Latest Headlines – Page 434
-
Article
Vf Continues To Reports Strong Sales
The American group’s net income for the 2nd quarter, ended June 30, fell to $81,662,000 from $99,032,000 in the year-ago period, mainly due to the discontinued intimate apparel business. Otherwise VF Corporation reported solid results, with net revenues up by 12 percent to $1,517.4 million, driven by strong sales in ...
-
Article
Outdoor Group Consistently Carries Wolverine World Wide
The Michigan-based footwear group’s outdoor business was not the sole driver behind its 5.0 percent rise in revenues to $250.3 million for the 2nd quarter ended June 16, but it continues to be the largest one. The segment, which includes the Merrell, Sebago and Patagonia footwear brands, grew by high ...
-
Article
Rip Curl Sets Up Its Own Offices In Scandinavia And Switzerland
While setting up new concept shops all over Europe and eyeing a stock market introduction at some future stage, a highly profitable Rip Curl Europe is taking over the distribution in Switzerland and in the Scandinavian countries. Its sales in Switzerland will be run by Hervé Wagneur, brand manager with ...
-
Article
Trespass Sets Up Sales Offices In France And Germany
Trespass is taking over control of its business in France and Germany, which were its two largest export markets until Russia’s takeoff over the last years. In France, the fast-growing Scottish outdoor apparel brand put an end last month to a long-term partnership with its general agent for the ...
-
Article
Röhnisch Names An Export Manager
Röhnisch has appointed René Högstedt, former footwear and apparel buyer at Gresvig, in the new position of export manager. He had joined the leading Swedish fitness brand one year ago as a general manager of its Norwegian subsidiary. Currently the brand is only distributed across Scandinavia, in the Germanic ...
-
Article
Greek Bodytalk Expands Abroad
Bodytalk, the leading Greek brand of fitness and leisure apparel, has sealed a raft of international deals as it deploys its distribution across Europe. After a sales increase of more than 19 percent to about €8.1 million in 2006, it has embarked on a regional roll-out that should strongly accelerate ...
-
Article
Casall Signs New Foreign Deals
Casall, the Swedish fitness brand, has set up a joint venture in the UK with its former distributor in the country, UK Red. David Osmond, owner of UK Red, has a stake of 9 percent in the Casall subsidiary, while the rest is in the hands of the Swedish company. ...
-
Article
Inline Skates Are In A Recovery Mode
The global market for inline skates is stabilizing or recovering after a strong and steady decline since around 2003, and some of the remaining major brands remaining are gaining market shares following the retreat of Salomon, which was selling about 250,000 pairs a year. Officials of Rollerblade, Roces and Fila’s ...
-
Article
Lotto Opens In Hong Kong
On June 23, Lotto officially opened its first store in Hong Kong, a small door on a street corner in Mong Kok, which is said to be the most crowded neighborhood on earth. In Hong Kong, where Lotto has long been found in multi-brand locations, it is hoped that HK$7-8 ...
-
Article
Munich Fair Will Stick To A Summer Session
The new-format Ispo Sport & Style attracted a total of about 17,500 visitors coming through its turnstiles, down from 19,000 a year ago. The biggest drop occurred with non-German visitors as their ratio declined from 60 to 49 percent of the total. There were, however, many retailers and distributors from ...
-
Article
The European Sports Goods Market Grew By 2.3% In 2006
Our exclusive annual study of the European sporting goods retail market shows that it increased by 2.3 percent in the 14 major Western European markets in 2006, reaching a level of €43.6 billion after VAT for the year. The growth rate was broadly in line with the hesitating forward trend ...
-
Article
Intersport Danmark Will Change Ownership, Raising Questions About The Whole Intersport Group
Confirming press reports, Intersport Danmark says its 44 shareholders have approved in principle an offer for the acquisition of the Danish cooperative and all its 85 affiliated stores, triggering a due diligence process that will probably last 4-5 more months. Only 4 percent of the shareholders, representing a few stores ...
-
Article
Lifestyle Sports May Enter A New Market
Ireland’s largest sporting goods retailer is negotiating the possible acquisition of a company in one of the fast-growing emerging markets that have recently joined the European Union. Company officials would not name a company or a country but indicated that it’s not Sportland International, the large and fast-growing retailer and ...
-
Article
Twinner Enters The Belgian Market
Bernard Ariet, a Belgian sporting goods retailer who was buying the products for its three Sport Look stores through Twinner France, has adopted the Twinner brand name and got a license to franchise it throughout Belgium and Luxembourg, creating a new market for this alternative retail brand. Born in ...
-
Article
Base: Will Have Its Own Stores
The 141 retail members of Base Detallsport, one of Spain’s two major national buying groups, recently approved an equity increase of €1,250,000 that raised its share capital to about €2.1 million, more than three times the year-ago level of €600,000. They had already raised more equity last November, and further ...
-
Article
Cisalfa Enters A New Phase Of Growth
Cisalfa Sport has acquired Sporting House, a small chain of three stores in Sardinia, which are being renamed as Cisalfa. The Italian retailer, which recently went under new ownership, is planning to open no less than 25 new Cisalfa stores and one Longoni Sport store next September. Excluding ...
-
Article
Mike Ashley Is Set To Acquire Everlast
Sports Direct International, the British sports retail and wholesale conglomerate floated by Mike Ashley on the London Stock Exchange last February, appears to have gained the upper hand in a bidding battle for Everlast Worldwide, after lifting its offer for the well-known American boxing brand to $33 per share, valuing ...
-
Article
Decathlon Brings Bike Production Partially In-house, Replacing Smoke With Cycling
Décathlon will begin to assemble bicycles at a new factory of its own in France as part of a €35 million investment aimed at boosting its European leadership in this category under its new private b’Twin label. The leading European sporting goods retailer will continue to get some types of ...
-
Article
Amer Sports Undergoes Some Structural Management Changes
Amer Sports has made some organizational changes, creating a “Winter & Outdoor” division and shifting its management functions. The new division is a combination of the Salomon, Atomic, Mavic, Arc’teryx and Bonfire units. It will be led by Kari Kauniskangas, a Finnish veteran of the group who is currently its ...
-
Article
Helly Hansen Has A Dual Management Structure For The Moment
Following the planned departure of Jan Valdmaa, the former chief executive who was brought in from Adidas in 2001 to turn the company around, Helly Hansen is for the moment without a single general manager. This should change by the Fall, as the company is said to have an external ...
