Latest Headlines – Page 348
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New Eurochief for Wolverine
Daniel Le Vesconte will be the new managing director of Wolverine Worldwide for Europe, the Middle East and Africa (EMEA). Reporting to Bill Brown, president of Wolverine's International Group, he will be based at the group's European office in the U.K. He will have responsibility for the development and execution ...
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Blue Tomato adds three stores in Germany
The Austrian click-and-mortar action sports retailer already operates five physical stores in its home country, supplementing its international business over the internet. Last week, Blue Tomato moved across the border into Germany, placing its banner over the three existing Goodstuff stores in Munich and Rosenheim.It bought them from their owner, ...
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More sporting goods stores open in Sweden
The number of sporting goods stores in Sweden continues to grow, not only through the expansion of foreign retailers such as XXL Sport and Décathlon. Intersport recently opened two new store locations in the country: a 1,250-square-meter store in the city of Malmö, and a 1,000-m² store in the town ...
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Shimano continues to grow
Shimano reported a 13 percent increase in net sales to ¥182.7 billion (€1.81bn-$2.30bn) for the first nine months ended Sept. 30. Net income reached ¥20.5 billion (€202.8m-$257.8m), representing an increase of 79.3 percent from a year ago. Operating profit improved to ¥31.8 billion (€314.6m-$400.0m), compared with ¥22.7 billion in the ...
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Improved results for Rapala
The Finnish sports company's net profit improved to €1.3 million in the third quarter from €0.2 million in the same period a year ago. Excluding extraordinary items, the operating margin rose to 5.9 percent from 4.5 percent and net sales went up by 4 percent to €65.6 million, thanks in ...
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Winter sports bring Head down
Head's sales contracted by 2.8 percent to just under €97 million for the third quarter, due to a decline of 11.8 percent to €52.5 million in its sales of winter sports products. Since it has completed its pre-season orders, the group predicts that its winter sports sales will drop by ...
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Black Diamond opens a new ski factory in China
A few days after Jarden Corporation, parent company of K2 and Völkl, announced a new $40 million investment in ski manufacturing (we understand that the investment will be made in China, but we could not find out more about it at this stage), Black Diamond reported that it has set ...
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Basicnet’s results are down but licensees’ sales improve
Combining direct sales and royalties on licenses, Basicnet registered aggregate revenues of €119 million in the nine months ended Sept. 30, down from €123.5 million a year earlier, and consolidated net profit of €2.3 million, down from €6.1 million a year earlier. The Italian sportswear company owns many trademarks including ...
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Peak Performance ticks up after changes
Peak Performance, the Swedish ski, outdoor and golf brand, reached sales of 994 million Danish kroner (€133.3m-$169.3m) for the year until the end of September, up by nearly 2 percent compared with the same period one year earlier. The figures transpired from the results of IC Companys, the Danish fashion ...
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Garmin grows in outdoor, fitness falters
Garmin's revenues rose by 11 percent in its outdoor segment to $105 million during the third quarter ended Sept. 29, driven by its golf lineup, dog tracking and training, and a recently introduced watch. During the quarter, the company also introduced the Alpha GPS Track and Train System, described as ...
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Intersport acquires The Athlete’s Foot
Intersport International Corporation (IIC) announced today the acquisition of The Athlete's Foot (TAF), a U.S.-based retail company that franchises 430 athletic footwear shops in 27 countries around the world. The acquisition covers 100 percent of TAF's assets, its global trademark rights and all its franchising agreements.TAF is still recognized as ...
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Go Sport shows improvement
The sales figures published by the French Go Sport Group indicate that it is getting better. In the third quarter ended Sept. 30, its total sales rose by 4.0 percent to €189.2 million. On a same-store basis, they went up by 4.9 percent, with the French multi-sport Go Sport stores ...
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Eybl ends license agreement with Intersport
Sport Eybl & Sports Experts, the leading Austrian sporting goods retailer with an estimated market share of 25 percent in the country, will drop the name Intersport from its Eybl chain. Eybl was one of the founding members of Intersport Austria some 50 years ago, but quit the buying group ...
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Sports Direct delivers strong growth
Sports Direct International released a pre-close trading update on Oct. 24, in advance of results for the half year ending Oct. 28, 2012, which will be announced on Dec. 13. The group's total sales for the nine weeks ending Sept. 30 were up 18 percent to £402.7 million (€500.9m-$646.7m). Gross ...
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Iconix buys Umbro
Nike has announced the sale of Umbro to Iconix Brand Group, a specialist in licensing that bought Starter from the Swoosh for $60 million in 2007, licensing it out to Walmart and others. It's probably a good fit, considering that most of Umbro's revenues come from the royalties it gets ...
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Maus Frères wants control over Lacoste
Maus Frères announced last Friday that it has signed an agreement in principle to take over a 30.3 percent stake in Lacoste SA, the family-controlled licensing company that owns the trademark rights to the famous brand. The proposed price is said to value the company at between €1 billion and ...
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D&K Distribution to revive Conte of Florence
D&K Distribution is taking over gradually Conte of Florence, an iconic Italian brand of sports clothing with 60 years of history in the sector. The process should be concluded by mid-2013, after a settlement with the bankrupt company's creditors, but D&K has already agreed to take over its management, starting ...
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Tacchini partners with IMG to re-launch the brand
Sergio Tacchini has announced a far-ranging, multi-year global partnership with IMG Worldwide, the international sports, fashion and media company. Under the terms of the agreement, IMG will serve as the licensing agent for the Italian brand of tennis and sportswear clothing, working to re-launch it in major markets through licensing ...
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Heelys may be liquidated, but the brand should survive
The board of directors of Heelys Inc., the marketer of the funwheel brand by the same name, has agreed to enter into a definitive agreement to sell basically all the operating assets and operating liabilities of the group and its subsidiaries for $13.9 million in cash to The Evergreen Group ...
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Sidas buys Therm-ic
Sidas, the French-based supplier of insoles for sports and orthopedic uses, has acquired the assets of Therm-ic, the bankrupt Austrian supplier of foot-warming and drying systems, including its brand name, patents and inventories. It is not taking over the liabilities of its former parent company, Body Systems, or its other ...
