Latest Headlines – Page 291
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Sport 1 acquires Anton Sport
Sport 1 Gruppen, the third-largest sporting goods retailer in Norway, has entered into an agreement to acquire 70 percent of the shares in Mobo Sport Holding, which owns the sporting goods retailers Anton Sport and Sportsnett.The Sport 1 chain will maintain its technical position. Anton Sport, which has been a ...
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Record earnings for Foot Locker
Establishing a new quarterly record, Foot Locker reported a 16.5 percent increase in net profit to $184 million for the first quarter ended May 2. Sales went up by only 2.6 percent to $1,916 million. However, the gross margin improved by 0.4 percentage points to 35.0 percent of sales, as ...
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Dosenbach-Ochsner weathers the Swiss storm
Dosenbach-Ochsner, Switzerland's leading shoe and sporting goods retailer, lifted its sales by 5.6 percent last year to 966 million Swiss francs (€934.7m-$1,019.9m) The total number of pairs of shoes sold increased by about 400,000 to 13.5 million. This Swiss subsidiary of Deichmann emphasized that it managed to extend its leading role ...
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SportScheck launches Same-Day Delivery
SportScheck has decided to offer Same Day Delivery (SDD) for any items purchased at its 19 stores in Germany. The move is expected to offer an interesting alternative to pure internet players like Amazon and Zalando, which sell sporting goods in the country without the support of a physical store ...
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Online sales remain low for sports goods
Sales of sporting goods on the internet in the five biggest European markets - France, England, Germany, Italy and Spain – grew by 19 percent in 2014, generating a turnover of €6.5 billion, €1 billion more than in 2013. According to the NPD Group, online purchases accounted for 18 percent ...
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Investment firm takes over Zoggs
Risk Capital Partners, a British private equity firm, has acquired the majority of the shares in the Zoggs Group, as part of a buy-out involving the swimming apparel and equipment brand's management.Risk Capital Partners acquired the majority of the company from Leo and Daniel Gestetner, who retain a small minority ...
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K-Swiss buys Supra and denim brand
As part of a wider acquisition drive, K-Swiss Global Brands (KSGB) has bought One-Distribution, a leading skate-inspired apparel and footwear manufacturer, at an undisclosed price. One-Distribution is the parent company of KR3W Denim and Supra Footwear, a sneaker brand focused on skating, which became most popular with its Skytop.K-Swiss itself was ...
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Rossignol gives up on Zodiac offer
Rossignol Group, the French winter sports company, has reportedly given up on a potential takeover of assets owned by Z Marine, the French company behind the Zodiac brand of inflatable boats, which went into receivership in April. Bruno Cercley, Rossignol's chief executive, has repeatedly said the group was eager to ...
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BLK will work with Uhlsport in some markets
The Australian-based WRS Group has signed a five-year licensing and distribution agreement with Uhlsport for its BLK Sport teamwear, focusing on rugby. Starting on July 1, the German supplier of team sports clothing, which specializes in football, basketball and handball, will offer BLK's core and performance ranges for rugby in ...
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EU extends bicycle anti-dumping duties
The European Commission has applied anti-dumping duties of 48.5 percent on the import of bicycles consigned from Cambodia, Pakistan and the Philippines, whether they are declared as originating in these countries or not. The regulation, applicable from May 18 but with four exemptions, is an extension of the duty imposed ...
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China to slash duties on shoes and other goods
China's Ministry of Finance said in a statement on May 25 that it would cut import tariffs on various products, ranging from shoes to cosmetics, by an average of more than 50 percent beginning June 1. The move is meant to spark domestic spending amid faltering economic growth.Chinese tourists often ...
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Deckers grows strongly abroad
On a currency-neutral basis, international sales rose by 26.6 percent during the financial year ended March 31 for the parent company of Ugg, Teva, Sanuk and Hoka One One, and they were up by 38.3 percent in the fourth quarter. Translated into dollars, the growth was still pretty strong, showing ...
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Exceed delisted
The chief financial officer and a director have resigned at Exceed, the Chinese sports company behind the Xidelong brand, after many months of delays with plans to take the company private. Other issues have led the Nasdaq stock exchange to delist Exceed from the end of April.Shuipan Lin, the company's chief ...
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L-Fashion buys a Finnish sports retailer
L-Fashion Group, the Finnish company behind Luhta, Icepeak and several other brands, has purchased the Top-Sport retail chain consisting of 18 stores in 15 cities around Finland. L-Fashion bought the chain earlier this month through an asset deal with Top-Sport Oy, which belongs to The Orange Company, a Finnish family-owned ...
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A single digital strategy for the EU
Sporting goods industry officials have welcomed new plans by the European Commission to adopt a “Digital Single Market Strategy” for all the 28 member countries of the European Union by the end of 2016. The issue will be discussed at a board meeting on June 24 of the Fesi, the ...
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Puma cuts profit outlook due to the dollar, despite improved sales
Unable to neutralize the impact of currency exchange rate changes and unwilling to reduce its spending on marketing, Puma has downgraded its forecast on gross profit margins and operating profits for the full year - after a sharp decline in earnings on increased sales for the first quarter. ...
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Kering out-sources its EP&L
Kering, the parent company of Puma, Volcom and many luxury brands, has decided to open-source the pioneering technology of its Environmental Profit & Loss Account (EP&L), placing this tool at the disposal of other companies. The ultimate goal is to spread the notion of “natural capital” and to achieve higher ...
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Hymel becomes action sports CEO at Kering
Todd Hymel has been appointed in the new position of chief executive for Action Sports Brands at Kering, the French company that owns Puma as well as Volcom and Electric. From the start of June, the French-American citizen is to be based at Costa Mesa, California, where Volcom has its ...
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Asics strides ahead with running shoes
Asics saw its sales increase by 10.0 percent on an adjusted basis and by 5.9 percent in constant currencies for the first quarter of this year, driven by running footwear and the Asics Tiger brand. While consolidated net sales in Japan slipped by 5.6 percent, the group's international sales were ...
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Running and tennis support vigorous sales at Asics Europe
Asics Europe managed to carry on its vigorous expansion in the first quarter, with sales advancing by 13 percent in constant currencies in Europe, the Middle East and Africa (EMEA). The growth was driven by the brand's running, tennis and lifestyle products.Sales of running footwear jumped by 16 percent for ...
