Latest Headlines – Page 274
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Alpargatas expands in Europe and into apparel
According to Alpargatas Europe, sporting goods stores represent around 35 percent of its Havaians business in the continent and the ratio is growing thanks to stengthened relations with retailers and buying groups, especially in Germany.Alpargatas has taken over the distribution of its products in the German-speaking and Benelux countries, starting ...
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England Golf invests to encourage youth golf
England Golf has invested £87,900 (€108,563-$147,971) to encourage youngsters to get into golf and the investment has paid off. Almost 16,000 boys and girls received golf coaching in the year to the end of March. Of those, around 2,000 youngsters have gone on to become junior members of golf clubs.Almost a quarter ...
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An improved OutDoor show is on the agenda
Messe Friedrichshafen has opened online registrations for the 21st session of the OutDoor fair, scheduled for July 10-13, which will feature a number of improvements in the back office and on the show floor.The biggest visible changes will take place in Hall A2. Called the Hall of Visions, it ...
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Asia Outdoor will have a Running Village
Asics, Odlo, Salomon, X-Bionic and Skins will be among the international brands that will present their products in a new “Running Village” at the ninth edition of the Asia Outdoor trade show in Nanjing on July 23-26. The new initiative will be accompanied by various running-related events.Aside from a “Night ...
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Tough start of the year for the Big a
Adidas Group's financial results for the first quarter reflect the challenging start of the year that its management had already warned investors about. However, Herbert Hainer, the group's chief executive, noted “many positive underlying trends” that should lead to an acceleration of its performance for the remainder of 2014.Currency headwinds ...
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Adidas may sell Rockport
The Adidas Group has mandated an investment bank, Guggenheim Partners, to review proposals for the acquisition of Rockport, following an increasing number of inquiries by potential investors in the past few months. The candidates are said to be other shoe companies as well as private equity firms.Adidas bought the Massachusetts-based ...
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Adidas relocates more managers
The executive board of the Adidas Group has decided to have more rotation among its managers between the head office and the markets, among the markets themselves and among its different brands upon the recommendation of Roland Auschel and Eric Liedtke, the board members responsible for global sales and global ...
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Encouraging signs for Puma & Co.
Ahead of Puma's release of its financial results for the first quarter, which is scheduled for next Wednesday, its parent company, Kering, indicates that its sales were broadly stable in the first quarter, both at wholesale and at retail, with an overall decline of 0.4 percent in constant currencies, although ...
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Asics improves strongly, not just in yen
Asics Corporation reports a sales increase of 26.6 percent to 329.5 billion yen (€2,351.86m-$3,236.26m) for the financial year ended March 31. Sales rose by 6.7 percent in the domestic Japanese market, reaching ¥100.3 billion (€715.91m-$985.12m). They grew by 37.9 percent to ¥229.1 billion (€1,635.24m-$2,250.16m) in the rest of the world, due in ...
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A strong quarter for Callaway
Quoting information from Golf Datatech while commenting on its first-quarter results, the management of Callaway Golf informed financial analysts that it improved its market shares in golf equipment by 5.1 percentage points to 19.3 percent in the U.S., by 6.5 percentage points to 17.8 percent in the U.K. and by ...
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Acushnet plans an IPO
Fila Korea plans to raise its stake in Alexandria Holdings, which controls Acushnet, from 47.9 percent at the end of last year to 59.7 percent in 2016. As Acushnet is looking at a possible stock market listing in 2016 or thereafter, Fila Korea's stake would decline to about one-third after ...
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Yuen Yuen strike settles down
The latest, sketchy reports from the area indicate that the dust is settling on the bitter labor dispute that led thousands of workers to go on a huge strike for more than ten days last month at a couple of factories run by Yuen Yuen, the world's largest shoe manufacturer, ...
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SDI gains full control over Eybl
Sports Direct International (SDI), the big U.K.-based sporting goods retailer and wholesaler, now owns 100 percent of the shares of Sport Eybl & Sports Experts, the troubled Austrian sporting goods retailing group. It acquired a majority stake of 51 percent last summer, while the founding Eybl family retained the remaining ...
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Sports Direct improves results
In a preliminary report, Sports Direct International has announced that its sales went up by 10.3 percent in the nine weeks ended March 30, reaching £360 million (€438.85m-$610.70m), while the group's gross profit rose at a higher rate of 11.5 percent to £147.0 million (€179.19m-$249.37m), delivering a gross margin of ...
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Good figures from Basicnet
The aggregate revenues of Basicnet and its licensees improved by 4.15 percent to €116.5 million in the first quarter of 2014, driven by increases of 43 percent for K-Way and 34 percent for Superga.Including the revenues from other brands such as Kappa and Robe di Kappa, they remained virtually stable ...
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Strong growth for Under Armour
The growth in Under Armour's sales accelerated to 36.0 percent in the first quarter of this year, with increases of 33 percent in apparel, 41 percent in footwear, 43 percent in accessories and 79 percent in the company's international business. However, the company's revenues outside the U.S. remained relatively marginal ...
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Skechers' momentum goes on
Skechers USA lifted its sales by 21 percent to $546.5 million in the first quarter, with double-digit growth in Europe, Canada, China and other parts of the world. The gross margin improved to 44.0 percent of sales from 42.7 percent a year ago. Operating earnings jumped to $48.2 million, or ...
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New managers for Billabong
Billabong International has appointed a global chief operating officer, Jeff Streader, who will directly report to the group's chief executive, Neil Fiske. One of his tasks is to improve the supply chain, one of the seven strategic areas that Billabong has earmarked in its turnaround program. He will also oversee ...
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Globe will distribute Sweet Skateboards in Europe
Adopting a business model that it has already been using in Australia and North America, Globe International is taking on the distribution of a third-party brand for the first time in Europe. It has agreed to handle the sales of Sweet Skateboards in selected markets, starting with the autumn 2014 ...
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Head halves its quarterly loss
Head raised its overall revenues by 3.5 percent in the first quarter, but translated into euros, the increase amounted to only 1.6 percent. Higher sales of winter sports products were partly offset by declines in all other segments except sportswear, where sales remained stable.The 9.8 percent sales increase experienced in ...
