All Sporting Goods Intelligence articles in Volume 28, Issue 36-37
View all stories from this issue.
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Article
Olympikus’ parent returns to the stock market
After a spectacular reorganization and recovery over the past few years, Vulcabras Azaleia is going public again, pricing the 68,420,000 shares offered at 9.50 reais each in order to raise net proceeds of R$550 million (€143.8m-$168.8m). The total proceeds may increase by R$71.8 million (€18.8m-$22.0m) if an ...
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Article
Oberalp pulls out of the Ispo show
Repeating what it had done at the OutDoor show in Friedrichshafen last June, the Italian Oberalp group has confirmed its decision to stop exhibiting the ranges of its Salewa and Dynafit brands at the Ispo Munich show, investing instead in a big international sales meeting. Like Amer Sports , which ...
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Article
Netshoes shows improvement
The world's biggest pure e-commerce player in the sporting goods sector remained in the red in the third quarter and the first nine months of this year. It reported net losses of 30.3 million Brazilian reais (€7.9m-$9.3m) for the latest quarter and of R$120.6 million (€31.4m-$37.0m) for the ...
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News briefs
Table tennis, ice hockey and other smaller sports will be...
Table tennis, ice hockey and other smaller sports will be a focus of BaSpo, a new German balls sports exhibition for the trade and the general public due to be held for the first time in the Westfalenhallen in Dortmund in 2018. Providing a greater stage for sports that are ...
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Article
Grupo SBF prepares IPO
Centauro, the largest sporting goods retailer in Latin America, could get extra funds for its expansion as its owner, Grupo SBF, has requested authorization from the Brazilian securities regulator for an initial public offering (IPO). Centauro is a multi-sport retailer with 187 stores, plus a very active web store. Based ...
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Article
Nautilus lowers full-year outlook, shares tumble
Nautilus' revenues gained 9 percent to $278.4 million in the third quarter. The Retail segment saw sales grow by 15.8 percent to $53.5 million , reflecting strong seasonal sell-in with key traditional and e-commerce partners, partially offset by weakness in specialty and commercial customers. The gross margin in this segment ...
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Article
SGN Group forms the second-largest Swedish retail group
SGN Group of Finland has acquired the second half of the shares it didn't own in Sportringen , a Swedish buying group. The company's management is to be integrated with Team Sportia , another buying group that was already owned by SGN Group, to form a Swedish sports retail ...
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News briefs
Eight people were indicted by a New York grand jury...
Eight people were indicted by a New York grand jury earlier this month in connection with the scandal that erupted around U.S. college basketball. They include Jim Gatto, an Adidas executive who was in charge of sports marketing for basketball, along with four assistant basketball coaches, an agent, an Adidas ...
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Short stops
Icepeak will dress the Finnish team at next February's Winter...
Icepeak will dress the Finnish team at next February's Winter Olympic Games in South Korea
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Article
A weak quarter for Dorel Sports
Dorel Sports posted a disappointing quarter, with revenues for the three months ended Sept. 30 tumbling by 18 percent from the year-ago quarter to $45.2 million. Organic revenues fell by 19 percent when ignoring currency fluctuations. The company blamed this performance on the continued weakness in the global bicycle ...
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Short stops
Schoeller Textil has won the Swiss Design Prize for its...
Schoeller Textil has won the Swiss Design Prize for its heated E-soft-shell fabric technology
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News briefs
Le Coq Sportif is well on its way to deliver...
Le Coq Sportif is well on its way to deliver a double-digit rate increase in sales for the second half and the company is anticipating operating profit for both the second half and the full year. Airesis, the Swiss holding company that owns the majority of Le Coq Sportif's shares, ...
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Article
Foot Locker copes with the digitalization of the retail sector
Foot Locker is taking strong action to resolve the problems that led it to report poor figures earlier this year, especially in the rapidly changing U.S. market. Investors rewarded the retailer by raising its stock market price by more than 28 percent after hearing about its new plans ...
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News briefs
Decathlon has opened its first store in Tunisia and contracted...
Decathlon has opened its first store in Tunisia and contracted a local logistics provider, Tanger Med, to handle its shipments to the growing number of stores it has in Africa. Covering more than 1,500 square meters in the Tunis City shopping mall, the store is reportedly set to be followed ...
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News briefs
Puma has finalized a contract to be the official supplier...
Puma has finalized a contract to be the official supplier of the jerseys for the AC Milan team for five years, starting with the 2018/19 season, replacing Adidas ahead of schedule after a partnership of 20 years. Reportedly, the Leaping Cat will be paying an annual sponsorship fee of €12 ...
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Article
Zalando posts a loss as sales rocket, investments continue
Zalando recorded a net loss of €11.1 million for the third quarter, compared with net income of €5 million for the year-ago quarter. The adjusted operating profit (Ebit) before non-operating one-time effects fell to €400,000 from €19.5 million.The company had warned last month that it might post a loss in ...
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Article
Intersport rolls out its new “multi-specialty” store concept
Intersport's strategy to reposition itself from a multi-category retailer to a more modern “multi-specialty” retailer is rapidly taking shape, as more than a dozen Intersport stores in Europe and China have adopted the international buying and franchising group's upgraded store concept, while its international integrated online platform has gone live ...
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News briefs
Roeckl is coming out of voluntary insolvency proceedings, which started...
Roeckl is coming out of voluntary insolvency proceedings, which started last May. Annette Roeckl, chief executive of the German producer of sports gloves and other accessories, says her family injected new equity into the company, allowing it to remain its property. This came after a reorganization of the business that ...
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Short stops
Leki has informed its German clients that it will place...
Leki has informed its German clients that it will place its customer service at their disposal on all the five Saturdays of December and on Saturday Jan. 13 and Jan. 20
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Short stops
Lewis Hamilton, the world champion in Formula One racing, will...
Lewis Hamilton, the world champion in Formula One racing, will be the face of Puma's new 24/7 campaign for men's training
