Latest Headlines – Page 236
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American retail tensions flatten Amer Sports’ sales
A rise in underlying sales of outdoor apparel helped Amer Sports to slightly raise the turnover of its outdoor division for the third quarter, but the group's sales were flattened by sluggishness in the American wholesale market, which led to declining sales in ball sports and a flat turnover in ...
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Callaway's results top expectations
Callaway Golf's expansion drive is proving successful. The company posted results for the third quarter of the year that exceeded its own guidance, driven by strength in its woods business, continued growth in golf balls and the successful integration of its new business ventures.Earlier this year, the group bought Ogio ...
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Vans strides ahead
There were no signs of a slowdown in the third quarter for the Vans brand, which delivered a 26 percent sales increase in constant currencies and led the growth of the outdoor and action sports division at VF Corp.The performance encouraged VF to raise its forecast again for this full ...
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Buoyant European demand for Columbia
Columbia Sportswear has met robust demand in Europe, the Middle East in Africa (EMEA) in the third quarter, with a regional sales increase of 15 percent in constant currencies.The increase has helped the U.S. outdoor company to report a sales increase of 1 percent to $747.4 million for the quarter. ...
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Helly Hansen buys Musto
Helly Hansen has agreed to purchase Musto, a British brand of sailing apparel, which will help to reinforce the Norwegian group's business in the sailing category and its presence in the U.K. sailing and outdoor markets.Musto was acquired for an undisclosed sum from Phoenix Equity partners and other shareholders, but ...
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Groupe Royer acquires Hungaria
Groupe Royer, the French company that owns many footwear brands and distributes many others, including several important brands of sports shoes, has added the ownership of Hungaria to its portfolio. According to reports by sport-guide.com, Hungaria had recently gone through a restructuring phase and some job cuts.Based in Gonesse, France ...
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Carlyle buys 50% of Supreme
The Carlyle Group has acquired a 50 percent stake in Supreme, the disruptive American skate brand whose collaborative business model has spread throughout the sports and fashion industries, according to Business of Fashion.Carlyle, which has already put a lot of money into a growing fashion-oriented functional apparel brand, Moncler, and ...
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Moncler posts double-digit sales growth
Moncler posted consolidated revenues of €736.8 million for the first nine months of 2017, representing a 15 percent increase from the first nine months of 2016 at current exchange rates, or a 16 percent increase at constant exchange rates. All regions posted double-digit growth with the exception of Italy, where ...
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BasicNet posts mixed results for its brands
The parent company of K-Way, Kappa, Robe di Kappa, Superga and other brands reported aggregate wholesale-equivalent sales of €570 million for the first nine months of this year, an increase of 2.4 percent as compared to the first nine months of 2016. Sales by the group's commercial licensees increased by ...
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Deckers’ results improve
Following several quarters of mixed results, Deckers Brands posted a solid quarter that topped analysts' expectations. This led the company to raise its full-year outlook. It now expects sales for the year ending March 31, 2018 to go up in a range of one to two percent as compared with ...
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Accell appoints Ton Anbeek as its new CEO
Accell has announced the appointment of Ton Anbeek as the group's new chief executive and chairman of the board. The decision follows the resignation in April of René Takens, the previous chief executive and chairman of the board. Takens had been at the helm for 18 years. Under his leadership, ...
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Rapha targets 100 store in 10 years
Rapha opened its first German store on Oct. 23. The store is located in the heart of Berlin, at 5 Alte Schönhauser Strasse. It will sell the four performance lines of the British upmarket cycling apparel brand as well as Rapha's urban line, City. The store aims to attract customers ...
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Shimano’s profits fall by 23%
Shimano saw its net income for the first nine months of the year tumble by 23.7 percent from the year-ago period to 28,104 million yen (€144.1m-$167.8m). Sales inched up by 1.8 percent to ¥245,969 million (€1.9bn-$2.2bn).The Japanese maker of bicycle components and fishing products blamed the profit dip on a weak ...
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Rapala records weak sales in Europe
Rapala VMC posted revenues for the first nine months of the year that were down by one percent to €201.4 million as compared to the same period a year ago. On a constant-currency basis, they declined by 2 percent.The company said the trading environment was especially challenging in the U.S., ...
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Stella records slight dip in revenues despite volume rise
Stella International's revenues for the three months to Sept. 30 decreased by 2.5 percent from the same quarter last year to $443.5 million. However, volumes rose by 4.1 percent, with 15.2 million pairs of shoes shipped by the Chinese company during the period. The company said this was due to ...
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World Snowboarding will replace the World Snowboard Tour
The World Snowboard Federation (WSF) has announced the completion of the merger with TTR Pro Snowboarding (TTR). Starting with the 2017/18 season, the merged entity will offer direct membership for the sport's stakeholders. Following the merger, the World Snowboard Tour brand name will cease to exist. All existing and future ...
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Fesi will work more closely with WFSGI
The European Federation of the Sporting Goods Industry (Fesi) has announced the resignation of its president, Luca Businaro, and its secretary general, Alberto Bichi, ahead of the general assembly of the organization, which is due to be held in Brussels on Nov. 23-24. Their resignation follows a meeting of Fesi's ...
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Small growth for the European sporting goods market in 2016
In terms of local currencies, the sporting goods market rose by 3.0 percent last year in the 15 major markets in Western Europe that we track every year, down from an increase of 3.8 percent recorded in 2015. Translated into euros, consumption of sporting goods increased by only 1.0 percent ...
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Sport 2000 enters Spain and Hungary
After more than a year of discussions and negotiations, Sport 2000 International has re-entered the Spanish market by signing an agreement with the Base Detallsport group. We understand that Sport 2000 International has also signed a contract with a new partner in Hungary, taking over responsibility for the territory from ...
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JD founders said to plan IPO for Footasylum
John Wardle and David Makin, the founders of JD Sports, are preparing for the launch of their second sports retail business on the London Stock Exchange, Sky News reports. The initial public offering (IPO) of Footasylum, which has grown to 59 stores around the U.K., was said to be targeting ...
