Latest Headlines – Page 203
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Lifestyle and e-commerce boost revenues
In terms of the broad product categories, the lifestyle segment fared a little better than the sports segment last year, in spite of over-proportional marketing investments in sports performance. For the Adidas brand, global sales went up by 11 percent in the Sport-Inspired category and by 9 percent in Sport ...
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Additional notes
Adidas' shares, whose value rose by 9 percent last year, in contrast with market trends, is becoming more attractive, especially in the U.S. According to the company's annual report, the total number of shareholders in the group increased to around 80,000 in 2018 from 70,000 in the previous year. Among ...
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Amer’s new investors want total board control
After receiving pledges for about 94.98 percent of the voting shares in Amer Sports, even before the deadline of March 29 set for the completion of the tender offer, the Mascot Bidco consortium proposed yesterday to change completely the composition of Amer's board of directors at an annual general meeting ...
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JD wants all of Footasylum
Changing its attitude toward the more lifestyle-oriented British retailer, JD Sports Fashion is now offering to take over all of Footasylum's shares. It had previously described its acquisition last month of 18 percent in the company as a portfolio investment, reserving the right to make a full bid, with the ...
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Go Sport’s sales rise by 5.4% without Courir
Rallye has reported 2018 revenues of €885 million for Go Sport, its French multi-sport retail chain, representing a 9.8 percent increase as compared with 2017. On a same-store basis and at constant currencies, the sales increase was of 4.9 percent. Excluding Courir, which Rallye has recently sold, revenues totaled €494 ...
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Good year for Norwegian sports retailers
According to the Norwegian sporting goods industry federation, Sportsbransjen, 2018 was a record year for country's major sporting goods chains with overall sales of 14.2 billion Norwegian Krone (€1.5bn-$1.7bn), a 3.4 percent increase from 2017. The total sporting goods market may have grown even faster if pure internet retailers are ...
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Le Coq Sportif has a new minority shareholder
Airesis, the Swiss investment firm that is the brand's majority shareholder, has announced the arrival of Mirabaud Patrimoine Vivant as a new investor in Le Coq Sportif, the French sports and lifestyle brand, with a total financing of €10 million. Airesis didn't specify the stake that Mirabaud is taking in ...
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Strong sales for Fila, helped by Anta
Although its sales and operating profits soared, Fila saw its net income for the fourth quarter of 2018 tumble by 74 percent from the year-ago period, down to 3,872 million Korean won (€3.0m-$3.4m).Including the results of Acushnet, the golf company in which Fila holds a 53 percent stake (see the ...
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Clubs and balls weigh on Acushnet’s results
Lower sales of Titleist golf clubs, Titleist golf balls and FootJoy golf shoes drove down Acushnet's sales for the fourth quarter of 2018. They declined by 2.3 percent from the year-ago quarter to 343.4 million, or by 1.4 percent in constant currencies.In Europe, the Middle East and Africa (EMEA), revenues ...
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A new generation and record results for BasicNet
A new generation is taking over at BasicNet, the parent company of brands like Kappa, Superga and Sebago, after the company reported the best financial results in its history. Its consolidated sales grew in 2018 by 14.7 percent to €210.4 million, with a growth of 15.2 percent in local currencies. ...
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Crocs posts better-than-expected results
Led by the U.S. market and driven by its wholesale business, Crocs posted record revenues for the fourth quarter. Reaching a level of $216.0 million, they were up by 8.5 percent from the year-ago quarter, or by 11.3 percent on a constant-currency basis. This was well above the top end ...
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Newell’s boss is resigning
Michael Polk, the president and chief executive of Newell Brands, will be retiring at the end of the second quarter. With an annual salary of more than $21 million, he has been running the company and the former Newell Rubbermaid since July 2011, masterminding the merger with the former Jarden ...
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A new design chief for Under Armour
The shoe designer Dave Dombrow has made his second exit from Under Armour in three years. The Baltimore-based company has confirmed the departure but made no further comment. However, it has since hired Kasey Jarvis to replace Dombrow as of April. For the past months, Jarvis has been director of ...
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Accell’s new strategies start to pay off
The implementation of the Accell Group's new strategy is starting to bear fruits. The Dutch company behind Haibike, Lapierre, Batavus, Raleigh and many other bicycle brands said that its turnover accelerated in the second half of 2018 in its core markets except in North America, where the group recorded a ...
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Dorel Sports’ results impacted by slower than expected holiday consumer demand
Dorel Industries reported that fourth quarter revenues in its Dorel Sports segment were down by 1.7 percent to US$232.7 million, but grew by around 2.6 percent after excluding the negative impact of varying foreign exchange rates and the divestments of the Sugoi and Sombrio brands in the second quarter of ...
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Hövding gains momentum internationally
Sales continue to be strong for Hövding airbags for cyclists, even outside the Nordic region. The Swedish supplier raised its sales significantly in Germany in 2018, largely thanks to new contracts with SportScheck and Globetrotter, which accounted for 8 percent of total sales during the last quarter of 2018.In an ...
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361 Degrees posts mixed results
The Chinese sports company's sales inched up in 2018, thanks to the strong contribution from the kids segment; but margins and profits were down. The group's turnover increased by 0.6 percent to 5,187.4 million yuan renminbi (€682.5m-$774.2m) for the full year. 361 Degrees blamed this slow growth on fewer replenishment orders ...
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The international trade picture is getting foggier
The next days will be decisive for the future relations between the U.K. and the European Union. The picture is changing every day. Meanwhile, many foreign companies in the sporting goods sector and others have been gearing themselves up for the worst scenario of a possible exit of the U.K. ...
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Good quarter for Nike
Nike delivered a strong third quarter for the three-month period ended Feb. 28, particularly in terms of sales growth in Europe and China. On a currency-neutral basis, the Nike brand's sales went up by 12 percent in Europe, the Middle East and Africa (EMEA) and by 24 percent in Greater ...
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More efforts on digital transformation and product innovation
Nike continued to invest heavily in its digital transformation across the supply chain, allowing the company to respond more quickly to changes in demand. It added RFID chips to products and staged faster procurement processes for raw materials, reducing lead times. At the end of the supply chain, it improved ...
