Latest Headlines – Page 309
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Profitable Zalando prepares its IPO
Both Zalando and one of its initial shareholders, Rocket Internet, are poised to announce their entry on the Frankfurt stock exchange. Zalando began to offer new shares to institutional investors yesterday, coinciding with the start of a roadshow for potential investors across Europe and the U.S.. The company is set ...
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Rocket Internet launches a new Global Fashion Group
Rocket Internet, which is also based in Berlin, is set to be listed on the Entry Standard of the Frankfurt Stock Exchange before the end of this year. Reportedly, the company is planning to float initially between 10 and 15 percent of the capital, seeking a valuation of around €5 ...
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Timberland eyes 13% growth annually
Timberland laid out a five-year development plan last weel that calls for a compound annual growth rate (CAGR) of 13 percent for the brand, acquired by VF Corp. three years ago, with increases of 12 percent for footwear and 14 percent for apparel. At this rate, Timberland's annual revenues would ...
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Lafuma moves into the black
The Swiss Calida group, which has gradually taken over 59.9 percent of the shares in the Lafuma Group, has managed to turn it around after many years of losses, following a major reorganization which is now largely completed. Lafuma reached an operating profit of €1.5 billion for the first six ...
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Adidas reacts to new negative reports
Creating a new position, Adidas has promoted its creative director, Paul Gaudio, to head of global design and moved him from Herzogenaurach to the company's U.S. office in Portland, Oregon. Gaudio is American and has worked for the group as strategic director of the sport performance division and as general ...
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Kipstadium will be Kipsta’s new headquarters
In March 2015, Décathlon will open a new laboratory for team sports near the cities of Tourcoing, Roubaix and Wattrelos, in the northeast of France. Kipsta, the team sports brand of Oxylane, the French group that owns Décathlon, will leave the group's headquarters in Villeneuve d'Ascq, near Lille, also in ...
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Macron continues to grow across Europe
The Italian producer of team sports apparel based in Crespellano, near Bologna, has recently signed a series of new partnership deals with prestigious football clubs in Europe. On Aug. 26, Macron announced a new five-year agreement with Norwegian Tippeliga football club FK Haugesund, starting in 2015. Macron will be FK ...
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Lululemon wants 20 stores in Europe
Lululemon said wants to open 20 stores in Europe and 20 in Asia by the end of 2017. Its second store in London is opening in December this year. Prior to the retail roll-out, the Canadian apparel brand is setting up an international network of showrooms. It will continue to ...
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Stella posts some gains
Stella International has reported a 3 percent increase in net income to 52,378,000 yuan renmimbi (€6.47m-$8.53m) for the six months ended on June 30. Shoe deliveries declined slightly to 23.7 million pairs from 23.8 million pairs in the same period a year ago, but average selling prices rose by 5.6 percent ...
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Karstadt’s future is uncertain
The management of Karstadt is going to review the details of a program intended to eliminate the losses of its 83 regular department stores, discussing it with its employees and their union representatives, until the next meeting of its new supervisory board on Oct. 23. Like other department store operators, ...
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New SGI Europe study examines the women’s market
Only 1% of German women prefer to undertake a sports activity with men. It is one of the most stunning results of a recent survey of 3,200 women who engage with sports in Germany. It was conducted online and in cooperation with Intersport Germany in early 2014. This and other ...
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Bread & Butter will remain BBB
The organizers of the Bread & Butter show have decided to keep staging it in Berlin for the coming winter edition, which is now scheduled for Jan. 19-21, 2015, parallel to Premium, Panorama and Bright like in the past. The majority of exhibitors and trade visitors were skeptical about holding the event ...
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TAF goes Dutch, more international
Intersport International Corp. (IIC) has announced its first master franchising agreement in Europe for The Athlete's Foot (TAF) since it acquired the international chain in December 2012. The deal is with Euretco B.V., the Intersport licensee in the Netherlands that came out of a merger between the former Euretco and ...
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Growth of 4.5% for Intersport in H1
The retailers affiliated with Intersport International Corp. (IIC) booked a 4.5 percent sales increase for the first half of 2014, thanks in part to the euphoria around the World Cup of football. The month of July was slightly below last year while August was very good again, leading IIC's management ...
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Runners Point is set to enter other markets under Bart De Wilde
In reporting excellent results for the second quarter, Foot Locker indicated late last month that it would like to expand the German-based Runners Point Group, which it took over a year ago, beyond the German-speaking countries and the Netherlands. The group has 214 stores trading as Runners Point and Sidestep ...
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Foot Locker continues to grow fast
Beating analysts' estimates, Foot Locker reported a 39.4 percent increase in net earnings to $92 million for the second quarter ended Aug. 2 as revenues jumped by 12.9 percent to $1,641 million, with a 7.0 percent increase on a comparable store basis across the world. Sales grew by 11.7 percent ...
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Questions remain about Karstadt's future
Observers will have to wait until a newly scheduled meeting of Karstadt's supervisory board next Thursday to get a view of René Benko's future plans for the 86 department stores and the 28 sporting goods stores of the loss-making German retail group. As previously reported, Benko's Austrian-based real estate company, ...
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Quiksilver reports poor quarterly results, but recovery is in sight
Sales declined in all the regions and for all the brands in the third quarter ended July 31, leading Quiksilver to post a net loss on continuing operations of $220.1 million for the period, including an impairment charge of $182.6 million for goodwill related to Rossignol, against income of $2.1 ...
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Billabong divests online platforms
Billabong International has sold its multi-brand, surf-related e-commerce operations to an investors' consortium that includes the founders of Surfstitch, Justin Cameron and Lex Pedersen, for total proceeds of more than 35 million Australian dollars (€25.29m-$32.73m). The assets being divested are Billabong's 51 percent stake in Surfstitch.com, the Australian online surfwear ...
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Billabong regains some traction
The reorganization of Billabong International and its concentration on fewer brands and activities seem to have started to pay off, particularly in the first six months of 2014. The group's net losses declined by 78 percent to 233.7 million Australian dollars (€168.85m-$218.55m) for the financial year ended last June 30 as ...
