Latest Headlines – Page 378
-
Article
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 ...
-
Article
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 ...
-
Article
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 ...
-
Article
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 ...
-
Article
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 ...
-
Article
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 ...
-
Article
Fila licenses key retailers in Europe
Fila Korea, which bought back the rights to the Fila brand in Europe, the Middle East and Africa (EMEA) earlier this year, has entirely changed its distribution setup in the region by sealing licensing deals with several leading retailers.The partners are JD Sports Fashion for the U.K. and Ireland, Sportmaster ...
-
Article
Fellows leaves Callaway amid losses, cutbacks
Callaway Golf has appointed one of its board members as its interim president and chief executive after the sudden departure of George Fellows earlier this week. The switch comes as Callaway is preparing heavy restructuring measures to return to profits, entailing job losses at all levels of the business.At the ...
-
Article
Dutch car importer buys Gazelle
Pon Holdings, a large-scale Dutch importer of cars and industrial machinery, among others, has reached an in-principle agreement with Gilde Buy Out Partners, the majority shareholder of Koninklijke Gazelle, to take over the leading brand in the Dutch bicycle market.Gazelle assembles an estimated 300,000 bicycles per year at its factory ...
-
Article
Sports Plc scouring acquisitions market
Sports Plc, the U.K.-based online retailer and brand owner, has launched an active search to acquire other companies, either other retailers or complementary brands. The search comes after several years of rapid growth for Sports Plc, which was launched 13 years ago and reached sales of about $40 million last ...
-
Article
EU regulates online retailing
The European Parliament has adopted rules on online retailing that afford more protection for consumers and add constraints for retailers. However, its new Consumer Rights Directive does not include the tougher demands that had been put forward by German parliamentarians – that online retailers should have the facilities to deliver ...
-
Article
Pentland Brands thrives in emerging markets
The Pentland Group's investments in emerging markets fueled a sales increase of 14.5 percent to £1,298 million (€1,439m-$2,084m) for the company last year. Several of Pentland's brands moved further into Asian and Latin American markets, leading to a growth of 28 percent in the group's wholesale sales in these two ...
-
Article
Peak expands in Spain and Poland
Peak Performance, the Swedish outdoor and winter sports apparel brand, picked ProAm Sport, a company in the Mega Sport group in Barcelona, to distribute its products in Spain and Andorra from the start of June. This company already markets brands from Rossignol to Dynastar, Lange, Haglöfs and FitFlop, among others.Peak ...
-
Article
Strong growth for Intersport in Austria
While benefitting from steadily positive weather conditions like other Austrian retailers, Intersport is gaining market shares in Austria on a same-store basis and expanding strongly in neighboring Eastern European markets. In Austria alone, Regio Plan, the local market research company, has assigned a share of 37.71 percent to Intersport in ...
-
Article
United Brands expands in a contrasted Belgian market
United Brands, the Belgian sports lifestyle retailer, outperformed the country's sports market by far with a sales increase of 8.2 percent to €38 million for the fiscal year ended in April. Excluding a store that was taken over in the sea resort of Knokke-le-Zoute last October, the retailer's comparable sales ...
-
Article
JD moves into Spain by taking Sprinter’s control
After an acquisition in France two years ago and another one in Ireland last April, JD Sports Fashion, the leading British sports fashion retailer, is moving into Spain by purchasing Sprinter, a sporting goods retailer with 47 large stores, mostly in the southwest of the country. Split into four trading ...
-
Article
Weaker sales at JD
JD Sports Fashion, the leading British retailer of sports lifestyle products, indicates that comparable store sales have deteriorated at its sports stores in the last weeks. In an interim management statement for the weeks from Jan. 30 until June 4, the company said that they dropped by 3.0 percent, while ...
-
Article
Deal quells unrest at Sport 2000 France
Activa Capital, the fund that holds 51 percent of Sport 2000 France, and retail members of this voluntary group said that they had come to an agreement about its management and strategy for the coming years. Approved by members representing more than half of the group's turnover, the deal puts ...
-
Article
Intersport and Cisalfa look for higher margins
Excluding the revenues of Intersport Italia, which it controls, Cisalfa Sport recorded only a slight increase in its revenues to €389 million in the financial year ended Feb. 28, compared with €386 million the year before, but its chief executive, Marco Giunta, said its profitability improved.For its part, Intersport Italia ...
-
Article
Growing Tecnica Group sells Think Pink
Responding to a takeover offer, Tecnica Group has sold its Think Pink brand of apparel to Man Socks Italia, a 20-year-old Italian knitwear manufacturer that makes socks, underwear and other items, partly under license with brands such as Fila and Australian. Run separately through a subsidiary, GB International, Think Pink ...
