Latest Headlines – Page 377
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Major South African retailer goes public
Holdsport, a company formerly known as Moresport that runs 33 Sportmans Warehouse and 18 Outdoor Warehouse stores in South Africa, went public on the Johannesburg Stock Exchange. The transaction gave the company a valuation of about 1.33 billion rand (€136.3m-$196.4m), resulting in a small capital gain for its major shareholder, ...
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Vibram takes over FiveFingers’ distribution in Europe
Vibram has amicably parted ways with Aicad, the Italian producer of Lizard sandals, by not renewing a contract that had given it the right to distribute its own line of FiveFingers shoes in Europe for the past five years. Aicad will have until the end of this year to clear ...
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Vibram attacks Fila over FiveFingers patents
Vibram USA and its parent company in Italy, Vibram SpA, filed a complaint last July 6 in a U.S. District Court in Massachusetts, alleging that the “Skele-Toes” range introduced by Fila USA last February infringes on three U.S. patents. The main patent, issued last Oct. 5, covers “footwear having independently ...
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Double-digit growth for Bike Expo
Messe München is coming into a closer competition with the Eurobike show organized by Messe Friedrichshafen as the schedule of its own bicycle trade show is going to move forward from July to an Aug. 16-19 date next year, when it will be rebranded as Ispo Bike.Still called Bike Expo ...
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Companies excel at a good Efttex show
EFTTA, the European fishing tackle industry association, reports a total of 1,630 daily visits at its 30th annual European fishing tackle exhibition, Efttex, which took place in Amsterdam last month. It was the second-highest attendance figure, and the organizers pointed out that it was attained in spite of the introduction ...
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Friedrichshafen’s numbers are up again
A total of 890 exhibitors – up by 3 percent compared with the previous year – welcomed 21,520 trade visitors at the OutDoor show held in Friedrichshafen a few days ago. The attendance figure, which accounts for visits per day, was up by 5 percent compared with 2010.The share of ...
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B&B puts out a « Supershow. »
Reminding the sports professional of a similarly named fair in Atlanta, the Bread & Butter trade show for selected brands, which took place on July 6-8 on the historic grounds of Berlin's-Tempelhof airport, celebrated its tenth anniversary under the motto 'The Bread & Butter Supershow'.About 580 exhibitors presented their new ...
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Analysis: The global athletic shoe market 2010
We published the results of our annual survey of the branded rugged outdoor shoe market in The Outdoor Industry Compass on Friday, showing a strong increase of 12.8 percent for 2010 in U.S. dollars at the wholesale level. Well, the data that we and our American colleagues have collected for ...
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The European sports market is recovering
Rebounding from the declines of 1.7 and 3.7 percent that they had suffered in 2009, respectively, sales of sports shoes and sports apparel recorded slight increases in value in the five major European markets in 2010, according to the online consumer panel of NPD Group. The corresponding table is on ...
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Prices are going up, more or less selectively
Cost increases have been experienced by practically every vendor of footwear and clothing products in the athletic and casual markets over the past 12 months, and more than 70 percent of them have decided to reflect them in one way or another in the prices that they are charging to ...
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Sports Direct takes majority share in fashion retailers
Sports Direct, the leading British sports retailer and wholesaler, is moving into fashion by taking over 80 percent of two British fashion retailers. For £7.0 million (€7.9m-$11.2m) in cash, Sports Direct took over control of West Coast Capital, which runs the USC chain of young fashion apparel; and Cruise Clothing, ...
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Macron gets new equity for expansion
An Italian equity fund, Consilium SGR, has acquired a majority stake of 50.1 percent in this Italian team sports apparel specialist through a major capital increase to sustain its strong growth and its expansion into new markets. The terms of the transaction were kept confidential, but the multiples are understood ...
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Pony is again riding in Europe via van der Kroft
Arthur van der Kroft, a former general manager of Converse in Europe, has obtained licensing rights for the Pony brand in northern Europe, and is about to relaunch it across several European countries. Almost absent from the European market for several years, the American sneaker brand feted its European comeback ...
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Wolverine may join M&A bandwagon, performs well
After the momentous recent acquisition of Timberland by VF Corporation, numerous smaller mergers and acquisition have taken place all of a sudden in the outdoor sector, some of which has obviously been timed to precede the big OutDoor show in Friedrichshafen. We have reported on them in the latest issue ...
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New leadership for O’Neill
Willem Haitink, general manager of Converse in Europe, has been poached by O'Neill by take over the leadership of the company, replacing Jan Valdmaa, the seasoned Swedish executive who has been running it for the last two years.Valdmaa has left the company to head up one or more new ventures ...
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Extrem’s founders buy back their brand
Backed up by three partners, the founders of Extrem, Stefan Cederberg and Patrik Söderlund, have bought back the alpine ski brand they launched in 1981 and the Swedish manufacturing facility of Skigutane, the Norwegian company that acquired Extrem three years ago.The three partners are Carl Geijer, who previously launched the ...
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New leader for new Turkish Intersport
Audin Kanatli, a former Nike and Levi's executive, has been appointed general manager of Intersport Atletik A.S., the new name of Intersport Turkey A.S., after the retailer finalized its acquisition by Fourlis Holding, the Intersport licensee in Greece, Romania, Bulgaria and Cyprus. The leading sports retailer in Turkey was previously ...
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Spanish industry records positive results for the first time since 2008
The Spanish sporting goods industry had a successful year in 2010, with positive results after two years of recession. With a 1.7 percent sales increase over 2009 to €5,078 million, 2010 indicates a slight recovery from the recession that started in 2008. It was pointed out, however, that most of ...
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Nike upgrades mid-term sales targets
After another robust quarter, the Nike group upgraded its five-year sales target, predicting that its turnover will reach between $28 billion and $30 billion for the fiscal year ending May 2015. Only last year, the company had targeted sales of $27 billion by the end of the five-year period.Unveiled at ...
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Nike powered ahead in the last quarter
The daylong investor meeting in Beaverton came the day after Nike released its results for the last quarter of its fiscal year, until the end of May. While the Nike group moved full steam ahead in most markets, its sales were still sluggish in Europe. Orders indicate that underlying demand ...
