Latest Headlines – Page 250
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Arena streamlines
Eliminating one layer of management, Arena has reorganized its Italian subsidiary, Arena Italia. Enrico Maria Tricarico, who has been the general manager of Arena Italia for the past five years, has left the company, and he will not be replaced. All the sales, marketing, merchandising, logistic and administrative functions have ...
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Dorel Sports’ revenues decline
Dorel Sports posted revenues of $235.3 million for the fourth quarter to Dec. 30, 2016, down by 7.3 percent from the fourth quarter a year earlier. Revenues declined by around 14.6 percent when removing currency rate fluctuations and the impact of the transition of Cycling Sports Group (CSG) International business ...
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Accell reaches the milestone of sales in excess of €1 billion
The Dutch group posted a 6.3 percent revenue increase to €1.05 billion for the financial year 2016. For the first time in its history, the company's turnover exceeded €1 billion. The sales growth was largely driven by higher sales of sports e-bikes and advanced sports bicycles. Meanwhile, demand for regular ...
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Technogym outperforms the fitness market
Claiming that it grew twice as fast as the market, Technogym reported an increase in revenues of 8.5 percent to €555 million in 2016, with a 10.3 percent rise in local currencies. Ebitda went up by 15.3 percent to a record level of €99.9 million and net earnings jumped by ...
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Nautilus’ sales and profits grow fast
Nautilus' fourth-quarter revenues jumped by 15.2 percent over the year-ago quarter to $125.8 million, driven by the company's recent purchase of Octane Fitness, a complementary firm in the fitness equipment sector. However, the company recorded weak organic sales in the retail and direct segments.The company said that its international business ...
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Fitbit posts a $125m loss in Q4
As expected, Fitbit released disappointing results for the fourth quarter of 2016, and this has led the company to reorganize its activities around two segments. One of them, Consumer Health, will focus on developing a streamlined set of health and fitness devices, entering new markets such as smartwatches and offering ...
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Garmin’s outdoor segment gains 46%
Garmin posted strong earnings and revenues for the fourth quarter that beat analysts' forecasts, largely driven by sales of wearable devices. Total sales rose by 10.0 percent to $861 million, beating the consensus estimate of $792.9 million reported by Thomson Reuters, with outdoor, fitness, marine and aviation collectively jumping by ...
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Sequential Brands makes deals in Brazil and China
Sequential Brands Group, which owns and licenses a raft of sports and fashion brands, says that it has entered into a long-term license agreement with SPR Indústria de Confecção to distribute three of them in Brazil: the And1 basketball brand, the Avia active lifestyle brand and the DVS skate brand.The ...
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WFSGI opens up platform for joint audits and common CSR standards
The Responsible Sport Initiative (RSI) platform was launched last year by bicycle companies in the World Federation of the Sporting Goods Industry (WFSGI), to organize joint audits working with unified corporate and social responsibility standards (CSR). This year the platform is open to companies in other sectors of the industry, ...
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Connected, Ispo breaks new records
The increasingly international and “connected” Ispo Munich trade show witnessed more than 85,000 daily passages through its turnstiles at its Feb. 5-8 edition, or about six percent more than last year's score of 81,368 visitor/days. They came from 120 countries and the largest increases were recorded from Italy, Russia, the ...
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Decathlon grows by 12%
Without providing a more specific figure, Decathlon announced a few days ago another increase of 12 percent in its total sales to a new record of around €10 billion before sales taxes for 2016. It also reached a new record with one billion items sold at its stores around the ...
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Decathlon looks at Austria and Switzerland
Decathlon has several other new markets on the radar, after an anniversary year in which it entered five of them and opened many new stores, helping to lift its total sales above €10 billion in connection with its 40th birthday (see the previous article in this issue). This year, it's ...
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XXL grows fast, looks around Austria and at Russia
Last year was a good year for XXL, the leading Nordic sporting goods retailer based in Norway. It posted revenues for the fourth quarter of 2016 that were up by 17.5 percent over the year-ago quarter to 2,151 million Norwegian kroner (€242.4m-$258.1m), with a 4.2 percent increase on a comparable ...
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New leader, new markets for Sport 2000 International
Sport 2000 International is entering two new markets. It has signed a partnership with a company in Dubai, the Falaknaz Sports Group, for the states of the Gulf Cooperation Council (GCC), and is about to finalize a contract with a Spanish buying group, Base Detall Sport, for the local market. ...
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Intersport Deutschland grows slowly
The Intersport cooperative in Germany is launching a multitude of new projects this year on the digital front and others, after booking an increase in the turnover of its retail members in the country of just one percent to €2.90 billion in 2016, due in particular to a weak Christmas ...
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Sport 2000 Germany makes a digital shift, too
Sport 2000 Germany reported on the first day of the Ispo Munich fair that its affiliated retailers raised their sales by 0.6 percent to €1.84 billion in 2016, as compared to the previous year. The voluntary group expects that they will grow by more than 3 percent in 2017.The growth ...
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WFSGI forum discusses online retailing
The impact of online retailing and ways for retailers to adjust their concept formed the central topic of the World Sports Forum organized by the World Federation of the Sporting Goods Industry (WFSGI) as part of its annual gathering in Munich on Feb. 4.John Terra, retail research director at Q&A, ...
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A Nike executive will chair WFSGI under a new structure
Sean O'Hollaren, senior vice president in charge of government and public affairs at Nike, was elected for a three-year term as chairman of a renewed board at the World Federation of the Sporting Goods Industry (WFSGI), at the federation's general assembly in Munich on Feb. 4.O'Hollaren was previously a representative ...
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Canada Goose seeks a $2 bn valuation in IPO
Trying to replicate the commercial and financial success of Moncler, the Canadian brand of down-filled outerwear has filed applications to go public on the stock exchanges of New York and Toronto. While the pricing has yet to be determined, Canada Goose Holdings indicates that it considers its worth at around ...
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Europe leads an upswing at Puma
Europe played a substantial part in the rise of Puma's sales and profits in the last quarter, which pushed up its performance for the full year and encouraged the group to predict a continued increase in turnover and significant growth in earnings for this year.The entire Puma group's sales jumped ...
