Latest Headlines – Page 301
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Adidas sells Rockport to New Balance and co.
New Balance will form a new company with Berkshire Partners that will take over The Rockport Company from the Adidas Group. The new company will also acquire the Drydock Footwear business of New Balance, which comprises its three main brands of casual and comfort shoes: Aravon, Dunham and Cobb Hill.We ...
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Adidas achieves targets, grows in Germany
After issuing several profit warnings in the past year, the Adidas Group finally delivered more or less what it had predicted the last time around in terms of sales and profits. In a preliminary statement, the group said its turnover increased by 6 percent in 2014 on a currency-neutral basis, ...
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Reebok launches an interesting campaign
Reebok has launched a new fully-integrated, global marketing campaign under the slogan “Be More Human.” The campaign officially kicked off in the U.S. with a TV commercial on NBC on Feb. 1, during NBC's Super Bowl pre-game show. Tt starting around the same time n Western Europe, focusing on digital ...
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Callaway gains market share, hit by currency swings
Despite the troubles that beset the global golf industry and its leading rival last year, Callaway Golf managed to increase its turnover in all regions and most categories, and it returned to profit for the first time since 2008. After many cutbacks as well as investments, the company said the ...
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Jarden ended 2014 well
In a preliminary statement, Jarden Corp. said a few days ago that it is likely to report on Feb. 12 sales of at least $2.4 billion for the fourth quarter ended Dec. 31, thanks to strong organic growth, offsetting a significant negative impact from the strong dollar and other changes ...
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Fitness delivers higher sales and earnings at Brunswick
Brunswick Corporation's sales advanced by 7 percent to $3,838.7 million in 2014, driven by the existing business as well as acquisitions. After abundant investments in the last quarters, the performance included increases of 8 percent in U.S. sales and 4 percent in international sales. .The sales data refer to the ...
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Brooks posts half a billion in annual sales
Brooks Running posted 15 percent growth in its 2014 sales, which reached a half billion dollars. The turnover of the company, which is owned by Berkshire Hathaway, was boosted by a 13 percent increase in U.S. footwear sales and a 32 percent jump in the EMEA (Europe, the Middle East ...
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French market posts best results in 5 years
The French sporting goods market posted a 3 percent increase in 2014, mainly driven by an increase in sports participation during the period. According to the figures recently issued by NPD Group, this is the best performance for France in the last five years. Combined sales of sports apparel, footwear ...
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Another record Ispo Munich, but...
Ispo Munich will again have more than 2,500 companies completely filling the space in its fairgrounds later this week, starting on Thursday. More booth space has been rented out than ever before, and visitors' registrations are up from a year ago. There will be many new entrants and newcomers, but ...
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Uncertainties but buoyant prospects for China’s sports market
The growth of the Chinese outdoor market declined markedly last year and there are signs that a clean-up has started among brands as well as retailers. However, the outdoor market was still on the rise last year and prospects are buoyed by growing participation trends.The China Outdoor Commerce Alliance (Coca) ...
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Halti teams up with expanding Chinese partner
Halti is to return to the Chinese market later this year after the Finnish ski and outdoor brand sold its trademark rights for Greater China. They were acquired by B.C. Sports, one of the leading outdoor distributors in China, which displayed Halti at Ispo Beijing. B.C. Sports has already sealed ...
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A clearer picture of the big Chinese market
We finally made it, just in time for last week's Ispo Beijing. After two years of research and extensive travel to many large and small cities in the country, we were able to finalize the most comprehensive report ever published about the Chinese sporting goods market.It follows the recent ...
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Polartec launches its hybrid wool/synthetic fabric
Wool is as hot as down, and Polartec is going for a hybrid product combined with synthetic fibers to get the best of both worlds, somewhat like Primaloft and Columbia Sportswear a year ago with their natural/synthetic down blends or, a few years earlier, like Toyota with its hybrid gasoline/electrical ...
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The debate on down standards heats up
Producers of outdoor clothing are being invited for the first time by two competing organizations to join a series of discussions about the standards that should be applied in the sourcing of duck and goose down.Patagonia, the undisputed pioneer in this domain, will host a lunch debate at the Ispo ...
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Freddy mixes sport with glamour
Feeling that the sports market is moving in its direction, Freddy is coming back to the Ispo Munich show, introducing a touch of glamour into its functional products with its successful, patented, body-hugging WR.UP women's pants, accompanied by matching ballerinas, socks and bags.After opening new markets in Australia, Canada and ...
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Industry stocks went up by 19.3% in 2014
The stock market capitalization of the publicly traded sporting goods companies around the world grew by 19.3 percent on a weighted average basis to $343.8 billion in the course of 2014, outperforming the overall economy as in previous years. Between the beginning and the end of the year, the Dow ...
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Acushnet should go public in 2016
Fila Korea, Mirae Asset Private Equity and other investors who bought Acushnet Company in 2011 for $1.23 billion, are reportedly seeking a valuation of around $1.8 billion for the parent of Titleist and Footjoy. That would correspond to ten times its operating earnings before amortization (Ebitda), which amounted to an ...
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Jarden takes over Dalbello
Consolidating its increasingly close relationship with the big Italian manufacturer of ski boots, Jarden Corporation has announced a definitive agreement to acquire the Dalbello Group through its Marker Völkl subsidiary. It said that the transaction is securing synergies for further innovative development, while creating cross-selling opportunities.The purchase price has not ...
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New strategic investor for Germany’s Planet Sports
21sportsgroup, the Mannheim-based company that runs the 21.run.com, 21cycles.com and 21streetwear.com online stores, has acquired all the shares in Planet Sports, a company that is regarded as a major online and offline action sports retailer in Germany. A consortium of investors is supporting the transaction, the conditions of which have ...
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Dutch and German buying groups merging?
De Telegraaf reported last week that Euretco, the buying group handling the Intersport banner in the Netherlands, is likely to be taken over by EK Servicegroup, a German buying group. The two parties, which already work together, have responded that a far-reaching partnership was under discussion but had yet to be ...
