All XXL articles – Page 3
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Article
Better margins on flat sales for XXL
XXL ASA managed to generate positive operating earnings (Ebitda) of 207 million Norwegian kroner (€20.6m-$24.9m) on relatively flat revenues of NOK 2,166 million (€215,916-$260,212) in the first quarter of 2020, compared with an Ebitda loss of NOS 36 million (€3.6m-$4.3m) in the same period a year ago. The gross margin ...
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ArticleThe Norwegian market grew by over 7% in 2020
Norway has the highest per capita consumption for sporting goods in Europe, and it grew strongly last year – in spite or because of the coronavirus epidemic – in contrast with an overall sales decline estimated at around 10 percent in the five major European countries. One main reason was ...
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Infographics & DataEarnings - Q4 2020 Results XXL Group
This earnings briefing includes the highlights of the Q4 2020 Interim Report of XXL Group
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ArticleXXL posts sharply improved results
XXL ASA improved its performance in the fourth quarter of 2020, posting a growth in total revenues of 10.91 percent to 2,572 million Norwegian kroner (€250,203-$301,140). The progress was led by the domestic Norwegian market and helped by an increase of 57 percent in e-commerce, which came to represent 25 ...
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News briefs
New Norwegian country manager for XXL
Taking the place of Andre Sørensen, who is leaving the post for family reasons, Stine Trygg-Hauger will take over by June 1 as the new CEO of XXL in Norway, the sporting goods retail chain’s biggest market. Trygg Hauger, who is 38 years old, has been running the 90-store Norwegian ...
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News briefsSuperfeet introduces custom-insole system to Europe
The insole and footwear manufacturer Superfeet brought its Fitstation – which it describes as a “personaliszd” insole- and footwear-fitting system – to Europe in November. Already rolled out in the U.S., the system pairs elements from both the Swedish footwear-tech company Volumental and the American computer company HP. Volumental’s Engage ...
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AnalysisAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
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Infographics & DataRanking - The Largest Sporting Goods Retailers Worldwide
This exclusive chart shows the revenue development of the major global sporting goods retailers in 2019 vs 2018. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Article
XXL stays on recovery path
After many difficult quarters, XXL ASA bounced back in the second quarter, and the leading Nordic sports retailer confirmed this recovery continues in the third quarter. To turn the business around, the Norwegian company has been taking drastic steps such as cutting costs and clearing inventory. It posted double-digit growth ...
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AnalysisAnalysis: The 10 major European sports retailers online
The online retail business in the sporting goods sector has been growing stronger and stronger in recent years, find out which players are the real winners.
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Infographics & DataRanking - The largest e-commerce sports shops in Europe
This exclusive chart shows the largest e-commerce sports shops in Europe ranked by website visitors. Included are sporting goods retailer and e-tailer. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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ArticleXXL bounces back
It seems that there is light at the end of the tunnel for XXL ASA, after many quarters stuck in a downward spiral. To turn the business around, the leading Nordic sports retailer has been taking drastic steps such as cutting costs, clearing inventory and searching for new “sustainable” sources ...
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News briefsXXL expects a sales rebound of 25-30%
Mentioning a “strong” spring/summer season for sports retail in the Nordic markets following the Covid-19 situation, XXL ASA said it now expects an increase in its revenues of 25 to 30 percent for the second quarter ending on June 30, as compared to the year-ago period, which could generate an ...
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News briefs
Temporary layoffs stop at XXL in Norway and Finland
A recovery in the demand for sporting goods products in Norway and Finland has led XXL to cancel all the temporary layoffs that it had announced on March 23 due to a considerable sales decline caused by the Covid-19 situation. Sales normalized in April and have picked up recently especially ...
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News briefs
XXL has completed its equity increase
The Altor Fund has been confirmed as the largest investor in XXL ASA, owning 23.82 percent of the leading Nordic sporting goods retailer’s shares, as a result of an equity increase of 400 million Norwegian kroner (€36.5m-$39.7m), which ended on May 18. Together with an offshoot, Altor Invest, the Norwegian ...
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News briefs
XXL slims down its staff
XXL announced on May 5 that it has decided to initiate a process to reduce the workforce at its headquarters in Norway by around 25, about 20 percent of the employees. Formal procedures for potential dismissals are about to be launched in Sweden and Finland. The Nordic sporting goods retailer’s ...
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Article
Big clearances help XXL through the Covid-19 crisis
The coronavirus pandemic has not come at a good time for XXL, which has been struggling in the past few quarters. But a major clearance program launched in reaction to poor winter conditions boosted its revenues during the first quarter, while depressing its margins.
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ArticleHow the industry is reacting to the Coronavirus
(Updated on March 27, early morning time) We have been making use of our new SGI Europe and Outdoor Industry Compass websites to give you a constant flow of new information on what the industry is doing about the spreading Covid-19 pandemic in a dedicated “Corona Ticker.” We feel that ...
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