Latest Headlines – Page 319
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Strong start for Skechers in running
Skechers said that its new performance and fitness ranges, GOrun and GOwalk, had enjoyed robust sales, and additional GO products were scheduled to be launched in the third quarter. The group is currently testing the products in its own stores and in some wholesale accounts such as Shoe Carnival, Famous ...
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Prince may file for bankruptcy protection
Prince Sports Group is reportedly considering filing for bankruptcy protection as it moves closer to defaulting on its debt. The tennis company was acquired by its management in 2007 with the support of Nautic Partners for more than $60 million.According to the New York Post, which cited unnamed sources, ...
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Taiwanese fitness suppliers team up
Fourteen leading Taiwanese fitness equipment manufacturers have teamed up in a move to improve the supply chain and efficiency of the entire industry. They have formed the S-Team, along the same lines as the tie-up between bicycle manufacturers that formed the A-Team a few years ago.The initiative was launched by ...
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JD will invest more in sports retail internationally
The U.K. is not an island anymore. Sports Direct International has already invested a lot in the development of its sports retail business in various European countries. The recent investment of Dick's Sporting Goods in JJB Sports (see previous issue) indicates a similar development, mirroring the acquisitions made last year ...
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Intersport moves into Lebanon
Lebanon is the 42nd country in which the Intersport banner will be represented. The license agreement signed by Intersport International with ABC, a strongly established Lebanese retail group, should lead to the short-term opening of 10 multi-sport and multi-brand stores in the country, with a surface of between 600 and ...
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Sales turnaround for Go Sport
In an apparent turnaround, Go Sport has reported a 7.6 percent increase in its sales on a comparable store basis and in constant currencies for the first three months of 2012, with gains of 6.7 percent for its Go Sport stores in France, 9.7 percent for its Courir chain of ...
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The French sports market grew by 2% in 2011
The French sporting goods market rose by “about 2 percent” last year, according to the French sporting goods retailer association, FPS, reaching a record level of €9.31 billion. The figure includes sales of bicycles (see the next article), ski rentals and other categories that are not always counted by similar ...
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…with bike sales rising by 5%
Retail sales of bicycles, components and accessories grew in France by 6.5 percent in value in 2011 to an estimated €1,350 million and by 5.5 percent in volume to 3.2 million bikes. It was the first year of growth since 2007. France is the third-largest market in Europe for bicycles ...
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Adidas will sell fewer products better
Adidas wants to reduce its product range by about one-quarter as a means to cut costs and improve its stock turnaround, said Herbert Hainer, chief executive of the Adidas Group, in an interview published a few days ago in the Frankfurter Allgemeine Zeitung (FAZ).Hainer said that the group was selling ...
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Coalision merges with Pull-In
Pull-In is a fast-growing apparel company on the French Basque coast specializing in sports underwear, swimwear and other garments for the action sports sector whose sales were reported at €17 million in the past year. It has been acquired by Coalision, the Montreal-based company that owns Orage, Lolë and Paradox, ...
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Wintersteiger: new chief after a record year
Effective June 1, Reiner Thalacker will be the chief executive of Wintersteiger, the Austrian machine construction and ski service company. The position of chief executive is new. Previously, the company has been led by three top managers: Roland Greul, chief financial officer; Walter Aumayr in charge of technology and production; ...
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Bosco Sport is looking outside Russia
The Russian brand of sports lifestyle clothing opened its first store outside Russia and Ukraine at the end of March in the recently inaugurated Westfield Stratford City shopping center of London, the largest one of its kind in Europe. It is voluntarily placed next to the Olympic Park, where Bosco ...
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Nike will likely sponsor Brazil and Rio 2016
The rumor that the Swoosh is going to sponsor the Brazilian Olympic Confederation (BOC) as well as the organizing committee of the 2016 Olympic Games in Rio de Janeiro has been going on in Brazilian industry circles since our recent trip to the country last January, in preparation for a ...
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Vulcabras reports its first loss in nine years
Vulcabras' gross operating revenues plunged by 20.5 percent to 1,864.1 million Brazilian reais (€772.2m-$1,010m) in 2011, with a 24.8 percent drop in the fourth quarter. With the Olympikus and Reebok brands, the sporting goods market represented 71.1 percent of the group's revenues, and its athletic footwear sales dipped by 21.7 ...
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Alpargatas claims market share gains
Alpargatas is investing heavily in its two in-house sports brands, Rainha and Topper, while strongly developing its sales of Mizuno and Timberland, for which it has the distribution in Brazil. The Brazilian company has also extended its deal with Mizuno to Argentina, as it raised its control over the Argentinian ...
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Surprising resignations at Adidas in India
The two leading executives of the Adidas Group in India were suddenly replaced at the start of this month. Subhinder Singh Prem, group managing director in India, and Vishnu Bhagat, chief operating officer, both left the company. Claus Heckerott, a Canadian who has been vice president of finance for the ...
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Casall unfurls multi-year plan for U.S. market
Casall, the Swedish fitness company, is starting afresh in the U.S. market, with a distributor that will begin by focusing on online sales. Casall has sealed a deal for this purpose with Bayer Distributors, a company based in Toledo and run by Morgan Bayer, who already headed less-organized efforts to ...
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Dick’s invests in JJB Sports
Dick's Sporting Goods, the world's third-largest sporting goods retailer after Oxylane and Foot Locker, has agreed to invest at least £20 million (€24.1m-$31.8m) in JJB Sports, in an investment and financial package that could see Dick's end up with a majority stake in the beleaguered British sports retailer. If ...
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Décathlon’s parent sees slower growth
Oxylane, the French company that owns Décathlon and other sporting goods retail operations, reported an 8.8 percent increase in its turnover to €6.5 billion for 2011. The group's overall growth slowed down by 1.1 percentage points compared with the previous year. On a comparable store basis, its growth fell to ...
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Décathlon has reached a mature stage in Germany
Décathlon is going through a major development in Germany, justifying a dedicated distribution center for the country. Located in Schwetzingen, not too far from the French border, the first module of the €40 million warehouse is set to go on stream with a surface of 30,000 square meters one year ...
