Latest Headlines – Page 276
-
Article
Merrell and Europe outperform at Wolverine
Wolverine Worldwide reported yesterday a 2.8 percent drop in its revenues to $627.6 million for the first quarter of its financial year, ended on March 22. However, the management told financial analysts that Merrell grew by a “very strong” double digit during the period, and that the group's overall sales ...
-
Article
Sales are off by 11.4% for Lafuma
The Lafuma Group reports a 12.6 percent decline in its total revenues to €53.8 million for the firstg quarter ended March 31, with a drop of 11.4 percent in constant currencies. While sales of camping furniture increased by 3.2 percent to €15.2 million, the newly merged Mountain & Outdoor segment ...
-
Article
Higher exports and lower losses for Vulcabras
As we have said before, the devaluation of the real is allowing Brazilian companies to be more competitive abroad. One example is Vulcabras Azaleia, which reported higher exports last year, especially in the fourth quarter, allowing the company to reduce its losses. For the company, which owns the Azaleia, Dijean ...
-
Article
Adidas achieves eco-friendly goals earlier
Adidas has just published its 2013 Sustainability Progress Report, where it announces that all the Sport Performance footwear newly created for 2013 used sustainable components such as environmentally-friendly materials. The report is an annual overview of the company's achievements in the sustainability domain and an update on Adidas' 2015 sustainability ...
-
Article
Yue Yuen faces strikes and lower margins
Yue Yuen Industrial Holdings, the world's largest footwear manufacturer, is being hit by a growing spiral of strikes at its factories in Guangdong province by thousands of workers and their rising demands for better social benefits and higher wages. The company is one of the major suppliers of Adidas, Nike ...
-
Article
Analysis: The sports equipment market 2013
The global branded sports hardware market grew by only 2.9 percent in dollar terms last year at the wholesale level, reaching $67.3 billion, breaking a three-year-old acceleration, according to an annual survey of major players by Sporting Goods Intelligence. The sports equipment market had risen by 6.6 percent in 2012, ...
-
Article
Athletic shoes outperform sports clothing in Europe
Like in 2012, sales of sports shoes performed better in Europe than those of sports and leisure apparel last year. According to NPD's online consumer panel, the consumption of athletic footwear grew by 2.9 percent to €9.4 billion in 2013 in the five major European markets last year. It increased ...
-
Article
China overtook Japan in 2012 as the #2 market
NPD is also preparing the ninth edition of its annual estimate of the size and growth of the global sports market. It has agreed to share with us the highlights of its eight edition, which covered the market in 2012 and showed that China overtook for the first time Japan ...
-
Article
Décathlon’s growth slows down
Oxylane, the French group that owns Décathlon and a few other minor sports retail operations, has reported a 6.1 percent increase in its total revenues to €7.4 billion, slightly below the previous year's growth of 7.2 percent, although it opened more new stores than in the previous year. On a ...
-
Article
Mike Ashley loses Elverys bid
Apparently, Mike Ashley's Sports Direct International has lost the battle for the ownership of Elverys Sports, the second-largest sporting goods retailer in Ireland after Lifestyle Sports. The examiner appointed by the High Court to review the various takeover proposals, Simon Coyle, named the management team as the preferred new investor ...
-
Article
Ashley sells SDI shares
Meanwhile, Ashley has continued with his wheeling and dealing in the U.K. retail market, acquiring an 11 percent stake in House of Fraser, one of the major British department store chains, from Sir Tom Hunter, the founder of the former Sports Division chain. He did so just before a Chinese ...
-
Article
Sport outperforms fashion at JD
JD Sports Fashion's operating income before extraordinary items rose by 27.5 percent to £78.2 million (€95.25m-$131.46m) in the financial year ended last Feb. 1, but while the positive contribution from its Sport segment increased by 20 percent to £93.4 million (€113.76m-$157.02m), its Fashion segment suffered an operating loss of £6.4 million ...
-
Article
Intersport opens in central Paris
Intersport inaugurated its first store inside Paris a few days ago. With 1,800 square meters on three floors facing the high-traffic rue de Rivoli, near the Louvre Museum, it occupies the premises of Adidas' former flagship store in the city. It features a new shopfit that may be replicated in ...
-
Article
Go Sport continues to decline
Groupe Go Sport continued to suffer sales declines in France in the first quarter of 2014, but its stores in Poland performed well and its international franchising program progressed during the period, adding three new Go Sport stores in Jordan, Egypt and Abu Dhabi and the first one in Oman.In ...
-
Article
New structures at Intersport Austria
As planned and leaked before, Gabriele Fenninger is to step down from her position as managing director of Intersport Austria. She will retire after 35 years with the buying group. She has been acting most recently as the managing director of the Austrian retail group, which changed its legal status ...
-
Article
XXL enters Finland
EQT, the Scandinavian equity fund that acquired a controlling stake of 70 percent in XXL Sport & Villmark in 2010, is said to be considering cashing out of the Norwegian sporting goods retail chain, which has successfully expanded to Sweden under its ownership, with excellent results. It is now moving ...
-
Article
Positive results for Stadium
The growing competition in the Swedish sporting goods market does not seem to be hurting excessively Stadium, the biggest sporting goods retailer in the country, partly because of its unique positioning as a sports fashion retailer in the market rather than as a supplier of sports performance products. According to ...
-
Article
VF reshuffles its management
VF Corporation has made several changes to the management structure of its Outdoor & Action Sports Coalition in Europe and the U.S. to cope with its growing size, and possibly to accommodate new acquisitions.In Europe, it announced a few days ago the appointment of Mariano Alonso, a former executive of ...
-
Article
Active Brands acquires Sweet Protection
Active Brands has reinforced its position as the “brand house” of the Norwegian sporting goods industry with its takeover of Sweet Protection, an award-winning company that has been developing helmets and other protective equipment as well as technical clothing for skiing, snowboarding and whitewater kayaking since 2000. It recently launched ...
-
Article
Dainese focuses more on sports
Commenting on recent reports that it is looking for an equity injection by an institutional investor, an executive of Dainese says that it is rather interested in working with a strategic investor that can help use its vast technical know-how to diversify into other sectors. Stressing that the company is ...
