Latest Headlines – Page 360
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Global equipment market expands by 4.0% in 2011
The global sports equipment market came just short of $60 billion at wholesale in 2011, up from $57.7 billion the previous year, as the sector continued to recover from the recession with steady increases in the low- to mid-single-digit range. However, the market has yet to return to the sales ...
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Head reports a decline in winter sports market
Head estimated in its annual report that the winter sports market reached a global turnover of €900 million in 2011, down from €920 million in wholesale value the year before. The Austrian company estimates that sales of skis amounted to €310 million, bindings €150 million, boots €230 million and snowboards ...
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Accell issues shares to buy Raleigh
The Accell Group said it had reached an agreement to acquire all of the outstanding shares of Raleigh Cycle at a price of about €60 million. Pending approval by the German competition authorities, the deal is expected to be completed by the end of May.The Dutch group already owns a ...
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Callaway improves, but not fast enough
Callaway Golf has taken a flurry of decisive measures in the last months to sharpen its focus on the Callaway and Odyssey equipment brands. However, the golf equipment company has downgraded its sales guidance for the first half of the year, as the improvements it achieved in the first quarter ...
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Skins inks strategic deal with Itochu
Skins, the Swiss-based specialist in compression sports apparel, has inked a strategic deal with Itochu, including the sale of its trademark rights to the Japanese group for distribution in Japan, China, South Korea, Taiwan and Hong Kong. Skins said it had an option to buy back the rights after ten ...
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News international arm for USG
Unlimited Sports Group (USG), the large-scale Dutch sports retailer, distributor and brand owner, is setting up an international unit for both its retail and wholesale activities. It will be based in the U.K. and headed by Steve Preston, who previously supervised USG's retail business in the Netherlands and Belgium.Preston was ...
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International sales drive Lafuma’s growth
The Lafuma group saw its turnover increase by about 8 percent to €132.1 million, as ample gains by the group's outdoor brands more than made up for a sharp decline in the sales of the Oxbow surf brand. The expansion was largely driven by international sales, which jumped by 15.8 ...
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New Spanish distributor for Li Ning!: Jorcani
Li Ning, the Chinese sports brand, has changed its distributor in Spain, switching from LN Plus in Madrid to Jorcani in Barcelona. Spain is one of the European markets where Li Ning has invested most prominently in the last years, obtaining endorsement deals from the country's national basketball team as ...
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Dip in Finnish sports market
The Finnish sporting goods market saw its sales dip by 2 percent to nearly €1,094 million including VAT last year, it was estimated by Sporttimyyjä, the country's specialist magazine. The leading sports retailers suffered most, while specialist retailers and discounters lifted their sales.The sports stores related to the Kesko group ...
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Strong start for Skechers in running
Skechers said that its new performance and fitness ranges, GOrun and GOwalk, had enjoyed robust sales, and additional GO products were scheduled to be launched in the third quarter. The group is currently testing the products in its own stores and in some wholesale accounts such as Shoe Carnival, Famous ...
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Prince may file for bankruptcy protection
Prince Sports Group is reportedly considering filing for bankruptcy protection as it moves closer to defaulting on its debt. The tennis company was acquired by its management in 2007 with the support of Nautic Partners for more than $60 million.According to the New York Post, which cited unnamed sources, ...
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Taiwanese fitness suppliers team up
Fourteen leading Taiwanese fitness equipment manufacturers have teamed up in a move to improve the supply chain and efficiency of the entire industry. They have formed the S-Team, along the same lines as the tie-up between bicycle manufacturers that formed the A-Team a few years ago.The initiative was launched by ...
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JD will invest more in sports retail internationally
The U.K. is not an island anymore. Sports Direct International has already invested a lot in the development of its sports retail business in various European countries. The recent investment of Dick's Sporting Goods in JJB Sports (see previous issue) indicates a similar development, mirroring the acquisitions made last year ...
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Intersport moves into Lebanon
Lebanon is the 42nd country in which the Intersport banner will be represented. The license agreement signed by Intersport International with ABC, a strongly established Lebanese retail group, should lead to the short-term opening of 10 multi-sport and multi-brand stores in the country, with a surface of between 600 and ...
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Sales turnaround for Go Sport
In an apparent turnaround, Go Sport has reported a 7.6 percent increase in its sales on a comparable store basis and in constant currencies for the first three months of 2012, with gains of 6.7 percent for its Go Sport stores in France, 9.7 percent for its Courir chain of ...
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The French sports market grew by 2% in 2011
The French sporting goods market rose by “about 2 percent” last year, according to the French sporting goods retailer association, FPS, reaching a record level of €9.31 billion. The figure includes sales of bicycles (see the next article), ski rentals and other categories that are not always counted by similar ...
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…with bike sales rising by 5%
Retail sales of bicycles, components and accessories grew in France by 6.5 percent in value in 2011 to an estimated €1,350 million and by 5.5 percent in volume to 3.2 million bikes. It was the first year of growth since 2007. France is the third-largest market in Europe for bicycles ...
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Adidas will sell fewer products better
Adidas wants to reduce its product range by about one-quarter as a means to cut costs and improve its stock turnaround, said Herbert Hainer, chief executive of the Adidas Group, in an interview published a few days ago in the Frankfurter Allgemeine Zeitung (FAZ).Hainer said that the group was selling ...
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Coalision merges with Pull-In
Pull-In is a fast-growing apparel company on the French Basque coast specializing in sports underwear, swimwear and other garments for the action sports sector whose sales were reported at €17 million in the past year. It has been acquired by Coalision, the Montreal-based company that owns Orage, Lolë and Paradox, ...
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Wintersteiger: new chief after a record year
Effective June 1, Reiner Thalacker will be the chief executive of Wintersteiger, the Austrian machine construction and ski service company. The position of chief executive is new. Previously, the company has been led by three top managers: Roland Greul, chief financial officer; Walter Aumayr in charge of technology and production; ...
