Latest Headlines – Page 272
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Wolverine streamlines
Wolverine Worldwide has decided to streamline its operations, terminating its footwear license with Patagonia after delivery of the autumn/winter 2014/15 collection and closing down about 140 under-performing stores in the next 18 months. About 75 percent of the stores, which have seen a slowdown in mall traffic, belong to the ...
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Nike’s momentum goes on, especially in Europe
Nike Inc. ended the financial year on May 31 with an 11 percent increase in total revenues for the fourth quarter to $7.43 billion, with currency-neutral gains of 13 percent for the Nike brand and 15 percent for Converse. The Swoosh had the strongest growth in Western Europe, rising by ...
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Adidas reports record sales in football
Adidas announced that it would “definitely achieve” its €2 billion sales target for football products in 2014, after assessing data in the run-up to and after the first 12 days of the 2014 Fifa World Cup in Brazil. The company has been gradually building demand for its shirts, boots and balls ...
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Go Sport may expand in France while Modell’s internationalizes
Retailcorp UAE, the sporting goods retailer based in Dubai, has announced that it is rebranding its three existing franchised Go Sport stores to Modell's Sporting Goods. It is the first move outside the U.S. for Modell's, which has more than 155 stores in its domestic market. Founded in 1889 in ...
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Former Asics officials help relaunch Karhu
The family of Francesco Arese, a former Italian track & field champion - generally called Franco Arese - who has been associated with Asics for 32 years, has agreed to acquire a controlling interest in Karhu Holding, the Dutch company that has the rights to the famous Finnish brand of ...
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And1, Avia, Nevados fall into Sequential’s lap
Following a business model similar to that of Iconix Group, which owns Umbro, Danskin, Starter and many other brands, Sequential Brands has become one of the largest pure-play licensing companies in the world with its acquisition of Galaxy Brand Holdings, whose 15-plus brands generate annual retail sales of around $700 ...
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Internationalization boosts Pentland’s results
Pentland Group has not been trading on the stock exchange for many years, but unlike some other big groups that prefer to hide them, it continues to provide the main highlights of its financial performance. Last year's figures showed considerable improvements in terms of sales and profits. Pre-tax earnings jumped ...
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New owners for two French skiwear brands
After the recent sale of Fusalp to two members of the Lacoste family, two other French brands of skiwear that were rather prominent in the 1980s, Degré 7 and Duvillard, are changing ownership. Idealp, a company run by Jean-Philippe Caille that controls Ski Lacroix and other operations, is taking over ...
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Le Coq is making a big statement in cycling
In its third consecutive year as a supplier to the Tour de France, where it is providing the racers with newly developed, high-performance cycling apparel, Le Coq Sportif is organizing festivities connected with the event in Barcelona, Sydney, London and Milan during the cycle race. Le Coq has been a ...
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GoPro, Alibaba shake the stock market
GoPro went through one of the most successful public offering on the Nasdaq stock exchange in recent times. The shares were priced at $24 last Wednesday, at the high end of a previously set range of $21-24, valuing the young American action camera company at $2.96 billion. However, the stock ...
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Action on the sports recruitment front
GlobalSportsJobs, the U.K.-based online recruitment company, is launching its platform in France. The new operation is run by Nicolas de Resbecq, who recently sold a website called MySportConnect.net. It follows the establishment of a similar website for the German market less than one year ago, headed up by Tobias Tromlik.Will ...
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Intersport is launching new retail concepts
Next year Intersport International Corporation will be launching a new specialist retail concept that franchisees can adopt for their smaller stores. Franz Julen, chief executive of IIC, declined to provide any further details at this stage but told us that the new project will be coupled with the development of ...
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Sport 2000 starts to work with Nike
After a first trial in Eastern Europe, Sport 2000 International has agreed on a wider cooperation with Nike to stimulate sports participation as part of the brand's “Designed to Move” campaign. The project was outlined to representatives of the national Sport 2000 organizations at its annual meeting in Bratislava last ...
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Analysis: The sports apparel market 2013
The growth of the market softened from the rates of 8.1 percent and 2.6 percent recorded in 2011 and 2012, respectively, according to the annual study of the sports apparel sector conducted by Sporting Goods Intelligence. The major sporting goods companies raised their apparel revenues by only 1.8 percent to ...
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Wholesale woes sink Quiksilver’s value
The company's quotation on the stock exchange nosedived by 40 percent to $3.50 after its management indicated that it would probably take one year longer than expected to reach the targets it had outlined in its May 2013 strategic review. The statement, which accompanied the release of the company's results ...
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Musical chairs at Nike
Marc van Pappelendam returns in a way to previous responsibilities within Nike's European operation with his appointment as vice president and general manager for Central & Eastern Europe. He is taking the place of Michaela Stitz, who is leaving the group on Aug. 1. Stitz had been placed in charge ...
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Wolverine brings in executives from Adidas and Pentland
Wolverine Worldwide has announced three important new executive appointments including that of James D. Zwiers as president of its International Group, which it created three years ago to accelerate its global growth. While Zwiers is a company insider, the two other new executives come from important foreign groups.Zwiers has held ...
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Barry Bown leaves JD
JD Sports Fashion has announced that its long-time chief executive, Barry Bown, is stepping down from its board with immediate effect, after 30 years with the company. He will remain a consultant to JD.While praising his “significant contribution to the growth and development” of the company, a public statement by ...
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GoPro names president from Microsoft, goes for a $3 billion valuation
GoPro, the American brand of high-definition cameras used in sports and extreme action video photography, has appointed a former executive of Skype and Microsoft, Tony Bates, to the new position of president ahead of its long-awaited initial public offering. Reporting directly to GoPro's founder and chief executive, Nicholas Woodman, Bates ...
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Electric turns into a lifestyle brand
Electric, the Californian brand of sunglasses co-founded by Kipp Arnette 14 years ago, has run last week a temporary store across from the entrance of the huge Citadium lifestyle store in downtown Paris, featuring its new logo and an expanded line of products being developed under the same brand. Other ...
