Latest Headlines – Page 330
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Growing rapidly, Sports Direct joins FTSE 100 index
Sports Direct International has joined the prestigious FTSE 100 benchmark index of the major British stocks after reporting a strong second quarter in an interim statement by the management. Founded in 1982, the company has seen its share value rise to more than £7.00 from £3.00 upon its introduction on ...
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Sports retail powers JD’s results
JD Sports Fashion enjoyed a 111 percent increase in pre-tax income to £6,087 million (€7.293m-$9,865m) for the first half ended on Aug. 3. Gross margins improved to 48.8 percent of sales from 48.4 percent in the year-ago period on 2.0 percent higher sales of £567,370,000 (€679.8m-$919.4m). Operating earnings before exceptional items ...
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Décathlon did not grow as much as we thought
The annual European retail chart that we ran in the last issue of this publication included inaccurate figures for Décathlon's sales increase in four countries. Our estimates were much too high, due to a confusion made by one of our sources between actual sales and same-store sales. In Italy, for ...
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New owners and new challengers for Billabong
As reported in the last issue, two investment companies, Centerbridge Partners and Oaktree Capital, submitted an eleventh-hour proposal on Aug. 23 to rescue Billabong International, after Australia's Takeover Panel objected to some of the terms of a previous offer by Altamont Capital Partners and the Blackstone Group, which had been ...
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Fogliato will run Columbia in Europe
Columbia Sportswear has named Franco Fogliato senior vice president for Europe, the Middle East and Africa (EMEA) with effect from Nov. 4. As reported in the previous article, Fogliato is on the verge of leaving Billabong International, where he spent nine years after holding various leadership roles at The North ...
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Quiksilver regains ground in Europe
After several rough quarters in Europe, the Quiksilver group lifted both its sales and its gross margin in the region for the three months until the end of July, while the cost savings implemented in the last quarters have started to pay off for the entire company.The group's sales increased ...
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ATK buys Bushnell
Confirming an earlier report about its interest in the company, Alliant Techsystems (ATK), an American conglomerate that is thought to be the world's largest producer of ammunition for various types of weapons, has signed a definitive agreement to acquire Bushnell Group Holdings, the American supplier of performance eyewear, which has been ...
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Zimtstern and Belowzero build new Swiss powerhouse
Sports-Pool AG, the Swiss company behind the Belowzero brand of ski and snowboard apparel, has merged with Zimtstern, another marketer of sports apparel, notably for snow sports, biking and street wear. Zimstern's staff of 17 people will remain on board, but its headquarters in Zurich will move to Belowzero's office ...
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New shareholder for Bizerta
Bizerta Sport, a large-scale Dutch sports brand owner and trading company, has gone through a financial restructuring process that has brought in a new shareholder. Sport Partner reports that the ownership of the company is now split equally between its general manager, Elise Koggink, and Advion, a holding company for ...
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Helly Hansen takes over in Benelux, Germany, Austria and Russia
Helly Hansen has put an end to its distribution and licensing agreement with the Dutch-based Unlimited Sports Group (USG) for the Benelux countries, Germany and Austria. The Norwegian brand has already taken over sales, marketing and distribution in all four markets and it will operate directly in all of them ...
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European launch for Altra
Frank Warnars, the Dutch executive who took care of European sales for Saucony until about one year ago, has signed up as European brand manager for Altra Footwear, the fastest-growing brand of running shoes now on the market.Altra is not yet well known on the European market, where its line ...
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Kodiak expands in Europe
This big Canadian producer of waterproof boots has been expanding its presence on the European market since it first exhibited at the Ispo show in Munich at the beginning of last year. Jean-Marc Groell, a former executive of Columbia Sportswear who has been taking care of Kodiak's business in Europe, ...
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Ispo buries its bike show, launches Ispo Community
Messe München has put an end to its Ispo Bike show for the trade and decided to shift its bicycle-related offer to f.re.e, a leisure and travel show that it has been organizing for consumers. Bicycles already had their own space at f.re.e , but it is going to be ...
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eBay launches new partnership program to with the brands
The German subsidiary of eBay, the international California-based online marketplace, has announced major changes in its offer to provide an improved platform for the brands. The company is about to implement a new service which gives the opportunity to them to present themselves to the general public – even if ...
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YY predicts a pick-up
Wage hikes in Indonesia and retail discounts in China contributed to a sharp decline in the net profit of Yue Yuen Industrial (Holding) for the first six months of the year. The footwear manufacturing giant predicted that 2013 would be a year of consolidation but that a new era of ...
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European sports retail sales grew by 2.1% in 2012
Boosted by football and Olympic mega-events, consumers' purchases of sporting goods in 15 key Western European countries increased by 3.8 percent to €54.9 billion in 2012, according to an annual survey by SGI Europe. In terms of local currencies and before sales taxes, which went up in some countries, they ...
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Intersport enters Australia after its start-up in China
One more market for Intersport International Corp. (IIC): The multi-national retail organization has announced a franchising agreement with Independent Sports, the second-biggest Australian buying group in the sector. With annual retail sales of about 130 million Australian dollars (€90m-$119m), it is the fourth-largest player in the Australian sporting goods market, ...
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TAF grows in Australia
RCG Corporation, Australian licensee of The Athlete's Foot, saw the sales of its franchised TAF increase by 3.0 percent to 205 million Australian dollars (€142m-$188m) in the 12 months ended last June, with a 4.1 percent on a comparable basis. Same-store growth slowed down to 2.1 percent in the latest ...
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New CEO for Denmark’s Sport-Master
Jens Høgsted became the new chief executive of Sport-Master this week, replacing Hans-Peter Rasmussen. He will be joined shortly by a new chief financial officer, Chris Bigler, who has held a similar position at IC Companys, the big Danish company that owns many sportswear brands including Peak Performance.Høgsted, who is ...
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El Corte Inglès has a chief executive now
El Corte Inglès, which has a strong position in the Spanish sporting goods market, suffered an 18.32 percent decline in its consolidated net income to €171.5 million in the financial year ended last February, as its revenues fell by 7.7 percent to €14.5 billion. Noting that retail sales have been ...
