Latest Headlines – Page 333
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Anta sees the end of the tunnel
Anta Sports Products saw the first signs of a possible turnaround at its latest quarterly in-house fair, where the Chinese company collected a higher value of orders than one year ago for shipments in the first quarter of 2014. Orders had been declining at the company's house fair since those ...
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Branded athletic shoes grew faster than apparel in 2012
Both categories suffered a major slowdown in their growth around the world last year in terms of U.S. dollars, partly due to the depreciation of the euro and the sharp contraction in the previously booming Chinese market, according to the studies of the wholesale sports market conducted annually by Sporting ...
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Better prospects for the European market
An online survey conducted by us among sporting goods brands, manufacturers, distributors, agents and retailers earlier this month, just before the OutDoor show in Friedrichshafen, indicates that the European market may have reached bottom, as orders for the spring/summer 2014 season are expected to be higher than one year ago.The ...
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Helly Hansen’s former owner is in line to buy Rossignol
Altor Equity Partners, the Nordic investment fund that acquired Helly Hansen in 2006 from Investcorp and sold it last year with a big capital gain, is in exclusive discussions to take over an 80 percent stake in the Rossignol Group. The balance of 20 percent would be owned by Bruno ...
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Billabong sells DaKine, installs Olivet
Billabong International will continue as an independent group with a new chief executive and managing director, Scott Olivet, and without one of its brands, DaKine. The new set-up is accompanied by a financial rescue package of 395 million Australian dollars (€276.1m-$363.2m), arranged by Altamont Capital Partners and GSO Capital Partners, ...
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Staff cash in rewards of SDI’s rising profits
Sports Direct International (SDI), the leading British sports retailer and wholesaler, continued to spread its weight in the European market with expansion in all of its activities for the fiscal year to April 28. While it made headlines with its international acquisitions, the company also grabbed yet more market share ...
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Mixed results for Groupe Go Sport
The Go Sport Group suffered an overall sales decline of 4.1 percent to €310.8 million in the first half of this year, but its net consolidated losses dropped to €8.6 million from €17.4 million in the year-ago period in spite of deteriorating operating results. The gross margin declined to 38.9 ...
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Sport 2000 plots a multi-channel strategy
At its recent general meeting in Thessaloniki, Greece, Sport 2000 International decided to pursue an expansion strategy in e-commerce and mobile commerce, while positioning its affiliated stores as “multi-category specialists” with a focus on football, running and outdoor sports.Wolfgang Schnellbügel, managing director, said that Sport 2000 should be transformed “from ...
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German buying groups’ business is influenced by bad weather
The Intersport and Sport 2000 buying groups are both behind last year's sales for the period between January and June. Compared with last year's period, the two groups suffered a decline in sales on the retail level of 3 and 3.1 percent, respectively. This is no surprise after the weather ...
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Exisport restructures after expansion in Poland
Exisport, the leading sports retailer in Slovakia, said it was taking restructuring measures to focus on its profitable business in the Slovak market, after the closure of many of its stores in Poland. With 34 stores around Slovakia that reaped sales estimated at €39 million last year, Exisport said it ...
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The North Face and Vans make up for sluggish Timberland
The Outdoor and Action Sports division at VF Corporation lifted its sales by 6 percent to $1.1 billion for the quarter ended June 29, driven by The North Face and Vans as in many previous quarters, while Timberland was in decline. The unit saw its sales rise across the U.S. as well ...
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Wolverine goes up in quarter, but Merrell goes down
After a relatively good first quarter, Merrell registered a decline in the second quarter ended on June 16, as compared to the same period a year ago, in spite of high double-digit growth for its new M-Connect line. However, the management of its parent company, Wolverine Worldwide, is confident that ...
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Hi-Tec sets up a team for the Netherlands, Belgium, Germany and Austria
Hi-Tec Sports has appointed Peter Korver to head a new team covering the Netherlands, Belgium, Germany and Austria. The move follows the Dutch-based sports and outdoor footwear company's decision to take over its own distribution in Germany and Austria from WB Compagnie, a specialist in corporate products based in eastern Germany, ...
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Cantet heads up Oakley Europe
We understand that another Frenchman, Olivier Cantet, has taken the place of Frank Heissat as vice president and general manager of Oakley for Europe, the Middle East and Africa (EMEA). As previously reported, Heissat has left the company after three years to run a French sportswear brand, Le Coq Sportif. ...
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Rapala’s own products post slight sales increase
Rapala registered a 3 percent decline in net sales for the second quarter to €81.4 million as compared to the same quarter a year ago. For the first six months, they were stable at €156.7 million. The company said that the sales performance was in line with expectations, although it ...
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Women seek a stronger role in cycling
Several professional female cyclists are asking the organizers of the Tour de France, Amaury Sport Organisation (ASO), to include a women's tour alongside the men's race, starting in 2014. The initiative, including a letter and online petition, was launched on July 11 by a Dutch cyclist, Marianne Vos; Chrissie Wellington, four-time ...
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Big growth potential in the women’s market
The Outdoor Industry Compass and its more generic sister publication, Sporting Goods Intelligence Europe, have decided to diversify their market research efforts, launching a specific study of the women's market for outdoor products and other types of sporting goods, which is often neglected by some brands and some of their ...
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Big lift in Nike's sales and profits, despite a dip in China
While the brand was hurt by the continued cleanup of its business in China, advances in nearly all other regions enabled the Nike group to report ample growth in both sales and profits for the three months until the end of May, which was the last quarter of its financial ...
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Sportmaster eyes Chinese openings
Sportmaster, the leading Russian sports retailer, is one the latest international retail companies to try and explore the Chinese market for multi-brand retailing. Suppliers based in China confirmed that they had been approached by Sportmaster buyers as the Russian group is envisaging the opening of Chinese stores, and the company ...
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Internetstores buys Addnature
Internetstores, a German-based online retailer of bicycles and outdoor products, has signed an agreement for the acquisition of a Swedish e-tailer, Addnature, for an enterprise value of around 230 million Swedish kronor (€26.5m-$34.5m). Most of the proceeds will be reinvested into the combined company. The takeover is being financed by ...
