Latest Headlines – Page 424
-
Article
Sports Direct Revises Guidance After Good Numbers
Sports Direct had a promising first quarter, with revenues growing by 10 percent to £375 million (€426.8m-$619.7m) and net profit increasing by 4.7 percent to £157 million (€178.7m-$259.5m) for the period ended July 26. As a result, it has raised its full-year guidance, now forecasting earnings before interest, ...
-
Article
The Real Estate Crisis Prevents Sport Zone From Entering Turkey
The sporting goods market situation continues to be pretty bad in Portugal. Sport Zone, the country’s biggest sporting goods retail chain, is trying to fight back. It is also going ahead with the opening of new stores at home and abroad, but this program is being hampered by another serious ...
-
Article
Declining Results For El Corte Ingles
El Corte Inglés, which still is the second-largest sporting goods retailer in Spain, has reported a 47 percent drop in the group’s net profit to €382 million for the financial year ended last February, due in part to more aggressive pricing strategies and to record investments. The operating profit before ...
-
Article
Diadora May Reach A Deal With Creditors Next Wednesday
Diadora’s liquidators are expected to reach a settlement with the company’s creditors about their claims on the company’s debt of more than €70 million during a court hearing in Treviso on Sept. 16. Most of the banks and other creditors have already informally approved the deal, which would open the ...
-
Article
Quik Made A Little Profit In The Quarter But It Won’T Last
Turnover at Quiksilver fell by 11.2 percent to $501.4 million in the third quarter ended July 31; this was a 5 percent decrease at constant currencies. Operating income (Ebit) fell to $22.6 millon from $52.7 million in the same period a year ago. Income from continuing operations plunged by 88.8 ...
-
Article
Amer Plans New Share Issue, May Sell Mavic
Amer Sports Corporation is undertaking a share offering to raise about €150 million through an underwritten discounted issue of new ordinary shares with pre-emptive rights for existing shareholders. The proceeds will be used to strengthen the business and improve flexibility. Shareholders will vote on the offering at a ...
-
Article
Helly Hansen Has Big Plans
Helly Hansen plans to speed up the growth of its network of corporate stores. It previously expected to add 10-15 doors net in the next four to five years, but that timeline has been pushed up to the next two to three years. Last year, the stores directly owned by ...
-
Article
Peak Sport Goes Public In An Expanding Chinese Market
The sportswear market in China is expected to grow by 18 percent per year until it reaches 149.1 billion yuan (€15.1bn-$21.9bn) in 2013. This estimate, formulated by ZOU Marketing of Shanghai, was included in a report by Credit Suisse Group on Peak Sport Products, a Chinese sportswear maker and distributor ...
-
Article
Asics Asks, Why Do You Run?
Asics has published a survey of 3,500 runners in seven countries in Europe and has found that 54 percent run to stay fit. Forty percent do it to lose weight, 34 percent run for fun and 35 percent use it to relieve stress. The survey, conducted by the ...
-
Article
Eurobike Grows
The good news is that many of the 1,028 exhibitors at Eurobike found it to be very busy. The bad news is that others did not, as many visitors did not use the new east entrance at Friedrichshafen, and thus did not pass by many booths in that area. Overall, ...
-
Article
Adidas And Puma Stress Their Sustainability Endeavours
Puma has just released a 121-page sustainability report, its fifth, outlining what it is doing as part of PumaVision, a program that combines its corporate social responsibility activities and initiatives. The latest report covers the period 2007-08. In it, Puma explains PumaVision and describes its responses to the challenges ...
-
Article
Ispo China Exhibitors Get More Help In The Market
After 17 percent growth in visitors for the 2009 edition of Ispo China, the organizers are planning to keep it the largest sporting goods trade show in Asia. In China alone, sporting good retailing grew by 50 percent just in 2008, according to Messe München, hoping for an increased turnout ...
-
Article
American Firms Get New Help In Europe
The U.S. Sporting Goods Manufacturers Association has launched its European Help Desk, a program designed to help its members be more competitive in the European market. It will answer questions about licensing, cross-cultural marketing, distribution, subsidiary relationship and EU regulations. Based in Munich, the new service is anchored ...
-
Article
Some Brandnew Awards Are Worth More Than Face Value
Ispo’s BrandNew Awards have established their own Twitter feed, where interested parties can follow the latest developments and innovations in sports. The profile name to follow is ispo_BrandNew. A couple of winners of the prestigious awards have capitalized on the honor. Bergmönch, which won YKK Hardware Summer Award at ...
-
Article
The European Sports Goods Market Was Flat In Local Currencies In 2008
This two-page chart is the same as the one published in the Aug. 28 edition of SGI Europe, but it carries new estimates for the retail sales of two Italian retailers and a Swiss one. It also introduces a significant new element of appreciation: consumption per capita. The European average ...
-
Article
Little Hope For Karstadt’S Parent Company
Klaus Hubert Görg, the interim receiver of the insolvent Arcandor group, which is the parent company of Karstadt and Quelle among others, sees little hope of finding an investor for the entire group. He is now concentrating on the new organization of each part of the group affected by the ...
-
Article
Runners Point’S Sales Are Up; Goes Into Franchising
Runners Point, the German specialty chain for running and other footwear, reports strong total sales for the first half of 2009. Sales were up by 18.5 percent to €64 million. On a comparable basis, sales increased by 6.2 percent. Currently, the company, which was in the Karstadt realm until the ...
-
Article
Foot Locker Breaks Even In Quarter But Europe Is Ok
Foot Locker had break-even net income compared with last year’s $18 million in the second quarter ended Aug. 1. Total sales fell by 15.6 percent to $1,099 million, but would have been off by only 11.8 percent excluding the effect of currency. Comparable store sales declined by 12.1 percent in ...
-
Article
Usg Gains Market Share In The Netherlands
United Sports Group (USG), the leading sports retailer and wholesaler in the Netherlands, again widened its market share in the hard-hit Dutch market last year. It reached retail sales of nearly €243 million in the country with its own stores, up by 1.5 percent, but this was entirely due to ...
-
Article
Head Exchanges Bonds, Improves Margins
Total revenues at Head N.V. increased by 1.9 percent to €57.3 million for the second quarter ended June 30. It would have been a drop of 1.8 percent on a currency-neutral basis, but the company managed to trim its losses as compared to the same period a year ago. ...
