Latest Headlines – Page 313
-
Article
Adidas accepts trading on marketplaces
This apparent turnabout comes just as the German Cartel Office has agreed to shelve its anti-trust challenge against Adidas after the company agreed to stop banning sales of its products on third-party internet marketplaces such as Amazon and eBay as well as local platforms such as Rakuten.de, Tatego.de, Hitmeister.de and ...
-
Article
Nike and Adidas claim World Cup victory
The superb volley shot by Mario Götze with the Nike Magista boot saved the World Cup final for Germany as well as for Nike, which might otherwise have been sidelined by two Adidas teams kicking an Adidas ball on the pitch. Both companies claimed victory that evening and for the ...
-
Article
Lotto profitable again
In tune with the global sports market, Lotto Sport performed better in footwear than in apparel last year. In fact, the Italian company's total sales of shoes stabilized at €136 million in 2013 without including Etonic, which it divested in the previous year, but its overall turnover declined to €273 ...
-
Article
Nixon has big plans for Europe
Philippe Gouzes, former vice president of Burton in charge of international operations, has been appointed general manager of Nixon for Europe, the Middle East and Africa (EMEA). He will take over from Arnaud Gaillard, who is leaving the post after six years with this brand of sports watches to pursue ...
-
Article
Skins wants to invest again
Jaimie Fuller, the majority shareholder of Skins, has taken over temporarily as chief executive of the company after the departure of Nicolas Versloot. The Dutchman, who led the Swiss-based compression brand for about two years, joined Levi's last month as managing director in Southeast Asia, based in Singapore.Versloot's priority was ...
-
Article
Adidas signs mammoth Man United deal
Manchester United has sealed a technical sponsorship and dual-branded licensing deal with Adidas starting next year at a record price of £750 million (€949.40m-$1,280.15m) for ten years, putting an end to a 13-year relationship with Nike. Adidas justified the eye-popping price tag by stating that it should make £1.5 billion ...
-
Article
Biretco and Bike Total will merge
Retail members of Biretco and Bike Totaal have approved the merger of the two chains. The new powerhouse in two-wheeler retailing, which has been named Dynamo Retail Group, will operate a combined 750 bike stores in the Netherlands, Belgium and Germany. It will be the second biggest bike dealer cooperative ...
-
Article
L-Fashion rejigs management to invest in Asia and franchising
Juha Luhtanen has been appointed to the helm of the L-Fashion Group's sports division, comprising the Icepeak and Luhta brands, among others. A former sales director of the sports division, he takes over from his elder brother Vesa Luhtanen, who previously combined the leadership of this division with the general ...
-
Article
Wolverine streamlines
Wolverine Worldwide has decided to streamline its operations, terminating its footwear license with Patagonia after delivery of the autumn/winter 2014/15 collection and closing down about 140 under-performing stores in the next 18 months. About 75 percent of the stores, which have seen a slowdown in mall traffic, belong to the ...
-
Article
Double-digit sales hike for TNF
The North Face enjoyed a sales hike of 11 percent for the second quarter of its financial year, until 28 June. The rise was driven by an improvement of 37 percent in its own retail sales, against a low single-digit increase in the brand's wholesale business. Sales are on track ...
-
Article
Analysis: The global athletic shoe market 2013
The major athletic shoe brands scored a 4.6 percent increase in dollar terms in their invoiced sales in 2013, reaching a new high of $46.5 billion, according to an annual study by Sporting Goods Intelligence. (see page 3). The category thus outpaced the previously reported growth of 1.8 percent in ...
-
Article
Nike’s momentum goes on, especially in Europe
Nike Inc. ended the financial year on May 31 with an 11 percent increase in total revenues for the fourth quarter to $7.43 billion, with currency-neutral gains of 13 percent for the Nike brand and 15 percent for Converse. The Swoosh had the strongest growth in Western Europe, rising by ...
-
Article
Adidas reports record sales in football
Adidas announced that it would “definitely achieve” its €2 billion sales target for football products in 2014, after assessing data in the run-up to and after the first 12 days of the 2014 Fifa World Cup in Brazil. The company has been gradually building demand for its shirts, boots and balls ...
-
Article
Go Sport may expand in France while Modell’s internationalizes
Retailcorp UAE, the sporting goods retailer based in Dubai, has announced that it is rebranding its three existing franchised Go Sport stores to Modell's Sporting Goods. It is the first move outside the U.S. for Modell's, which has more than 155 stores in its domestic market. Founded in 1889 in ...
-
Article
Former Asics officials help relaunch Karhu
The family of Francesco Arese, a former Italian track & field champion - generally called Franco Arese - who has been associated with Asics for 32 years, has agreed to acquire a controlling interest in Karhu Holding, the Dutch company that has the rights to the famous Finnish brand of ...
-
Article
And1, Avia, Nevados fall into Sequential’s lap
Following a business model similar to that of Iconix Group, which owns Umbro, Danskin, Starter and many other brands, Sequential Brands has become one of the largest pure-play licensing companies in the world with its acquisition of Galaxy Brand Holdings, whose 15-plus brands generate annual retail sales of around $700 ...
-
Article
Internationalization boosts Pentland’s results
Pentland Group has not been trading on the stock exchange for many years, but unlike some other big groups that prefer to hide them, it continues to provide the main highlights of its financial performance. Last year's figures showed considerable improvements in terms of sales and profits. Pre-tax earnings jumped ...
-
Article
New owners for two French skiwear brands
After the recent sale of Fusalp to two members of the Lacoste family, two other French brands of skiwear that were rather prominent in the 1980s, Degré 7 and Duvillard, are changing ownership. Idealp, a company run by Jean-Philippe Caille that controls Ski Lacroix and other operations, is taking over ...
-
Article
Le Coq is making a big statement in cycling
In its third consecutive year as a supplier to the Tour de France, where it is providing the racers with newly developed, high-performance cycling apparel, Le Coq Sportif is organizing festivities connected with the event in Barcelona, Sydney, London and Milan during the cycle race. Le Coq has been a ...
-
Article
GoPro, Alibaba shake the stock market
GoPro went through one of the most successful public offering on the Nasdaq stock exchange in recent times. The shares were priced at $24 last Wednesday, at the high end of a previously set range of $21-24, valuing the young American action camera company at $2.96 billion. However, the stock ...
