Latest Headlines – Page 441
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Brand And Management Reshuffling In The Baltics
Having completed the acquisition of the distribution of the Adidas brand in the Baltic countries, the Adidas Group has appointed a new executive, Raina Loka, as manager of the Reebok brand in the region. Retailers in the Baltic countries previously bought different kinds of Reebok products from its sales offices ...
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Easton-bell Sees First Benefits Of Acquisition
Easton-Bell Sports’ operating income climbed by 17.4 percent to $35,141,000 in the year ended last Dec. 30, on the back of a rise in sales of 68.2 percent to $638.9 million. The company reported a net loss of $5,852,000, as compared to a gain of $3,082,000 in the prior year. ...
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Nike Is Improving In Europe
The USA is no longer the star in Nike’s income statement. The #1 sports brand in the world is looking at a potential turnaround in Europe as the region, which includes the Middle East and Africa, delivered sales increases of 15 percent in dollars and 6 percent in local currencies ...
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Eag Reshuffles Its Retail Portfolio
Eybl Experts AG (EAG), the leading sporting goods retailer in Austria, is transforming its 13 Intersport XL outlets into Intersport Eybl stores. What sounds like a simple change of labels is in fact a major step forward in order to go back to the company’s roots. So far, EAG has ...
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Shareholders Are Frustrated As Rossi Predicts A Big Drop In Orders
Many snow sports companies watched their business melt at the retail level during the recent warm winter. In particular urban sporting goods stores in Europe and the USA, whose customers have seen very little snow during the past few months, if any, are stuck with lots of unsold skis, and ...
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The Battle For Football Rights Widens
While Adidas and Nike continue their fight for the rights to the German national football team, Puma is joining their competition for the rights to the team of South Korea, which are up for grabs as of Jan. 1, 2008. Adidas currently has the most influence in the region of ...
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Airesis Sells F2
Airesis has confirmed the sale of the F2 brand of surfboards held by its subsidiary Boards & More. The contract was signed with Gerhard Pascher, an Austrian industrialists involved in metalworking. He will work together with Reinhard Hofbauer, the Austrian-based executive who built up the Flow brand before selling it ...
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Globetrotter Reports 25% Growth
The big German specialized outdoor retailer reached sales of €150 million in the fiscal year ended last Feb. 28, or about 25 percent more than the year. The brick-and-mortar business contributed 54 percent of the turnover. Mail order and internet sales reached a level of €69 million, about 77 percent ...
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Mammut Grows Strongly
Sales at Mammut Sports Group went up by 13.6 percent to 164.7 million Swiss francs (€101.8m-$133.5m) in 2006, with the Mammut brand strengthening its market position. The rise was attributed to stronger sales in most markets, with especially dynamic performances in Austria, Eastern Europe and the Far East.The net revenues ...
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Oberalp Plans To Move Into Special New Headquarters In Bolzano
The company, which owns Salewa, Dynafit and Silvretta, and represents many foreign brands in Italy, has asked eight studios in Italy, Austria, Switzerland and France to present their ideas for a new head office that will accommodate the company’s expanded staff of 150 people in 2009.Somewhat like the planned new ...
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Rapala Opens A Russian Factory
The Finnish group started to assemble some of its lures at a new factory in Russia last month, adding to its facilities in Finland, Estonia and China. In one of its numerous and frequent strategic moves, it has also opened a distribution company in South Korea. Earlier in the year ...
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Foot Locker May Want To Buy Genesco
Rumors persist that Foot Locker could be gearing up to make a bid for Genesco, a Tennessee-based retail group that owns the Journeys and Hat World chains, among others. Industry estimates put the hypothetical purchase price at more than $1.01 billion, and one reported estimate said the price could reach ...
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Profitable Li-ning Blankets China With Its Stores
China’s leading sportswear and footwear company plans to open a total of 497 corporate and franchised stores in its home country this year, after adding 960 of them during 2006, particularly in second- and third-tier cities. As of last Dec. 31, Li-Ning had 3,860 franchised stores, an increase of 29 ...
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Ispo China In Beijing Was A Success
Staged for the first time in Beijing, closer to the mountains than its previous venue in Shanghai, the ISPO China trade show last week registered a total of 12,059 visitors, up from 11,098 at the former location one year ago. The business atmosphere was effervescent during the first two days ...
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Blacks Retrenches
The British outdoor retailer is taking drastic measures to improve its performance after a tough year. Blacks Leisure Group will shutter scores of loss-making stores, halt investments in large out-of-town stores and fully review its operations to bring more adequate product ranges to the market, while tightening cost controls. ...
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With Europe Slow, Foot Locker Focuses On Footquarters Project
Foot Locker’s net income for the fiscal year ended Feb. 3, 2007, fell to $251 million from $264 million on sales that grew by 1.7 percent to $5,750 million. The year included an extra week, and on a comparable basis net income fell to $233 million, while net turnover was ...
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Adidas Is Confident After A Strong Year, In Spite Of Falling Orders
After a whopping year for the Adidas and TaylorMade brands, company executives are seeking to dispel concerns about sagging orders in Europe and the USA. They are displaying considerable optimism about the recovery of Reebok, in spite of the pummeling it suffered last year, and predicting a strong pick-up in ...
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Umbro Improves Earnings By 15.7%
Umbro International is taking or contemplating new initiatives to consolidate its business in the difficult UK market and in the rest of the world. The company’s three main strategic goals are to be at least #3 in on-field football in every market where it operates, to grow its branded business ...
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Rossignol Drags Down Quiksilver’S Guidance
As Rossignol’s business continued to slope downwards in Quiksilver’s 1st quarter, ended Jan. 31, the group has decided to adjust once again its guidance downward for its 2007 fiscal year, calling now for sales of $2.46 billion instead of the previously predicted $2.5 billion, and for net earnings of $68.5 ...
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Warm Weather Has Not Hit K2yet
Slushy slopes around the world will probably push down K2’s ski business by a projected 15 percent in 2007, the management says, stressing however that the company is not being hit from the warm weather as hard as some of its winter sports peers. It actually finished the last year ...
