Latest Headlines – Page 383
-
Article
3i invests in Go Outdoors
3i, the international private equity group, has acquired an unspecified minority stake in Go Outdoors, the large-scale U.K. outdoor retailer, by buying existing shares as well as newly-issued equity. It invested £28 million (€31.5m-$46.3m) in Go Outdoors, which will be used for the retailer's planned expansion from 30 to about ...
-
Article
Stadium sees more growth ahead
Stadium, which is still the leading sports retail chain in Sweden, predicted continued growth in its recently released annual report for the financial year ended last August, in spite of the entry of new foreign competitors, such as XXL Sports from Norway, into its domestic market.The retailer's sales continued to ...
-
Article
Sport retail is booming in Norway
The Norwegian sports industry experienced continued strong growth in 2010, as more and more Norwegians identified with a sportive lifestyle. The sport sector grew more than all other retail sectors each of the past five years, taking market shares from both the textile and shoe sectors.According to the country's sporting ...
-
Article
Amer benefits from a strong 21% sales increase in the quarter
Replicating the pattern of the last quarters, footwear and apparel marketed by Salomon and Arc'teryx fueled the quarterly sales increase of their owner, the Amer Sports group. Hiking and trail-running products pushed up the group's footwear sales, particularly in Europe, while all its apparel ranges performed well. Furthermore, pre-orders for ...
-
Article
Puma sets €3 billion sales target for 2011
Announcing its strongest ever quarterly sales, Puma boasted that the implementation of its strategic five-year plan was beginning to pay off. Outlined last October, Puma's Back on the Attack plan calls for the company's turnover to reach €4 billion by 2015, but after the performance in latest quarter, the company ...
-
Article
Adidas cuts off food retailers
The Adidas Group is going ahead with adjustments in its distribution by halting supplies to European retailers who may sell Adidas products alongside food – in other words supermarkets and hypermarkets. This came to light when Adidas confirmed that it would quit supplying Real, the German discount chain owned by ...
-
Article
Basicnet in license deal with Russia’s Sportmaster
Basicnet has signed an exclusive five-year license agreement with Sportmaster for the distribution of Kappa and Robe di Kappa products in Russia. The Moscow-based company is the largest sporting goods retailer in Russia, and it also has a strong presence in Ukraine, Belarus and Kazakhstan. It operates a total of ...
-
Article
VF’s outdoor/action sport sales up 16%
The Outdoor and Action Sports Coalition of VF Corporation increased first quarter sales by 16 percent to $788.2 million, with revenues in the Americas rising by 12 percent and international turnover up by 21 percent.The North Face and Vans, the division's two largest brands, achieved global revenue growth of 17 ...
-
Article
Columbia Sportswear triples net profit
Columbia Sportswear's net income increased by 38 percent to $12.8 million in the first quarter, while sales rose by 11 percent to $333.1 million. As of March 31, the wholesale backlog for the autumn collection was a record $860.8 million, 19 percent higher than a year earlier. The increase in ...
-
Article
Lafuma’s outdoor business grows again
Lafuma Group increased sales by 0.8 percent to €122.3 million in the first half ending in March. The period was marked by a return to growth for the greater outdoor business, represented by the Lafuma brand, and for the group's international operations. However, the surf business, represented by Oxbow, was ...
-
Article
Callaway is hit by Asia-Pacific natural disasters
Callaway Golf registered a 6 percent drop in first-quarter sales to $286 million following the earthquake in Japan, the floods in Australia and a delayed opening of the golf season in South Korea due to foul weather. Sales in the U.S. suffered a 4 percent decline but were offset by ...
-
Article
Murray will head up Deckers in Europe
Stephen Murray, a seasoned American executive who has headed up Vans in Europe in the past, will become Deckers Outdoor Corporation's new president for Europe, the Middle East and Africa as of June 1, taking care of the subsidiary and distributor businesses in the region for all the brands of ...
-
Article
Head claims market share increases
Head has quit informing analysts about the winter and racquet sports markets in regular conference calls, but its annual report, released a few days ago, provides some insights into the categories covered by the company.The company estimated that the alpine ski market rose to about 3.2 million pairs of alpine ...
-
Article
Wolverine’s posts a 16.1% increase
Wolverine World Wide increased its guidance for the present financial year after booking a record first quarter, driven by its outdoor and heritage business units. The U.S. footwear and apparel company now sees 2011 sales rising by 10.5-13.7 percent to $1.380-1.420 billion and fully diluted earnings per share (EPS) up ...
-
Article
Accell’s sales rise on demand for electric and sports bikes
Accell Group, Europe's largest bicycle maker, said sales were higher in the opening months of 2011 compared with last year thanks to early summer temperatures. The Dutch company's sales were supported by growing demand for sports and electric bicycles, which compensated further decline for traditional bikes, and acquisitions.The use of bicycles for ...
-
Article
Accell buys into Derby
Derby Cycle increases its sales guidance for the full year ending on Sept. 30 to at least €220 million from a previous forecast of at least €200 million. This compares with a turnover of €173.2 million the previous year. The German bicycle manufacturer, which went public in February, maintained its ...
-
Article
Shimano cuts profit guidance after quake
Shimano maintained its 2011 sales guidance unchanged at ¥220 billion (€1.8bn-$2.7bn) despite the 8.9-magnitude earthquake that hit the country on March 11 and the subsequent nuclear disaster. However, it cut its forecast for net income to ¥20 billion (€166.2m-$244.0m) from ¥22 billion, while estimates for operating and ordinary income were ...
-
Article
K-swiss Is Struggling Overall, But Doing Well Outside The Usa
The company’s sales in the USA dropped by 21 percent to $81.7 million in the 3rd quarter, ended Sept. 30, but outside the country they jumped by 55 percent to $51.4 million. Total revenues were off by 2.6 percent to $133.1 million and net income slid by 0.5 percent to ...
-
Article
Npd Shows Average Prices Going Up In A Downward European Market
The consumption of sports footwear and clothing declined in the five major Western European markets in 2007, with low positive figures only France and Spain, according to NPD Group’s quarterly surveys. However, after many years of decline, fostered in part by the deflationary effect of the weakening dollar on merchandise ...
-
Article
Intersport’s global sales go up by 9%
Intersport International Corporation proudly announced today the big feat: Its affiliated retailers around the world broke the magic barrier of €10 billion in sales for the first time last year, raising their revenues after sales taxes by 9 percent to €10.1 billion and consolidating Intersport's position as the world's largest ...
