All Sporting Goods Intelligence articles in Volume 25, Issue 36-37 – Page 4
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News briefs
Primaloft has joined the Responsible Down Standard. It has also...
Primaloft has joined the Responsible Down Standard. It has also launched a new digital library of marketing assets where brands, retailers and manufacturers can access and order marketing materials, brand assets, collateral and training tools. Commercial partners can download such assets as logos, templates for customizable advertisements, product information, materials ...
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Article
Intersport exits Korea but Asia-Pacific is ahead of plan
Intersport International Corp. and LG Fashion have decided not to extend their five-year-old Korean master franchising agreement. After a year of negotiations, the two parties were unable to agree on the conditions for its renewal. IIC officials declined to comment on a rumor that the two parties could not agree ...
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News briefs
Robert van Houten is the new general manager of Agu...
Robert van Houten is the new general manager of Agu Holding and Agu BV, effective Nov. 3. This is a new position at the Dutch group. Van Houten, 46, has previously held various positions at Center Parcs, Gioma Group and Ahold Europe. Additionally, Marie-José van den Kommer and Martin van ...
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News briefs
Quiksilver has reached a definitive agreement to sell its majority...
Quiksilver has reached a definitive agreement to sell its majority stake in its U.K.-based online store, Surfdome Shop, to Surfstitch, the Australian online action sports retailer in which Billabong International held a 51 percent majority stake until August 2013. Under the agreement, Quiksilver will get about US$16 million for its ...
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News briefs
A little over a month after the resignation of Frank...
A little over a month after the resignation of Frank Hugelmeyer as president and chief executive of the Outdoor Industry Association of the U.S., Emerald Expositions has announced the departure of Kenji Haroutunian as show director of Outdoor Retailer. He is being replaced by Marisa Nicholson, group sales director of ...
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News briefs
The Labour Advisory Committee appointed by the government of Cambodia...
The Labour Advisory Committee appointed by the government of Cambodia has decided to raise the minimum monthly wage for workers in the country's textile, apparel and footwear sectors by 28 percent from the start of next year. The new minimum wage of $128 is a compromise between a the labor ...
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News briefs
Crocs has elected McKinney as its global advertising agency. It...
Crocs has elected McKinney as its global advertising agency. It will immediately start with the brand's “Find Your Fun” campaign, focusing on the U.S., U.K., Germany, China, Japan and South Korea. This is the first global deal for the American agency since it was bought two years ago by a ...
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Article
Strategic rethink at Adidas Group
Under pressure to regain the confidence of investors, the Adidas Group's management said it has taken extra measures to “aggressively” tackle the issues that have been affecting its earnings and share price this year. The moves will focus on scaling back Russian investments, cleaning up golf inventories and regaining share ...
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Article
Shrinking profit at Adidas Group despite robust demand
The Adidas Group enjoyed robust sales increases in all regions other than North America in the third quarter, where the clean-up of its golf business led to a sharp sales decline at Taylor Made Adidas Golf. Along with unfavorable exchange rates and Russian discounts, the weakness of the group's golf ...
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News briefs
Adidas will be the official partner and kit supplier of...
Adidas will be the official partner and kit supplier of New York City FC, a new global football team that will join Major League Soccer next year. The Three Stripes will also outfit its Academy Team and sell a range of licensed merchandise at the flagship Adidas store in the ...
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News briefs
Under Armour (UA) has announced the addition of a well-known...
Under Armour (UA) has announced the addition of a well-known soccer player, Jermaine Jones, to its roster of sponsored athletes. The central midfielder, who played in the U.S. team at the latest Fifa World Cup in Brazil, recently joined the New England Revolution of Major League Soccer (MLS). Jones will ...
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News briefs
GoPro, the American action camera company that went public in...
GoPro, the American action camera company that went public in June, raising $427 million, says it is planning a secondary offering worth a total of $800 million. Existing shareholders would sell shares worth $700 million and the balance of $100 million would come from newly issued shares. The additional funds ...
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Article
Implus has acquired Trigger Point Performance
Implus has announced the acquisition of Trigger Point Performance. The price of the transaction was not disclosed. Trigger Point makes self-care products for athletes, including Grid foam rollers. Trigger Point Performance was founded in 2002 by Cassidy Phillips, a sport enthusiast and accomplished triathlete.Implus said the addition of the Trigger ...
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Article
Asics accelerates in Europe
Asics Europe reports a 12 percent currency-neutral sales increase across the Europe, Middle East and Africa (EMEA) region for the first nine months ended Sept. 30, excluding Haglöfs. Sales were up by 13 percent in running shoes and by 31 percent in running apparel, with particularly strong growth in the ...
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News briefs
Net income increased by 67 percent at Globeride for the...
Net income increased by 67 percent at Globeride for the six months ended Sept. 30, reaching 1,977 million yen (€13.72m-$17.08m). Operating income increased by 29 percent to ¥3,161 million (€21.94m-$27.31m) as revenues went up by 13 percent to ¥39.51 billion (€274.18m-$341.34m) at the Japanese company, formerly called Daiwa Seiko.
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News briefs
Adidas is reportedly preparing an offer to pay €60 million...
Adidas is reportedly preparing an offer to pay €60 million a year to win the contract with the FC Barcelona team, which is held by Nike until 2018. According to the Spanish press, the Swoosh is currently paying €30 million a year for the contract, compared with Adidas' annual contractual ...
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Article
Dorel’s bike segment rises by 6%
Dorel Industries' Cannondale Sports Group (CSG) enjoyed strong growth in the U.K., the rest of Europe and Japan, contributing to a 6 percent organic sales increase for the third quarter in Dorel's bicycle group, which also includes the more mass-market-oriented Pacific Cycle segment. In reported dollars, the Recreational/Leisure segment of ...
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News briefs
Patrik Frisk, 51, has left VF Corporation to become the...
Patrik Frisk, 51, has left VF Corporation to become the new chief executive of the Aldo Group, a big international, Montreal-based chain of more than 1,700 corporate and franchised shoe shops. A former manager of Peak Performance and W.L. Gore & Associates, Frisk joined VF in 2004 as country manager ...
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News briefs
Yonex saw its net income rise by 44 percent to...
Yonex saw its net income rise by 44 percent to 1,730 million yen (€12.00m-$14.94m) in the first half ended Sept. 30. Operating income went up by 39 percent to ¥1,579 million (€10.96m-$13.64m) on 9 percent higher sales of ¥23.79 billion (€0.17m-$0.21m).
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Short stops
Puma has agreed to extend its 40-year-old partnership with the...
Puma has agreed to extend its 40-year-old partnership with the Austrian Football Federation for several years
