Latest Headlines – Page 382
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The Global Sports Apparel Market Is Driven By Emerging Markets
The global wholesale turnover for athletic apparel rose by 4.2 percent in dollars in 2008 to $62.5 billion over the prior year, aided by a 6 percent increase in the value of the euro against the dollar and led by spectacular growth in China prior to the Olympics. The annual ...
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Jamaican Track Star Might Ditch Puma
Usain Bolt, the Jamaican track and field star and world record holder in the 100- and 200-meters and a Beijing Games’ gold medalist, is said to be weighing a new endorsement offer from an unidentified Chinese firm that could earn him at least $115 million over five years. Bolt's suitor ...
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Quik Is Not Doing Too Bad In Europe
Denying reports in the French press, Pierre Agnès, who runs Quiksilver’s European operations, says there are no plans to reduce the company’s personnel or the number of company stores in the continent, where it is performing relatively well in spite of the general economic situation. European sales should be ...
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Jarden’S Ski Business Will Fall, But Not As Bad As Industry
Executives of Jarden Corporation, the parent company of K2, told attendees at the Barclays Capital investor conference in Boston that its ski business will be down by less than 20 percent for the year, better than what’s expected from the sector as a whole. Saying it has the only ski ...
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Furrer Buys Wild Roses
Gregor Furrer & Partner Holding has bought Wild Roses, the Swiss women’s-focused outdoor apparel brand, from an Italian company, CDA, for an undisclosed price. Gregor Furrer & Partner Holding, a Swiss company that serves as an exclusive distributor for a number of key brands in Switzerland, will present its first ...
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Diadora Deal May Be Completed In November
Diadora’s debt settlement process with its creditors is due to start on Oct. 20, after the bankruptcy court in Treviso picks the final candidate for the acquisition of its key assets, and it could be completed toward the end of November. A majority of the creditors approved a preliminary deal ...
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The Two Big German Rivals Give Peace A Chance (For One Day)
Both companies have realized that competition can make them stronger internationally, positioning themselves differently in the world market. Their managers have apparently reached a stage where they can feel cool about it all, taking one day off to engage in a more leisurely game that symbolizes a new era. ...
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Peak Performance Shines In Ic Companys’ Results
The extension of Peak Performance’s golf range has contributed to the Swedish brand’s robust sales rise for the financial year ended on June 30, up by 5 percent to 941 million Danish kroner (€126.4m-$187.0m), as reported by its Danish owner, IC Companys. Underlying growth was even more impressive, reaching about ...
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Italy’S New Bike Incentives Start Sept. 25
The Italian government’s new incentive plan to boost the purchase of bicycles and e-bikes started on Sept. 25 and will last for as long as the €7.7 million funds are available. Another €5.1 million in incentives is destined for the purchase of motorbikes, but the introduction of those aids ...
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Sporting Goods Garner Web Traffic In France
Out of the 46 percent of French internet users who buy clothes or accessories online, around 12 percent buy sporting goods, according to a survey by Médiamétrie/Net Ratings, an independent company in France’s audiovisual sector. The survey was carried out from December 2008 to May 2009. Décathlon, which launched online ...
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Is The Worst Over In The European Market?
In the last issue, which carried our annual chart of the European sporting goods retail market, we announced that it fell by 3.1 percent in terms of euros in 2008, remaining largely flat in terms of local currencies, after many years of steady growth. For the subscribers to the printed ...
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Jjb And Sports Direct Are Suspected Of Price Fixing
The U.K.’s Serious Fraud Office (SFO) is looking into suspicions that JJB Sports and Sports Direct fixed prices while Chris Ronnie ran JJB. The Office of Fair Trading (OFT) has been investigating the possibility of price-fixing and fraud by these two major British sporting goods retailers since January, and it ...
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Sports Direct Revises Guidance After Good Numbers
Sports Direct had a promising first quarter, with revenues growing by 10 percent to £375 million (€426.8m-$619.7m) and net profit increasing by 4.7 percent to £157 million (€178.7m-$259.5m) for the period ended July 26. As a result, it has raised its full-year guidance, now forecasting earnings before interest, ...
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The Real Estate Crisis Prevents Sport Zone From Entering Turkey
The sporting goods market situation continues to be pretty bad in Portugal. Sport Zone, the country’s biggest sporting goods retail chain, is trying to fight back. It is also going ahead with the opening of new stores at home and abroad, but this program is being hampered by another serious ...
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Declining Results For El Corte Ingles
El Corte Inglés, which still is the second-largest sporting goods retailer in Spain, has reported a 47 percent drop in the group’s net profit to €382 million for the financial year ended last February, due in part to more aggressive pricing strategies and to record investments. The operating profit before ...
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Diadora May Reach A Deal With Creditors Next Wednesday
Diadora’s liquidators are expected to reach a settlement with the company’s creditors about their claims on the company’s debt of more than €70 million during a court hearing in Treviso on Sept. 16. Most of the banks and other creditors have already informally approved the deal, which would open the ...
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Quik Made A Little Profit In The Quarter But It Won’T Last
Turnover at Quiksilver fell by 11.2 percent to $501.4 million in the third quarter ended July 31; this was a 5 percent decrease at constant currencies. Operating income (Ebit) fell to $22.6 millon from $52.7 million in the same period a year ago. Income from continuing operations plunged by 88.8 ...
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Amer Plans New Share Issue, May Sell Mavic
Amer Sports Corporation is undertaking a share offering to raise about €150 million through an underwritten discounted issue of new ordinary shares with pre-emptive rights for existing shareholders. The proceeds will be used to strengthen the business and improve flexibility. Shareholders will vote on the offering at a ...
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Helly Hansen Has Big Plans
Helly Hansen plans to speed up the growth of its network of corporate stores. It previously expected to add 10-15 doors net in the next four to five years, but that timeline has been pushed up to the next two to three years. Last year, the stores directly owned by ...
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Peak Sport Goes Public In An Expanding Chinese Market
The sportswear market in China is expected to grow by 18 percent per year until it reaches 149.1 billion yuan (€15.1bn-$21.9bn) in 2013. This estimate, formulated by ZOU Marketing of Shanghai, was included in a report by Credit Suisse Group on Peak Sport Products, a Chinese sportswear maker and distributor ...
