All Sporting Goods Intelligence articles in Volume 23, Issue 35-36
View all stories from this issue.
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Article
ManUnited had a poor stock market launch
Manchester United's initial public offering (IPO) did not yield the expected proceeds, as the price of the shares offered to investors on the New York Stock Exchange had to be cut ahead of the launch on Aug. 10. Due to skepticism from investors, the shares were listed at $14, below ...
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Article
Rough riding for Heelys
Heelys suffered a rough quarter, with sales down by 31.0 percent to $5.7 million. The U.S. wheeled footwear company was hit by high inventories at the retail level, leading to discounts and a sharp decline in its gross margin and earnings. The company's U.S. sales dropped by 32.9 percent to ...
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Article
Tennis lifts Head
Brisk sales of tennis products have enabled Head to deliver another quarter of robust sales. After a surge of 17.1 percent in the first quarter, the Austrian company's sales jumped by 6.9 percent to €62.5 million in the second quarter. Adding up the two quarters, Head achieved a turnover of ...
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News briefs
The Quiksilver group has reportedly sought permission from the Indian...
The Quiksilver group has reportedly sought permission from the Indian government to form a majority-owned joint venture with Reliance Brands, its distributor and licensee in India. Quiksilver would own a stake of 51 percent in the business, enabling it to consolidate Indian sales into its global turnover. In January 2011 ...
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Article
Globe’s profit slips
Globe International announced net profit after tax of 0.1 million Australian dollars (€82,780-$103,690) for the year ended June 30, compared with A$1.1 million generated in the previous financial year. Net sales of A$82.3 million (€68.1m-$85.3m) were down by 6.2 percent, mainly due to the strengthening of the Australian dollar. In ...
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News briefs
Indian newspapers report that a group of Reebok retail franchisees...
Indian newspapers report that a group of Reebok retail franchisees is protesting about the new trading terms proposed by the Adidas Group as part of its cleanup measures for Reebok India, arguing that they are not viable for the retailers. The Adidas Group is striving to alter its relationship with ...
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Article
Foot Locker posts new record results
Net earnings jumped by 59.5 percent to $59 million for the second quarter ended July 28 for the Foot Locker group as its global sales rose by 7.2 percent to $1,367 million. The revenues would have risen by 10.6 percent if currency exchange rates had remained the same. On a ...
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News briefs
Last week, Puma opened its first sustainable store in a...
Last week, Puma opened its first sustainable store in a suburb of Bangalore, India. The 800-square-meter store was locally developed and sourced, and was designed for energy savings and environmentally friendly practices. The lower levels are reserved for retail sales, while and upper floor and a terrace will feature a ...
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News briefs
Reebok has opened its first Fit Hub in the U.S.,...
Reebok has opened its first Fit Hub in the U.S., at 37th Street and Fifth Avenue in New York. A Reebok retail store is on the street level, with the brand's gym, CrossFit Box, on the lower level. The employees there are fitness and product experts who can give the ...
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News briefs
Michael McCormick, executive vice president of global sales and marketing...
Michael McCormick, executive vice president of global sales and marketing at Columbia Sportswear, has resigned from the company for personal reasons. Tim Boyle, the company's chief executive, will take over on an interim basis. McCormick joined Columbia in August 2006 as vice president of sales and was named to the ...
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News briefs
The NBA will partner with Kitbag, one of Europe's leading...
The NBA will partner with Kitbag, one of Europe's leading online sports retailers, to launch the league's official e-commerce store for Europe, the Middle East and Africa next month. NBAStore.eu will offer NBA-branded products from the league's official merchandise partners, including Adidas, the NBA's official outfitter, as well as Spalding, ...
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Article
Some major retail players outperform a flat European market
The lack of a major international sports event, unseasonal weather conditions and the poor economic situation in certain countries led European consumers to take a pause in their purchases of sporting goods in 2011. According to the annual retail survey of SGI Europe , which covers 15 European countries, retail ...
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Article
Mizuno performs well in Europe
Aided by double-digit growth in sales of sports footwear in Europe and the Americas, Mizuno lifted its turnover by 2.6 percent to 42.6 billion yen (€432.8m-$542.1m) for the first quarter of its fiscal year, until the end of June. This would have been an increase of 3.8 percent excluding currency ...
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News briefs
Etnies has opened a pop-up store in London showcasing its...
Etnies has opened a pop-up store in London showcasing its “Buy a Shoe, Plant a Tree” program. The program plants one tree in the rainforests in the Brazilian state of São Paulo for each purchase of Etnies' Jameson 2 and Jameson 2 Eco shoes. Its goal is to plant 100,000 ...
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News briefs
France's sporting goods market has resisted the general economic slowdown...
France's sporting goods market has resisted the general economic slowdown better than other consumer goods sectors. According to the latest data by NPD Group, sales of sports shoes and sports-inspired footwear grew by 1 percent in value year-on-year in the first six months of this year, while those of active ...
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Article
Europe weighs down on Dorel
The weaker euro dampened the sales expansion of the recreational and leisure unit at Dorel Industries, which encompasses cycling brands from Cannondale to GT, Sugoi, Schwinn, Mongoose and more. Its turnover inched up by 1.1 percent to $251.9 million for the quarter, with a negative impact of about 2 percentage ...
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Article
Dick’s writes off JJB investment
Dick's Sporting Goods has entirely written off the investment it made earlier this year in JJB Sports, the ailing British sports retailer. This led to a pre-tax impairment charge of $32.4 million in the quarterly results of the U.S. sports retailer. April, Dick's invested £20 million (€25.2m-$31.6m) in new JJB ...
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News briefs
Petter Northug, a Norwegian star cross-country skier, plans to launch...
Petter Northug, a Norwegian star cross-country skier, plans to launch his own clothing brand. Northug is involved in the company PN Active Wear, which will develop training clothing together with two sponsors of the Norwegian national cross-country ski team sponsors, Swix and Skiforbundet, according to the Norwegian newspaper Finansavisen. Initially, ...
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News briefs
Cristian Corsi has returned to the leadership of Nike do...
Cristian Corsi has returned to the leadership of Nike do Brasil. Corsi was already Nike's general manager in Brazil for nearly five years until September 2011, and he was called back at a time that is pivotal for the brand's expansion in the country, ahead of the 2014 football World ...
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News briefs
DC Shoes, the footwear company of Quiksilver, has opened its...
DC Shoes, the footwear company of Quiksilver, has opened its first Central European door through a franchisee in Innsbruck, Austria. The store is run by Markus Baier, a co-founder of moreboards.com, a network of currently 17 stores in the country. Baier also operates three Quiksilver-branded franchises in the Austrian cities ...
