Latest Headlines – Page 388
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Accell Group Expands Reach In Scandinavia
Accell Group NV, which generated 44 percent of its nearly $595 million in bike sales in the fiscal year 2008 in the Netherlands, has expanded its reach in the Scandinavian bicycle and bike parts market with the acquisition of Raul Hellberg Oy of Finland and affiliated companies. The purchase price ...
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K2 Executive Gets Top Sales Post At Rossignol
Groupe Rossignol has announced the creation of two new top management positions to help implement its ambitious recovery strategy, bringing in two experienced executives from outside. They will both work closely with Bruno Cercley, president and chief executive of the French group, who is taking on direct responsibility for human ...
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New Appointments At Agu
Two managers have been appointed to the board of AGU Holding, a leading Dutch sports supplier and wholesaler, as its chairman is preparing to hand over his responsibilities. AGU is the holding company above four firms – AGU BV, Hesling Products, Jacobsons and Van Megen Sports Group – that deal ...
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Fedas And Fesi Want To Work More Closely
Describing it as a “long-term vision,” Claude Benoit, the Swiss secretary general of the European shoe retailers’ federation (Fedas), sees producers and retailers of sporting goods working together in a single association at the European level at some point in the future because of they are sharing more and more ...
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Otto And Metro Circle Over Karstadt’S Bankrupt Businesses
Yesterday, Arcandor filed for bankruptcy at a court in Essen, Northrhine-Westphalia. The holding company announced that its subsidiaries Karstadt Warenhaus, Primondo (which is the head of the group’s mail-order operations) and Quelle are also seeking protection under the German bankruptcy code. Arcandor’s move excludes the group’s profitable tourist operations under ...
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Intersport Outperforms The European Market
Intersport clearly outperformed the market in 2008 as its affiliated retailers raised their total sales by 4.2 percent to €8.9 billion. About 3.2 percentage points of the growth could be attributed to the addition of new stores, so the organic growth of the Intersport network came down to about 1 ...
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Jd Fashion Trumps Sports
JD Sports Fashion, the British retailer, continues to turn in positive figures, in contrast with its major competitors and with the general economy. In the eight weeks ended on May 30, its comparable store sales grew by 1.7 percent. In its sports division the rise was 1.2 percent, while the ...
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Boardsports Continue To Depress Blacks
The sales of Blacks Leisure Group fell by 9.1 percent to reach £267.6 million (€310.5m-$435.6m) for the fiscal year ended Feb. 28. The loss for the year was £14.4 million (€16.7m-$23.4m), compared with a loss of £9.3 million in the previous year, but that includes impairment, lease and restructuring charges ...
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Quiksilver Should Stay As It Is
After exploring the possibility of divesting its fast-growing DC brand of skate shoes, or perhaps Roxy, the Quiksilver group has decided against these options after obtaining new financing. Although the group has yet to complete its negotiations with its French bank partners to reschedule a June 30 deadline for repayment ...
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Babolat Defies The Market
Babolat remains optimistic in spite of the economic crisis and the defeat of its star player, Rafael Nadal, in the Roland-Garros tennis tournament just finished. The French company became the biggest supplier of premium tennis racquets in Europe last year, according to Sports Marketing Surveys, and its sales are expected ...
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Lotto Improves And Prepares A New Technology
The victory at Roland-Garros of Robin Soderling, who is sponsored by Lotto, against Rafael Nadal obviously pleased the Italian company. The final financial results show that Lotto Sport Italia’s direct and wholesale-equivalent sales increased by 4 percent in 2008, reaching €311 million, which was a little better than previously expected ...
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Lafuma Expects Better Margins, After A Big Loss
The recently recapitalized Lafuma Group reported a net loss of €3.2 million for the first half of its financial year, through March 31, worse than its loss of €0.7 million in the same period of the previous year. However, operating charges and capital investments are being reduced as part of ...
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Dutch Buying Groups Treat Buying Members Differently
Euretco Sport has split up its organization in a “formulesector” (formula segment) and a “sector dienstverlening” (service segment) in order to suit the different requirements of the retailers of this Dutch buying group. From now on the retail members affiliated with the Sport 2000 franchised and non-franchised format and with ...
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Sports And Fashion Get Closer Together In Italy At The Agent’S Level
Numerous Italian retailers carry both sports and fashion products, and regional commission agents play a key role in the Italian sporting goods market, as outlined in an extensive country report that we plan to put out in a few weeks’ time. These two patterns are illustrated by the establishment of ...
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New Ski Concept For Non-ski Brands
Imagine the logos of Audi, Easy-Jet or some other major brand printed in a big format on a pair of skis as a form of advertising. A group of five French entrepreneurs and former ski champions has launched this idea with the cooperation of Atomic, which has agreed to turn ...
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Eu Backs Urban Bike Mobility Efforts
The European Commission has announced its decision to appoint a European Bicycle Officer, sitting in its General Directorate for Energy and Transport to coordinate bicycle policies throughout the European Union., responding to the requests of Colibi and other bike-related interest groups. It did so at this year’s edition of ...
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Swedish Market Growth Slowed Down In 2008 But 2009 Started Out Strong
The latest statistics indicate that Swedish sporting goods retailers saw their sales increase by 10 percent in March and 9.1 percent in April, resulting in total growth of 7.7 percent for the first four months of 2009. It did not go as well as that in 2008, but much better ...
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Jd Sports Fashion Buys Chausport
In an interesting foray outside the turbulent U.K. market, the British sports and fashion retailer has agreed to acquire Chausport, a French retailer of athletic footwear with 78 stores in premium urban and shopping mall locations, with a strong presence in the northern part of the country. JD Sports Fashion ...
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Big Drops In Jjb Sport’S Sales And No Turnaround Until The Year-end
Blaming depleted inventories of products due to its financial difficulties, negative publicity and the weakened economy, JJB Sports reported in an interim statement a drop of 23.3 percent in its sales on a comparable basis for the 16-week period that ended on May 17, with a decline of 23.3 percent ...
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New Management Changes At Jjb
One of the key individuals who were appointed by JJB Sports to help guide it through its latest ordeal is stepping down, effective May 31. Peter Williams, the former chief executive of Selfridges who joined the company in December and was named executive director in January, is leaving his position ...
