All Sporting Goods Intelligence articles in Volume 24, Issue 21-22
View all stories from this issue.
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Article
Team Sportia in trouble
Team Sportia is in financial trouble. Due to declining liquidity, the Swedish sporting goods retailer has been granted by a court the right to suspend payments to creditors, pending a corporate restructuring process.In its application for bankruptcy protection, Team Sportia said that it had suffered a loss of 27 million ...
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Article
Patagonia looks to promote sustainability in other sectors
Yvon Chouinard, founder and major owner of Patagonia, has announced the establishment a new holding company to invest in companies in five critical areas – clothing, food, water, energy and waste – in ways that will share the same ethical approach to the environment and the same mission statement as ...
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Short stops
Sportalm is looking for a new sales manager to replace...
Sportalm is looking for a new sales manager to replace Andreas Gotschke, who is set to leave as sales manager of the Austrian sports apparel company at the end of June
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News briefs
Markus Weinman will leave Lowa this summer to pursue other...
Markus Weinman will leave Lowa this summer to pursue other professional opportunities, after working for this German outdoor company owned by Tecnica Group for 21 years, most recently in charge of sales for Blizzard and other brands owned by Tecnica and distributed by Lowa in some of the German-speaking countries. ...
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Short stops
Wolverine Worldwide has promoted Karry Johnson to vice president of...
Wolverine Worldwide has promoted Karry Johnson to vice president of sales for the Wolverine brand
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Article
Stadium is not going to go public
Stadium, the leading Swedish sports retailing group, appears set to remain in private hands after Ulf and Bo Eklöf reaffirmed their partnership with Ikano, the holding company of the Kamprad family, which controls Ikea. The Eklöfs, the brothers who established Stadium, sold a stake of 25 percent to Ikano in ...
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Article
New quarterly record for Foot Locker
With its previously announced acquisition of Runners Point Group (RPG), Germany will become the biggest European market for Foot Locker after the deal is completed, overtaking Italy. While commenting on its splendid results for the first quarter ended May 4, Foot Locker's management said it will continue to operate multiple ...
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News briefs
Quiksilver has inaugurated its first store in Myanmar, the former...
Quiksilver has inaugurated its first store in Myanmar, the former Burma, which has recently opened up to the world after many years of isolation. The store was opened in partnership with Sein Wut Hmon Company Limited (SWH Asia) and is located in Kamayut Township, in the capital city of Rangoon, ...
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News briefs
A new French fair for racquet sports is planned to...
A new French fair for racquet sports is planned to be held for the first time in Lyon, the fief of Babolat, on Jan. 11-12, 2014, targeting the trade as well as consumer. It is led by a tennis coach, Philippe Tissier, who worked for Décathlon in the past. Marc ...
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News briefs
TaylorMade-Adidas has released a statement to distance itself from Sergio...
TaylorMade-Adidas has released a statement to distance itself from Sergio Garcia, in the wake of the racially tinged remark made by the Spanish golfer about his rival Tiger Woods. At the European Tour gala event on May 21, when asked if he would invite Woods over to his place, Garcia ...
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Article
Mizuno sees margins decrease
Mizuno raised its sales by 5.6 percent to a total of 163.65 billion yen (€1.2b-$1.6b) in the financial year ended March 31, but its operating earnings (Ebit) fell by 34.4 percent to ¥3,604 million (€27.4m-$35.7m), with declines in all the regions. The company blamed higher operating costs and higher purchasing ...
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News briefs
Nike is going to drop its sponsorship deal with the...
Nike is going to drop its sponsorship deal with the Livestrong Foundation, the charity organization started by cyclist Lance Armstrong, ending a nine-year relationship. The decision came in the wake of Armstrong's doping scandal, after a U.S. anti-doping agency stripped the cyclist of his Tour de France titles in light ...
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News briefs
Erima has established a new subsidiary for the Danish market,...
Erima has established a new subsidiary for the Danish market, targeting an annual turnover of €2 million within the next five years. It will be directly steered by the controlling shareholder of the German team sports apparel company, Wolfram Mannherz. He will work with Thomas Liebsch, responsible for sales and ...
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News briefs
The European Cyclists' Federation (ECF) and the International Sport and...
The European Cyclists' Federation (ECF) and the International Sport and Culture Association (ISCA) have announced that their partnership to promote the benefits of active lifestyle across Europe has been awarded a €1 million grant from the European Union budget. The grant is to be used for the upcoming Oct. 7-13 ...
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Article
Timberland outlines its CSR performance
Timberland has released data on its corporate social responsibility (CSR) performance in 2012, showcasing the company's ongoing commitment to sustainability through a wide range of actions. According to the report, 39 percent of the materials used in Timberland apparel in 2012 were derived from recycled, organic or renewable sources, up ...
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News briefs
El Corte Inglés, which is the largest department store group...
El Corte Inglés, which is the largest department store group in Europe and one of the largest retailers of sports products in Spain, has announced plans to restructure debts of about €5 billion with banks and various other financial institutions in Spain and abroad, taking advantage of the current low ...
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News briefs
Spy Optic continued to improve its results in the first...
Spy Optic continued to improve its results in the first quarter ended last March 31. Its net losses were reduced to $721,000 in the period from $2,608,000 in the same quarter a year ago, while sales increased by 10.6 percent to $9,008,000. They now consist almost exclusively of Spy branded ...
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News briefs
IC Companys, the Danish-based parent company of Peak Performance, is...
IC Companys, the Danish-based parent company of Peak Performance, is to sell its Jackpot and Cottonfield brands to the Danish Coop, one of country's leading consumer goods retailers. The move is part of a process of simplifying its business model, in line with the corporate strategy it had previously announced. ...
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News briefs
PPR, the French-based parent company of Puma and Volcom, is...
PPR, the French-based parent company of Puma and Volcom, is now listed on the Euronext stock exchange as KER. The company's annual shareholders meeting on June 18 is set to change the company's name to Kering.
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News briefs
Peter Jørgensen, who runs a Danish distribution company, Sports Connection,...
Peter Jørgensen, who runs a Danish distribution company, Sports Connection, has been elected president of the Danish shoe industry association, which has changed its name from Danmarks Skoleverandør Forening to Skobranchen.dk. The association represents 40 suppliers, including Ecco. Sports Connection is currently the distributor of Skechers and other brands in ...
