Latest Headlines – Page 430
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Eu Will Likely Drop Restrictions On Chinese Textile Imports
The office of European Trade Commissioner Peter Mandelson has reportedly informed the Italian government that he does not consider likely the extension of the European Union’s current restrictions on the import of Chinese textiles and apparel and that existing quotas will be lifted as planned next Jan 1. Introduced ...
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Sports Direct Gives Few Figures, Makes More Investments
Sports Direct International (SDI), the British sports retail and wholesale conglomerate, infuriated analysts with yet another set of opaque figures. Coupled with a rather bleak profit warning by JJB Sports a few days later, the relative lack of transparency caused a further decline in the company’s share price on the ...
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Jjb Sends Out A Profit Warning
JJB Sports saw its own share price take a 16 percent dive after a warning to investors ahead of a formal release of its results the 26 weeks to July 29, but the stock gained a couple of percentage points soon after, settling around £1.72 a share. The company’s statement ...
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Umbro Tries To Offset Big Drop In The Uk
Umbro suffered a big hit during the first half ended July 1 in the UK, where its England jerseys are not selling as well as before. The sell-through of England replica jerseys was disappointing during the critical summer months, and while the current order book shows that licensed licensed apparel ...
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Quik Reports Low Margins And Good Orders For Rossi, Which May Be Sold
Officials of the Quiksilver group decline to comment on a report by Frédéric Tain’s sport-guide.com that Jean-François Gautier, chief executive of Rossignol since July 2005, and at least two other candidates have made offers to take over various assets of its Rossignol subsidiary, whose poor results have led to a ...
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Puma's New Parent Raises Profits Sharply
Jochen Zeitz, chief executive of Puma, was appointed from the beginning of September as a member of the executive committee of PPR and as a non-voting member of its supervisory board, following the French retail and luxury conglomerate’s acquisition of a 62.1 percent stake in the company. Outlining ...
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Mammut Buys Out Own Goods From Supermarkets With The Help Of Clients
In an unusual action, Mammut Sports Group has asked its retail customers to re-purchase its own climbing products (helmets, harnesses etc.) from Interspar, the Austrian food chain. According to Mammut, the items had made their way into the Austrian supermarkets and hypermarkets served by Interspar from third countries. Mammut asked ...
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Canterbury Launches New Technology
Canterbury of New Zealand has formally launched a new base layer concept for team sports, said be “revolutionary,” in conjunction with the Rugby World Cup in France. Called IonX, it is described by the rugbywear brand as the third generation of its BaseLayer line of garments. It will be worn ...
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H2 Enters The Rugby Market With The World Cup
H2, a new French rugby brand, is the official supplier of the Georgian and Canadian teams in the current Rugby World Cup. It may have a hard time in its home market depending on the results of a scheduled match between the Georgian and the Swoosh-equipped French team that may ...
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Serving Grassroots, Kukri Expects 50% Growth This Year
This private U.K.-based apparel brand anticipates a turnover of £12 million (€17.5m-$24.4m) for this year, sharply up from £8 million in 2006. It’s not a bad score for a company that didn’t exist nine years ago. Kukri manufactures for 52 sports, but its explicit goal is to lead the world ...
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Australia’S Skins Broadens Its Attack On Europe
Skins, an Australian brand of compression garments that broke through in the British market with striking marketing tactics last year, is preparing similar moves in several European countries in September. The brand’s managers believe it should reach sales of at least €40 million across Europe within three years, targeting independent ...
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Fila Signs New Licenses
Acting through Fila Luxembourg, which holds the rights to the brand, the group’s new Korean-based owners have signed two important territorial licensing deals in the last few days in Latin America and in Asia. DASS Group of Brazil, a shoe manufacturer with 10 factories in the country, has become the ...
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Li-ning’S Revenues Rise By 39%
The company’s turnover went up by 39.2 percent to 1.91 billion renminbi (€183.7m-$255.0m) and its net profit increased 52.6 percent to CNY198.3 million (€19.1m-$26.5m) for the six months ended June 30. Sales of Li-Ning branded products rose by 37.5 percent to CNY1.88 billion (€180.7m-$251.1m). Revenues under the licensed ...
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Anta Triples Sales
Anta Sports Products, which claims a 3.2 percent share of the Chinese sports footwear and apparel market; is yet another big Chinese producer/wholesaler/retailer involved in the sporting goods market that went public recently, in the wake of Belle International and other such companies. Anta says its turnover jumped by 203 ...
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Heelys Launches Clothing While Its Shoes Get Adverse Publicity
This hot American brand of wheeled shoes is suffering from a sudden drop in demand in the U.S. market following reports of injuries caused by wearing its footwear and claims by some leading retail chain that the brands is over-distributed. U.S. retailers have reportedly been sitting on large inventories of ...
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Women’S Market Drives Ronhill
The British running brand achieved a whopping sales increase of more than 20 percent last year, as its investments in the fast-growing women’s running market have begun to pay off. Although it only introduced its women’s ranges 5 years ago, Ronhill is fast catching up with Nike and Adidas in ...
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Orange 21 Expands Sales As Well As Losses
Orange 21, parent company of Spy Optics, is negotiating the acquisition of No Fear stores in theUSA. The company has reported increased sales and widened losses for the three months and the six months ended June 2007. Losses for the 3-month period ended June 30 totaled $1.5 million, up from ...
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The Global Sports Goods Market Increased By 4% In 2006
World consumption of sporting goods grew by 4 percent to US$256 billion in 2006, according to NPD Group’s first annual update of a report first commissioned by the World Federation of the Sporting Goods Industry. Specifically, retail sales of sports apparel grew by 6 percent to $113 billion (after sales ...
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The Branded Sports Apparel Market Sees Steady Growth
The top sports brands are evidently gaining market shares – more so in footwear than in apparel. NPD’s estimate of a 3 percent increase for the athletic footwear market at large in 2006 differs in fact from the data of our annual report on the branded athletic footwear market. The ...
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Brown Shoe Market Grew By 12% In 2006
The lifestyle casual footwear market made a big jump in 2006, growing by 14.4 percent globally, by 16.2 percent in the USA and by 13.6 percent in the rest of the world. The weaker dollar was only partly responsible for this score. Crocs, which we featured in this chart for ...
