Latest Headlines – Page 361
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The Casual Shoe Market Was Flat In 2009
Sales of branded casual footwear were rather stable in terms of local currencies at the wholesale level in 2009, in spite of the economic crisis, according to an annual survey by Shoe Intelligence and Sporting Goods Intelligence. Translated into U.S. dollars, the international currency that we have been using every ...
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Royer’S Tie-up With New Balance Triggers A Reorganization
As reported in a previous issue, the big and acquisitive Groupe Royer of France has signed a deal to take over the distribution of New Balance in France, Germany and the Benelux countries, where the American athletic footwear brand has been running its own subsidiaries. Most of the 50-odd employees ...
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Golfino Announces Management Changes
After the appointment of Stefan Rönn as managing director of the probable market leader of golf wear in Europe in July, Golfino has more major changes in its staff to announce: Christine Garaïalde has been named new director for Golfino’s wholesale business for all of southern Europe, which is France, ...
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Converse Executive Picked For New Saucony Slot
Saucony has lured Chris Lindner away from his position as vice president for global marketing at Converse to be its senior vice president/chief marketing officer, a newly created post. He will report to Richie Woodworth, Saucony’s president. Lindner started with Converse in 2007 in the new position of ...
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Lacoste Picks New Creative Director And New Eyewear Licensee
Effective Sept. 1, Felipe Oliveira Baptista became the new creative director for the Lacoste brand, taking the place of Christophe Lemaire who has been with Lacoste for ten years and is moving to Hermès International. Oliveira Baptista will oversee an expanded design studio and his first collection will be presented ...
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All Quiksilver Brands Suffer In Europe
Sales dropped by 12 percent to $441.5 million at the Quiksilver group for the third quarter ended July 31. Net income skyrocketed, however, jumping by 534 percent to $8.3 million. This year’s results included $2.6 million in asset impairment and $1.8 million in restructuring charges. The quarterly gross margin rose ...
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Revenues Slump Worldwide For Billabong
The boost expected from its purchase of West 49, which has been finally approved (see following article), is good news to Billabong International as it comes off a financial year, ended last June 30, when its sales fell by 11 percent to 1.48 billion Australian dollars (€1.07bn-$1.36bn). Net income declined ...
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Billabong’S Purchase Of West 49 Is A Go, And New Target Is In Sight
More than 99.9 percent of shareholders in West 49, the Canadian surf and skate retailer, have voted to approve the company’s sale to Aurora, a wholly owned subsidiary of Billabong International. The price was C$1.30 (€0.98-$1.25) per share cash, or an estimated $86 million. A court approved the sale on ...
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Li Ning Expects A Great Second Half
Li Ning, the Chinese athletic company, had a sales increase of 11 percent to 4.5 billion renminbi (€519.9m-$661.1m) for the first half ended June 30. Net income jumped by 23 percent to RMB 581.6 million (€67.2m-$85.4m). The gross margin improved by just 0.1 percentage point to 47.9 percent, and the ...
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China Dongxiang Plans Expansion
Revenues for the first half of the year grew by 15 percent to 2.15 billion renminbi (€248.4m-$315.9m) at the Chinese sports apparel company, and net income rose by 9 percent to RMB 786.0 million (€90.8m-$115.5m). The gross margin ticked up by 0.4 percentage points to 62.6 percent. At the end ...
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Indian Giant Nearly Sextuples Annual Profit
The fourth quarter and full year ended on June 30 for Pantaloon Retail, India’s largest listed retailer, and both saw good growth in sales and profits. For the three-month period, a 50 percent sales increase to 2,493.7 crore (€420.5m-$534.7m) translated to a huge 170 percent gain in net profit to ...
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Bottom Lines Soar At Airesis
The Swiss company has reported financial results, including those for its subsidiaries Le Coq Sportif and Boards & More. For the six-month period through June 30, Le Coq Sportif had a 13 percent increase in total revenues to €40.4 million, and the gross profit margin climbed by 5 percentage points ...
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Medatletic Buys Skimeter
Skimeter is an innovative French company that markets Docmeter, a brand of protective equipment for various sports including skiing, snowboarding, biking and skating. It also has patents on other products including the Air System, which customizes a helmet through a combination of internal airbags. Another innovative product by Skimeter is ...
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Angel Des Montagnes Joins Innovaski
While looking for new investment opportunities in the ski, golf and tennis sectors, ADM Créations, a new French holding company run by Bernard Liatti, plans to introduce a range of elegant and comfortable pullovers, caps and other after-ski products under the Angel des Montagnes brand name at February’s Winter Ispo ...
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Norway’S Xxl Sport Is Setting Sail For Sweden Under Eqt’S Ownership
Swedish suppliers and retailers are awaiting with some trepidation the arrival of XXL Sport, the Norwegian operator of mega-sized sports stores, which is set to open three locations in Sweden by the end of the year. The plans call for two openings in Stockholm and one in Gothenburg.The first one ...
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Foot Locker Earns More
Despite a 0.3 percent downtick in sales to $1,096 million in the second quarter ended July 31, Foot Locker managed to record $6 million in net income, compared with a break-even result last year. Comparable store sales rose by 2.5 percent, or by 1.3 percent on a currency-neutral basis. The ...
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Toko Glides From Mammut To Swix
Effective Sept. 1, Swix Sport is acquiring the entire operations of Toko from Mammut Sports Group. Technically speaking, the two ski wax brands will be merged under the helm of a newly created company, Toko-Swix Sport AG, which will be a 100 percent subsidiary of the Norwegian vendor. Swix takes ...
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Indian Supplier Takes Over Switcher
Switcher, the Swiss sports, outdoor and casual apparel company known for its use of sustainable products, is now controlled at 51 percent by PremDurai Exports Private, an Indian company that has been an original manufacturer of Switcher products for around 25 years and that has held the Indian retail license ...
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Implus Acquires European Distributor
Implus Footcare, a major American supplier of footwear accessories, has acquired its European master distributor, Eurosphere/Anticipation. The move is intended to expand the group’s presence in European outdoor and sporting goods stores, similar to its situation in the U.S. and the U.K., which represent more than 85 percent of its ...
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Li & Fung Makes More Acquisitions As The Economy Improves Its Results
While announcing excellent financial results, Li & Fung announced two big purchases. The big Chinese trading company is buying an American footwear company, Jimlar Corporation, and plans to buy a Hong Kong logistics firm, Integrated Distribution Services (IDS). In the first half of this year, Li & Fung’s turnover ...
