Latest Headlines – Page 321
-
Article
Sports Direct wants the leadership in Ireland
Sports Direct International, which is already the largest sporting goods retailer in the U.K., is making a bid to possibly become also the biggest one in the Republic of Ireland through the takeover of Elverys, which is believed to be the second-largest player in the market after Lifestyle Sports, in ...
-
Article
Double-digit gains in sales and profits at Sports Direct
Sales grew by 11.2 percent to £655.4 million (€795.8m-$1,093.7m) at Sports Direct International for the 13-week period ended last Jan. 26, according to an interim statement, driven in particular by higher sales in the Premium Lifestyle and Brands divisions. Higher margins in Sports Retail helped the group to book a ...
-
Article
XXL gets the leadership in Norway
The year 2013 was a relatively strong one for the sporting goods market in Norway according to the latest figures compiled by Sportsbransjen, the country's sporting goods industry association. Compared with 2012, retail sales increased by 3.4 percent, largely driven by cycling and ski sales, and industry experts are also ...
-
Article
Go Sport continues to report losses
The new management of the Go Sport Group, installed last Oct. 7 under the chairmanship of Jean-Paul Onillon, wants to work more closely with the international brands to give a new impetus to its generalist Go Sport chain in France, partly through promotions online and offline. It wants to optimize ...
-
Article
Zalando’s margins are less negative
Without confirming the growing rumors about its possible introduction on the stock exchange, Zalando has given rather detailed figures about its financial performance in 2013. Europe's largest online retailer of fashion products reported a few days ago that it grew by 52 percent last year to around €1.76 billion. Following ...
-
Article
Puma’s sales should stabilize this year
Puma's sales and profit margins continued to slide in the fourth quarter of last year, but the company's management predicts that sales will stabilize this year, on the back of a strategic overhaul and large-scale marketing investments.The company's turnover fell by 13.2 percent to €698.3 million for the quarter, which ...
-
Article
Puma rebels
As Bjørn Gulden introduced the figures to reporters in Herzogenaurach earlier this month, he started by showing the medals table of the Sochi Olympics. The Norwegian chief executive was delighted that his country was number one at that point – only to add that the same could not be said ...
-
Article
Easton-Bell sells its baseball business to Bauer
Bauer Performance Sports has agreed to pay $330 million, or a multiple of nine times adjusted earnings before amortization (Ebitda) for the baseball and softball operations of Easton-Bell and the Easton brand name. The acquisition turns the Canadian hockey and lacrosse specialist into the world's biggest supplier of team sports ...
-
Article
Briko invests in product and people
After a relatively lackluster year of transition, Briko reports an increase of up to 50 percent in autumn/winter 2014/15 orders for some of its lines following major investments in product development. They have led the Italian producer to win two Ispo Awards for its Lava goggle, which features an iconic ...
-
Article
Accell’s sales are boosted by e-bikes and North America
In reporting its financial results for the past year, René Takens, chief executive of Accell Group, indicated that it may use the €20 million earned from last month's sale of Hercules to ZEG for other acquisitions. it will actively seek potential acquisitions that are a good fit with its profile ...
-
Article
Billabong makes some progress
Billabong International posted a net loss of 126.3 million Australian dollars (€82.9m-$113.9m) for the six months ended last Dec. 31, down from a loss of A$536.6 million in the same period a year earlier, on a 4.6 percent drop in net revenues to A$667 million (€437.6m-$601.5m).Ongoing operations generated revenues of A$579.8 ...
-
Article
New licensees for Umbro
Iconix Brand Group told financial analysts a few days ago that it has signed new licensing agreements for Umbro in the U.K., Germany, Italy and the U.S. The company also revealed that it got $10 million from Descente to extend its ownership of the rights to the Umbro brand from ...
-
Article
BasicNet's profit up 5-fold
BasicNet, the parent company of Kappa, K-Way and other brands, said in a preliminary statement that its net profit for 2013 surged to €8.4 million as compared to €1.6 million in 2012. Earnings before interest, taxes, depreciation, and amortization (Ebitda) were €22.8 million, representing a 91.2 percent increase. Adjusted operating ...
-
Article
Moncler’s strong growth may be softening
Moncler's quotation on the stock exchange fell by more than 10 percent after the management indicated that it has been suffering from the mild conditions in Italy during the first two months of this year. Nevertheless, the company reported higher increases in sales and profits for 2013 than financial analysts ...
-
Article
OSV and Eurosima share services
Two big associations based in France, Outdoor Sports Valley (OSV) and the European Surf Industry Association (Eurosima), have agreed to offer all their services to the combined membership of 340 companies. The two associations have been working together from the beginning, learning best practices from each other. More recently, they ...
-
Article
New momentum for Columbia
Columbia Sportswear reported a sales increase of only one percent to $1,685 million in 2013, but the company enjoyed a higher-than-expected sales increase of 6 percent in the fourth quarter and the management sees the growth accelerating to a rate of between 15 and 17 percent in 2014. More than ...
-
Article
VF sees outdoor sales accelerating
The management of VF Corporation predicts that The North Face will grow by around 12 percent this year and Timberland by about 10 percent, compared with increases of 7 percent and 5 percent, respectively, in 2013. The acceleration became evident in the fourth quarter of last year, when the two ...
-
Article
Management changes at TNF China
Simon Shih, who is considered to be one of the most experienced people in China's growing outdoor industry, has become the new general manager of The North Face in China, taking the place of Patrick Zhong who has left the company.While Zhong was previously a category sales director at Nike ...
-
Article
Wolverine grows more slowly than expected
Sales increased by only 0.6 percent on a pro-forma comparable basis for Wolverine Worldwide in the fourth quarter ended last Dec. 28, due in particular to the impact of the early and protracted cold weather in the U.S., which led many consumers to buy boots as of last September. ...
-
Article
Skechers’ earnings soar
The momentum that the company experienced in the first nine months of 2013 continued through the fourth quarter, in spite of adverse weather conditions in the U.S., resulting in the second highest fourth quarter sales in the company's history.Skechers USA posted sales of $450.7 million in the fourth quarter ended ...
