Latest Headlines – Page 221
-
Article
Rip Curl invests in European retailing
Through the first half of this year, Rip Curl will have opened four new stores in Europe as part of a strategy to invest in directly operated retail facilities and in functional action sports products.After the closure of a handful of unprofitable stores in recent years, Rip Curl boasts a ...
-
Article
Analysis: The sports equipment market 2017
Some improvements in golf, cycling and other sectors largely offset a general weakness in the outdoor, fitness and electronics categories in 2017, leading the global sports equipment market to book an increase of just 0.2 percent to $76.1 billion for the year in terms of sales to the trade. It ...
-
Article
Intersport goes omni-channel in China
With the help of the Alibaba Group, one of Intersport International Corporation's three licensees in China is providing customers with a convergence of online and offline shopping in one of Intersport's 24 stores in China. Intersport says it's the first megastore for sports and fashion products using the New Retail ...
-
Article
Intersport Germany's CEO resigns
Kim Roether is preparing to stand down by the middle of June as vice-chairman of the board at Intersport International Corporation (IIC) and chief executive of Intersport Deutschland, citing personal reasons.An assembly of Intersport staff members was informed earlier this week about the resignation. Roether has been on the management ...
-
Article
With China in mind, Rossignol gets a new investor
IDC Capital, a New York-based investment fund that has already made many important investments in Chinese companies, has acquired a stake of nearly 20 percent in the Rossignol Group. One of the goals is to help the French company to optimize its penetration of the growing Chinese market for winter ...
-
Article
Fischer buys One Way Sport, Asics expands in the Nordics
Fischer Sports has acquired the trademarks, patents and other intellectual property rights of One Way Sport, a major Finnish-based producer of cross-country ski poles that diversified into many other sectors during the 14 years of its existence. Using its know-how in the use of composite materials and its international sales ...
-
Article
Head grew by 4% in 2017
Head has reported that its total sales grew last year by 4.0 percent to €428.1 million, mainly due to higher revenues in the group's winter sports and diving divisions, generally in line with overall market trends. As previously reported in SGI Europe, the group's sales in the winter sports sector ...
-
Article
Babolat invests in China
Babolat has set up a new subsidiary in Guangzhou and is making other investments to push its presence in the big market for badminton racquets in China and the rest of Asia, which is dominated by Yonex.Babolat is still the number one brand in the declining Japanese tennis market, and ...
-
Article
Yonex grows more in tennis than in badminton
Yonex' sales rose by 1.9 percent to 62.2 billion yen (€477.7m-$565.2m) for the financial year ended March 31. Sporting goods sales increased by just over one percent in Japan and China. The company's comprehensive net income fell by 17 percent to ¥2.26 million (€17.4m-$20.4m). Excluding the foreign exchange effect and ...
-
Article
Prince regains some ground in Europe
The Prince brand has been regaining some ground in the European market in recent months, according to its management, as the brand's latest European licensee has started to restructure retail distribution with a focus on performance products.The license for the Prince brand for Europe, the Middle East and Africa (EMEA) ...
-
Article
Lacoste and Tecnifibre work on synergies
Lacoste is working together with Tecnifibre, the French tennis specialist that it bought last October, to develop interesting synergies in the areas of product development, distribution and sports marketing for the benefit of both brands.With sales of more than €2 billion, Lacoste is much bigger than Tecnifibre, which had sales ...
-
Article
Fusalp goes through a capital increase
Fusalp, the iconic French skiwear company acquired by members of the Lacoste family five years ago, has opened up its equity to new investors who have acquired 12 percent of the shares through a capital increase. The proceeds are due to be reinvested to help the brand to expand into ...
-
Article
Foot Locker performs better than expected
Foot Locker reported a drop in net income to $165 million in the first quarter ended May 5 from $180 million in the year-ago period, but this included an extraordinary charge of $12 million related to a pension issue. The gross margin was off by 1.1 percentage points, down to ...
-
Article
Sport Pursuit launches an online store for Eurosport
Eurosport has teamed up with Sport Pursuit to launch an e-commerce platform, Eurosport Shop, which markets sports, outdoor and endurance brands to an audience of millions of consumers across Europe.Under the multi-year partnership, Sport Pursuit takes care of all e-commerce and back-end functions, including brand relationships, order processing, distribution and ...
-
Article
Football brand competition kicks off for World Cup
Just a few weeks before the kick-off for the football World Cup, the competition is already in full swing for suppliers – with Adidas in the lead for the number of outfitted teams but Nike claiming a majority of the players with the Swoosh at their feet.Adidas is outfitting 12 ...
-
Article
Macron nears the €100 million sales target
Predicting that its turnover will reach the €100 million threshold in 2018, one year earlier than scheduled under its latest business plan, the leading Italian producer of sports teamwear is planning to move into a new head office in Bologna by 2020 to cope with the steady expansion of its ...
-
Article
Le Coq Sportif returns to profitability
Le Coq Sportif returned to profit last year on a sales increase of 9 percent to €117.5 million, after a strong second half. The rise was driven by growing demand for its apparel, which has been stimulated by hundreds of dedicated retail corners.The brand saw a sharp increase in its ...
-
Article
Bogner predicts a return to growth
Bogner anticipates that it will manage a turnover rise in the fiscal year to the end of October, after a 2.5 percent decline in operating revenues to €150.6 million for the previous year.The German winter sports apparel company's turnover was down in both its wholesale and retail business for the ...
-
Article
Lululemon’s shares hit record high on upbeat results
After a particularly strong 2017, Lululemon Athletica continued on its upward trend during the first quarter ended April 29. Thanks to higher-than-expected sales from a revamped e-commerce platform, the company's results largely exceeded analysts' expectations and the company's own guidance. Revenues were up by 25 percent to $650 million, or ...
-
Article
Inov-8 is expanding quickly
The British brand of running shoes is reporting a particularly strong 60 percent increase in forward orders in the Europe, the Middle East and Africa (EMEA) region, led by Scandinavia, Germany and the U.K. Globally, the company's orders for off-road footwear are up by 20 percent, with significant growth in ...
