Latest Headlines – Page 150
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ArticleLi Ning grows further, adjusting to the pandemic
Rising interest in exercise and fitness in China after lockdowns were lifted contributed to improve Li Ning’s revenues, which grew 4.2 percent to 14,456.9 million yuan renminbi (€1.86bn-$2.09bn) in 2020. Net income increased by 13.3 percent from the previous year to RMB 1,698.4 million (€218.6m-$246.1m). Excluding a one-time financial gain ...
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ArticleISPO works on a B2B fitness show for Nov. 18-20
The ISPO Group is organizing a new international B2B event for the fitness sector at its Munich fairgrounds, to be held on Nov. 18-20. While it will feature exhibition stands, limited to 250 square meters in size, it is shaping up more and more as a high-level international convention with ...
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ArticleNautilus will push subscriptions, focusing on two brands
Recent consumer research has convinced Nautilus’ management that the traditional home fitness-oriented customers addressed by the company have become “enthusiastic cross-trainers” who are looking for home gear to supplement their gym or outdoor exercise routines, building up to a larger addressable market. In fact, the retail channel has grown to ...
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ArticleFila’s profits plunge, with European sales down 16.2%
Thanks to stronger demand for golf products by Acushnet, the Fila Group’s revenues rose by 0.9 percent to 796,462 million Korean won (€592.5m-$706.3m) in the fourth quarter. Its net income tumbled by 65.8 percent to KRW 17,604 million (€13.1m-$15.6m), and its gross margin contracted by 5.3 percentage points to 60.6 ...
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ArticleStella is cautiously optimistic about first half of 2021
Stella International is “cautiously optimistic” about order levels for the upcoming spring and summer 2021 seasons, although the Chinese shoe manufacturer still has low visibility for the second half of the year due to recent Covid-driven lockdowns in many countries around the world. Steady volume growth and margin improvement will ...
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Nike impacted by store closures and shipping issues, despite China gains
The Nike group had mixed results in its third fiscal quarter ended on Feb 28., 2021, pulled up by sharply higher online sales and China’s strong growth on one side, and pulled down by transportation problems and the impact of the coronavirus pandemic on the other.
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ArticleOpinion: How to understand and reduce logistic disruption costs
by Luigi Grosso, Euro Brand Management Many factors have contributed significant increases in transportation costs over the last year, reaching highs far in excess of long-term sustainable levels. The shipping industry is experiencing tight capacities, leading to a shortage of containers because of the strong demand, especially in areas related ...
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French ski industry in critical state
The French sporting goods industry association, Union Sport & Cycle (USC), plans to ask the French government for a specific aid package for the country’s ski sector, whose total losses for the current season are estimated at about €1 billion - without including those of the skilift and cable car ...
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ArticleSigna is looking to lead the international pádel market
The game of pádel, an easier alternative to tennis, is said to be most popular now in Spain, Portugal, Italy and Switzerland, and industry experts predict that it is going to spread soon to other countries including France, Germany, Austria, Switzerland, the U.K. and the U.S. According to CMDsport, Signa ...
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ArticleLacoste goes more technical with the help of Tecnifibre
Tecnifibre, the French tennis and squash hardware specialist, will handle the distribution of all the performance tennis and golf products of Lacoste, the increasingly fashion-oriented sports apparel specialist, starting with the spring/summer 2022 season. Lacoste, which took over Tecnifibre in 2017 through its own parent company, MF Brands, has already ...
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Myanmar violence raises concern in the industry
Many sports and fashion brands that have shifted part of their sourcing for apparel and footwear to Myanmar because of its lower labor costs are watching with awe the consequences of the recent military coup in the country. According to observers, it may be difficult for some of them to ...
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Nike releases new Impact Report and sets new targets for 2025
Nike has released the 11th edition of its Impact Report. The document addresses and assesses the company’s 2020 (financial year ended in May, 2020) targets, which were set in 2015, and sets new corporate targets for 2025. Nike has been releasing Impact Reports for two decades and shifted to an ...
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ArticleFootwear companies take sustainability in their stride
Hardly a day goes by without a footwear company or a component supplier announcing a more sustainable product, a recycling program or an environmentally-friendly scheme. Such a flurry of initiatives, which are taking place also outside the athletic footwear sector, is motivated by growing consumer and regulatory pressure as well ...
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ArticleDecathlon sees upside after a 6% drop in 2020
The Covid-19 pandemic weighed heavily on Decathlon’s sales performance in 2020. The parent company of the world’s largest retail banner, Decathlon United, reported today a sales decline of 6 percent in constant currencies to €11.5 billion in 2020, with major variations between countries and e-commerce more than doubling. However, the ...
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Li Ning’s SPAC files for a $250 million IPO
Trinity Acquisition has filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $250 million in an initial public offering (IPO) of 25 million units at $10. The special purpose acquisition company (SPAC), based in Hong Kong, is led by Li Ning, the former Olympic champion turned ...
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Zalando lifts sales forecasts, aims for 10% of Europe’s fashion market
Zalando has lifted its sales and profit forecasts for 2021 after reporting a 23.1 percent rise in revenues to about €7,982 million for the 12 months to Dec. 31, 2020, with increases of 17.2 percent in the German-speaking countries and 28.4 percent in the rest of Europe, where they reached ...
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Garmont eyes acquisitions after change of control
Garmont International, the Italian brand of outdoor and technical footwear, is open for acquisitions in the apparel sector and other opportunities following the entry of a new majority shareholder. Italian Strategy Private Equity (ISPE), managed by Riello lnvestimenti Partners, has acquired a 65 percent stake in the company’s share capital. ...
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Tennis-Point moves into the U.S.
Signa Sports United has announced the acquisition of a majority stake in an American online tennis retailer, Midwest Sports, subject to customary conditions for deal closing. The transaction strengthens the international reach and market position of Tennis-Point, one of the numerous web stores of Signa Sports United. Based like its ...
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ArticleJD expands in Central and Eastern Europe
Pursuing its international expansion, JD Sports Fashion has signed an agreement to acquire a 60 percent majority interest in the Marketing Investment Group (MIG), a wholesaler and multi-channel retailer specializing in the sporting goods sector with a network of 410 retail stores in Poland and eight other neighboring countries. The ...
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ArticleCycling boom boosts Dorel Sports
Dorel Sports, whose Dorel Industries sports segment includes bike brands such as Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse, saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh consecutive quarter of revenue growth ...
