Latest Headlines – Page 301
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Therm-ic comes back under Stangl's management
August Stangl is returning to Therm-ic in the role of managing director of a newly created company, STC Distribution, which will be responsible for the product development, distribution and marketing of the Therm-ic brand. STC Distribution is owned at 100 percent by Sidas, the French-based supplier of insoles for sports ...
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German Sport 2000 explores new strategies for medium-sized retailers
The German Sport 2000 is not very optimistic about the future development of the number of sports retailers in Germany, notably when it comes to the traditional family-run generalist sports stores. According to the buying group's management, the number of stores has decreased from some 6,400 doors 10 years ago ...
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The German industry stays under pressure
A survey recently conducted among the members of the German sporting goods industry federation, BSI, showed that 91 percent of them are satisfied with the current state of their business, and 51 percent assess it as good or very good. In addition, about half of the members saw their annual sales rising ...
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Uncertainty in the European market calls for new opportunities
A few days before the start of Ispo Munich, the event's organizers, Messe München, brought together leading personalities of the European sporting goods industry at a press conference to discuss trends and prospects. Werner Haizmann, president of Fedas, the European retailers' federation, pointed out that sales trends strongly varied from one ...
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The market situation seems to be improving
The European market situation for winter sports products is improving, judging from an online survey of sales and order trends that SGI Europe conducted at all levels of the supply chain at the international level earlier this week. In general, producers, distributors and retailers all expect higher orders for the ...
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Intersport grows by 3% worldwide, with lower margins
In a preliminary statement, Intersport International Corporation (IIC) reports an increase of around 3 percent in the sales of its affiliated retailers in Europe and the rest of the world in the course of 2012, with widely diverging levels of performance from one country to the other. After the small ...
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Eybl axes 11 percent of its staff; needs fresh money
It was just a brief release sent out through ASA/OTS, the Austrian news agency, but it hit the Austrian sporting goods industry like an earthquake a few days ago. In the release, Sport Eybl & Sports Experts, the country's leading retailer in the sector, announced that it is about to ...
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Austrian Sport 2000 and Gigasport sign strategic partnership
Effective Feb. 1, Gigasport, the banner of the Kastner & Öhler chain of department stores, and Sport 2000 Austria will form a purchasing partnership that is set to boost the buying group's turnover significantly. The new alliance adds 18 Gigasport doors to the existing 321 Sport 2000 stores in Austria, ...
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Stadium will enter Germany
Stadium, the large-scale Swedish sports retailer with nearly 140 stores across Sweden, Denmark and Finland, is preparing to move into Hamburg next year. The company's chief executive, Gustaf Öhrn, said that Stadium had picked Hamburg because its concept was right for that particular market; the weather conditions were not unlike ...
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Sport 2000 sees the light again in France
Sport 2000 went through a difficult period in France after it tried to set up its own corporate stores in 2008 with the financial help of an investment group, Activa Capital, which obtained a controlling interest in the cooperative in 2010. The stores have since been closed down, and after a long ...
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German Sport 2000 retailers post healthy growth for 2012
Sport 2000 Deutschland reports a sales increase at retail prices of 4.3 percent to €1.55 billion in 2012 compared with the previous year. The figures are for German retailers alone and exclude affiliated retailers in Switzerland. The increase is in line with the average increase of 4 percent over the past ...
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Elan to go private
Elan says that its shareholders, related to the Slovenian state, have signed a letter of intent with Argus Capital, a private equity fund specializing in investments in Central and Eastern Europe, to sell their stake and thereby privatize the Slovenian ski and boating company. The deal would encompass the entire ...
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Record sales for Amer, but ski is down
Winter sports equipment sales at Amer Sports, the Finnish group that owns Salomon and Atomic, ended the past year with a drop of 5 percent to €425 million, which was a decline of 8 percent in constant currencies. The company previously indicated that its pre-orders for winter sports equipment had ...
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Li Ning launches a secondary offering
The Li Ning Company wants to raise up to HK$1.87 billion (€176.5m-$241m) through an open offer of convertible securities, to complete its wide-ranging restructuring moves and investments in the Li-Ning brand.The company's shares were pummeled on Jan. 25 when it announced the offer, which allows existing shareholders to swap two ...
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Brooks reports double-digit growth and organizational changes
Brooks Running posted a 43 percent revenue increase in the U.S. market and a 41 percent increase on a local currencies across its European markets for 2012. In the face of strong results, Brooks Sports, which includes Brooks Running and Moving Comfort, will undergo a major realigning of its business ...
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Lotto strikes a new agreement in Poland
Lotto Sport Italia has sealed a licensing agreement with the Marketing Investment Group (MIG) in Poland, which will run for five years until 2017, encompassing all ranges of footwear, apparel and accessories. The Italian brand, which focuses on team sports and tennis, was previously sold in Poland by the Optimum ...
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Move is moving fast
Move (pronounced as in mohvey), a Brazilian sporting goods industry association formed in September 2010, is attracting new members and developing many new initiatives since the appointment of its first full-time secretary general, Andre Raduan, a few months ago.The association, which belongs to the World Federation of the Sporting Goods ...
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Ispo Award winners announced and explained
Messe München has announced this year's winners of the Ispo Award. In addition to the regular prizes for the Products of the Year, this time the jury has also selected the overall winners in the new categories of Asian Products and Marketing:- Action sports: Burton for its M2 goggle, whose frame ...
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E-Land to buy K-Swiss
After many months of speculation, K-Swiss said this week that E-Land, the South Korean fashion and retail giant, had agreed to buy the ailing Californian sports apparel and footwear company at a price of $4.75 per share in cash, which values the K-Swiss group at about $170 million.This amounts to ...
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VF mulls bid for Billabong
The stage was set for a takeover battle around Billabong International this week after the company received yet another conditional offer – this time from a consortium comprising Altamont Capital Partners, a private equity firm from San Francisco, and VF Corporation, the owner of The North Face, Vans, Timberland, and ...
