Latest Headlines – Page 417
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Not Easy For Puma To Take Over The Distribution In Spain
Puma confirmed reports that it has established a fully owned subsidiary in Spain, after its 15-year distribution contract with Estudio 2000 expired at the end of last year. However, arbitration proceedings are going on between the two companies to settle their contractual relationship, apparently affecting the Spanish retailers’ ability to ...
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Pro Kennex Sets Up A European Platform
The once famous Taiwanese brand of tennis racquets, whose European sales reached a peak about 10 years ago, is trying to widen the limited circle of its distributors and retail clients on the continent through the establishment of a European distribution center in the Netherlands. The goal is ...
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Moncler’S Shareholder Seek An Ipo After Another Acquisition
The Carlyle Group said that it is planning to stafe an initial public offering for the Italian producer of high-end sportswear Moncler in about a year. However, before floating the business on the stock exchange, the private equity company is interested in buying another brand with annual sales of up ...
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Former Salomon And Dynastar Managers Launch A New Brand Of Outdoor Shoes
Jean-Luc Diard, the former chief executive of Salomon, and his former marketing manager, Nicolas Mermoud, have set up a new company, Hoka One One, to market a new brand of outdoor shoes called Hubbles. The first models for the next autumn/winter season are being presented at the Outdoor Retailer show ...
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Callaway Looks To India For Growth
Pointing to the rapid expansion of the Indian golf market, Callaway has opened a subsidiary in the country and signed an endorsement deal with Jeev Milkha Singh, the highest-ranked Indian golfer. The American company is responding to the growing number of courses and players in India, encouraged by the rise ...
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Asics Sees Potential In India In A Tie-up With Reliance
The Indian market is the target of another investment by Asics, the Japanese running footwear brand, which has struck an exclusive distribution deal with the mushrooming Reliance Retail group. Asics is to be sold in India from April through a mix of mono-brand stores and about 15 multi-brand stores operating ...
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Stable Snow Sports Sales Through Last November In The Usa
SnowSports Industries of America has released its audit of sales from August to November of last year, showing that overall sales were about the same as August-November 2008, but that equipment sales dropped significantly. The group says that buying trends were conservative in 2008, so in 2009 retailers’ sell-through came ...
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The Industry’S Market Capitalization Grew By 83.7% In 2009
The sporting goods companies listed on stock exchanges outperformed the global economy in 2009. Consumers preferred to cut spending on other items, and many industry executives enacted inventory reduction and cost-cutting measures that boosted their financial results and the investors’ confidence, particularly since the third quarter of the year. According ...
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New President And Ceo From P&G For Amer Sports
Roger Talermo, the 54-year-old Finnish executive who has been running the group since 1996, has relinquished his role as president and chief executive of Amer Sports and will resign from the company as of June 21. Until then, he will continue to work for Amer in a special role, assigned ...
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Karstadt Is Now In The Black And Ready For A Sale
Mentioning high traffic and good results during the Christmas selling season, Karstadt announced this week a major “Sparstadt” campaign (spar is German for saving) for its end-of-season sales, backed for the first time by TV advertising. Discounts of 30 percent are being granted on Adidas and Nike products as well ...
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Jd Buys More Chunks Of Canterbury
JD Sports has paid £1.6 million (€1.8m-$2.6m) to buy 100 percent of Canterbury International Australia and 51 percent of Canterbury of New Zealand. The cost includes £1.4 million (€1.6m-$2.2m) worth of assumed debt. JD bought the insolvent Canterbury Europe last August for £6.5 million (€7.2m-$10.4m). The British sporting goods ...
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New European Logistic Hub For Oxylane
Oxylane Group, parent company of Décathlon, inaugurated a new continental distribution center last month in the Delta 3 business park of Dourges, not far from its head office near Lille. The new hub, which has required an investment of €42 million, will centralize all the logistic functions of the group ...
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Nevada Bob’S Teams Up With Elverys In Ireland
Nevada Bob’s, the international golf retailing franchise, is set for rapid expansion in the Republic of Ireland following a deal with Elverys, the leading Irish sports retailer, which could be replicated in other European countries. The licensing deal will see the opening of two stand-alone Nevada Bob’s stores by Elverys ...
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Conte Of Florence Is Growing
The Italian sportswear company Conte of Florence expected to close 2009 with a slight increase in sales to €42 million from €40.3 million a year earlier. Sales and orders were partially supported by a reorganization of the group’s network of mono-brand stores. Orders from the group’s single-brand stores for ...
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Big Fall-out From Tiger Woods Scandal
While Nike is hanging on, AT&T has joined other companies in dropping the multi-year sponsorship agreement it signed last year with Tiger Woods. While they are obvious, the American telecom conglomerate did not cite reasons for the decision, but said it wished the golfer well. Its logo will no longer ...
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Big Market Growth In Norway
The Norwegian sporting goods market continued to grow strongly in the third quarter of 2009. It rose by 8.5 percent in the three months through last September, after an increase of 11.1 percent for the first six months of the year, according to the quarterly surveys of major retailers conducted ...
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Americans And Europeans Wear Different Athletic Shoes
NPD Group has conducted a study into what kind of athletic shoes are most popular in different regions and countries, and concluded that Americans are far more likely to wear white “on court” sports shoes with white socks than Europeans. Europeans tend to go for dark-colored athletic shoes with dark ...
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Epsi, A New European Platform For Collaboration In Sports Innovation
Innovation is one of the most important competitive tools that can determine the degree of success in the sporting goods sector. Companies operating in our industry are now invited to examine new opportunities to interact among themselves and various universities and laboratories all over the European Union on collective pre-competitive ...
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New Swiss Running Shoe Tops The List Of The Ispo Brandnew Awards
On Sports, a new Swiss company, has won the overall Ispo BrandNew award for its innovative running shoes. Their construction, with three-dimensional cushioning, enables the shoes to absorb vertical shocks as well as horizontal pressure waves. Called CloudTec, this system was invented by a Swiss engineer, together with Olivier ...
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Klaus Dittrich Replaces ‘Wutzi’ At Helm Of Messe München
Klaus Dittrich is officially taking over the top post at Messe München, the Bavarian state-controlled company that organizes Ispo, Golf Europe and many other successful trade shows. Dittrich, who has been with the company since 2002, takes over the responsibility of chief executive from Manfred Wultzlhofer, who has reached the ...
