Latest Headlines – Page 265
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Newell will shed properties, do more marketing
Newell Brands indicated earlier this week a tentative plan to divest operations that are currently generating annual revenues of between $250 million and $300 million in the next two to three years. The statement added fuel to speculation that the group may be considering the disposal of Marmot Mountain and ...
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Adidas agrees to €200 million extension of its DFB deal
While Adidas is battling it out with Nike and other brands on the sidelines of the European football championships, it has bagged an agreement to extend its partnership with the German football federation (DFB) for four years until 2022, at a cost of about €50 million per year.The agreed annual ...
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Adidas reclaims European football market lead
Adidas claims that it has taken the lead in the European market for football shoes and that it should reach a new record turnover of €2.5 billion in the football category this year, up from €2.2 billion in 2015. This would be more than twice the sales that the company ...
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Sporting goods can be obtained more quickly on the web
Customers in Berlin can now order Adidas products through Zalando's internet marketplace and get them delivered to their homes between 7 and 9 p.m. if the orders are received before 3 p.m. The items will be picked up by local logistic provider, ZipCart, from Zalando's own inventories, or those of ...
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SDI reportedly holding talks for TSA
Sports Direct International (SDI) has reportedly struck an alliance with Modell's Sporting Goods, a U.S. sporting goods retailer, to potentially take over between 100 and 200 store leases of The Sports Authority (TSA), the big American sporting goods retailer that filed for bankruptcy protection in March, as well as its ...
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Ashley blames online growth for SDI warehouse issues
Mike Ashley, majority shareholder of Sports Direct International, has blamed soaring online sales for the British retailer's failure to adjust all of the infrastructure at its huge warehouse in Shirebrook, as he finally attended a parliamentary hearing on Tuesday, June 7 regarding the treatment of workers at the company.Ashley appeared ...
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Team Sportia is growing in Finland
Team Sportia is growing strongly in Finland. In April alone, the Swedish voluntary chain opened six new stores in Finland, taking the total store count in the country up to ten. The new doors are primarily shops that previously traded under the Sportia and Elmo Sport banners and chose to ...
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Higher profits for the Danish Sportmaster
The Danish sporting goods chain Sportmaster has released its 2015 annual report, which shows a drastic increase in the company's operating profit. Its turnover was virtually flat last year at 1,074 million Danish kroner (€144.4m-$162.5m), while operating profits shot up by 74 percent to DKK 67.6 million (€9.09m-$10.23m).The company closed ...
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European online sales have grown by more than 13%
Online sales in Europe grew by 13.3 percent in 2015, reaching €455.3 billion. About 43 percent of Europeans now shop online, and only 16 percent of them have made cross-border purchases. According to E-commerce Europe, the European online sales confederation, which hosted its annual conference in Barcelona on May 30, ...
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Management shake-up at Arena
The big Italian-based swimwear brand announced in the past few days the departure on June 6 of its long-standing chief executive, Cristiano Portas, and the appointment of a new, experienced general manager for the U.S. market, where the potential for its development is still huge.Portas has been running Arena for ...
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New managers at Nike and UA
Craig Zanon has been appointed general manager of global basketball at Nike, following the departure of Michael Jackson, who held the job for two years.Separately, it turns out that Dave Dombrow, the designer who announced he was leaving Under Armour for Nike in March, is actually returning to Under Armour ...
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New managers for Merrell and Royer
Rob Griffiths, 51, has been appointed by Wolverine Worldwide as the new general manager of Merrell for Europe, the Middle East and Africa (EMEA). After working for Stylo Instep, Ellesse, Umbro, Bench and Esprit, Griffiths joined Wolverine at the end of 2013 as vice president and general manager of its ...
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Ecco reshuffles top positions
Ecco decided to initiate a gradual generational handover of responsibilities in the executive board at its supervisory board meeting and its annual meeting last month. After being in charge of the big Danish group for almost 12 years, Dieter Kasprzak is handing over its day-to-day management to Steen Borgholm, and ...
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Acushnet's owners file for its IPO
The owners of Acushnet have filed an offering with the Securities and Exchange Commission (SEC) that is aiming to raise up to $100 million for the group of investors around Fila Korea that bought the golf equipment company from Fortune Brands for $1.23 billion in 2011.Acushnet is the company behind ...
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Lululemon continues its foreign expansion
Next month, Lululemon Athletica will open its first company-operated store in Zurich, Switzerland, along with a new shop-in-shop in London, accompanied by a major new promotion. The Canadian-based group opened a company-operated store for the first time in Seoul during the first quarter ended May 1. It also opened nine ...
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Beachbody will launch shoes and apparel
Beachbody is a big American group that develops videos and sells DVDs for in-home and gym-based fitness programs under different brands like Insanity, P90X and 21 Day Fix. Many of them feature celebrities. It also sells weight-loss nutrition products under the Shakeology brand name. It makes an annual turnover of ...
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Bodytalk’s new chief targets European growth
Bodytalk, the Greek fitness and sportswear brand, is pumping up its investments in France and other European markets this year under the leadership of a new chief executive, who is aiming for an equal split between sales on the domestic market and abroad in five years' time.Vassilis Karamanlis, who has ...
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Peak Performance clean-up reduces sales
IC Group, the Danish parent company of Peak Performance, has downgraded its projections for sales and earnings for the full year to the end of June, due to a sudden deterioration in sales at its own stores and the accelerated clean-up of the wholesale business at Peak Performance.The IC Group's ...
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New name, logo and production for Pon
Bike Europe reports that Pon Bicycle Group has changed its name to Pon.Bike Group and that the Dutch-based bicycle group has reached an annualized turnover in the range of €600 million with production of 800,000 bicycles. Pon.Bike has also come out with a new logo, which was apparently inspired by ...
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Halfords' bike sales resume their growth
Halfords saw revenues at its cycling division grow by 1.9 percent in the fourth quarter ended April 1. It was the second consecutive quarterly increase. However, the British retailer's sales of cycling products fell by 0.9 percent for the full financial year, and the company attributed the decline mainly to ...
