Latest Headlines – Page 343
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New action sports fairs in China
With a potential for 400 million customers, the young fashion scene is a huge market that is attracting several players, including trade show organizers. Coupled with the tremendous economic growth of the country, the government's one-family/one-child policy has created a new generation of youngsters with reasonable purchasing power and a ...
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Ispo breaks down attendance figures
Coinciding with the release of the second part of our International Calendar of Sporting Goods Show, joined with this issue, Messe München has agreed to share with us with the following chart, which maps out the number of daily visits at the latest Ispo show in Munich for the major ...
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Brazilian outdoor and running shows come together
Held at different venues in São Paulo and at different dates over the past three years, the two big consumer-oriented trade shows are going to be held jointly and simultaneously on Aug. 11-14 in the centrally located Ibirapuera Park of the Brazilian city, where many locals stroll, run, bike and ...
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Puma probes mass fainting
Puma is investigating the almost simultaneous fainting in the early hours of last Saturday and Sunday of 101 workers at a Cambodian factory that makes footwear for the brand, according to just-style. The workers, from the Heuy Chuen manufacturing plant, were sent to the hospital for intravenous feeding after being ...
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Décathlon’s parent grows by 9.9%
Oxylane, the French group that owns Décathlon and other less known sporting goods retail chains, accelerated the number of new store openings in 2010. Combined with a 1.9 percent sales increase on a comparable store basis, down from a same-store increase of 4 percent in 2009, this allowed the group ...
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Intersport UK approaches critical mass with DW deal
DW Sports, the British chain of 60 sporting goods stores and fitness clubs set up a few years ago by JJB Sports' founder, David Whelan, has decided to join the Intersport network starting on April 1, after a series of discussions that have taken some time. Described as a perfect ...
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Swiss Intersport launches Budget Sport
Budget Sport is the low-cost store concept of Intersport, offering the lowest possible prices on branded products and private-label items with a minimum of store personnel. Successfully launched four years ago and subsequently fine-tuned by Intersport's Finnish licensee, Kesko (see following story), it has now been adopted by its Swiss ...
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Budget Sport’s Finnish owner looks at Russia
Kesko, the large parent company of Intersport Finland and Budget Sport, says in its recently released annual report that it is investigating opportunities for expansion into Russia in the sporting goods sector as well as in other areas that it covers in Finland, such as food retailing and the sale ...
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German Intersport wants peace with former president
The heat was on shortly before the regular general assembly of Intersport Deutschland, held on March 21 at the buying group's headquarters in Heilbronn. Under the leadership of Kaufhaus Schwager, a store from a smaller town in Lower Saxony, more than 50 members of the cooperative called for an amendment ...
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Second round of CVAs goes through for JJB
The creditors and shareholders of JJB Sports have given their support to the Brfitish retailer's latest proposal for company voluntary arrangements, its second in two years. The CVAs, which got the required backing of more than 75 percent of the landlords concerned, 96 percent of the company's unsecured creditors as ...
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Foot Locker will invest more in Europe
Foot Locker saw its comparable store sales increase by mid-single digits in Europe in the 4th quarter ended last Jan. 19, generating an operating profit margin of just over 10 percent. European stores registered very strong increases in apparel, but there were also solid increases in men's and children's footwear. ...
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EU removes shoe anti-dumping duties
The European Commission has finally confirmed that its anti-dumping duties on leather shoes from China and Vietnam will not be renewed after March 31, posting a notice in its official journal on March 16. Without requesting an import registration or licensing scheme, the Commission also confirmed the establishment of a ...
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Somnio will not close down in Europe
A recent press release on Somnio, the U.S. specialty brand of footwear with adjustable mid-soles that won the Runner's World Ispo Award at the latest Ispo fair, confused not only the trade press, but Somnio, too. Sent out by its German PR agency, the press release said that the brand ...
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ON is running fast
This new Swiss-based brand of running shoes, which came out as the overall winner of the Ispo BrandNew Awards in February 2010, is going to be sold in 300 specialist a premium sporting goods stores in 16 countries this spring, and the number of doors is expected to rise to ...
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Karhu teams up with Rono
Karhu, the Finnish brand specializing in running shoes, has teamed up with Run and Style, the owner of the Rono brand of running apparel, to explore the German market. This is part of the European deployment of the brand, which was also introduced in the Netherlands and Italy in the ...
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Vulcabras plans share issue to invest in an Asian factory
After a small dip in 2009, Vulcabras, the big, fast-growing Brazilian shoe company that markets brands such as Azaleia, Olympikus and Reebok, is working on a possible public offering on the stock exchange to help finance the establishment of a factory in a yet-unnamed Asian country other than China. The ...
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Topper and Mizuno lift Alpargatas’ sales
In spite of Vulcabras' higher growth rate, Alpargatas remained the biggest shoe company in Brazil and in Latin America last year with gross revenues of 2,623.8 million reais (€1,127.0m-$1,581.4m), up by 15.8 percent from 2009. Net sales rose by 16.2 percent to R$ 2,239.1 million (€961.7m-$1,349.5m), driven by higher average ...
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Li Ning’s sales growth is driven by apparel
Li Ning Company booked a 13.0 percent increase in full-year revenues to RMB 9.48 billion (€1.0m-$1.4m) thanks to a 15.6 percent rise in apparel sales to RMB 4.54 billion (€490.3m-$692.1m). Sales growth of the key Li-Ning brand, which represents 92.1 percent of group revenues, was roughly in line with the ...
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China Dongxiang is lifted by Kappa shoes
China Dongxiang increased 2010 full-year sales by 7.3 percent to RMB 4.26 billion (€460.1m-$649.4m), underpinned by a 15.8 percent rise in Kappa footwear. Shoe sales were lifted by the introduction of new products, such as lightweight running shoes and casual footwear, and an increase in the retail network. The Kappa ...
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Anta raises prices
Anta's full-year revenues rose by 26.1 percent to RMB 7.41 billion (€800.2m-$1,129.6m) lifted by an increase in the average selling price of products and the expansion of its retail network. The company expects steady economic growth and rising wages to continue supporting growth for the sportswear industry. The Chinese company ...
