Latest Headlines – Page 401
-
Article
Strong Demand Strains Wolverine’S Supply Chain
Accelerating its growth rate, Wolverine World Wide is struggling to cope with demand after another significant sales increase in the third quarter and a jump of more than 55 percent in its order backlog. This was due to heightened demand for the group’s brands as well as widespread anxiety among ...
-
Article
Polish Distributor Is Going Massively Into Own Retail
Martes Sport, one of the leading sports distributors in Poland, is rapidly building up a large-scale retail operation. In the last two years it has already opened thirteen stores, all of them owned by the company, and intends to open more in the next two years to build up a ...
-
Article
Golf Europe Will Take Place Earlier
After discussing the long-standing issue with representatives of the international golf industry, the management of Golf Europe has decided to hold next year’s session from Aug. 28 to Aug. 30, about four weeks earlier than usual. The show will no longer coincide with the Oktoberfest, the annual beer festival in ...
-
Article
World’S Major Sporting Goods Retailers Gain Market Shares
Small growth on a currency-neutral basis in Europe and Asia helped the world’s largest sporting goods retailers to record a tiny 0.6 percent increase in sales on a weighted average basis in 2009, compared with 4.6 percent in 2008. Increases of 3.7 percent in Europe and 3.3 percent in Asia ...
-
Article
Nike’S Sales And Orders Grow Sharply, Forcing It To Use Air Freight
Nike is enjoying a strong rebound, pushing its sales up by 8 percent to nearly $5.2 billion for the first quarter of its fiscal year ended last month, equivalent to a rise of 10 percent in constant currencies. And the momentum is showing no signs of ebbing away, as Nike ...
-
Article
Russia And China Are Expected To Lead Adidas’ Growth
Herbert Hainer, chief executive of Adidas Group, told Bloomerg that he expects increases in revenues and profitability in the 2011 fiscal year, probably led this time by healthy performances in China and Russia. In Russia, where the brand enjoys a 65-70 percent market share, Adidas is forecast to grow by ...
-
Article
Intersport Enters Africa And Wants More Than 500 Stores In Asia-pacific
Intersport International Corporation has signed a non-exclusive licensing deal for the Egyptian market with the Azzam family, marking its first foray into Africa. The family’s 12 small stores in Cairo and Alexandria, which currently trade under different names, will be converted into Intersport stores. About 10 other bigger stores, measuring ...
-
Article
Bottom Line Sees Impressive Growth At Jd Sports Fashion
Revenues jumped by 18.5 percent at JD Sports Fashion for the first half of the fiscal year ended July 31, reaching £383.9 million (€451.4m-$601.2m). While the gross profit margin edged up by only 0.2 percentage points to 48.2 percent, the operating profit leapt by 29.6 percent to £18.6 million (€21.9m-$29.1m). ...
-
Article
Store Shutdowns And Czech Pullout Cost Lifestyle Sports €26 Million
Lifestyle Sports, which has been the leading sports retailer in the Republic of Ireland, suffered a heavy strategic and financial setback earlier this year as it resolved to pull out of the Czech Republic and to close down most of its stores in Northern Ireland. The company acquired the City ...
-
Article
United Brands Is Expanding Its Reach
United Brands of Belgium is expanding both its retail and wholesale operations. The group is targeting sales of about €40 million in two years’ time, on the back of organic growth as well as store openings. United Brands should have featured in our European retail chart for last year, ...
-
Article
Adidas Shifts Some Managers Around
Winand Krawinkel, marketing manager for Adidas’ Sports Performance and Sports Style ranges in Italy, will move to Cape Town at the end of the year to become managing director of Adidas South Africa. Krawinkel moved into the sports business as managing director of Fifa Marketing and joined Adidas four years ...
-
Article
Intersport Continues Its Association With Uefa
Intersport has signed a deal to continue its association with UEFA and Adidas for the 2012 Euro Cup football tournament, due to be staged in the Ukraine and Poland, as well as for the 2016 Euro championships in France. As in 2008, Intersport will be the official sports shop of ...
-
Article
Amer Sets Solid Goals For Future
Amer Sports has set out a strategy for future growth and improvement, setting new financial targets under its new chief executive, Heikki Takala, the former Procter & Gamble official appointed to replace Roger Talermo after many years as of last April. At a Capital Markets Day in New York last ...
-
Article
Technogym’S First-half Sales Up 21%
Technogym booked a 21 percent increase in first-half revenues to €150 million, thanks mainly to strong gains in emerging markets, and the group’s gross operating profits, Ebitda, increased by 25 percent. The company expects to finish the full year with sales of about €350 million compared with €305 million a ...
-
Article
Vickers Wants To Establish Nautilus’ Home Fitness In Europe
Having sold off its commercial fitness business, Nautilus has appointed a seasoned industry veteran, Alan Vickers, as director of international retail and business development, with goal to set up a new sales structure for the distribution of the U.S. company’s lines of home fitness equipment in Europe and other parts ...
-
Article
Peak Sets Up An Office In France
After several years of preparations, Peak Performance established its own business in France, in Sallanches, at the beginning of July. The unit is headed by Nicolas Kiffer, former manager at Plein Nord, which was the Swedish brand’s French agency for seven years. Kiffer remains involved in the management of Plein ...
-
Article
Norwegian Company Has New International Aspirations
Skogstad, a sports apparel brand that has been selling only in Norway so far, will strive to move into other markets by displaying its products at Ispo next year. The company is hiring an international sales manager who will be targeting other Scandinavian countries and Germany. Owned entirely ...
-
Article
Hong Kong Company Is Taking 31% Share Of Li Ning
Coolpoint Energy, an environmental technology provider in Hong Kong, has entered an agreement to buy a 30.9 percent stake of Li Ning Company. Coolpoint, which will change its name to Viva China Holdings, will provide services related to brand or product endorsement, sponsorship, and event management. The deal is contingent ...
-
Article
Crocs Looks Overseas For Better Bottom Line
Having made a recovery, Crocs is now looking to increase its profitability, and to do so it is looking outside the U.S. It already makes about 61 percent of its sales from international markets, but plans to expand its network of company-owned locations to more than 400 by the end ...
-
Article
Volcom Lays Out New Targets
Doug Collier, chief financial officer of Volcom, represented the company at the Goldman Sachs Retail Conference held in New York on Sept. 15, where he discussed strategic initiatives for the long term. He introduced Volcom’s “550/50/15” plan, whereby the company should reach revenues of $550 million by the end of ...
