Latest Headlines – Page 279
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Sport Pursuit raises funds for international expansion
Sport Pursuit, an online retailer specializing in flash sales of branded sports products, has raised £9.5 million (€13.5m-$14.3m) from three equity partners. The funds are meant to support Sport Pursuit's investments to become the leading specialist in this market across Europe. They were provided by Scottish Equity Partners, Grafton Capital and ...
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Fnac moves into the sports market
Fnac, the French retailer with international stores specializing in books, music, other entertainment and electronics, has returning to the sports market through a new category in its online marketplace, launched in October. The move could make an impact since Fnac is a strongly established retailer, with 112 stores around France ...
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Turnaround at Planet Sports under new ownership
Planet Sports is turning around with a sales increase estimated at 20 percent this year, says 21sportsgroup, which acquired the German action sports retailer in March. After flat sales in 2014, Planet Sports is targeting sales of at least €60 million for its online store and 12 stationary stores. The ...
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Findel board uneasy about SDI move
Sports Direct International (SDI) is apparently getting entangled in yet another dispute after it requested the appointment of a director at Findel, a British retail group in which SDI acquired a stake of 18.9 percent in September. The Daily Telegraph reports that Findel's board of directors has sent a fiery ...
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ZEG confirms Kettler bikes buy
ZEG, the German-based buying group for specialist bike retailers, has confirmed that it is acquiring the bicycle division of Kettler, the fitness equipment, furniture and toys supplier that went into self-administered receivership in June. The deal includes the group's assembly plant in Hanweiler, employing about 80 people who are to ...
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Nike to buy back shares worth $12 billion
Nike shares enjoyed a sharp price increase earlier this month, after the company announced a $12 billion share repurchase program for Class B common stock, along with a two-for-one stock split and an increase in quarterly dividend. At the current valuation, the huge repurchase means that Nike will be buying ...
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Adidas projects buoyant football sales
Instead of the usual glitz and football stars on a podium, the Adidas ball for the group stages of the European championship finals in 2016 was unveiled by Zinedine Zidane on his Instagram account earlier this month. The blue, white and red color design of the Beau Jeu is reminiscent ...
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Adidas CEO suggests Fifa reforms
Herbert Hainer, the Adidas Group's chief executive, suggested to Wirtschaftswoche earlier this month that Fifa ought to set limits to the age and terms of the Fifa president. He added that the global football organization's president should be more like a chief executive, operating under a supervisory board.It was the ...
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New major shareholder for Alpargatas
The Batista family, which owns JBS, the world's largest tanner and meat processing company, has become the largest shareholder of Alpargatas, parent company of Havaianas and the licensee for Mizuno and Timberland in Brazil. The Batista family, whose assets have an estimated net worth of $5 billion, has agreed to ...
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New Balance to launch 3D-printed running shoe in April 2016
The sport footwear industry's abundant investments in 3D printing are set to take shape in the market: After a spate of footwear design and manufacturing innovations announced by Nike and Adidas in the last months, New Balance says it will be launching the first running shoe with a 3D printed ...
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Wolverine Worldwide announces executive appointments
Wolverine Worldwide has announced the appointment of Richie Woodworth as president of the company's Lifestyle Group, which includes the Keds, Hush Puppies, Sperry and Stride Rite brands, effective Jan. 3, 2016. Additionally, the company has appointed Scott Sincerbeaux as president of Consumer Direct. Finally, Tom Kennedy has been appointed as ...
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Maurath’s role at Under Armour is widened
Karl-Heinz “Charlie” Maurath, president in charge of international sales at Under Armour, has become its chief revenue officer. This means he will lead sales through all channels and in all of the markets covered by the company, from North America to Asia-Pacific, Europe, the Middle East and Africa, and Latin ...
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New CEO at Black Crows
Eric Bascle, former executive vice president at the Lacoste group, has been appointed as chief executive at Black Crows from the start of December. He is taking over from Cedric Charbin, who had decided to leave the French freeride skiing specialist back in July for personal reasons.Formerly a consultant and ...
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Electric bikes drive Accell performance
An uptick in sales of electric mountain bikes strongly contributed to a turnover increase for the third quarter at Accell Group, the Dutch company that owns Batavus, Sparta, Lapierre and Ghost, among many bicycle-related brands.The company predicts an organic sales increase and growing income for the second half of the ...
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Ample sales increase but weather concerns for New Wave
Sales in the sports and leisure division of the New Wave group advanced by 11 percent to 674 million Swedish kronor (€72.8m-$77.2m) for the third quarter, which was pushed up by favorable exchange rate changes due to the large share of sales in the U.S. market.The division includes the Craft ...
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Brunswick plans expansion in fitness
Brunswick Corporation, the owner of Life Fitness, is targeting sales of $5.0 to $5.3 billion in 2018, compared with about $4.1 billion this year, relying chiefly on expansion in its marine and fitness divisions. The U.S. group said on its investor day earlier this month that the expansion would include ...
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Peak Performance down on wholesale adjustments
As Peak Performance continues to adjust its distribution, the turnover of the Swedish ski, outdoor and golf brand declined by 2.8 percent to 343 million Danish kroner (€46.0m-$48.7m) for the quarter to the end of September, but its own retail sales increased sharply and contributed to a rise in operating profit ...
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Vulcabras continues to improve
The Brazilian company's net revenues increased by 4.4 percent to 357.2 million reais (€88.3m-$94.1m) in the third quarter ended Sept. 30, but the gross margin improved by 1.8 percentage points to 28.6 percent and the company's operating profit before amortization (Ebitda) grew by 36.6 percent to R$73.2 million (€18.1m-$19.3m), indicating ...
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Yue Yuen grows by 5.8%, led by retail
The total revenues of Yue Yuen Industrial Holdings increased by 5.8 percent to $6,277.5 million in the first nine months of this year, but they were lifted by a 19.6 percent rise to $1,741.6 million in the retail sales of Pou Sheng, the Chinese retail subsidiary of the group.In the ...
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Camelbak on track after acquisition by Vista Outdoor
The acquisitions of Camelbak and Jimmy Styks pushed up sales of the Vista Outdoor group for the second quarter of its fiscal year. The group's turnover increased by 5.0 percent to $551.4 million for the three months until Oct. 4, with $24 million of added sales from the two buys. ...
