Winter, outdoor sales dampen Amer’s results
Amer Sports’ sales fell by 5 percent in the fourth quarter to €556.9 million due to a 10 percent decline to €375.0 million in the winter and outdoor business. The main negative factors were a shift in deliveries from the fourth to the third quarter and a slow start to the winter season due to...
ISPO AWARDS go to four outstanding products as overall winners
In a ceremony at ISPO last evening, Messe München announced the overall winners of this year’s ISPO AWARDs. In the action sports category, the prize went to NOW Snowboarding for its innovative binding system I.P.O. The overall winner in the outdoor category is Cable Vario, the via ferrata set by Edelrid. In the outdoor segment, Edelrid’s...
Focus on Brazil at ISPO
More than 100 people attended Forum Brasil at the ISPO fair this morning. SGI Europe laid out some key facts and figures about the Brazilian sporting goods market, collected with the support of ISPO. In summary, they show that the market is growing by between 5 and 10 percent a year overall, and even more strongly...
New general counsel for Nike
Lindsay Stewart, vice president of Nike for corporate affairs, is going into retirement. Hilary Krane, who left Levi Strauss &Co. in 2010 to join Nike, is taking his place as the top legal affairs executive in the company. She is the first woman to have joined Nike’s executive board. Krane is also taking his place...
Wolverine had a mixed quarter
Wolverine’s sales of outdoor products rose by 4.5 percent to $141.1 million in the fourth quarter, slightly underperforming the rest of the group, whose total revenues rose by 5.6 percent during the period to $406.5 million thanks to a 13.4 percent rise in lifestyle goods. The group’s gross margin narrowed by 0.2 percentage points to...
TNF expands direct-to-consumer business in Europe
This morning at ISPO, Arne Arens, The North Face’s sales director for the EMEA region, announced that the brand plans to expand its retail network in the region during this year. While TNF wants to add seven doors to its present 25 corporate stores, there will also be a major increase in the number of franchised stores: Currently, 47 stores...
Good results for Helly Hansen
Helly Hansen, the Norwegian outdoor and sailing brand, continues to enjoy the benefits of the strategic overhaul it launched four years ago, with a sales increase of 17 percent to just under 1.6 billion Norwegian crowns (NOK) for 2011. Its comparable Ebitda, excluding the survival unit divested early last year, jumped by about 50 percent to...
Salewa acquires Wild Country
One year ago, Salewa Oberalp announced the acquisition of Pomoca, the Swiss manufacturer of mountaineering skins, which is now completely integrated into the group. At a press conference at ISPO this morning, the Italian family-owned company announced its acquisition of Wild Country, a British producer of high-safety harnesses and other climbing gear. Salewa had approached...
Head coordinates sales in Central Europe
Rainer Schramm, who has been the managing director of Head Germany since May 2000, has been promoted to the position of vice president of the group, reporting directly to Johan Eliasch, chief executive of the group, with additional responsibilities. From March 2012, Schramm will take on the position of European sales coordinator, handling relations with...
Dutch buying groups merge
Euretco and Intres, the Dutch buying groups that handle the Sport 2000 and Intersport banners in the Netherlands, respectively, said they have come to an agreement for their intended merger. As reported in SGI Europe, talks started last year for a tie-up that would form a mighty partnership in the tight Dutch sports market, competing...
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