Latest Headlines – Page 293
-
Article
New solutions for sports and outdoor products at Techtextil
Outlast presented the second generation of its PCM acrylic fiber at the Techtextil trade show in Frankfurt, on May 4-7. Using a new production process, the company said it gets the Outlast acrylic fiber to perform four times better than the existing version. In particular, the spinning and dyeing properties ...
-
Article
Adidas Group regains impetus
The Adidas Group has delivered a vigorous sales and profit increase for the first quarter, with improvements in all markets other than Russia and the golf business. The group's sales jumped by 17.3 percent to €4,083 million, which was an increase of 9 percent in constant currencies, and its underlying ...
-
Article
New Adidas reporting reveals regional margins
A new reporting structure adopted by the Adidas Group delivers unprecedented details about the company's sales and profit margins by brand and by regional unit – revealing just how juicy its business is in Russia and China and the distance between the Adidas and Under Armour brands in North America ...
-
Article
Puma grows by 13%
In releasing sales results for all the components of its group, Kering said that Puma achieved a 13 percent sales increase to €825.0 million in the first quarter of 2015, up by 4.5 percent in constant currencies. In particular, Puma's sales of footwear recorded accelerating growth, rising by 8 percent, ...
-
Article
New European chief for Puma
A degree in Latin, Greek and philosophy may not be the most obvious study option to become a leading executive in the sports industry, yet that is precisely the qualification obtained at Oxford by Martyn Bowen, who has become general manager for Puma in Europe, the Middle East and Africa ...
-
Article
Under Armour keeps solid sales momentum
Under Armour posted a 25 percent sales increase to $805 million in the first quarter compared with the previous year's period. The period marked the 20th consecutive quarterly increase of more than 20 percent. In terms of local currencies, the growth rate was just a little higher at 27 percent.International ...
-
Article
Sport Zone enters India
Sport Zone, the leading sporting goods retail chain in Portugal, has entered the Indian market through a franchising partnership with Trent, a retail company belonging to the big Tata Group. Trent has opened a Sport Zone store in Bangalore and plans to add four more by the end of 2016.Sonae ...
-
Article
German group snaps up Dutch Intersport licensee
As rumored a few weeks ago, EK/servicegroup, a German buying group based in Bielefeld, is acquiring a 75 percent stake in Euretco, the Dutch buying group to which many stores trading under the Intersport and pther sports banner are affiliated. The stake was previously owned by company managers and Avedon ...
-
Article
Young new bosses for Sport Scheck and Otto Group
The Otto Group has decided to strengthen the management of its sporting goods retailing subsidiary, Sport Scheck. It has appointed a new chief executive, Markus Rech. The former CEO, Stefan Herzog, will report to him as a member of the executive board, which also includes Guido Jaenisch. Another member of ...
-
Article
Stadium CEO to leave healthy Nordic retailer
Gustav Öhrn, chief executive at Stadium for the last seven years, is preparing to leave the Swedish sporting goods retailer at the end of September, after a robust set of results for the last financial year and Stadium's move into the German market.The company reported sales of 5,048 million Swedish ...
-
Article
XXL claims the leadership in the Nordics
Claiming that it has become the largest sports retailer in the Nordic countries, XXL ASA reported a 32 percent increase in total operating revenues to 1,369 million Norwegian kroner (€160.9m-$180.2m) for the first quarter ended March 31. The company's move into Finland was responsible for 43 percent of the growth. E-commerce ...
-
Article
Intersport Danmark outsources services to its biggest retailer
OBI Sport, the largest shareholder of Intersport Danmark (IDK) and its largest retail member, is taking over the main central service functions of the Danish buying and franchising cooperative through an outsourcing agreement. It is combining its own operations with those of the group, with effect from May 1. The ...
-
Article
TAF will return to France
The Athlete's Foot will return to France, where the banner had a strong presence when it was owned by Rallye. Intersport France plans to make the first trials next year, with a view to setting up a chain of 100 stores in the next three years. The French cooperative is ...
-
Article
Wilson supports quarterly growth at Amer Sports
The year got off to a strong start for Amer Sports, which lifted its turnover by 5 percent in constant currencies for the first quarter. The rise was driven by increased apparel and footwear sales as well as winter sports equipment and sports instruments, while restructuring measures in ball sports ...
-
Article
Amer strengthens digital connectivity
Amer Sports has signed a deal to acquire full ownership of Sports Tracker Technologies, including its Sports Tracker application, on undisclosed conditions. Sports Tracking Technology is a company spun off from Nokia in 2009. It is run by former officials of the Finnish telecommunication company who claim to have developed ...
-
Article
Amer sells Bonfire and Nikita
As expected, Amer Sports has sold off its two brands of board sports clothing. The new owner is Pretty Great, a subsidiary of a Singapore-based company, CNR Pte. Amer had inherited the American Bonfire brand as part of its acquisition of Salomon in 2005. It bought Nikita, a women-specific brand ...
-
Article
Callaway raises profit forecast despite slumping sales
Callaway Golf suffered a sharp decline in its turnover for the first quarter but the company says it has become more cost-efficient and the brand's impetus is strong. The performance led Callaway to reduce its sales forecast while upping its profit estimate for the full year.Chip Brewer, the company's chief ...
-
Article
Jarden reports lower outdoor sales
Sales declined by 8.7 percent to $624.9 million in the Outdoor Solutions segment of Jarden Corp., due for the most part to a drop of nearly 8 percent in the value of the euro and other major currencies against the dollar. Another reason was a delay in shipments of fishing ...
-
Article
VF reports robust underlying demand
Sales of VF Corp.'s outdoor and action sports division, with brands ranging from The North Face to Timberland and Vans, among others, advanced in the first quarter by 2 percent to $1.6 billion, which amounted to a rise of 10 percent in constant currencies.Quarterly sales for The North Face increased ...
-
Article
Skechers delivers a strong quarter
Skechers USA went through a very strong first quarter where its sales jumped by 40.5 percent to $768 million, growing in all the categories. The sales increase came in spite of numerous adverse factors such as the West Coast strikes and unseasonably cold weather in the U.S., the strong dollar ...
