Latest Headlines – Page 342
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Accell’s sales rise on demand for electric and sports bikes
Accell Group, Europe's largest bicycle maker, said sales were higher in the opening months of 2011 compared with last year thanks to early summer temperatures. The Dutch company's sales were supported by growing demand for sports and electric bicycles, which compensated further decline for traditional bikes, and acquisitions.The use of bicycles for ...
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Accell buys into Derby
Derby Cycle increases its sales guidance for the full year ending on Sept. 30 to at least €220 million from a previous forecast of at least €200 million. This compares with a turnover of €173.2 million the previous year. The German bicycle manufacturer, which went public in February, maintained its ...
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Shimano cuts profit guidance after quake
Shimano maintained its 2011 sales guidance unchanged at ¥220 billion (€1.8bn-$2.7bn) despite the 8.9-magnitude earthquake that hit the country on March 11 and the subsequent nuclear disaster. However, it cut its forecast for net income to ¥20 billion (€166.2m-$244.0m) from ¥22 billion, while estimates for operating and ordinary income were ...
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K-swiss Is Struggling Overall, But Doing Well Outside The Usa
The company’s sales in the USA dropped by 21 percent to $81.7 million in the 3rd quarter, ended Sept. 30, but outside the country they jumped by 55 percent to $51.4 million. Total revenues were off by 2.6 percent to $133.1 million and net income slid by 0.5 percent to ...
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Npd Shows Average Prices Going Up In A Downward European Market
The consumption of sports footwear and clothing declined in the five major Western European markets in 2007, with low positive figures only France and Spain, according to NPD Group’s quarterly surveys. However, after many years of decline, fostered in part by the deflationary effect of the weakening dollar on merchandise ...
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Intersport’s global sales go up by 9%
Intersport International Corporation proudly announced today the big feat: Its affiliated retailers around the world broke the magic barrier of €10 billion in sales for the first time last year, raising their revenues after sales taxes by 9 percent to €10.1 billion and consolidating Intersport's position as the world's largest ...
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Buying groups grow in a flat French market
Retail sales of sporting goods rose in France by only 0.3 percent in 2010 to €9.14 billion, according to the countrey's association of sporting goods retailers, FPS, with the buying groups and shoe shops scoring best. Integrated sports retail chains such as Décathlon and Go Sport suffered a 0.5 percent ...
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Intersport gains market share in France
Intersport France increased sales by 7.2 percent in 2010 to €1.232 billion, including VAT and the results of the affiliated Belgian stores. Comparable store sales rose by 5.1 percent, indicating a better performance than its main competitors in the French market.During the year, the group opened 27 stores, bringing the ...
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Go Sport is down 2.3%
Groupe Go Sport booked a 2.3 percent decline in comparable store sales in the first quarter, with declines of 1.9 percent in France and 8.0 percent abroad, putting an end to the recovery in turnover that the French chain enjoyed in the second half of 2010. On an absolute basis, ...
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Intersport turns more capitalistic in Spain
The 99 retail members of Intersport España have unanimously decided to convert their cooperative into a limited liability company where they still have equal shares, called Intersport Holding Expansiòn. This company, which has an equity capital of €8 million, will own all the assets of Intersport España. It will also ...
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SportZone makes a big push in Spain
The big Portuguese shoe retailer opened its 32nd Spanish store in a new shopping mall in Coruña yesterday. It's one out of about 20 new SportZone stores that are going to be opened all over Spain this year. SportZone is also re-evaluating a former project to enter the Turkish sporting ...
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JD’s sports stores raise sales by 8.4%, but the outlook is dim
JD Sports Fashion is “extremely cautious” about the British retail environment after the country's value-added tax (VAT) was increased to 20.0 percent from 17.5 percent on Jan. 4, 2011. The VAT rise is taking place at a critical time when product costs, especially for imported goods, have become materially higher, ...
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SportScheck posts a 19.5% sales increase
SportScheck, Germany's largest specialty sporting goods retailer, reports the most successful fiscal year in its 65-year history. For the period from March 2010 through February 2011, sales were up by about 19.5 percent and reached €386 million after VAT. For the coming years, the management around Stefan Herzog, Jürgen Habermann ...
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Bigger groups lead 4.3% rise in global sports equipment sales
The global sports equipment market grew by 4.3 percent to $57.8 billion at wholesale in dollar terms in 2010, according to an annual evaluation of public and private companies's figures compiled by Sporting Goods Intelligence. It was a major turnaround after the 9.6 drop witnessed in 2009 and it was ...
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Easton-Bell speeds up in Europe
The Californian group of sports brands has created its own Action Sports unit for Europe and has appointed Paul Stratta as its managing director. The Action Sports division comprises Giro bike and snow sports helmets and protective equipment, the components of Easton Cycling, the motorbike helmets of Bell and the ...
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Moncler files for IPO
Moncler has requested the authorization to be listed on the Milan stock exchange. The clearance procedure is expected to be completed in a couple of months and the initial public offering could then be carried out before the summer break, possibly as soon as June, with an intended valuation of ...
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New Balance up 7.9%
After a series of relatively flat years, the New Balance group has reported an overall sales increase of 7.9 percent in 2010. Revenues reached a level of $1.78 billion, up from the $1.55 billion reported from 2006, $1.63 billion in 2007, $1.64 billion in 2008 and $1.65 billion in 2009. ...
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Le Coq Sportif boosts revenues, profits
Le Coq Sportif, which is owned at 70 percent by the Swiss investment company Airesis, increased its total 2010 revenues by 8 percent to €89.8 million, lifted by a 14 percent rise in direct sales to €72.5 million. Sales in the key French market grew by 12 percent to €38.1 ...
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Golfino makes progress in Asia, South Europe
The German company, which appears to have the leadership in the European golf apparel market with a share of around 8 percent, raised its consolidated turnover last year by €1 million to about €31 million. The company enjoyed similar single-digit growth both through its wholesale arm and its own ...
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China’s Sport 100 strikes deals with Airwalk, Stag
Sport 100 International, the largest chain of sports department stores in China, has signed an exclusive license for the Airwalk brand, which it plans to distribute to other retailers in the country in addition to a presence in its own stores. Alan Cheung, chief executive of the company, said he ...
