All Sporting Goods Intelligence articles in Volume 28, Issue 22-23 – Page 5
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Short stops
David Dinis has been made account manager for Kappa in...
David Dinis has been made account manager for Kappa in Portugal
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News briefs
Accell Group has announced the appointment of Ton Anbeek as...
Accell Group has announced the appointment of Ton Anbeek as its new chief executive officer and chairman of the board of directors, effective Nov. 1. Anbeek is currently the CEO of Beter Bed Holding. A pan-European group of companies operating in the area of beds and mattresses at wholeslae and ...
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Article
E-bikes boost Accell Group’s revenues
Accell Group's revenues inched up by 0.7 percent to €634 million in the six months to June 30, largely due to higher sales of electric bikes in Europe. Revenues increased by 3.0 percent over the year-ago period on an organic basis. However, net income was down by 22.0 percent to ...
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News briefs
Nike has signed a five-year endorsement deal with a 9-year-old...
Nike has signed a five-year endorsement deal with a 9-year-old child, Shane Kluivert, who has 134,000 Instagram followers. He is the son of Patrick Kluivert, the retired Dutch football player who was briefly a direct of football at the Paris Saint-Germain (PSG) team, also sponsored by Nike. Shane is also ...
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Moncler has opened a 500-square-meter store in the important Harbour...
Moncler has opened a 500-square-meter store in the important Harbour City shopping mall of Hong Kong
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Iconix has taken over the 50% stake it didn't own...
Iconix has taken over the 50% stake it didn't own in its Canadian subsidiary for $19 million
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News briefs
The consumption of new bicycles declined by 5 percent in...
The consumption of new bicycles declined by 5 percent in terms of units in Europe last year, according to Conebi, the European bicycle industry federation. They went down to 19.6 million units from 20.6 million units in 2015, falling by 6.9 percent in Germany, 13.7 percent in the U.K. and ...
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Arena has extended its 30-year-old endorsement contract with the German...
Arena has extended its 30-year-old endorsement contract with the German Swimming Federation (DSV) through 2020
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Arc'teryx has opened a 3,300-square-foot store in the La Brea...
Arc'teryx has opened a 3,300-square-foot store in the La Brea district of Los Angeles
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News briefs
The Sequential Brands Group saw its revenues rise by 23...
The Sequential Brands Group saw its revenues rise by 23 percent to $42 million in the second quarter. Adjusted Ebitda went up by 43 percent to $24.7 million. The net result was a net profit of $2.53 million against a loss of $62,000 in the same period a year ago, ...
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News briefs
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and...
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and other existing and new investors have participated in a new round of financing for the German multi-channel retailer. After a €15 million injection made last October, the new round has reportedly involved new equity worth about €13 million. The proceeds ...
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Article
Sport 2000 grows by 4.5%, eyes new markets
After its entry into the Middle East earlier this year, via Leader Sport, Sport 2000 International is planning to targeting the markets of Spain, Hungary, Greece and the Balkan states. It hopes to wind up master licensing agreements in at least some of these countries before the end of the ...
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Article
Rapha is reported to near a £200 million sale
Invus Group is reportedly the leading potential bidder for Rapha, the upmarket British cycling apparel brand, with a price tag estimated in the range of £200 million (€224.1m-$261.4m). Sky News has reported that the U.S. equity investment firm is the frontrunner on a shortlist of just two remaining parties interested ...
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Article
Margins under pressure at XXL in Q2
After a disappointing performance in the first quarter, XXL ASA posted stronger sales results in the second quarter, with revenues up by 8.0 percent over the year-ago quarter to 2,054 million Norwegian kroner (€220.4m-$256.8m), leading to a 5.2 percent increase for the first half of the year.The leading sporting goods ...
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News briefs
Monique Matheson, a woman who has spent 19 years at...
Monique Matheson, a woman who has spent 19 years at Nike in various roles, has been promoted to the position of executive vice president in charge of global human resources. Reporting directly to Mark Parker, chairman, president and chief executive of Nike, she is replacing David Ayre who will retire ...
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Article
Skechers’ sales rise by 17% but foreign costs keep profits down
Skechers USA's results for the second quarter topped expectations, due in part to strong double-digit growth in its business outside the U.S. Total revenues hit a new record of $1,030 million, which represents an increase of 16.9 percent over the second quarter of 2016. When it reported first-quarter results in ...
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News briefs
TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
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Short stops
Umbro is again, after 14 years, the official supplier of...
Umbro is again, after 14 years, the official supplier of the Santiago Futsal club
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News briefs
The Thule Group reported a 13.3 percent increase in sales...
The Thule Group reported a 13.3 percent increase in sales to 1,955 million Swedish kronor (€205.0m-$241.0m) for the second quarter ended June 30, up by 8.6 percent in local currencies. The operating margin reached 24.3 percent, improving by 1.2 percentage point on a currency-neutral basis. Net income went up to ...
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News briefs
Billabong International has decided to write off 11.7 million Australian...
Billabong International has decided to write off 11.7 million Australian dollars (€7.9m-$9.3m) from its accounts for the financial year ended this past June 30 in connection with the termination of its agreement with an omni-channel solution provider. In announcing its results for the first six months, the company had already ...
