Latest Headlines – Page 267
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Intersport grows by 4.6% in the first quarter
The combined sales of the retailers affiliated with Intersport around the world grew by 4.6 percent to a level of €2.73 billion including sales taxes in the first quarter of 2016. The score was pretty good considering that winter weather conditions were not favorable, except for the month of January, ...
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The Athlete’s Foot is running faster
Bought by Intersport International in December 2012, The Athlete's Foot (TAF) continued to grow faster than its parent company in the first quarter of this year. Retail sales were up by 5.7 percent in euros, with strong increases of 14.7 percent in local currencies and 6.3 percent on a comparable ...
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Adidas to start talks for golf assets sale
The Adidas Group has decided to reduce its interest in the golf market by starting talks for the sale of the TaylorMade, Adams Golf and Ashworth brands. While pulling out of the golf equipment market, it would focus its golf apparel and footwear business on the Adidas brand.After a slump ...
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The Adidas Group blazes ahead
The Adidas Group blazed ahead in the opening quarter of this year, carried by soaring demand for its sneakers and the run-up to the European football championships.Herbert Hainer, the group's chief executive, said in a conference call that Adidas “flew off the starting blocks.” The performance was supported by Creating ...
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Mega-bids in the making for DFB and Chelsea
Adidas stands to earn compensation estimated at about €50 million after it agreed with Chelsea football club on the early termination of their partnership. It was due to expire at the end of June 2023 but will instead come to an end six years earlier, at the end of June ...
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Puma starts construction of new headquarters
Puma held a groundbreaking ceremony on May 13 to celebrate the beginning of construction works for the expansion of its headquarters in Herzogenaurach, Germany. Guests of honor included the Bavarian State Minister of Finance, Regional Development and Home Affairs, Markus Söder, football legend Lothar Matthäus, who is also a long-time ...
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Trading publicly, Technogym sports double-digit growth
Technogym made a strong debut on the Milan stock exchange earlier this month. Launched at a price of €3.25 per share, the 57,500 shares offered by Salhouse Holding, including a greenshoe overallotment option due to be exercised by June 3, were about four times oversubscribed by institutional investors, who placed ...
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Mokumono uses crowdfunding to produce bike frames in Holland
Mokumono Bikes, a new Dutch bicycle brand, has launched a Kickstarter campaign to finance the production of its innovative bicycle frames in the Netherlands. Mokumono was hoping to raise €90,000 on the New York-based crowdfunding platform in a 30-day campaign ending May 20, but as of last Friday, the Amsterdam-based ...
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Nautilus posts a 25% sales increase
Nautilus unveiled a 25.7 percent increase to $120.9 million in its revenues for the first three months of the year, compared with the corresponding quarter in 2015. The fitness equipment manufacturer said that this performance was driven by the recent acquisition of Octane Fitness, along with strong organic sales growth ...
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Asics reinforces European sales and structure
Asics had a nearly stagnant turnover for the quarter to the end of March, but its underlying sales increased in Europe with growing demand in running, indoor sports and the Asics Tiger fashion brand.The Japanese group's sales reached 117.8 billion Japanese yen (€953.4m-$1,081.7m) for the quarter, up by 0.3 percent. ...
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Weak sales rise and smaller profit at Mizuno
Mizuno's profit fell sharply for the fiscal year to the end of March, as exchange rate changes inflated costs that could not be compensated by underlying sales increases in Europe, Japan and other Asian countries.The Japanese group's sales increased by 4.8 percent to ¥196.1 billion (€1,587.3m-$1,801.6m) for the year, which ...
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Strategic investments start to pay off at Le Coq Sportif
Le Coq Sportif was affected by declining royalties and far-reaching investments to upgrade its apparel business last year, but the efforts are part of a broader strategic plan to reinforce the brand that is starting to pay off in France.Le Coq Sportif saw its reported sales fall by 11.5 percent ...
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Flat sales for Basicnet
Shortly after confirming the appointment of its new chief executive, the parent company of Kappa, K-Way, Superga and other brands reported aggregate sales of €189 million for the first quarter of 2016, up from the level of €145.4 million that it had reported for the corresponding period of 2015, when ...
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Crocs turns around in the quarter
Crocs surprised investors with better-than-expected sales and profits for the first quarter ended March 31. Its revenues increased by 6.5 percent over the corresponding period a year ago to $279.1 million. On a constant-currency basis, they gained 9.2 percent. The company said this performance was driven by the positive response ...
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Wolverine declines less than expected
While continuing to scout the market for possible acquisitions, Wolverine Worldwide's management is considering another possible review of its brand portfolio, after its recent termination of the Patagonia footwear license and the divestiture of Cushe.Meanwhile, it is doubling investments in market intelligence as it sees the need for product innovation ...
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Moncler posts 18% sales increase, with growth in all regions
Moncler reported stronger-than-expected sales growth in the first three months of the year, despite a challenging base of comparison and the sector's uncertainties. Revenues for the quarter reached €237.3 million, representing an 18 percent rise compared with the previous year's first quarter, or a 17 percent rise at constant exchange ...
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Globetrotter’s restructuring measures pay off
Fenix Outdoor International, the owner of Globetrotter, says that restructuring measures at the German outdoor retail group are being implemented and paying off faster than anticipated, which is encouraging Fenix to start considering new store openings again. The Fenix group, which bought out minority shareholders to acquire full ownership of ...
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New owners for Sherpa Adventure Gear
Innov8 Partners, an American family-owned investment company that has nothing to do with the British Inov-8 brand of trail running shoes, has made an unspecified investment in Sherpa Adventure Gear. According to a spokesman, it has acquired a majority stake in the company, based in Kent, Washington, and provided much-needed ...
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A bad quarter for Black Diamond
Sales and profit margins took a big hit at Black Diamond during the first quarter of 2016 from currency headwinds and poor sales of ski products in Europe. They also suffered a “perfect storm” from the bankruptcies of some major U.S. retail clients, disruptions in the raw materials supply chain ...
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Johnson Outdoors reports higher profits and sales
Johnson Outdoors reported revenues of $134.2 million for the second fiscal quarter ended April 1, up by 1 percent from the same quarter a year ago. The increase was primarily driven by gains in the company's fishing and watercraft recreation businesses. Sales in the company's second fiscal quarter historically reflect ...
