Latest Headlines – Page 241
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Knight writes up his side of the Nike story
Students at Stanford University a few years ago were startled to find out that the unassuming man with the white Nikes who turned up at their creative writing classes was Phil Knight. The anecdote published by The Wall Street Journal at the time didn't mention whether Nike's co-founder was then ...
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PSG posts lower earnings and revenues
The revenues of Performance Sports Group (PSG) were down by 11 percent, or 4 percent in constant currencies, to $175 million for the first fiscal quarter ended Aug. 31. The company, which owns Bauer and other operations in ice hockey, lacrosse, baseball and softball products, recorded a net loss of ...
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Vulcabras continues its recovery
We should have run the quarterly results of this Brazilian company earlier, but here they are: Vulcabras Azaleia reported a big jump of 279.2 percent in its operating earnings before amortization (Ebitda) to 40.2 million reais (€9.3m-$10.4m) for the second quarter ended on June 30. In spite of a challenging ...
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Brazil extends anti-dumping duties on China
Decom, the Trade Defense Agency of the Brazilian government, has announced the continuation of the investigation to review its anti-dumping measures against footwear from China. The agency indicated that it had found elements of ongoing dumping. Apparently, it also admitted that there has been no further injury to the Brazilian ...
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The TPP faces some hurdles
Trade ministers from the U.S. and 11 other countries along the Pacific Rim have finalized the terms of the Trans Pacific Partnership (TPP), an agreement that would eliminate import duties and other trade barriers between them over time. It would cover about 40 percent of the world's economic output. In ...
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Former Arc’teryx managers roll out bike apparel brand
A Canadian cycling apparel brand launched by several former Arc'teryx managers has rapidly gained distribution in European and Asian countries. 7mesh, which has a distinctively clean design, already reached ten markets when it started earlier this year, and a few more should be added shortly.The president at 7mesh Industries is ...
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Salming expands in running
Salming Sports is preparing to open a third Salming Run Lab in Switzerland in March, as the Swedish brand continues to diversify and to build on its particular approach of running shoes.Salming has long been known as a leading brand of equipment for floorball but a few years ago it ...
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Dynafit and Salewa move into Asian markets
The Oberalp Group is building up its business in Asia, with licensing and distribution deals signed or in advanced discussions in China, South Korea and Taiwan, and with distinct approaches for the Salewa and Dynafit brands. In South Korea, Oberalp has sealed a licensing and distribution agreement for Salewa with K2. ...
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Norrøna wins the Norwegian retail prize
Norrøna came home from the 2015 Norwegian Retail Conference with the Retailer of the Year award. While it may seem strange that a vendor wins a prize aimed at retailers, it was Norrøna Retail that got it because of the company's own retail operations. The Retailer of the Year award is ...
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Big growth for CMP
CMP is the brand of sports clothing, specializing in ski and outdoor garments, launched in 2010 by Italy's Fratelli Campagnolo to make a clear statement in the market for an affordable and functional apparel line with Italian design. The idea behind the new brand name, which took the place of ...
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The U.S., China and Russia drive the global sports market's growth
The global sporting goods market continued to grow by 5 percent in 2014 on a constant-currency basis, reaching a level of €285 billion, according to The NPD Group. The international market research company has been calculating a similar annual growth rate for the global sports market since 2011, but with ...
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Nike wows the market
Nike started its fiscal year with an exuberant quarter, defying economic issues in China and reporting impressive increases in futures orders. The results for the three months until the end of August were way above market estimates and ahead of Nike's own expectations.The Nike group's sales climbed by 14 percent ...
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Asics revises forecast with higher sales, lower profits
Due to the weakening of the yen, Asics has raised its sales forecast for the full year, predicting that they will reach about 429 billion yen (€3.2bn-$3.6bn) compared with the forecast of ¥423 billion (€3.1bn-$3.5bn) issued in February. That would amount to an increase of more than 20 percent from ...
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Sales drop at Le Coq
Le Coq Sportif generated sales of €49.0 million in the first half of 2015, down by 7 percent from the same period a year ago, according to Airesis, the Swiss investment company that owns a 78 percent stake in the French sports brand. The gross margin improved by 0.7 percentage ...
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Joma grows in the football rankings
Joma Sport claims to have become the third-largest supplier of football products on a global basis - thanks especially to the internationalization of its sports marketing efforts in Asia, Africa and Latin America - and the category leader in the domestic Spanish market, ahead of Nike and Adidas. The Spanish ...
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Musical chairs at Puma
Daniela Molin is taking over as general manager of Puma for accessories and licensing, replacing Philippe Le-Bretton, who is moving to Singapore to act as general manager of Puma Southeast Asia. Le-Bretton is replacing Miguel Gomes de Andrade, who has decided to leave the company.Molin has accumulated experience in product ...
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Keller Sports wins prizes, adds top winter sports brands
Keller Sports, the first online retailer in Europe to have chosen a premium positioning in the market, won a couple of important prizes a few weeks ago in a prestigious contest for the “Shop Usability Award,” organized by a German retail consultancy, Shoplupe. Competing against 533 other e-commerce websites in ...
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Retail restructuring costs affect robust Fenix group
Restructuring costs of €4.9 million at Globetrotter badly affected the results of the Fenix Outdoor International group's retail business for the second quarter. However, thanks to the robust performance of its brands and retail operations outside Germany, the entire group's operating profit excluding restructuring costs was still on the rise ...
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Kettler works on a restructuring plan
Kettler is preparing to implement a restructuring plan, after a court in Arnsberg approved insolvency proceedings for the German fitness and leisure equipment supplier earlier this month. Kettler filed for self-administered insolvency in June, while several investors were said to circle the family-owned company. The company indicated at the time ...
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Shimano Europe relocates in Eindhoven
Shimano is to relocate its European head office from Nunspeet in the center of the Netherlands to the High Tech Campus in Eindhoven from the start of 2017. The Japanese cycling, fishing and rowing equipment company announced earlier that Shimano Europe would open an “experience center” in 2017 on the ...
