Latest Headlines – Page 325
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Another seasoned executive makes waves in licensed apparel
Sports licensed apparel, which is not the same thing as team replicas, has been a big business in the U.S. for many years, but it is a relatively novel concept in Europe. Andrew Ronnie, a 43-year-old former executive of Ellesse who turned Diadora into a big success in the U.K., ...
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Callaway aims for a return to profits after a disappointing 2011
Callaway's president and chief executive, Tony Thornley, expects to book a profit in 2012 after posting “very disappointing” financial results in 2011. The improvement will be driven by product launches, a stronger marketing effort and cost savings. The coming months will also be marked by the expected appointment of a ...
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Under Armour to hire international chief
Under Armour finished last year with a buoyant quarter, lifting its sales by 33.9 percent to $403.1 million, with increases in all product categories. The rise was again driven by North America, where the brand's sales inflated by 35.3 percent, while they increased by 16.3 percent to just $26 million ...
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High Fidelity at Bread & Butter in Berlin
After celebrating its 10th anniversary last year in July with a “Supershow,” the Bread & Butter trade show once again exceeded the expectations of the international textile industry. Under the motto “High Fidelity,” the B&B show was organized for the sixth time on the historic grounds of Berlin's Tempelhof airport. ...
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Intersport feels it can rebound from a challenging 2011
According to preliminary data, the 5,000-plus stores affiliated with Intersport around the world suffered a decline in their retail sales of 2 percent in 2011 to €9.9 billion, including sales taxes, as compared to the record level of €10.1 billion achieved in 2010. On a same-store basis, the decline was ...
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JD buys Blacks, reports good figures
In its usual preliminary report on Christmas sales, JD Sports Fashion reported a 2.3 percent increase on a same-store basis for its sports stores in the U.K. and Ireland during the five weeks ended Jan. 7, whereas its fashion stores saw a decline of 0.7 percent. The British retailer's total ...
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Sports Direct will likely acquire Hot Tuna
As a small consolation for its failure to take over Blacks Leisure Group, Sports Direct International appears to be the favorite candidate for the acquisition of Hot Tuna, a British brand of surf and surf-inspired clothing that has gone through rough times in recent years, according to the British press. ...
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Poor year-end for the French Go Sport group
The French sports retail group is putting most of the blame on unfavorable weather conditions in France and Poland for a 6.0 percent decline in its sales to €170.9 million during the fourth quarter of 2011, with a drop of 4.8 percent on the basis of comparable stores and exchange ...
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Swix Sports puts on Lundhags and walks into outdoor
Swix Sport, the Norwegian sports company that markets the Swix, Ulvang, Bavac and Toko brands, has agreed to acquire Lundhags Skomakarna, the Swedish manufacturer of rugged footwear and other outdoor gear, from the EQT Opportunity Fund. The deal will be effective by mid-February. According to Swix there will be no ...
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Adidas manager becomes boss of Peak Performance
Effective May 1, Henrik Bunge will be the new chief executive of Peak Performance. The 38-year-old currently acts as the managing director of Adidas Group Nordic. Adidas has yet to name a successor to Bunge. The appointment of Bunge at Peak Performance came after the Swedish brand recruited Tobias Sachs ...
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Peak’s parent issues a profit warning
Meanwhile, IC Companys has issued a profit warning after being hit by warm weather and poor consumer confidence. The company reported flat sales and a decline of nearly 45 percent in its operating profit for the first half of its fiscal year, until the end of December. In a conference ...
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A bullish Adidas weighs new acquisitions
The Adidas Group may continue to make small acquisitions like last year's $25 million takeover of Five Ten, but it is unlikely to engage in share buybacks or in large takeovers this year, according to Börsen-Zeitung, a German newspaper that quoted Robin Stalker, chief financial officer. This may lead the ...
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Warrior Sports replaces Adidas as Liverpool’s sponsor
Warrior Sports, the team-sports subsidiary of the New Balance group, will replace Adidas as the new official supplier of the Liverpool football club in England for the next six years. The contract will take effect from June 1 and will see Warrior developing Liverpool's uniforms and training clothing. The U.S. ...
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Continued strong progress for Bauer
The leading Canadian-based hockey company claims that it is gaining further market share as it reports a 26.6 percent increase in revenues to US$100.3 million for the second quarter ended last Nov. 30. Bauer Performance Sports attributes its continued strong momentum to a series of innovative products, such as its ...
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Kjus appoints new execs; improves its handicap
LK International AG, the marketer of the Kjus brand, is about to shuffle its management in various positions: Timo Regier, the new head of global sales who joined the company from Callaway Golf last July, has been promoted to the executive board. Marc Biver, member of the supervisory board, is ...
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Intersport Eybl starts to offer Seven Summits outside Austria
Intersport Eybl, the large Austrian sports retail chain, has big ambitions for its private label of outdoor and winter sports products, Seven Summits. It has announced plans to sell the brand outside its home market through distribution partners in other countries. Officially, the company said that it would be interested ...
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Wolverine’s growth softens
Wolverine World Wide expects to report sales increases of 5.7 percent for the fourth quarter and 12.8 percent for the full financial year. Net profit for the year will thus end up at the low end of the management's previous guidance on total sales of around $1,409 million.Europe, the Middle ...
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Gore-Tex shuffles its product categories
Gore-Tex is revising the nomenclature of its range of apparel laminates to make it as easy as possible for consumers to understand the uses of the company's various products. Therefore, Gore has decided to cancel former sub-brands such as Paclite, Soft Shell, Pro Shell and Performance Shell. These terms will ...
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Johnson targets rapid expansion in gym equipment
Johnson Health Tech, the Taiwanese fitness company, has set itself a target of tripling the sales of its commercial fitness equipment range over the five-year period until 2015, as gyms are diversifying and the company is widening its product range, with some interesting novelties in the pipeline.The target is based ...
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Vuarnet wants to be back in sports
While launching the first store under its name in Europe, Vuarnet, the French brand of winter sports apparel and sunglasses, wants to return to the sportswear market and to open stores around the continent in the coming years.The company that runs Vuarnet licenses is based in Switzerland and is managed ...
