Latest Headlines – Page 435
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New Deal For Patrick In Europe
Cortina, a large Belgian footwear trading company with good sourcing and logistic capabilities, is moving further into the branded shoe business with the acquisition of a 50 percent stake in Patrick Holding, in cash and through a capital increase. Jørgen Nielsen, a Danish investor who is also involved in other ...
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Canterbury Of New Zealand Is Moving Beyond Rugby
Canterbury of New Zealand has agreed to sponsor US Dax, a French rugby team that was recently promoted to the “Top 14” league, the top rugby league in France, for three seasons. The deal includes jerseys, protective gear, “base-layer” undergarments and off-field apparel, and marks the third club in the ...
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Chiemsee Sets Up New Stores
Chiemsee intends to open several new stores as part of its steady expansion, which saw its sales rise by about 7 percent for the financial year ended in November 2006 to just over €34 million. In Europe, the German surfing and snowboarding brand will double this year the number of ...
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‘A Perfect Storm’ Has Struck Timberland
Soft turnover in boots and children’s shoes were blamed for sales declines in almost every segment of the company’s business during its 1st quarter, ended March 30. Net revenues fell by 3.9 percent to $336.3 million for the period. The gross margin was off by 1.7 percentage point to 48.0 ...
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Columbia Sees New Synergies For Its Brands In Europe
Columbia Sportswear, which is gearing up to celebrate its 70th anniversary next year, will put all its brands for the first time under a single roof next December, except for Pacific Trail. Columbia’s large product range will be featured alongside Sorel boots, Montrail footwear and Mountain Hardwear apparel in a ...
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The Global Branded Sports Shoe Market Grew By 8.5% To $24.6 Billion In 2006
Of course, it all depends on the definition of the market. Adding Crocs and Skechers to its chart, mainly because they are also sold by sporting goods stores, the American edition of Sporting Goods Intelligence instead sees the 2006 branded sports shoe market rise by 10.0 percent to $26.1 billion. ...
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Nike Accelerates, Especially In Europe
The Nike group ended its financial year on May 31 with an impressive 12 percent increase in futures orders, including gains of 7 percent in the USA, 12.5 percent in Europe, 19 percent in the Asia/Pacific region and 15 percent in the Americas. Only 1 percentage point of the growth ...
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Luxottica Gobbles Up Oakley
The price of $29.30 being paid by Luxottica in the all-cash transaction announced last week values the Oakley group at $2.1 billion, representing a premium of 24 percent above its average stock market price of the last three months, or 30 percent over six months. It’s a long shot from ...
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Mike Ashley Seeks To Prevent Blacks’ Sale Of Freespirit
As reported in the last issue of SGI Europe (June 13), the board of directors of Blacks Leisure Group announced simultaneously last June 4 that Russell Hardy would step down as chief executive of the British retail company and that the future of its 49 Freespirit action sports stores was ...
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Taf Announces New Initiatives
The Athlete’s Foot will sport a new logo and a simplified new banner, TAF, on any new stores opened anywhere around the world from November onward. The initiative goes along with a new modular merchandising system, the launch of an exclusive line of sports apparel and increased support for the ...
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Maltese Nike Distributor Takes Urban Jungle Concept To The Rest Of Europe
After taking Nike to Nigeria, Libya and Algeria in the last few years, the brand’s exclusive distributor in Malta since 1988, Time International (Sport) Limited, is expanding rapidly into neighboring Italy with a very creative store franchising concept called Urban Jungle. This geographical diversification makes sense for Time International, which ...
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Sport Scheck Changes Management As It Improves, But Not In Its Stores
Sport Scheck has streamlined its top management, leaving in place only two of its former three managing directors. Achim Rövenich, who has been so far in charge of the German retailer’s brick-and-mortar stores, is leaving the country’s single largest integrated sporting goods retail chain to assume another function with its ...
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Intersport Germany Appoints Kim Martin Roether As President
The supervisory board of Intersport Deutschland scouted the market for an entire year to find an appropriate successor to Hartmut Fröhlich as president in charge of the group’s members and organization. Fröhlich will leave the Heilbronn headquarters at the end of the year according to his contract, which requires that ...
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John Larsen Becomes Wfsgi’S President
John Larsen, president emeritus of New Balance, will run the World Federation of the Sporting Goods Industry as of next week, representing the American zone as part of the statutory rotation between the Americas, Europe and Asia. He was nominated very recently for the post by SGMA International after several ...
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Ppr Delays Complete Takeover Of Puma But Appoints Board Members
Announcing that it now holds 33.2 percent of Puma’s shares, PPR Group said it was satisfied with the outcome of its tender offer, but gave the Wild Cat’s shareholders more time to sell their remaining shares at the same price of €330 per share. The previous deadline expired on June ...
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Adidas Runs Italy And Cyprus, Maybe More Countries, From Greece
Alain Brouhard, managing director of Adidas Greece, will assume additional responsibilities as managing director of Adidas Italia, starting in August, and his position is understood to be final. Umberto Pieraccioni, who became managing director of the Italian subsidiary in April 2003, will become general manager of Legabasket, the Italian national ...
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Questions Arise About An Extension Of The Eu Quotas On Chinese Textiles
The issue is coming to the fore at a time where the Chinese government is trying to slow down the growth in exports by reducing or eliminating sales tax refunds on these and some other exported manufactured products. The tax refund for is set to decline from 13 to 5 ...
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Numerous Novel Cases Of Counterfeiting Are Reported
FIFAS, the French sporting goods industry association, cries victory in a case it initiated last January against a network of dealers who have been selling fake sports shoes over the internet in France and some other countries, making hefty profits on sales which reached lately an estimated average level of ...
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Beijing Olympics Get Cloud Of Bad Publicity For Labor Law Violations
Four companies with factories in Southern China, contracted to produce items with the Olympic logo for the 2008 Games in Beijing, have been accused of violating national child labor laws and local minimum wage requirements by an alliance of global trade union and labor groups called PlayFair 2008. The four ...
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More Events At Ispo Sport & Style
The first Wearable Technologies Congress will be held on July 9 at the International Congress Center in Munich, coinciding with the next edition of ISPO Sport & Style, taking place on July 8-10 next door. This event will feature decision-makers and experts from the areas of retail sales, production and ...
