Latest Headlines – Page 227
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Mixed results at Amer
Affected by unfavorable winter weather, the Amer Sports group's winter sports equipment sales, with Atomic, Salomon and other brands, dipped by 6 percent to €43.4 million for the first quarter, but the entire group's turnover increased on the back of yet another robust rise in apparel and footwear sales.The Finnish ...
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Callaway’s sales decline, not margins
More efficient operations and an increase in average selling prices enabled Callaway Golf to sharply raise its profit margins in the first quarter, although its turnover contracted by 3.6 percent to $274 million, with a decline of 2.6 percent in constant currencies.The Californian golf company attributed the drop in sales ...
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Good start to the year for Accell
Accell Group recorded higher revenues and profit in the first quarter of 2016 as compared to the same period of 2015. This growth was primarily driven by higher demand for electric bikes and sports bikes in the higher price segment. The group's brands include Batavus, Sparta, Koga, Loekie, Ghost, Haibike, ...
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Shimano starts 2016 with sales down 16%
Shimano's sales for the first quarter of 2016 dipped by 16.2 percent compared with the same period last year to 82,169 million yen (€668.9m-$759m). The Japanese maker of bicycling components and fishing gear blamed greater economic uncertainty due to “frequent terrorist attacks” in Europe, hitting tourist numbers, and the cooling ...
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Rapala's sales slow in the first quarter
Rapala VMC posted a financial report for the first quarter of 2016 that was slightly below expectations, noting that the year started slow but did not include any major surprises. Revenues for the world's largest manufacturer of fishing lures were down by 6.0 percent from the year-ago period to €69.7 ...
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Garmin posts strong Q1 results on lower margins
For the first quarter ended March 26, Garmin recorded $624 million in total revenues, up 7 percent over the same period last year, with the fitness and outdoor segments combined contributing 38.3 percent of total revenues. The company ended up with net income of $88.1 million, up 32 percent, in ...
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Buoyant quarter for Skechers ex U.S.
After another sharp rise in the first quarter, Skechers' international wholesale turnover has turned into the largest part of its wholesale business, driving another robust quarterly sales increase and a surge in profits for the American footwear brand.David Weinberg, Skechers' chief operating officer and chief financial officer, said in a ...
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Shoes are counterfeited the most globally
Branded footwear saw the most counterfeits globally each year between 2011 and 2013, says a report published by the Organization for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) on April 18.“Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” analyses almost half a ...
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XXL grows by 23%, moves into Denmark
XXL ASA, the big and fast-growing sports retailer operating in Norway, Sweden and Finland, confirmed that it is preparing to start online sales in Denmark at an unspecified time later this year (see our previous issue), with what XXL describes as “aggressive” pricing and high marketing spend. The Norwegian retail ...
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Store bankruptcies on the decline in Norway
A recent report published by Sportsbransjen, the Norwegian sporting goods industry association, shows that bankruptcies have been on the decline among retailers operating in the sector. On average, 38 Norwegian sporting goods shops have been affected by bankruptcy proceedings every year in the last four years. In the first quarter of ...
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Hanesbrands buys Champion Europe, reuniting the brand
The management of Hanesbrands sees a potential for the Champion brand to approach an annual turnover of $2 billion at wholesale in the next five to six years, following its agreement earlier this month to take over Champion Europe, which owns the rights to the brand for Europe, the Middle ...
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Big retail merger in Denmark
A major new player is emerging in the Danish market with the proposed merger of an integrated retail chain, Sport 24, with a medium-sized voluntary group, Sportigan. If approved by Sportigan's retail members at their general assembly on Aug. 28, the merger would create a group whose annual retail sales ...
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STMI expands into Italy
STMI, the European buying group spearheaded by Groupe Go Sport and Hervis Sports, which stands for Sports Trade Marketing International, is developing a pan-European data platform for the international brands, analyzing product performance and customer purchasing behaviors by country and by product category. It is set to be launched by ...
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JD grows by 20%
The athleisure trend supported rapid sales expansion for JD Sports Fashion for the year until Jan. 30, as its sales from continuing operations soared by 20 percent to £1,821.6 million (€2,309.6m-$2,620.3m), with comparable store sales up by 11.6 percent across all retail formats.With a slight decline in the sports division ...
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SDI buys more of Findel
Sports Direct International (SDI), the biggest competitor of JD Sports Fashion in the U.K., raised its stake in Findel to 29.79 percent last month – just below the threshold that would make it compulsory for SDI to issue a bid for the listed British online retailer.When it became clear in ...
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More pressure on Ashley
Mike Ashley, the majority shareholder of Sports Direct International, has been ordered to hand over text messages to lawyers as part of a lawsuit by a former adviser, The Financial Times reports.Jeff Blue, a former banker and strategic development director at SDI, is reportedly suing Ashley for £14 million (€17.8m-$20.1m), ...
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Decathlon moves into Slovenia and Australia
Decathlon opened its first store in Slovenia last week, as it continues to spread in the eastern part of the European Union. The store opened on 2,700 square meters in Ljubljana, the Slovenian capital, and the French retailer said that it could open a second store in the country later ...
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Go Sport diversifies into bike retailing
Cycling is an important product category for Decathlon, Competing against it in the French bicycle market, which grew last year by 4.5 percent, Groupe Go Sport has opened five specialist bike stores trading under a new banner, Bike +, and several more should start in the months to come. The ...
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Sportamore expands in the Nordics
Upgraded design and functionality as well as investments in editorial contents and online merchandising algorithms have been supporting a rapid expansion across the Nordic countries for Sportamore, a multi-sport online retailer based in Sweden. Sportamore's turnover surged by 46.6 percent to 542.3 million Swedish kronor (€59.1m-$67.0m) last year and its ...
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Blue Tomato expands with omni-channel strategy
Blue Tomato, the Austrian-based action sports retailer, bucked the unfavorable trend in the board sports market with a 36 percent sales increase to €69 million for the year until the end of January. The company, which runs an online store as well as 25 stationary stores spread between Austria and ...
