Latest Headlines – Page 198
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Market leader in softgoods
Intersport already claims a leadership in the French athletic footwear and apparel market. The Kantar Worldpanel has found Intersport last year took 18.7 percent of the sales of footwear and apparel sold in French sporting goods stores, or 0.9 percentage points more than in the previous year. Decathlon's share declined ...
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Going for bigger stores
The total number of Intersport stores grew last year by ten in France and Belgium to a total of 660 units, including 247 stores located in mountain resorts, and 113 of them were moved to new and generally bigger locations. Their combined sales floors rose by 45,000 square meters to ...
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Going more digital
The growing popularity of e-commerce, particularly through marketplaces like that of Amazon, is not bothering Intersport France at this stage, as the number of people visiting its stores grew by 3.2 percent last year, partly attracted by promotions that represented more than 35 percent of their sales. Online ski rentals ...
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Sports Direct sells it premises and other assets
For once, Mike Ashley's Sports Direct International is selling assets instead of buying them.The company announced a few days ago an agreement to sell the real estate of its head office and warehouse in Shirebrook, while taking a 15-year lease to continue to operate in the premises. The completion of ...
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VF looks for bigger acquisitions after a weak quarter
VF Corporation is looking for bigger prey in its remaining Outdoor, Active and Work segments after its recent takeover of Icebreaker and Altra, which are said to be performing well while being integrated into the group's global supply chain and its sales organization. Evidently, with an adjusted cash flow of ...
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TNF attempts a SEO hack of Wikipedia and Google
Cleverness, as The North Face is discovering, has its risks. A marketing ploy has earned the California-based outdoor brand a reprimand from Wikipedia, the free online open-source encyclopedia.In a separate ploy back in January, the brand began poking fun at one of U.S. President Donald Trump's signature policy initiatives – ...
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Helly Hansen reports strong growth
Canadian Tire Corporation (CTC) is already starting to get a return on the huge investment it made to complete the acquisition of Helly Hansen last July, although the synergies will only start to filter through toward the end of this year, according to Paul Stoneham, the chief executive of the ...
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Canada Goose begins to slow down
Canada Goose Holdings reported a 53 percent increase in net income to 144.3 million Canadian dollars (€95.5m-$107.5m) for the financial year ended on March 31. The company's operating margin (Ebit) improved by 0.3 percentage points to to 23.7 percent, while revenues jumped by 40.5 percent to C$ 830.5 million (€549.8m-$618.7m).Revenue from ...
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Fila makes big strides in Europe and elsewhere
The Italian heritage sports brand is on fire, and Fila made the biggest stride in Europe during the first quarter of 2019, as Fila Korea's licensing royalties from the region more than doubled, growing by 112 percent to 8,952 million Korean won (€6.7m-$7.6m). Fila Korea has been the owner of the ...
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Sports fashion lifts Björn Borg's results
Björn Borg's sales for the first quarter jumped by 11.2 percent to 188.2 million Swedish kronor (€17.5m-$19.5m), boosted by a favorable currency exchange rate. In constant currencies, sales were up by 7.1 percent.The company said these were record revenues and that its sports fashion collection had been particularly well received, ...
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Hoka One One grows strongly in Europe
Hoka One One continues to run fast. Deckers Brands, which bought Hoka in 2013, reported a 33 percent increase to $67.1 million for the brand's sales in the fourth quarter of its fiscal year, ended on March 31, driven by international sales. Its sales outside the U.S. went up by ...
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Spain’s Munich grows strongly
Munich, the Spanish brand of athletic and sports lifestyle shoes – now in its 80th year – closed out 2018 with revenues of €40.5 million, up by 16 percent from the previous year. Revenues were particularly strong in the second half of the year. In addition, a 23 percent increase ...
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Alpargatas performs better
Alpargatas reported a 9 percent increase in sales to 940 million reals (€205.9m-$229.9m) for the first quarter of 2019, with gains in all its divisions in Brazil and abroad. In particular, the management pointed to an increase of 16.1 percent in the sales of its major brand, Havaianas, which were particularly ...
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Olympikus slows down
Performing less well than in the recent past, Vulcabras reported an increase in net revenues of only 2.7 percent to 299.8 million Brazilian reais (€69.0m-$77.7m) in the first quarter of this year. With a minimal contribution from the company's new distribution contract for Under Armour in Brazil, sales of athletic ...
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Pressure on profits for Yue Yuen
Profit margins continued to be under pressure for the world's largest shoe manufacturer, which is also a major distributor and retailer in China. Yue Yuen Industrial's total revenues increased by 8.4 percent in the first three months of this year to (U.S.) $2.48 billion, but the attributable net profit declined ...
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New investors for Polygiene
Håkan Lagerberg, chief executive of Swedencare, has become the biggest investor in Polygiene, the Swedish odor control company, with a stake of 7 percent. He and two other smaller investors have acquired shares in the company, which is still aiming for annual growth of between 20 and 30 percent in ...
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Infront launches a natively digital brand
Infront has launched iX.co, a digital media and solutions company aiming to connect brands and sports rights holders to fans around the world. Infront, the big international sports marketing company based in Zug, Switzerland, is part of the Dalian Wanda Group, which became a majority shareholder in November 2015. It ...
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Nike releases Impact Report for FY2018
Nike has released its Impact Report for the fiscal year ended on May 31, 2018. The report focuses on the company's 2020 targets and priorities across its value chain and for its stakeholders. Last year, among its priority issues, the company identified “Diversity and Equal Opportunity” and “Climate Change Risks” ...
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Asics announces 2018 sustainability achievements
In 2018, Asics surpassed its CO2 emissions reduction targets for 2020, two years earlier than initially planned. CO2 emissions at Asics' facilities, whose initial reduction target was of 5 percent, decreased by 19.2 percent. Meanwhile, CO2 emissions per pair of shoes dropped by 15.9 percent, surpassing the planned reduction of ...
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Pentland’s CSR report focuses on UN goals
Pentland Group has released its Corporate Responsibility Review for 2018. Pentland is the parent company of Speedo, Ellesse, Berghaus, and other brands, as well as the majority shareholder in JD Sports Fashion, which owns numerous outdoor retail chains including Go Outdoor, Blacks and Millets.Pentland notes that it has been a ...
