Latest Headlines – Page 238
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Thule sets higher profit goals
The Thule Group has raised its financial forecast, setting a long-term goal to generate an underlying operating margin (Ebit) of about 20 percent of sales, up from a previous target of 17 percent. It is still projecting, as before, annual organic growth in sales of around 5 percent.The reason for ...
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Thule develops a new modular retail solution
Thule is offering retail stores a modular solution for easier viewing of the company's products, seeing it as a move to strengthen its presence in the retail stores and to facilitate the customers' choice of the products. It is already in use at Thule's own brand store in Malmö, Sweden.The ...
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Adidas and Puma deploy stores in India
Growing Indian demand for training and athleisure products is fueling increased sales in the country for some of the leading international brands, which are starting to deploy their own stores in the country.The Adidas Group reportedly achieved the strongest gains as its sales reached 1,513 crore rupees (€195.8m-$231.8m) for the ...
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Duca del Cosma builds up internationally
After his takeover of Duca del Cosma last year, Frank van Wezel has rapidly built up offices and an international distribution network for the golf footwear brand, to start selling two distinct ranges for the golf course and the street.Van Wezel is the founder of the Hi-Tec and Magnum brands, ...
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Zalando works with a U.S. sneaker retailer
Zalando has struck its first transatlantic retail alliance by extending its partnership program with retailers to a premium American retailer of sneakers and streetwear, Stadium Goods, which tends to offer the latest limited editions of hot products at its two physical stores in New York and on its website in ...
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Russians are rushing for sneakers
Sneakers and other types of sports shoes are rapidly replacing a large part of the classical footwear used in Russia, and this trend is expected to continue at least until 2020, according to several market studies and the local media.In the most recent selling season, this type of product accounted ...
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Atomic and Salomon quit Ispo
Atomic and Salomon, two brands that jointly claim a share of 35 percent in the difficult alpine ski equipment market, have decided not to exhibit at the next Ispo Munich show, scheduled for Jan. 28-31. In giving out the news, their parent company, Amer Sports, added that it has agreed ...
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Decathlon is entering more new markets
As we had already reported at the beginning of this year (SGI Europe vol. 28 N° 5+6 of Feb. 22), after opening its first stores in Mexico, the Ivory Coast, Singapore, Slovenia and Malaysia in the course of 2016, Decathlon had planned to move this year into Austria and Switzerland, ...
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Intersport and XXL gain from SDI’s weakness in Austria
As XXL and Decathlon are entering the country, Intersport Austria plans to open 14 new stores by the end of this year, with a combined retail surface of around 18,000 square meters. For the members of the voluntary group, which are said to have become more profitable than before, it ...
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El Corte Inglés scores well online
The growth of El Corte Inglés, whose department stores still have a big share of the Spanish sporting goods market, slowed down to 2 percent in the financial year ended Feb. 28, reaching a level of €15.50 billion.Marking the third year of its financial recovery, the group's Ebitda improved by ...
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Sport Zone’s parent improves results
The Sonae Group raised its total turnover by 8.0 percent to €2,603 million in the first half, fueled by a 10.0 percent increase in the second quarter. The Portuguese group's underlying Ebitda went up by 9.2 percent to €116 million during the six-month period, leading to an Ebitda margin of ...
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Foot Locker’s abrupt drop raises questions
Are traditional brick-and-mortar sports retailers like Foot Locker losing market share to sneaker shops or pure players in the e-commerce space like Amazon or Zalando? Or is the strong athleisure trend of the last few years suddenly losing steam, at least in the athletic footwear retail sector, where Foot Locker ...
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Good growth for Peak Performance
Peak Performance raised its revenues by 11.9 percent in constant currencies during the fourth quarter of IC Group's financial year, ended June 30, leading to growth of 10.0 percent on a reported basis to 121 million Danish kroner (€16.3m-$19.4m) for the period. The brand generated an operating loss in the seasonally ...
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New Wave keeps growing
The New Wave Group, the Swedish company behind Craft, posted a 12th consecutive quarter of growth, with sales for the three months ended June 30, 2017 jumping by 9 percent to 1,372 million Swedish kronor (€143.8m-$169.1m), or by 5 percent excluding currency fluctuations. Operating profit rose by 10.0 percent over ...
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Billabong claims to be turning around
Billabong International recorded heavy losses for its fiscal year ended June 30, 2017, after writing down the value of several of its brands. It posted a net loss of $77.1 million Australian dollars (€51.3m-$61.3m), compared with a net loss of A$23.7 million a year earlier. But the company said that it ...
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Globe blames a downturn in skateboard market for lower sales
Globe International saw its revenues for its financial year ended June 30 decline by 7 percent to 140.5 million Australian dollars (€94.2m-$111.2m), or by 5.0 percent in constant currencies.The drop was blamed on a downturn in the market for skateboard hardgoods in the Northern Hemisphere, particularly in Europe and in the ...
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Mizuno returns to profits despite lower sales
Weak sales in Japan and unfavorable exchange rates caused Mizuno's revenues to decline by 5.1 percent to 45,900 million yen (€358.5bn-$420.9bn) in its first fiscal quarter, ended June 30. They decreased by ¥1.5 billion (€11.7m-$13.7m) due to the depreciation of several currencies against the yen.However, the Japan-based company managed to ...
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Alpargatas faces difficulties in Brazil
Alpargatas' global sales, which now stem mainly from its Havaianas brand of sandals and a license with Mizuno, fell by 15.1 percent to 859.6 million reais (€232.6m-$272.4m) in the second quarter, weighed down by a challenging retail market in Brazil, where the group's sales dropped by 21.9 percent to R$445.7 ...
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Olympikus drives Vulcabras’ improved results
Vulcabras, the Brazilian company that owns the Olympikus brand of sports shoes, continued to improve its results in the second quarter ended June 30, with a big jump in the net profit to 77.6 million reais (€20.7m-$24.7m) from R$2.3 million in the same period a year ago.The company's total net ...
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Crocs will appeal to protect its classic clog design
The U.S. Patent & Trademark Office (USPTO) announced a few days ago a third verdict invalidating the D517789 design patent – known also as the ‘789 patent - issued to Crocs in 2006 for its molded Classic Clog, ruling that it was anticipated by a prior design published a year ...
