Latest Headlines – Page 308
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Adidas names new managers
Adidas has appointed English-born Karen Parkin as chief human resources officer effective Nov. 1. Parkin will report directly to Herbert Hainer, the group's chief executive. She succeeds Matthias Malessa, who left the company at the end of July. Currently, Karen Parkin is responsible for the group's global supply chain and ...
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Adidas will open a new creative studio in Brooklyn
Adidas has announced plans to open a “Brooklyn Creative Studio” in New York City in 2015. The studio will serve as a cultural contact point connecting the brand with sports and street culture, the company said in a statement. As part of this plan, Adidas has hired three prominent Nike ...
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Head makes a new effort to go private
This time, the efforts of its major shareholder, Johan Eliasch, may finally pay off, after repeated conditional tender offers for the shares held in Head by other investors. The company announced on Oct. 9 an unconditional offer to buy back its shares by Oct. 31 at the latest at a ...
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Halfords and Mifa go bankrupt
Halfords, the Dutch retailer of bicycles and automotive accessories, has filed for insolvency, blaming the poor economy in the Netherlands and pressure from the internet. The Dutch Halfords has nothing to do with the British bike retail chain by the same name.The Dutch company had been taken over by its ...
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New owners for North Sails
Oakley Capital Private Equity, a U.K.-based equity fund that has nothing to do with the brand of sunglasses by the same name, has acquired Tomasoni Topsail through its subsidiary North Technology Group, which holds the rights to the North Sails brand. Tomasoni holds the exclusive license to manufacture and distribute ...
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Mizuno goes more direct in Europe
Mizuno has announced the establishment of a subsidiary in Norway for all the Nordic markets. The new company, Mizuno Norge, will take over the Japanese brand's business in Norway as of next April 1 from Scantrade, which has been its distributor in the country for 18 years.Before the end of ...
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Berghaus and Brasher have a new brand president
Richard Leedham has been appointed brand president of Berghaus and Brasher, with immediate effect. Leedham has been fulfilling the role on an interim basis since January, following the departure of Richard Cotter for the Snow + Rock retail chain four months earlier, and has now been confirmed in the position ...
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Columbia hires new manufacturing and marketing executives
Columbia Sportswear has hired Steve Woodside, formerly at VF Corp., as vice-president of global manufacturing and appointed Stuart Redsun, a former executive at Under Armour, to the newly-created role of chief marketing officer.Woodside, who will report directly to Columbia's chief operating officer, Bryan Timm, joined Columbia on Aug. 25. His ...
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K-Swiss introduces new brand identity
K-Swiss is rolling out a new brand identity and logo that it says celebrate the company's history as the “only” heritage U.S. tennis brand. K-Swiss' new look is characterized by a new visual language, including a directional logo, classic 1966 typeface, and signature Brunner Blue colorway inspired by the blue ...
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PSG raises hockey sales, wants to lower costs
The Performance Sports Group (PSG) reports a 28 percent sales increase to $197.1 million for the first quarter ended Aug. 31. In terms of constant currencies, sales grew by 31 percent, but most of the increase was due to the acquisition of Easton's baseball and softball business by the former ...
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Rip Curl rides a more profitable wave
The Australian company, the only major player in the international surf market to have remained private, has reported a 7.8 percent increase in total revenues to 429.6 million Australian dollars (€296.2m-$374.8m) for the financial year ended last June 30. Earnings before interest, taxation, depreciation and amortization (Ebitda) rose by 35 ...
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Worrisome trends in women’s boardsports
We have already published the general NPD figures given by the European Surf Industry Manufacturers' Association (Eurosima) for the global boardsports market. In contrast with other categories such as running, hiking, fitness and cycling, this market was relatively stable last year at €46.3 billion at retail level, including the lifestyle ...
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Hugelmeyer leaves the helm of the OIA
Frank Hugelmeyer, who has brilliantly led and developed the Outdoor Industry Association (OIA) for 14 years, announced on Sept. 30 his decision to step down as president and chief executive of the powerful American organization.Hugelmeyer's resignation became effective on Oct. 3. The association said it would immediately work to identify ...
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European consumption of sporting goods falls by 0.9%
The consumption of sporting goods declined by 0.9 percent in 2013 in Western Europe in terms of local currencies, based on our annual, exclusive analysis of the evolution of sports retailing in 15 major countries. In terms of euros, it declined by 1.7 percent to €54.0 billion including sales taxes.Unseasonable ...
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XXL goes public
XXL ASA, the Norwegian company behind the fast-growing XXL retail chain, started the roadshow and the book-building process today for an initial public offering due to commence with a listing on the Oslo stock exchange on or around Oct. 8. The price being sought for the shares is 45 to ...
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Turnaround for Cisalfa
The return of the founder, Vincenzo Mancini, has had a beneficial effect on Cisalfa Sport, the leading Italian sporting goods retailing group, which has started to generate profits again while improving its sales in spite of strong competition from Décathlon in a declining market.Mancini had pulled out of the management ...
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JD performs better than expected
JD Sports Fashion's valuation on the London Stock Exchange rose by 7 percent after the U.K.-based retailer reported a 170 percent increase in pre-tax earnings to £16,454,000 (€21.0m-$26.9m) for the six months ended Aug. 2 and indicated that it has a lot of potential to continue to grow in the ...
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Margins decline at Sports Direct
Sports Direct International has reported a 12.2 percent increase in group revenues for the 13 weeks ended July 27 to £711.2 million (€904.31m-$1,164.61m). The gross profit rose by 11.8 percent at group level at a slower rate of 11.8 percent, reaching £301.2 million (€383.01m-$493.28m). Operating results were not given for ...
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SDI's Austrian staff presents wish list to new owners
The management of the Austrian branch of Sports Direct International, formerly known as Sport Eybl & Sports Experts (EAG), is facing criticism from its staff. They complain in particular about a lack of information about the future strategy of the Austrian operation, which SDI took over gradually between June 2013 ...
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Alibaba gets a high valuation
The giant Chinese internet marketplace, which occupies a strong position in the domestic sporting goods market through TMall and other websites, made a triumphant listing on the New York Stock Exchange last Friday. From an initial pricing of $68, Alibaba Group Holding's share shot up to $99.70 and then ...
