Latest Headlines – Page 380
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Karstadt Sports performs well, splits from the group
A report in Textilwirtschaft, which could not be confirmed, indicates that the Karstadt Sports banner performed better than the rest of the Karstadt group in the fiscal year ended Aug. 31, 2010. While the group's net sales were down by 8.1 percent to about €3.3 billion, those of its sports ...
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JJB sees no recovery before three years
The restructuring of JJB Sports will not be easy, due in part to intense competition in the British sporting goods market, and the recovery will most likely take three to five years. That's what Mike McTigh, who became chairman of the company last Dec. 23, said in presenting its results ...
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Golf Europe is postponed
There will be no Golf Europe fair this year. Originally scheduled for Aug. 28-30, much earlier than usual in order to attract more softgoods brands, the project has failed to attract a sufficient number of participants to make it profitable. Attendance was also expected to decline because of holidays in ...
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New sales structure for Callaway in Europe
Nick McInally, currently the marketing director of Callaway Golf for Europe, the Middle East and Africa, is to going to be reassigned as of July 1 to the new position of European commercial director, heading up all sales activities throughout the EMEA region. McInally has been with the company since ...
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U.K., Spain hurt Quiksilver’s sales
The Quiksilver group suffered an underlying sales decline of 4 percent in Europe in the three months until the end of April, due to shrinking sales in the U.K. and Spain. However, the company enjoyed robust growth in countries such as Germany and Russia, and European orders are up for ...
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Lafuma reports new momentum for Oxbow
Represented by Oxbow, the surf segment of the Lafuma Group was the only one that registered a rather significant sales drop, falling by 5.5 percent to €30.1 million in the six months ended on March 31, while the group as a whole stopped the negative trend of the past two ...
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South Africa is Puma’s 12th African team
The South African Football Federation, which was previously sponsored by Adidas, is going to endorse instead Puma, starting immediately and lasting beyond the next two Fifa World Cups. Puma officials declined to put a figure on the contract, which raises to 12 the number of African football teams sponsored by ...
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Adidas expects an ROI from the London Olympics
Adidas estimates that it will earn about £100 million (€112.2m-$164.2m) in four years from the sale of merchandise related to the 2012 Olympics in London, which it has already launched in the U.K. market.The company is spending roughly the same sum to sponsor the event – including the cost of ...
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Concerns over the workings of Fifa
Adidas expressed concern about the corruption scandal that rocked Fifa a few days ago, saying that it wanted to remain a partner of the organization but that the row over alleged bribes was distressing for football and Fifa's partners. Adidas has paid about $250 million for its partnership with Fifa ...
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Burrda of Qatar eyes the international team sports market
Burrda Sport, a new brand of team sports apparel supported by Qatar funds, is starting to spread around Europe through a slew of licensing and distribution agreements, as well as sports marketing deals. After a launch in the U.K. last year, it will be introduced shortly in France, Belgium, the ...
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Eurazeo buys 45% of Moncler
A French investment company, Eurazeo, has agreed to buy a 45 percent stake in Moncler, the leading Italian producer of luxury down jackets and outerwear, for €418 million. The deal, which is scheduled to close in the third quarter of 2011, puts an end to Moncler's plans to hold an ...
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Maui Jim buys Zeal Optic
Maui Jim, a growing brand of sunglasses based in California and Hawaii, has entered a promising new market segment by acquiring Zeal Optics. This rather sophisticated sports eyewear company, based in Boulder, Colorado, specializes in the development and manufacture of snow goggles with a built-in GPS that measures altitude, skiing ...
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Will Na Li stir up the Chinese tennis market?
Babolat made a big coup at the Roland Garros tennis tournaments ended last Sunday, where it was the official supplier of the balls under a new five-year contract as well as the sponsor of the winners of the men's and women's finals. Elated by the sixth victory obtained at the ...
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Growing trade show in Valencia adds bikes
The organizers of the Sports Unlimited trade show in Valencia were very pleased with the results in the third year of the event. The Spanish fair, which can best be described as a negotiating forum, aims to bring together vendors and retailers and to offer them an opportunity for better ...
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Saucony and other brands lift Collective
Collective Brands' sales decreased by 1.1 percent to $869.0 million in the first quarter ended on April 30. Turnover at U.S. stores of the group's Payless Shoesource chain, which represents more than half of the group's business, was down by 8.8 percent to $498.4 million, due to lower traffic and ...
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Yue Yuen grows by 24.4% in 6 months
Yue Yuen Industrial increased sales by 24.4 percent to $3.302 billion in the first half ending March 31, while net profit increased by 9.2 percent to $230.1 million. Turnover from shoe manufacturing increased by 27.1 percent to $2.340 billion, underpinned by higher manufacturing volumes, up by 19.7 percent to 162.8 ...
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Fila Korea is among Acushnet’s new owners
Fortune Brands has agreed to sell The Acushnet Company, the big golf company that owns the Titleist, FootJoy, Pinnacle and Scotty Cameron brands, to a group of Korean interests for $1.23 billion in cash. That's roughly equivalent to last year's sales of $1.24 billion at Acushnet, which generated operating income ...
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Fila adopts a licensing mode in Europe
Licensing the brand to major retailers in some European countries is one of the strategies that Fila is pursuing to help rebuild the brand after several years of poor performance in the region. Structural changes are going to be made to adapt to the new organization and to support the ...
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Canadian Tire buys Forzani
Canadian Tire Corporation (CTC), a diversified retail group that operates 487 sporting goods stores in Canada, has announced a friendly takeover offer for Forzani Group, the Canadian licensee of Intersport International Corporation (IIC), forming a larger group with more than 1,000 sporting goods stores in the country. The transaction is ...
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World Federation moves to Bern
The World Federation of the Sporting Goods Industry is moving its head office from Lausanne to Ostermundingen, near Bern. WFSGI's general manager, Robbert de Kock, whose home is in the Bern area, says the move will cut rental costs in half and place the organization in direct contact with major ...
