Latest Headlines – Page 283
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Dynafit and Salewa move into Asian markets
The Oberalp Group is building up its business in Asia, with licensing and distribution deals signed or in advanced discussions in China, South Korea and Taiwan, and with distinct approaches for the Salewa and Dynafit brands. In South Korea, Oberalp has sealed a licensing and distribution agreement for Salewa with K2. ...
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The U.S., China and Russia drive the global sports market's growth
The global sporting goods market continued to grow by 5 percent in 2014 on a constant-currency basis, reaching a level of €285 billion, according to The NPD Group. The international market research company has been calculating a similar annual growth rate for the global sports market since 2011, but with ...
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Asics revises forecast with higher sales, lower profits
Due to the weakening of the yen, Asics has raised its sales forecast for the full year, predicting that they will reach about 429 billion yen (€3.2bn-$3.6bn) compared with the forecast of ¥423 billion (€3.1bn-$3.5bn) issued in February. That would amount to an increase of more than 20 percent from ...
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Sales drop at Le Coq
Le Coq Sportif generated sales of €49.0 million in the first half of 2015, down by 7 percent from the same period a year ago, according to Airesis, the Swiss investment company that owns a 78 percent stake in the French sports brand. The gross margin improved by 0.7 percentage ...
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Joma grows in the football rankings
Joma Sport claims to have become the third-largest supplier of football products on a global basis - thanks especially to the internationalization of its sports marketing efforts in Asia, Africa and Latin America - and the category leader in the domestic Spanish market, ahead of Nike and Adidas. The Spanish ...
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Musical chairs at Puma
Daniela Molin is taking over as general manager of Puma for accessories and licensing, replacing Philippe Le-Bretton, who is moving to Singapore to act as general manager of Puma Southeast Asia. Le-Bretton is replacing Miguel Gomes de Andrade, who has decided to leave the company.Molin has accumulated experience in product ...
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Keller Sports wins prizes, adds top winter sports brands
Keller Sports, the first online retailer in Europe to have chosen a premium positioning in the market, won a couple of important prizes a few weeks ago in a prestigious contest for the “Shop Usability Award,” organized by a German retail consultancy, Shoplupe. Competing against 533 other e-commerce websites in ...
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Retail restructuring costs affect robust Fenix group
Restructuring costs of €4.9 million at Globetrotter badly affected the results of the Fenix Outdoor International group's retail business for the second quarter. However, thanks to the robust performance of its brands and retail operations outside Germany, the entire group's operating profit excluding restructuring costs was still on the rise ...
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Kettler works on a restructuring plan
Kettler is preparing to implement a restructuring plan, after a court in Arnsberg approved insolvency proceedings for the German fitness and leisure equipment supplier earlier this month. Kettler filed for self-administered insolvency in June, while several investors were said to circle the family-owned company. The company indicated at the time ...
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Shimano Europe relocates in Eindhoven
Shimano is to relocate its European head office from Nunspeet in the center of the Netherlands to the High Tech Campus in Eindhoven from the start of 2017. The Japanese cycling, fishing and rowing equipment company announced earlier that Shimano Europe would open an “experience center” in 2017 on the ...
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Tacchini grows while targeting new markets
Sergio Tacchini has enlisted a new apparel licensee for Germany, Austria and Switzerland, Tennis-Point, a specialized German online retailer that also has a physical store in Münster. It is a partner of DTB, the German tennis association. Four years ago, Tennis-Point won the Shop Usability Award in the sports category, ...
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Unrest at PSG around former chairman
Speculation abounded in the last few days around the intentions of W. Graeme Roustan, the former chairman of Bauer Performance Sports, which became the Performance Sports Group (PSG) in June 2014. Roustan was reported to have hired bankers to explore taking PSG private. However, the company said last Friday that ...
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Royal Robbins’ owner targets more acquisitions, names CEO
More and more companies are announcing their intention to participate in the inevitable, further consolidation of the outdoor sector. Joining the likes of Vista Outdoor, Samsonite, Wolverine Worldwide and others, an American investment company based in New York, Bruckmann, Rosser, Sherill & Co. (BRS), shared its interest in further acquisitions ...
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Adidas leads research project on recyclable football products
The Adidas Group is leading a three-year research project, Sport Infinity, to make sporting goods that can be repeatedly recycled, without any chemical adhesives or waste. Using an inexaustible super-material, they could be entirely broken down and remolded into new performance products. The project focuses on plastic-based football products, starting with ...
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Fesi applauds WHO action on physical activity
The Federation of the European Sporting Goods Industry (Fesi) has publicly welcomed the physical activity strategy adopted earlier this month by the World Health Organization (WHO) for the European region from 2016 to 2025, which aims to tackle health issues through increased physical activity.The 53 member states of the WHO ...
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WFSGI Forum goes Beyond Lean Manufacturing
The line-up of speakers for the upcoming Manufacturers' Forum, organized by the World Federation of the Sporting Goods Industry (WFSGI), again promises to deliver sharp insights into many aspects of sporting goods production, from lean and circular manufacturing to human-centered production and much more.The event is scheduled on Dec. 2-3 ...
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Nike wows the market
Nike started its fiscal year with an exuberant quarter, defying economic issues in China and reporting impressive increases in futures orders. The results for the three months until the end of August were way above market estimates and ahead of Nike's own expectations.The Nike group's sales climbed by 14 percent ...
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Strong progress at JD so far this year
Reporting on a record first half for the 26 weeks ended on Aug. 1, JD Sports Fashion announced that its pre-tax profit reached £44,708,000 (€61.3m-$69.3m), 88 percent above the level of the year-ago period before extraordinary items. Operating earnings before special items went up by 80 percent to £47,578,000 (€65.2m-$73.7m), ...
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JD expands strongly overseas
JD Sports Fashion is entering the Swedish market in November with a JD store in the new Mall of Scandinavia near Stockholm, measuring 480 square meters. According to Sportfack, the list of sports-related retail tenants in the new shopping center includes names such as Stadium, Intersport, Nike, Adidas, Oakley, Bjorn ...
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Sports Direct re-elects Mike Ashley, despite protests
Union representatives and some minority shareholders, led by Royal London Asset Management, protested against the re-election of Keith Hellawell as chairman of Sports Direct International and Mike Ashley as non-executive deputy chairman ahead of the company's annual meeting on Sept. 9. They continued to attack the company's use of zero-hours ...
