Latest Headlines – Page 258
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Stella focuses on “athleisure” to counter falling sales
Stella International saw revenues for the nine months ended Sept. 30 tumble by 12.7 percent over the year-ago period to $1,192.8 million. While its retail business in China began to recover in the third quarter, rising to the equivalent of $16.1 million, revenues from manufacturing declined by 18.3 percent to ...
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Weak U.S. wholesale market impacts VF
The North Face's turnover soared by 20 percent in constant currencies for the third quarter in Europe, the Middle East and Africa (EMEA), but this ample rise could not make up for weakness in the North American wholesale market. This has more broadly affected sales at VF Corporation, the owner ...
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New investor and new plans in Austria for XXL
After studying the local market conditions, XXL ASA will soon launch its big-box, low-cost format on the Austrian market. The group says it has already signed its first two leases in the country, with a view to open at least one store at the end of 2017.XXL said that Austria ...
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Chains outperform global market growth
The 72 largest integrated sporting goods retail chains saw their combined sales grow by 7.5 percent on a currency-weighted basis in 2015, according to our annual study of the global retail market. Translated into U.S. dollars, their sales inched up by 1.2 percent to a net total of almost $93 ...
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NPD sees steady growth in the global market
The global sporting market grew by 5 percent on a currency-neutral basis in 2015, reaching a record level of $392 billion in terms of consumption, according to the NPD Group. For the international market research company, it was the fifth consecutive annual increase of 5 percent, after a problematic period ...
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E-commerce accounts for nearly 1/4 of European sales of softgoods
In the so-called European “Big Five” countries for sporting goods – Germany, U.K., France, Italy and Spain - online sales accounted for 24 percent of sports footwear and apparel sales in value in the 12 months to June 2016, according to the NPD Group. This compares to an average 22 ...
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Norway helps XXL pull off strong quarter
XXL ASA, the Norwegian-based sporting goods retailer, continued to grow at strong double-digit rates in the third quarter. It delivered revenues of 2,080 million Norwegian kroners (€230.1m-$252.2m) for the period - up by 19.0 percent over the year-ago quarter - driven by new stores and e-commerce, along with an unusually ...
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New investor and new plans in Austria for XXL
After studying the local market conditions, XXL ASA will soon launch its big-box, low-cost format on the Austrian market. The group says it has already signed its first two leases in the country, with a view to open at least one store at the end of 2017.XXL said that Austria ...
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Belle reports 19.7% lower profits
Belle International's net income for the six months ended Aug. 31, 2016, tumbled by 19.7 percent over the year-ago period to 1,733 million yuan renmimbi (€234.0m-$261.0m), as the group's footwear business faced challenges. The Chinese retailer said changes in foot traffic across various retail channels as well as shifting style ...
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Nike’s Chelsea and Barca deals confirmed
The Barcelona football club has confirmed an extension to its long-term partnership with Nike, which should be worth at least €155 million per season from 2018, making it the largest such deal in European football and marking yet another escalation in the dizzying rise in prices for leading European clubs.On ...
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Unstable U.S. market dampens Amer’s growth
Outdoor apparel and footwear sales at the Amer Sports Group have taken a break from the double-digit increases delivered in the first half of this year, but the outdoor category still supported the growth of the entire Finnish group in the third quarter.Amer's sales reached €736.8 million for the three ...
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Garmin's fitness and outdoor segments post double-digit sales growth
Garmin posted revenues of $722.3 million for the third quarter ended Sept. 24, which represent a 6 percent growth versus the previous year's third quarter. Growth was driven by fitness, outdoor, marine and aviation, which collectively grew by a combined 24 percent, and contributed 70 percent of total revenues. The ...
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TomTom lowers guidance after poor PND sales
TomTom lowered its full-year sales target to €980 million from €1,050 million, after preliminary figures showed sales of its personal navigation devices (PNDs) dropped more than expected in the quarter ended September 30, 2016. Noting that the European PND market is experiencing a faster rate of decline in terms of units ...
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Reshuffle of cycling fair dates
The calendar of bicycle trade events is getting reshuffled as both Eurobike and the Taipei Cycle Show have announced new dates for 2018, seven weeks earlier for Eurobike and five months earlier for the Taiwanese fair.Next year's Eurobike will open on Wednesday, August 30, along the same lines as in ...
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Adidas unveils Speedfactory shoe
Adidas unveiled the first shoe made at its fully automated German factory last month. The Futurecraft MFG (Made For Germany) that came out of the Adidas group's Speedfactory in Ansbach is one of the most tangible results of the latest innovation in footwear manufacturing, moving toward increasingly customized production that ...
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Newell would like to sell K2 and Völkl
Newell Brands announced on Oct. 4 that is putting up for sale the winter sporting goods business that it inherited earlier this year from Jarden Corp. through the latter's merger with Newell Rubbermaid. The company subsequently stated, however, that it intends to keep K2 and Völkl Marker Dalbello if it ...
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Rendle to take over as VF's chief executive
Steve Rendle, the current 57-year-old chief operating officer at VF Corporation, has been appointed to become the group's new chief executive from the start of next year. He will take over from Eric Wiseman, 60, who has held the job for nine years and will continue to serve as executive ...
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Pentland Brands adds strategic and division heads
Pentland Brands has expanded its management team with two divisional heads and one strategic director, in order to more efficiently coordinate the growing brand portfolio and fill gaps in interesting categories.Chirag Patel, former global vice president of product and marketing at Lacoste Chaussures, has been appointed director of global strategy, ...
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New boss for Black Diamond
John C. Walbrecht has left as brand president of Mountain Hardwear, the struggling subsidiary of Columbia Sportswear, to become president of Black Diamond, a subsidiary of Black Diamond Equipment. He will assume the new function on Oct. 3, taking the place of Mark Ritchie.Bryan Timm, president of Columbia Sportswear, will ...
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Vista Outdoor buys Camp Chef
Vista Outdoor, the U.S. company that has been expanding through the acquisition of Camelbak and other brands, has agreed to pay $74 million to further widen its offering with the purchase of Camp Chef, an American supplier of outdoor cooking gear.The purchase price being paid for the privately-owned company is ...
