Latest Headlines – Page 363
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Adidas to make up for Reebok this year
With its current drive and the upcoming international sports events, the Adidas Group is confident of reaching a sales increase at a mid to high single-digit level in constant currencies this year. This rise should be driven by strong performance in emerging markets and the expansion of its own retail ...
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Intersport enters China
Intersport International Corp. has signed a master franchising agreement with Fujian New Huadu Supercenter Co. Ltd., described as the biggest retailer in South China. The agreement calls for the opening of 80 to 100 multi-sport and multi-brand stores with a retail surface of between 1,000 and 1,500 square meters in ...
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Good start for Intersport in 2012
Franz Julen, chief executive of Intersport International Corporation, had expressed cautious optimism for the progress of his retail organization in 2012 (see our issue no. 23-2+3 of Jan. 20). He is now predicting a sales increase of between 3 and 5 percent for the affiliated stores this year, offsetting an ...
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Foot Locker sets more ambitious goals
Energized by continued increases in profitability over the last eight quarters and by an excellent fourth quarter in its latest financial year, Ken Hicks, who became chairman, president and chief executive of Foot Locker two years ago, outlined plans to reach $7.6 billion in revenues by 2016, up from $5.52 ...
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Two dampers in Adidas Group's buoyant quarter
The Adidas group delivered a promising performance for the first lap of its Route 2015 run, with sales and profits above the targets set in its five-year strategic plan started last year – in spite of economic sluggishness in several markets and inflated production costs.The company ended the year with ...
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Full speed ahead on Route 2015 for the Adidas Group
The year marked a strong start for the five-year expansion plan launched by the Adidas Group, which calls for its turnover to reach €17 billion by 2015. This would require the group's sales to increase at a high single-digit rate each year, while earnings are meant to expand at an ...
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Quiksilver’s beats its own expectations
Quiksilver increased sales by 5.0 percent to $449.6 million in the first quarter ending Jan. 31, beating its own expectations thanks to a doubling in e-commerce sales and positive same-store sales. For the first time since the second quarter of 2008 fiscal year, the company's revenues rose in all three ...
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Puma rushuffles managers in Europe and Asia
Puma has made several management changes in its European and Asian operations. All changes will be effective on April 1. Sergio Bucher will be acting as “General Manager Europe,” overseeing wholesale and retail in four key countries: Germany, Italy, France and the U.K. The position had remained effectively vacant ...
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India halts cotton exports
It is not sure whether the Indian government's new measures, which were softened late last week, will lead to higher prices for cotton yarns and fabrics, as they did when the Indian government made a similar move in April 2010. The government announced on March 5 a new ban on ...
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SportScheck zeroes in on Germany after good results
According to preliminary figures, Germany's leading sporting goods chain managed to increase its overall sales by 6 percent during its 2011-12 financial year which ended Feb. 29. Altogether, SportScheck reached a turnover of €408 million. This indicates that this subsidiary of Otto Group made a difference to the general German ...
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Intersport’s reorganization in Sweden has been delayed
Intersport Sverige recently called a meeting with suppliers at its headquarters in Gothenburg to discuss with them its recent decision to cancel a controversial plan to change its ownership structure. Under that plan, the national Intersport organization would have bought a 91 percent stake in each of the affiliated stores, ...
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Intres’ members back Dutch sports retail tie-up
The members of Intres, the Dutch buying group that runs the Intersport banner in the Netherlands, have approved its merger with Euretco, the licensee of Sport 2000 in the country, at an assembly held to discuss the deal earlier this month. Sport Partner reports that the works councils of both ...
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Good results for Intersport Austria
We recently obtained some other figures for the results of Intersport Austria in its latest financial year, which ended Aug. 31: The company's net revenues increased to €239.1 million as compared to €218.8 million in the previous financial year, although its pre-tax profit declined to €2.2 million from €2.4 million.Driven ...
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Strong increases for Dorel’s bikes
Dorel Industries reported a sales increase of 11.2 percent in 2011 to $861.8 million for its recreational & leisure segment, which includes brands such as Cannondale, Schwinn and GT. Driven by new products, sales to independent bike dealers grew by more than 25 percent, with most of the growth taking ...
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Sports sandals are off at Yue Yuen
Yue Yuen's total revenues rose by 12.7 percent to US$1.91 billion in its first quarter, ended Dec. 31. Sales of athletic footwear increased by 14.3 percent to $1,033.5 million, while casual and outdoor shoes were up by 16.8 percent to $324.6 million, and sports sandals were down by 38.4 percent ...
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On the eve of its possible IPO, Sanfo gives promising figures
Sanfo, China's leading specialty outdoor retailer, managed to raise its total sales by 55 percent to well above $32.5 million in 2011, but its owner, Heng Zhang, feels that this kind of growth was natural in market like the Chinese one. He told The Outdoor Industry Compass in Beijing that ...
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Two French buying groups move toward a merger
Twinner France, a buying group with some 200 affiliated stores, has acquired a controlling stake in another French cooperative, Les Pros du Sport, which counts 350 doors. Les Pros du Sport becomes a subsidiary of Twinner, and the idea is to reach complete integration within the next three years, with ...
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Go Sport plans capital increase
The third-largest French sporting goods retailer after Décathlon and Intersport is planning to launch an equity increase of about €30 million during the second quarter of 2012 to pay back part of its debt and to finance the renovation of some of its stores. The board of directors of Groupe ...
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JJB sees some improvement
JJB Sports, the embattled British sports retailer, indicated in a trading update that its performance partly improved in the last five weeks of its fiscal year, ended on Jan. 29, as its gross cash margin jumped by 32.1 percent in that period, although sales decreased by 5.7 percent on a ...
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First decline in eight years for the Norwegian sporting goods market
After eight years of steady growth, the Norwegian sporting goods market has recorded a decline in sales. In 2011, turnover was approximately NOK 11.5 billion (€1.5bn-$2.1bn) at retail, a small decline of 0.2 percent compared with 2010. Still, the market has grown by over 60 percent since 2004. The weather ...
