All Sporting Goods Intelligence articles in Volume 28, Issue 26-27
View all stories from this issue.
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Article
Sport Zone’s parent improves results
The Sonae Group raised its total turnover by 8.0 percent to €2,603 million in the first half, fueled by a 10.0 percent increase in the second quarter. The Portuguese group's underlying Ebitda went up by 9.2 percent to €116 million during the six-month period, leading to an Ebitda margin of ...
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Article
New Wave keeps growing
The New Wave Group, the Swedish company behind Craft, posted a 12th consecutive quarter of growth, with sales for the three months ended June 30, 2017 jumping by 9 percent to 1,372 million Swedish kronor (€143.8m-$169.1m), or by 5 percent excluding currency fluctuations. Operating profit rose by 10.0 percent over ...
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Article
Good growth for Peak Performance
Peak Performance raised its revenues by 11.9 percent in constant currencies during the fourth quarter of IC Group's financial year, ended June 30, leading to growth of 10.0 percent on a reported basis to 121 million Danish kroner (€16.3m-$19.4m) for the period. The brand generated an operating loss in the ...
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News briefs
Shoe retailers in Germany will get a selection of products...
Shoe retailers in Germany will get a selection of products for their stores from Nike if they belong to ANWR or Sabu Schuh Marketing, the two major voluntary groups in the sector, starting from the spring/summer 2018 season. Nike will issue a single bill to each of the ...
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Short stops
Intersport Germany is launching a small line of swimwear for...
Intersport Germany is launching a small line of swimwear for women and children named after Franziska van Almsick, a former German swimming champion, as part of Intersport's private label Tecnopro collection
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Short stops
Skechers is sponsoring Tony Romo, a former quarterback of the...
Skechers is sponsoring Tony Romo, a former quarterback of the Dallas Cowboys, to support its line of men's shoes
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Article
Lululemon’s results top expectations
Lululemon Athletica continues on its upward trend, bouncing back from a difficult 2016, with results for the three months to July 30 largely exceeding analysts expectations. Due to the reorganization of its Ivyva business, net earnings declined by 9.1 percent to $48.7 million, still exceeding the level ...
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Article
Phenix starts a European office in Switzerland
Phenix, the Japanese skiwear brand taken over by the China Dongxiang Group in 2008, has set up a European office in the Rolle Business Center between Lausanne and Geneva, with a goal of tripling its sales in Europe in the next five years by providing marketing support to existing and ...
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News briefs
ISM Search, the European U.K.-based executive recruitment and head-hunting service...
ISM Search, the European U.K.-based executive recruitment and head-hunting service specializing in the sporting goods sector, recently conducted a survey among its candidates in the industry to find out the relevant factors in the successful hiring and retention of key talents. According to ISM, it is the first survey of ...
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News briefs
Sebastian Janus has left Foot Locker Europe to undertake voluntary...
Sebastian Janus has left Foot Locker Europe to undertake voluntary work in Asia and South America. The 32-year-old chief financial officer of the company's European e-commerce business finished the job at the end of August. Janus joined Foot Locker's management team in 2013, after establishing Tredex, a specialist in e-commerce, ...
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News briefs
Netshoes, which remains the largest pure e-commerce player in the...
Netshoes, which remains the largest pure e-commerce player in the Brazilian market and in Latin America, booked a 15 percent increase in net sales to 461.3 million Brazilian reais (€123.7m-$146.7m) in the second quarter ended June 30, but the quarterly net loss grew to R$35.2 million (€9.4m-$11.2m) from R$33.6 million a year ...
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Article
Shoe production drops, sales rise at Yue Yuen
Despite a decline in production volume and average prices, Yue Yuen Industrial has raised its turnover by 3.9 percent to the equivalent of $4,448.2 million for first half of this year , supported by a slight increase in athletic shoe sales and the expansion of its Chinese retail business. ...
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Article
Olympikus drives Vulcabras’ improved results
Vulcabras, the Brazilian company that owns the Olympikus brand of sports shoes, continued to improve its results in the second quarter ended June 30, with a big jump in the net profit to 77.6 million reais (€20.7m-$24.7m) from R$2.3 million in the same period a year ago. The company's total ...
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News briefs
A major Norwegian sporting goods distributor, ScanTrade, has launched a...
A major Norwegian sporting goods distributor, ScanTrade, has launched a proprietary brand called Fibra, which is aimed at sports clubs in Norway and Sweden. Umbro has long been the cornerstone brand of ScanTrade, and it will remain this way. However, with the launch of Fibra, ScanTrade will deal with more ...
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News briefs
Neil Venables, former senior director of field sales at the...
Neil Venables, former senior director of field sales at the Adidas Group in the U.K., is taking over from Tom Foley as general manager of Intersport UK, covering the U.K. and Ireland. The handover started in August to make sure Venables is fully operational ahead of Foley's departure on Sept. ...
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News briefs
T.J. McMeniman, who served most recently as global marketing director...
T.J. McMeniman, who served most recently as global marketing director at Bauer Hockey, has been appointed vice president of marketing at Costa, the American brand of sports sunglasses recently acquired by Essilor International. He will have global responsibilities, reporting to Holly Rush, chief executive of Costa. Before joining Bauer in ...
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Article
Xtep sees sales and earnings dip as it restructures
Xtep's sales were down for the six months to June 30, as the Chinese company restructured its business to focus more on functional products and profitable distribution, contributing to improving the gross margin. The company said it has streamlined the management of its operations in terms of product development, branding, ...
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Article
Mizuno returns to profits despite lower sales
Weak sales in Japan and unfavorable exchange rates caused Mizuno's revenues to decline by 5.1 percent to 45,900 million yen (€358.5bn-$420.9bn) in its first fiscal quarter, ended June 30. They decreased by ¥1.5 billion (€11.7m-$13.7m) due to the depreciation of several currencies against the yen. However, the Japan-based company managed ...
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News briefs
Fitbit finally presented its Ionic smartwatch, ready for delivery from...
Fitbit finally presented its Ionic smartwatch, ready for delivery from October and priced in the U.S. at $299.50, about $30 more than the original Series 1 Apple Watch, getting the company's battered share price to move up by 6.5 percent. The device is an improved version of Fitbit's PurePulse heart-rate ...
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Article
Decathlon is entering more new markets
As we had already reported at the beginning of this year (SGI Europe vol. 28 N° 5+6 of Feb. 22), after opening its first stores in Mexico, the Ivory Coast, Singapore, Slovenia and Malaysia in the course of 2016, Decathlon had planned to move this year into Austria and Switzerland, ...
