Latest Headlines – Page 366
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New sales coordination for Europe at Head
Rainer Schramm, who has been the managing director of Head Germany since May 2000, has been promoted to the position of vice president of the group, reporting directly to Johan Eliasch, chief executive of the group, with additional responsibilities. From March 2012, Schramm will take on the position of European ...
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Skullcandy opens new head office in Europe
Confirming earlier reports in SGI Europe, Skullcandy, the American supplier of headphone for sports enthusiasts, opened a European sales office in Zurich last December. Hendrik Andersson, who previously worked as sales director for Europe, Middle East and Africa in the U.S. head office, has moved to the European sales office ...
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The German industry is confident for 2012
The German sporting goods industry federation, BSI, has increased its membership to 142 firms, including international market leaders such as Adidas, Puma, Asics, Fischer, Völkl, Marker, Lowa, Vaude, Tatonka and Kettler. The German sporting goods industry is the direct or indirect employer of 120,000 people, generating annual sales of €11.3 ...
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The World Federation has become healthier
Overcoming all its previous financial problems, the World Federation of the Sporting Goods Industry managed to post a profit of around 200,000 Swiss francs (€165,900-$218,300) last year on revenues of CHF 1.3 million (€1.1m-$1.4m). It's been a quantum leap from the situation in 2007, when Robbert de Kock took over ...
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Brazil: many opportunities and challenges
More than 100 people attended Forum Brasil, a conference organized by Ispo on the third day of its show this week. SGI Europe laid out some key facts and figures about the Brazilian sporting goods market, collected with Ispo's financial support. In summary, they show that the market is growing ...
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The start of Ispo reflects mixed emotions
Klaus Dittrich, chief of Messe München, which organizes the newly named Ispo Munich show, reported at last Tuesday's press conference that this year's event is set for more records – in spite of a difficult economic environment combined with challenging weather conditions in many parts of Europe and beyond. Again ...
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The numbers are not so good for Sport Zone’s parent
In a preliminary statement, Sonae Group reports a 2.9 percent drop to €1.23 billion in last year's revenues from its specialty retail subsidiary, Sonae SR, which owns Portugal's leading chain of sporting goods stores, Sport Zone, and a few other chains specializing in fashion and consumer electronics. The biggest drop ...
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New Era enters a new phase in Europe
A seasoned sporting goods industry executive, Paul Gils, has joined New Era to head up its European office in London. Reporting directly to Pete Augustine, president of the fast-growing American sports headwear company, he is acting as vice president, responsible for marketing, sales and distribution activities in the Europe, Middle ...
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Another seasoned executive makes waves in licensed apparel
Sports licensed apparel, which is not the same thing as team replicas, has been a big business in the U.S. for many years, but it is a relatively novel concept in Europe. Andrew Ronnie, a 43-year-old former executive of Ellesse who turned Diadora into a big success in the U.K., ...
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Callaway aims for a return to profits after a disappointing 2011
Callaway's president and chief executive, Tony Thornley, expects to book a profit in 2012 after posting “very disappointing” financial results in 2011. The improvement will be driven by product launches, a stronger marketing effort and cost savings. The coming months will also be marked by the expected appointment of a ...
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Under Armour to hire international chief
Under Armour finished last year with a buoyant quarter, lifting its sales by 33.9 percent to $403.1 million, with increases in all product categories. The rise was again driven by North America, where the brand's sales inflated by 35.3 percent, while they increased by 16.3 percent to just $26 million ...
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High Fidelity at Bread & Butter in Berlin
After celebrating its 10th anniversary last year in July with a “Supershow,” the Bread & Butter trade show once again exceeded the expectations of the international textile industry. Under the motto “High Fidelity,” the B&B show was organized for the sixth time on the historic grounds of Berlin's Tempelhof airport. ...
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L-Fashion completes its new European sales structure
Rounding up a major reorganization of its European sales network, L-Fashion Group has hired a country manager for Switzerland with a good pedigree to drive sales of its Icepeak and Luhta brands as well as Li-Ning, the Chinese brand that the Finnish group has had the right to distribute in ...
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Intersport feels it can rebound from a challenging 2011
According to preliminary data, the 5,000-plus stores affiliated with Intersport around the world suffered a decline in their retail sales of 2 percent in 2011 to €9.9 billion, including sales taxes, as compared to the record level of €10.1 billion achieved in 2010. On a same-store basis, the decline was ...
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JD buys Blacks, reports good figures
In its usual preliminary report on Christmas sales, JD Sports Fashion reported a 2.3 percent increase on a same-store basis for its sports stores in the U.K. and Ireland during the five weeks ended Jan. 7, whereas its fashion stores saw a decline of 0.7 percent. The British retailer's total ...
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Sports Direct will likely acquire Hot Tuna
As a small consolation for its failure to take over Blacks Leisure Group, Sports Direct International appears to be the favorite candidate for the acquisition of Hot Tuna, a British brand of surf and surf-inspired clothing that has gone through rough times in recent years, according to the British press. ...
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Poor year-end for the French Go Sport group
The French sports retail group is putting most of the blame on unfavorable weather conditions in France and Poland for a 6.0 percent decline in its sales to €170.9 million during the fourth quarter of 2011, with a drop of 4.8 percent on the basis of comparable stores and exchange ...
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Swix Sports puts on Lundhags and walks into outdoor
Swix Sport, the Norwegian sports company that markets the Swix, Ulvang, Bavac and Toko brands, has agreed to acquire Lundhags Skomakarna, the Swedish manufacturer of rugged footwear and other outdoor gear, from the EQT Opportunity Fund. The deal will be effective by mid-February. According to Swix there will be no ...
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Adidas manager becomes boss of Peak Performance
Effective May 1, Henrik Bunge will be the new chief executive of Peak Performance. The 38-year-old currently acts as the managing director of Adidas Group Nordic. Adidas has yet to name a successor to Bunge. The appointment of Bunge at Peak Performance came after the Swedish brand recruited Tobias Sachs ...
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Peak’s parent issues a profit warning
Meanwhile, IC Companys has issued a profit warning after being hit by warm weather and poor consumer confidence. The company reported flat sales and a decline of nearly 45 percent in its operating profit for the first half of its fiscal year, until the end of December. In a conference ...
