Latest Headlines – Page 268
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New SGI Europe study examines the women’s market
Only 1% of German women prefer to undertake a sports activity with men. It is one of the most stunning results of a recent survey of 3,200 women who engage with sports in Germany. It was conducted online and in cooperation with Intersport Germany in early 2014. This and other ...
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Bread & Butter will remain BBB
The organizers of the Bread & Butter show have decided to keep staging it in Berlin for the coming winter edition, which is now scheduled for Jan. 19-21, 2015, parallel to Premium, Panorama and Bright like in the past. The majority of exhibitors and trade visitors were skeptical about holding the event ...
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TAF goes Dutch, more international
Intersport International Corp. (IIC) has announced its first master franchising agreement in Europe for The Athlete's Foot (TAF) since it acquired the international chain in December 2012. The deal is with Euretco B.V., the Intersport licensee in the Netherlands that came out of a merger between the former Euretco and ...
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Growth of 4.5% for Intersport in H1
The retailers affiliated with Intersport International Corp. (IIC) booked a 4.5 percent sales increase for the first half of 2014, thanks in part to the euphoria around the World Cup of football. The month of July was slightly below last year while August was very good again, leading IIC's management ...
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Runners Point is set to enter other markets under Bart De Wilde
In reporting excellent results for the second quarter, Foot Locker indicated late last month that it would like to expand the German-based Runners Point Group, which it took over a year ago, beyond the German-speaking countries and the Netherlands. The group has 214 stores trading as Runners Point and Sidestep ...
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Foot Locker continues to grow fast
Beating analysts' estimates, Foot Locker reported a 39.4 percent increase in net earnings to $92 million for the second quarter ended Aug. 2 as revenues jumped by 12.9 percent to $1,641 million, with a 7.0 percent increase on a comparable store basis across the world. Sales grew by 11.7 percent ...
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Questions remain about Karstadt's future
Observers will have to wait until a newly scheduled meeting of Karstadt's supervisory board next Thursday to get a view of René Benko's future plans for the 86 department stores and the 28 sporting goods stores of the loss-making German retail group. As previously reported, Benko's Austrian-based real estate company, ...
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Quiksilver reports poor quarterly results, but recovery is in sight
Sales declined in all the regions and for all the brands in the third quarter ended July 31, leading Quiksilver to post a net loss on continuing operations of $220.1 million for the period, including an impairment charge of $182.6 million for goodwill related to Rossignol, against income of $2.1 ...
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Billabong divests online platforms
Billabong International has sold its multi-brand, surf-related e-commerce operations to an investors' consortium that includes the founders of Surfstitch, Justin Cameron and Lex Pedersen, for total proceeds of more than 35 million Australian dollars (€25.29m-$32.73m). The assets being divested are Billabong's 51 percent stake in Surfstitch.com, the Australian online surfwear ...
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Billabong regains some traction
The reorganization of Billabong International and its concentration on fewer brands and activities seem to have started to pay off, particularly in the first six months of 2014. The group's net losses declined by 78 percent to 233.7 million Australian dollars (€168.85m-$218.55m) for the financial year ended last June 30 as ...
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Globe posts strong growth in Europe and Australia
Globe International's overall revenues rose by 24 percent to A$104 million Australian dollars (€75.30m-$97.54m) for the year ended June 30 as compared to the previous year, or by 13 percent in constant currency terms, driven by strong results in Europe and Australia. Breaking the A$100 million sales mark with solid growth ...
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From Haglöfs to Peak Performance
Nicolas Warchalowski, who left as chief executive of Haglöfs a few weeks ago after five years with the company, which is now a property of Asics, has been appointed CEO of Peak Performance. His career includes brand-building experiences at Procter & Gamble and Red Bull in the U.S. and Austria.Warchalowski ...
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Former Halti boss acquires Vauhti Speed
Acting through his investment company, which is still a minority shareholder in Halti, Martti Uusitalo has acquired a majority stake in Vauhti Speed, a Finnish manufacturer of ski wax and related accessories. The former owners, Aki and Vuokko Karvonen, remain as minority shareholders. They will continue to be active in ...
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Accell get the leadership in Spain through Comet
Accell Group has announced a deal for the acquisition of all the shares in Comet S.L., a Spanish supplier of bike parts and accessories based in Urnieta, near San Sebastián. The acquisition will be financed via existing financing facilities. It is Accell's first acquisition in Spain. Comet has exclusive distribution ...
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BRG Sports sells Easton Hockey, buys MIPS
BRG Sports, formerly known as Easton-Bell Sports, has announced the sale of its Easton hockey business to Chartwell Investments, a New York-based private investment firm. The terms of the transaction were not disclosed. Chartwell sealed the deal by walking out with part of the senior management. Mary George, a former chief ...
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Amer Sports sees room for further growth in profitability
The management of Amer Sports is generally pleased with the results of its outdoor brands, including Salomon, Arc'teryx and Suunto. It sees further potential for the development of the footwear and apparel categories within the group, and it is taking action to boost the sales and profitability of its only ...
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Missing Link regroups and cuts costs
The Norwegian Missing Link Group (MLG) has been through some turbulent years recently, as we have reported in the past, with declining sales and continual changes in leadership. Its sales fell last year to NOK 51 million Norwegian kroner (€6.3m-$8.2m) from NOK 60 million in 2012.However, according to an interview conducted ...
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Under Armour sponsors a supermodel, clashes with Nike over Durant
Under Armour has announced a multi-year sponsorship deal with Gisele Bündchen, the 34-year-old Brazilian supermodel, as part of its efforts to double the size of its women's apparel segment, which has reached annual sales of around $500 million. The terms of the contract have not been revealed, but it was ...
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Nike leads among European football kit suppliers in 2014/15
Of the 25 brands supplying kit to clubs in the major European football leagues during the 2014/15 playing season, Nike has become the market leader, according to Repucom and PR Marketing's “European Football Kit Supplier Report 2014.” However, this summer Adidas announced a blockbuster 10-year, £750 million (€939.14m-$1,234.54m) deal with Manchester ...
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WFSGI moves on many fronts
The World Federation of the Sporting Goods Industry (WFSGI) has decided to set up an Asia office in Hong Kong and has launched a job search for its director. Reporting directly to its head office in Switzerland, it will act mainly as a full-service organization intended to support WFSGI's Asian ...
