Latest Headlines – Page 254
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Kettler pursues its digital transformation
Kettler is setting up an internet platform to create an international community of users who will be able to interact with each other for fitness workouts as well as with the company. It plans to build up a database of consumers by asking them to register for a warranty when ...
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Fibo thrives in growing European fitness market
Fitness is the leading organized sports activity in Europe according to a report published by Europe Active (the former European Health & Fitness Association) and Deloitte, with the number of European fitness club members rising by 9 percent to 50.1 million in 2014. Europe Active's target is to grow participation ...
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Ispo Munich discloses new attendance figures
Messe München has shared with us more details about the flow of visitors at the last edition of the Ispo Munich trade show, which took place on Feb. 5-8. As previously reported, total attendance grew by 2.7 percent to more than 83,000 daily passes through the turnstiles, with increases of ...
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Foot Locker outlines new growth plans
Foot Locker plans to expand the recently acquired Runners Point and Sidestep chains outside Germany across the European Union, eyeing underpenetrated markets such as France, Spain and Scandinavia. This will be part of a stronger multi-banner strategy that will also involve the establishment of more House of Hoops, leveraging the banner ...
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Sports shop-in-shops - a new trend
Décathlon is partnering with Asda, the British mass market retailer, to test out a new shop-in-shop format at its supermarket stores, according to Retail Week. The space of about 130 square meters would be used to feature a small selection of products and to give customers access to Décathlon's web ...
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Blue Tomato will enter new markets
Zumiez plans to open about 57 new stores in 2015, including six Blue Tomato units in Europe. The first two new Blue Tomatoes opened in Cologne and Trier earlier this year, and they are being followed by two others in Vienna and Bonn. In the longer term, after a couple ...
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Expansion drives Hervis‘ small growth
For the 2014 financial year, Hervis Sports, the Austrian sporting goods chain owned by the Spar food retailing group, has reported sales of €425 million before VAT. In constant currencies, the overall sales growth was just 0.22 percent, but the company says it grew by 2.38 percent in the Austrian market, ...
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Lululemon develops outside North America
As part of its new international development, Lululemon Athletica will open its first store in the Middle East through a partnership in Dubai this coming autumn. The company will have eight stores in both Asia and Europe by the end of this year, rising to 20 in each region by ...
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Adidas sets a €22 billion sales target
Speed, cities and open sources are some of the key words in “Creating the New,” the five-year strategic plan outlined by managers of the Adidas Group at their investor day conference, which was held at the company's head office in Herzogenaurach last Thursday, March 26.The wide-ranging plan aims to lift ...
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Adidas makes U.S. expansion “imperative”
A commitment that was repeated by several managers in Herzogenaurach last week is that the U.S. market has become a priority for Adidas. While the group's performance last year was affected by its troubles in Russia and in the golf market, it was shaken by Under Armour's rise as the ...
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Adidas will pump up retail
Another target is to expand sales through the group's own concept stores at double-digit rates per year. The company runs about 2,900 own stores and wants to add 500 to 600 more stores by 2020, including specialist stores focusing on basketball, running or women, for example.By reducing the number of ...
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Adidas will adopt a more consumer-focused approach
Adidas managers said the new focus on consumers will be facilitated by the reorganization of the management structure that was implemented last year, dismantling the previously function-driven organization and giving full responsibility to the managers of each sports category.The group's investments to engage end consumers are to focus on six ...
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Adidas wants to speed up processes
The “speed” component of the Adidas Group's new strategic plan is inspired by the business model that the group has adopted for Neo, the fast-fashion label developed by Adidas in the recent years, which reached sales of more than €850 million in 2014. While the entire company has already reduced ...
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Robust quarter for Nike in a choppier market
Nike produced yet another robust quarter for the three months until the end of February, with just a few less favorable developments such as the impact of the labor dispute in West Coast ports, the remnants of warehousing issues in Mexico and a realignment in Brazil.Mark Parker, the company's president ...
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Rebound for Nike in Western Europe, realignment in Brazil
Western Europe was one of the best regions for Nike during the third quarter, with a sales increase of 21 percent in local currencies and growth across all product categories. The sportswear, women's training and running categories all produced double-digit sales expansion. In reported terms, the Nike brand's sales in ...
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Pierre Agnes becomes chief executive at Quiksilver
Pierre Agnes, who has climbed the executive ladder at Quiksilver in Europe and then globally for the last 27 years, became the company's chief executive last week. The Frenchman replaces Andy Mooney, who has left the company after just over two years that were marked by wide-ranging restructuring measures.While the company ...
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Quarterly loss for Quiksilver
Quiksilver continued to cut costs in the three months until the end of January but that didn't suffice to make the company profitable as its sales declined and the profit margin was hurt by currency exchange rates. The company described the situation as the start of a turnaround, indicating that ...
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Globe performs relatively well
Like other action sports companies, Globe International performed relatively well in the first half of its financial year, ended Dec. 31. Its sales grew by 28 percent to 66.2 million Australian dollars (€47.6m-$52.1m) with a currency-neutral increase of 27 percent. Operating earnings before amortization (Ebitda) rose by 17 percent to ...
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Rip Curl may be worth six times Ebitda
A share buyback approved by Rip Curl's board of directors indicates that the company's market value is currently estimated at 310 million Australian dollars (€220.2m-$239.4m). As reported by The Australian, the current valuation is lower than the A$400 million price tag placed on the surfwear company two years ago with ...
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Head is going private
Head is getting ready to go private. Head NV and its HTM Sport subsidiary have announced that shareholders will be asked to convert the legal form of the company into that of a private limited liability company by approving one of several resolutions at the annual meeting in Amsterdam on ...
