All News briefs articles – Page 1108
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News briefs
The summer’s ISPO will feature for the first time the...
The summer’s ISPO will feature for the first time the “Greenhouse Project.” Featured at last winter’s ISPO, the Greenhouse Project gives young and unknown outdoor the brands the chance for exposure. This year the brands being presented are SolarMio of SolarFocus from Taiwan, NeverLost from Sweden and HiMountain from Poland. ...
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News briefs
Ashworth’s net income declined by 9 percent to $4,675,000 during...
Ashworth’s net income declined by 9 percent to $4,675,000 during the quarter ended April 30 on 2 percent higher revenues of $66,020,000. Operating income was off by 5 percent to $8,373,000, although gross margins improved by 190 basis points to 45.3 percent. European sales continued to grow, contributing to a ...
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News briefs
Adidas has successfully implemented a 4-for-1 stock split, with its...
Adidas has successfully implemented a 4-for-1 stock split, with its shares opening on to the Frankfurt stock exchange on June 6 at a more affordable price of €38.36, potentially widening the number of investors. The company’s name has changed from adidas-Salomon to adidas AG, but the stock trading symbol remains ...
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News briefs
The Russian sporting goods market grew by an estimated 16...
The Russian sporting goods market grew by an estimated 16 percent to $2,576 million in 2005, according to the organizers of the ISPO Russia fair, and there is strong potential for further gains as average per capita income grew by 27 percent. Correcting a previous article, ISPO Russia wants to ...
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News briefs
Like in December 2001, Elho Brunner has again filed for...
Like in December 2001, Elho Brunner has again filed for insolvency proceedings due to a dramatic drop in sales in the last years. The German company, which trades under the Elho, XS-Exers and Serac brands, employs 18 people. Citing higher orders, Thomas Brunner, general manager, promises massive cost cuts and ...
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News briefs
Scubapro is recalling some 670 Scubapro X650 Second Stage Regulators...
Scubapro is recalling some 670 Scubapro X650 Second Stage Regulators made in Italy and distributed in the USA since June 2005 because of a manufacturing error that may lead the main housing to change over time, causing the cover and diaphragm to become dislodged. While they pose a drowning hazard, ...
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News briefs
Spanish government authorities have accepted a request for a subsidy...
Spanish government authorities have accepted a request for a subsidy of €804,239 to AFYDAD, the Spanish sporting goods industry association, representing two-thirds of the cost of implementing an electronic data interchange platform developed for the sector. Called Sportmas, it is expected to link up initially a selection of 100 suppliers ...
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News briefs
J. Lindeberg will acquire full control of its distribution in...
J. Lindeberg will acquire full control of its distribution in the USA next July. It will reportedly buy back all the shares it doesn’t own in Triluxe Apparel Group of New York, which currently generates $10 million in annual wholesale turnover with the Swedish brand in the country.
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News briefs
Timberland has acquired certain assets of GoLite, a company in...
Timberland has acquired certain assets of GoLite, a company in Boulder, Colorado. GoLite apparel, equipment and accessories will continue to be developed and sold as an independent business by its founders, Demetri and Kim Coupounas. Timberland has set up a new division to develop GoLite footwear, headed up by Bill ...
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News briefs
Springboost’s director of operations, Phillip Percuoco, has been appointed as...
Springboost’s director of operations, Phillip Percuoco, has been appointed as sales director of the Swiss athletic footwear company for the U.S. market, where it is making some headways. A U.S. comfort shoe chain, Foot Solutions, has agreed to carry the line, while GSI Commerce will propose it on 15 websites, ...
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News briefs
Joe Mc Swiney, who has been building up Cascade Designs’...
Joe Mc Swiney, who has been building up Cascade Designs’ European business out of Ireland for the last 12 years, will move to the USA next month to replace the company’s founder, John Burroughs, as president of its worldwide operations. Burroughs will continue as chairman. A successor for Mc Swiney ...
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News briefs
Damien Huang has been hired by Patagonia as vice president...
Damien Huang has been hired by Patagonia as vice president of design, development and merchandising after more than ten years with The North Face, where he acted most recently as director of outerwear. He recently got an MBA at the University of California in Berkeley. His departure has triggered some ...
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News briefs
Sport Scheck, which belongs to the Otto Versand group, plans...
Sport Scheck, which belongs to the Otto Versand group, plans to work later this year with amazon.de, which had previously contemplated a partnership with Sport 2000 in Germany. The German sporting goods retailer will gradually offer the entire range of the products now offered on its own sportscheck.de website on ...
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News briefs
Strata Partners, which runs the Orange Fitness and City Fitness...
Strata Partners, which runs the Orange Fitness and City Fitness chains of fitness studios in Russia, has signed a strategic partnership with Sportmaster, the leading Russian wholesaler and retailer. Sportmaster will supply its clubs with equipment by Life Fitness, Hammer Strength, Paramount, Concept 2, LeMond and other brands. Sportmaster will ...
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News briefs
Foot Locker doesn’t want to comment on reports that it...
Foot Locker doesn’t want to comment on reports that it is up for sale. Documents have apparently been exchanged already with some potential bidders, but none of those mentioned in the press so far – Apollo Management and Thomas H. Lee Partners is a strategic investor. Some action is expected ...
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News briefs
The European Commission is set to hold a technical meeting...
The European Commission is set to hold a technical meeting on June 29 in Brussels with all the interested parties to review possible changes in the current provisional anti-dumping duties on leather shoes from China and Vietnam prior to the adoption of final measures by next Oct. 7. One possibility ...
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News briefs
Deckers Outdoor Corp. has hired Jim Van Dine, who left...
Deckers Outdoor Corp. has hired Jim Van Dine, who left as president of Keen Footwear a few weeks ago, along with his consultancy, to help on a variety of projects involving strategic planning, brand development and more efficient operations. Van Dine worked previously at Keen together with Angel Martinez, current ...
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News briefs
Puma has decided to take its swimwear in-house, to be...
Puma has decided to take its swimwear in-house, to be launched for the Spring/Summer 2007 season, after terminating early this year a licensing contract for the European market with an Italian company, Le Bonitas, which had started at the end of 2003. Meanwhile Christopher Nörskau, a member of Puma’s global ...
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News briefs
Diadora’s gross turnover, which includes royalties on licenses but not...
Diadora’s gross turnover, which includes royalties on licenses but not the licensees’ sales, declined by 5.9 percent in 2005 to €164.1 million. Total branded sales of footwear were off by 4.0 percent to €109.1 million, with direct shoe sales down 7.2 percent to €72.2 million and licensed shoe sales up ...
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News briefs
Maxim Ignatiev, who recently sold the distribution of Reebok in...
Maxim Ignatiev, who recently sold the distribution of Reebok in Russia and the other CIS countries to Adidas, is adding two more full-line fitness clubs in St. Petersburg this month and in Moscow in November, building the network to 7 clubs, each with about 3,000 members. Further growth is projected ...
