All Sporting Goods Intelligence articles in Volume 24, Issue 28-29
View all stories from this issue.
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Article
Puma's sales and profits are still on the slide
The almost complete new team appointed at the helm of Puma is facing an uphill task, as the company's sales and profit margins are still on the slide. But Puma's management said that its weak performance in the second quarter was in line with its forecast and that the ...
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Article
Lafuma plans major refinancing
While reporting a double-digit decline in its sales for the nine months ended June 30, Groupe Lafuma said that it is in an active phase of negotiations with its bankers about a comprehensive refinancing program that will involve a significant equity increase. The French group's revenues for ...
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News briefs
Jack Wolfskin has opened a subsidiary in the Russian market, taking...
Jack Wolfskin has opened a subsidiary in the Russian market, taking over the staff of its former distributor in Saint Petersburg, Peter Sport. The German outdoor brand already has three stores in the second-largest Russian city and will open another in Moscow before the end of the year. The opening ...
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Article
Swiss Intersport to lose its largest member
Universal Sport , a Swiss sports retail chain that is Intersport 's largest member in the country, will halt its operations by the end of October . The official explanation is that the financing of the upcoming winter season was not secured as Intersport no longer provided any financial warranties ...
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News briefs
+++ Tim Phipps has left Fred Perry, where he was...
+++ Tim Phipps has left Fred Perry, where he was in charge of footwear, to become Nike's European category sales director for Nike Sportswear, focusing on the young fashion segment +++ Oliver Müller, field sales manager of Amer Sports in Switzerland, is being promoted country manager, replacing the retiring Andi ...
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Article
Intersport and Matalan join forces in the U.K.
Matalan Retail is launching a new chain of sporting goods stores in the U.K. called Intersport Sporting Pro . Headed up by Tom Knight , the former chief executive of JJB Sports , the new chain plans to have 15 stores in place at key mall and street locations all ...
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News briefs
An Italian investment firm, Tamburi Investment Partners (TIP), has paid...
An Italian investment firm, Tamburi Investment Partners (TIP), has paid €103 million for a 14 percent stake in Ruffini Partecipazioni, the company through which Remo Ruffini controls 32 percent of Moncler. Ruffini is also Moncler's chairman and creative director. TIP's investment suggests a mid- to long-term vision for the brand ...
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News briefs
Peak will be the official shoe sponsor for Fiba's male...
Peak will be the official shoe sponsor for Fiba's male and female championships in the five continents, as well as the clothing sponsor for the Asia championship. In addition, at the 2014 Basketball World Cup in Spain, Peak will be introducing for the first time its new judge shoes, especially ...
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News briefs
Jack Wolfskin is partnering with Heightsport to expand in South...
Jack Wolfskin is partnering with Heightsport to expand in South America. The sales partnership covers Colombia, Bolivia, Ecuador, Peru and Chile. The first South American Jack Wolfskin store opened on July 13 on Lake Villarrica in Pucón, Chile. Pucón is a small town with just under 20,000 inhabitants but is ...
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News briefs
Richard (Dick) Kazmaier died of a heart and lung disease...
Richard (Dick) Kazmaier died of a heart and lung disease in Boston on Aug. 1. He was 82 years old. The former college football champion formed, in 1975, Kazmaier Associates, a company that acted as a distributor for Puma in the U.S. for many years. He also served as chief ...
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News briefs
Marchon has signed a deal with Snowide to improve the...
Marchon has signed a deal with Snowide to improve the penetration of its Nike Vision range of eyewear in the French sporting goods retail channel. Born in 2010 and based in Geneva, Snowide owns a couple of snowboard brands, APO and White Doctor. It also distributes a variety of action ...
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News briefs
Nike might soon lose its sponsorship deal with Paris Saint-Germain,...
Nike might soon lose its sponsorship deal with Paris Saint-Germain, also known as PSG, the Parisian football team that won the French First League title last season. According to the daily newspaper Le Parisien, the Qatari group that owns PSG has asked Nike to substantially revise the financial terms of ...
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News briefs
Correction: Freddy denies a report that Keen on Fashions is...
Correction: Freddy denies a report that Keen on Fashions is the company's new distributor for Germany and Austria. The name of the new distributor is going to be announced shortly.
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News briefs
The Taipei Cycle Show will continue to be held in...
The Taipei Cycle Show will continue to be held in March until at least 2017, when the Nangang Exhibition Center will have a new hall. Members of the Taiwan Bicycle Exporters' Association had suggested a shift in the show's dates to July, but a survey of domestic and overseas exhibitors ...
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News briefs
IC Companys, the Danish-based parent company of Peak Performance and...
IC Companys, the Danish-based parent company of Peak Performance and other sportswear brands, has appointed Mads Ryder as its new chief executive, describing him as an experience and international-oriented manager with talent and flair for trademarks and branding. The 50-year-old took over on Aug. 1 from Niels Mikkelsen, who has ...
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Short stops
Head Sport has signed a license with a U.S. company,...
Head Sport has signed a license with a U.S. company, PS Brands/Planet Sox, for a line of tennis and performance socks to be distributed in North America
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Article
Columbia predicts a lower Ebit for the year
Columbia Sportswear reduced its net losses by 10 percent to $7.08 million in the second quarter , as compared to the same period a year ago, although its sales went down by 3 percent to $280.5 million, with one percentage point due to negative currency effects. The gross margin ...
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News briefs
Puma has lunched the Puma Football Club, a new virtual...
Puma has lunched the Puma Football Club, a new virtual football community featuring brand ambassadors such as Cesc Fàbregas, Sergio Agüero, Marco Reus and Gianluigi Buffon. Football fans from around the world are being invited by Thierry Henry on the new internet platform to formulate creative suggestions for the players' ...
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News briefs
Clarifying its conditions for foreign direct investment in retailing, the...
Clarifying its conditions for foreign direct investment in retailing, the Indian government has ruled that foreign operators must procure at least 30 percent of the goods from small Indian companies that have invested a maximum of US$2 million in plant and equipment. To control any retail operations in India, these ...
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News briefs
At Uvex Sports, Christian Wild has taken the position of...
At Uvex Sports, Christian Wild has taken the position of sales director for the German market, replacing Günther Kocher who will retire at the age of 65, after 16 years of working for the manufacturer of glasses and helmets. The 38-year-old Wild held a similar position at Dalbello Völkl Ski, ...
