Latest Headlines – Page 241
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Asics Europe launches a transformation plan
After a slump in sales for the first half of this year, Asics Europe said it has embarked on a “transformation plan” to support its growth around Europe, the Middle East and Africa (EMEA) by 2020, with the expansion of its regional retail network from 26 to more than 100 ...
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Stronger growth again in sports shoes than garments
This came out for the fourth year in a row from the annual study conducted by Sporting Goods Intelligence on the global branded athletic footwear and apparel markets. While the sports shoe market grew by 8.5 percent to an estimated $57.97 billion last year in terms of the vendors' revenues, ...
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Adidas raises guidance, sells CCM Hockey
The Adidas Group has again raised its guidance for the full year, after its sales increased by 20 percent to €5.0 billion for continuing operations in the second quarter, up by 19 percent in constant currencies, and operating profit surged by 18 percent to €505 million.The group issued preliminary figures ...
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Top executives earned less at Nike last year
The Nike group's disclosure on executive compensation shows that most of the group's top executive team suffered double-digit pay cuts for the fiscal year to the end of May – although it was from reduced stock options and share awards, as opposed to salary. Mark Parker, the company's chief executive, ...
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Skechers’ sales rise by 17% but foreign costs keep profits down
Skechers USA's results for the second quarter topped expectations, due in part to strong double-digit growth in its business outside the U.S. Total revenues hit a new record of $1,030 million, which represents an increase of 16.9 percent over the second quarter of 2016. When it reported first-quarter results in ...
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The low pound sinks Sports Direct’s profit
Sports Direct International (SDI) saw its underlying operating profit before tax more than halved for the full year to the end of April, but the collapse was mostly blamed on exchange rate changes and depreciation charges, while the sports retailer raised its sales in the U.K. and other European markets.SDI ...
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SDI invests in flagship stores and management
Mike Ashley, majority shareholder and chief executive at Sports Direct International (SDI), was apparently unfazed by the group's sharp decline in profit for the fiscal year to the end of April, as he explained that the retailer has strongly invested in upgrading its store concept and is moving toward its ...
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Pentland’s Ebit grows beyond 10%
The Pentland Group has reported a 21 percent increase in total revenues to £2.9 billion (€3.2bn-$3.8bn) in 2016, driven by the ongoing expansion of JD Sports Fashion, the U.K.-based retailer in which it has majority control.The group's operating profit jumped by 50 percent to £331 million (€370.4m-$432.5m), up from £220 million ...
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Sport 2000 grows by 4.5%, eyes new markets
After its entry into the Middle East earlier this year, via Leader Sport, Sport 2000 International is planning to targeting the markets of Spain, Hungary, Greece and the Balkan states. It hopes to wind up master licensing agreements in at least some of these countries before the end of the ...
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The head of Intersport U.K. leaves for Al Mana in the Gulf States
Tom Foley, who has been general manager for Intersport in the U.K. and Ireland for more than six years, has been appointed to take charge of the sports retailing arm of the Al Mana Group in the Gulf States.The Al Mana group is a conglomerate operating in the automotive, real ...
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Margins under pressure at XXL in Q2
After a disappointing performance in the first quarter, XXL ASA posted stronger sales results in the second quarter, with revenues up by 8.0 percent over the year-ago quarter to 2,054 million Norwegian kroner (€220.4m-$256.8m), leading to a 5.2 percent increase for the first half of the year.The leading sporting goods ...
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U.S. consumers prefer to buy Nike on Amazon than Foot Locker
Surprisingly, U.S. consumers preferred to buy Nike products on Amazon than at Foot Locker stores in the first half of this year. According to a new survey conducted by UBS among 1,000 American consumers, their preference for Amazon rose to 13 percent of the sample during the period from 10 ...
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Competing with Amazon, Zalando goes premium
Zalando, which is also a major client for sports apparel and footwear brands in Europe, suffered one of its worst days of trading in more than two years, with the share price dropping by 8.2 percent, as the German-based e-commerce giant reported an unexpectedly strong slowdown in its growth. In ...
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Plutosport moves into southern Europe
Plutosport launched its electronic store in France and Italy last month, as the Dutch online sports retailer is continuing to cautiously expand across European countries.Plutosport reported sales of €15.8 million last year and is anticipating growth to about €20 million this year, about 80 percent from the Netherlands. The company ...
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Bronder will run Jarden’s former winter sports brands
Christoph Bronder, the executive who has apparently worked wonders with Völkl while keeping the German ski brand's production in Germany, has been named as president and chief executive of K2-MDV Holdings, the new company set up by Kohlberg & Company to group together all the winter sports brands it has ...
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Meager sales rise and wider loss for Amer
Amer Sports saw its sales almost flatten and its operating loss widen in the seasonally weak second quarter, but it remains upbeat about the second half of the year and the impact of investments to align its operations with market changes.The group's sales were up by 2 percent to €487.3 ...
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International outdoor, action sports lift VF
VF Corporation slightly raised its guidance for the full year after sizeable gains for its largest sports and outdoor brands in the second quarter. They were driven by own retail sales and international markets, with particularly buoyant demand for The North Face in Europe.The seasonally small quarter marked another shift ...
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Columbia to ramp up online investment
Columbia Sportswear has embarked on a project to increase brand awareness and sales growth across its wholesale and retail business, with a focus on digital sales and infrastructure. This comes after an assessment of the outdoor group's operating model, which has already led to a substantial management reshuffle last month.The ...
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More double-digit growth and high margins at Moncler
Moncler reported consolidated revenues of €407.6 million for the first half of the year, up by 17 percent at constant exchange rates and 18 percent at current exchange rates as compared to the first half of 2016. The second quarter was the 14th consecutive quarter of double-digit growth for Moncler ...
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Rapha is reported to near a £200 million sale
Invus Group is reportedly the leading potential bidder for Rapha, the upmarket British cycling apparel brand, with a price tag estimated in the range of £200 million (€224.1m-$261.4m). Sky News has reported that the U.S. equity investment firm is the frontrunner on a shortlist of just two remaining parties interested ...
