Latest Headlines – Page 411
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Successful Launch For Our Outdoor Industry Compass
Our newest publication, The Outdoor Industry Compass, had a fantastic reception before, during and after the European OutDoor show held in Friedrichshafen last week. Many of the subscribers to SGI Europe signed up to receive it free of charge for the next six months as a supplement to the main ...
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U.S. Arbitrator Backs The Sgi Trademark
John Horan, publisher of the American edition of Sporting Goods Intelligence, won a complete victory a few days ago in a dispute against Formula4Media, a U.S. publishing company formed in 2005 that put out a controlled circulation magazine for the U.S. market, called SGI The Magazine and then renamed as ...
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Swer - A New Italian Buying Group For Sports Fashion
Catering to a growing demand for sports-inspired clothing and footwear in the local market, a group of Italian retailers has decided to launch a new buying and marketing group specializing in these kinds of products. Called Swer - a name related to the notion of sportswear retailer - the group ...
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Euro Family Adopts Two Joint Private Labels
Euro Family, an informal consortium of leading outdoor specialist retailers, has decided to adopt two joint private labels, replacing in due time some or all of their existing private brands. The partnership will enable them to reduce costs through economies of scale, working with fewer but stronger private brands that ...
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Mike Ashley Makes More Acquisitions
Sports Direct, the leading British sports retailer and brand owner, continues to add to its stable of brands and investments. Among the latest is Golddigga, a young fashion apparel brand for "urban women" that went into receivership in June. British press reports indicate that Sports Direct paid more than £500,000 ...
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Blacks Sees The Positive Effect Of Vacation-hungry Brits Staying In U.K.
Blacks Leisure told its shareholders last week that its outdoor retail sales dropped by 2.2 percent on a same-store basis in the 19 weeks ended on July 12, compared with a buoyant trading period at the same time last year. The British group’s total same-store sales fell by 5.4 percent ...
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Outdoor Market Growth Should Slow Down, Says Eog Study
The European outdoor market rose by 3.35 percent to €5.676 billion after VAT at the retail level in 2007, judging from an annual survey conducted for the European Outdoor Group (EOG), but the growth is expected to slow down this year, with a projected rise of just 2.48 percent for ...
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Sport 2000 Begins Expansion In Paris Region
Sport 2000 France has kicked off its retail expansion plans with the acquisition of five large stores outside Paris, all of them currently operating under the Shops Center banner. With a total surface of 7,000 square meters, the stores form the foundation of a network of company-owned stores that Sport ...
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Puma Grows By 11.2% In Quarter
Puma lifted its sales by 6.3 percent to €577 million in the second quarter ended June 30, with sharp sales increases across all categories, according to a preliminary statement by its controlling shareholder, PPR Group, which laid out its sales results for the period yesterday. On a comparable basis Puma’s ...
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Sheikh Takes Control Of Kneissl To Develop It As A Tourism Brand
Kneissl, the traditional Austrian ski brand, enjoys fresh capital from a potent new investor, the Sheikh Al Jaber. By increasing the company’s capital, Al Jaber now holds 60 percent in Kneissl. The remaining 40 percent stays with Fritz Unterberger, an Austrian businessman from the Western part of the country. ...
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Lacrosse Opens European Office, Reports Higher Profits
LaCrosse Footwear has created a subsidiary in Copenhagen, LaCrosse Europe, hoping to expand in the European market. It bought the operation for $3.2 million from its long-time distributor there, Gateway Footgear. The company was responsible for sales throughout Europe, but it has been successful mainly in Denmark with the colorful ...
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Diadora Takes Over The Distribution In Germany
Diadora is reshuffling the distribution in Germany. Since July 1, the Italian brand has been handling the distribution of non-cycling products directly, after a two-year period in which they were stocked and sold by Grofa Sport & Fashion, its long-time distributor for cycling shoes in the country. The sales agents ...
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Award To Tapie Over Adidas Sale Has Politicians Up In Arms
Outraged French politicians have called for a new parliamentary investigation after an arbitration committee awarded a whopping €285 million to Bernard Tapie, the former majority shareholder of Adidas, over the controversial sale of the company in 1993 to another Frenchman, Robert Louis-Dreyfus. The sum is to be forked out ...
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A Ruling Comes In Isl Legal Saga
In another long-expected ruling that brings back memories of old Adidas times, three former executives of ISL, the Swiss sports rights company set up by the late Horst Dassler that went bust in 2001, were convicted on relatively minor charges by a court in Zug, Switzerland, while three other former ...
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Giacomelli And Others Get Heavy Sentences
Emanuele Giacomelli, who ran the Italian Giacomelli Sport chain of sporting goods stores until its clamorous bankruptcy in 2003, has reportedly been sentenced to nine and a half years in jail on various fraud charges. A court in Rimini ordered him to pay back €400 million to the shareholders and ...
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Imf May Check Whether China’S Currency Is ‘Misaligned’
According to reports in Inside U.S.-China Trade and Inside U.S. Trade, the board of International Monetary Fund (IMF) is to begin evaluating whether China’s currency is fundamentally misaligned. The review is based on guidelines designed to prevent IMF members from valuing their currency in a manner that creates international instability ...
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The World Sports Apparel Market Grew By 4.7% In 2007
The global market for sports clothing inched up by 4.7 percent in dollar terms in 2007, reaching a wholesale value that SGI estimates at $59.8 billion, but the top 20 groups had growth of more than 10 percent, resulting in market share gains. They accounted for 45.6 percent of the ...
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Enervit Challenges Markets With A Mini-ipo
Enervit, the Italian group known for its sports energy products, challenged current turbulence on the financial markets and successfully launched a small initial public offering to raise funds for its internationalization. The price of the IPO values the company at €35.6 million and the stock will start trading on the ...
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Accell Raises Profit By 20%
In outlining its financial results for the first half ended June 30, which showed an 11 percent increase in total revenues to €306 million, Accell Group said the fitness segment, which represented 6 percent of the total amount, did not meet expectations. There was instead continued progress in the sale ...
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Swedish Running Specialist Wants To Double In Size
Löplabbet, a Swedish sporting goods retailer specializing in running, intends to double in size over the next two years, and is opening seven new stores in the country by the end of 2008, according to the magazine Sportfack. In order to widen its customer base, this high-end retailer is collaborating ...
