Latest Headlines – Page 267
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Rip Curl rides a more profitable wave
The Australian company, the only major player in the international surf market to have remained private, has reported a 7.8 percent increase in total revenues to 429.6 million Australian dollars (€296.2m-$374.8m) for the financial year ended last June 30. Earnings before interest, taxation, depreciation and amortization (Ebitda) rose by 35 ...
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Worrisome trends in women’s boardsports
We have already published the general NPD figures given by the European Surf Industry Manufacturers' Association (Eurosima) for the global boardsports market. In contrast with other categories such as running, hiking, fitness and cycling, this market was relatively stable last year at €46.3 billion at retail level, including the lifestyle ...
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Hugelmeyer leaves the helm of the OIA
Frank Hugelmeyer, who has brilliantly led and developed the Outdoor Industry Association (OIA) for 14 years, announced on Sept. 30 his decision to step down as president and chief executive of the powerful American organization.Hugelmeyer's resignation became effective on Oct. 3. The association said it would immediately work to identify ...
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European consumption of sporting goods falls by 0.9%
The consumption of sporting goods declined by 0.9 percent in 2013 in Western Europe in terms of local currencies, based on our annual, exclusive analysis of the evolution of sports retailing in 15 major countries. In terms of euros, it declined by 1.7 percent to €54.0 billion including sales taxes.Unseasonable ...
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XXL goes public
XXL ASA, the Norwegian company behind the fast-growing XXL retail chain, started the roadshow and the book-building process today for an initial public offering due to commence with a listing on the Oslo stock exchange on or around Oct. 8. The price being sought for the shares is 45 to ...
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Turnaround for Cisalfa
The return of the founder, Vincenzo Mancini, has had a beneficial effect on Cisalfa Sport, the leading Italian sporting goods retailing group, which has started to generate profits again while improving its sales in spite of strong competition from Décathlon in a declining market.Mancini had pulled out of the management ...
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JD performs better than expected
JD Sports Fashion's valuation on the London Stock Exchange rose by 7 percent after the U.K.-based retailer reported a 170 percent increase in pre-tax earnings to £16,454,000 (€21.0m-$26.9m) for the six months ended Aug. 2 and indicated that it has a lot of potential to continue to grow in the ...
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Margins decline at Sports Direct
Sports Direct International has reported a 12.2 percent increase in group revenues for the 13 weeks ended July 27 to £711.2 million (€904.31m-$1,164.61m). The gross profit rose by 11.8 percent at group level at a slower rate of 11.8 percent, reaching £301.2 million (€383.01m-$493.28m). Operating results were not given for ...
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SDI's Austrian staff presents wish list to new owners
The management of the Austrian branch of Sports Direct International, formerly known as Sport Eybl & Sports Experts (EAG), is facing criticism from its staff. They complain in particular about a lack of information about the future strategy of the Austrian operation, which SDI took over gradually between June 2013 ...
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Alibaba gets a high valuation
The giant Chinese internet marketplace, which occupies a strong position in the domestic sporting goods market through TMall and other websites, made a triumphant listing on the New York Stock Exchange last Friday. From an initial pricing of $68, Alibaba Group Holding's share shot up to $99.70 and then ...
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Profitable Zalando prepares its IPO
Both Zalando and one of its initial shareholders, Rocket Internet, are poised to announce their entry on the Frankfurt stock exchange. Zalando began to offer new shares to institutional investors yesterday, coinciding with the start of a roadshow for potential investors across Europe and the U.S.. The company is set ...
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Rocket Internet launches a new Global Fashion Group
Rocket Internet, which is also based in Berlin, is set to be listed on the Entry Standard of the Frankfurt Stock Exchange before the end of this year. Reportedly, the company is planning to float initially between 10 and 15 percent of the capital, seeking a valuation of around €5 ...
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Timberland eyes 13% growth annually
Timberland laid out a five-year development plan last weel that calls for a compound annual growth rate (CAGR) of 13 percent for the brand, acquired by VF Corp. three years ago, with increases of 12 percent for footwear and 14 percent for apparel. At this rate, Timberland's annual revenues would ...
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Lafuma moves into the black
The Swiss Calida group, which has gradually taken over 59.9 percent of the shares in the Lafuma Group, has managed to turn it around after many years of losses, following a major reorganization which is now largely completed. Lafuma reached an operating profit of €1.5 billion for the first six ...
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Adidas reacts to new negative reports
Creating a new position, Adidas has promoted its creative director, Paul Gaudio, to head of global design and moved him from Herzogenaurach to the company's U.S. office in Portland, Oregon. Gaudio is American and has worked for the group as strategic director of the sport performance division and as general ...
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Kipstadium will be Kipsta’s new headquarters
In March 2015, Décathlon will open a new laboratory for team sports near the cities of Tourcoing, Roubaix and Wattrelos, in the northeast of France. Kipsta, the team sports brand of Oxylane, the French group that owns Décathlon, will leave the group's headquarters in Villeneuve d'Ascq, near Lille, also in ...
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Macron continues to grow across Europe
The Italian producer of team sports apparel based in Crespellano, near Bologna, has recently signed a series of new partnership deals with prestigious football clubs in Europe. On Aug. 26, Macron announced a new five-year agreement with Norwegian Tippeliga football club FK Haugesund, starting in 2015. Macron will be FK ...
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Lululemon wants 20 stores in Europe
Lululemon said wants to open 20 stores in Europe and 20 in Asia by the end of 2017. Its second store in London is opening in December this year. Prior to the retail roll-out, the Canadian apparel brand is setting up an international network of showrooms. It will continue to ...
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Stella posts some gains
Stella International has reported a 3 percent increase in net income to 52,378,000 yuan renmimbi (€6.47m-$8.53m) for the six months ended on June 30. Shoe deliveries declined slightly to 23.7 million pairs from 23.8 million pairs in the same period a year ago, but average selling prices rose by 5.6 percent ...
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Karstadt’s future is uncertain
The management of Karstadt is going to review the details of a program intended to eliminate the losses of its 83 regular department stores, discussing it with its employees and their union representatives, until the next meeting of its new supervisory board on Oct. 23. Like other department store operators, ...
