All Sporting Goods Intelligence articles in Volume 26, Issue 27-28 – Page 4
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News briefs
After announcing the sale of Camelbak to Vista Outdoor (see...
After announcing the sale of Camelbak to Vista Outdoor (see our previous issue), Compass Diversified Holdings (Codi) reported a net profit of $24,457,000 for the second quarter, more than four times the $5,719,000 profit of the year-ago period, on 6 percent higher revenues of $284.7 million. The main factor was ...
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Article
New Haglöfs chief outlines strategic adjustments
Haglöfs, the Swedish outdoor company, has adopted nine strategic initiatives to adjust the brand's proposition and improve its profitability in the coming years. The changes are led by Peter Fabrin, the company's chief executive since November.Among the broader strategic adjustments, Haglöfs will switch from a product-driven to a more consumer-focused ...
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Article
Adidas makes new waves in American team sports
Anxious to improve its low market share in the U.S., Adidas has signed two important basketball sponsorship deals, focusing on individual players, after walking off from a previous marketing contract with the NBA, which is going to be in the hands of Nike from the 2015/16 playing season.The German brand ...
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News briefs
Adidas has completed the purchase of a new warehouse outside...
Adidas has completed the purchase of a new warehouse outside Moscow at a price estimated by local sources at between $70 million and $100 million. Located in a warehousing complex where it has been renting more than 65,000 square meters of space since 2012, the new warehouse is nearly double ...
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News briefs
Adidas is testing different workplace concepts at its headquarters in...
Adidas is testing different workplace concepts at its headquarters in Herzogenaurach in a new office building named “Pitch,” where 300 of its brand management employees were moved at the beginning of the month. The new office space does not embody any finished concept but is the flexible beta version of ...
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News briefs
Adidas and Manchester United have declared that the launch of...
Adidas and Manchester United have declared that the launch of the team's new kit has been the most successful in both the club and the brand's history. The German sporting goods giant replaced Nike as the team's kit supplier on Aug. 1, after signing a ten-year, $1.28 billion partnership deal ...
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News briefs
Adidas has agreed a three-year partnership deal with the Chinese...
Adidas has agreed a three-year partnership deal with the Chinese education ministry to support the growth of football at grassroots level across the country. The program will involve 20,000 primary and middle schools and train 50,000 teachers. Adidas will also fund summer football camps for more than 400 students. The ...
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Article
Pelican weighs European partnerships and acquisitions
Pelican International is studying European expansion and the acquisition of complementary suppliers, as the appointment of a new president will enable the Canadian water sports equipment company to focus more strongly on strategic development. Marie-Christine Piedboeuf, currently vice-president of operations, is to become president from the beginning of September. She ...
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News briefs
After announcing the acquisition of Camelbak and Jimmy Sykes, which...
After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end ...
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News briefs
Fusalp, the French skiwear brand acquired by Philippe and Sophie...
Fusalp, the French skiwear brand acquired by Philippe and Sophie Lacoste 18 months ago, will open its first boutique next month at 8 rue des Blancs-Manteaux, in the Marais district of Paris. It will also have a space in three Seibu department stores in Japan, the NK department store in ...
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News briefs
Dalian Wanda Group Co. has agreed to acquire full ownership...
Dalian Wanda Group Co. has agreed to acquire full ownership of the World Triathlon Corporation (WTC), which owns the Ironman brand and races, for $650 million. The takeover is reportedly going to make Dalian Wanda the world's biggest operator in the sports business. It already organizes many sports events and ...
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Article
Black Diamond grows by 7% currency-neutral
The Black Diamond group's sales grew by 7 percent in local currencies during the second quarter of 2015, but the strength of the dollar and the breadth of the company's international coverage caused it to report an increase in dollars of only 2 percent to $35.1 million for the period, ...
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Article
Amer wants to grow by 6.5% a year
After building up its annual turnover from about €1.5 billion to €2.5 billion in the last five years, Amer Sports wants to raise it further to €3.5 billion in the next five years. The compound annual average growth rate would thus increase from 5 to 6.5 percent. The management wants ...
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Article
Yue Yuen grows by 7.4%, driven by retail
Total revenues grew by 7.4 percent to US$4,245 million at Yue Yuen Industrial Holdings in the first six months of this year, and they accelerated to a 7.6 percent pace in the second quarter. Operating earnings declined by 4.3 percent to $208.8 million in the six-month period across the group's ...
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Article
Higher sales and margins for 361°
Citing improved market conditions, 361 Degrees International reported a 22.3 percent increase in adjusted net income to 269.6 million yuan renmimbi (€36.8m-$42.0m), or a net profit margin of 12.2 percent on 5.7 percent higher sales of RMB2.2 billion (€300.4m-$342.8m) for the first half of 2015. The gross margin rose by ...
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Article
One Way will attack major brands in China via 361°
With the 2022 Winter Olympics in Beijing in mind, the joint venture set up by 361° with One Way Sport of Finland two years ago is going to give a lot of visibility to the Finnish brand, which is already a sponsor of next year's Olympic Games in Rio de ...
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News briefs
The renmimbi has lost about 3 percent of its value...
The renmimbi has lost about 3 percent of its value since the People's Bank of China announced a 1.9 percent devaluation against the strong U.S. dollar on Aug. 11, followed by the establishment of a more flexible system to guide the rate from one day to the next. The develuation, ...
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News briefs
The revenues of China Dongxiang rose by 28.4 percent to...
The revenues of China Dongxiang rose by 28.4 percent to 597 million yuan renmimbi (€82.9m-$93.4m) in the first half ended June 30, leading to a 202 percent jump in net income to RMB 290 million (€40.3m-$45.4m). A big boost came from a 46.4 percent sales increase to RMB 464 million ...
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News briefs
Patagonia's wool supplier, Ovis 21, is at the center of...
Patagonia's wool supplier, Ovis 21, is at the center of an investigation by Peta (People for the Ethical Treatment of Animals) after the release of a graphic video which shows sheep and lambs on two Argentine ranches being skinned while they are still alive. Ovis 21 is one of the ...
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News briefs
New Wave Group reported a 21 percent increase in consolidated...
New Wave Group reported a 21 percent increase in consolidated sales to 208 million Swedish kronor (€21.9m-$24.7m) for the second quarter, but 52 percent of the growth was attributed to currencies. The Sport & Leisure segment, which includes Craft, Cutter & Buck and the distribution of Speedo and Umbro in ...
