Latest Headlines – Page 319
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Airesis makes a profit but Le Coq dips into the red
The sale of Boards & More to a German-based equity fund last year resulted in an extraordinary gain of 17.9 million Swiss francs (€14.7m-$20.2m) for its former parent company, Airesis, raising its equity by 50 percent to CHF 62 million (€50.9m-$70.1m).However, the other major property of the Swiss group, Le Coq ...
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XXL loses lawsuit against Gresvig
XXL recently lost a lawsuit against Gresvig over a price matching campaign that the latter had launched right before the Sochi Olympic Games. The fast-growing Norwegian sporting goods retailer had argued that Gresvig's campaign for its G-Max G-Sport stores was illegal under Norway's Consumer Ombudsman (CO) laws. It stated that ...
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Good 2013 results for Swix
The Swix Sport Group raised its sales by 10.1 percent to 759 million Norwegian kroner (€92.0m-$126.8m) in 2013 as compared the previous year, and its operating profit before amortization (Ebitda) grew by 38.6 percent to NOK 70.7 million (€8.57m-$11.81m).The good results were mainly due to strong organic growth in Sweden, Norway ...
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Babolat launches Babolat Play
Babolat has launched the first “connected” tennis racquet in the market, allowing professionals and amateurs to measure their performance in many different ways, besides just scoring points against their competitors, to help improve their game. After a successful soft launch in the U.S. last Dec. 4, it will be introduced ...
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Regatta supports strong growth with new initiatives
Regatta is planning to boost its marketing expenditures by about 30 percent this year while launching a new R logo as part of a campaign developed with Saatchi & Saatchi. The investment follows another major increase in the Regatta Group's turnover, which reached the equivalent of about €200 million for ...
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Mifa books a loss and sells a stake to Hero
Mifa said it has incurred a prospective net loss for the year 2013 of around €15 million. The company, which is Germany's largest bike manufacturer, attributed the loss to a failure to meet sales forecasts. The company added that it incorrectly recorded inventory levels while introducing a new accounting system ...
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The German bike market fell in 2013 but e-bikes sales were up
Bike shipments in Germany to dealers dropped by 5.5 percent to a total of 3.75 million units in 2013. Sales were depressed by a long winter and a rainy summer. E-bikes, however, continued to perform strongly with sales rising by 7.9 percent to a total of 410,000 units. With these ...
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Next Ispo Beijing will take place in January
Messe München has decided to hold the next edition of the successful Ispo Beijing fair on Jan. 28-31, 2015, about three weeks earlier than before. It will thus take place shortly after the Outdoor Retailer Winter Market in Salt Lake City and a few days before the next Ispo Munich ...
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Xebio expands in China, Korea and elsewhere
The big Japanese sporting goods retailer has set a goal for itself to operate 100 stores outside its home country by 2019, expanding mainly in China and South Korea in the multi-sport retail channel. In China, where it already has two stores in Shanghai, it plans to add a third ...
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Peak Performance starts performing in China in lifestyle mode
At the last Ispo Beijing, Peak Performance premiered in the Chinese market with its recently appointed national distributor, YGM. Its executive director and general manager, Andrew Chan, told us that he intends to position the Swedish brand as a fashion and lifestyle label rather than a function-driven brand.This strategy is ...
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Reforms nearly completed at Li Ning
Li Ning Company said that the first stage of its wide-ranging reforms had been nearly completed and the efforts were starting to pay off. However, the Chinese supplier added that market uncertainty could affect the improvements this year.The group's sales slumped by 12.8 percent to 5,824 million yuan renmimbi (€679.8m-$936.8m) last ...
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360 Degrees suffers in China, invests abroad
After a year marked by slumping sales and sharp cost reductions, as well as foreign investments, 361 Degrees International detected signs that the Chinese sporting goods market had pulled through the worst of its downturn towards the end of the year.The company is particularly hopeful that the new Chinese government ...
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Xtep invests in sports
Investments in sports and functional product ranges were among the measures taken by Xtep to overcome sluggish demand last year, along with tighter management of orders and inventories.Xtep saw its sales decline by 21.7 percent to 4,343.1 million yuan renmimbi (€507.2m-$698.7m) for the year. Although the average wholesale discount rate ...
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Improved profit after multiple cuts at China Dongxiang
Chen Yihong, chairman at China Dongxiang, is apparently quite philosophical about the mixed performance at his company, which owns rights to the Kappa brand in China, Macau and Japan; and owns the Phenix skiwear brand. His statement about last year's results is even enhanced by a quote from the philosoher ...
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Better results for Alpargatas
Sales increased by 13.9 percent in 2013 at Alpargatas to a new record of 3,426 million Brazilian reais (€1,056.1m-$1,460.1m), thanks in part to higher average selling prices, and the company's net profit went up by 10.7 percent to R$310.0 million (€95.6m-$132.1m). The gross margin fell slightly to 41.5 percent but ...
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Crocs posts higher sales but earnings plunge
Crocs saw its revenues increase by 1.6 percent to $228,673 in the fourth quarter of 2013. For the full year, the American footwear company's revenues increased by 6.2 percent to $1,192,680. On a constant currency basis, the increase was of 4.1 percent and 8.8 percent in the fourth quarter and ...
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Luxottica will work with Google on smart eyewear
Luxottica and Google announced last week a partnership for the design, development and distribution of spectacles for Google Glass that will involve the popular Ray-Ban and Oakley brands, using also Luxottica's retail and wholesale distribution channels once Glass will become more widely available.Google Glass is still in a beta testing ...
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Safilo will focus on Polaroid, repositioning Carrera
Seriously hurt by the loss of the Armani licenses, Safilo confirmed plans to significantly develop its proprietary brands, which represent about 20 percent of its total sales, but the focus seems to have shifted to the recently acquired Polaroid brand, which benefits from a strong image, from Carrera, which will ...
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Marchon marches on at a double digit
Wearing a Google Glass shield, Claudio Gottardi, president and chief executive of Marchon Eyewear, told a small group of journalists during the Mido show in Milan that the company is expected to raise its sales by between 13 and 14 percent this year, or roughly at the same pace as ...
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Spy turns around, gearing up for expansion
Spy is aiming for a 50-50 sales split between sunglasses and prescription frames because of the much bigger number of optical accounts operating in the U.S. and the rest of the world. The number of its optical retail accounts in the U.S. has risen to about 1,000 from only 200 ...
