Latest Headlines – Page 368
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Spanish children need to lose weight
There are now proportionately more obese children in Spain than in the U.S., according to a new Spanish study conducted among 2,000 people over the last five years.Based on international standards, 26.1 percent of the Spanish children up to the age of 18 are overweight. Another 19.1 percent of the children are obese, ...
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Buoyant quarter for Nike, in spite of sluggish European sales
Nike is bulldozing its way through the economic rubble, as its sales soared by 18 percent to $5.7 billion for its second fiscal quarter, until the end of November, with an increase of 16 percent in constant currencies.On the other hand, the company's gross margin was down by 2.6 percentage ...
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All systems go at Adidas Group
The American Institute for Contemporary German Studies at Johns Hopkins University in the U.S. awarded Herbert Hainer, chief executive of Adidas Group, with the Global Leadership Award a few days ago. The German executive was hailed for using sports to “bring the world together,” and credited his executive team with ...
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Blacks in disarray after Sports Direct’s walkout
Blacks Leisure appeared to be in disarray this week after Sports Direct International (SDI), the leading British sports retailer and wholesaler, said that it would not issue a bid to acquire the debt-ridden owner of the Blacks and Millets outdoor stores. Blacks put itself up for sale earlier this month ...
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SDI lifts half-year sales and underlying profits
Aided by several acquisitions and store openings, Sports Direct International (SDI) managed to lift its sales by 8.4 percent to £888.6 million (€1,062m-$1,387m) for the half year until Oct. 23, in spite of the tight economic situation in the U.K. and some of its other markets.The company's British retail sales ...
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German Intersport struggles against weather conditions
Most likely, the German Intersport organization will not repeat its record results of last year, mainly because it has been suffering from negative weather conditions most of the year. Snowfalls stopped abruptly from one day to the next in early January, spring was too warm and the autumn has been ...
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Intersport’s Swiss branch takes lessons from a very special year
Intersport PSC Holding, the Swiss licensee of the banner in the country, suffered remarkable declines in sales for its last fiscal year, ended Sept. 30. Revenues were down by 6.1 percent reaching 252.7 million Swiss francs (€207.4m-$270.5m). Gross profit was up by 35.6 percent to CHF 15.4 million (€12.6m-$16.5m), while ...
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Intersport Austria is an exception in the European landscape
Estimates for Intersport's performance in the entire European sporting goods market this year will only be available around mid-January. Sources at Intersport International Corporation indicate that European retail sales were down overall in the first 10 months of this year, and that it will be really hard to match the ...
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Italian Everlast licensee buys stake in Dimensione Danza
Alessandro Bastagli, the businessman who holds the Everlast license for the Italian market, has reached an agreement to buy a 40 percent stake in Dimensione Danza, the Italian producer and retailer of dance equipment, and to help promote the brand in foreign markets.Under the agreement, Bastagli's company, A.Moda, will acquire ...
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Amer Sports rides off with Nikita
Amer Sports is moving further into the action sports market with the acquisition of Nikita, the Icelandic brand of boardsports and lifestyle apparel focusing on women. Amer Sports is already involved in action sports through Salomon snowboards and Bonfire apparel.The move fits with the Finnish sports group's strategy to invest ...
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Buoyant year sparks sell-off talk at Helly Hansen
Peter Sjølander, chief executive of Helly Hansen, said that the company was about to end another buoyant year, whose results might attract takeover bids as early as next year. However, the Norwegian company insisted that it was not starting an auction and that it would gladly continue to build up ...
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Li & Fung buys Hang Ten
Li & Fung, the large Hong Kong-based supply chain manager, is set to take over the Hang Ten Group, a major factor in the surf apparel market through its Hang Ten, H&T and Arnold Palmer brands. It has placed a conditional offer of 2.65 billion Hong Kong dollars (€260.9m-$340.5m) for ...
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Quiksilver triumphs over tough economic conditions
The Quiksilver group ended its fiscal year with a buoyant last quarter, as its sales increased by 10.1 percent to $545.2 million for the three months until the end of October, amounting to a rise of 6 percent in constant currencies. The company's managers hailed the quarterly performance as robust, ...
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Billabong shares take a battering after profit warning
Billabong International's shares took a nosedive on the Australian stock exchange this week, after the boardsports company warned that its comparable sales would decline for the six months until the end of December, and that its Ebitda would shrink by up to 26 percent for the period. Billabong shares lost ...
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Karstadt’s owner still has a chance to buy Kaufhof
Eckard Cordes, the departing chief executive of the Metro Group, told a German newspaper, Frankfurter Allgemeine Zeitung, that the race for the acquisition of Kaufhof is still open. There are bids on the table from Nicolas Berggruen, the owner of Karstadt, the other major department store chain in Germany, and ...
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Ispo events focus on Brazil, marketing
Ispo Munich wants to make it clear that it not only serves as a good platform for companies and brands to show off their latest styles and innovations in the exhibition halls, but allows members of the sporting goods industry to keep up with the market through its conferences. The ...
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Blaming imports, Vulcabras posts a loss
The Brazilian footwear company, which owns the Olympikus brand of athletic shoes and apparel and has a management contract for the Reebok brand in Brazil and Argentina, has reported major sales declines and a net loss for the third quarter, ended last Sept. 30, blaming in part “aggressive” imports of ...
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Alpargatas beats higher rubber prices
The parent company of Havaianas, Dupé, Topper, Rainha and other brands improved its net income by 7.6 percent to 87.5 million reais (€34.9m-$46.3m) in the third quarter ended Sept. 30 in spite of a 28 percent increase in the cost of rubber. In releasing Alpargatas' results for the period, the ...
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Blacks Leisure Group is for sale again
Blacks Leisure Group, the struggling British outdoor retailer trading under the Blacks Camping and Millets banners. announced today that it has received an expression of interest from Sports Direct International (SDI), the controversial leader in the broader sporting goods sector, in the possible acquisition of the company or parts of ...
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Bridgepoint pays a premium for Wiggle
Offering more than other equity funds, Bridgepoint Capital closed a deal last week to acquire a majority stake in Wiggle, the biggest online retailer in the U.K. specializing in road cycling, swimming and running gear for triathletes and other frequent and serious sports participants. The deal values the company at ...
