All Sporting Goods Intelligence articles in Volume 26, Issue 25-26 – Page 4
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Adidas is looking for a successor for Jan Brecht, who...
Adidas is looking for a successor for Jan Brecht, who became chief information officer and head of its global supply chain last November, is returning to Daimler in the role of chief information officer. Brecht had already worked for Daimler for 12 years. He joined Adidas as CIO in 2009, ...
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Adidas filed a suit against Sears in the U.S. District...
Adidas filed a suit against Sears in the U.S. District Court of Portland, Oregon on July 28, charging that the two- and four-striped shoes offered by the retailer have been infringing on the Big a's Three-Stripe logo. The lawsuit seeks injunctions, compensation and damages for alleged trademark infringement and dilution, ...
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VF posts higher revenues in Outdoor & Action Sports
VF Corp. saw consolidated revenues increase by 4.7 percent in the second quarter, or by 10 percent on a currency-neutral basis, reaching €2,513.9 million. The growth was especially driven by its Outdoor & Action Sports coalition, whose sales jumped by 16 percent on a currency-neutral basis, with double-digit increases for ...
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Amer Sports has announced the acquisition of the main assets...
Amer Sports has announced the acquisition of the main assets of Queenax, a provider of modular, functional fitness training machines based near Teramo, in central Italy. Queenax will be integrated into Precor as a component of Amer's fitness division. The inclusion of functional training, one of the fastest growing segments ...
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Accell Group scores double-digit growth in both sales and net profit
Accell Group reported sales of €573.8 million in the first half of the year, up by 13 percent over the same period in 2014. Growth was largely driven by higher sales of electric bicycles, which now represent 34 percent of its turnover, and sports bicycles in the higher segment of ...
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Descente gets control of Inov-8
In pursuit of its new, previously announced globalization strategy, the Japanese company announced the acquisition of an 80 percent stake in the U.K.-based Inov-8 group, for an undisclosed amount. Descente has already been the distributor of the fast-growing brand of off-road running shoes and accessories in Japan, Korea, Hong Kong ...
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News briefs
Globeride's net income rose by 8 percent to 878 million...
Globeride's net income rose by 8 percent to 878 million yen (€6.4m-$7.1m) as its sales went up by 4 percent to ¥20.19 billion (€148.2m-$162.6m). The fishing tackle specialist, previously called Daiwa Seiko, sees the Japanese economy recovering slowly.
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News briefs
Athletic footwear sales went up by 8 percent in the...
Athletic footwear sales went up by 8 percent in the U.S. during the first half of 2015, according to NPD, with average selling prices rising by 7 percent. Sales of men's and women's shoes both increased by 8 percent, while children's shoe continued their fast pace with growth of 11 ...
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News briefs
Another Japanese firm, Dunlop Sports, had an implied 62 percent...
Another Japanese firm, Dunlop Sports, had an implied 62 percent increase in net income to 437 million yen (€3.2m-$3.5m) for its second quarter, ended June 30, on 21 percent higher sales of ¥20.83 billion (€152.9m-$167.7m). The company benefited from better weather conditions than during the snowy spring of 2014, but ...
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News briefs
Intersport France is investing an additional €6 million in Manufacture...
Intersport France is investing an additional €6 million in Manufacture Française du Cycle, its own bike factory at Machecoul, in western France. Intersport took over the plant from Cycleurope in 2013 and since then it has invested more than €10 million in the facility, according to Usine Nouvelle, a French ...
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News briefs
Brunswick Corp. reported a 6 percent sales increase for the...
Brunswick Corp. reported a 6 percent sales increase for the second quarter, with revenues reaching $1,142.0 million. The sales increase was by 11 percent on a currency-neutral basis. Reported net earnings of $107.6 million compared with net earnings of $87.1 million in the second quarter of 2014. Sales in the ...
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News briefs
AGV has launched a dedicated website for its K-5 helmet,...
AGV has launched a dedicated website for its K-5 helmet, the most recent addition by the Italian company to its series of high-performance helmets. Among other things the K-5 helmet features the IVS ventilation system and is set up for the Share communication system. Additional information on the helmet, including ...
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Luxottica axes 400 jobs at Foothill Ranch
Luxottica is dismissing 400 employees at Oakley's headquarters at Foothill Ranch, California, as part of its plans to integrate the brand. From Oct. 1, the North American structure of the brand, including information technology, administration, sales and order management will be transferred to Luxottica, mainly to the wholesale unit in ...
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News briefs
Yonex has reported a 4 percent drop in net income...
Yonex has reported a 4 percent drop in net income to 246 million yen (€1.8m-$2.0m) on flat revenues of ¥11.67 billion (€85.7m-$94.0m) for the first quarter of its financial year ended on June 30. Sales were depressed by the termination of a contract with its Chinese agent and the transition ...
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Shimano grows by 26%, outperforming in cycling
Shimano recorded worldwide sales of 196.6 billion yen (€1,443.4m-$1,582.9m) in the first half of the year, representing an increase of 25.8 percent compared with last year's first half. Growth was helped by, among other things, the continued depreciation of the yen, which made Japanese products more affordable. The company had ...
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News briefs
Nautilus posted a 23 percent sales increase in the second...
Nautilus posted a 23 percent sales increase in the second quarter ended June 30. The strong growth, with sales reaching $59.7 million in the quarter, was driven by higher sales in both the direct and retail segments. The gross margins improved by 0.4 percent to 51.4 percent. Operating income from ...
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Adidas buys Runtastic for €220m
Based in Austria, Runtastic is said to be one of the three key digital app companies in the sports sector, with 70 million registered users around the world and 15 million active participants every month who use its 20-plus applications, offered in 18 different languages for a variety of endurance, ...
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News briefs
Beijing has won the bid to host the 2022 Winter...
Beijing has won the bid to host the 2022 Winter Olympic Games. It was not a big surprise, considering the Chinese government's determination to grow the country's involvement in sports and the fact that the Chinese capital will be able to use some of the facilities already built for the ...
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European consumers spent 4% more on sporting goods in 2014
The Western European sporting goods market recovered in 2014, rising by 3.8 percent in local currencies after declining by 0.9 percent in the previous year, based on our annual, exclusive analysis of the evolution of sports retailing in 15 major countries. In euros, consumption rose by 4.0 percent to €56.1 ...
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Russia and the weather affect Rapala in Q2
The situation in Russia and Ukraine continued to be very difficult for Rapala VMC in the second quarter ended June 30. Based on comparable exchange rates, the Finnish fishing tackle specialist's European sales outside the Nordic countries were off by 5 percent during the period, dragged down especially by lower ...
