Latest Headlines – Page 422
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Private Label Takes 13% Of The Market
The NPD Group has calculated that private label merchandise made up an average of about 13 percent of sales in the five largest European sports markets during the 12-month period to the end of June 2009. However, the market research company indicates that the weight of private labels in the ...
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Go Sport Sells Ellesse Exclusively In France
The French sports retailer has obtained a license to sell Ellesse in the French market. The brand, which had not been distributed in France for about five years, will be launched on an exclusive basis in Go Sport stores next year, providing a broad lifestyle range and focusing on tennis ...
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Jjb Seeks To Raise Almost £100 Million By Issuing Many New Shares
After much ado last week, JJB Sports is going ahead with a plan to issue shares to raise £94 million (€101.7m-$151.9m) net of expenses – more than its market value. The beleaguered British sports retailer, which narrowly avoided bankruptcy earlier this year, badly needs the cash after deepening losses in ...
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Lady Ashton Proposes 15 More Months Of Duties, Importers Disagree Strongly
The trade directorate of the European Commission has produced a lengthy document in favor of maintaining the current anti-dumping duties on leather shoes from China and Vietnam for 15 months, giving more time for the process of adjustment of the European shoe industry to be completed. It said the duties ...
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Euretco Sport Changes Structure
Euretco Sport, the second-largest buying group for sports retailers in the Netherlands, has reorganized its business to split buying from retail functions. Marius Rovers, who had been heading up the entire Euretco Sport unit, has become buying manager for the same unit from the beginning of this month, while the ...
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Anwr Bundles Activities In Its Sport 2000 Subsidiary; Steps Into...
ANWR BUNDLES ACTIVITIES IN ITS SPORT 2000 SUBSIDIARY; STEPS INTO SWISS SHOE Ariston-Nord-West-Ring, the big purchasing and marketing organization for shoe and sports retailers with more than 5,000 points of sale across Europe, is the new helm of Swiss Shoe, Switzerland’s footwear buying group. Effective Jan. 1, the group ...
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Garant Freshens Up, Brekelmans Quits
Garant Schuh + Mode, which has refreshed its corporate design by cutting out the “Schuh + Mode” from its logo to make it more international, has announced the departure of Richard Brekelmans, effective immediately. The 46-year-old Dutchman was managing director of the big Dutch subsidiary of the group, Garant Schoenen ...
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Eybl Reports Moderate Growth
Sport Eybl & Sports Experts, the market leader in Austrian sporting goods retailing with an estimated market share of 25 percent, increased its sales in the fiscal year 2008-09 ended Aug. 31. Turnover grew by 2 percent to €378 million. Compared with the previous year, the number of stores remained ...
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GO SPORT’S NUMBERS ARE STILL DOWN The Go Sport...
GO SPORT’S NUMBERS ARE STILL DOWN The Go Sport Group’s sales continued to deteriorate, with a comparable sales decrease of 7.7 percent for the third quarter. Go Sport’s comparable sales in Poland expanded by 3.3 percent for the period, but this failed to offset a drop of 6.6 percent ...
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Wool Specialist Buys Pro Quip
The Edinburgh Woollen Mill (EWM), a British supplier and retailer specializing in wool clothing and gifts, acquired Pro Quip last month. It intends to inject funding into the expansion of the golf apparel brand, which ranks second in the British market for golf weather protection, behind Sunderland. Pro Quip ...
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Fila Sees Global Sales Doubling In Next Five Years
The Korean-owned brand believes it can double its $1.3 billion in wholesale equivalent sales in the next five years, and also expects to be in a position to go public on the Korean stock exchange as early as next year. The comments were made at Fila’s semi-annual gathering of global ...
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Alpargatas Moves To Take Over Argentine Unit
The Brazilian footwear and sporting goods manufacturer São Paulo Alpargatas has asked the Argentine market regulator Comisión Nacional de Valores (CNV) to approve its plan to launch a bid to buy the outstanding shares in its subsidiary Alpargatas Argentina at a price of 3.40 Argentine pesos (€0.60-$0.89) per share. ...
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Wolverine Sees New Signs Of Recovery
Retailers are returning to more normal order placement patterns in the U.S., said Blake W. Krueger, president and chief executive of Wolverine World Wide, in commenting on better than expected results for the third quarter ended Sept. 12. He said the Chinese market is clearly recovering, while Western Europe seems ...
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New Sales Structure For Timberland And Smartwool In Europe
Timberland’s wholesale and retail operations will be steered by three managers in charge of different regions of Europe, while taking care of their national markets. They will continue to report to Richard O’Rourke, the company’s European general manager based in the U.K.. The British country manager, Paul Hays, will ...
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New Managers Make Kettler Fit For Future Growth
Kettler has created a couple of new management positions for its home fitness division to ensure future growth. The new appointments reflect the growth of this part of the company and the increased internationalization of its fitness business. From now on, the fitness division is now divided into three categories: ...
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Better Results For Le Coq Sportif And Boards & More
Le Coq Sportif, the French sports brand, has returned to profits in the first half of this year, after two years of heavy investments. Owned by Airesis, a Swiss investment company, Le Coq Sportif reported a sales increase of 37 percent to €40.4 million and a net profit of nearly ...
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International Business Helps Acushnet, Confident About Baby Boomers
Executives from Fortune Brands offered up details about the company’s golf segment at the recent J.P. Morgan Diversified Industries Conference. The company's golf unit, Acushnet, which consists of Titleist, FootJoy, Pinnacle and Cobra, generated $1.2 billion in annual sales last year. Sales outside the U.S. have grown by ...
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British Bust Huge Golf Counterfeiting Operation
A court case that opened in London last month delved into a scam of unprecedented proportions to sell fake golf clubs, an issue that is causing increasing headaches in the industry. The prosecutor said that investigators uncovered a global conspiracy with operations in several European and Asian countries, and fake ...
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Dutch Federation Settles Suit Against Euretco
A lawsuit filed by the Dutch federation of sporting goods suppliers, FGHS, against Euretco Sport, the country’s second-largest buying group, was withdrawn at the last minute after the two parties managed to come to a settlement. The organization had filed the case to fight a spate of price reductions that ...
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The World's Major Sporting Goods Retailers Grew By 4.6% In 2008
Together, the 72 major sporting goods retailers around the world increased their combined market shares further to 24.4 percent of the global sporting goods market, which remained stable at $284 million, according to NPD. Their combined sales reached $67.6 billion in 2008, but the economic crisis limited their growth to ...
