Latest Headlines – Page 152
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Birkenstock is reportedly valued at €4 billion
We find it interesting that Birkenstock, an authentic and iconic brand of casual shoes made in Germany, with a 247-year heritage, has been taken over by two equity funds, L Catterton and Financière Agache, that are related to Bernard Arnault, the controlling shareholder of LVMH. We are wondering about the ...
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ArticleThe Norwegian market grew by over 7% in 2020
Norway has the highest per capita consumption for sporting goods in Europe, and it grew strongly last year – in spite or because of the coronavirus epidemic – in contrast with an overall sales decline estimated at around 10 percent in the five major European countries. One main reason was ...
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Foot Locker reports lower sales and profits
The share price of Foot Locker fell by 8.8 percent at closing on Feb. 26 after the international U.S.-based sports retailer reported a drop of 2.7 percent in comparable sales for the fourth quarter ended Jan. 30, with a 12 percent drop in same-store sales offsetting a 44 percent increase ...
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Acushnet’s sales rise by 14%
Acushnet, the American golf company controlled by Fila Korea, had a strong finish to the year, with double-digit growth in profits and sales for the fourth quarter. After the re-opening of its production facilities and distribution centers in late May, the company saw strong sales across all segments of its ...
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Wolverine posts weak results but is hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide. Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in the ...
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Soft anti-Covid restrictions boost sales of winter sports items in Russia
After a slump in sales at the beginning of the current autumn/winter season, sales of products for winter sports in Russia have proven to be strong in January and February thanks to abundant snow and weak quarantine restrictions, allowing all ski facilities to continue to operate in contrast with ...
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Inov-8’s founder takes the business back
Wayne Edy, who founded Inov-8 in 2003, is preparing to launch a new graphene-based shoe after buying back the 80 percent stake in the British company that he had sold to Descente in 2015, with the exception of the rights to the brand for Northern Asia, including Japan, South Korea ...
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ArticlePolygiene reports record quarterly sales
Polygiene said that the fourth quarter of 2020 was the best in its history, with sales rising by 40.0 percent from the year-ago quarter to a record 26.6 million Swedish kronor (€2.7m-$3.2m). The growth was largely due to the success of Polygiene’s ViralOff in the context of the Covid-19 pandemic, ...
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Ukraine imposes sanctions on Sportmaster
Sportmaster-Ukraine has been included in a list of sanctions imposed on Feb. 19 by the Ukrainian National Security and Defense Council through a presidential decree notified to Sportmaster Operations Pte. the company based in Singapore that controls Sportmaster’s operations outside Russia. The sanctions have been levied against Sportmaster and 18 ...
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ArticlePuma confirms recovery path
After a poor first half and a solid third quarter, Puma remained on the right track in the fourth quarter of 2020, with revenues up by 9.1 percent in constant currencies to €1,520 million and a jump in the net income of 38.8 percent to €24.7 million. The management gave ...
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ArticleCrocs’ profits soar on record sales
Crocs is still enjoying a strong momentum as its fourth-quarter revenues jumped by 56.5 percent from the year-ago quarter to a record level of $411.5 million. In constant currencies, they gained 56.1 percent.The number of pairs sold during the quarter grew by 38 percent to 18.9 million, and their average ...
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A stellar year for Nautilus
Nautilus just had one of the best years in its history, due to customers shifting to home equipment during the pandemic, as numerous gyms were temporarily closed. The company posted net income of $28.9 million in the fourth quarter, up from $3.5 million in the year-ago period, as sales soared ...
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Moncler’s annual sales down 12%, despite a good Q4
Moncler returned to growth in the fourth quarter, growing by 8 percent to €675.3 million, led by Asia and the Americas. On a constant-currency basis, they improved by 7 percent. The company benefited from the strong expansion of the Chinese market, growth in Korea and Japan, plus a robust e-commerce ...
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New Balance will sponsor AS Roma, Castore in talks with Lazio and Napoli
After months of speculations about who would replace Nike as the kit supplier of AS Roma, the Italian football club has finally confirmed New Balance as its new sponsor, starting in July. The three-year deal between the Rome-based club and New Balance will start in the 2021/22 season, and will ...
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ArticleIntersport’s European online platform progresses
While admitting that it has been “a painful and costly learning curve,” Intersport International Corp. (IIC) has made “tremendous progress” in developing a common internet platform for some of its national organizations in Europe during the last three years, claimed Steve Evers, IIC’s CEO, in a recent interview. He declined ...
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Descente lowers full-year sales guidance
Descente saw its profits surge in the third fiscal quarter ended Dec. 31, 2021, with net income soaring by 172.8 percent to 4,828 million yen (€37.8m-$45.7m). This was mainly due to extraordinary income of ¥7,535 million linked to the reorganization of its Descente China Holding joint venture with Anta Sports ...
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Garmin’s fitness and outdoor sales surge
Robust demand for advanced wearables and cycling products helped Garmin to post record results for the fourth quarter of 2020. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent to $1,351 million for the 13 weeks to ...
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ArticleA game-changing foldable ski by Elan
Elan unveiled the world’s first foldable, high-performance, all-mountain ski on Feb. 1, the first day of the ISPO Munich Online show, where it got a prize as one of the ISPO Gold Award winners. Called the Elan Voyager, the ski can be easily disassembled and packed into a bag for ...
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ArticleHi-Tec’s parent will change hands, if the price is right
Apex Global Brands, the American brand management and licensing organization previously called Cherokee Global Brands, which owns the Hi-Tec, Magnum and Tony Hawk brands, among others, confirmed that it has entered into a merger agreement with Galaxy Universal, a Colorado-based project management and investment firm.Galaxy is described as a sourcing ...
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ArticleAdidas has decided to divest Reebok
Having completed a month-long review of the brand, the Adidas Group has decided to begin a “formal process” to divest the Reebok brand. The other option would have been to keep it in-house. The German sportswear giant had originally planned to make an announcement on March 10, during a previously ...
