All News briefs articles – Page 506
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News briefs
The consumption of sporting goods products grew in France by...
The consumption of sporting goods products grew in France by 3 percent to €11.3 billion including bicycles in 2017, according to preliminary figures compiled by the country's sporting goods industry federation, Union Sport & Cycle. In particular, sales grew by an estimated 5.7 percent in footwear and by 2.2 percent ...
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News briefs
Trerè Innovation, which has lost a contract for the production...
Trerè Innovation, which has lost a contract for the production of X-Bionic garments and X-Socks socks and their distribution in Europe, has found a new client. Replay, the Italian denim brand, has agreed to license its socks and underwear products to the Italian knitter on a global scale, generating annual ...
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News briefs
Decathlon Russia has opened its first store that is not...
Decathlon Russia has opened its first store that is not attached to a shopping center, measuring 4,800 square meters of net selling space, after purchasing a land parcel of three hectares in a dormitory district of St. Petersburg. The company said it plans to add four doors in the same ...
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News briefs
The Federation of the European Sporting Goods Industry (Fesi) is...
The Federation of the European Sporting Goods Industry (Fesi) is urging fast ratification, by September at the latest, of the planned Free Trade Agreement between the European Union and Vietnam. It points out that Fesi members are already on the ground to address the remaining concerns about labor conditions in ...
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News briefs
Junior golf players in the U.K. and their parents want...
Junior golf players in the U.K. and their parents want to see more varied events and competitions, and juniors want opportunities to play fewer than 18 holes. These were some of the key findings from a study on junior retention undertaken by Sports Marketing Surveys with the Golf Foundation in ...
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News briefs
Sequential Brands, which owns and licenses And1, Heelys, Revo and...
Sequential Brands, which owns and licenses And1, Heelys, Revo and many other brands, reported an 8 percent increase in last year's revenues to $167.5 million, mostly from licensing, adding that And1 and its other action brands performed well. Adjusted Ebitda increased by 18 percent to $98.0 million, but the company ...
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News briefs
CORRECTIONS: Our Feb. 10 article on X-Bionic had a couple...
CORRECTIONS: Our Feb. 10 article on X-Bionic had a couple of mistakes. X-Technology is going to take over the distribution of X-Bionic and X-Socks in Switzerland from a company called Fuchs-Movesa – not from Pilz International, which is the South Korean distributor. Also, X-Bionic is not sponsoring the German ski ...
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News briefs
Action Sports Sportartikel is taking over the distribution of 2XU...
Action Sports Sportartikel is taking over the distribution of 2XU in Germany, Austria, Switzerland and the Benelux countries. Matthias Filser, who handled sales of the Australian brand of functional sports clothing in a similar territory through his own company, Filser Sport & Marketing, has been made head of triathlon for ...
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News briefs
Sport 2000 Germany has created two additional house fairs, called...
Sport 2000 Germany has created two additional house fairs, called Top 5, where its retail members can order between 50 and 70 percent of the merchandise from the five major suppliers – Adidas/Reebok, Nike, Puma, Asics and Under Armour – which all require early commitments from retailers. It will take ...
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News briefs
Myanmar has increased by 33 percent the minimum wage for...
Myanmar has increased by 33 percent the minimum wage for workers in the garment industry, which will be of MMK 4,800 (€2.9-$3.6) per day, or MMK 600 (€0.36-$0.44) per hour. The current basic daily salary is MMK 3,600 (€2.7-$3.3), a rate which was established in September 2012. The raise will ...
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News briefs
Diffusion Sport has just published its 500th issue. The 35-year-old...
Diffusion Sport has just published its 500th issue. The 35-year-old Spanish trade magazine, which has since changed ownership in 2015, was one of our first partners 28 years ago, along with various trade magazines in other European countries, exchanging contents to help us to launch SGI Europe. Jaume Ferrer and ...
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News briefs
Sumitomo Rubber Industries reported an operating profit of 4.4 billion...
Sumitomo Rubber Industries reported an operating profit of 4.4 billion yen (€33.4m-$41.4m) in 2017 for its sports segment, which includes the distribution of Babolat in Japan plus the global operations of Dunlop, Srixon, Cleveland Golf and XXIO. The segment's sales rose by 12 percent last year to ¥81.7 million (€0.62m-$0.77m), ...
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News briefs
Moody's has downgraded its rating of Boardriders' $450 million senior...
Moody's has downgraded its rating of Boardriders' $450 million senior secured term loan to a highly speculative level of B3. The loan will allow the parent company of Quiksilver to finance its acquisition of Billabong International and pay down debt. Moody's praised the terms of the deal but said it ...
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News briefs
Descente's sales grew by 6.5 percent in the third quarter...
Descente's sales grew by 6.5 percent in the third quarter ended Dec. 31, reaching 98.9 billion yen (€750.4m-$930.2m), but its operating margin declined by 0.4 percentage points to 5.6 percent and net earnings fell by 8.3 percent to ¥3,830 million (€29.1m-$36.0m). Lifted by the Descente brand, which represented 42.6 percent ...
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News briefs
China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
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News briefs
Peter Fresia, 51, is strengthening Leki's product development team, working...
Peter Fresia, 51, is strengthening Leki's product development team, working together with Christian Nordhaus. He will be responsible for hardware products. Fresia worked most recently as senior buyer at SportScheck for technical hardware, outdoor shoes and skis. The certified mountain and ski guide previously worked for Sport Schuster and as ...
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News briefs
Nike has won a case in the 9th U.S. Circuit...
Nike has won a case in the 9th U.S. Circuit Court of Appeals, which found that the Jordan logo did not violate the copyrights of a photographer, Jacobus Rentmeester. The court admitted, however, that Nike's Jumpman logo was obviously inspired by his photo. Rentmeester had already lost in a federal ...
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News briefs
New Balance will act this year as the technical sponsor...
New Balance will act this year as the technical sponsor of the Deejay Ten, a well-known fun race that involved nearly 80,000 runners in four Italian cities last year. Covering distances of five and ten kilometers, the fun run was launched in 2005 by Pasquale Di Molfetta, alias Linus, who ...
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News briefs
Protest, the Dutch action sports apparel brand, is gearing up...
Protest, the Dutch action sports apparel brand, is gearing up to move into the U.S. market. The Dutch company said that its business in the European market was stable, with subsidiaries in the German-speaking countries, France and the U.K., which allows it to start exploring the U.S. market. Peter Korver, ...
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News briefs
Two weeks before the formal release of the Adidas Group's...
Two weeks before the formal release of the Adidas Group's results for 2017, the company's chief executive reportedly indicated that its turnover increased in a range of 15 to 20 percent for the year to reach more than €20 billion. As reported by Reuters, Kasper Rorsted said at a conference ...
