Latest Headlines – Page 237
-
Article
Under Armour opens more stores in Europe
Under Armour has opened its first store in Russia, in the Metropolis Shopping Center in Moscow. The company, which has its own Russian sales office, says it eyes a major expansion in the country through the opening of other stores and factory outlets and an online-store in the near future.We ...
-
Article
Adidas starts customized shoe production
Adidas is preparing to sell in London and Paris the first batches of customized running footwear made at its automated Speedfactory in Ansbach, Germany. The company is launching the AM4 project, which stands for “Adidas Made For” and consists of running shoe models designed for runners, in six cities.The shoes ...
-
Article
IC Group weighs potential sale of Peak Performance
IC Group, the Danish owner of Peak Performance, is evaluating a potential sale of part or all of the Swedish sports apparel brand, after structural improvements in its business and results in the last years.IC Group says it has engaged Rothschild, the investment bank, as it started a strategic review ...
-
Article
Wolverine sells some military assets
Wolverine Worldwide has sold its factory in Big Rapids, Michigan and some other assets related to its business with the U.S. Department of Defense to a smaller firm, the Original Footwear Company. Wolverine says the divestiture will improve the future viability of the Big Rapids facility because small businesses like ...
-
Article
American basketball scandal escalates
Two U.S. universities are re-evaluating their sponsorship contracts with Adidas following the FBI's previously reported investigation into the alleged bribery of basketball players. The scandal has also led one of Adidas shareholders, the company of Bronstein, Gewirtz & Grossman, to announce its intent to ask for an investigation into whether ...
-
Article
Golf participation inches up in Europe
Recent research reports on the European golf market have come up with contrasting and contradictory figures, but at least two of them indicate that participation in golf is on the rise, especially in emerging markets.Sports Marketing Surveys (SMS) has calculated that the number of registered golfers in Europe rose by ...
-
Article
New segmentation at Ispo Munich 2018
Undaunted by the recent partial pullout of Amer Sports from the exhibition floor through its Atomic, Salomon and Armada brands, the management of the Ispo show in Munich is boasting a 15 percent increase in demand for space than at the same time a year ago, and it is responding ...
-
Article
Soldier goes international
Cornelis Hendrik (Cees) de Witte, a well-known figure in the sporting goods sector, has joined Soldier Design, a rather special U.S.-based brand-building consultancy, as a partner with responsibility for the development of its business in Europe and Asia. He has just opened Soldier's first European office in Zurich and is ...
-
Article
Nike adjusts to retail disruption
Expansion in international markets and in own retailing made up for the sluggishness in the Nike group's sales to retail partners in North America, leading to flat sales and a dip in net profit for the quarter to the end of August.The group's turnover of $9,070 million was flat both ...
-
Article
JD’s deal with Sport Zone moves ahead
An agreement has been reached to form a combination between the JD, Sprinter and Sport Zone stores in Spain and Portugal, forming an Iberian retailer with sales of about €450 million and 311 stores owned at a small majority by the JD Sports Fashion Group.The conditional agreement integrates Sport Zone ...
-
Article
JD moves into South Korea
While expanding rapidly in Europe, the JD Sports Fashion Group is continuing to move further afield through a joint venture with Shoemarker (SMK), a South Korean footwear retailing group. The deal will allow the British sports retailer to acquire a stake of 15 percent in a group of 23 stores ...
-
Article
JD Sports Fashion sprints ahead
The JD Sports Fashion Group has sharply raised its sales and profits yet again for the half-year to July 29, due to openings across European and other international markets as well as higher comparable store sales.The expansion is continuing apace, as the British sports and outdoor retailer anticipates nearly one ...
-
Article
SDI’s chairman gets re-elected
Keith Hellawell, chairman at Sports Direct International (SDI), survived another shareholders meeting as 53.2 percent of independent shareholders voted in favor of his re-election at the assembly held at its head office in Shirebrook earlier this month.Hellawell faced controversy after independent shareholders twice voted against his re-election in the previous ...
-
Article
Decathlon has plans for Ukraine and Siberia
Decathlon is planning to make its first move into Ukraine with a couple of stores in Kiev, according to local reports, with the first due to open shortly in the Retail Park mall of the capital. A spokesperson for the company confirms that it is working on this project, declining ...
-
Article
Stadium re-organizes
Stadium is adjusting its organization by creating distinct entities and leadership for the Stadium and Stadium Outlet stores, which enables the Swedish retail group's chief executive to spend more time on strategic direction and business development.The change comes about two years after Karl Eklöf, the son and nephew of the ...
-
Article
Zumiez picks up speed
The American action sports retailer is benefitting from an apparent improvement in the North American boardsports market and from its investments in Europe and Australia. Globally, Zumiez' sales went up by 7.8 percent to $192.2 million in the second quarter ended July 29, with a 4.7 percent increase on a ...
-
Article
Adidas rejigs European management
The Adidas Group is replacing its managing directors in France, Iberia and Italy, as part of a management reshuffle that saw these three executives assume more international functions while the group's European structure has been streamlined.Under the latest structure, which has just become effective, the Adidas Group's business has been ...
-
Article
New equipment chief at Salomon
Xavier Le Guen has been appointed as Salomon's vice president of winter sports equipment, after the departure of François Fauroux, who is leaving the company to head up Aqua Lung International, the French group specializing in diving gear.Le Guen was previously vice president of Salomon apparel. He was replaced in ...
-
Article
New management changes at Columbia
Columbia Sportswear has appointed Russ Hopcus to be the new president for its Prana brand. The group also reported the departure of Stuart Redsun, senior vice president and chief marketing officer of the group, and said that Joe Boyle, president of the Columbia brand, will also take care marketing for ...
-
Article
Vista reassigns distribution roles
Vista Outdoor is restructuring international sales operations for its growing stable of sports and outdoor brands to make them more efficient and profitable and to adapt them to the changing structure of the market at retail and wholesale.Andrew Shand, the former vice president of international sales at Camelbak, will continue ...
