AGM) of shareholders in Shirebrook this week, despite a raft of last-minute reforms announced by the group and its majority shareholder, Mike Ashley, regarding working conditions and corporate governance.At the ...
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JD expands rapidly in Europe
JD Sports stores are opening up rapidly in several European markets, capitalizing on scale and soaring sneaker sales. JD Sports already had 103 stores in continental Europe in January but it has been expanding briskly in Germany and Spain, among others, and the JD Sports Fashion group is also investing ...
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Germany is still a drag on Foot Locker
Despite tapering traffic in some European stores, Foot Locker performed strongly in its second fiscal quarter, ended July 30, with net income increasing by 7 percent to $127 million on a 5.0 percent sales rise to $1,780 million. The retailer's comparable store sales moved up by 4.7 percent and its ...
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Intersport Sweden posts big loss for 2015
For the 2015 fiscal year, Intersport Sweden AB has reported a loss of 96 million Swedish kronor (€10.1m-$11.4m). The 2015 fiscal year has not been the only negative year recently for Intersport Sweden. Four of the past five years have reportedly shown negative results as the chain struggled to become ...
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Zumiez buys an Aussie retailer
Zumiez has acquired Fast Time Skateboarding, an Australian specialty retailer for skateboards and other related hardware, apparel and footwear products, founded in 2008 and based in Melbourne, that operates five physical stores and an e-commerce website. It is paying $6.9 million for the purchase, including $5.5 million in cash and ...
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SurfStitch reports a big loss for the year
SurfStitch is under pressure after reporting a loss of 154.7 million Australian dollars (€104.5m-$117.8m) for its continuing operations for the year ended June 30, up sharply from the previous year's loss of A$17.6 million, despite registering an increase of 18.2 percent in revenues to A$235.6 million which was mainly due ...
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Billabong performs best in Europe
Currency headwinds and higher taxes have wiped out Billabong International's profits, with the company posting a net loss of 23.7 million Australian dollars (€16.1m-$18.0 m) for the financial year ended June 30, 2016, compared with a gain of A$4.2 million in the previous year. Although the Australian surf giant continued to ...
