Latest Headlines – Page 243
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Sports hardware fakes worth €500 million are sold each year in Europe
Counterfeiting of soccer balls, golf clubs, tennis racquets, skis, sports helmets and other types of sports equipment costs the European sporting goods industry €500 million a year in terms of ex factory values, according to a new study conducted by the Office for Harmonization in the Internal Market (OHIM). An ...
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Sporting goods sales on the rise in Norway
According to the Norwegian sporting goods industry association, Sportsbransjen, the country's major sporting goods chains raised their sales by 8 percent in the first half of 2015, when compared with the same period last year, with an increase of 4.8 percent in the second quarter. It is not sure whether ...
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Halfords reports a 11% drop in summer sales
Bad weather in the U.K. was blamed for causing a sharp drop in sales in Halfords' cycling range in the eight weeks ended Aug. 28. The rainy and inconsistent weather in July and August discouraged casual cyclists from buying new equipment, according to the retailer, which saw revenues in those ...
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Eurobike to add one more consumer day
Eurobike will add a second day open to the public in 2016, in view of the European consumers' growing interest in bicycles. Messe Friedrichshafen, which organizes the trade show, made the announcement on Aug. 29, at the closing of this year's edition. In 2016 the event will be held from ...
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Zalando cancels B&B consumer festival
As we previously reported, the big Berlin-based e-tailer bought the bankrupt Bread & Butter trade show in the former Tempelhof airport of the German capital a few months ago, saying that it was planning to turn the event into a big consumer-oriented fashion festival. It has now announced the cancellation ...
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Growing Zalando invests in research and logistics
Zalando has opened its second “Tech Hub” outside Germany in Helsinki, starting with ten employees this month and building up gradually to 200. The team will concentrate on the development of innovative customer-oriented products, applications and services, particularly on the mobile shopping front. The new Tech Hub will complement the ...
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Stella sees increasing foreign demand
Stella International Holdings has reported a 12 percent increase in shoe deliveries to 23.7 million pairs during the first half of this year, due to increased demand from U.S. and European clients who are beginning to refill their depleted inventories.Average selling prices for footwear increased by 0.7 percent on the ...
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Rugby’s largest market is the U.K., but France is growing
Great Britain is the largest rugby market in Europe, according to NPD, with sales of footwear and apparel of around £83 million (€113.2m-$128.0m) for the 12 months ending March 2015. The NPD Sports Tracking Consumer Panel tracks purchasing of sports footwear and apparel across five markets in Europe: the U.K., ...
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Intersport grows fast, launches Run & Fit
Officials of Intersport International Corp. (IIC) are reporting an exceptionally strong increase of 6.7 percent in euros at the retail level for the first six months of 2015. Separately, the international retail organization has announced the opening of the first of a new series of stores specializing in running ...
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Foot Locker may expand in France and Spain
Foot Locker continued its high momentum, generating sales and profits that topped analysts' expectations for the second quarter ended on Aug. 1. The leading international athletic shoe retailer reported net income of $119 million for the second quarter, representing a 29 percent increase versus the same period last year. The ...
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The German Cartel Office scolds Asics
As expected, Germany's Federal Cartel Office (FCO) has issued a negative verdict on Asics' sales policies, arguing that its refusal to deal with certain small and medium-sized internet retailers that have been using search engines and marketplaces such as Ebay and Amazon have restricted price competition online as well as ...
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Amer wants to grow by 6.5% a year
After building up its annual turnover from about €1.5 billion to €2.5 billion in the last five years, Amer Sports wants to raise it further to €3.5 billion in the next five years. The compound annual average growth rate would thus increase from 5 to 6.5 percent. The management wants ...
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Adidas makes new waves in American team sports
Anxious to improve its low market share in the U.S., Adidas has signed two important basketball sponsorship deals, focusing on individual players, after walking off from a previous marketing contract with the NBA, which is going to be in the hands of Nike from the 2015/16 playing season.The German brand ...
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Billabong turns around
Claiming that its turnaround strategy is working, Billabong International announced yesterday its return to net profits for the financial year ended June 30, the first time since 2011. The company posted a net profit of 4.2 million Australian dollars (€2.7m-$3.0m) as compared to a loss of A$233.7 million incurred in ...
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Performance Sports grows rapidly
The Performance Sports Group (PSG) saw revenues grow to a record $654.7 million in the fiscal year ended May 31, a jump of 47 percent in dollars and 51 percent in local currencies as compared to the previous fiscal year. The New Hampshire-based group, formerly called Bauer Hockey, said the ...
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Black Diamond grows by 7% currency-neutral
The Black Diamond group's sales grew by 7 percent in local currencies during the second quarter of 2015, but the strength of the dollar and the breadth of the company's international coverage caused it to report an increase in dollars of only 2 percent to $35.1 million for the period, ...
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Lower net revenues for Mammut
Citing a general weakening of growth in the outdoor market worldwide and the strength of the Swiss franc, Conzzeta has reported a 4.2 percent drop to 99.3 million Swiss francs (€91.5m-$101.6m) for its sporting goods segment during the first half of this year. The operating margin of the segment, which ...
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Johnson Outdoors reports higher sales and profits
Johnson Outdoors has reported slightly higher sales and vastly improved earnings for the third quarter ended July 3. The growth was primarily driven by strong market momentum around new products across its consumer-oriented fishing, camping and water recreation products, which offset declining sales of diving equipment and lower revenues from ...
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Yue Yuen grows by 7.4%, driven by retail
Total revenues grew by 7.4 percent to US$4,245 million at Yue Yuen Industrial Holdings in the first six months of this year, and they accelerated to a 7.6 percent pace in the second quarter. Operating earnings declined by 4.3 percent to $208.8 million in the six-month period across the group's ...
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Li-Ning narrows loss, posts double-digit sales growth
Li-Ning reported a 16.1 percent sales increase to 3.64 billion yuan renminbi (€497.4m-$567.6m) in the first half ended June 30. Growth was led by the flagship Li Ning brand, which posted a 17.0 sales increase to RMB3.13 billion (€427.6m-$488.0m) and accounted for 85.9 percent of the group's total revenues. Sales ...
