Latest Headlines – Page 288
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NPD sees European growth slowing down
The consumption of sports shoes and clothing last year enjoyed the fastest growth rate since 2009 in the five major European countries, according to the NPD Group. After declining in 2013, the apparel market recovered in 2014, rising by 2.1 percent, but the footwear category grew at a much faster ...
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British stores drive ample gains at Sports Direct International
Sports Direct International (SDI) lifted its sales by 4.7 percent to £2,832.6 million (€4,045.5m-$4,423.8m) and achieved increased profit margins for the fiscal year until April 26, but the leading British sports retailer slashed its underlying operating profit target for the current fiscal year due to failed acquisitions.SDI's gross margin for ...
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Matalan pulling out of Intersport Sporting Pro
Intersport Sporting Pro, the partnership between Matalan and Intersport U.K., is to be terminated just two years after its managers outlined plans to open 100 stores in five years. Six of the 15 stores are to be taken over by DW Sports, another partner of Intersport U.K., while the others ...
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Intersport Germany’s sales fueled by outdoor
At the OutDoor show in Friedrichshafen last week, Kim Roether and Jochen Schnell, chairman and member of the executive board of Intersport Germany, respectively, gave an insight on the evolution of the buying group in the first half of 2015. Compared with the previous year, the affiliated retailers improved their ...
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German Sport 2000 expands its specialty retail network
By the end of June, the German section of Sport 2000 had increased the number of affiliated retailers by 83 above the number a year ago. The group won 107 new members, lost 24 and currently has a total of 888 affiliated retail companies running 1,184 stores.Productwise, the group benefited ...
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German buying groups oppose Adidas‘s new payment terms
Adidas is trying to implement new payment terms on its retail customers in Germany – and the local buying groups are not pleased. Both Intersport and Sport 2000 have been negotiating with their top supplier who aims to reduce the traditional cashback discount granted to early payers to only 1 ...
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Wolverine accelerates
Wolverine Worldwide's consolidated revenues grew by 2.7 percent to $630.1 million for the second quarter ended June 20, with a 4.9 percent increase on a currency-neutral basis. They actually went up by 6.9 percent without including the discontinued line of Patagonia footwear and sales at the corporate stores that have ...
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Gains in hockey and lacrosse at PSG
Performance Sports Group (PSG), the company behind the Bauer and Easton brands, should achieve a sales increase of about 47 percent to $654.0 million for the fiscal year until the end of May, based on preliminary figures. This amounts to a rise of 51 percent in constant currencies, but sales ...
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Allied Feather upgrades its traceability tool
Allied Feather & Down is launching an improved version of its TrackMyDown website that will enable consumers to check where the down used in its partners' products was produced and how it was processed. They will be able to do so from next autumn, coinciding with the retail launch of ...
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Jarden plans to raise more than $1 billion
Jarden Corp. has boosted the size of a planned secondary public offering to help finance its $1.35 billion acquisition of the Waddington Group, which makes disposable cutlery. The parent of Coleman, K2, Marmot Mountain, Völkl and many other brands had originally planned to issue 14 million new shares, but it ...
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Fesi prepares House of Sport opening
The Federation of the European Sporting Goods Industry (Fesi) is preparing for the opening of the House of Sport, which will take place in the middle of the European Week of Sport and bring together several sports-related associations in the same office in Brussels.Fesi has been closely associated from the ...
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Analysis: The global athletic shoe market 2014
The global branded athletic footwear market grew by 11.1 percent to $52.6 billion in 2014, the highest rate since the 13.0 percent increase registered in 2011, according to an annual study by Sporting Goods Intelligence of the brands’ sales to distributors, retailers and consumers.
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Knight to step down as Nike chairman
Phil Knight is to step down as chairman of Nike next year. The founder of the Swoosh has recommended a handover to Mark Parker, who has been the company's chief executive for the last nine years. The move constitutes the groundwork for a major transition that involves a reshuffle in ...
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Another buoyant year for Nike under Parker leadership
The news about the transition came just after Nike reported a sales hike of 10 percent to $30.6 billion for the full fiscal year up to the end of May. This was an increase of 14 percent in constant currencies and the group's profit expanded even faster – adding up ...
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Adidas wants to double in running
The Adidas Group has outlined plans to double its sales in the running market in constant currencies by 2020, which would amount to more than €3 billion, with a stronger focus on fewer franchises and marked investments in the U.S. market. The details were provided at the group's first investor ...
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Puma sells Tretorn
As part of its strategy to focus on its most important assets, Puma has agreed to sell the industrial property rights of the Tretorn Group to the Authentic Brands Group (ABG). Tretorn managers are acquiring an operating license from ABG to run Tretorn's business in Scandinavian and other European countries. ...
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Bogner is no longer for sale
Oliver Pabst, who had been working for Bogner as managing director in charge of sales and marketing for nine years, decided to leave shortly after Willy Bogner announced that he was halting the sale process for his family-owned company. The 73-year-old patriarch did not give any reason for his abrupt ...
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Scott Sports buys Bergamont
Scott Sports has acquired Bergamont Fahrrad Vertrieb, a German bicycle company, which was divested by BMC Group Holding as part of a restructuring of its assets. BMC bought Bergamont in 2008 and Scott stated that the German group's sales had doubled since then.Scott Sports said the acquisition of the well-established ...
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A German member for STMI
The German-based 21sportsgroup has joined Sports Trade & Marketing International (STMI), the international buying group founded by Groupe Go Sport and Hervis Sports in Geneva in 2012. Its affiliation will allow STMI's five members to represent a combined retail turnover of nearly €2.1 billion.The 21sportsgroup took over recently Planet Sport, ...
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Elverys stores are rebranded as Intersport
Elverys Sports, the Irish sports retailer that was taken over by its management with financial backing from investment firms and support from Intersport last year, has almost entirely completed its rebranding to Intersport Elverys. All but two of the 54 stores have been rebranded in a harmonized changeover that lasted ...
