Latest Headlines – Page 252
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XXL claims the leadership in the Nordics
Claiming that it has become the largest sports retailer in the Nordic countries, XXL ASA reported a 32 percent increase in total operating revenues to 1,369 million Norwegian kroner (€160.9m-$180.2m) for the first quarter ended March 31. The company's move into Finland was responsible for 43 percent of the growth. E-commerce ...
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Intersport Danmark outsources services to its biggest retailer
OBI Sport, the largest shareholder of Intersport Danmark (IDK) and its largest retail member, is taking over the main central service functions of the Danish buying and franchising cooperative through an outsourcing agreement. It is combining its own operations with those of the group, with effect from May 1. The ...
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TAF will return to France
The Athlete's Foot will return to France, where the banner had a strong presence when it was owned by Rallye. Intersport France plans to make the first trials next year, with a view to setting up a chain of 100 stores in the next three years. The French cooperative is ...
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Wilson supports quarterly growth at Amer Sports
The year got off to a strong start for Amer Sports, which lifted its turnover by 5 percent in constant currencies for the first quarter. The rise was driven by increased apparel and footwear sales as well as winter sports equipment and sports instruments, while restructuring measures in ball sports ...
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Amer strengthens digital connectivity
Amer Sports has signed a deal to acquire full ownership of Sports Tracker Technologies, including its Sports Tracker application, on undisclosed conditions. Sports Tracking Technology is a company spun off from Nokia in 2009. It is run by former officials of the Finnish telecommunication company who claim to have developed ...
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Amer sells Bonfire and Nikita
As expected, Amer Sports has sold off its two brands of board sports clothing. The new owner is Pretty Great, a subsidiary of a Singapore-based company, CNR Pte. Amer had inherited the American Bonfire brand as part of its acquisition of Salomon in 2005. It bought Nikita, a women-specific brand ...
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Callaway raises profit forecast despite slumping sales
Callaway Golf suffered a sharp decline in its turnover for the first quarter but the company says it has become more cost-efficient and the brand's impetus is strong. The performance led Callaway to reduce its sales forecast while upping its profit estimate for the full year.Chip Brewer, the company's chief ...
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Jarden reports lower outdoor sales
Sales declined by 8.7 percent to $624.9 million in the Outdoor Solutions segment of Jarden Corp., due for the most part to a drop of nearly 8 percent in the value of the euro and other major currencies against the dollar. Another reason was a delay in shipments of fishing ...
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VF reports robust underlying demand
Sales of VF Corp.'s outdoor and action sports division, with brands ranging from The North Face to Timberland and Vans, among others, advanced in the first quarter by 2 percent to $1.6 billion, which amounted to a rise of 10 percent in constant currencies.Quarterly sales for The North Face increased ...
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Skechers delivers a strong quarter
Skechers USA went through a very strong first quarter where its sales jumped by 40.5 percent to $768 million, growing in all the categories. The sales increase came in spite of numerous adverse factors such as the West Coast strikes and unseasonably cold weather in the U.S., the strong dollar ...
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Wolverine grows by only 1%
Wolverine Worldwide enjoyed a 50 percent increase in sales to foreign distributors in the last two years, and the company continues to see international expansion as being critical to the future growth of its 16 brands. In the first quarter ended March 28, Wolverine experienced a very strong double-digit increase ...
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Basicnet improves strongly
The Italian company that owns Kappa, Robe di Kappa, K-Way, Superga, Lanzera and other brands has reported a 39.5 percent increase in net profit to €7,561,000 for the first quarter ended March 31. Operating earnings (Ebit) rose by 21.5 percent to €10.6 million, thanks to 11 percent higher direct sales ...
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New top executives for Patagonia Europe
Patagonia has strengthened its European team, hiring new top-level managers for its new European office in Amsterdam and in key markets. These and other investments in marketing and sustainability are meant to make the Patagonia brand “more relevant” in a region that still represents only about 10 percent of its ...
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Umbro grows by 20% outside the U.S.
Iconix Brand Group's licensing revenues of $95.4 million in the first quarter were down by 15 percent from the same period a year ago, but they were flat on a comparable basis. International revenues were up by a mid-single-digit rate, with the company-owned Umbro brand up by 20 percent.The company ...
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Strong growth for Sequential
The latest major entrant into the licensing business, Sequential Brands Group, reported a jump of 117 percent in its revenues to $13.6 million for the first quarter. Adjusted operating results vaulted to $8.0 million from $3.1 million, and net earnings grew by 95 percent on a GAAP basis to $1,444,000.The ...
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Shimano’s sales grow by 29.5%
Boosted by the depreciation of the yen, Shimano saw its sales increase by 29.5 percent to 98.02 billion yen (€728.3m-$815.6m) in the first quarter of 2015, advancing more strongly with its bicycle components than with its fishing tackle products. Operating earnings jumped by 63.0 percent to ¥23.19 billion (€172.3m-$193.0m) and ...
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Strong start and price increases at Accell
Owner of bicycle brands from Batavus to Sparta, Raleigh and Lapierre, among many others, the Accell Group said that favorable weather conditions in Europe and robust demand for electric bicycles and upper-end sports bicycles enabled it to raise its turnover above its forecast for the first months of 2015. The ...
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Trek launches large product recall
Trek Bicycle Corporation has launched a huge recall that could apply to more than 1.6 million Trek bicycles equipped with front disc brakes and specific quick release levers. Trek is offering the free replacement of these parts in an operation that started two weeks ago and could involve up to ...
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GoPro buys its way into spherical content
GoPro has agreed to buy Kolor, a French-based software maker specialized in virtual reality and spherical media solutions, for an undisclosed sum. All of Kolor's employees are to join Go Pro but they will remain at the French company's head office in the Savoie region near Montmélian.Spherical media offer a ...
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A tough quarter for Garmin
Garmin is delivering improved versions of its Virb action camera in the second quarter, with enhanced mobile applications, to help counter the competition from GoPro. Introduced last year, Garmin's Virb has failed to make a significant dent in the market until now, helping to depress its sales in the outdoor ...
