Latest Headlines – Page 244
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Higher sales and margins for 361°
Citing improved market conditions, 361 Degrees International reported a 22.3 percent increase in adjusted net income to 269.6 million yuan renmimbi (€36.8m-$42.0m), or a net profit margin of 12.2 percent on 5.7 percent higher sales of RMB2.2 billion (€300.4m-$342.8m) for the first half of 2015. The gross margin rose by ...
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One Way will attack major brands in China via 361°
With the 2022 Winter Olympics in Beijing in mind, the joint venture set up by 361° with One Way Sport of Finland two years ago is going to give a lot of visibility to the Finnish brand, which is already a sponsor of next year's Olympic Games in Rio de ...
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Sporting goods are seemingly unaffected by China’s crisis
The stock exchange of Shanghai closed marginally higher yesterday after losing more than one-third of its value for the second time since mid-June amid growing fears of a major drop in consumption. The Shanghai Composite Index is still 40 percent higher than 12 months ago, however, and reports from the ...
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Black Yak prepares for European relaunch
Black Yak, the Korean outdoor brand, has hired a seasoned executive to head up its European sales. Patrik Steinhilber joined Black Yak in Munich earlier this month, as the brand is finalizing a range for its European relaunch in the second half of next year.Steinhilber built up his career at ...
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Mizuno will become more expensive in Brazil
With the value of the dollar up by 29 percent against the Brazilian real compared to a year ago, Alpargatas has decided to raise prices for its licensed Mizuno collections in the second half of this year, coinciding with the delayed launch of the brand's new lines for the spring/summer ...
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Good growth for Rebel Sport, which may go outdoors
Before reporting good results for the 13 weeks ended July 26, Briscoe Group, the New Zealand-based parent company of Rebel Sport, announced a hostile bid for Kathmandu, a chain of 150 outdoor stores in New Zealand, Australia and the U.K. that wishes to internationalize further.Rebel Sport, which has more than ...
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Pelican weighs European partnerships and acquisitions
Pelican International is studying European expansion and the acquisition of complementary suppliers, as the appointment of a new president will enable the Canadian water sports equipment company to focus more strongly on strategic development. Marie-Christine Piedboeuf, currently vice-president of operations, is to become president from the beginning of September. She ...
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The EU bicycle industry grows on all fronts
Bicycle sales in the 28 member states of the European Union increased by 2.3 percent in 2014, with a total of 20,234,000 bicycles sold, including electric bicycles. Germany held the largest share with 20 percent of EU bike sales, followed by the U.K. with 18 percent, France with 15 percent ...
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Gore to explore more ecological water-repellent solutions
W.L. Gore & Associates has announced plans to invest more than $15 million in research over the next five years to explore alternative water-repellent treatments, often referred to as DWR. Gore's initiative is in response to the ongoing debate regarding the environmental threat represented by perfluorinated chemical compounds (PFCs), which ...
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Fresh start for Royal Robbins in Europe
Royal Robbins, an American brand of outdoor and travel garments that predominantly targets women, is making a new start in Europe, with an increased sales effort and a range that has been adjusted for the European market.European distribution has been handled for many years by Bradshaw Taylor and the brand ...
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New Haglöfs chief outlines strategic adjustments
Haglöfs, the Swedish outdoor company, has adopted nine strategic initiatives to adjust the brand's proposition and improve its profitability in the coming years. The changes are led by Peter Fabrin, the company's chief executive since November.Among the broader strategic adjustments, Haglöfs will switch from a product-driven to a more consumer-focused ...
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Peak Performance rejigs ranges and management
Peak Performance has started implementing a strategic plan put forward in May by its chief executive since September, Nicolas Warchalowski, formerly in charge at Haglöfs. While there have been few adjustments to the Swedish brand's ski and golf ranges, it has begun to rethink its outdoor and casual sports apparel.The outdoor ...
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Icebreaker expands sideways
Icebreaker has reinforced its European team with three regional managers for sales and marketing, as it continues to build on its merino-based outdoor products to move into adjacent categories.Ibrahim Can, former country manager in Switzerland, was appointed in March to supervise sales in the German-speaking countries, Eastern Europe and the ...
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Nomad embarks on a new journey
Nomad, the Dutch outdoor company, held a gathering at its stand at the OutDoor fair in Friedrichshafen last month to launch a campaign that is meant to give “a little kick” to the brand, after its change of management and ownership earlier this year.Nomad flew many of its employees to ...
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European consumers spent 4% more on sporting goods in 2014
The Western European sporting goods market recovered in 2014, rising by 3.8 percent in local currencies after declining by 0.9 percent in the previous year, based on our annual, exclusive analysis of the evolution of sports retailing in 15 major countries. In euros, consumption rose by 4.0 percent to €56.1 ...
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Big growth for XXL
XXL ASA continues to grow by leaps and bounds. In the second quarter ended June 30, the leading Nordic sports retailer's sales went up by 23.2 percent to 1,535 million Norwegian kroner (€169.1m-$185.4m), including increases of 5.4 percent on a comparable store basis and 67.7 percent in e-commerce. Sales of ...
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Golf drags down the Adidas Group
The Adidas Group has hired an investment advisor, understood to be Gugenheim Partners, to consider options for the sale of two non-core golf brands, Adams Golf and Ashworth, or perhaps even the whole TaylorMade-Adidas Golf (TMAG) segment, whose performance continued to drag down that of the group during the second ...
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Adidas buys Runtastic for €220m
Based in Austria, Runtastic is said to be one of the three key digital app companies in the sports sector, with 70 million registered users around the world and 15 million active participants every month who use its 20-plus applications, offered in 18 different languages for a variety of endurance, ...
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Callaway raises guidance on higher gross margin
Callaway Golf's second-quarter sales were essentially level with 2014, recording a 1 percent drop, but grew by 6 percent on a constant-currency basis, despite headwinds from unfavorable changes in foreign currency exchange rates and international market conditions that were softer than expected, particularly in Asia. The company posted sales of ...
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Puma sells and spends more
Puma has reported better-than-expected sales results for the second quarter, accelerating in footwear on the strength of new and innovative products, particularly under its Ignite platform. However, currency effects and higher investments in marketing and new stores caused the Wild Cat to book lower operating results and a net loss ...
