Latest Headlines – Page 182
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ArticleChampion’s sales rise by 40%
Thanks to an expanded product range and wider distribution, Champion’s global sales rose by 40 percent to $1.9 billion in the financial year ended on Dec. 28 excluding the brand’s mass market operations in the U.S., which have been terminated.
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ArticleDecathlon grows by 9.2%
Decathlon has reported a sales increase of 9.2 percent to €12.4 billion (before sales taxes) in 2019, with a gain of 9.1 percent in local currencies and including growth of 3 percent to €3.3 billion in the domestic French market. Globally, the number of transactions went up by 8 percent.
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ArticleThe German Cartel Office blesses Signa’s takeover of SportScheck
Following a comprehensive investigation, the German Cartel Office has concluded that the planned acquisition of SportScheck by the Austrian-based Signa Retail Group via its Galeria Karstadt Kaufhof subsidiary can go ahead as the new conglomerate resulting from the transaction will have a market share of less than 15 percent in ...
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ArticleGresvig goes bankrupt
A new, unnamed strategic investor is in line to take over majority control over the Gresvig Retail Group, according to our sources. The second-largest Norwegian sporting goods retailer, which recently decided to rebrand all its stores to the Intersport banner (SGI Europe Vol. 30 N° 29+30 of Aug. 29, 2019), ...
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ArticleXXL looks for new funds, launches massive clearance
XXL ASA is still stuck in a downward spiral and is taking drastic steps to try and stop it, including a search for new “sustainable” sources of liquidity other than new equity. A decision in this respect is expected to be taken during the present quarter, said the management, declining ...
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ArticleMany factors at the root of the Norwegian problem
Recent consequences of climate change aside, Norways’ two major competitors in the sporting goods market, Gresvig and XXL (see the related articles in this issue), have been caught in a “perfect storm” of troublesome factors, according to two experts: Trond Hansen, CEO of the Norwegian sporting goods industry association, Sportsbransjen, ...
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Swedish and Finnish retailers were better off
According to preliminary figures, retail sales of sporting goods declined more or less by 0.7 percent in Sweden and by 0.3 percent in 2019, compared with a drop of 3.5 percent in Norway.
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Warm winter kills the demand for sporting goods in Russia
Sales of goods for winter sports have shrunk by 22 percent in the European part of Russia during the current autumn/winter season, according to research conducted by a Russian online marketplace, Avito.
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ArticleSport 2000 increases cross-border cooperation
Reporting growth of 8 percent in retail sales to €4.94 billion including VAT across Europe in 2019, driven by Germany, Sport 2000 International is working on creating a more integrated, vertically oriented retail service organization with a strong international brand, offering new and flexible ways to approach consumers.
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ArticleFirst Sport 2000 Absolute Teamsport store opened in Austria
The first Austrian store under the umbrella of the “Absolute” business concept developed by Sport 2000 International opened its doors on Feb. 6 in the Weberzeile shopping mall in Ried im Innkreis. With an area of 250 square meters, the new Absolute Teamsports specializes exclusively on team sports.
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ArticleIntersport grows by 3 percent in the 5-country group
Intersport Germany has made a strategic decision to concentrate on fewer brands that can “tell a story” to counter the rapid expansion of Decathlon in its territory. In collaboration with Adidas, it is launching in March an emotional, youth-oriented brand-building campaign around running for German television, to be followed by ...
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ArticleSigna expands in Spain and Switzerland
Signa, the Austrian-based real estate and retail giant is further expanding its reach beyond the core German market with a small acquisition in Spain and a bigger one in Switzerland.
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ArticleNo Ispo Beijing and supply chain bottlenecks due to coronavirus
The new Chinese pandemic – declared a global health emergency by the World Health Organization on Jan. 30 – is starting to put the brakes on the Chinese economy’s robust growth in terms of consumption, production and international trade in the sporting goods sector and others, with major consequences for ...
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Two Asian co-chairs will lead the WFSGI
It was Asia’s turn to take on the chairmanship of the World Federation of the Sporting Goods Industries (WFSGI) for the next three years, after Europe and the Americas. Partly in view of the Olympic Games that will be held in Tokyo this year and in Beijing two years later, ...
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Ispo will work for equality and sustainability
While reiterating its intention to open itself up to other areas of the wider sports business besides the sporting goods market, which it has been covering for the past 50 years, the management of Ispo made solid new commitments in the areas of sustainability, social responsibility and diversity during the ...
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Skechers invests in omni-channel
In reporting a strong 23.1 percent increase in overall revenues to $1,330 million for the fourth quarter of 2019, Skechers’ management revealed that it is developing a new omni-channel retailing platform where its brick-and-mortar stores will be more integrated with its e-commerce operations.
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Columbia’s sales growth is softening
The management of Columbia Sportswear is projecting an increase of 4.5 to 6.0 percent in its total sales this year, with an operating margin of 12.6 to 12.8 percent.
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Expanding abroad, Hoka is still Deckers’ engine of growth
Deckers Brands, the parent of Ugg and other footwear brands, recorded good sales and earnings in the third quarter ended on Dec.31, once again boosted by Hoka One One, which is now selling fewer shoes in the U.S. than in the rest of the world.
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Johnson Outdoors’ profits jump by 83%
Johnson Outdoors recorded strong gains in revenues and profits in all its divisions except Watercrafts for its first fiscal quarter, ended on Dec. 27, 2019. The company’s net income jumped by a staggering 83 percent from the year-ago period to $6.4 million.
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A rule change to deal with Nike’s Vaporfly
In response to controversy over Nike’s Vaporfly running shoe and the bouncy carbon-fiber plate inserted in its sole, World Athletics has instituted new regulations on athletic footwear worn for competition (For background, see SGI Europe – Vol. 31 n°2+3 of Jan. 24).
