Latest Headlines – Page 418
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Numerous Benefits For Active Seniors
A medical report published by the American Medical Association has confirmed that staying active keep you young. In a recent issue of its bi-monthly Archives of Internal Medicine, it reported the results of a revealing study of almost 1,900 people born in 1920 or 1921 who were studied over a ...
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The Anti-dumping Suspense Continues In Brussels
Meeting in a technical committee of the European Council, a majority of 14 out of the 27 member governments of the European Union supported yesterday the European Commission’s proposal to keep the current anti-dumping duties on non-athletic leather shoes imported from China and Vietnam for another 15 months, but opponents ...
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Lower Sales And New Boss For Jjb
JJB Sports reported yesterday a big drop in its revenues for the 20 weeks ended last Dec. 13, but indicated some improvement in margins and inventory levels. The announcement followed notification by JD Sports Fashion last Dec. 9 that it has sold its remaining 9.99 percent stake in JJB and ...
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Nice Growth At Sports Direct
Sales rose by 10 percent in the first half of Sports Direct International’s fiscal year, increasing to £756.9 million (€850.5m-$1,219.9m) during the 26-week period, which ended on Oct. 25. The company said that revenues got a boost from 5 to 6 percent more selling space in its stores. Despite the ...
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Sports Direct Buys A Golf Retailer
Sports Direct International (SDI), the leading British sports retailer, has acquired a minority stake in European Golf, a UK golf specialist, which will be handling the golf department of Sports Direct stores in the UK from next year. European Golf is a network of five stand-alone stores in England, ...
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Jjb’S Former Owner Develops His Retail Operations
A pack of former JJB Sports executives has switched to DW Sports Fitness, the retail banner launched by David Whelan for the stores attached to the 50 fitness centers that he acquired from the ailing sports retailer earlier this year. Whelan has entirely revamped these outlets and intends to ...
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Intersport Grows In Germany And Switzerland
ntersport Germany estimates that its retailers will reach a turnover at €2.57 billion this year. This figure is preliminary based on the headquarters’ figures by end of November. The result would correspond to an increase of 5 percent. Although we use a different definition of the market, Intersport estimates that ...
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Nike Sees Orders Stabilizing
Nike executives displayed an upbeat mood this week as the company’s orders stabilized in the second quarter of its fiscal year. At the end of November, orders for the Nike brand had increased by 4 percent compared with the same period last year, although they still slid by 1 percent ...
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Rossignol Sees The Light At The End Of The Tunnel
Denying rumors that the Rossignol Group’s strategic decisions are taking into account its possible takeover by Jarden Corporation at a later stage, the chief executive of the French company, Bruno Cercley, told SGI Europe they are all meant to continue to improve its financial results, even though they involve competing ...
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The Worst Is Apparently Over For Quik
The global recession led the Quiksilver group to post an 11.2 percent drop in revenues for the fourth quarter ended Oct. 31 to $538.7 million, down by 13 percent in local currencies, but its operations in Europe fared better than in the U.S. in terms of retail sales and orders. ...
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Flat Global Sales At Rip Curl, Drop In Europe
The Australian surfwear company is not quoted on the stock exchange, but company officials volunteered some figures for its financial year ended last June 30. Rip Curl’s global sales increased by just over 3 percent to more than 280 million Australian dollars (€173m-$248m), but were flat in terms of local ...
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Skiset Develops Overseas
The big European ski rental organization, is preparing to launch its banner in Scandinavia and Japan in the next two to three years, after the impressive take-off of its banner in North America this season. In the U.S. and Canada, Skiset has sealed franchising agreements with about 50 retailers ...
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New Garment Sizes Are Being Developed
The Hohenstein Institute and Human Solutions, a German maker of body scanning equipment, have partnered to conduct a comprehensive survey of body sizes in Germany. It is the first such survey since 1994 (women) and 1980 (men), and indicates that Germans are larger today than they were in the previous ...
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The Anti-dumping Duties Are Confirmed
The European Council voted today by simple majority to keep the anti-dumping duties on leather shoes from China and Vietnam in place for another 15 months. The vote is a victory for the Italian footwear industry association (Anci) and the Italian government, which have been in the forefront of the ...
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Double Coup For Italian Shoemakers On The Foreign Trade Front
Italy’s persistent shoe lobby won two important battles in Brussels and Strasbourg last Friday, although it has not yet won the war on either front. While it had not yet issued a formal document on this, the European Commission stood by its recommendation to extend the anti-dumping duties on Chinese ...
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Blacks Leisure Escapes Insolvency
At meetings last week, the creditors and members of Blacks Leisure Group and its subsidiary The Outdoor Group (TOG) approved company voluntary arrangements (CVAs) settling claims with the landlords of 101 stores that are closed or closing and another nine that had guarantees from the company. The landlords y will ...
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Foot Locker Slumps But Sees A Gradual Recovery On Both Sides Of The Atlantic
With a 7.3 percent drop in sales to $1,214 million and a flat gross margin at 27.1 percent, Foot Locker reported a net loss of $6.0 million for the third quarter ended Oct. 31. This compares with a net profit of $24.0 million for the same period last year. This ...
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Ski Republic Presses On Despite Problems
Favre Sport, the ski retailing group that launched Ski Republic in France, continues to expand this low-cost banner even though it was placed in receivership earlier this month. The network of rental stores was enlarged to 34 outlets in France for this season, and Favre Sport is sealing partnerships for ...
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Founder Of Five Seasons Buys Back His Company
Five Seasons, the Swedish outdoor and golf apparel company, has been bought back by its founder, Gunnar Johansson, almost exactly three years after he sold the company to EQT Opportunity, a Swedish-based investment fund. At the time, EQT also acquired Tenson and it later added Lundhags, two other Swedish brands, ...
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Sergio Tacchini Signs Up Djokovic
It’s a big coup for the Italian company, salvaged by a Chinese supplier in the spring of 2008, and it’s certain to lift its international image, particularly in China where the 22-year-old Serbian tennis player gained a lot of fans through his victories at the Shanghai Tennis Masters in 2008 ...
