Latest Headlines – Page 256
-
Article
Ecco aims to sell 50% directly to the consumer
After three years of controlled growth and investments in its production facilities, Ecco says it is changing to a “more expansive” strategy. It wants to do so notably by strengthening its women's collections and by investing heavily in direct-to-consumer distribution, which is set to represent 50 percent of sales by ...
-
Article
The U.K. government pushes women to do sports
Sport England, a public body under the U.K. Department for Culture, Media and Sport, has started to work on the promotion of sport in the country. It launched last month a nationwide campaign to this effect with a series of video spots under the title “This Girl Can.” Developed in ...
-
Article
International graduate management course is on course
EMLyon, the management school in Lyon, has reached a new record by enrolling more than 30 students from all over the world in its three-year-old master's degree course in sports industry management. After attending two sessions in Lyon and Annecy, they are set to move to a campus in Shanghai ...
-
Article
Adidas Group boasts robust underlying performance
The Adidas Group is eagerly turning the page on a year of ups and downs, when ample gains for the Adidas brand were marred by shrinking sales in its golf business and the weakness of the Russian ruble. A few weeks ago the group had already revealed headline figures for ...
-
Article
Buoyant quarterly sales for Adidas and Reebok marred by golf and ruble
The Adidas Group ended the year with vigorous sales increases for the Adidas and Reebok brands but its net loss widened for the quarter due to unfavorable exchange rates, higher input costs and several one-off charges.The company's sales were up by 6.5 percent to €3,610 million for the quarter, amounting ...
-
Article
Tecnica gets the blessing of its lenders
The Tecnica Group announced the successful completion of a new financing agreement with a pool of banks that have supported the company over the past years. The company will benefit from a new credit line of €175 million, including €110 million for its seasonal working capital requirements and a new ...
-
Article
Foot Locker makes strong progress
Foot Locker reported a 21 percent increase in net income to $520 million for the financial year ended last Jan. 31, representing a net margin of 7.3 percent on total sales of $7,151 million, which were up by 9.9 percent from the previous year. The net margin and the operating ...
-
Article
Zalando moves into the black for the year
Zalando made an annual operating profit at group level for the first time last year, and not only in Germany where it had already become profitable before.According to preliminary figures, the big German-based e-tailer booked an adjusted operating margin (Ebit) of 3.7 percent of sales, before extraordinary items, versus a ...
-
Article
Intersport improves in Russia, suffers in Finland
A triple whammy of warm weather, economic uncertainties and Russian tensions badly affected sporting goods sales in Finland last year, leading to a sales decline of about 7 percent for Intersport stores to €254 million excluding VAT. This includes sales at Intersport as well as Budget Sport and the smaller ...
-
Article
The Luhtanen family tackles strains in Finland and Russia
Supported by its family structure, the L-Fashion Group has built up a strong balance sheet that has allowed it to make some important strategic decisions and to weather the recent strains in the Finnish and Russian markets, which are most important for this big Finnish outdoor and winter sports apparel company.L-Fashion ...
-
Article
Electric bikes drive Accell’s expansion
Electric bikes again fueled sales growth last year at Accell Group, the Dutch bicycle company with brands from Batavus to Sparta, Raleigh and many more. Favorable weather conditions supported the group's performance, which was driven by its Dutch and German brands.Accell lifted its sales by 4 percent to €882.4 million, ...
-
Article
Turnaround underway at Billabong Europe
Billabong International saw the underlying sales of its continuing business decline slightly in all of its regional markets for the six months until the end of December but the end result was still much improved due to divestments and significant one-off charges last year.Billabong embarked on a turnaround strategy in ...
-
Article
More reforms and online investments at Billabong
Neil Fiske, chief executive of Billabong International, was encouraged that the group has returned to profit for the first time in three years, but he added that there were still significant operational reforms to be undertaken and he has started to implement a more varied distribution strategy, with strong investments ...
-
Article
New Eurochief for New Balance
New Balance has announced the promotion of Francis (Fran) Allen to the position of vice president in charge of the company's Europe, Middle East and Asia (EMEA) region, based at the company's new European head office in Warrington, England. He takes this position from Jonathan Ram, who is moving to ...
-
Article
Ashley unavailable for British MPs in March
Mike Ashley, the largest shareholder of Sports Direct International (SDI), has reportedly angered some British MPs by turning down the request of the Scottish Affairs Committee to appear before it in relation to job losses at a Scottish warehouse and zero-hour contracts at the sports retail group.Ashley's representatives wrote that ...
-
Article
United Brands becomes a performance sports retailer
United Brands, the Belgian sports retailer, estimates that its sales will increase by about 14 percent to more than €37.5 million for the full year until the end of April. The rise was chiefly driven by UB's two-year-old partnership with the Belgian national football team.The shift in the company's concept ...
-
Article
Basicnet improves strongly
In a preliminary statement, Basicnet reported a 12.9 percent increase in aggregate sales in terms of constant currencies in 2014. They reached €446 million including those of its licensees, with an 8 percent improvement in Europe and stronger growth in other parts of the world.Sales went up by 26.9 percent ...
-
Article
Umbro is making waves in Europe again
Umbro is apparently trying to reassert itself as a football brand in Europe, after Nike took away from it all its juiciest football licenses. The brand announced that it will replace Nike as the official supplier of the PSV Eindhoven football club in the Netherlands from the 2015-16 season and ...
-
Article
Sequential should continue to grow strongly
Sequential Brands is considering two or three other acquisitions this year as it continues to target $100 million in annual revenues from royalties, with an Ebitda margin of 70 percent, and $3.5 billion in retail revenues from its own brands. In addition to several fashion brands, its current portfolio includes ...
-
Article
Masita starts afresh with smaller range
Masita Sportswear, the Dutch team sports apparel company that was declared bankrupt earlier this year, has been acquired by one of its former owners. Kurt Molin partly owned the company for twelve years until 2012 and bought it again to rebuild reliable distribution in Europe with about half of the ...
