Latest Headlines – Page 263
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Small growth for Sport 2000 and Intersport in Germany
The retail members of the Intersport and Sport 2000 retail organizations recorded a sales increase of only one percent in their turnover in Germany during the first half of 2016, as compared to the first six months of 2015. Weak sales of winter sports products were compensated by progress in ...
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New managers at SportScheck
SportScheck is expanding its executive board. Roland Patrick Stiefel will assume on Aug. 1 the newly created position of division manager responsible for the creative category management of the purchasing department of the German sports retail chain. The 43-year-old previously worked as merchandising director and as an executive board member ...
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Sport outperforms luxury in Kering’s sales growth
Puma's progress helped its parent company, Kering, to book a 9.1 percent increase in the revenues of its Sport & Lifestyle division on a comparable basis for the first half of this year, in spite of an 8.9 percent decline at Volcom. The division's operating results improved by 25.3 percent ...
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Adidas raises its guidance
A few days before it was due to announce its quarterly performance on Aug. 4, the Adidas Group raised its guidance for the full year, on the back of a 13 percent sales increase to €4.4 billion in the three months to the end of June, and an operating profit ...
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Adidas opens up and gets faster
The Adidas Group wants to get more creative talent involved in its product development, to invest over-proportionally in key cities and to speed up its production, in order to get closer to consumers. The initiatives form the three pillars of Creating the New, the strategic five-year plan unveiled by Adidas ...
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Adidas expands head office to support ongoing growth
Adidas has recently laid the foundation stone for two new staff buildings at its headquarters in Herzogenaurach. “Campus Expansion South” is to include a new office building for more than 2,000 employees as well as an events building with a restaurant for the employees. The expansion will also involve the ...
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Brands claim their own Euro wins
Nike, Adidas and Puma all claimed victories big and small at the European football championships this month – with Nike ruling the pitch on the night of the final but the two others taking advantage of social media exposure and partnerships with notable players.Nike declined to provide detailed numbers but ...
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Under Armour sells more but makes a loss
As usual, Under Armour posted strong sales for the second quarter, boosted by Stephen Curry's performance and demand for his shoe line, but profits were hit by a $23 million write-off of bad debt from the bankruptcy of The Sports Authority, the big American sporting goods retail chain, and a ...
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Weak growth for Columbia
Columbia Sportswear's sales were up by just 2 percent in dollars and local currencies in the second quarter ended June 30, but they still reached a record level of $388.8 million for the period. The variation is not very significant as this is the weakest quarter in the group's financial ...
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Wolverine falls less than expected
Wolverine Worldwide reported a 5 percent drop in its net income to $24.0 million for its second quarter, ended June 18, as its sales fell for the fourth quarter in a row, down by 7.4 percent to $583.7 million in dollars and by 5.2 percent on an underlying, currency-neutral basis. ...
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Skechers shares tumble as domestic performance disappoints
Skechers' earnings declined by 7.1 percent to $74.1 million in the second quarter ended June 30, missing Wall Street expectations. After the market close on Thursday July 21, the company's share price plunged by 15.3 percent.Revenues showed a lower-than-expected gain of 9.7 percent over the same quarter last year, rising ...
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Rossignol in talks to buy Raidlight-Vertical
As part of its plans to diversify its business, the Rossignol Group is in exclusive talks for the potential takeover of Raidlight-Vertical, a French company specializing in products for trail-running and other outdoor pursuits, with 55 employees and a turnover of about €6.5 million for the year until July 2015. ...
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Amer Sports ups investments
The Amer Sports group predicts a small decline for this year in the sales of its winter sports equipment, comprising the Atomic and Salomon brands, after the unfavorable previous winters and a 3 percent drop in orders for the coming season. But this comes after a sales hike in the ...
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E-bikes pull up Accell Group’s revenues
Accell Group's revenues jumped by 10.0 percent to €629.7 million in the six months ended June 30, largely due to higher sales of electric bikes, which currently account for 43.0 percent of its total turnover. The Dutch holding company said that the growth was “entirely” organic. It came amid tough ...
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Shimano revises guidance down after disappointing half-year
Shimano lowered its guidance for the full year after posting weak results for the first six months of 2016, with revenues down by 15.3 percent to 166,400 million yen (€1,431m-$1,540m), due entirely to a drop in the bicycle components segment.The company's gross margin remained stable at 41.1 percent, but the ...
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Rapala’s sales down 7%
Rapala posted weak results for the first half of the year, with sales plummeting in several big markets. Revenues for the world's largest manufacturer of fishing lures were down by 7.0 percent from the year-ago period to €143.1 million. At comparable exchange rates, sales were down by 5.0 percent.The company ...
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Good progress for Callaway
Callaway Golf reported a 6.5 percent increase in net sales to $246 million in the seasonally important second quarter. The gross margin improved by 0.9 percentage points to 45.0 percent. Operating income rose by 12 percent to $21 million and net earnings jumped by 40 percent to $34.1 million thanks ...
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Helly Hansen cuts back to expand sustainably
Helly Hansen has trimmed its product range, cut back its distribution, rejigged its management and improved its capital structure, to get started on a four-year sustainable expansion strategy led by Paul Stoneham, who became its chief executive in February 2015.The Norwegian group reported operating revenues of 2,567 million Norwegian kroner (€272.3m-$300.9m) ...
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Bergans reinforces international management
Bergans is reinforcing its international management with the appointment of two prominent executives to lead sales and marketing at the Norwegian company, which has been headed up formally since December by Leif Holst-Liæker. Bergans makes about 65 percent of its turnover in Norway, with Sweden and Germany as other large ...
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Didriksons adjusts its product segmentation Didriksons has started to segment its product line more strictly than before, dividing it into two categories – Originals and Sportswear. For the first
The collection will be clearly subdivided from autumn/winter 2017/18. In the past few seasons, the Originals line has been expanded from 20 to up to 100 different styles. It is distributed among fashion retailers and wholesalers, whereas the Sportswear line is directed at the sporting goods and outdoor retail market.To ...
