Latest Headlines – Page 385
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Swiss Intersport launches Budget Sport
Budget Sport is the low-cost store concept of Intersport, offering the lowest possible prices on branded products and private-label items with a minimum of store personnel. Successfully launched four years ago and subsequently fine-tuned by Intersport's Finnish licensee, Kesko (see following story), it has now been adopted by its Swiss ...
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Budget Sport’s Finnish owner looks at Russia
Kesko, the large parent company of Intersport Finland and Budget Sport, says in its recently released annual report that it is investigating opportunities for expansion into Russia in the sporting goods sector as well as in other areas that it covers in Finland, such as food retailing and the sale ...
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German Intersport wants peace with former president
The heat was on shortly before the regular general assembly of Intersport Deutschland, held on March 21 at the buying group's headquarters in Heilbronn. Under the leadership of Kaufhaus Schwager, a store from a smaller town in Lower Saxony, more than 50 members of the cooperative called for an amendment ...
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Second round of CVAs goes through for JJB
The creditors and shareholders of JJB Sports have given their support to the Brfitish retailer's latest proposal for company voluntary arrangements, its second in two years. The CVAs, which got the required backing of more than 75 percent of the landlords concerned, 96 percent of the company's unsecured creditors as ...
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Foot Locker will invest more in Europe
Foot Locker saw its comparable store sales increase by mid-single digits in Europe in the 4th quarter ended last Jan. 19, generating an operating profit margin of just over 10 percent. European stores registered very strong increases in apparel, but there were also solid increases in men's and children's footwear. ...
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EU removes shoe anti-dumping duties
The European Commission has finally confirmed that its anti-dumping duties on leather shoes from China and Vietnam will not be renewed after March 31, posting a notice in its official journal on March 16. Without requesting an import registration or licensing scheme, the Commission also confirmed the establishment of a ...
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Somnio will not close down in Europe
A recent press release on Somnio, the U.S. specialty brand of footwear with adjustable mid-soles that won the Runner's World Ispo Award at the latest Ispo fair, confused not only the trade press, but Somnio, too. Sent out by its German PR agency, the press release said that the brand ...
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ON is running fast
This new Swiss-based brand of running shoes, which came out as the overall winner of the Ispo BrandNew Awards in February 2010, is going to be sold in 300 specialist a premium sporting goods stores in 16 countries this spring, and the number of doors is expected to rise to ...
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Karhu teams up with Rono
Karhu, the Finnish brand specializing in running shoes, has teamed up with Run and Style, the owner of the Rono brand of running apparel, to explore the German market. This is part of the European deployment of the brand, which was also introduced in the Netherlands and Italy in the ...
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Vulcabras plans share issue to invest in an Asian factory
After a small dip in 2009, Vulcabras, the big, fast-growing Brazilian shoe company that markets brands such as Azaleia, Olympikus and Reebok, is working on a possible public offering on the stock exchange to help finance the establishment of a factory in a yet-unnamed Asian country other than China. The ...
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Topper and Mizuno lift Alpargatas’ sales
In spite of Vulcabras' higher growth rate, Alpargatas remained the biggest shoe company in Brazil and in Latin America last year with gross revenues of 2,623.8 million reais (€1,127.0m-$1,581.4m), up by 15.8 percent from 2009. Net sales rose by 16.2 percent to R$ 2,239.1 million (€961.7m-$1,349.5m), driven by higher average ...
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Li Ning’s sales growth is driven by apparel
Li Ning Company booked a 13.0 percent increase in full-year revenues to RMB 9.48 billion (€1.0m-$1.4m) thanks to a 15.6 percent rise in apparel sales to RMB 4.54 billion (€490.3m-$692.1m). Sales growth of the key Li-Ning brand, which represents 92.1 percent of group revenues, was roughly in line with the ...
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China Dongxiang is lifted by Kappa shoes
China Dongxiang increased 2010 full-year sales by 7.3 percent to RMB 4.26 billion (€460.1m-$649.4m), underpinned by a 15.8 percent rise in Kappa footwear. Shoe sales were lifted by the introduction of new products, such as lightweight running shoes and casual footwear, and an increase in the retail network. The Kappa ...
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Anta raises prices
Anta's full-year revenues rose by 26.1 percent to RMB 7.41 billion (€800.2m-$1,129.6m) lifted by an increase in the average selling price of products and the expansion of its retail network. The company expects steady economic growth and rising wages to continue supporting growth for the sportswear industry. The Chinese company ...
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Belle boosts sales thanks to Nike, Adidas
The Chinese group Belle International raised 2010 full-year sportswear sales by 12.8 percent to RMB 9.06 billion (€978.5m-$1,381.1m) in a difficult business environment that favored premium brands. Revenues generated by the sale of Nike and Adidas products rose by 16.5 percent to RMB 7.80 billion (€842.4m-$1,189.0m), while sales of second-tier ...
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Xtep eyes new stores outside China
Xtep International reports a 25.7 percent increase in revenues to 4,457.2 million renmimbi (€481.4m-$679.5m) in 2010. The gross margin rose to 40.6 percent from 39.1 percent in the previous year, while the net profit margin remained at 18.3 percent, despite an increase of 39.4 percent in operating profit to 978.0 ...
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Yue Yuen’s sales rise sharply
Yue Yuen Industrial increased sales in the first quarter ended last Dec. 31 by 28.9 percent to $1.696 billion, and the rally continued in the sebsequent two months, with a cumulated increase of 18.8 percent.Net profit rose by 17.8 percent in the quarter to $141.7 million. Turnover from shoe manufacturing ...
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Nautilus’ quarterly sales are flat
Nautilus reported sales of $53.7 million in the fourth quarter, unchanged from a year earlier, while gross profits were hit by discounting on home gyms. Revenues were supported by a 104.3 percent increase in royalty income to $1.6 million, while sales through the direct channel dropped by 2.3 percent to ...
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Dorel’s bicycle sales grow strongly
Revenues at Dorel Industries' Recreational/Leisure division, which includes the Cannondale, Sugoi, Schwinn, GT, Mongoose, IronHorse and Instep brands, rose by 17.2 percent in the fourth quarter ended Dec. 30 to $205.9 million. At constant currency rates, organic sales rose by nearly 19 percent.Turnover was driven by mass market products, whose ...
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More aid flows to Japan
We already reported in the last issue on the statements made by Asics, Adidas, Nike, Shimano, Billabong and Icebreaker following the natural disasters that hit New Zealand on March 3 and the northern cost of Japan on March 11, triggering nuclear fall-out. Many other big players in the sporting goods ...
