Latest Headlines – Page 271
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Polygiene gets stock market listing
Shares in Polygiene, the Swedish company specializing in odor control with a focus on sports and outdoor products, started trading on the Nasdaq First North market on March 14, after a share issue that raised about 22.5 million Swedish kronor (€2.4m-$2.7m) in December.In the fundraising process, the company's shares were ...
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Skins launches crowdfunding campaign
Skins, the brand of compression garments that has been strongly campaigning for transparency and tolerance in sports in recent years, has launched a crowdfunding campaign to invest more in marketing and innovation.The Swiss-based company has set a target to raise the equivalent of £2 million (€2.5m-$2.8m), through Seedrs in the ...
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Ecco grows and invests more in golf
Ecco is establishing a dedicated golf business unit for the Asian market to promote continued sales growth for its golf shoes in the region, in spite of the recent closure of many golf courses in China. It will be based at Ecco's regional office in Singapore and headed up by ...
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Chervò goes direct in Europe
The leading Italian brand of golf and leisurewear completed late last year a reorganization of its European sales operations that has allowed it to become more reactive and competitive in the market. It closed down its sales subsidiaries in Germany, Austria and France and stopped working with a distributor in ...
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Karhu rebuilds European sales
Karhu, the Finnish sports brand, is relaunching its performance running range and its lifestyle offering in a few European countries, after it opened a European head office in Amsterdam last year and built up its sales force in the Netherlands and Germany.The investments come after the Arese family, which has ...
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Norwegian purchasing patterns may change
The Norwegian sporting goods association, Sportsbransjen, has contributed to an interesting government report entitled “The Climate in Norway 2100.” The goal of the report was to obtain clearer insight into the consequences of climate change for Norway as the snowline goes higher.According to Sportsbransjen's chief executive, Bård Kristiansen, Norwegian purchasing ...
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Li Ning returns to profit after clean-up
The Li Ning group sharply improved the sell-out of its stores and restructured its offering last year, as the Chinese sports company finally began to recover from the slump of the recent years. Li Ning already announced in January that it should approximately break-even for 2015 after three years of ...
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While producing less in China, Yue Yuen posts higher profits
The world's largest shoe manufacturer said its gross margin increased last year by 1.3 percentage points to 23.4 percent as rising labor costs were more than offset by a drop in raw material costs and improved efficiencies. This helped Yue Yuen Industrial Holdings to report a 17.9 percent increase in ...
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China Dongxiang grows by 16.4%
China Dongxiang raised its turnover by 16.4 percent to 1,469 million yuan renminbi (€202.0m-$225.6m) last year as the Chinese sportswear company continued to reap the benefits of reforms in its business approach and the much-improved performance of its stores.Sales of the Kappa brand in China advanced by 25.8 percent to ...
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Li & Fung endures tough market conditions
Li & Fung reported a 4.6 percent fall in net profit to $421 million for the 12 months ending December 2015 largely due to deflationary pressures and currency depreciation.Core operating profit declined by 15.2 percent to $512 million in 2015, according to the Hong Kong-listed company's latest profit announcement, as ...
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Vulcabras improves, downsizes in Argentina
Vulcabras, the Brazilian parent company of the Olympikus brand of sports shoes, reported a further improvement in its financial results during the past year in spite of the economic recession in its country and the loss of a distribution contract for Reebok in four South American countries, with effect from ...
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Havaianas helps Alpargatas to book higher sales and profits
Alpargatas reported an 11.6 percent increase in net revenues from continuing operations to 1,131.7 million reais (€276.9m-$307.6m) for the fourth quarter ended Dec. 31. Topper and Rainha, two loss-making sports brands being sold by the group, are not included in the figures for Brazil, where the group's sales fell by ...
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Garmin bets on fitness and outdoor
Garmin announced a sharp 37 percent decline in net income to $132 million for the fourth quarter of its financial year, ended Dec. 26. The quarterly gross margin fell marginally by 0.7 percentage points to 52.9 percent.The fitness segment saw a 51 percent gross margin decrease as a result of ...
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Icebug continues to grow by 30%
Icebug got an Ispo Award last month for an interesting new and versatile “three-season sneaker” for everyday use, which it demonstrated at the Ispo Munich fair. It features a suede leather upper and a rubber sole fitted with two of its patented traction technologies. The rubber compound provides traction on ...
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Michelin Technical Soles expands sports partnerships
JV International (JVI), the new company that is handling the design, development and manufacture of high-performance Michelin branded soles, is expanding its collaboration with the Oberalp group and with Ride Snowboards and is working with two additional sports brands – Hi-Tec Sports and Kodiak – for the autumn/winter 2016/17 season.Oberalp ...
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Downlite is the first Global TDS-certified company
NSF Sustainability has announced it has certified Downlite, a supplier of performance fills for outdoor and other products, to the Global Traceable Down Standard (Global TDS). Downlite is the first company in the world to have been certified according to this standard. Certification for the Global TDS can be granted ...
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Adidas thrives in Europe
The buzz around the Three Stripes remained vibrant in the last months, and the Adidas Group reported a few days ago buoyant quarterly sales, with rapid expansion in Europe – albeit aided by outsized marketing investments that hit profits.The company's sales in the fourth quarter of 2015 were up 15.4 ...
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Adidas hails its “comeback”
The Adidas Group's performance last year marked what managers described as a remarkable comeback, after enduring a slump in golf and Russian sales and the perceived sluggishness that caused jitters among investors two years ago.Herbert Hainer, the company's outgoing chief executive, said that the new impetus was supported by a ...
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Brazil extends anti-dumping duties
After a lengthy investigation and intensive lobbying by all interested parties, the Brazilian government decided on March 2 to extend the anti-dumping duties on footwear imports from China that it imposed in 2009. They will run for a further five years, the maximum allowed by the World Trade Organization, but ...
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Sports Direct under rising market and parliamentary pressure
Sports Direct International (SDI) was relegated from the FTSE 100 index of the London Stock Exchange earlier this month, after a 45 percent slump in its share price since the start of December. The leading British sports retailer and wholesaler joined the blue chip index in 2013 but the exchange's ...
