Latest Headlines – Page 439
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Adidas Shows Progress With Reebok
Adidas assuaged the worst fears about the integration of Reebok International by confirming that the American company had ended the first quarter of this year with a small increase in its order backlog. Including Reebok CCM Hockey and other operations, the Reebok group’s sales declined for the three opening months ...
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Splendind Growth For Adidas In Russia
The stupendous growth of the Russian sports market was highlighted at a recent presentation in Moscow by Martin Shankland, managing director of Adidas for Russia and the CIS countries, which are apparently on track to generate sales of $1 billion for the Adidas group as a whole by 2009, and ...
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Metro Moves Forward In Eastern Europe, Uses Sports Brands For Its Image
The German retail group posted a 7.5 percent sales increase last year to €59,882 million, marking the strongest growth since 1998. The growth rate was 6.6 percent excluding acquisitions. It was driven by the steady expansion of its cash & carry business, especially in Eastern Europe and Asia where Metro ...
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Germany’S Bsi Association Has A New President, Management And Board...
GERMANY’S BSI ASSOCIATION HAS A NEW PRESIDENT, MANAGEMENT AND BOARD Members of the German sporting goods manufacturers’ association, BSI (Bundesverband der Deutschen Sportartikel-Industrie), elected new people into key positions at its annual meeting in Leipzig last week. The new chairman is Desirée Derin-Holzapfel, managing partner of Friedola Gebr. Holzapfel ...
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Nike Distributor May Get A New Investor
Elmec Sport, a leading Greek sports retailer and wholesaler that is responsible for the distribution of Nike in Romania and Bulgaria, confirms that it has been in advanced talks with Laskaridis, a Greek shipping company, to sell part of its shares. While Elmec is listed on the Athens stock exchange, ...
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Chinese Belle Group Goes Public
Belle International Holdings is not only the largest retailer of women’s footwear in China. According to one source, this big company based in Shenzhen controls up to one-third of the booming Chinese retail market for sports footwear by running hundreds of stores trading under the names of Adidas, Nike, Reebok, ...
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Lotto Continues To Expand Outside Italy
Lotto’s aggregate turnover grew by 8 percent to €277 million in 2006, following a year of investments into the product research and development sector, sales development and acquisitions. The figure includes licensees sales of €71 million, out of which €8 million are related to stationary and other non-core products. Only ...
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K-swiss Had A Rough Quarter
K-Swiss has brought in several new staff people in product design and management to combat the “weak” acceptance of the brand in the domestic U.S. market, where its sales fell by 40.1 percent in the 1st quarter to $61.4 million. A 27.8 percent increase in U.S. sales under the Royal ...
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K2 Acquisition Faces A Legal Hurdle
The first bump in the road for the planned acquisition of K2 by Jarden Corporation is a class-action lawsuit filed by the Steamfitters Local 449 Pension and Retirement Security Fund of Pittsburgh against K2 and its board of directors. The lawsuit, filed in San Diego Superior Court, alleges that K2 ...
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Columbia Sportswear Reports Increases Everywhere But Canada
Columbia Sportswear’s net sales grew by 11.3 percent to an all-time high of $289.6 million in the 1st quarter, and they were up by 9.6 percent in constant currencies. The growth was attributed to higher shipments of Columbia branded sportswear in the USA and Europe, as well as other markets ...
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Le Coq Hires U.S. Manager
Le Coq Sportif, the French sports brand, has hired two high-profile sports executives to head up a newly-established North American subsidiary, based in Portland. As a general manager of Le Coq USA the company has appointed Tim McCool, who comes with 25 years of experience at Nike, Reebok and Adidas. ...
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Zo-on Moves Into Retail
The Icelandic outerwear brand Zo-On intends to open two brand stores in Reykjavík. One will be launched before the start of the winter season in the Kringlan shopping mall and will have a net surface of around 100 square meters. The other is to be located in the downtown zone ...
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Eu Raises The Stakes For Mail Order Retailing
It has been lately a general trend in Brussels and Strasbourg to act rather in favor of the consumers than of retailers, suppliers and other partners within the supply chain. The latest example of this is a Green Paper, issued by the European Commission (COM (2006) 744 final), that proposes ...
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Coleman Parent Buys K2 And Pure Fishing
Yesterday Jarden Corporation announced a definitive merger agreement through which it will acquire K2 in a transaction valued at $1.2 billion in cash and shares, including the assumption or repayment of debt. Under the terms of the agreement, the parent company of Coleman and Campingaz will pay $10.85 per share ...
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Foot Locker Makes An Offer For Genesco, But May Have To Put More On The Table
After launching Footquarters, a new non-athletic shoe store format, in the USA, the Foot Locker group is offering to buy Genesco, a large American footwear wholesaler and retailer who has been very successful in the young fashion market with Journeys. However, on Apr. 23 Genesco’s board of directors unanimously ...
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Jjb Is Confident But Not Ecstatic Over Its 2007 Results
JJB Sports is no longer the biggest sporting goods retailer in the UK, but it has seemingly turned the corner after a long, slow bend of weakening margins, largely due to the price competition from Sports Direct/Sports World. The competition eased somewhat before JJB’s financial year ended last Jan. 28, ...
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Blacks Antagonizes Suppliers
Several weighty suppliers are terminating their relationships with Blacks Leisure, apparently due to some tightened purchasing conditions that the British outdoor retailer sought to impose earlier this year in an effort to redress its sagging margins. Mountain Boot Co., the British distributor for Deuter backpacks and Scarpa climbing shoes, ...
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Stadium Acquires New Dimensions
Stadium is waist deep in a 4-step process that it says will take it to “the next level.” The most recent step – the third one – was the opening last Friday of its first store under the Stadium Golf banner, located on the premises of the former Edins Golf ...
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New Wave Buys Cutter & Buck
For $156.5 million in cash, Cutter & Buck has been acquired by New Wave Group, the publicly-traded Swedish group whose assets include the Craft, Kosta Boda and Seger brands. The resulting synergies will give New Wave better coverage of the U.S. market, while providing the group with an upper-tier golf ...
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Amer’S Winter Sports Sales Melt In Warm Weather
Poor snow conditions across most of Europe claimed another victim as Finland’s Amer Sports group revealed that its winter sports equipment sales had roughly halved during the first quarter. Since winter sports sales are usually small in the first quarter, the impact of this hit remains limited. However, on the ...
