Latest Headlines – Page 303
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Nike and Oakley sign up more golf champions
Nike is still widely expected to announce its sponsorship of Rory McIlory, the world's current top-ranked golf champion, at the Abu Dhabi Championship on Jan. 14. As previously reported, Oakley is challenging the deal with the Irish player, which is said to be worth $250 million. However, a spokesperson for Oakley ...
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New social ski app by Rossignol
Rossignol has updated and broadened a free app enabling skiers and snowboarders to track and record their performance. The new Ski Pursuit app allows users to share statistics, such as their average riding speed, with their friends on Facebook, bringing about the creation of a “Pursuit Community.”A version of Ski ...
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Change of the guard at Fibo show
Olaf Tomscheit, who has been the director of Fibo since 2005, is leaving Reed Exhibitions Deutschland, organizer of the big European ftiness fair. He will step down after the next show, being held next April 11-14 for the first time in Cologne. He is moving on to The Conference Group ...
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Sharp retail format hits Danish market
Sport 24, a hard-hitting new Danish retail chain launched early last year, has rapidly opened regular stores and outlets to form a network of 36 doors around the Jutland peninsula, and plans to have at least 50 stores in place by 2015. The proliferation of outlet stores could have an ...
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With fewer members, the German Intersport sells more
Klaus Jost and Kim Roether, the joint managing directors of Intersport Germany, who held their annual press conference on Wednesday, announced a projected sales increase of 3-4 percent in 2012 for their retail members, reaching a turnover of around €2.8 billion including VAT. This figure is preliminary since it does ...
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The Swiss Intersport is in the red
The ongoing crisis in Swiss retailing in general, and the difficult weather conditions last year in particular, had their impact on the results of Intersport PSC Holding, the Swiss licensee of Intersport, in the 2011-12 financial year ended Sept. 30. The group's revenues dropped sharply by 16.3 percent to 211.5 ...
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Billabong warns about profits after a bid
Paul Naude, a director of Billabong International and head of operations in the Americas, has finally revealed details of his plans for a buyout of the board sports company, but a profit warning from the company led many investors to sell their shares nevertheless, causing a further drop in the ...
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Quik claims market share gains in Europe
The Quiksilver group managed to lift its turnover for the last quarter of its fiscal year, which ran until the end of October, but this was achieved with abundant closeout sales and discounts that badly hit the company's gross margin and caused a pre-tax loss for the quarter.The group's turnover advanced ...
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Lafuma reorganizes Oxbow
The Lafuma Group reported last week a net loss of €15.2 million for the financial year ended last Sept. 30, compared with a net profit of €3.9 million in the prior year, but blamed the poor results mainly on non-cash charges of about €15 million and on the poor performance ...
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Rip Curl goes more technical
While Oxbow is eliminating wetsuits from its collection, Rip Curl, the only surf company with its own factory in Thailand, is launching a better version of its quick-dry Flash Bomb suit for the autumn/winter 2013/14 season. Called Flash Bomb Plus, it is said to be 20 percent lighter, with 30 ...
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Li Ning launches a far-reaching retail cleanup
Li Ning's board has approved a far-reaching retail cleanup plan that will cost 1.4 billion to 1.8 billion yuan renminbi (€170m-$224m to €219m-$290m), to put an end to the inventory issues that have been plaguing the leading Chinese sports company and the country's entire sports apparel and footwear market in ...
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Sergio Tacchini remains with 13 people
Sergio Tacchini International is going through a drastic downsizing and restructuring program that revolves around the concept of enlisting new licenses.As recently reported in SGI Europe, the Italian sportswear brand announced in September that it has teamed up with IMG in a multi-year agreement under which the international sports, fashion and ...
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Mizuno takes over the distribution in Italy.
A new sales subsidiary of the Japanese group for the Italian market, Mizuno Italia, will start up on Jan. 10, allowing the group to use synergies with other sales subsidiaries in Europe. It will be led by Mark Kaiway, a Canadian-born Mizuno veteran who has been running the company's German ...
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Black Diamond fills new positions in Europe and the U.S.
Black Diamond's Swiss-based European subsidiary is creating three new positions to strengthen its sales and product team as well as its back office. New positions have also been announced in the U.S., particularly in connection with the brand's launch of its first apparel line.Olav Nietzer joins Black Diamond as European sales manager. ...
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Loubsol is sold to a health and beauty firm
Loubsol, the French maker of sports sunglasses and goggles based in the Jura region of France, has been sold to Batteur, a specialist in health and beauty products. Sport-Guide.com reports that its owner, Robert Clément, now 70 years old, has been looking to sell the company for several years. He ...
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Arena shares U.S. sponsorships with Speedo
Arena will team up with USA Swimming, the U.S. swimming federation, from the start of next year, as part of a wide-ranging eight-year deal. Unlike the situation in previous years, when Speedo had far-reaching rights with regard to the sponsorship of U.S. swimmers, the federation has started to split rights ...
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English people are sportier
The organization of the Olympic Games in London and the success of Britain's athletes at the Games have led to a considerable increase in sports participation in the country, after the continued decline that was registered last year. According to figures released by Sport England, the grass-roots funding body, the number ...
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The major sports brands are set for growth in Korea
As the competition has been heating up in the Korean sporting goods market, with outdoor brands snatching market share from their rivals in the rest of the market, the most active brands have been focusing on improving the sell-through in their hundreds of franchised and own stores.The Korean sports apparel ...
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Heelys reports flat sales and a loss
Heelys has reported unchanged consolidated revenues of around $6.6 million for the third quarter ended Sept. 30, but the net loss increased to $2.4 million from the net loss of $1.5 million booked in the third quarter of 2011. Domestic sales increased by 17.3 percent, mainly due to the new ...
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Nike improves everywhere except in China
Nike reported a sales increase of 7 percent to $6.0 billion for its continuing operations in the second quarter of its fiscal year, which ran until the end of November, and this was equivalent to a jump of 10 percent in constant currencies. Interestingly, the Nike brand's underlying sales continued ...
