All Sporting Goods Intelligence articles in Volume 23, Issue 46-47 – Page 4
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Article
Reebok drags down Adidas' figures
The persistent decline in sales at Reebok remains a drag for the Adidas Group. The American brand's sales shrank by another 25.3 percent in constant currencies for the third quarter, which spoiled part of the 10 percent sales jump achieved by the Adidas brand. However, the entire group still recorded ...
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News briefs
The Nuremberg District Court has decided in favor of Adidas...
The Nuremberg District Court has decided in favor of Adidas in a case of alleged patent infringement filed by Nike earlier this year. Without any opportunity for Adidas to state its case, the court had granted a temporary injunction in August ordering Adidas to quit making and selling its Primeknit ...
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Article
Blue Tomato adds three stores in Germany
The Austrian click-and-mortar action sports retailer already operates five physical stores in its home country, supplementing its international business over the internet. Last week, Blue Tomato moved across the border into Germany, placing its banner over the three existing Goodstuff stores in Munich and Rosenheim.It bought them from their owner, ...
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Article
PVH acquires Speedo’s U.S. licensee
PVH Corporation, the big American company that bought Izod in 1995, Calvin Klein in 2003 and Tommy Hilfiger in 2010, has now agreed to buy another big American clothing company, the Warnaco Group. Interestingly given the previous article in this issue, Izod was the former licensee of Lacoste in the ...
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News briefs
According to Reuters, Nike is in final negotiations to sell...
According to Reuters, Nike is in final negotiations to sell Cole Haan to Apax Partners for about $500 million, beating out the bids made by other equity firms. Jack Boys, former chief executive of Converse, would run Cole Haan to trigger a new phase of growth. According to other sources, ...
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News briefs
Zéfal, the French producer of bike pumps and accessories, is...
Zéfal, the French producer of bike pumps and accessories, is partnering with Unior, the Slovenian brand of hand tools, to sell Unior bicycle tools on the French market. Zéfal will supply independent bike dealers with Unior products directly, eliminating the need for a wholesaler. Unior makes more than 200 kinds ...
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Short stops
Denying rumors about its possible sale of the French company,...
Denying rumors about its possible sale of the French company, an executive of Tecnifibre indicates that it plans to announce some major new product initiatives before the next Ispo fair
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News briefs
Intersport Finland booked an increase in revenues of 8.9 percent...
Intersport Finland booked an increase in revenues of 8.9 percent to €46 million for the third quarter ended Sept. 30. Its parent company, Kesko, said that its newly acquired Intersport Russia operation had a poor level of profitability on revenues of €6 million during the same period. While Finnish Intersport ...
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Article
Asics Europe registers an 8.4% sales increase
Asics Europe delivered an overall currency-neutral increase in net sales of 8.4 percent between January and June 2012 compared with the same period last year, in spite of challenging economic conditions in the region. Growth was mainly driven by the running apparel category and by footwear for “core performance sports.” ...
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News briefs
A 29-year-old manager, Daniel Hermann, will help Andreas Rudolf to...
A 29-year-old manager, Daniel Hermann, will help Andreas Rudolf to run the German Sport 2000 organization from next Jan. 1. Acting as joint managing director, he will take the position formerly occupied by Rolf Gross, who left last February. Michael Decker, an executive of the sister company ANWR Schuh, has ...
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Short stops
Dainese will inaugurate a new D-Store of 240 m² in...
Dainese will inaugurate a new D-Store of 240 m² in Strasbourg, France, near the Meinau stadium
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Article
Mizuno’s net income drops by 23.7% in first half
Mizuno recorded revenues of ¥81.3 billion (€804.3m-$1,023m) in the six months ended Sept. 30, up by 4.2 percent from the same period of the previous fiscal year. Operating profit was down by 31.6 percent to ¥3.0 billion (€29.7m-$37.7m), due to an increase in selling, general and administrative expenses attributable to ...
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News briefs
Under Armour raised its total revenues by 23.6 percent to...
Under Armour raised its total revenues by 23.6 percent to $575.2 million in the third quarter. Its revenues outside the U.S. declined by 2.3 percent and remained relatively marginal at $32.1 million, but they grew by 18 percent including the sale of shoes to the company's Japanese licensee, Dome. Licensing ...
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News briefs
Our previous report (SGI Europe, Vol. 23, No. 44+45) on...
Our previous report (SGI Europe, Vol. 23, No. 44+45) on rumors that Rory McIlroy, the pro golfer, was going to sign a sponsorship deal with Nike has been realized. With the deal for £156 million (€195.1m-$248.0m), McIlroy becomes the second-highest-paid British athlete after David Beckham. McIlroy, from Northern Ireland, will ...
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News briefs
K-Swiss reported a big 16 percent drop in revenues to...
K-Swiss reported a big 16 percent drop in revenues to $67.7 million for the third quarter, as compared to one year ago, as a 4 percent increase in the lifestyle segment was offset by a 47 percent drop in the performance sector. However, forward orders were down by only 8.6 ...
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Article
Asics’ quarterly net income rises by 13.8%
In the first half of its current financial year, running from April 1 to Sept. 30, Asics Corporation saw its consolidated net sales increase by 2.2 percent to ¥126,601 million (€1,253m-$1,593m). Operating earnings advanced by only 0.9 percent to ¥10,967 million (€108.5m-$137.9m), despite a decrease in advertising expenses. Thanks to ...
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News briefs
Galeria Kaufhof reported sales of €2.1 billion for the first...
Galeria Kaufhof reported sales of €2.1 billion for the first nine months ended Sept 30, up slightly by 0.1 percent from the year-earlier period. In the third quarter alone, the revenues of the German department store chain, which also runs 13 Sportarena stores and a fistful of specialty outdoor shops, ...
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News briefs
Nautilus reported sales of $38.1 million in the third quarter,...
Nautilus reported sales of $38.1 million in the third quarter, an increase of 1.7 percent from the same quarter in 2011. The gross margin improved by 6.5 percentage points to 48.7 percent, primarily due to higher direct sales of high-margin products. Net income improved to $1.0 million, including a loss ...
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Short stops
Décathlon has more than 1 million fans on Facebook in...
Décathlon has more than 1 million fans on Facebook in Spain
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News briefs
Under Armour will open an 8,000-square-foot store in the Harbor...
Under Armour will open an 8,000-square-foot store in the Harbor East section of Baltimore next year, its first store in its hometown. The store will feature Under Armour's full line of apparel, accessories and footwear.
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