All Sporting Goods Intelligence articles in Volume 25, Issue 34-35
View all stories from this issue.
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Article
Slow sports growth at Jarden
For the three months ended Sept. 30, Jarden Corp.'s Outdoor Solutions business posted sales of $679.1 million, up by just 1.2 percent from the third quarter of 2013, and the operating profit of the segment fell by 1 percent to $66.4 million. Among the drivers for the continued sales growth ...
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News briefs
Working through Hermes NexTec, a subsidiary of the Otto Group,...
Working through Hermes NexTec, a subsidiary of the Otto Group, Adidas has launched a webshop in 15 European countries at adidasspecialtysports.com, offering products specifically developed for specific sports such as badminton, cricket, cross-country skiing, cycling, handball, rugby, swimming, weightlifting and wrestling. The site contains links to Adidas national websites ...
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Article
Good results for Shimano
The depreciation of the yen boosted Shimano's exports and its overall sales and profit results for the nine months ended Sept. 30. Total revenues went up by 20.8 percent to 241 billion yen (€1.7bn-$2.1bn) during the period, with increases of 23.4 percent in bike components and 10.6 percent in fishing ...
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Article
...not so good for Rapala
In contrast with Shimano, Rapala VMC suffered a 5 percent drop in its turnover to €211.7 million in the first nine months of this year. The operating margin fell to 10.3 percent from 11.0 percent in the year-ago period, due in part to exchange rates and the last stage of ...
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Article
Polish market in good shape, researchers say
The Polish sporting goods market is expected to grow in the current year at a rate of 5.2 percent compared with 2013. This is one finding of a recent research project by PMR , a market research and consultancy company in Cracow. According to its report, it is expected to ...
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Article
Foreign momentum helps Wolverine to keep growing
Without changing its profit target for this year or the five-year forecast that it had outlined a year ago, the management of Wolverine Worldwide reduced its guidance for the group's turnover in 2014. Instead of growing by around 3 percent as previously forecast, it will more likely increase by ...
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News briefs
Flemming Kruse Henriksen has left Peak Performance, where he was...
Flemming Kruse Henriksen has left Peak Performance, where he was in charge of emerging markets, to take care of business development for products and marketing in the apparel division of LTP, an international sourcing company. His functions are being taken over by Martin Netinder, sales director for exports and Canada.
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Article
Intersport goes online in Finland
The Intersport operations run by the Kesko group in Finland and Russia reported lower revenues for the third quarter ended Sept. 30. They were down by 4.1 percent to €48 million in Finland and by 7.8 percent to €4 million in Russia. A higher drop of 19.3 percent to €72 ...
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Article
Fesi opens up to retailers
In a momentous move, the Federation of the European Sporting Goods Industry (Fesi) decided to admit retailers as members of the organization at its annual meeting in Amsterdam on Oct. 20-21 . Pointing out that the decision was taken after a lot of debate and planning, Luca Businaro, the ...
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Article
The Italian ski equipment market has improved
Pool Sci Italia, a consortium that represents ski equipment producers in Italy, has presented its sell-in results for the 2013/14 ski season, based on data supplied by both its member companies and collaboration with non-members. The survey, which has reached its 10th edition, covers the three categories of skis, bindings ...
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News briefs
Zhang Zhi Yong has resigned as a non-executive director of...
Zhang Zhi Yong has resigned as a non-executive director of Li Ning. The Chinese sports company said that the resignation became effective on Oct. 6 and had to do with his personal and other business commitments – rather than any disagreement with the board. Zhang was the chief executive at ...
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Short stops
Sport Partner reports that Mark van der Wal, managing director...
Sport Partner reports that Mark van der Wal, managing director at Gaastra International Sportswear, left the Dutch nautical and sports lifestyle company earlier this month over disagreements regarding its management strategy
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Article
Declining share prices for Zalando and Rocket Internet
We are still wondering whether a new “internet bubble” is emerging in the world of e-commerce, although the equity market in general has weakened. Zalando had a strong start on the Frankfurt Stock Exchange on Oct. 1, with a jump of up to 30 percent in early trading from ...
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News briefs
The upcoming edition of Performance Days, which will take place...
The upcoming edition of Performance Days, which will take place in Munich on Nov. 4-5 – to kick off the winter 2016/17 season and update summer 2016 - is completely sold out. According to the organizers, the number of exhibitors at the trade show has gone up from 108 last ...
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News briefs
Maurizio d'Angelo is reportedly leaving as general manager of Diadora,...
Maurizio d'Angelo is reportedly leaving as general manager of Diadora, after seven years in the post. Enrico Moretti Polegato, who has been acting as chairman of the company, is taking over his position. He is the son of Mario Moretti Polegato, chairman of Geox. Both companies are controlled by the ...
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News briefs
Releasing its first Sustainability and Responsibility Report, VF Corp. says...
Releasing its first Sustainability and Responsibility Report, VF Corp. says it will expand its CHEM-IQ program, intended to identify and eliminate, by 2015, harmful chemicals before they reach the manufacturing process. The report states that 10 percent of VF's sales are made with eco-friendly products and that 3 percent of ...
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Article
XXL continues to expand
Shares in XXL ASA opened at a price of 65.50 Norwegian kroner today, close to a high of NOK66.75 registered since the fast-growing Nordic sporting goods retailer began trading at a lower price of NOK58 on the Oslo Stock Exchange last Oct. 3. The initial trading in the shares had ...
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Article
Continued strong growth for Skechers
Skechers sales continued to grow briskly in the third quarter ended Sept. 30, rising by 30.7 percent to $674.3 million, leading to a 29.5 percent increase for the first nine months of the year . Order backlogs were up by more than 50 percent at the end of ...
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News briefs
Compressport has launched a new, lightweight style of underwear shorts...
Compressport has launched a new, lightweight style of underwear shorts that can be used for any sports, individual or team. The shorts are made of 100-percent natural fibers including cashmere, which has antibacterial properties that help prevent both odors and irritation. The shorts are available in four colors - black, ...
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News briefs
Chinese sporting goods suppliers were encouraged by a new national...
Chinese sporting goods suppliers were encouraged by a new national plan that aims to strongly stimulate the country's sports industry at large. The State Council was quoted as saying that it wanted to raise the value of the industry to 5 trillion yuan (€645bn-$820bn) by 2025. It would then reach about ...
