Latest Headlines – Page 361
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Bosco Sport is looking outside Russia
The Russian brand of sports lifestyle clothing opened its first store outside Russia and Ukraine at the end of March in the recently inaugurated Westfield Stratford City shopping center of London, the largest one of its kind in Europe. It is voluntarily placed next to the Olympic Park, where Bosco ...
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Nike will likely sponsor Brazil and Rio 2016
The rumor that the Swoosh is going to sponsor the Brazilian Olympic Confederation (BOC) as well as the organizing committee of the 2016 Olympic Games in Rio de Janeiro has been going on in Brazilian industry circles since our recent trip to the country last January, in preparation for a ...
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Vulcabras reports its first loss in nine years
Vulcabras' gross operating revenues plunged by 20.5 percent to 1,864.1 million Brazilian reais (€772.2m-$1,010m) in 2011, with a 24.8 percent drop in the fourth quarter. With the Olympikus and Reebok brands, the sporting goods market represented 71.1 percent of the group's revenues, and its athletic footwear sales dipped by 21.7 ...
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Alpargatas claims market share gains
Alpargatas is investing heavily in its two in-house sports brands, Rainha and Topper, while strongly developing its sales of Mizuno and Timberland, for which it has the distribution in Brazil. The Brazilian company has also extended its deal with Mizuno to Argentina, as it raised its control over the Argentinian ...
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Surprising resignations at Adidas in India
The two leading executives of the Adidas Group in India were suddenly replaced at the start of this month. Subhinder Singh Prem, group managing director in India, and Vishnu Bhagat, chief operating officer, both left the company. Claus Heckerott, a Canadian who has been vice president of finance for the ...
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Casall unfurls multi-year plan for U.S. market
Casall, the Swedish fitness company, is starting afresh in the U.S. market, with a distributor that will begin by focusing on online sales. Casall has sealed a deal for this purpose with Bayer Distributors, a company based in Toledo and run by Morgan Bayer, who already headed less-organized efforts to ...
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Dick’s invests in JJB Sports
Dick's Sporting Goods, the world's third-largest sporting goods retailer after Oxylane and Foot Locker, has agreed to invest at least £20 million (€24.1m-$31.8m) in JJB Sports, in an investment and financial package that could see Dick's end up with a majority stake in the beleaguered British sports retailer. If ...
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Décathlon’s parent sees slower growth
Oxylane, the French company that owns Décathlon and other sporting goods retail operations, reported an 8.8 percent increase in its turnover to €6.5 billion for 2011. The group's overall growth slowed down by 1.1 percentage points compared with the previous year. On a comparable store basis, its growth fell to ...
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Décathlon has reached a mature stage in Germany
Décathlon is going through a major development in Germany, justifying a dedicated distribution center for the country. Located in Schwetzingen, not too far from the French border, the first module of the €40 million warehouse is set to go on stream with a surface of 30,000 square meters one year ...
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Accell in talks for Raleigh takeover
Accell Group is in exclusive talks for the potential takeover of the Raleigh Cycle Group, which would neatly complement the Dutch bicycle and fitness group's assortment with several strong brands that hold sizable shares in the British, Irish and North American bicycle markets.René Takens, chief executive the Accell Group, said ...
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Sport Danmark is to change equity structure
A letter recently sent by Sport Danmark to employees and partners working with its affiliated Sport-Master and Sportsmann Gruppen stores announced plans for a change in the cooperative's business structure. According to the letter, Sport Danmark's current business model of a retail cooperative will soon be converted into that of ...
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Intersport Danmark partners with Ny Form
After losing roughly 25 retail stores following the pullout of the Sport 24 chain from its network last January, Intersport Danmark has formed a new partnership in an attempt to regain lost turnover. The new retail partner is Ny Form A/S, which will soon convert roughly 10 of its locations ...
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Dosenbach-Ochsner defends its market position
Dosenbach-Ochsner, the leading Swiss shoe and sports retailer, suffered – much like its competitors in the country – from the weather and the effect of a strong Swiss franc last year. The total turnover of the company posted a 5.9 percent decline to 893 million Swiss francs (€741.8m-$988.1m) from CHF ...
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SportXX goes online in Switzerland, too
SportXX, the big Swiss retail chain, has just launched its own internet offer at sportxx.ch. The new site is not only a mere platform for online shopping, but it also allows customers to check the availability of items in the company's physical stores. This function will invite customers to drop ...
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Wax and apparel inflate Swix’ sales
Swix Sport Group, the Norwegian winter sports equipment and apparel group, lifted its sales by about 8 percent to 604 million Norwegian kroner (€79.8m-$106.3m) last year, with sizable increases in both equipment and apparel.The sales increase partly stemmed from the acquisition of Toko wax, which Swix bought from Mammut Sports ...
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Airesis sees good progress
Airesis, the Swiss-based parent company of Le Coq Sportif and Boards & More, reported consolidated net income of 5,539,000 Swiss francs (€4.6m-$6.1m) for its shareholders in 2011, up from CHF 4,483,000 in the previous year, in spite of a marginal drop in consolidated revenues to CHF 169.4 million (€140.7m-$187.5m), due ...
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Retailers warn of disruption in Chinese sports market
Just three years into a recovery that required store closures and a large-scale cleanup, the Chinese sports retail market is rumbling again, as increasing costs and weak sell-through are putting heavy pressure on the country's sports retailers and leading to unprecedented concentration.The situation was portrayed in a series of interviews ...
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Leading international brands tackle weak sell-through in China
The issues faced by Chinese sports retailers have been at the center of the strategies deployed by major sports brands in the last months: The international market leaders have launched far-reaching plans to improve their sell-through, while some Chinese brands have nearly halted their expansion plans as they tackle cumbersome ...
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Widening gap with secondary brands in China
The situation has formed a widening gap between the two market leaders and the secondary international brands, such as Puma. The company reported a double-digit sales expansion in China last year, but this comes from a very small basis: While Puma declined to provide detailed figures, our estimate is that ...
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Li Ning adjusts its strategies after a 5.8% sales drop
The tensions in the Chinese retail market were strongly emphasized by Li Ning Company as it confirmed a crash in its profits last year. This was partly due to the fact that the company had to buy back some of its products from retailers, as a means to reduce inventories.The ...
