Latest Headlines – Page 322
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SportScheck zeroes in on Germany after good results
According to preliminary figures, Germany's leading sporting goods chain managed to increase its overall sales by 6 percent during its 2011-12 financial year which ended Feb. 29. Altogether, SportScheck reached a turnover of €408 million. This indicates that this subsidiary of Otto Group made a difference to the general German ...
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Intersport’s reorganization in Sweden has been delayed
Intersport Sverige recently called a meeting with suppliers at its headquarters in Gothenburg to discuss with them its recent decision to cancel a controversial plan to change its ownership structure. Under that plan, the national Intersport organization would have bought a 91 percent stake in each of the affiliated stores, ...
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Intres’ members back Dutch sports retail tie-up
The members of Intres, the Dutch buying group that runs the Intersport banner in the Netherlands, have approved its merger with Euretco, the licensee of Sport 2000 in the country, at an assembly held to discuss the deal earlier this month. Sport Partner reports that the works councils of both ...
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Good results for Intersport Austria
We recently obtained some other figures for the results of Intersport Austria in its latest financial year, which ended Aug. 31: The company's net revenues increased to €239.1 million as compared to €218.8 million in the previous financial year, although its pre-tax profit declined to €2.2 million from €2.4 million.Driven ...
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Strong increases for Dorel’s bikes
Dorel Industries reported a sales increase of 11.2 percent in 2011 to $861.8 million for its recreational & leisure segment, which includes brands such as Cannondale, Schwinn and GT. Driven by new products, sales to independent bike dealers grew by more than 25 percent, with most of the growth taking ...
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Sports sandals are off at Yue Yuen
Yue Yuen's total revenues rose by 12.7 percent to US$1.91 billion in its first quarter, ended Dec. 31. Sales of athletic footwear increased by 14.3 percent to $1,033.5 million, while casual and outdoor shoes were up by 16.8 percent to $324.6 million, and sports sandals were down by 38.4 percent ...
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On the eve of its possible IPO, Sanfo gives promising figures
Sanfo, China's leading specialty outdoor retailer, managed to raise its total sales by 55 percent to well above $32.5 million in 2011, but its owner, Heng Zhang, feels that this kind of growth was natural in market like the Chinese one. He told The Outdoor Industry Compass in Beijing that ...
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Two French buying groups move toward a merger
Twinner France, a buying group with some 200 affiliated stores, has acquired a controlling stake in another French cooperative, Les Pros du Sport, which counts 350 doors. Les Pros du Sport becomes a subsidiary of Twinner, and the idea is to reach complete integration within the next three years, with ...
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Go Sport plans capital increase
The third-largest French sporting goods retailer after Décathlon and Intersport is planning to launch an equity increase of about €30 million during the second quarter of 2012 to pay back part of its debt and to finance the renovation of some of its stores. The board of directors of Groupe ...
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JJB sees some improvement
JJB Sports, the embattled British sports retailer, indicated in a trading update that its performance partly improved in the last five weeks of its fiscal year, ended on Jan. 29, as its gross cash margin jumped by 32.1 percent in that period, although sales decreased by 5.7 percent on a ...
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First decline in eight years for the Norwegian sporting goods market
After eight years of steady growth, the Norwegian sporting goods market has recorded a decline in sales. In 2011, turnover was approximately NOK 11.5 billion (€1.5bn-$2.1bn) at retail, a small decline of 0.2 percent compared with 2010. Still, the market has grown by over 60 percent since 2004. The weather ...
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Warrior is serious about football
Warrior Sports, the team sports subsidiary of New Balance, is currently showing its first range of football products to its distributors, due to be introduced in Europe and other parts of the world in the spring of 2013. As in the two other team sports where Warrior has achieved an ...
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Admiral is making a special comeback
This British football brand, which is going to be 100 years old in 2014, is much more widely known than Warrior Sports, although it has not been selling well lately. In contrast to Warrior, which is new and targeting a specific market niche, Admiral's new British owners have concluded that ...
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Flat sales and lower earnings at Head
Head posted net profit of only €338,000 for 2011, down from €7,324,000 in the previous year, and the operating margin fell to 4.1 percent from 7.5 percent. The group's total revenues declined by 1.3 percent to €339.1 million in the course of 2011, but they were broadly flat in constant ...
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Accell pedals ahead with e-bikes and acquisitions
Electric bicycles and several acquisitions propelled the sales of the Accell Group last year, up by 9 percent to €628.5 million. The Dutch bicycle and fitness company, which owns a spate of brands from Batavus to Sparta, Koga, Lapierre, Winora, Ghost and many more, indicated that its organic growth reached ...
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K-Swiss plans big cuts
K-Swiss' management intends to cut selling and administrative expenses to between $110 million and $112 million this year from the $175.7 million spent in 2011 to help erase the company's net losses, which rose to $70.5 million in 2011 from the 2010 level of $68.2 million.The company expects to have ...
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Booming sales for Deckers’ brands
Sales surged by 40.4 percent to $603.9 million in the fourth quarter ended Dec. 31 at Deckers Outdoor Corporation, driven by increases of 37.7 percent for Ugg and 45.9 percent for Teva. They rose by 21.0 percent in the U.S., but outside the U.S., they soared by 178.6 percent to ...
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Fast-growing Anta slows down its retail expansion
Anta Sports, the Chinese sports brand, lifted its sales by 20.2 percent to 8,904.8 million renminbi (€1,051.4m-$1,411.8m) last year, outperforming the Chinese market. Yet the company emphasized that the country's sports industry was under pressure, with over-capacity and increasing discounts, which called for a more cautious approach in retail expansion.Anta ...
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China Dongxiang warns on sales and profits
China Dongxiang, which owns Phenix and the rights to the Kappa brand for China and Macau, issued another profit warning last week. The company indicates that its reported sales for 2011 should show a decline of about 36 percent compared with the previous year, and the profit margin attributable to ...
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Big success for Ispo Beijing
More companies have signaled their intention to participate in next year's edition of Ispo Beijing as its four-day session last week ended up with big increases not only in terms of exhibitors, but also in attendance. No less than 24,500 visitors (daily visits) came to the China National Convention Center, ...
