Latest Headlines – Page 242
-
Article
Tacchini grows while targeting new markets
Sergio Tacchini has enlisted a new apparel licensee for Germany, Austria and Switzerland, Tennis-Point, a specialized German online retailer that also has a physical store in Münster. It is a partner of DTB, the German tennis association. Four years ago, Tennis-Point won the Shop Usability Award in the sports category, ...
-
Article
Unrest at PSG around former chairman
Speculation abounded in the last few days around the intentions of W. Graeme Roustan, the former chairman of Bauer Performance Sports, which became the Performance Sports Group (PSG) in June 2014. Roustan was reported to have hired bankers to explore taking PSG private. However, the company said last Friday that ...
-
Article
Royal Robbins’ owner targets more acquisitions, names CEO
More and more companies are announcing their intention to participate in the inevitable, further consolidation of the outdoor sector. Joining the likes of Vista Outdoor, Samsonite, Wolverine Worldwide and others, an American investment company based in New York, Bruckmann, Rosser, Sherill & Co. (BRS), shared its interest in further acquisitions ...
-
Article
Adidas leads research project on recyclable football products
The Adidas Group is leading a three-year research project, Sport Infinity, to make sporting goods that can be repeatedly recycled, without any chemical adhesives or waste. Using an inexaustible super-material, they could be entirely broken down and remolded into new performance products. The project focuses on plastic-based football products, starting with ...
-
Article
Fesi applauds WHO action on physical activity
The Federation of the European Sporting Goods Industry (Fesi) has publicly welcomed the physical activity strategy adopted earlier this month by the World Health Organization (WHO) for the European region from 2016 to 2025, which aims to tackle health issues through increased physical activity.The 53 member states of the WHO ...
-
Article
WFSGI Forum goes Beyond Lean Manufacturing
The line-up of speakers for the upcoming Manufacturers' Forum, organized by the World Federation of the Sporting Goods Industry (WFSGI), again promises to deliver sharp insights into many aspects of sporting goods production, from lean and circular manufacturing to human-centered production and much more.The event is scheduled on Dec. 2-3 ...
-
Article
Strong progress at JD so far this year
Reporting on a record first half for the 26 weeks ended on Aug. 1, JD Sports Fashion announced that its pre-tax profit reached £44,708,000 (€61.3m-$69.3m), 88 percent above the level of the year-ago period before extraordinary items. Operating earnings before special items went up by 80 percent to £47,578,000 (€65.2m-$73.7m), ...
-
Article
JD expands strongly overseas
JD Sports Fashion is entering the Swedish market in November with a JD store in the new Mall of Scandinavia near Stockholm, measuring 480 square meters. According to Sportfack, the list of sports-related retail tenants in the new shopping center includes names such as Stadium, Intersport, Nike, Adidas, Oakley, Bjorn ...
-
Article
Sports Direct re-elects Mike Ashley, despite protests
Union representatives and some minority shareholders, led by Royal London Asset Management, protested against the re-election of Keith Hellawell as chairman of Sports Direct International and Mike Ashley as non-executive deputy chairman ahead of the company's annual meeting on Sept. 9. They continued to attack the company's use of zero-hours ...
-
Article
Intersport enters Ukraine
Ukraine has become the 45th country in which Intersport will be represented, following a license agreement signed with Epicentr K, a retail group with annual sales of close to €2 billion that operates 65 large-scale hypermarkets and do-it-yourself markets in the country. It is the clear market leader in the ...
-
Article
Sport 2000 enters Sweden and Finland
Sport 2000 International is covering all the Nordic countries now that Team Sportia of Sweden and SGN Sportia of Finland have both decided to join the international buying group. SGN Sportia had acquired a controlling stake in the Swedish buying group at the end of last year.Both Sportia and Team ...
-
Article
Oaktree stands to get control of Quiksilver
A federal bankruptcy court judge in Delaware has granted preliminary approval of a request made by Quiksilver on Sept. 9 to place its ten U.S. subsidiaries under Chapter 11 protection. It also approved in principle a “plan sponsorship agreement” (PSA) that would allow Oaktree Capital Management, holder of 73 percent ...
-
Article
Quiksilver's losses decline, except in the Americas
A few days after the scheduled publication of its financial results for the third quarter, Quiksilver filed a 10K statement with the U.S. Securities & Exchange Commission showing a substantial reduction in its losses. At $101,509,000, the operating loss for the period, ended July 21, was half the $202,680,000 loss ...
-
Article
Globe turns positive, but North America is still in the red
Europe was the fastest-growing region for Globe International in the financial year ended June 30. On a currency-neutral basis, sales grew in the region by 46 percent, led by skate, footwear and apparel products under the Globe brand. They rose by 33 percent in Australia and by 14 percent in ...
-
Article
Major management changes at Asics
Asics has announced that Emilio Risques, who has been running Asics Iberia since 2006, is also in charge of the Southwest European region since May. In addition to Spain and Portugal, which became part of Asics Iberia in 2012, he will also oversee France.The long-time French country manager of Asics, ...
-
Article
Under Armour eyes international sales of $1.5 billion
In a meeting with investors, Under Armour outlined a new strategic development plan that calls for higher growth rates than previously projected, following its recent successes in footwear and in international markets. The company is now budgeting average compound annual growth (CAGR) of 25 percent through 2018, up from its ...
-
Article
Lululemon continues to expand internationally
Lululemon Athletica has just opened its first store in Germany and its first showroom in France. In Germany, the 325-square-meter store is located on the Poststrasse of Hamburg, behind the historical facade of a former post office. It carries garments for men and women. In France, it has opened its ...
-
Article
Peak Performance reaches an Ebit margin of 11.2%
Peak Performance raised its sales by 4.1 percent on a currency-neutral basis during the financial year ended June 30, driven by higher sales at its own stores. Not including factory outlets, same-store sales went up by 13 percent at the brand's physical stores and through e-commerce, especially in the second ...
-
Article
New sports marketing initiatives by Adidas
Adidas is said to be prepared to pay about one billion euros to renew its sponsorship of the German Football Federation for ten years, after the contract expires at the end of 2018. Company officials decline to comment, but the figure seems to be high, although the national German football ...
-
Article
New action in Brussels
There was a lot of action in Brussels last Thursday, in connection with the first European Week of Sport and the inauguration of a new House of Sport accommodating the Federation of the European sporting goods industry (Fesi) and other sports-related associations under the same roof. They will be able ...
