All Sporting Goods Intelligence articles in Volume 24, Issue 19-20 – Page 2
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News briefs
Peak Performance, which went through wide-ranging management changes last year,...
Peak Performance, which went through wide-ranging management changes last year, saw its sales drop by 6 percent to 267.5 million Danish kroner (€35.9m-$46.3m) for the three months until the end of March. This is the third quarter in the fiscal year of IC Companys, the Danish company that owns the ...
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Article
Décathlon interests make a run at a U.S. chain
Olivier Leclercq, whose family owns 42 percent of Oxylane, parent company of Décathlon, has apparently made an unspecified personal investment in Sport Chalet, sending its stockmarket value up by 31 percent last Friday. Insiders control 68 percent of the shares in this big American sporting goods retail chain, which has ...
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News briefs
Dynafit is establishing a research and development center in Åre,...
Dynafit is establishing a research and development center in Åre, Sweden called the Dynafit Development Centre Åre. Dynafit will share offices in the Alpine National Arena with Åre's National Winter Sports Center, which provides access to cutting-edge research opportunities and the possibility to test products right on the slopes. Fredrik ...
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News briefs
Lenzing, a major supplier of rayon and other cellulosic fabrics...
Lenzing, a major supplier of rayon and other cellulosic fabrics to the sportswear sector, suffered a 6.0 percent decline in total sales to €496.5 million in the first quarter although sales volumes for its fibers were 13 percent higher than a year ago. The Austrian company generated nevertheless a better-than-expected ...
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News briefs
Retail News is reporting that Lululemon, the fast-growing Canadian yoga...
Retail News is reporting that Lululemon, the fast-growing Canadian yoga and sports apparel brand, is preparing to move into the Dutch market. The specialized Dutch newspaper was told by Jessica Edwards, international community manager at Lululemon, that the company intended to open its first store in Amsterdam before the end ...
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Article
Foot Locker is set to buy Runners Point
Here is one more transatlantic acquisition in the footwear and sporting goods retail sectors after the recent takeover of the British Schuh retail chain by Genesco, Kurt Geiger of the U.K. by the Jones Group and Blue Tomato of Austria by Zumiez – and in the reverse, of The Athlete's ...
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News briefs
Brunswick Corp., parent company of Life Fitness, plans to sell...
Brunswick Corp., parent company of Life Fitness, plans to sell $150 million worth of senior notes, due in 2021, in a private placement with qualified institutional buyers. The net proceeds of the offering and cash on hand would be used to finance the redemption of all of the company's senior ...
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News briefs
The U.K. Trade and Investment department (UKTI) of the British...
The U.K. Trade and Investment department (UKTI) of the British government has decided to almost double the amount of funding available to British trade associations for the participation of U.K. exporters in international trade shows during the 2013/14 and 2014/15 financial years. Acting through the Federation of Sports and Play ...
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Article
Head will redeem its bonds, despite a poor quarter
Head NV and its HTM Sport subsidiary will no longer be financed with bonds, but rather with bank financing. The two companies announced last May 6 their intention to redeem all their remaining senior notes on June 5. They would normally mature in 2014. The transaction is expected to cost ...
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Short stops
Billabong has developed a limited edition of surfwear together with...
Billabong has developed a limited edition of surfwear together with Pukas Surf, the well-known Spanish distributor and retailer of surf products, for sale in selected stores from this month on
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News briefs
Forum Sport, a big Spanish sporting goods retail chain with...
Forum Sport, a big Spanish sporting goods retail chain with a strong position in the Basque region, has decided to join Sports Trade Marketing International (STMI) as a member of Twinner International. STMI is the European purchasing group created last year by the French-based Groupe Go Sport and Hervis Sport, ...
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Article
Dorel’s bicycle segment declines
Dorel Industries reported first-quarter revenues of $203.5 million in its Recreational/Leisure division, down by 8 percent, ignoring varying exchange rates, after 13 consecutive quarters of growth. The division's gross profit fell by 12 percent to $51.3 million. Dorel's Recreational/Leisure segment includes cycling brands such as Cannondale, GT, Schwinn, Mongoose, Iron Horse, Pacific, ...
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News briefs
Nautilus benefited from improved consumer credit conditions in the U.S....
Nautilus benefited from improved consumer credit conditions in the U.S. in the first quarter, as its consumer-direct operations recorded a 26 percent hike in sales to $42.4 million and a 122 percent jump in operating income to $6.7 million, thanks also to strong demand for its cardio products, led by ...
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News briefs
Rob Barker has been promoted to the position of president...
Rob Barker has been promoted to the position of president of Amer Sports' Fitness business, with effect from June 1. As a member of the group's executive board, he will directly report to the president and chief executive, Heikki Takala. Barker will take the place of Paul Byrne, who will ...
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Article
Norwegian consumers ignore sports banners
A survey conducted by Sportsbransjen, the Norwegian sporting goods industry association, has shown that the name of the retail store means relatively little to consumers in Norway. The survey asked 1,000 Norwegians about their attitudes toward the sporting goods chains. The results showed that the majority of consumers did not ...
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News briefs
Three banks have been reported, in the last few days,...
Three banks have been reported, in the last few days, as shareholders with more than 5 percent of the Adidas Group, a threshold that requires publication under German stock market rules. Two of the holdings were reported by the company as having risen above 5 percent on Monday: Commerzbank increased ...
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News briefs
The Norwegian Design Council has given an Award for Design...
The Norwegian Design Council has given an Award for Design Excellence to Helly Hansen for its innovative H²Flow mid-layer jacket, whose ventilation system keeps body temperature constant. The system, which is about to be patented, will be used in other parts of Helly Hansen's collection for the next autumn/winter season.
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Short stops
Basicnet continues to upgrade the image of K-Way by associating...
Basicnet continues to upgrade the image of K-Way by associating it with Versus, the young fashion label of Versace, for the launch of a co-branded unisex jacket next July
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Article
Asics grabs market share in Europe
Asics estimates that it enlarged its share again in the European footwear market last year, as its turnover in the Europe, Middle East and Africa region jumped by 9 percent to about €600 million. The increase excludes changes in currency exchange rates as well as Haglöfs, the Swedish outdoor brand ...
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News briefs
Arena has decided to introduce a new generation of Powerski...
Arena has decided to introduce a new generation of Powerski Carbon-Pro swimsuits following a request last February by Fina, the international authority for water sports, to comply with its regulations for racing models used in its competitions. The Italian company says it launched a new series of quality control checks ...
