News Briefs – Page 492
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News briefs
A Norwegian sporting goods retailer, Torshov Sport, recently opened the...
A Norwegian sporting goods retailer, Torshov Sport, recently opened the world's largest and most important football store, according to its general manager, Terje Laurendz. The store, located in Oslo, is in the same premises as the company's previous football-specific store, but has been expanded by more than 400 square meters ...
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Thule Group reported a 20 percent increase in net income...
Thule Group reported a 20 percent increase in net income to 203 million Swedish kronor (€21.0m-$22.9m) for the first quarter of 2017 on a 15.9 percent sales increase to SEK 1,599 million (€165.7m-$180.6m). Currency-adjusted, the quarterly sales rose by 12.3 percent and led to an improvement in the underlying profit ...
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News briefs
Led by its ski maintenance and ski-boot fitting equipment, Wintersteiger's...
Led by its ski maintenance and ski-boot fitting equipment, Wintersteiger's revenues in the sports sector grew by 5 percent to more than €60 million last year, in spite of a stagnating snow sports market in the Alps and North America, leading to higher profits in the segment. The development of ...
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Erima reports stable sales of €14 million in the first...
Erima reports stable sales of €14 million in the first quarter of 2017, as compared to the first quarter of 2016, citing very restrained demand in the team sports market. The German brand of team sports products had recorded a sales increase of 19 percent in the first quarter of ...
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News briefs
In a preliminary statement, Zalando said its sales grew by...
In a preliminary statement, Zalando said its sales grew by between 22 and 24 percent in the first quarter of 2017, generating an operating margin of between one and three percent – lower than analysts had estimated. It confirmed projections for this year of growth between 20 and 25 percent ...
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News briefs
The Girona football club and Umbro have agreed that the...
The Girona football club and Umbro have agreed that the British brand will outfit the Catalan team for at least two years starting with the 2017/18 season, the club announced last week. This could turn into an opportunity for Umbro to appear in La Liga, since Girona FC is currently ...
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News briefs
The German football league has astonished football specialists by teaming...
The German football league has astonished football specialists by teaming up with Derbystar as the official ball supplier for the Bundesliga and the Bundesliga 2 from the 2018/19 season and for four years, replacing Adidas. Derbystar is an established German brand that has been owned since 1991 by Select, a ...
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News briefs
The OutDoor show in Friedrichshafen will feature a dedicated running...
The OutDoor show in Friedrichshafen will feature a dedicated running section at its next session, which will take place earlier than usual on June 18-21, considering that many brands of running footwear have now shoes for trail running as well as road running. Even Salomon, the leading brand of trail ...
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News briefs
Sport-Achat, the French sporting goods fair in Lyon, will have...
Sport-Achat, the French sporting goods fair in Lyon, will have a dedicated section for water sports at its new session in Nantes next Sept. 18 and 19. Its regular Sept. 11-12 edition in Lyon will focus more on the outdoor segment, complemented by a simultaneous Bikexpo fair.
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News briefs
Puma has announced a future cooperation with Right To Play...
Puma has announced a future cooperation with Right To Play Germany to help implement sports and play activities for disadvantaged children and young people. The program targets both Right To Play's initiatives internationally and stakeholders in Germany, such as refugees. Meanwhile, Puma's staff is being encouraged to get involved in ...
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News briefs
Five European companies are teaming up in the Wear2Wear program,...
Five European companies are teaming up in the Wear2Wear program, an industrial partnership working toward the manufacture of 100 percent recycled, recyclable and PFC-free functional textiles. The five companies involved in the program represent each phase of the recycling process, and include Heinrich Glaeser Nachfolger, Märkische Faser, Schoeller Textil, Sympatex ...
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News briefs
To celebrate Earth Day, which was on April 22, Adidas...
To celebrate Earth Day, which was on April 22, Adidas said it will launch three new models of tennis shoes on May 10 that are made with plastic waste thrown into the ocean. The initiative is part of the brand's new two-year partnership with Parley for the Oceans. Each of ...
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News briefs
Centerstone Technologies has found a new client, Odlo, for its...
Centerstone Technologies has found a new client, Odlo, for its iVendix sales tool and its visual merchandising platform, iVGuide. Besides its ability to handle reorders quickly online, the new set of tools will help Odlo's salesforce in the sell-in process with the development of personalized assortments, suggested buys, digital catalogs ...
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News briefs
Der Spiegel reports that Jack Wolfskin could be taken over...
Der Spiegel reports that Jack Wolfskin could be taken over by hedge funds, as Blackstone is preparing to pull out of the German outdoor company. The U.S. private equity firm acquired Jack Wolfskin in a leveraged buy-out of an estimated €650 million in 2011 but it reportedly had to inject ...
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News briefs
A store manager in Barnstaple, Alex Balacki has been elected...
A store manager in Barnstaple, Alex Balacki has been elected as the workers' representative on the board of Sports Direct International (SDI). This was one of the measures announced by the British sports retailer and wholesaler after it came under scrutiny last year, with regard to working practices at its ...
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Sports Direct International (SDI) has finalized the sale of its...
Sports Direct International (SDI) has finalized the sale of its rights to the Dunlop brand and the related wholesale and licensing business to affiliates of Sumitomo Rubber Industry (SRI), for $137.5 million in cash. The sum is to be adjusted for net debt and working capital on completion. The agreement ...
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News briefs
L Catterton, the private equity firm backed by LVMH, is...
L Catterton, the private equity firm backed by LVMH, is reportedly looking to create the largest independent swimwear and beach lifestyle platform in the world through its investments in Seafolly and Maaji. The global platform will combine for the moment Seafolly, the Australian swimwear label, in which L Catterton acquired ...
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News briefs
The Adidas Group has teamed up with Carbon, a U.S....
The Adidas Group has teamed up with Carbon, a U.S. start-up company, to make running shoes featuring midsoles produced with light and oxygen, which may be manufactured on a large scale. The first batch of 5,000 shoes to be made as part of the Futurecraft 4D project should hit the ...
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News briefs
In a conference call with financial analysts ahead of the...
In a conference call with financial analysts ahead of the release of its first-quarter financial results later this month, GoPro promised to cut its operating expenses this year by $200 million through various measures including the elimination of 270 jobs, or about 17 percent of its staff. The company, which ...
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News briefs
Another minority shareholder of Deckers Brands has called for a...
Another minority shareholder of Deckers Brands has called for a sale of the company, charging that it has underperformed in the past three to five years. Mountain Capital Partners, which owns 3.3 percent of the equity, complained in particular about poor capital allocation decisions by Deckers' management, adding that there ...
