Latest Headlines – Page 266
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NPD gives some data on the world market
The global sporting goods market grew by 5 percent at retail in 2013, according to the NPD Group, reaching a value of €277 billion, or $367 billion, in terms of consumption (including sales taxes). It followed the general trend of the last few years, when its annual growth varied between ...
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Nike surprises the market with a strong quarter
Nike's share price shot up by 12.23 percent to an all-time high of $84 a share after the company reported a very strong first quarter and upgraded its outlook for the full financial year. Sales increased by 15 percent in dollars as well as in local currencies during the quarter, ...
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Adidas supports its share price
Adidas has reported the successful completion of its first eurobond offerings since 2009, which received a strong reception because the bonds can be traded on the Luxembourg Stock Exchange. The group raised a total of €1 billion through two separate bonds - a 7-year eurobond of €600 million and a ...
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German Intersport believes in one kaiser rather than two kings
Intersport Deutschland is no longer run through its unique model of two presidents with equal rights. Instead, the supervisory board of the big German buying group, which comprises seven retailers and two external members, has decided to promote one of the two, Kim Roether, to be the sole chairman of ...
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China untapped: report studies fast-growing, second-largest global market
While some of the largest sports companies operating in China are just starting to enjoy a rebound, the market as a whole expanded markedly last year. The NPD Group estimates that the Chinese retail market reached the equivalent of 198 billion yuan renminbi or $31.9 billion last year, which was ...
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Sportmaster deploys stores in northern China
The Chinese sports retail market continues to undergo significant changes, including the arrival of more international multi-brand sports retailers. The latest big player to have started trading in the world's second-largest sporting goods market is Sportmaster, the Russian sports retail giant, which has opened seven stores in the north of ...
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Sports Direct invests in Tesco and Debenhams
Sports Direct International has reinforced its relationships with these two U.K.-based retailers with new put options that give Goldman Sachs the right to sell shares to SDI in them if their share price falls below certain levels. SDI is already working with both of them through concessions in their stores.A ...
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Netshoes may go public
Netshoes, a Brazilian-based online retailer that has become the world's largest pure e-tailer in the sporting goods sector, is said to be contemplating a public offering, in the wake of other more generalist e-tailers such as Zalando and Alibaba.According to Reuters, Netshoes has been generating an operating profit for the ...
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XXL has gone public
XXL, the big and fast-growing Nordic sports retailer based in Norway, which has been renamed as XXL ASA, has gone public as planned. On Oct. 3, the shares were floated on the Oslo Stock Exchange with an introductory price of 58 Norwegian kroner, giving the company a market capitalization of ...
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XXL wins Norwegian Retail Award
The Norwegian sporting goods retailer XXL Sport & Outdoor has won the 2014 Virke Retail Award. The prize, which aims to highlight the best success stories from the Norwegian retail industry, was awarded at the annual trade conference hosted by the Enterprise Federation of Norway, Virke.XXL won the award after ...
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Adidas names new managers
Adidas has appointed English-born Karen Parkin as chief human resources officer effective Nov. 1. Parkin will report directly to Herbert Hainer, the group's chief executive. She succeeds Matthias Malessa, who left the company at the end of July. Currently, Karen Parkin is responsible for the group's global supply chain and ...
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Adidas will open a new creative studio in Brooklyn
Adidas has announced plans to open a “Brooklyn Creative Studio” in New York City in 2015. The studio will serve as a cultural contact point connecting the brand with sports and street culture, the company said in a statement. As part of this plan, Adidas has hired three prominent Nike ...
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Head makes a new effort to go private
This time, the efforts of its major shareholder, Johan Eliasch, may finally pay off, after repeated conditional tender offers for the shares held in Head by other investors. The company announced on Oct. 9 an unconditional offer to buy back its shares by Oct. 31 at the latest at a ...
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Halfords and Mifa go bankrupt
Halfords, the Dutch retailer of bicycles and automotive accessories, has filed for insolvency, blaming the poor economy in the Netherlands and pressure from the internet. The Dutch Halfords has nothing to do with the British bike retail chain by the same name.The Dutch company had been taken over by its ...
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New owners for North Sails
Oakley Capital Private Equity, a U.K.-based equity fund that has nothing to do with the brand of sunglasses by the same name, has acquired Tomasoni Topsail through its subsidiary North Technology Group, which holds the rights to the North Sails brand. Tomasoni holds the exclusive license to manufacture and distribute ...
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Mizuno goes more direct in Europe
Mizuno has announced the establishment of a subsidiary in Norway for all the Nordic markets. The new company, Mizuno Norge, will take over the Japanese brand's business in Norway as of next April 1 from Scantrade, which has been its distributor in the country for 18 years.Before the end of ...
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Berghaus and Brasher have a new brand president
Richard Leedham has been appointed brand president of Berghaus and Brasher, with immediate effect. Leedham has been fulfilling the role on an interim basis since January, following the departure of Richard Cotter for the Snow + Rock retail chain four months earlier, and has now been confirmed in the position ...
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Columbia hires new manufacturing and marketing executives
Columbia Sportswear has hired Steve Woodside, formerly at VF Corp., as vice-president of global manufacturing and appointed Stuart Redsun, a former executive at Under Armour, to the newly-created role of chief marketing officer.Woodside, who will report directly to Columbia's chief operating officer, Bryan Timm, joined Columbia on Aug. 25. His ...
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K-Swiss introduces new brand identity
K-Swiss is rolling out a new brand identity and logo that it says celebrate the company's history as the “only” heritage U.S. tennis brand. K-Swiss' new look is characterized by a new visual language, including a directional logo, classic 1966 typeface, and signature Brunner Blue colorway inspired by the blue ...
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PSG raises hockey sales, wants to lower costs
The Performance Sports Group (PSG) reports a 28 percent sales increase to $197.1 million for the first quarter ended Aug. 31. In terms of constant currencies, sales grew by 31 percent, but most of the increase was due to the acquisition of Easton's baseball and softball business by the former ...
