Latest Headlines – Page 189
-
Article
Glenmuir buys Sunderland
Sunderland of Scotland, the technical golfwear brand, has been acquired by another brand in the same category, Glenmuir, which has been its European distributor for the past ten years. The financial details of the transaction have not been disclosed. The agreement brings together two Scottish golf brands with a combined ...
-
Article
Google is set to acquire struggling Fitbit
Fitbit increased its deficit for the third quarter of the year, posting a net loss of $51.9 million compared with a net loss of $2.1 million a year ago, which was in line with analysts' expectations. The additional red ink flowed shortly after the announcement that Google has agreed to ...
-
Article
Outdoor and Fitness lift Garmin’s results
Garmin's revenues for the quarter ended on Sept. 30 reached a record level of $934 million, an increase of 15 percent over the quarter a year ago. The company has raised its outlook for the full-year as a result.In the fitness division, Garmin's sales climbed by 28 percent to $243.1 ...
-
Article
Bankrupt Kettler lays off most of its employees
The well-known German brand of home-fitness equipment announced “the greatest comeback ever” at Ispo Munich last February. But now, after 70 years, one of the last producers in the sector to rely on “Made in Germany,” Kettler Freizeit, together with Kettler Plastics, has begun to shake down its workforce after ...
-
Article
Shimano improves its forecast
While releasing its results for the first nine months of the year, Shimano announced that it expects to generate extraordinary income this year from the depreciation of currencies and the return of public land occupied by one of its Chinese plants for bike components, located in Kunshan.Amending a previous report ...
-
Article
Champion aims for $3 billion in sales
Hanesbrands reported a 26 percent boost in global sales of the Champion brand on a constant-currency basis in the third quarter ended on Sept. 28, excluding its C9 sub-brand for the U.S. mass market, which is being gradually phased out. The brand's sales grew by 29 percent in the U.S. ...
-
Article
Skechers’ foreign business drives double-digit gains
Thanks to its strategy of viewing its business through a “global lens,” with many key product styles being introduced at the same time around the world, Skechers has pulled off another strong quarter.Sales for the three months ended on Sept. 30 were 15.1 percent higher than in the period year ...
-
Article
Good results for Wolverine’s main brands
Wolverine Worldwide's three biggest brands – Merrell, Sperry and Saucony – posted a combined 11.5 percent increase in constant currencies during the third quarter ended on Sept. 28. Revenues rose by only 2.8 percent to $574.3 million across the group's entire portfolio of 12 footwear brands, with growth of 3.6 ...
-
Article
Crocs posts a stellar quarter
Thanks to a strong performance in America and globally from the wholesale channel, e-commerce and comparable store sales, Crocs' revenues for the third quarter jumped by 19.8 percent to $312.8 million, or by 21.0 percent on a constant-currency basis. This came despite the negative impact of store closures, which reduced ...
-
Article
The row continues in China over Hong Kong and basketball
The tweet heard around the world continues to echo. On Oct. 4, as we have previously reported, Daryl Morey, general manager of the Houston Rockets, tweeted an image that read “Fight for freedom, stand with Hong Kong,” in reference to the anti-government protests that have been going on in the ...
-
Article
Zalando improves results
For the first time in its history, Zalando received more than a billion visits to its web stores in a single quarter, or a total of 1,000.3 million, up by 37.3 percent year-on-year from 728,700. The share of mobile visits was 84.8 percent. The number of active customers reached 29.5 ...
-
Article
Bollé Brands reorganizes
Bollé Brands is rationalizing the operations of Bollé, Cébé, Serengeti and H2 Optics taken over by A&M Capital from Vista Outdoor last year and investing in new managers and new systems and processes to improve products and services. It is centralizing operations in Europe and the U.S., where it taking ...
-
Article
Smith wins a Silmo d’Or Award
Safilo's house brand of sports eyewear won the Silmo d'Or in the sports category at the recent Silmo Paris trade show for eyewear with its Attack MTB sunglasses, which retail in Europe at a recommended price of €229. The model can be fitted with two different proprietary ChromaPop lenses, “Black ...
-
Article
XXL refinances itself as sales and profits decline
XXL ASA's ongoing problems will lead to a change of ownership in the framework of a new refinancing program. The Norwegian Altor fund will become the largest shareholder of the leading Nordic sporting goods retailer, replacing Øivind Tidemandsen, who founded it in 2001. Altor, the former controlling shareholder of Helly ...
-
Article
Topsports raises $1 billion in Hong Kong IPO
Topsports International Holdings, the sports retailing arm of Belle International, raised $1.01 billion in an initial public offering on the Hong Kong stock exchange. With more than 8,000 stores, the company claims to be the largest sporting goods retailer in China, with an estimated 15.9 percent share of the market. ...
-
Article
Sports Direct lashes out at the big sports brands
Sports Direct International issued a statement proposing that “the (sporting goods) industry as a whole would benefit from a wide market review by the appropriate authorities in both the UK and Europe,” citing the practices of major sports brands like Adidas.SDI has never quite recovered from the blow it suffered ...
-
Article
Sport 2000 Austria is taking new initiatives
Sport 2000 Austria recently signed a strategic partnership agreement with Northland, an Austrian outdoor brand created 46 years ago, which has 30 stores in Austria and a presence in 43 other countries. Additionally, the Austrian cooperative has signed a strategic partnership with Geomix, which is said to be the biggest ...
-
Article
Humanic’s parent hires a sports expert
Leder & Schuh is strengthening its executive board by bringing in a sports-retail specialist. The big Austrian shoe retailing group is looking to expand its banners while digitalizing and focusing more on the sports-lifestyle consumer segment.The company has hired Michael Rumerstorfer, who has a long history of leadership in sporting ...
-
Article
Sportmaster completes Go Sport Poland’s takeover
Russia's biggest sports retailer has finalized the takeover of Go Sport Polska, the Polish subsidiary of the French-based Go Sport Group, the company said in a statement released on Sept. 30. The price of the takeover has been limited to €40 million, according to a Russian information agency, Infoline-Analytics.Go Sport ...
-
Article
Boardriders plans to sell its European HQ
Boardriders plans to sell and lease back its plush European headquarters in Saint-Jean-de-Luz to get some cash, according to a report in a local newspaper, Objectif Aquitaine. The decision to sell the property was announced to Boardriders staff on Sept. 27, said the French newspaper, which also gave some figures ...
