Latest Headlines – Page 195
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Zalando improves, Asos does not
Zalando, a fashion-oriented retailer that is making a big push into the sports apparel and footwear market with its marketplace, reported a 20.1 percent increase in revenues to €1,597.3 million for the second quarter of this year. Including its marketplace, the gross merchandise volume (GMV) rose by 23.7 percent to ...
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More jerseys from Macron for basketball, football and rugby
The Italian supplier of licensed jerseys reported several sponsorship deals in the last few days. Two of them see the company involved in German basketball through new technical partnerships with the clubs of Rasta Vechta and Basketball Löwen Braunschweig.The two teams play in the Basketball Bundesliga, the highest tier of ...
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Détente on the international trade front
Three moves on the international trade front that have taken place in the last few days have given the sporting goods industry and the world economy positive signals in the direction of free trade. While the U.S. decided not to go ahead with a new set of punitive tariffs on ...
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Innovation and digitalization fuel Nike’s 11% growth
Surpassing the management's expectations, Nike reported a broad-based sales increase of 11 percent on a currency-neutral basis for the financial year ended on May 31, driven by innovations, the group's “consumer direct offense” initiative and other aspects of its strategic transformation.In reported dollars, this meant an increase of 7 percent ...
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Big growth and investments in digital
Offering differentiated consumer experiences, direct-to-consumer sales were responsible for about half of Nike's total growth in the past year, and digital sales jumped by 35 percent, driven by Nike's mobile apps. Nike says that the digital channel – its own online sales combined plus those of partners like Amazon and ...
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Further expansion internationally
Nike claims to be leading the market in the EMEA region, where its sales grew by 9 percent in constant currencies in the fourth quarter as compared to the period a year ago, when they were boosted by the men's version of the Fifa World Cup. It continues to boast ...
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Converse continues to underperform
Sales increased by only 3 percent in constant dollars at Converse last year, thanks to gains in China and on its new e-commerce platform. In reported terms, sales declined by 4 percent to $491 million in the fourth quarter, but they were flat on a currency-neutral basis, with declines in ...
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Product diversification pays off
Innovations like Max 270, VaporMax, the Max 720 and many others were responsible for 100 percent of the incremental growth in the past financial year, the management said, adding that the number of new products launched was twice has high as two years before. Brand extensions in sportswear (read: lifestyle), ...
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The future looks good
The outlook for the current financial year calls for a slightly higher increase in the high single digits than in the last one on a reported basis. Sales should also continue to go up on a currency-neutral basis, but no indication was given about the growth rate.The gross margin is ...
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Nike and Adidas pull back products and ads
The use of social networks and artificial intelligence can be tricky at times. Adidas suffered an embarrassing problem on July 1 with a Twitter campaign launched to promote its new jersey for the English Arsenal football team. It was hijacked by several users who twisted their Twitter handles to send ...
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JD Sports expands further
JD Sports Fashion's momentum keeps going. In an update, the big U.K.-based international sports retailer said it continued its strong performance after the record fiscal year that ended on Feb. 2, with encouraging growth on a same-store basis in its core sports fashion chains both in the U.K. and abroad. ...
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Governance is questioned
Peter Cowgill, the group's executive chairman, gave the sales update just before the company's annual general meeting, held on July 3, where all the resolutions on the agenda were passed. However, the board of directors said the time was appropriate now for a review of the company's corporate governance practices, ...
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Pentland keeps growing and growing
The stellar performance of JD Sports Fashion, whose revenues grew by 49.2 percent to £4.72 billion (€5.25bn-$5.88bn) in the financial year ended last Feb. 2, helped its controlling shareholder, Pentland Group, to record an overall increase in revenues of 38.9 percent to £5.1 billion (€5.7bn-$6.4bn) for its financial year ended on ...
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Signa adds TennisPro to a list of acquisitions
Signa Sports United, which claims to be already biggest online player in the European sports retail market, has acquired TennisPro Group, a racquet sports retailer serving mostly customers in France and southern Europe. The contracts were signed on June 25, granting Signa control of TennisPro's online retail companies and its ...
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Intersport reports growth in Central Europe
Intersport Germany is performing a little better than before. On the first day of the new OutDoor by Ispo show in Munich, which ran from June 30 to July 3, the German-based retail cooperative reported an increase of 5 percent in its members' retail sales for the first five months ...
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A new website for Austria
A new online store was launched last month by Intersport Austria. Affiliated retailers send the products directly to the consumers who order them. If customers wants to change a product purchased online, they can go to the store that manages the orders.The combined sales of the retailers affiliated with Intersport Austria, ...
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Sport 2000 grows and expands its Absolute format
Sport 2000 Deutschland has reported an increase in centralized settlements of 10.8 percent for the first five months of this year, as compared to the same period of the previous year. Affiliated retailers have reported an increase in their own sales of 2.5 percent for the same period. At the ...
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XXL robotizes, nudges closer to Denmark
XXL ASA, the leading sporting goods retailer based in the Nordic countries, has been servicing Danish customers only with a local online store in the past few years, offering aggressive discounts and losing money in the process, without letting them touch or try the products. It will be able to ...
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StockX achieves a valuation of $1 billion
The sneaker resale market is hot. StockX, the self-described “stock market of things,” has secured a new round of funding and named a new chief executive. The investment firms of DST Global, General Atlantic and GGV Capital – along with investors from the previous round, such as GV and Battery ...
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Belle plans to spin off Topsports
After going private two years ago, Belle International is preparing a public offering for Topsports, a retail subsidiary that is regarded as China's largest network of sporting goods stores. A listing application was made on June 27 to the Hong Kong stock exchange for the IPO, showing that it would ...
