Latest Headlines – Page 314
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Europe drags down Wolverine’s growth
Reporting an increase of only 0.8 percent in its total sales to $312.7 million for the second quarter ended June 16, Wolverine Worldwide blamed especially the macroeconomic uncertainty in Europe. In Canada as well as in the Europe, Middle East and Africa region, the group's sales fell by a low-middle ...
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Pentland and some of its brands grow strongly
Pentland Group has reported strong overall results for the year ended last Dec. 31. Total revenues went up by 17 percent to £1.523 billion (€1.920bn-$2.359bn). Pre-tax profit rose by 17.5 percent to £114 million (€143.7m-$176.5m). The bottom line improved in spite of an 8.2 percent decline in operating profits to ...
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Tecnica Group up by 3%
The Tecnica Group recorded a 3 percent increase in total sales to €394 million last year, generating a rather stable operating profit of around €35 million before amortization (Ebitda). Due to high amortization and financial charges, the group just about broke even for the year, recovering from a small loss ...
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New investments for Décathlon for Italy and Northern Europe
After eight years of negotiations, the municipality of Brugherio, a town north Milan, has rejected the €35 million project of a new national office and a sports park for Décathlon Italia, which would have created 250 employees. The company is not giving up this project, however. It is making similar ...
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EU Parliament rejects ACTA anti-piracy pact
The European Parliament voted on July 4 to reject the Anti-Counterfeiting Trade Agreement (ACTA), which therefore cannot become law in the European Union. A total of 478 members of the European body voted against the deal, with 39 in favor and 165 abstentions. The guidelines of the treaty were meant ...
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Brazil extends anti-dumping measures to Chinese components
The Brazilian government announced on July 4 the introduction of an extra duty of 182 percent on imports of soles, uppers and other footwear components originating in China, adding that it was acting with the approval of the World Trade Organization. The new measure was its response to various claims ...
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Sport England celebrates Olympic legacy funding
A total of 377 community sports groups in England will profit from almost £20 million (€25.5m-$31.5m) of “Olympic legacy funding” in the context of the Olympic Games starting in London next week. The funds are designed to breathe new life into existing sports facilities. Grants are offered to convert some ...
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Assosport reports on higher exports from Italy, new initiatives
Figures published by the Italian sporting goods industry association, Assosport, indicate that Italy's exports of sporting goods increased by 9.5 percent in 2011 compared with 2010. They rose by an additional 5 percent in the first quarter of 2012. The best performances came from the rest of Europe, with France, ...
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New outdoor market research project starts with Sweden
The OutDoor fair in Friedrichshafen saw the launch of a new outdoor market research project by EDM Publications, publisher of SGI Europe and the Outdoor Industry Compass. It is expected to provide unprecedented details and insights into the scope, the dynamics and the most interesting players in up 23 outdoor ...
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B&B rocks Berlin, highlighting vintage sports fashion
“The Rock” was chosen to be the theme of this year's summer edition of the Bread & Butter show to encourage the impression of the show as a rock, standing firm against economic and financial difficulties. Certainly, even this well-organized and popular trade show failed to go ahead as usual ...
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Nike's sales rise but profit dips
The Nike group has provisioned $24 million in charges to restructure the Nike brand's operations in Western Europe, which have been lagging behind other regions in terms of growth in the last quarters. The charges contributed to a drop of 8 percent in the company's profit for the fourth quarter ...
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Nike’s record year was marred by higher costs and Chinese worries
The quarter capped a fiscal year in which the Nike group chalked up sales of $24,128 million. This was an increase of 16 percent in dollars and 14 percent in constant currencies. The company reiterated its target to reach sales between $28 and $30 billion by the end of the ...
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Widening losses for Cole Haan and Umbro
While discussing its performance for the quarter, Nike provided unprecedented details on Cole Haan and Umbro, the two brands it wants to divest. They jointly reached sales of $797 million for the quarter, which was an increase of 7 percent. However, the two brands jointly suffered a loss of $43 ...
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Analysis: The global athletic shoe market 2011
Despite the collapse of the toning footwear category, global sales of branded athletic footwear jumped by 13.2 percent in terms of dollars to $41,655 million in 2011, driven by significant gains in emerging markets but also aided by robust growth in more developed markets. The growth rate was almost the ...
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Nike and Adidas boast record football sales
The triumph of the Three-striped Spanish team against the Puma-clad Italians in the final of the European football championship in Kiev last night marked a victory for Adidas in the marketing battle among the leading football brands, but the eventful tournament enabled all of them to score in one way ...
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Halti gets new major shareholder
Ingman Group, a Finnish family-owned investment company, has taken over a majority stake in Halti, the Finnish ski and outdoor apparel brand. Ingman acquired the shares held since 2004 by another capital investment firm, 3i, which was the largest stake in Halti but still made up just under half of its ...
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XXL expands and opens talks in Finland
XXL, the large-scale Norwegian sports retailer, has started talks with real estate owners in the Finnish market, as it prepares to move into its third Nordic market. Since it launched its megastore format 11 years ago, XXL has shaken up the Norwegian market and caused upheavals in Sweden with five ...
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G-Max guzzles Gresvig capital
The market situation in Norway has put financial strains on Gresvig, the buying group behind the G-Sport and Intersport chains in the country, which ended last year with a pre-tax loss of 207 million Norwegian kroner (€27.5m-$34.3m). The company said it suffered from depressed margins due to the warm winter ...
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Twinner joins European purchasing organization
Twinner International, a buying group for French, Spanish and Belgian sports retailers, has joined the purchasing organization set up in May by Go Sport, a French integrated retail group, and Hervis Sport from Austria. Twinner said that the agreement would enable it to lean on the group, called Sport Trade Marketing International ...
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Zumiez acquires Blue Tomato
Blue Tomato of Austria, the leading web-based retailer for board sports products in Europe, will be taken over by Zumiez, the biggest American action sports retailer, which shares a similar culture and targets a similar type of customer. The only major difference is that e-commerce and snowboards take up a ...
