Latest Headlines – Page 374
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Under Armour Heads Into The Outdoors In Europe As It Has Done With Golf
Under Armour is to move into the European outdoor sector, starting with a trial in the U.K. The American sports brand is sealing an agreement with a specialized agency, as yet unnamed. This partner is meant to sell Under Armour apparel in British outdoor stores and then accompany its launch ...
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Elan’S Land Dispute Is Resolved; Holds Its Own In 2009
Elan, the Slovenian ski company, got rid of a persistent headache as it finally lifted uncertainties about ownership of the land where the firm is based. Robert Ferko, Elan’s chief executive, reached a settlement with bankers at the end of last year, which will enable the company to use this ...
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Dakine Takes Control Of Many European Operations Under Billabong
About 18 months after its acquisition by Billabong, DaKine has almost entirely rejiggered its European organization, regaining control of its own business in six of its largest European markets. The brand of action sports accessories is still run with a large degree of independence from Billabong and other group brands, ...
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Brunotti Takes On France And Belgium
Brunotti, the Dutch-based action sports brand, is expanding its international sales by moving into France and Belgium. The company has teamed up with two independent agents in France, who will work only for Brunotti and will receive financial support from the company to operate their business from Annecy. For Belgium, ...
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Last-minute Change Of Clothes For Bogner Olympians
Yet another ruckus has erupted around sports logos at the Winter Olympics, as Bogner was told only a few days before the opening of the current Games in Vancouver that its alpine ski racing suits ran afoul of the rules of the International Olympic Committee (IOC) on brand identification. ...
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Positive Market Figures On The Eve Of Ispo, Especially For Snow Sports
The mood is extremely upbeat among vendors and retailers as they get ready for a record Ispo show, the 40th in the Munich show’s history. With about 2,000 exhibitors, 83 percent of whom come from abroad, the exhibition surface has grown by 2 percent as compared to one year ago ...
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Lack Of Product Continues To Affect Jjb
JJB Sports reports that for the 52 weeks ended on Jan. 24 (one week before the end of its fiscal year), comparable store sales fell by 28 percent. However, the drop was 37 percent as of August, and just 21 percent in January. Total revenues for the 52 weeks fell ...
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Intersport Nederland Revamps Its Way Of Operating
Members of Intersport Nederland have almost unanimously approved far-reaching adjustments in their central organization and their retail strategy for the next years, aimed at increasing profitability and reaching a market share of about 25 percent by 2012 – compared with an estimated share of 19.5 percent for 2009. Intersport ...
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China Appeals To The Wto Against The European Anti-dumping Duties
Filing an eight-page legal complaint, the Chinese government yesterday announced its decision to request consultations with the World Trade Organization to challenge the process by which the European Union decided on Dec. 22 to extend its anti-dumping measures on leather shoes from China and Vietnam for 15 more months. It ...
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Basicnet Licenses Besson
BasicNet is the new licensee of Anzi Besson, the Italian line of high-end skiwear. It is also a 50-50 partner of one of the brand’s founders, Giuliano Besson, in a new company that owns the Anzi Besson brand name. Together, they are going to relaunch the skiwear line in selected ...
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Sport Alliance Represents Völkl Clothing In Italy
The Italian buying group has signed a five-year contract as exclusive distributor of Völkl’s sports clothing on the Italian market. The retail members of the group will carry the line exclusively in the areas where they trade, but Sport Alliance will try to sell it to other stores that don’t ...
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Amer Doubles Quarterly Profit On Lower Sales
Amer Sports had a 3 percent drop in sales to €482 million for the fourth quarter, but it reported a 106 jump in net income to €36.6 million. A strong winter sports market in Europe, as well as a currency-neutral 10 percent increase in fitness equipment, helped offset a poor ...
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Adidas Sets Its Sights On India, Sets Up A Susbsidiary In Vietnam
The Indian sports business is evolving at such a pace that Adidas has decided to turn India into its 18th major market reporting directly to its chief sales officer, Roland Auschel, with immediate effect. So far, the Adidas Group had integrated India into its Southeast Asia unit. Andreas ...
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Performance Sports Shoes Are The Only Category With Growth In France
Research by NPD on the French sports market shows that only one category of sports footwear and apparel purchases saw its sales increase for the 12 months ended in September 2009, namely products bought by adult consumers with the intention of practicing sports. The entire French sports footwear and ...
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Callaway Sees The Golf Market Recovering
For the fourth quarter ended Dec. 31, Callaway Golf had an 8.5 percent increase in sales to $185.9 million, a rise of 3 percent on a currency-neutral basis. However, it also posted a net loss of $15.6 million, compared with a loss of $3.2 million in 2008, and the gross ...
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Columbia Struggles In Europe
Columbia Sportswear returned to timid sales growth at the end of last year after several quarters of decline, but its European business continued to suffer badly, with a sales drop of 22.9 percent to $46.2 million for the quarter. The fall was even steeper in constant currencies, reaching about 28 ...
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Wolverine Will Push Merrell Strongly
The Wolverine World Wide group is preparing a marketing blast for Merrell in the coming year, to speed up the expansion of the outdoor brand. Merrell’s performance has attenuated the Wolverine group’s sales decline, and managers are banking on the outdoor brand to drive its recovery this year. In ...
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Boot Sales Power Timberland In Europe
The strong boot trend that has been prevailing in Europe in the last months has strongly benefited Timberland, which saw its sales rise by 17.1 percent to $128.4 million in Europe for the last quarter. This is equivalent to an increase of 8.3 percent in constant currencies.Growing sales of women’s ...
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Hi-tec Gets Big Boost From Outdoor
Surging sales of outdoor products in the West European markets drove a sales increase of about 10 percent in constant currencies for Hi-Tec last year, reaching the equivalent of about $250 million. Furthermore, the company’s earnings have rocketed, more than doubling last year on the back of far-reaching sourcing adjustments. ...
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Johnson Narrows Losses As Sales Rise
The new fiscal year opened with a 1 percent increase in sales for Johnson Outdoors, with revenues hitting $70.5 million for the first quarter ended Jan. 1, though it was largely because of favorable currencies. The company reported a loss from continuing operations of $4.2 million, but was is an ...
