Latest Headlines – Page 367
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A bullish Adidas weighs new acquisitions
The Adidas Group may continue to make small acquisitions like last year's $25 million takeover of Five Ten, but it is unlikely to engage in share buybacks or in large takeovers this year, according to Börsen-Zeitung, a German newspaper that quoted Robin Stalker, chief financial officer. This may lead the ...
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Warrior Sports replaces Adidas as Liverpool’s sponsor
Warrior Sports, the team-sports subsidiary of the New Balance group, will replace Adidas as the new official supplier of the Liverpool football club in England for the next six years. The contract will take effect from June 1 and will see Warrior developing Liverpool's uniforms and training clothing. The U.S. ...
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Continued strong progress for Bauer
The leading Canadian-based hockey company claims that it is gaining further market share as it reports a 26.6 percent increase in revenues to US$100.3 million for the second quarter ended last Nov. 30. Bauer Performance Sports attributes its continued strong momentum to a series of innovative products, such as its ...
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Kjus appoints new execs; improves its handicap
LK International AG, the marketer of the Kjus brand, is about to shuffle its management in various positions: Timo Regier, the new head of global sales who joined the company from Callaway Golf last July, has been promoted to the executive board. Marc Biver, member of the supervisory board, is ...
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Intersport Eybl starts to offer Seven Summits outside Austria
Intersport Eybl, the large Austrian sports retail chain, has big ambitions for its private label of outdoor and winter sports products, Seven Summits. It has announced plans to sell the brand outside its home market through distribution partners in other countries. Officially, the company said that it would be interested ...
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Wolverine’s growth softens
Wolverine World Wide expects to report sales increases of 5.7 percent for the fourth quarter and 12.8 percent for the full financial year. Net profit for the year will thus end up at the low end of the management's previous guidance on total sales of around $1,409 million.Europe, the Middle ...
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Gore-Tex shuffles its product categories
Gore-Tex is revising the nomenclature of its range of apparel laminates to make it as easy as possible for consumers to understand the uses of the company's various products. Therefore, Gore has decided to cancel former sub-brands such as Paclite, Soft Shell, Pro Shell and Performance Shell. These terms will ...
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Johnson targets rapid expansion in gym equipment
Johnson Health Tech, the Taiwanese fitness company, has set itself a target of tripling the sales of its commercial fitness equipment range over the five-year period until 2015, as gyms are diversifying and the company is widening its product range, with some interesting novelties in the pipeline.The target is based ...
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Vuarnet wants to be back in sports
While launching the first store under its name in Europe, Vuarnet, the French brand of winter sports apparel and sunglasses, wants to return to the sportswear market and to open stores around the continent in the coming years.The company that runs Vuarnet licenses is based in Switzerland and is managed ...
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Harvard compares ‘barefoot’ shoes with traditional running shoes
A recent study conducted at Harvard led by professor Daniel Lieberman evaluated the performance of minimal, or “barefoot,” shoes in running. It looked at the effects minimal shoes versus traditional shoes had on running economy, and found that minimal shoes have the edge. The study collected data on knee flexion, ...
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Sporting goods stocks rise by 2.7% globally
Sporting goods suppliers are retailers around the world were worth $191.3 billion on stock exchanges at the end of 2011, just 2.7 percent higher on a weighted average basis than at the end of 2010, according to an annual study by Sporting Goods Intelligence.The industry's stock market capitalization remained flat ...
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Blacks has received some takeover offers
The leading outdoor retailer in the U.K. had announced just before Christmas that it had not received any firm offers for its takeover, but this was evidently due in large part to the weight of its net debt, which amounted to about £36 million (€43.5m-$55.9m) as of last Dec. 5. ...
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JJB’s holiday boost doesn’t mean smooth sailing
In the four-week holiday season through Dec. 26, sales at JJB Sports rose by 5 percent on a like-for-like basis, as compared to the same period a year earlier, and its cash gross margin grew by 6 percent. However, analysts have warned against too much optimism, noting that the comparable ...
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Under new ownership, American Golf looks beyond the U.K.
American Golf, the leading British golf retailer, intends to rapidly move into the rest of Europe after it was acquired by Sun Capital Partners, a U.S. private equity firm. A majority stake in the company was divested last month by Lloyds Development Capital (LDC), the private equity arm of Lloyds ...
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Scandinavian retail battle heats up with XXL’s expansion
The battle among leading Scandinavian sports and outdoor retailers is heating up, as the XXL Sport chain of megastores has gone on a leasing spree that will increase its total retail space by about 35 percent this year. Adding 30,000 square meters of extra space, the second-largest Norwegian sports retail ...
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Hot Tuna should find a buyer this month
Two months after announcing its sale, Hot Tuna expects to announce a firm offer by an unidentified buyer for the acquistion of its brand of surfwear and surf-Inspired streetwear later this month. While it has registered strong interest in the purchase, the management said it would investigate funding solutions and ...
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Yue Yuen sees margins shrink
The world's largest shoe manufacturer reported a 2.5 percent drop in net earnings to US$483.5 million after minority interests for the financial year ended last Sept. 30, in spite of a 21.7 percent increase in its total revenues to $7,045 million, as its gross margin declined by 2.3 percentage points ...
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Head works directly with Brazil’s biggest retailer
Heavy direct taxes charged by the Brazilian government, combined with high import duties and the high value of the Brazilian real, have caused Head's racquet sports products to cost between 80 and 100 percent more there than in the U.S. To help reduce the gap, Head signed a direct distribution ...
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New sports marketing strategies at Asics
Asics is starting a new global brand campaign focusing on everyday athletes. Showing the regular effort, dedication and team spirit of sportspeople, the campaign will use TV, print and digital media. Titled “Made of Sport,” it was created by 180 Amsterdam and will be broadcast in Europe, Asia and Oceania.Meanwhile, ...
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Bridgepoint acquires Infront
Infront Sports & Media is a major distributor of media and marketing rights, media production, hospitality and other services related to sports events, totaling more than 3,300 event days per year. It has partnerships with 120 clients and hundreds of sponsors and media companies.Bridgepoint Capital, a major European private equity ...
