Latest Headlines – Page 244
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J&F may have to sell Alpargatas
J&F Investimentos, the largest private conglomerate in Brazil, is said to be on the verge of selling Alpargatas, the parent company of Havaianas and the licensee of Mizuno in Brazil and Argentina, to help one of its own shareholders, Joesley Batista, his brother Wesley and four other executives to pay ...
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Private equity firm buys Jarden's former winter sports brands
Kohlberg & Company, a U.S. private equity firm, has agreed to take over Völkl, K2, Marker and eight other winter sports brands that were put up for sale by Newell Brands, in a deal that is expected to generate proceeds of $240 million. Newell has reached a separate agreement to ...
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Foot Locker disappoints
For once, Foot Locker's quarterly results fell short of financial analysts' estimates, sending down its share price by more than 15 percent. Total sales inched up by 0.7 percent to $2,001 million for the three months to April 29, and they increased by 1.8 percent in local currencies. The gross ...
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Change of ownership at ailing Intersport Polska
Janusz and Krzysztof Piela, the men behind one of the leading sports and outdoor distribution companies in Poland, have reportedly acquired a stake of 13.8 percent each in Intersport Polska, after the Polish retail group became independent from Intersport Germany. As reported by Reuters, these investments were paired with a ...
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Sport-Tiedje records strong annual growth
Sport-Tiedje, the German fitness equipment retailer, has reported a big sales increase of 57.3 percent for 2016 as compared to 2015. The growth stemmed from the strong performance of newly acquired subsidiaries, Laidir Leisure from the U.K., which owns the Powerhouse Fitness chain of fitness equipment stores, and Fitshop P.V. ...
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The Spanish sports market grew by 5.7% in 2016
The Spanish sporting goods market rose by 5.76 percent to €6,233.7 million at the retail level last year, according to a study presented by Afydad, the Spanish sporting goods industry association, which is making it available only to its members. Carried out by Sport Panel, which surveys the sell-out of ...
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Deckers’ sales top its own guidance
Deckers Brands posted revenues for the fourth quarter of its fiscal year ended March 31, 2017 that exceeded its own guidance, boosted by the strong performance of Hoka One One and by higher direct-to-consumer (DTC) sales. They dipped by 2.4 percent to $369.5 million, instead of an expected 5.0 to ...
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Bearpaw is targeting the European market
Another American brand of cold-weather, waterproof sheepskin boots, Bearpaw, is trying to take advantage of Ugg's weakness to expand its position as a lower-priced alternative in all the sales channels. Claiming that its shoes are of comparable quality or better for a lower price and better margins, it is making ...
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Another alternative to Ugg, called Mou
Mou is a French word that means “soft.” It is the name of a brand of comfortable, warm, eco-responsible sheepskin boots marketed worldwide by a company in Florence, Artcrafts International, that owns and distributes eight other brands. It doesn't distribute Ugg, but it has been the Italian distributor for another ...
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Eurobike is energized by e-mobility
Eurobike's organizers regard Derby Cycle's return to Friedrichshafen this year as an encouraging signal for the bicycle fair, as it continues to adjust to the e-mobility trend and prepares to shift to July dates as a trade-only event from 2018.Germany's largest bike maker had decided last year to give up ...
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Adidas reshuffles the top deck
The executive board of the Adidas Group has been reshuffled with two new members announced last week, adding up to three appointments and two departures after Kasper Rorsted's arrival as chief executive in October. The changes have entailed the appointment of a new managing director for the Adidas Group in ...
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Adidas sells TaylorMade to a private equity firm
The Adidas Group has finalized an agreement to sell TaylorMade Golf for $425 million to KPS Capital Partners, a U.S. private equity firm. Adidas bought the company in 1997 as part of its acquisition of Salomon, the French ski equipment maker, at a price equivalent to about €1.2 billion for ...
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Adidas strides ahead
The Adidas Group continued to zoom ahead in the first quarter of this year, with an ample sales rise and a sharp improvement in operating profit margin, despite pressure in the Russian market and a decline in football apparel sales.The Adidas group's turnover was up by 18.9 percent to €5,671 ...
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Asics declines in its largest markets
Underlying sales declines for the Asics brand in Europe, the Americas and Japan led to a sales decline of 4 percent to 113,052 million Japanese yen (€913.3m-$1,018.6m) for the group in the first quarter, but Asics is anticipating a recovery in the second half to end the year with a sales ...
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Zalando tests GPS-assisted deliveries
Zalando continues to be at the forefront of innovation in e-commerce with a test in Belgium of a new geolocation-assisted delivery service. By using a smartphone-enabled GPS tracking process, it will allow the shipment of its parcels directly to customers wherever they are, rather than only to their homes or ...
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Netshoes grows by 18.1%
The leading e-commerce player in Latin America, which went public on the New York Stock Exchange on April 12, announced an 18.1 percent increase in sales on a currency-neutral basis for the first quarter of 2017, with growth of 17.2 percent in the domestic Brazilian market and 23.8 percent in ...
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Mizuno’s results weighed down by U.S. and currencies
Weak sales in the Americas region and unfavorable exchange rates caused Mizuno's revenues for the 12 months ended March 31, 2017 to decline by 3.8 percent to 188.7 billion yen (€1.5bn-$1.7bn). However, on a currency-neutral basis, they inched up by 0.5 percent over the previous year.The Japan-based company blamed this ...
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Callaway posts strong results, improves guidance
Callaway Golf Company's revenues for the first quarter of 2017 were up by 12.7 percent to $309 million, with an increase of 13.3 percent in local currency. The company said that its results were better-than-expected, which led it to up its guidance for the full year.Sales were driven by the ...
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Acushnet improves its profitability
Acushnet reported a slight decline in revenues for the first quarter of 2017, but they generated higher margins than before. The drop was attributed to lingering retail softness, stemming from a number of factors, including fewer stores, fewer offerings of off-price golf clubs, isolated winter weather woes and some unusual ...
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Acushnet saves Fila Korea
The consolidation of Acushnet allowed Fila Korea to triple its net profit to 25.5 billion won (€20.4m-$22.8m) for the first quarter of 2017 and to raise its consolidated revenues by over nearly four times to KRW653.7 billion (€521.6m-$580.3m), up from KRW168.2 billion in the year-ago period.Fila Korea, which licenses out the ...
