Latest Headlines – Page 205
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Alpargatas ends the year on a high
Driven by the strong performance of Havaianas in Brazil and a 29.3 percent increase in the brand's international operations, Alpargatas' profitability surged in the fourth quarter of 2018. The Brazilian group benefited from favorable exchange rates overall, with the notable exception of Argentina, which is facing an economic crisis.Alpargatas' consolidated ...
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Nautilus’ CEO resigns as new coaching platform doesn’t meet expectations
Nautilus announced on March 1 the resignation with immediate effect of its chief executive, Bruce Cazenave, who has run the American fitness equipment company for the past seven years, leading it through the acquisition of Octane Fitness in 2016 and other strategic moves. M. Carl Johnson III, chairman of the ...
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Improved results for Black Diamond’s parent
Again beating analysts' forecasts, Clarus Corp. reported a 9 percent increase in revenues to $57.3 million for the fourth quarter of 2018, with no currency effects, accompanied by a 27 percent jump in adjusted net earnings to $5.9 million. The gross margin improved by three percentage points to 35.6 percent, ...
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Best quarter ever for New Wave
The New Wave Group, the Swedish company behind Craft and Cutter & Buck, said the fourth quarter “goes down in history” as the best so far for the company. Sales jumped in the three months ended on Dec.31 by 19 percent to 1,940 million Swedish kronor (€183.8m-$209.4m), or by 14 ...
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Moncler posts double-digit growth in all regions and channels
Moncler recorded consolidated revenues of €1,420.1 million in 2018, an increase of 22 percent at constant exchange rates and of 19 percent in euros as compared to 2017. The growth continued to be strong also in the fourth quarter, with revenues up by 20 percent both at constant and at ...
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Surf and mountain sports boost Lafuma’s results
Groupe Lafuma's turnover improved by 5.8 percent to €169.8 million in 2018, with each division contributing to the growth. The group's operating income jumped by 12.5 percent to €7.1 million.The management noted that the last year was marked by increased political and economic instability, including the Brexit discussions and the ...
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Globe International boosts profits by 25%
After a strong fiscal 2018, Globe International's earnings rose again during the first half of its financial year. Net profit after tax rose by 25 percent to 4.3 million Australian dollars (€2.7m-$3.0m) for the six months ended on Dec. 31, 2018, with Ebitda rising by 23 percent from the year-ago ...
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Fitbit turns around
Thanks to strong sales of smartwatches and cost cutting efforts, Fitbit managed to turn things around in the fourth quarter and the year 2018. For the full year the company's revenues were still down by 6.4 percent to 1,512 million, and around 44 percent of them came from smartwatches, up ...
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Garmin sees strong margin growth
Led by a strong performance by its aviation, marine, outdoor and fitness segments, Garmin recorded a significant improvement in gross and operating margins for the fourth quarter.Total revenues were up by 4 percent to $932 million, with marine, aviation, fitness and outdoor collectively growing by 13 percent from the year-ago ...
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Giancarlo Zanatta, what a man!
Giancarlo Zanatta, the builder and former president of the Tecnica Group who turned 80 in February 2018, took the opportunity of the Ispo show in Munich last month to present his autobiography, which reveals the interesting journey of a man who, over 63 years of hard work, built up a ...
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Sympatex markets its sustainability image
Sympatex is highlighting its focus on sustainability in a highly competitive market for waterproof/breathable membranes. At the Ispo Munich trade show earlier this month, the management of the Munich-based maker of functional materials strived to convey this message by saying that it is the right thing to do from the ...
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New sports proposed for Paris 2024
Breakdancing, skateboarding, sport climbing and surfing might be part of the program of the Paris 2024 Olympics. The Organizing Committee of Paris 2024 (COJO) has put forward its proposal for these new sports to be included. Thanks to new provisions in the Olympic Agenda 2020, the strategic roadmap for the ...
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Distributors wanted for a back-pain relief system
Percko, a French company that makes an unique line of apparel designed to reduce back pain, is about to launch a new connected device called Wavii. It consists of a sensor placed on the upper back, linked to a proprietary smartphone app, that is intended to analyze the person's posture ...
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Footasylum returns to its roots
JD Sports Fashion has acquired a stake of 18 percent in 8,676,878 shares of Footasylum, the U.K.-based retailer of sneakers and sports apparel. JD announced first that it had bought 8.3 percent of the shares, but then Footasylum said that JD's stake had risen to more than 18 perent. ...
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Decathlon grows more slowly, changes policies
Admitting that it had made some mistakes, which are now being corrected, Decathlon announced a major slowdown in its growth at a press conference held in Lausanne last Friday, the first to have been held outside France. It also gave for the first time some data about its bottom line, ...
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New initiatives in Switzerland and elsewhere
Just before the conference in Lausanne, journalists were treated to an interesting visit to a former Athleticum store that has been converted to the Decathlon format since the shareholders of Decathlon and those of the Swiss chain Maus Frères formed a joint venture for the Swiss market (SGI Europe Vol. ...
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XXL posts disappointing results
The leading sports retailer in the Nordic countries said its sales volumes in the fourth quarter were lower than expected in all the markets where it operates. XXL's interim management admitted that the group ended up losing money in November because of poor execution. The weather was not helpful either. ...
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Intersport Germany’s sales down in 2018
At this year's Ispo show in Munich, Intersport Germany reported the first drop its retail sales in many years, which no doubt had an effect on the relatively weak performance of Intersport at the international level (see our previous issue). The retailers affiliated with the German-based group recorded retail sales of €2.85 ...
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Sport 2000 Germany replaces kids’ skis
Sport 2000 performed a little better than Intersport in Germany last year. Its German retail organization reported at Ispo that it would be launching a new “kids club” from the next autumn/winter season in cooperation with more than 120 retailers. As a result, customers will be able to trade in ...
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Foot Locker invests in the secondary sneaker market
Acting through a subsidiary, Foot Locker is investing $100 million in Goat Group, an international marketplace for second-hand sneakers that operates through e-commerce websites, mobile apps and its own retail stores. The two companies will be pooling their resources on digital and physical retail platforms to create “exclusive customer experiences.” In ...
