Latest Headlines – Page 436
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Newsport Is Looking For A New Partner
The Spalding footwear contract marks a new direction in the development of Newsport, an interesting company that has been acting until now mainly as a trader or re-seller of sports shoes. It has been fulfilling an important role in Italy, as outlined in our new market research report on this ...
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Russell's Tie-up With Fruit Works Well
In the U.S., Spalding is being run together with Russell. In Europe, Spalding is run from Ireland while the Russell Athletic brand is led from Belgium. However, Claude Troisfontaines, who has been responsible for Russell Athletic since 2000, has been acting as a strategic adviser on Spalding’s board. In ...
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New Equity For Booming American Apparel
Lion Capital has made an investment of $80 million in American Apparel in the form of notes and warrants expiring in March 2016, entitling it to 18 percent of the capital if converted into shares. Without this equity infusion, the company might have been forced into Chapter 11 bankruptcy, according ...
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Another Look At Boardsports Shoppers
Further results have come in from the EuroSIMA Cluster’s study of 15- to 35-year-old boardsports consumers conducted by Arcane Institute last summer (other results were published in SGI Europe, Vol. 20, No. 11+12). The growth of the internet is clearly seen, as almost as many participants – 26.0 percent – ...
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Jjb Gets Extra Time To Sell Fitness Clubs
JJB Sports has extended its arrangements with its lenders - Barclays, HBOS and Kaupthing - allowing it to delay making payments to them without any extra fees, in view of the negotiations still going on over the sale of its profitable fitness clubs. The arrangements, which were to expire at ...
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Kipsta Gets Its Own Grand Home
Oxylane, the former Décathlon group, is continuing to invest in its private labels through the construction of a global design, development and training center dedicated to Kipsta, the retailer’s own brand for team sports. The company is planning to invest €10 million in a site of 8.5 hectares called L’Union ...
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Decathlon Invests More In Logistics
Oxylane is making big investments in new logistic facilities in France, Spain and Italy to improve operations and to cope with their expansion. These kinds of investments are crucial for the world’s largest integrated sporting goods retailer, because its Décathlon stores are designed to hold no stock. In southeastern ...
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Sport Eybl And Sports Experts Start With Sales Growth Into 2009
In the first half of the fiscal year ended last Feb. 28, Sport Eybl & Sports Experts AG generated a double-digit increase in revenue. The target for the full year is to register an increase of 3 percent over the previous year. The compay’s chief executive, Peter Wahle, credited the ...
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Sport 2000 Austria Is All The Way Up
The retailers affiliated with Sport 2000 Austria increased their sales significantly in 2008. Turnover at retail prices after VAT grew from €337 million to €355 million. The number of retailers was up to 278 from 272, while the number of doors increased by five to 430. The healthy development ...
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Athleticum Is In A Good Shape
Athleticum, the Swiss specialty sports chain, increased its sales by 7.6 percent to 205.4 million Swiss francs (€134.2m-$182.3m) in 2008. On a comparable basis, sales grew by 4.1 percent, but the chain added two doors, reaching a total of 22 units 20. For 2009, Athleticum plans to open three more ...
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Nike Reports A Small Sales Increase But Europe Is Down Sharply
Even Nike felt the pinch of the contracting global economy as it launched wide-ranging restructuring measures in reporting that its sales declined by 2 percent to $4.4 billion for its third financial quarter ended on Feb. 28. However, in constant currencies, the company’s sales still rose by 2 percent, prompting ...
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Nike Shuffles Geographical Structure And Gets Help For Specialty Markets
To reduce management layers and better focus on core business areas, the Nike brand will be reorganized into six new geographical divisions: North America, Western Europe, Eastern/Central Europe, greater China, Japan and emerging markets. There were previously only four geographical areas: the U.S., the rest of the Americas, Europe/Middle East/Africa ...
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Improving Diadora Cuts Costs But Doesn’T Exclude A Change Of Ownership
Diadora improved its results last year, but its management is not sure whether the pool of 12 banks that lent the company six-year loans of about €60 million will want to impose new conditions for their scheduled renewal next month. Anyhow, to help increase profitability further and in view of ...
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Warrior Seeks To Dominate The Ice Rink
While expanding its footprint in hockey and other categories fast, partly through acquisitions, Warrior Sports, the American company bought by New Balance five years ago, is making big strides into the European market. Just before the last Ispo show, where it had a booth full of new products, Warrior bought ...
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Profits Drop For Peakperformance's Parent, Prompting Action In Spain And China
First-half results are in for IC Companys, and while it managed to eke out a 1 percent increase in sales to 2,041 million Danish kroner (€273.9m-$373.2m), the operating profit dropped by a third to DKK 202 million (€27.1m-$36.9m). The unfavorable market was blamed for the decline, and comparable store sales ...
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Pgb Gets The Global Calvin Klein Golf Apparel License
Premium Golf Brands (PGB), the new Irish-based golf distributor, has expanded its European licensing deal with Calvin Klein Golf into a multi-year global licensing agreement. PGB was formed in January 2008 after a tie-up between Eurostyle, an existing Irish golf distribution business; Grahame Jenkins, former managing director of Ashworth ...
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New Licensees For Callaway And Ping Golf Clothing
Simon McGuigan is setting up a company in the United Kingdom to take over in a few weeks’ time the European apparel license for Ping in Europe. The golf brand’s European license has been in the hands of Umbro for several years but Ping decided to switch after the U.K. ...
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Reshuffling In Golf Distribution
Several leading golf brands are reshuffling their distribution in the French market, which is badly suffering from heavy discounts, appalling weather and the economic downturn. The number of games played in the last months has declined sharply compared with last year, and some of the tourist-oriented French courses reported drops ...
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Erke Makes Strides In Europe
Erke continues to invest in international expansion after another year of speedy growth. The rise in its global sales slowed down to 28.2 percent in the last quarter but the Chinese company still ended the year with a sales increase of about 41.2 percent to nearly 2.9 billion renminbi (€313.4m-$425.4m). ...
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Olympics Boosted Li Ning's Results
Li Ning Company’s revenues jumped by 53.8 percent to 6,690.1 million renminbi (€722.9m-$981.4m), and other results followed a similar pattern. Gross profit grew by 54.6 percent to RMB 3,220.4 million (€348.0m-$472.4m), while operating profit surged by 57.4 percent to RMB 960.2 million (€103.8m-$140.9m). The Chinese company’s earnings before depreciation and ...
