Latest Headlines – Page 487
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Nike Sees Sales Of $23 Billion By 2011
Excluding possible acquisitions, Nike is targeting global sales of $23 billion by 2011, compared with $15 billion for the 2006/07 financial year. Some 75 percent of the growth will come from the Nike brand’s focus on six key categories: basketball, running, women’s fitness, men’s training, sport culture and soccer. All ...
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New Round In The Poker Game Around German Football
The German Football Federation (DFB) has disclosed that Nike is offering €600 million over an 8-year period to become its sponsor after 2010. Nike’s offer includes an immediate signing bonus of €50 million and a similar sum for the German national women’s team, which won the world championships in 2003, ...
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Vf Denies Bid For Puma, Grows Briskly
VF Corp. remains hungry for acquisitions. It is still planning to add some more lifestyle brands to its portfolio, but company executives firmly deny a rumor earlier this week that it was preparing a bid for Puma, which has a much higher market capitalization. Meanwhile VF says its “Outdoor ...
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Nautilus Buys A Chinese Company
Nautilus is in due diligence for the acquisition of its largest contract manufacturer in China, Land America Health & Fitness, for $72 million in cash and shares. Twelve factories in China currently make 75 percent of Nautilus’ equipment, supplementing the production of Nautilus’ own two factories in the USA. The ...
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New Licensee For Mistral Softgoods
X-Wear, the Dutch distribution and licensing company owned by Ado Huisman, has obtained a large-scale European license for Mistral apparel, footwear and accessories. Over the last years Mistral apparel had been developed and sold by Boards & More, the holding company that controls Mistral, F2 and Fanatic. This strategy has ...
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Accell Moves Strongly Into Belgium
Accell Group, the Dutch bicycles and fitness company, has set its sights on the Belgian market with the acquisition of Brasseur, one of the country’s largest bicycle companies. Selling several brands of bicycles and a wide array of bicycle parts and accessories, Brasseur has an annual turnover of ...
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Slew Of New Products Help Callaway In 2006 With More On The Way
Several new product launches and high margins for Callaway balls and accessories helped to expand the company’s gross margin by 200 basis points to 34.0 percent in the 4th quarter, ended Dec. 31, and many more new products are on the way. The gains were slightly offset by lower margins ...
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Glenmuir Has Turned Around
This Scottish-based golf apparel specialist has achieved growth in revenues and profits after reorganizing the sourcing apparatus and supporting the brand with more marketing and with an expanded product range. Glenmuir’s revenues grew by double digits in 2006 from a stable level of £7.9 million (€12.0m,$15.6m) in 2005. There is ...
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Under Armour Will Double In Europe
This fast-growing American brand, which had a big stand at ISPO, estimates that its 2007 net revenues will rise by 30-35 percent to $560-580 million, ahead of previous predictions that called for 20-25 percent growth. The same is true for operating earnings, which are expected to increase by 30-35 percent ...
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Gore-tex Invests Strongly On Its Brand
W.L. Gore has no plans to expand its own range of functional sports clothing beyond the areas of cycling and running, as this could antagonize some of its licensees. However the company plans to spend €80 million on the Gore-Tex brand in marketing and POS merchandising in Europe over the ...
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Sales fell by 0.6 percent to $1,553 million for the...
Sales fell by 0.6 percent to $1,553 million for the Foot Locker group in its 4th quarter, ended Jan. 27, and comparable store sales were down as well. While European sales dropped by high single digits, they generated sold gross margins this time, helping the company to improve net earnings ...
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Steep sales declines in December strongly reduced the sales hikes...
Steep sales declines in December strongly reduced the sales hikes that members of the two largest German buying groups, Intersport and Sport 2000, had enjoyed over the previous months. Thanks to the World Cup of football and to sharp sales rises in January and July last year, Intersport stores still ...
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Sport Alliance, the Italian buying group affiliated with Sport 2000...
Sport Alliance, the Italian buying group affiliated with Sport 2000 International, has signed a exclusive 5-year deal with Gramicci, an American brand of outdoor clothing. In a precedent-setting move, it will not only treat it as an exclusive brand for its own retail members, but it will also build up ...
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The new Belgian partner of Sport 2000 International is the...
The new Belgian partner of Sport 2000 International is the Belgian Sports World chain of 22 stores owned by Mike Ashley and formerly called Disport. Ashley is already the exclusive buying partner of Sport 2000 for the UK. Ashley will use Sports World’s Belgian warehouse also to service the 9 ...
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The French Sport 2000 buying group estimates that its retail...
The French Sport 2000 buying group estimates that its retail members raised their sales by 17 percent to €550 million last year and predicts that they will grow further to €600-630 million in 2007. This doesn’t include its new network of Mondovélo bike stores, which should grow from 7 to ...
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L-Fashion Group has bought an 18-year-old Finnish company that markets...
L-Fashion Group has bought an 18-year-old Finnish company that markets a line of clothing for young women called Your Face, with annual sales of about €10 million. It has 10 shops and uses a very interesting merchandising concept that the company wants to use for its other operations. The group, ...
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Describing the move as a “historical step,” FESI, the European...
Describing the move as a “historical step,” FESI, the European federation of the sporting goods industry, announced at ISPO that all the major European ski manufacturers – Atomic, Blizzard, Dynastar, Elan, Fischer, Head, Nordica, Rossignol, Salomon and Völkl – have agreed on a common open protocol for RFID chips that ...
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The Italian snow sports market fared less well than others...
The Italian snow sports market fared less well than others during the 2005/06 selling season, based on data released by the Italian Ski Pool, which groups all the major brands in the sector. Total sales of snow hardware were down by 7.66 percent to €98.3 million, as compared to the ...
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Fischer, which made a strategic decision a few years ago...
Fischer, which made a strategic decision a few years ago not to enter the snowboard market, is introducing the Duke 07, a big high-speed mono-ski for powder skiing, intended for snowboarders who want to switch over to free-style alpine skiing. It’s going to be offered only to a few dealers ...
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Vincent Lamoureux, the 47-year-old Canadian who built up CamelBak’s presence...
Vincent Lamoureux, the 47-year-old Canadian who built up CamelBak’s presence in Europe and then ran its international operations, has become joint managing director of MET, the Italian supplier of bike helmets. He will be in charge of product development, sales and marketing, working together with Stefano Madu for production and ...
