Latest Headlines – Page 282
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Product diversification and brand extensions are in
Observers are wondering whether there will be enough place in store shelves and in the market for so many more SKUs under so many different brands, especially for technical sports apparel and accessories. Many companies are making the move into apparel in the wake of the likes of Black Diamond, ...
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European retail sales dropped by 4% in 2013, Fedas says
Total retail sales of sports products dropped by around 4 percent across Europe last year as compared to 2012 according to Werner Haizmann, president of Fedas, the European sporting goods retailers' federation. The organization places the value of the European market at around €36 billion, but our estimates for market size ...
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Intersport’s comps grow by more than 4% globally
In a preliminary statement, Intersport International Corp. (IIC) announced that its 5,350 affiliated Intersport stores in Europe and the rest of the world managed to raise their retail sales by about 1 percent to €10.3 billion in 2013 including taxes and excluding The Athlete's Foot, which IIC bought at the ...
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New WFSGI president calls for free trade
At the occasion of the annual press conference before the Ispo show in Munich, Frank Dassler, who will most probably be elected as the new president of the World Federation of the Sporting Goods Industry tomorrow, said he expects stronger general growth for the global sporting goods industry this year ...
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Fenix Outdoor buys 20% of Globetrotter
A new European outdoor retail alliance is shaping up with the acquisition of a 20 percent stake in Globetrotter Ausrüstung, the big German specialty outdoor retailer, by Fenix Outdoor, the Swedish company that owns the Naturkompaniet chain in Sweden and Partioiatta in Finland. For its part, Globetrotter holds a 25 ...
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Rossignol outperforms a sluggish ski market
The French winter sports company said its sales have jumped by about 16 percent for the current winter selling season, while estimating that the entire ski market had declined by about 3 percent. Rossignol expects to end the season with a sales increase of at least 10 percent.The company acknowledges ...
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Rossignol wants to buy and diversify
The Rossignol Group is actively studying acquisitions in summer sports equipment to complement its internal diversification in the coming years. The French winter sports company's managers said they were considering various categories, from cycling to fishing and water sports.This comes a few months after Altor Equity Partners, a Norwegian investment ...
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Former Fischer man will run Asics in Russia
Asics has appointed Johann Fischer, formerly in charge of Fischer Russia, to become its general manager in Russia and the CIS countries. The Japanese company wants to double the size of its Russian business - in an unspecified time frame - and establish Asics as a performance sports brand in ...
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New international focus for Brooks
Brooks Running Company will move its head office for Europe, the Middle East and Africa (EMEA) from Münster in Germany to Amsterdam to drive the brand's presence in the continent more forcefully, the way that Asics is doing out of the Netherlands and New Balance out of the U.K. David ...
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Inov-8 posts new record sales globally
Inov-8 saw its sales increase by 42 percent to $29 million in 2013. In the U.S., which makes up for 45 percent of the company business, the increase was of 25 percent. In its home market, the U.K., revenues climbed by 41 percent. Other regions also posted huge sales increases in ...
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Lafuma stabilizes, winding up its refinancing
The Lafuma Group has set Jan. 30 as the deadline for responses to its offer of additional shares at a low price of €9 each, with rights of first refusal for existing shareholders on a pro rata basis of their present holdings. The offer is open only to French investors, ...
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Wolverine cuts revenue outlook for full 2013
Wolverine Worldwide expects to announce earnings at the high end of its previous guidance of $0.85 to $0.90 a share for the financial year ended last Dec. 28, indicating an improvement in net profit to between $85.5 million and $90.5 million, compared with $80.8 million in 2012. Excluding restructuring charges ...
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Detailed SGI Europe study analyzes four East European markets
All eyes will be turning to Russia in the coming days when the Winter Olympics get started in Sochi. The event is also helping to stimulate the Russian sports market, by far the largest of four markets covered in our latest series of market research reports, along with Ukraine, Poland ...
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Fewer exhibitors at Bread & Butter, successful times for Bright and Premium
Visitors of the 30th Bread & Butter show, which took place on Jan. 14-16 at the former Tempelhof airport in Berlin under the slogan ‘Ich bin ein Berliner,' missed many of the big sporting goods brands that previously exhibited in the main hall of the fair.Brands that decided not to ...
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ISPO Munich is set to break new records
The Ispo Munich show opening on Sunday will host a record of 2,565 exhibitors, up from 2,481 a year ago, on 104,720 square meters of net space. Non-German exhibitors come from 50 countries and represent 85 percent of the total. Like before, Messe München expects about 80,000 visitors to go ...
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The WT Innovation World Cup has announced its finalists
The countdown to this year's winners of the Wearable Technologies (WT) Innovation World Cup has begun with the announcement of the finalists. The database with the names of the finalists was closed at the end of November 2013, with over 600 participants from 69 countries. Since then, an international panel ...
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Industry stocks got a 49% boost in 2013
The sporting goods industry's stock market capitalization has consistently outperformed the general economy in the last five years. As measured by us, it grew by 83.9 percent in 2009, recovering from a 40 percent dip in the previous year. It subsequently rose by 36.2 percent in 2010, by 2.3 percent ...
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Head extends buyback offer
Head has extended its conditional share buy-back offer from the original deadline of Dec. 27 to Jan. 21, leaving all the conditions unchanged. The company had offered to buy back its shares at a price €1.90 on the condition that at least 19,214,042 shares would be tendered. However, by Dec. ...
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Adidas rejuvenates board, Stamminger leaves
The Adidas Group's executive board is apparently turning over a new leaf since it appointed its second new member in a few months: Eric Liedtke, current senior vice president for the Adidas brand's Sport Performance unit, is to take over from Erich Stamminger on March 6 as executive board member ...
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New owners, new business plan for Arena
Arena International is coming under the control of a Swiss investment fund, Capvis, with a business plan that calls for a doubling in its operating profit before amortization (Ebitda) and an increase in its annual turnover of €40 million over the next four years.Capvis, a fund that specializes in small ...
