Latest Headlines – Page 230
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Havaianas helps Alpargatas to book higher sales and profits
Alpargatas reported an 11.6 percent increase in net revenues from continuing operations to 1,131.7 million reais (€276.9m-$307.6m) for the fourth quarter ended Dec. 31. Topper and Rainha, two loss-making sports brands being sold by the group, are not included in the figures for Brazil, where the group's sales fell by ...
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Garmin bets on fitness and outdoor
Garmin announced a sharp 37 percent decline in net income to $132 million for the fourth quarter of its financial year, ended Dec. 26. The quarterly gross margin fell marginally by 0.7 percentage points to 52.9 percent.The fitness segment saw a 51 percent gross margin decrease as a result of ...
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Icebug continues to grow by 30%
Icebug got an Ispo Award last month for an interesting new and versatile “three-season sneaker” for everyday use, which it demonstrated at the Ispo Munich fair. It features a suede leather upper and a rubber sole fitted with two of its patented traction technologies. The rubber compound provides traction on ...
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Michelin Technical Soles expands sports partnerships
JV International (JVI), the new company that is handling the design, development and manufacture of high-performance Michelin branded soles, is expanding its collaboration with the Oberalp group and with Ride Snowboards and is working with two additional sports brands – Hi-Tec Sports and Kodiak – for the autumn/winter 2016/17 season.Oberalp ...
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Downlite is the first Global TDS-certified company
NSF Sustainability has announced it has certified Downlite, a supplier of performance fills for outdoor and other products, to the Global Traceable Down Standard (Global TDS). Downlite is the first company in the world to have been certified according to this standard. Certification for the Global TDS can be granted ...
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Adidas thrives in Europe
The buzz around the Three Stripes remained vibrant in the last months, and the Adidas Group reported a few days ago buoyant quarterly sales, with rapid expansion in Europe – albeit aided by outsized marketing investments that hit profits.The company's sales in the fourth quarter of 2015 were up 15.4 ...
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Adidas hails its “comeback”
The Adidas Group's performance last year marked what managers described as a remarkable comeback, after enduring a slump in golf and Russian sales and the perceived sluggishness that caused jitters among investors two years ago.Herbert Hainer, the company's outgoing chief executive, said that the new impetus was supported by a ...
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Brazil extends anti-dumping duties
After a lengthy investigation and intensive lobbying by all interested parties, the Brazilian government decided on March 2 to extend the anti-dumping duties on footwear imports from China that it imposed in 2009. They will run for a further five years, the maximum allowed by the World Trade Organization, but ...
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Sports Direct under rising market and parliamentary pressure
Sports Direct International (SDI) was relegated from the FTSE 100 index of the London Stock Exchange earlier this month, after a 45 percent slump in its share price since the start of December. The leading British sports retailer and wholesaler joined the blue chip index in 2013 but the exchange's ...
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Nine parties are holding talks to buy Dutch retail chains
Nine retail groups and investors are holding talks for the potential acquisition of Perry Sport and Aktiesport, two large Dutch sports retailers that were declared bankrupt on Feb. 23 (see our previous issue). They are both part of the Unlimited Sports Group (USG), which went into receivership at the same ...
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Foot Locker performs generally better outside the U.S.
Foot Locker is becoming more active in Europe, a region that has been singled out as a focus of investment by the group. The American banner will be taking over the prime 1,000-square-meter space occupied by an Adidas flagship store after it closes at the end of March on the ...
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Hervis grows by 10.3%
After reporting flat or declining sales for the previous three years, Hervis Sport made strong progress in 2015, raising its sales by 10.3 percent in constant currencies, thanks in part to the opening of nine new stores, and reached a level of €469 million for the year. Its sales went ...
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Go Sport grows by 3.2%
Groupe Go Sport, which belongs, like Hervis and other chains, to the European STMI purchasing platform, is no longer public. However, its parent company, Rallye, which now owns 100 percent of its shares, has reported a turnover of €680 million for its sporting goods retail subsidiary, up from €655 million ...
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Zalando focuses on activewear
Zalando is evidently aiming to establish itself as a major online shopping destination for sports fashion in Europe. In line with current lifestyle trends and the growing concern for health and fitness, it is offering more sports clothing and footwear for running, training, fitness, yoga, tennis and other sports, especially ...
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Billabong improves in Europe
Billabong International is claiming progress for its three leading brands as it continues to implement its turnaround strategy but its profits were under pressure for the half-year up to the end of December.The group's turnover reached 561.9 million Australian dollars (€379.4m-$421.6m) for the six months, which was an increase of ...
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New owners for Surfstitch?
Billabong International sold its 51 percent stake in Surfstitch back to its two founders, Justin Cameron and Lex Pedersen, two years ago. Surfstitch may now be poised for another change of ownership. The Australian group announced last week that Cameron, who has been acting as chief executive and managing director ...
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Europe a bright spot for Zumiez
The ongoing expansion of Blue Tomato in terms of stores and sales in Europe is offsetting the impact of a lackluster American action sports market on the Zumiez retail group. Complaining about the persistent lack of new fashion trends to drive traffic to its U.S. stores, and noting that the ...
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Bic Sport grows by 16% thanks to higher stand-up paddle sales
Bic Sport's revenues increased by almost 16 percent in 2015 to €31.1 million, which amounted to a growth of 5.0 percent over 2014 on a comparable basis. The French-based supplier of water sports equipment said this performance was largely due to the success of its stand-up paddles, which represented around ...
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Brunotti builds up its equipment range
Brunotti, the Dutch based action sports brand, has developed an eco-friendly surf board as part of its efforts to raise its sales of equipment. The Ambient bio-based board is made with a honeycomb paper core and other mostly natural materials from renewable resources and a low carbon footprint.The launch comes ...
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Lafuma makes some progress
The Lafuma Group has confirmed its turnaround by reporting a small net profit of €2,406,000 in the past year, up by 8.9 percent from the profit of the previous year. As expected, its strategic realignment led to a 5.3 percent increase in its total revenues to €162.8 million. All the ...
