Latest Headlines – Page 289
-
Article
European launch for Altra
Frank Warnars, the Dutch executive who took care of European sales for Saucony until about one year ago, has signed up as European brand manager for Altra Footwear, the fastest-growing brand of running shoes now on the market.Altra is not yet well known on the European market, where its line ...
-
Article
Kodiak expands in Europe
This big Canadian producer of waterproof boots has been expanding its presence on the European market since it first exhibited at the Ispo show in Munich at the beginning of last year. Jean-Marc Groell, a former executive of Columbia Sportswear who has been taking care of Kodiak's business in Europe, ...
-
Article
Ispo buries its bike show, launches Ispo Community
Messe München has put an end to its Ispo Bike show for the trade and decided to shift its bicycle-related offer to f.re.e, a leisure and travel show that it has been organizing for consumers. Bicycles already had their own space at f.re.e , but it is going to be ...
-
Article
eBay launches new partnership program to with the brands
The German subsidiary of eBay, the international California-based online marketplace, has announced major changes in its offer to provide an improved platform for the brands. The company is about to implement a new service which gives the opportunity to them to present themselves to the general public – even if ...
-
Article
YY predicts a pick-up
Wage hikes in Indonesia and retail discounts in China contributed to a sharp decline in the net profit of Yue Yuen Industrial (Holding) for the first six months of the year. The footwear manufacturing giant predicted that 2013 would be a year of consolidation but that a new era of ...
-
Article
European sports retail sales grew by 2.1% in 2012
Boosted by football and Olympic mega-events, consumers' purchases of sporting goods in 15 key Western European countries increased by 3.8 percent to €54.9 billion in 2012, according to an annual survey by SGI Europe. In terms of local currencies and before sales taxes, which went up in some countries, they ...
-
Article
Intersport enters Australia after its start-up in China
One more market for Intersport International Corp. (IIC): The multi-national retail organization has announced a franchising agreement with Independent Sports, the second-biggest Australian buying group in the sector. With annual retail sales of about 130 million Australian dollars (€90m-$119m), it is the fourth-largest player in the Australian sporting goods market, ...
-
Article
TAF grows in Australia
RCG Corporation, Australian licensee of The Athlete's Foot, saw the sales of its franchised TAF increase by 3.0 percent to 205 million Australian dollars (€142m-$188m) in the 12 months ended last June, with a 4.1 percent on a comparable basis. Same-store growth slowed down to 2.1 percent in the latest ...
-
Article
New CEO for Denmark’s Sport-Master
Jens Høgsted became the new chief executive of Sport-Master this week, replacing Hans-Peter Rasmussen. He will be joined shortly by a new chief financial officer, Chris Bigler, who has held a similar position at IC Companys, the big Danish company that owns many sportswear brands including Peak Performance.Høgsted, who is ...
-
Article
El Corte Inglès has a chief executive now
El Corte Inglès, which has a strong position in the Spanish sporting goods market, suffered an 18.32 percent decline in its consolidated net income to €171.5 million in the financial year ended last February, as its revenues fell by 7.7 percent to €14.5 billion. Noting that retail sales have been ...
-
Article
Foot Locker disappoints analysts
Foot Locker raised sales and profits strongly for the second quarter ended on Aug. 3, although analysts had expected a slightly better performance. The market was said to have been more challenging than expected, especially in the U.S.Thanks in part to the acquisition of Runners Point in Germany one month ...
-
Article
ABG buys Spyder, licences Li & Fung
Authentic Brands Group (ABG) has completed the acquisition of Spyder Active Sports, the snow-wear brand from Boulder, Colorado, for an undisclosed price, from the private equity firm Apax Partners, which had bought the brand in 2004 for about $100 million. In connection with the acquisition, ABG and LF USA, the ...
-
Article
Dorel acquires Brazil's major bike firm
Dorel Industries, the Canadian group that owns bicycle brands from Cannondale to Schwinn, Mongoose and more, said it had acquired 70 percent of Caloi, the leading Brazilian bicycle maker. Caloi sells about one million bicycles in Brazil annually, amounting to an estimated 40 percent of the market in value, and ...
-
Article
New boss for Derby Cycle
Mathias Seidler, who built up Derby Cycle in the last 12 years, will relinquish his chief executive's seat at the end of September, roughly two years after the company was acquired by the Pon Group in the Netherlands. The job will be taken over by Thomas Raith, former managing director ...
-
Article
Billabong is in play again
Financial restructuring moves led to a large loss for Billabong International in the fiscal year until the end of June, and the Australian company's board is now rethinking a rescue package approved in July, yet again considering yet again an alternative takeover offer.The net loss reached 859.5 million Australian dollars (€597.4m-$788.3m), predominantly due ...
-
Article
Globe posts a loss on the back of one-off costs
Globe International reported a consolidated net loss of 6.0 million Australian dollars (€4.0m-$5.3m) for the financial year ended June 30, 2013, after impairing intangibles of A$0.8 million (€0.54m-$0.71), as compared to the net profit of A$0.1 million (€0.07m-$0.09m) reported for the previous financial year. Financial results were impacted by restructuring and a ...
-
Article
Moncler prepares for the stock exchange
Moncler, the upscale brand of down jackets and other fashionable sports and leisurewear, might be listed on Milan Stock Exchange as from November or by the end of the year. According to Il Sole 24 Ore, the important Italian financial daily newspaper, the company should submit the necessary documents to ...
-
Article
Rottefella tightens grip on costs as sales shrink
Rottefella, the Norwegian group specialized in cross-country ski bindings, saw its sales shrink by 32.2 percent to about 160 million Norwegian kroner (€19.8m-$26.1m) in 2012, after a sharp rise in the two previous years. But Christer Johnsen, the company's chief executive, said in an interview with Sportbransjen that the group's managers ...
-
Article
Peak Performance improves margins on lower sales
Peak Performance, the Swedish ski, outdoor and golf apparel brand, saw its sales decline by about 5 percent to the equivalent of 931 million Danish kroner (€124.8m-$164.9m) for the fiscal year until the end of June, but its operating profit rose sharply on the back of improved purchasing and sourcing.IC Companys, ...
-
Article
Sluggish Nordic markets affect New Wave’s sports brands
Weak demand in the Nordics and some other European countries hurt sales at the Sport & Leisure unit of the New Wave Group, which declined by 6.6 percent in the second quarter of 2013 to 442 million Swedish kronor (€50.5m-$66.8m). The unit includes the Craft and Cutter&Buck brands along with licenses ...
