Latest Headlines – Page 510
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Adidas Grows By 27.2% In Quarter
Buoyed by impressive sales growth in the fourth quarter, Adidas has achieved another year of double-digit expansion. The surge in sales reflects on-going expansion in the American and Asian markets, but after several quarters of sluggishness Adidas also performed vigorously in Europe, partly owing to the launch of products related ...
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New Management Reshuffle At Adidas
Erich Stamminger, president of the Adidas brand in the joint new Adidas-Reebok group, has promoted some of his closest allies to fill certain strategic positions in his team. All of the regional management positions have been upheld, but the company’s long-time creative director, Michael Michalsky, left the company earlier this ...
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Umbro Is Bullish After Improved Results
Umbro wants to become at least the #3 in football in every market in terms of sales of on-the-field products, in contrast with Puma’s ambition to be clear #3 overall, including lifestyle soccer products, but says its football-inspired lifestyle products should come to represent 5 percent of its global sales. ...
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Quiksilver Benefits From Rossignol’S Acquisition
The newly acquired operations of the Rossignol Group, including Cleveland Golf, were responsible for $192 million of the $198.3 million increase in the revenues of Quiksilver during the three months ended Jan. 31. No comparable year-earlier figures are available for Rossignol, but it seems that the group performed ...
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Lafuma Buys A Brand Of Tongs
The growing French outdoor group has acquired Bishoes, a French company specializing in high-end tongs which is going to complement nicely the product range of Oxbow. It boasts an operating margin of about 10 percent on sales of €1.2 million for 2005. Eric Maydew, a surf expert who founded the ...
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Pressure Mounts Around Eu’S Anti-dumping Duties
It’s almost certain that the European Commission will exempt all the so-called STAF (special technology athletic footwear) shoes coming into the European Union above €9 a pair from the anti-dumping duties proposed by Trade Commissioner Peter Mandelson (see previous issue). In spite of efforts by the Italian sporting goods industry ...
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Breaking the symbolic €1 billion barrier, France’s Groupe Intersport, which...
Breaking the symbolic €1 billion barrier, France’s Groupe Intersport, which is also responsible for Belgium and Luxembourg, reports a 5.7 percent sales increase in 2005 to €1,027 million. Sales in France grew by 5.9 percent, indicating further gains in market share, with increases of 11 percent for the Intersport stores ...
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Globetrotter inaugurated Europe’s largest outdoor superstore in Cologne last week,...
Globetrotter inaugurated Europe’s largest outdoor superstore in Cologne last week, indicating that four other large stores will follow in Germany over the next few years. The Cologne store, the sixth one in the German retailer’s network, measures 7,000 square meters on four floors and employs about 100 persons. Besides the ...
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Karstadt has appointed Christian Wilk as sales manager for all...
Karstadt has appointed Christian Wilk as sales manager for all its remaining 90 department stores as well as its 32 Karstadt Sporthouses, working together with Abram Nette who joined the group in a similar function in January. They will both report to Helmut Merkel, who runs the Karstadt Warenhaus subsidiary ...
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Seven, a large Italian supplier of daypacks, has signed a...
Seven, a large Italian supplier of daypacks, has signed a definitive agreement for the acquisition of Invicta from Diadora. The financial terms of the deal, which was partly handled by Bain & Co., were not revealed. Diadora, which has struck a licensing agreement with Seven in the apparel sector, says ...
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Accell Group has completed the acquisition of Seattle Bike Supply,...
Accell Group has completed the acquisition of Seattle Bike Supply, the leading American distributor and supplier of BMX bikes. Details on the purchase price were not disclosed. Seattle Bike Supply is described as a profitable company with 90 employees and an annual turnover of about $36 million. It has been ...
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Nike opened last week a store entirely dedicated to soccer...
Nike opened last week a store entirely dedicated to soccer on Amsterdam’s central shopping street, the Kalverstraat. The 90-squatre-meter outlet replaces a fan store of the Ajax football club, which endorses Adidas. Operated by Sport Shop, the Nike football store is offering football performance products as well as so-called off-pitch ...
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Quiksilver has decided to shut down its 130-square-meter Roxy store...
Quiksilver has decided to shut down its 130-square-meter Roxy store in the Les Halles district of Paris and to look for a new location elsewhere in the city. It will test out a new concept for the brand in Lyon. The new Quiksilver mega-store at Anglet is performing well, and ...
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In view of Billabong’s expanding door count in Europe, the...
In view of Billabong’s expanding door count in Europe, the company recently appointed Steve Hazell to the newly created position of retail manager for Northern Europe, which includes the UK. He was recruited from Ex Stores where he was managing director. Philippe Anglade, who has been with Billabong for about ...
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Stefan Engers will be leaving VauDe at the end of...
Stefan Engers will be leaving VauDe at the end of next week, just months after his position as marketing manager was taken over by Antje von Dewitz, daughter of the company’s founder. At the time Engers was appointed as technical manager, a new position which was meant to reflect VauDe’s ...
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Stride Rite Corp., which recently took over Saucony, has promoted...
Stride Rite Corp., which recently took over Saucony, has promoted Shawn Neville, who has been president of its Keds brand, to the position of group president for Keds as well as Saucony. He will get assistance from Michael Metcalfe, who has been named general manager of the Saucony brand, overseeing ...
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Nike has appointed Sandy Bodecker to vice president of sport...
Nike has appointed Sandy Bodecker to vice president of sport culture, a new position within the group. Bodecker, who aided the sports giant’s establishment in the realms of football and skate, will be in charge of Nike’s new sport-inspired footwear, apparel and equipment unit and will report to Charlie Denson, ...
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VF Corp. has promoted Eric Wiseman, former executive vice presidnet...
VF Corp. has promoted Eric Wiseman, former executive vice presidnet of its global brands division, as president and chief operating officer. He had started off in 1995 as head of JanSport. In another move,Martin Schneider, formerly with Gillette, has been named global chief information officer at VF. On the other ...
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A new chief executive will soon be appointed at Keen,...
A new chief executive will soon be appointed at Keen, which recently moved its headquarters to Portland, replacing Jim Van Dyne. As reported, Kirk Richardson has been named as president of the fast-growing brand. Contrary to our earlier report on Keen.
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Mark Nenow, previously global product director for footwear at Nike...
Mark Nenow, previously global product director for footwear at Nike ACG and world record holder in the 10,000 meters, has been named vice president of global footwear merchandising at Brooks, a new property of Russell
