Latest Headlines – Page 346
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Champion enters Turkey
Champion Europe has decided to enter the Turkish market by the big door. It has set up a sales office and opened its first store in the country, while at the same time striking a sponsorship deal with a major local sports club. Though it is already very strong in ...
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Blue Tomato weighs down on Zumiez
Zumiez, the big American action sports retailer that took over Blue Tomato last July, continues to believe in the long-term potential for the expansion of the Austrian-based online retailer. In the short term, however, it is suffering from its sudden lack of dynamism, due no doubt in part to the ...
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Jet Set hires Chiemsee’s founder for its skiwear
Jet Set has announced its return to the skiwear category. The Swiss apparel brand was iconic for its snow wear in the 1980s, but put later on its focus on pure fashion. To set a momentum in the newly rediscovered sports category, Jet Set has hired Martin Imdahl, the well-known founder of ...
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Zoggs takes new initiatives to expand
After growing by more than 50 percent since Mark Hammersley, a former president of Speedo, took the helm of the company five years ago, Zoggs, the Australian brand of high-end swim goggles, has hired two other seasoned industry veterans in the last few months and taken other initiatives to expand further internationally and ...
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Solé Bicycles moves into Europe
Solé Bicycles, a trendy American brand of fixed-gear bicycles, has started exploring several European markets following the opening of a regional head office in Finland earlier this year. The company has begun by setting up distribution in the Nordic countries and holding talks with potential partners in Germany, the Netherlands, ...
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Skins' challenge against the UCI gets little industry backing
In an interesting case of a sponsor boldly asserting its influence, Skins, the Australian brand of compression garments, has brought together a pressure group, called Change Cycling Now, which grabbed headlines last week by demanding urgent changes in the management of cycling competitions, in the wake of the Lance Armstrong doping ...
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Aldila merges with Mitsubishi
Aldila, a major U.S.-based supplier of carbon fiber shafts and other composite products and materials for golf clubs, archery and other uses, has agreed in principle to merge with Mitsubishi Rayon America (MRA), a leading supplier of carbon fiber and advanced composite materials. The company's directors, senior officers and shareholders who ...
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Johnson Watercraft hires rival's designer
Johnson Outdoors Watercraft has hired an industry veteran, Bob McDonough, as its director of research and development. He joins the American company from Confluence Watersports, where he led the development of numerous market-leading products as vice president of design and senior designer. In his new role, he will be responsible ...
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Yue Yuen posts small sales growth for athletic shoes
Yue Yuen Industrial Holdings reported consolidated revenues of about US$7.30 billion for the 12 months ended Sept. 30, up by 3.6 percent from the previous comparable period. The company, which trades on the Hong Kong stock exchange, decided a few months ago to change the final date of its financial ...
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Eight companies get Ispo's BrandNew Awards
A high-ranking jury has picked the winners of next year's Ispo BrandNew Awards. Like their predecessors over the last years, some of which have become important players in the market, they will all enjoy free exhibition space in a show within the show at Ispo Munich on Feb. 3-6.The award in the winter hardgoods category ...
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Italian kids are encouraged to exercise
Assosport, the Italian sporting goods industry association, has collected €80,000 for an initiative intended to promote sports participation among children under the age of 12 whose families don't have enough money to pay for their registration in a sports club. The funds were collected through an auction on eBay of ...
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JD launches a more technical format
JD Pro is a new chain of sporting goods stores for the U.K. market that is intended to fill the void left by the demise of JJB Sports. They will be more performance-oriented than the JD format of the JD Sports Fashion group, which are more into sports fashion. Run ...
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JJB owes millions of pounds to Adidas, Nike, Umbro
JJB Sports reportedly owed its creditors £210 million (€259.9m-$336.5m) when it went into administration – a British form of receivership – last month. According to a statement of affairs filed by administrators at Companies House and reported in the British press, the company owed more than £10 million (€12.4m-$16.0m) to ...
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Foot Locker grows strongly worldwide, but Europe is sluggish
Foot Locker reported a 61 percent increase in net income to $106 million for the third quarter ended Oct. 27, thanks in part to a $9 million tax benefit from a foreign audit. Global revenues grew by 9.3 percent to $1,524 million, with a rise of 11.0 percent in local ...
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Migros’ fitness chain expands into Germany
A few days ago, Elements, the chain of high-end fitness gyms owned by the Zurich section of the Swiss Migros retail cooperative, opened its first studio in the heart of Munich. This health, wellness and fitness center and other gyms that will be set up by Elements in Germany are ...
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ANWR takes over the Dutch Sport 2000
After several months of talks, the Ariston-Nord-West-Ring Group (ANWR) has taken over the Sport 2000 license in the Netherlands. Eighty Dutch stores carrying the Sport 2000 banner are to become members of Fair Play International Sports, which is part of the recently merged ANWR-Garant organization in the Netherlands.The takeover comes ...
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Globe gets a takeover offer
Globe International has joined Billabong International and Rip Curl on the list of surf and skate companies that are being explored for a possible acquisition. The Australian company announced on Nov. 16 that it had received an unsolicited takeover offer from Mariner Corporation. The offer, which is scheduled to remain ...
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Elan to appeal EU fine
Elan's management said that the Slovenian ski company and the country's government had both decided last week to appeal an order issued by the European Commission in September that Elan should reimburse a capital injection of €10 million it received from state-controlled shareholders in 2008. They will file an appeal ...
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Alpargatas buys Osklen
The Alpargatas group, a former Brazilian distributor of Nike that owns the Havaianas brand of rubber sandals and other operations, is moving further into the lifestyle segment through an agreement to buy a 30 percent stake in a Brazilian sportswear brand, Osklen, with an option for a further 30 percent ...
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Amer reshuffles its Chinese organization
Amer Sports' Chinese subsidiary, Amer Sports Shanghai Trading Company, is set to establish its own sales organization for the Chinese market in 2013, and it will go direct with the new structure next year in order to bundle the sales activities of the Finnish group's outdoor brands under one roof.Beijing ...
