All Sporting Goods Intelligence articles in Volume 23, Issue 35-36 – Page 3
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News briefs
LK International, the parent company of Swiss brand Kjus, announced...
LK International, the parent company of Swiss brand Kjus, announced that Hans Bergman will join as managing director of North American operations, a newly created position, effective Sept. 1. Bergman is a veteran of the leisure and sporting goods industries, with almost 20 years of experience developing top brands in ...
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News briefs
Pacific Brands announced that Sue Morphet, the company's chief executive,...
Pacific Brands announced that Sue Morphet, the company's chief executive, will step down at the beginning of September after five years with the Australian company. She will be replaced by John Pollaers, former chief executive of Foster's. Morphet will remain with the company throughout September to help with the transition ...
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News briefs
Skechers has announced that it obtained a major victory in...
Skechers has announced that it obtained a major victory in a patent lawsuit related to its lighted footwear. The Cancaribe Limited vs. Cobra International lawsuit, filed in 2007, involved allegations by Cobra International alleging that the circuit used in Skechers' lighted footwear infringed on Cobra's patent on sequential lighting. On ...
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News briefs
Nike has announced that it will continue to support Lance...
Nike has announced that it will continue to support Lance Armstrong and his Livestrong Foundation, which serves cancer survivors, in spite of the recent decision by the U.S. anti-doping agency (USADA) to ban him from cycling for life. USADA also expects the International Cycling Union, cycling's governing body, to strip ...
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News briefs
The Sports & Leisure unit of the New Wave Group,...
The Sports & Leisure unit of the New Wave Group, including the Craft and Cutter & Buck brands along with licenses for Speedo and Umbro, lifted its sales by just 3 percent excluding acquisitions in the second quarter of this year. The unit still ended the quarter with sales of ...
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News briefs
At the end of this month, Alois Loidl will leave...
At the end of this month, Alois Loidl will leave Kastner & Öhler, the Austrian department store chain and parent company of Gigasport. The 56-year-old has served the group for two decades in various positions including the direction of Gigasport, but also fashion, finances, controlling, IT, human resources and operations. ...
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News briefs
Callaway Golf has entered a privately negotiated exchange agreement under...
Callaway Golf has entered a privately negotiated exchange agreement under which it will issue $63,227,000 in aggregate principal amount of new 3.75 percent convertible senior notes due in 2019, and 5,866,821 shares of the company's common stock, with a par value $0.01 per share, in exchange for 982,361 shares of ...
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Short stops
Globeride has obtained an agreement to distribute Prince in Japan...
Globeride has obtained an agreement to distribute Prince in Japan
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News briefs
After a long partnership, Swix Sports and its Swedish distribution...
After a long partnership, Swix Sports and its Swedish distribution partner, Sportmarket, will part ways. For the past 23 years, Sportmarket has been the exclusive Swedish distributor for Swix, the Norwegian brand of wax and cross-country skiing products, as well as Ulvang, a Norwegian apparel brand owned by the Swix ...
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Article
Adidas fills Nordic void
Brian Grevy, a Danish executive who has spent 14 years with Reebok and Adidas, was appointed to head the group's activities in the Nordics from the start of October. The function of general manager for Adidas Nordic has been vacant since Henrik Bunge left to become chief executive at Peak ...
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News briefs
Some newspapers are reporting that Spyder Active Sports is up...
Some newspapers are reporting that Spyder Active Sports is up for sale by its owner, the private equity firm Apax Partners. Supposedly, Apax has enlisted Blackstone Group to look for a buyer, and hopes to sell the company for up to $150 million. Apax bought Spyder in 2004 for $100 ...
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Article
Easton-Bell’s action sports suffer in Europe
Easton-Bell Sports reported net sales of $214.1 million for the second quarter of 2012, an increase of 1.0 percent from the same period of 2011, made possible by team sports and cycling sales in North America, which offset a decline for action sports in Europe. The U.S. company trades under ...
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Article
Mifa acquires an insolvent competitor, Steppenwolf
Mifa acquired all of the significant assets of Steppenwolf as of Aug. 21. Both the Steppenwolf parent company and Steppenwolf Bikes, the operating company, filed for insolvency in the Munich court on July 26. Steppenwolf has been producing sports bikes in the upper price segment since 1995. They have been ...
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News briefs
According to the HUI research institute, retail sales of sporting...
According to the HUI research institute, retail sales of sporting goods in Sweden during the month of April were off by 5.5 percent when compared with the same period last year. In May, sales increased by 2.5 percent, and in June, they rose by 11 percent. Thus, for the ...
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News briefs
According to the Daily Mail of Britain, Nike is set...
According to the Daily Mail of Britain, Nike is set to take the place of Umbro as the official supplier of the England football team as of next year, launching a new kit next spring. As previously reported, Nike wants to sell Umbro, which holds the England contract until 2018, ...
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News briefs
Puma customers in Copenhagen will be able to design their...
Puma customers in Copenhagen will be able to design their own sneakers. Together with a Danish retailer, Rezet, Puma will open the Creative Factory, a store where customers can choose the materials and colors for their new Puma shoes using an iPad. The store, which is due to open on ...
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News briefs
A U.S. judge has approved a $40 million settlement between...
A U.S. judge has approved a $40 million settlement between Skechers and consumers who filed more than 70 lawsuits against the company over its Shape-Ups toning shoes. The deal, which has yet to be finalized at a public hearing next March, follows a settlement three months ago with the U.S. ...
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News briefs
El Corte Inglés reported a 3.9 percent drop in its...
El Corte Inglés reported a 3.9 percent drop in its total revenues to €15.77 billion for the financial year ended last Feb. 28. Operating earnings before amortization fell by 18.8 percent to €826 million, and net earnings declined by 34 percent to €210 million. Department store sales fell by 4.2 ...
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News briefs
One of the first sporting legacies from the 2012 Olympics...
One of the first sporting legacies from the 2012 Olympics has been announced with the launch of RideLondon, a cycling festival that aims to become the largest charity fund-raising cycle ride in the world. The event, which will take place over the weekend of Aug. 3, 2013, is set to ...
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News briefs
The German section of Sport 2000 has bundled a package...
The German section of Sport 2000 has bundled a package for its affiliated retailers to improve their presence online. The group's e-services solutions are a toolbox of five modular pieces that the retailers can pick according to their demand. The new service starts with a basic offer: a website in ...
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