Latest Headlines – Page 253
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Fire at Vaude’s headquarters
A major fire broke out at Vaude's headquarters, in the German town of Tettnang, on the night of April 27. The fire was caused by lightning, which struck the roof of the production facilities during a severe thunderstorm in the area. No one was injured.The fire department was reportedly on site ...
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Activist investor calls for Quiksilver sale again
Ryan Drexler of Consac, a U.S. investment fund, again urged Quiksilver's board to consider a sale of the company – for the second time in two months and despite significant changes in the board sports company's leadership last month.This time the activist investor stated in his letter to Bob McKnight, ...
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Papillon is taken over by Rucanor owner
Papillon, a Dutch brand of dance and fitness products that went into receivership earlier this year, has been acquired by Sport Services, the Dutch company that already owns the Rucanor brand and provides logistical services for some Dutch retailers. The brand was previously called Le Papillon.Papillon reported an annual turnover ...
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361° firms up sustainable recovery
361 Degrees International pointed to sustainable recovery after another quarter of sales expansion. The Chinese brand's turnover and profit picked up sharply last year and its comparable store sales advanced by 6.3 percent for the first quarter of this year. 361° said the quarterly performance was in line with its ...
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361° strides into Europe with an outsourced subsidiary
While its business is improving strongly in China, 361 Degrees International has been making rapid strides in Europe after it teamed up with Zitra, an arm of the Otto Group, to establish European distribution earlier this year. This hard-hitting partner has already started selling the Chinese brand's international range in ...
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Unesco joins the action on physical activity
The United Nations Educational, Scientific and Cultural Organization (Unesco) has firmed up its support for the development of physical activity through far-reaching amendments in its international charter of physical education and sport, recognizing physical activity as a fundamental human right.Unesco, which is the United Nations' lead agency for sport and ...
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Adidas stores to phase out plastic bags
The Adidas Group has inked a partnership with Parley for the Oceans, an initiative that is meant to preserve oceans through education and research as well as direct actions against plastic pollution in the oceans.It should lead to the creation of materials made out of ocean plastic waste, to be ...
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Double-digit growth for Decathlon, driven by the BRICs
The world's largest integrated sporting goods retailer accelerated its growth in 2014, posting a sales increase of 10.6 percent to €8.2 billion. Much of the growth was generated by the opening of a record number of stores, especially in emerging markets, and the development of e-commerce. Decathlon was also able ...
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A 13% same-store rise at JD's sports stores
Driven by the strong performance of its growing international network of sporting goods stores, JD Sports Fashion reported today a 23 percent increase in operating profit before exceptional items to £102,173,000 (€142,000,500-$150,399,700) for the 52-week financial year ended on Jan. 31 from its continuing operations. Their sales grew by 25 ...
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Analysis: The sports equipment market 2014
In spite of solid gains in bicycles and fitness equipment and the meteoric rise of GoPro, the major sports equipment companies booked a small increase of only 2.5 percent in their combined sales in 2014 to a total of $69.1 billion. Sales increased at the same rate in the U.S., ...
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Adidas wants to run faster in two-horse race against Nike
While unveiling its latest five-year strategic plan at an investor day three weeks ago, the Adidas Group implicitly admitted that it could not catch up with its bigger American rival in the next few years – but the plan and the new management that will implement it could infuse ...
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Duo takes the lead at Adidas Group
The investor day held in Herzogenaurach three weeks ago enabled the company to push forward two new executive board members. Herbert Hainer, the Adidas Group's chief executive, who has been under some pressure since the company's profit warning last year, made it clear a few weeks ago that he will ...
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Le Coq Sportif nears its turnaround, changes CEO
Le Coq Sportif started a turnaround last year, posting stable sales and a much reduced loss. The French brand is banking on significant investments in European football to improve its profit margins this year, as part of its latest plan to put more emphasis on technical clothing and other performance ...
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Perry Ellis extends Nike Swim license to Europe
Perry Ellis International, which has been the licensee for Nike branded performance and non-performance swimwear since 2003, has renewed the license agreement and extended it internationally, starting with certain unspecified countries in Europe and in Central and South America. Sales in Europe are expected to start in the second and ...
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Abacus settles in Denmark and China
Abacus, the Swedish golf apparel brand, predicts another buoyant year after a sales rise of about 5 percent in 2014, driven by demand for licensed merchandise for the Ryder Cup and continued expansion in Europe and Asia.The company reached sales of about 65 million Swedish kronor (€7.0m-$7.4m) for its apparel ...
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Bauer's parent reacts to currencies
Predicting further pressure from foreign currency exchange rates, Performance Sports Group (PSG), the Canadian-based parent of Bauer, Cascade and other brands, plans to implement a price increase of 5 percent across all its products in Canada on Sept. 1 and in all other markets outside North America on March 1, ...
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Yue Yuen’s Vietnamese workers end strike
Up to 70,000 workers at two shoe manufacturing plants operated in Ho Chi Minh City by Pou Yuen, which is controlled by Yue Yuen Industrial Holdings, staged a rare six-day strike, protesting against new legislation on social insurance that is due to be implemented in Vietnam next year. All but ...
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New sports shoe factory under construction in Turkey
A Turkish entrepreneur, Bilal Dogan, is starting up a large new factory to make sports and casual shoes in his native country, supplementing the product development and sourcing activities that he has built up in China over the past nine years. The $20 million investment, which he says is not ...
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Management changes, new campaign at Polartec
Eric Yung, who has been with Polartec for eight years, acting most recently as European sales director, will add responsibility for customer service following the departure of Juan Carlos Gonzalez, the former director of international sales, at the beginning of April. Yung will continue to work out of Polartec Europe's ...
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Bike sales increase in France, with double-digit rise for e-bikes
Bicycle sales in France increased in both volume and turnover in 2014, with e-bikes confirming the strong positive trend of the previous year. According to the observatory of French industry organizations, FPS (Fédération Professionnelle des entreprises du Sport et des loisirs) and Univelo, the total value of the bike and ...
