Latest Headlines – Page 279
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Reebok changes logo, returns to growth
Reebok has unveiled its new brand logo, the Reebok Delta symbol, which is meant to seal its transformation into a fitness brand for amateur athletes. Through the millennia the delta has been a symbol of change and transformation, the Adidas Group says, and the new Reebok Delta symbol is meant ...
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Retail is an engine of growth for Adidas
Adidas introduced a new retail format at its largest store in the world at the beginning of this year, the Adidas Brand Center in Beijing, which measures 3,170 square meters. Called HomeCourt, it can be described as an unique interactive retail experience.The heart of the new retail concept is the ...
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Adidas and Nike launch new football boots
Adidas and Nike have both launched new and innovative football boots based in the run-up to the Fifa World Cup in Brazil. Both products are based on the new knitting technology that they have already applied to their lines of running shoes, raising a dispute between them about intellectual property ...
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Quiksilver seeks new ways to expand
Quiksilver is exploring new ways to grow by combining the expertise collected by its remaining brands and its managers in different fields under the leadership of Andy Mooney, the former executive of Nike and Disney who became the group's president and chief executive in January of last year.For example, it ...
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Quiksilver shows some improvements
Quiksilver Inc., the parent of Quiksilver, Roxy and DC Shoes, reported revenues of $393 million in the first quarter ended Jan. 31, down 4.6 percent in dollars and 2 percent in constant currencies versus the first quarter of fiscal 2013. Net losses from continuing operations declined to $22 million from ...
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Head’s results improve
Head reported a net profit of €5,296,000 for its 2013 financial year, more than double the level of €2,506,000 attained in 2012, as the group's net revenues grew by 4.5 percent to €358.7 million. In terms of local currencies, revenues were up by 7.4 percent.The gross margin of the group ...
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Dorel’s bike segment is in the red
Dorel Industries reported that its recreational/leisure segment, which includes Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and Sugoi, posted an increase of 8.3 percent in fourth-quarter revenues to US$245.4 million, but excluding Caloi's acquisition in Brazil, the organic sales increase was limited to 1 percent in the quarter.Restructuring costs and difficult ...
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BD moves to a functional-centric model in Europe
Olav Nietzer will run the European operations of the Black Diamond Equipment brand from next June 1, acting in the new position of brand and sales director in Europe. He will gradually take over some of the functions of Christian Jaeggi, who set up the brand's European operations in Basel, ...
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Jarden has a new management structure
Jarden Corporation has announced an expansion of its executive leadership team to support the company's ongoing growth. In 2013 Jarden posted a record performance with revenues of around $8 billion, marking the achievement of the long-term financial goals it had set in 2010.Ian G. H. Ashken, currently vice-chairman and chief ...
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New owner for Bench
Emeram Capital Partners, the Munich-based private equity firm that bought Boards & More recently (SGI Europe no. 24-38+39 of last Dec. 9), is set to acquire Americana International, the U.K. company that owns the Bench and Hooch brands of sportswear, from another fund, HG Capital, at an undisclosed price.HG had ...
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Sports Direct wants the leadership in Ireland
Sports Direct International, which is already the largest sporting goods retailer in the U.K., is making a bid to possibly become also the biggest one in the Republic of Ireland through the takeover of Elverys, which is believed to be the second-largest player in the market after Lifestyle Sports, in ...
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Double-digit gains in sales and profits at Sports Direct
Sales grew by 11.2 percent to £655.4 million (€795.8m-$1,093.7m) at Sports Direct International for the 13-week period ended last Jan. 26, according to an interim statement, driven in particular by higher sales in the Premium Lifestyle and Brands divisions. Higher margins in Sports Retail helped the group to book a ...
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XXL gets the leadership in Norway
The year 2013 was a relatively strong one for the sporting goods market in Norway according to the latest figures compiled by Sportsbransjen, the country's sporting goods industry association. Compared with 2012, retail sales increased by 3.4 percent, largely driven by cycling and ski sales, and industry experts are also ...
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Go Sport continues to report losses
The new management of the Go Sport Group, installed last Oct. 7 under the chairmanship of Jean-Paul Onillon, wants to work more closely with the international brands to give a new impetus to its generalist Go Sport chain in France, partly through promotions online and offline. It wants to optimize ...
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Zalando’s margins are less negative
Without confirming the growing rumors about its possible introduction on the stock exchange, Zalando has given rather detailed figures about its financial performance in 2013. Europe's largest online retailer of fashion products reported a few days ago that it grew by 52 percent last year to around €1.76 billion. Following ...
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Puma’s sales should stabilize this year
Puma's sales and profit margins continued to slide in the fourth quarter of last year, but the company's management predicts that sales will stabilize this year, on the back of a strategic overhaul and large-scale marketing investments.The company's turnover fell by 13.2 percent to €698.3 million for the quarter, which ...
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Puma rebels
As Bjørn Gulden introduced the figures to reporters in Herzogenaurach earlier this month, he started by showing the medals table of the Sochi Olympics. The Norwegian chief executive was delighted that his country was number one at that point – only to add that the same could not be said ...
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Easton-Bell sells its baseball business to Bauer
Bauer Performance Sports has agreed to pay $330 million, or a multiple of nine times adjusted earnings before amortization (Ebitda) for the baseball and softball operations of Easton-Bell and the Easton brand name. The acquisition turns the Canadian hockey and lacrosse specialist into the world's biggest supplier of team sports ...
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Briko invests in product and people
After a relatively lackluster year of transition, Briko reports an increase of up to 50 percent in autumn/winter 2014/15 orders for some of its lines following major investments in product development. They have led the Italian producer to win two Ispo Awards for its Lava goggle, which features an iconic ...
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Accell’s sales are boosted by e-bikes and North America
In reporting its financial results for the past year, René Takens, chief executive of Accell Group, indicated that it may use the €20 million earned from last month's sale of Hercules to ZEG for other acquisitions. it will actively seek potential acquisitions that are a good fit with its profile ...
