All Sporting Goods Intelligence articles in Volume 27, Issue 29-30
View all stories from this issue.
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Article
New management structure at Vista
Vista Outdoor has announced a new segmentation of its recently enlarged brand portfolio, appointing new managers to run its different operations . Kelly Grindle , who remains as president of Outdoor Products, will oversee three new market areas: Outdoor Recreation, Sport Protection and Hunting Shooting Accessories. ...
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Short stops
Moncler has opened its second store in Macau
Moncler has opened its second store in Macau
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Article
Xtep invests in performance and technology
Measures by Xtep to increase its focus on performance sports products have scaled down the Chinese brand's sportswear business but raised its footwear sales and margins in the first half of this year. The shift was paired with increased investments in running products and marketing . Xtep sponsored 12 major ...
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News briefs
Hi-Tec is launching an innovative shoe that indicates to...
Hi-Tec is launching an innovative shoe that indicates to the wearer where to turn left or right. The new Hi-Tec Navigator features a vibrating insole with haptic technology which communicates via a smartphone navigation app through Bluetooth. After entering a destination in the smartphone via this app, the shoe guides ...
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Article
Globe posts higher sales and profits
In contrast with other major players in the tough action sports market, Globe International posted a 27.5 percent increase in consolidated net earnings to 4.74 million Australian dollars (€3.20m-$3.61m) on 9.6 percent higher revenues of A$150.3 million (€101.5m-$114.3m) for the financial year through June 30. Trading under the Globe , ...
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Article
The U.S. saves Fila
Fila Korea reported consolidated net income of 16.0 billion Korean won (€12.9m-$14.5m) for the second quarter, compared with a loss of KRW 31.7 billion in the year-ago period. Operating earnings declined by 1.6 percent to KRW 24.8 million (€19,994-$22,524) , but total revenues rose by 4.2 percent to KRW ...
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Article
Lululemon grows less than expected
Lululemon Athletica posted another quarter of strong growth driven by international expansion, although the results fell short of analysts estimates. Total revenues rose by 13.6 percent to $514.5 million during the three months to July 31, 2016, or by 14.7 percent in constant currencies. Same-store sales went up ...
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News briefs
A member of the European Parliament, Hannu Takkula, presented the...
A member of the European Parliament, Hannu Takkula, presented the key elements of a parliamentary report on the “Integrated approach to Sport Policy: Good Governance, accessibility, integrity” at a meeting organized at the House of Sport in Brussels on Aug. 29. The Federation of the European Sporting Goods Industry, Fesi, ...
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News briefs
The Federation of the European Sporting Goods Industry (Fesi) is...
The Federation of the European Sporting Goods Industry (Fesi) is taking part in a conference to be held in Brussels on Monday, Sept. 12, as part of the second European Week of Sport (EWOS). The conference is organized by the House of Sport, which was created around the first EWOS ...
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Article
JD expands rapidly in Europe
JD Sports stores are opening up rapidly in several European markets, capitalizing on scale and soaring sneaker sales. JD Sports already had 103 stores in continental Europe in January but it has been expanding briskly in Germany and Spain, among others , and the JD Sports Fashion group is also ...
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Article
Under the spotlight, SDI predicts lower earnings
Sports Direct International (SDI) managers and directors were under intense pressure at the British sports retailer's packed annual general meeting (AGM) of shareholders in Shirebrook this week, despite a raft of last-minute reforms announced by the group and its majority shareholder, Mike Ashley, regarding working conditions and corporate governance. At ...
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Article
Fitbit opens European office in Dublin
Fitbit is opening an office in Dublin that will serve as its beachhead for its expansion throughout the Europe, Middle East and Africa (EMEA) region. It will be run by Des Power, a former top manager of Philips and Harman International, who will oversee a staff of around 50 people ...
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Article
Peak Performance grows, driven by retail
Peak Performance saw a further deterioration in operating results for the three months of the fourth quarter to June 30, despite growing revenues, while the brand continued to invest in new stores and completed the clean-up of the wholesale channel and reducing discounts to a maximum of 40 percent. It ...
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Article
Germany is still a drag on Foot Locker
Despite tapering traffic in some European stores, Foot Locker performed strongly in its second fiscal quarter, ended July 30, with net income increasing by 7 percent to $127 million on a 5.0 percent sales rise to $1,780 million. The retailer's comparable store sales moved up by 4.7 percent and its ...
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News briefs
A delegation of the Federation of the European Sporting Goods...
A delegation of the Federation of the European Sporting Goods Industry (Fesi) met with Gian-Franco Kasper, the president of the International Ski Federation (FIS), in Brussels on Sept. 6, and agreed on extending the Memorandum of Understanding for World Snow Day, the annual snow festival for children and their families, ...
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News briefs
Members of the European Platform for Sport Innovation (EPSI) decided...
Members of the European Platform for Sport Innovation (EPSI) decided at their general assembly on Aug. 31 to adopt the Research & Innovation Agenda (SRIA) as a roadmap for its activities in the five-year period until 2021. The networking organization strives for a more innovation-friendly environment, in order to stimulate ...
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News briefs
David Sharp has handed in his resignation as president and...
David Sharp has handed in his resignation as president and chief executive of Rocky Brands as well as a director of the American company, where he has served in various management roles since 2000. Mike Brooks, chairman, will take over his functions on an interim basis until his successor is ...
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Short stops
Marco Dippe is the new German country manager of Lacoste,...
Marco Dippe is the new German country manager of Lacoste, responsible also for the other German-speaking countries and Scandinavia, taking the place of Sanjiv Singh who left in May
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News briefs
El Corte Inglés, a group that is one of the...
El Corte Inglés, a group that is one of the major retailers for sporting goods in Spain through its department stores, has reported a 34 percent increase in net profits to €158 million for the financial year ended last Feb. 29. Revenues went up by 4.3 percent to €15.2 billion. ...
