Latest Headlines – Page 229
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Kesko will pull out of Russia
Kesko Oy disclosed in its annual report that it plans to withdraw from the difficult Russian market in the course of this year, due to low volumes and unprofitable performance. The big Finnish retail group, which took on the Intersport license for Russia in 2011, has booked €17.2 million in ...
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Sport Zone may expand again in Spain
Sport Zone, the leading Portuguese sports retail chain, saw the number of company-owned stores decline by three to 108 in Spain and Portugal last year, while expanding with a handful of international franchises. It is reportedly preparing to open three larger stores in Spain, however.The retailer ended 2015 with 75 ...
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Broad sales rise and surging profit for Nike
Nike continued to advance in nearly all markets during the third quarter of its financial year, which ran until the end of February, with a sales rise of 7.7 percent to $8,032 million that was a little lower than predicted by the stock market. The group also reported a 20 ...
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Nike debuts “groundbreaking” self-lacing shoe
Nike is going to release its first-ever self-lacing shoe at the end of this year. Already announced some time ago, it was finally presented by the top management of the group along with other new products at a special event a week ago in New York City.The Nike HyperAdapt 1.0 ...
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Nike’s self-lacing shoe has a sophisticated French challenger
Nike's automatic lacing mechanism is not the only one coming to the market. A small French company, Digitsole, presented a prototype of its own system at the Consumer Electronics Show (CES) in Las Vegas last January and a few days later at Ispo Munich. Its futuristic, connected smartshoe, the Smartshoe ...
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The Hickies’ lacing solution makes big strides
There have been ways to do without laces in sports shoes. Puma, which launched its revolutionary Disc technology 25 years ago, is resurrecting it now with a sleeker and lighter model of running shoes, using a more flexible steel cable to better adapt to the foot.Lotto Sport Italia has been ...
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Basicnet adds Briko to its portfolio
The parent company of Kappa, Robe di Kappa, K-Way and Superga is placing its rather successful licensing-based business model at the disposal of Briko, the Italian brand of high-performance helmets and goggles for snow sports and cycling. Basicnet has agreed to become its exclusive global distribution licensee, with an option ...
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Investcorp helps Dainese and Poc to develop
Investcorp, a big investment company that previously owned Helly Hansen, is providing ample financial means to Dainese and Poc to develop faster than before, according to their managers, who have just begun to know each other to determine possible future synergies.Investcorp completed the acquisition of a majority stake in Dainese, ...
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BD quantifies its savings in Europe
Confirming the relocation of its European head office from Basel to Innsbruck in May, the Black Diamond group said that it should yield a reduction of $2.2 million in operating costs on a normalized basis this year. The progress was detailed in a conference call around the U.S. group's annual ...
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Polygiene gets stock market listing
Shares in Polygiene, the Swedish company specializing in odor control with a focus on sports and outdoor products, started trading on the Nasdaq First North market on March 14, after a share issue that raised about 22.5 million Swedish kronor (€2.4m-$2.7m) in December.In the fundraising process, the company's shares were ...
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Skins launches crowdfunding campaign
Skins, the brand of compression garments that has been strongly campaigning for transparency and tolerance in sports in recent years, has launched a crowdfunding campaign to invest more in marketing and innovation.The Swiss-based company has set a target to raise the equivalent of £2 million (€2.5m-$2.8m), through Seedrs in the ...
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Ecco grows and invests more in golf
Ecco is establishing a dedicated golf business unit for the Asian market to promote continued sales growth for its golf shoes in the region, in spite of the recent closure of many golf courses in China. It will be based at Ecco's regional office in Singapore and headed up by ...
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Chervò goes direct in Europe
The leading Italian brand of golf and leisurewear completed late last year a reorganization of its European sales operations that has allowed it to become more reactive and competitive in the market. It closed down its sales subsidiaries in Germany, Austria and France and stopped working with a distributor in ...
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Karhu rebuilds European sales
Karhu, the Finnish sports brand, is relaunching its performance running range and its lifestyle offering in a few European countries, after it opened a European head office in Amsterdam last year and built up its sales force in the Netherlands and Germany.The investments come after the Arese family, which has ...
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Norwegian purchasing patterns may change
The Norwegian sporting goods association, Sportsbransjen, has contributed to an interesting government report entitled “The Climate in Norway 2100.” The goal of the report was to obtain clearer insight into the consequences of climate change for Norway as the snowline goes higher.According to Sportsbransjen's chief executive, Bård Kristiansen, Norwegian purchasing ...
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Li Ning returns to profit after clean-up
The Li Ning group sharply improved the sell-out of its stores and restructured its offering last year, as the Chinese sports company finally began to recover from the slump of the recent years. Li Ning already announced in January that it should approximately break-even for 2015 after three years of ...
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While producing less in China, Yue Yuen posts higher profits
The world's largest shoe manufacturer said its gross margin increased last year by 1.3 percentage points to 23.4 percent as rising labor costs were more than offset by a drop in raw material costs and improved efficiencies. This helped Yue Yuen Industrial Holdings to report a 17.9 percent increase in ...
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China Dongxiang grows by 16.4%
China Dongxiang raised its turnover by 16.4 percent to 1,469 million yuan renminbi (€202.0m-$225.6m) last year as the Chinese sportswear company continued to reap the benefits of reforms in its business approach and the much-improved performance of its stores.Sales of the Kappa brand in China advanced by 25.8 percent to ...
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Li & Fung endures tough market conditions
Li & Fung reported a 4.6 percent fall in net profit to $421 million for the 12 months ending December 2015 largely due to deflationary pressures and currency depreciation.Core operating profit declined by 15.2 percent to $512 million in 2015, according to the Hong Kong-listed company's latest profit announcement, as ...
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Vulcabras improves, downsizes in Argentina
Vulcabras, the Brazilian parent company of the Olympikus brand of sports shoes, reported a further improvement in its financial results during the past year in spite of the economic recession in its country and the loss of a distribution contract for Reebok in four South American countries, with effect from ...
