Latest Headlines – Page 307
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Foreign momentum helps Wolverine to keep growing
Without changing its profit target for this year or the five-year forecast that it had outlined a year ago, the management of Wolverine Worldwide reduced its guidance for the group's turnover in 2014. Instead of growing by around 3 percent as previously forecast, it will more likely increase by only ...
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Continued strong growth for Skechers
Skechers' sales continued to grow briskly in the third quarter ended Sept. 30, rising by 30.7 percent to $674.3 million, leading to a 29.5 percent increase for the first nine months of the year. Order backlogs were up by more than 50 percent at the end of the period and ...
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Crocs’ sales go up by 4.8% in the quarter
Crocs reported a 4.8 percent revenue increase in the third quarter ended Sept. 30, to $302.4 million, in line with guidance of $300 million to $305 million. On a constant-currency basis, sales went up by 5.4 percent. They were driven by strong revenue growth in Europe, particularly in the wholesale ...
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Crocs makes new appointments
Two of Crocs' new managers will be in charge of the Americas and the Greater China region. Two others have global responsibilities: Greg Sullivan as senior vice president of “global business transformation” and Michelle Poole as senior vice president of global product creation and merchandising.The new general manager of Crocs ...
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Polish market in good shape, researchers say
The Polish sporting goods market is expected to grow in the current year at a rate of 5.2 percent compared with 2013. This is one finding of a recent research project by PMR, a market research and consultancy company in Cracow. According to its report, it is expected to increase ...
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The Italian ski equipment market has improved
Pool Sci Italia, a consortium that represents ski equipment producers in Italy, has presented its sell-in results for the 2013/14 ski season, based on data supplied by both its member companies and collaboration with non-members. The survey, which has reached its 10th edition, covers the three categories of skis, bindings ...
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Clean-up, investments pay off at Belle
Another confirmation of the apparent turnaround in China's sports apparel and footwear market came a few days ago with a strong performance by Belle International, one of the two biggest Chinese sports apparel and footwear retailers. Sales and profit margins for this part of Belle's business both advanced significantly for ...
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WFSGI brings design and manufacturing together
The World Federation of the Sporting Goods Industry (WFSGI) has finalized an impressive line-up for the WFSGI Manufacturers Forum to take place in Leipzig on November 13 and 14. It will bring in top speakers from the industry as well as specialists from other sectors. They will discuss the integration ...
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Sports brands back sustainable down supply chain
Textile Exchange has announced that a number of international outdoor and fashion brands and retailers including Eddie Bauer, Marmot, Mammut, Helly Hansen, H&M and others have adopted its Responsible Down Standard (RDS). Textile Exchange is a U.S.-based non-profit organization operating internationally for sustainability in the apparel and textile industry. The ...
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The world’s biggest sporting goods chains grow more slowly
Their combined sales rose in 2013 at an average weighted rate of 6.8 percent in local currencies, according to an annual study of the major sporting goods retailers by Sporting Goods Intelligence, down from the impressive growth of 10.2 percent that they had registered in 2012. In terms of U.S. ...
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NPD gives some data on the world market
The global sporting goods market grew by 5 percent at retail in 2013, according to the NPD Group, reaching a value of €277 billion, or $367 billion, in terms of consumption (including sales taxes). It followed the general trend of the last few years, when its annual growth varied between ...
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Nike surprises the market with a strong quarter
Nike's share price shot up by 12.23 percent to an all-time high of $84 a share after the company reported a very strong first quarter and upgraded its outlook for the full financial year. Sales increased by 15 percent in dollars as well as in local currencies during the quarter, ...
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Adidas supports its share price
Adidas has reported the successful completion of its first eurobond offerings since 2009, which received a strong reception because the bonds can be traded on the Luxembourg Stock Exchange. The group raised a total of €1 billion through two separate bonds - a 7-year eurobond of €600 million and a ...
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German Intersport believes in one kaiser rather than two kings
Intersport Deutschland is no longer run through its unique model of two presidents with equal rights. Instead, the supervisory board of the big German buying group, which comprises seven retailers and two external members, has decided to promote one of the two, Kim Roether, to be the sole chairman of ...
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China untapped: report studies fast-growing, second-largest global market
While some of the largest sports companies operating in China are just starting to enjoy a rebound, the market as a whole expanded markedly last year. The NPD Group estimates that the Chinese retail market reached the equivalent of 198 billion yuan renminbi or $31.9 billion last year, which was ...
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Sportmaster deploys stores in northern China
The Chinese sports retail market continues to undergo significant changes, including the arrival of more international multi-brand sports retailers. The latest big player to have started trading in the world's second-largest sporting goods market is Sportmaster, the Russian sports retail giant, which has opened seven stores in the north of ...
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Sports Direct invests in Tesco and Debenhams
Sports Direct International has reinforced its relationships with these two U.K.-based retailers with new put options that give Goldman Sachs the right to sell shares to SDI in them if their share price falls below certain levels. SDI is already working with both of them through concessions in their stores.A ...
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Netshoes may go public
Netshoes, a Brazilian-based online retailer that has become the world's largest pure e-tailer in the sporting goods sector, is said to be contemplating a public offering, in the wake of other more generalist e-tailers such as Zalando and Alibaba.According to Reuters, Netshoes has been generating an operating profit for the ...
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XXL has gone public
XXL, the big and fast-growing Nordic sports retailer based in Norway, which has been renamed as XXL ASA, has gone public as planned. On Oct. 3, the shares were floated on the Oslo Stock Exchange with an introductory price of 58 Norwegian kroner, giving the company a market capitalization of ...
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XXL wins Norwegian Retail Award
The Norwegian sporting goods retailer XXL Sport & Outdoor has won the 2014 Virke Retail Award. The prize, which aims to highlight the best success stories from the Norwegian retail industry, was awarded at the annual trade conference hosted by the Enterprise Federation of Norway, Virke.XXL won the award after ...
