Latest Headlines – Page 419
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Basicnet Resumes Dividends After Turnaround
For the first time in eight years, BasicNet will pay a dividend to its shareholders on its 2007 results, set at €0.065 per share, crowning the turnaround of the company. It had last paid a dividend of €0.093 on July 10, 2000. Based on the final figures, the parent ...
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Mammut Performed Well In Spite Of Difficult Snow Conditions
Conzzeta Holding, parent group of Mammut Sports Group with its brands Mammut (outdoor equipment and apparel), Raichle (footwear) and Toko (ski waxes, snow care products and cross-country ski apparel), raised its sales by 18.3 percent to 1,507 million Swiss francs (€952.8m-$1,445m) in 2007. The biggest growth took place in Conzzeta’s ...
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Babolat Sees Doubling In Growth Rate
The French tennis specialist is running neck and neck with Prince for the #3 position in the global overall tennis market, including its well-known stringing machines and string; behind Wilson and Head. However, with 980,000 tennis racquets sold in the financial year ended last Aug. 30 around the world, and ...
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Heelys Sets Up Subsidiary In Belgium
Heelys, the footwear brand with a hidden wheel in the sole, is moving strongly into the European market. A new subsidiary of Heelys, Heeling Sports EMEA, based in Brussels, has been formally set up to cover the markets of Europe, the Middle East and Africa. The new company will be ...
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Rebound For The French Sporting Goods Market, Maybe Not For Long
The French sporting goods market grew by an estimated 2 percent in 2007, reaching €9,145 million after VAT, compared with the previous year’s flat rate. The figure includes about €1.4 billion worth of bicycles, whose sales rose by 5 percent with an increase of more than 10 percent in the ...
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The Austrian Market Recovers From A Bad 2006/07 Winter Season
The past winter selling season went better than the previous one in Austria, judging from the available figures, but the market has not yet returned to historical levels. From April to December 2007, Austrian retailers sold a total of 237.000 pairs of alpine skis, according to GfK – a decrease ...
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The Norwegian Market Grows By 13%
Helped by a strong Norwegian economy and the fact that sports remain very fashionable right now, leading Norwegian sporting goods retailers again delivered record results in the 2007 calendar year, according to a periodic estimate by Sportsbransjen, the Norwegian association of sporting goods vendors and retailers. Compared with ...
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The Russian Market Grows By 13.6%
The Russian sporting goods market grew by around 13.6 percent in 2007, down from a growth of 18.7 percent registered in 2006, according to a survey by the 8S marketing agency, which interviewed managers from 50 large companies in the Russian sporting goods market. The estimate, was reported by the ...
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the winter season has been satisfactory in swizterland
The Swiss sporting goods retailers association, ASMAS, predicted at the recent Swisspo trade show in Zurich that sales of all kinds of winter products would end up 20 percent higher than in the previous year for the 2007/08 selling season. Safe snow conditions at the end of 2007 and during ...
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More Musical Chairs At Reebok
The departure of Paul Harrington as Reebok’s chief executive last month has triggered more executive switches at the Adidas group in North America. Matt O’Toole, current president of Reebok North America, will take the place of chief marketing officer for the brand, with global responsibilities. Starting from the beginning ...
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Nike Delivers Nice Quarterly Results
Key words are China, football and the dollar exchange rate. They and ongoing efforts on the product and on the supply chain help to explain the 32 percent increase in net profit posted by the industry leader for the 3rd quarter ended Feb. 29, up to a level of $463.8 ...
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Blacks Finds A Hole In Its Finances, Launches New Concepts
Blacks Leisure, the leading British outdoor retailer, had to issue a profit warning after it discovered a hole of about £2 million (€2.6m-$4m) in the accounts of Sandcity, the Blacks-owned company that distributes and retails O’Neill in the UK. Darren Spurling, managing director of Sandcity and board member of Blacks ...
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Sports Direct Performs Better Than Other Ventures By Mike Ashley
Sports Direct International (SDI), the largest British sports retailer and a major brand owner, has reassured investors that it should reach predicted earnings for the full financial year ending on April 28, although its interim management statement for the latest quarter was characteristically unrevealing. The company stated only that sales ...
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Metro Says Good-bye To Kaufhof
Metro, Germany’s largest retail company and No. 4 on the global retail market, is determined to sell its department store business under the Kaufhof flag, even ruling out joint ventures with partners. Kaufhof is now definitely for sale with its 128 Galeria Kaufhof department stores (113 in Germany and 15 ...
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Major Merger In Swiss Sports Retailing
Universal-Sport, the largest franchisee of Intersport Switzerland with its eight stores, plus a Nike concept shop in Luasanne, has acquired two other Swiss retailers – Haueter Sport and the innovative retail concept Feel! Located in Münsingen, near Universal Sport’s head office in Bern, Haueter was mainly acquired to settle the ...
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Twinner Moves Closer To The Growing French Intersport Network
Twinner, the French buying and franchising group formerly known as Technicien du Sport, obtained court approval in Grenoble on March 4 to close down and liquidate its purchasing company, SED, which had debts of €3 million, including €1.2 million in social security fees owed to the state and €800,000 worth ...
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Adidas Forms Brazilian Joint Venture For Reebok
The Adidas Group is set to take over the distribution of Reebok products in Spain from its long-time distributor at the end of this year, but no formal announcement has yet been made on this or other similar moves being contemplated in other parts of the world. On the other ...
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Nike Addresses European Women
Nike is launching a new campaign aimed at female consumers aged 16 to 30 after results of research it sponsored earlier this year showed that a majority of young women in Europe feel that sport can improve self-esteem. Of 10,000 women contacted for the survey, half claimed to ...
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Arena Launches New High-tech Swimsuit And Changes Distribution
Presented on the eve of the European Swim Championships in Eindhoven at the beginning of last week, Arena’s new Powerskin R-evolution swimsuit won over 46.7 percent of the medals won in the tournament through the champions who were wearing it in the pool. The Italian-based company regards this as an ...
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Grivel’S Owners Acquire Rossignol’S Pole Production Plant In The Aosta Valley
The Gobbi family from Courmayeur, which owns Grivel, the Italian manufacturer of mountaineering equipment, has acquired Rossignol’s ski pole production unit in nearby Verrayes, formerly called Kerma. Grivel says that the Rossignol deal means an overall investment worth some €1.5 million for the 700-square-meter factory. The new company, called ...
