All Sporting Goods Intelligence articles in Volume 28, Issue 15-16 – Page 4
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Article
Good first quarter for Black Diamond
The new year started well for Black Diamond. Sales were up by 9 percent in dollars and local currencies for the first quarter, reaching a level of $41.6 million, with growth in each of the company's main product categories: climb, mountain and ski. Strong sales were recorded for carabiners, protection, ...
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Article
Better margins for the former Jarden
The integration of the former Jarden Corp., higher input costs and adverse foreign currencies negatively affected margins during the first quarter at Newell Brands, the company that came out of Rubbermaid's merger with Jarden.Offsetting the benefits of synergies and productivity gains, these factors caused a decline of 4.1 percentage points ...
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News briefs
The Fenix Outdoor group has a new shareholder, Bestseller United,...
The Fenix Outdoor group has a new shareholder, Bestseller United, a Danish fashion group that already has stakes in Zalando and Asos, among others. Bestseller United is the holding company for Bestseller, the company behind several fashion brands. They include Jack & Jones, Vero Moda and Vila along with J. ...
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News briefs
Helly Hansen has won a “Red Dot: Best of the...
Helly Hansen has won a “Red Dot: Best of the Best” award for product design of its Icon jacket. The international Red Dot design competition has existed since 1954. Its design prize is awarded each year by the Design Zentrum Nordrhein Westfalen in Essen, Germany. More than 5,500 submissions from ...
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Article
Belle’s sports retail business thrives
Belle International suffered a substantial decline in profit for the fiscal year to the end of February but this was chiefly due to sharp declines in sales and margins for its footwear business, while its sports business was on the rise.The group's sales moved up by 2.2 percent to 41.7 ...
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Article
Private equity firms offer to take Belle International private
Belle International, the Chinese retailer operating more than 20,700 sports and footwear stores, has received a privatization offer worth about $6.8 billion from a consortium led by two private equity firms, Hillhouse Capital Group and CDH Investments, and two of the group's executive directors.Belle is a most influential retail partner ...
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Short stops
VF Corp.'s sale of Majestic to Fanatics has been completed...
VF Corp.'s sale of Majestic to Fanatics has been completed
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News briefs
Richard Tooby has been designated as the new chairman of...
Richard Tooby has been designated as the new chairman of Polygiene, the Swedish developer of odor control solutions for garments. Tooby, who comes from the chemicals industry, has been an independent director of the board since October 2015. He will take the place of Lennart Holm, who became chairman at ...
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Michael Kraushaar has been named interim managing director for the...
Michael Kraushaar has been named interim managing director for the Winora Group in Germany following the resignation of Susanne Puello in March
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Article
Crocs' shares soar as quarterly results beat forecasts
Crocs' stock price rose by 17 percent after it announced better-than-expected sales for the first quarter of the year. Revenues were down by 4.0 percent from the year-ago quarter to $267.9 million, or by 4.4 percent on a constant-currency basis. Wall Street expected revenues of $258 million. The decline came ...
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Article
Garmin’s profits beat forecasts
Garmin posted earnings for the first quarter that topped analysts' forecasts, rising by 7.0 percent to $99 million. The revenues of this supplier of tracking and GPS navigation devices inched up by 2.0 percent to $639 million, driven by the outdoor, marine and aviation segments, but offset this time by ...
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Article
More hires at BD
We have already reported in our last issue about several new executives and officials who have joined the company. John Walbrecht, the new president of Black Diamond Equipment, has continued to recruit new managers, as part of a plan “to invest in the people necessary to support our global platform” ...
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News briefs
Marco Boglione, chairman of BasicNet, is taking over the minority...
Marco Boglione, chairman of BasicNet, is taking over the minority stakes of his brothers Enrico and Francesco in Basic World, the family holding company which owns 36.65 percent of BasicNet's shares. Both Enrico and Francesco, who are involved in other sectors, own 4.7 percent of Basic World. They will be ...
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News briefs
Sônia Bogner, wife of Willy Bogner, passed away on May...
Sônia Bogner, wife of Willy Bogner, passed away on May 3 at the age of 66, after a long illness. Willy Bogner was married to Sônia for 44 years. Sônia, who was born in Rio de Janeiro, started to work for Bogner as a model in 1972, and she married ...
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Short stops
Millet will be the sponsor of the Austrian Olympic Committee...
Millet will be the sponsor of the Austrian Olympic Committee at the 2018 Winter Games in South Korea, and the link will continue through the 2020 Winter Youth Olympics in Lausanne
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News briefs
The Federation of Sports and Play Associations, which represents the...
The Federation of Sports and Play Associations, which represents the U.K. sporting goods industry, has adopted a new and more modern logo and is launching a new website to connect better with its members. The new and more user-friendly website is intended among other things to communicate better the benefits ...
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Article
Asics declines in its largest markets
Underlying sales declines for the Asics brand in Europe, the Americas and Japan led to a sales decline of 4 percent to 113,052 million Japanese yen (€913.3m-$1,018.6m) for the group in the first quarter, but Asics is anticipating a recovery in the second half to end the year with a sales ...
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News briefs
Asics is asking for the dismissal of a patent infringement...
Asics is asking for the dismissal of a patent infringement suit by Adidas, filed in March, with regard to its Fitnesskeeper and Runkeeper apps. Asics is arguing that 10 of the patents at issue are invalid because they “fail to recite patent-eligible subject matter” and “do not contain an inventive ...
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News briefs
Dan Holmgren, former buyer at Sportigan, has been appointed as...
Dan Holmgren, former buyer at Sportigan, has been appointed as director of Sportsbranchen, the Danish association for sporting goods suppliers and retailers. He takes over from Preben Boas, who retired earlier this year but has set up a consultancy, Sport & More, to advise companies interested in the Danish sports ...
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Short stops
José Antonio Galán Matamoros has been appointed as the head...
José Antonio Galán Matamoros has been appointed as the head of sales for Lotto Sport Italia's Spanish subsidiary, replacing José Maria Munill who had been with the brand for 15 years
