Latest Headlines – Page 272
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Nine parties are holding talks to buy Dutch retail chains
Nine retail groups and investors are holding talks for the potential acquisition of Perry Sport and Aktiesport, two large Dutch sports retailers that were declared bankrupt on Feb. 23 (see our previous issue). They are both part of the Unlimited Sports Group (USG), which went into receivership at the same ...
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Foot Locker performs generally better outside the U.S.
Foot Locker is becoming more active in Europe, a region that has been singled out as a focus of investment by the group. The American banner will be taking over the prime 1,000-square-meter space occupied by an Adidas flagship store after it closes at the end of March on the ...
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Hervis grows by 10.3%
After reporting flat or declining sales for the previous three years, Hervis Sport made strong progress in 2015, raising its sales by 10.3 percent in constant currencies, thanks in part to the opening of nine new stores, and reached a level of €469 million for the year. Its sales went ...
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Go Sport grows by 3.2%
Groupe Go Sport, which belongs, like Hervis and other chains, to the European STMI purchasing platform, is no longer public. However, its parent company, Rallye, which now owns 100 percent of its shares, has reported a turnover of €680 million for its sporting goods retail subsidiary, up from €655 million ...
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Zalando focuses on activewear
Zalando is evidently aiming to establish itself as a major online shopping destination for sports fashion in Europe. In line with current lifestyle trends and the growing concern for health and fitness, it is offering more sports clothing and footwear for running, training, fitness, yoga, tennis and other sports, especially ...
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Billabong improves in Europe
Billabong International is claiming progress for its three leading brands as it continues to implement its turnaround strategy but its profits were under pressure for the half-year up to the end of December.The group's turnover reached 561.9 million Australian dollars (€379.4m-$421.6m) for the six months, which was an increase of ...
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New owners for Surfstitch?
Billabong International sold its 51 percent stake in Surfstitch back to its two founders, Justin Cameron and Lex Pedersen, two years ago. Surfstitch may now be poised for another change of ownership. The Australian group announced last week that Cameron, who has been acting as chief executive and managing director ...
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Europe a bright spot for Zumiez
The ongoing expansion of Blue Tomato in terms of stores and sales in Europe is offsetting the impact of a lackluster American action sports market on the Zumiez retail group. Complaining about the persistent lack of new fashion trends to drive traffic to its U.S. stores, and noting that the ...
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Bic Sport grows by 16% thanks to higher stand-up paddle sales
Bic Sport's revenues increased by almost 16 percent in 2015 to €31.1 million, which amounted to a growth of 5.0 percent over 2014 on a comparable basis. The French-based supplier of water sports equipment said this performance was largely due to the success of its stand-up paddles, which represented around ...
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Brunotti builds up its equipment range
Brunotti, the Dutch based action sports brand, has developed an eco-friendly surf board as part of its efforts to raise its sales of equipment. The Ambient bio-based board is made with a honeycomb paper core and other mostly natural materials from renewable resources and a low carbon footprint.The launch comes ...
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Lafuma makes some progress
The Lafuma Group has confirmed its turnaround by reporting a small net profit of €2,406,000 in the past year, up by 8.9 percent from the profit of the previous year. As expected, its strategic realignment led to a 5.3 percent increase in its total revenues to €162.8 million. All the ...
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Skullcandy misses its quarterly revenue guidance
Skullcandy posted results for the last quarter of 2015 that were short of its own guidance, which was already revised down in January. Sales decreased by 0.8 percent against the same period in 2014 to $96.1 million. The American supplier of sports headphones said in January that it was expecting ...
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Accell posts strong results on higher sales of e-bikes
The global revenues of Accell Group were up significantly in 2015, largely due to stronger sales of e-bikes in Europe. The Dutch-based bicycle group said that revenues came in 12.0 percent higher than in 2014, reaching €986.4 million. Currency exchange effects had a positive impact of €34.4 million due to ...
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Strong U.S. dollar impacts Dorel
Dorel Sports, the bike business of Dorel Industries, saw revenues drop by 2.5 percent to $253 million in the fourth quarter. Removing the impact of foreign exchange rates, revenues were up by about 3 percent. Dorel Sports' brands include Cannondale, Schwinn, Mongoose, GT, IronHorse, Caloi and Sugoi.The company said that ...
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Luxottica reviews Oakley’s strategy in the sports sector
The Oakley brand is expected to continue underperforming this year as compared to the rest of the Luxottica group but will nevertheless improve its growth rate from the pace reached in 2015. Oakley's revenues are due to rise by 3-5 percent at constant currency rates, against a predicted increase of ...
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Innovations from GoPro and DJI at Ispo
DJI, a Chinese brand of drone cameras and aerial photography systems and accessories, presented a new action camera, the Osmo, along with its camera drones, Phantom and Inspire, at the recent Ispo Munich trade show.Phantom is available at €599 for the entry-level model and €800 for the advanced model and ...
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Another down quarter for Crocs, especially in Europe
In line with a previous forecast made by its management, Crocs reported a 7.0 percent sales increase for the fourth quarter of 2015 in terms of local currencies. Translated into dollars, this led to an increase of only 1.1 percent to €208.7 million for the quarter.However, average selling prices were ...
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Moncler posts double-digit sales and profit growth
Moncler posted consolidated sales of €880.4 million for the year ended Dec. 31, 2015, up by 27 percent, or by 19 percent at constant exchange rates, despite a slowdown in the last few months of the year due to an unusually mild winter in the U.S. and a drop in ...
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Demand heats up for 361 Degrees
361 Degrees raised its turnover by 14.1 percent to 4,458.7 million yuan renminbi (€617.2m-$685.6m) last year, which was marked by unabated growth in Chinese demand and the brand's push in international markets.The Chinese group said the sales increase was driven by footwear, which benefitted from greater volumes and higher average ...
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Under Armour invests in U.S. soccer
Under Armour is investing in global football in the U.S., but is reportedly facing potential competition from Nike in the soccer fields of Europe. According to a report in the English Daily Mail, Nike is negotiating a deal worth at least £30 million (€38.7m-$43.0m) a year for the sponsorship of ...
