News Briefs – Page 590
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News briefs
Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
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Skechers has signed a new credit agreement with various banks,...
Skechers has signed a new credit agreement with various banks, replacing the one it had negotiated in 2009. It covers revolving loans of up to $250 million, or even $350 million, with relatively marginal interest rates. It allows Skechers to pay dividends to its shareholders and to buy back shares ...
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News briefs
Thierry Lavigne, a 46-year-old sporting goods retailer who operates five...
Thierry Lavigne, a 46-year-old sporting goods retailer who operates five stores in the region of Bordeaux, has been elected as the new president of the cooperative of independents affiliated with Sport 2000 in France, replacing Yannick Morat. He will work with Christophe Mostaert, the new general manager appointed by Activa ...
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News briefs
Vincent Wauters, president of Arc'teryx, has been appointed head of...
Vincent Wauters, president of Arc'teryx, has been appointed head of the apparel business unit for the whole Amer Sports group, taking the place of Jean-Philippe Torgue, who has not been active for several months. Wauters will have a similar function as Jean-Marc Pambet, president of the Salomon brand, who is ...
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News briefs
Nike has appointed Chris Abston as vice president and corporate...
Nike has appointed Chris Abston as vice president and corporate controller, to become the company's principal accounting officer from the start of August. Abston joins from Wal-Mart Stores, where he held top accounting and controlling jobs for the last six years, after 25 years in public accounting with Ernst & ...
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News briefs
Under Armour has hired Terdema L. Ussery II as president...
Under Armour has hired Terdema L. Ussery II as president of global sports categories, effective September 14. Prior to joining the Baltimore-based sports apparel company, Ussery served as the president and chief executive of the Dallas Mavericks, a professional basketball team based in Dallas, Texas, for the past 18 years. ...
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News briefs
Burton Snowboard has promoted Chris Patsch to the position of...
Burton Snowboard has promoted Chris Patsch to the position of European marketing manager for its Burton and Anon brands, reporting to the company's European chief, Hermann Kapferer. He first joined Burton in 2010 as marketing coordinator for The Program.
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News briefs
Dahon, the leading brand of folding bicycles based in the...
Dahon, the leading brand of folding bicycles based in the U.S., has established Dahon Europe in Cologne. The subsidiary will be run by the managing director Hans-Joachim Retzlaff, who has been in the bicycle industry for many years. He started in 1997 as marketing manager at Cycleurope and since 2003 ...
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News briefs
Shimano and Kryptonite, the creator of the U-lock for bicycles,...
Shimano and Kryptonite, the creator of the U-lock for bicycles, have signed an agreement for the distribution of Kryptonite bicycle products in a select group of European countries through the sales offices of Shimano Europe. The deal, effective Sept. 1, will cover France, Belgium, the Netherlands, Luxembourg, Denmark, Finland, Sweden ...
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News briefs
After 19 years of collaboration, Zeis Excelsa will stop distributing...
After 19 years of collaboration, Zeis Excelsa will stop distributing Merrell in Italy after the end of this year. By then, it will also have closed or converted its six Merrell stores in Italy. The new Italian distributor of the brand will be a company called Premiere Distribution. More on ...
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News briefs
Decathlon is continuing its Swedish initiative with a new store...
Decathlon is continuing its Swedish initiative with a new store that will be opened in 2016 in the suburbs of Stockholm. Decathlon entered the Swedish market in 2011 with its first store in Stockholm. In 2013, it opened store number two with a product ranged adapted to the Swedish market. ...
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News briefs
GoPro has reported on another big jump of 71.7 percent...
GoPro has reported on another big jump of 71.7 percent to $414.9 million in its revenues during the second quarter ended June 30. Sales outside the U.S. represented more than 50 percent of the total turnover during the quarter, as combined sales in Europe, the Middle East and Africa (EMEA) ...
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News briefs
Yue Yuen Industrial, the leading footwear maker, reports that its...
Yue Yuen Industrial, the leading footwear maker, reports that its consolidated operating revenue for June 2015 amounted to $752,391, which was an increase of 4.7 percent compared with the same month last year. For the first six months of the year, this revenue reached $4,248.2 million, up by 7.4 percent ...
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News briefs
Pou Sheng International, the big Chinese sports retailer, told investors...
Pou Sheng International, the big Chinese sports retailer, told investors that it should achieve a net profit for the first half of the year, as compared with a net loss of about $2.59 million for the same six months last year. The company returned to profit in the third quarter ...
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News briefs
361 Degrees, the Chinese sportswear brand, reports that the comparable...
361 Degrees, the Chinese sportswear brand, reports that the comparable store sales of its franchisees advanced by 7.2 percent for the second quarter of this year, with an average retail discount of 28 percent and channel inventory of four months. This is based on the performance of 3,707 stores out ...
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News briefs
Great Britain remains easily the largest market for football replica...
Great Britain remains easily the largest market for football replica shirts in Europe with annual sales of around £250 million, according to the NPD Group's consumer data. The country retains the lead despite soaring sales in Germany, where the size of the replica market roughly doubled last year on the ...
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News briefs
The consumption of bicycles and bike-related products grew in Spain...
The consumption of bicycles and bike-related products grew in Spain by 6.6 percent in 2014 to a value of €1,354 million, according to a study commissioned to Sport Panel by Ambe, the Spanish bike industry association. Sales to all retail channels grew by 8.1 percent to €549 million, with multi-sport ...
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News briefs
The Italian bike market recovered last year. After a drop...
The Italian bike market recovered last year. After a drop suffered in 2013, sales of bicycles to the various retail channels increased by 6.4 percent to 1,644,600 units in 2014, thanks apparently to an improving economy and greater participation in the sport. Sales of e-bikes were stagnant at 51,156, in ...
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News briefs
John Jansen, who runs Keen Footwear's European operations, was voted...
John Jansen, who runs Keen Footwear's European operations, was voted in as the new president of the European Outdoor Group (EOG) at the OutDoor show in Friedrichshafen last week, taking the place of Rolf Schmid, president of the Mammut Sports Group. The EOG will also have a new vice president, ...
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News briefs
The board of Snow Sports Industries of America (SIA) appointed...
The board of Snow Sports Industries of America (SIA) appointed Nick Sargent as its next president, taking the place of David Ingemie after next January's SIA show in Denver, Colorado. Sargent has spent 12 years at Burton Snowboards, cultivating relationships with big companies such as 3M, Fox Sports, Garmin and ...
