All Sporting Goods Intelligence articles in Volume 25, Issue 40-41 – Page 5
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Article
Nike remains bullish after a strong second quarter
Strong performance in Western Europe, China, the direct-to-consumer (DTC) business and the growing women's segment of the sports market contributed to push the Nike group's revenues up by 14.8 percent to $7,380 million in the second quarter ended Nov. 30. The Swoosh is expecting further strong increases in sales and ...
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Article
Quik disappoints, sees light after January
The results published by Quiksilver for the fourth quarter ended Oct. 31 were disappointing, but the management assured investors that the company is now in strong shape to stabilize revenues and to generate a significant increase in operating results on a comparable basis for the current financial year.Sales were still ...
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News briefs
After intense lobbying by the Federation of the European Sporting...
After intense lobbying by the Federation of the European Sporting Goods Industry (Fesi), the European Parliament has set up a formal “Intergroup” on sport, taking the place of an informal group that has been operating for several years. It is one of 28 Intergroups that will carry out the debate ...
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Short stops
Barclays Bank has downgraded Adidas' stockmarket rating because of the...
Barclays Bank has downgraded Adidas' stockmarket rating because of the weakness of the Russian ruble, estimating that this year it will cut its 2014 net income by $10 million and its sales by €80 million
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News briefs
Adidas and New Balance have joined the Consumer Electronics Association...
Adidas and New Balance have joined the Consumer Electronics Association (Cea), the trade organization for the consumer electronics industry in the U.S. The two sports firms are among the companies who have recently joined Cea as connectivity quickly expands into the fitness, smart watch and wearables categories. Smart watches and ...
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News briefs
Adidas has become the title sponsor of Euroleague Basketball's international...
Adidas has become the title sponsor of Euroleague Basketball's international junior tournament for the next two years. The German sports brand will replace Nike as the title sponsor of the 14th edition of the Next Generation tournament, qualifying for which will begin at the end of December in Rome. The ...
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News briefs
Zoggs has appointed a triathlon swimming champion, Adam Walker, as...
Zoggs has appointed a triathlon swimming champion, Adam Walker, as its ambassador in the segment. He is the first British triathlete to have completed the Oceans Seven challenge at his first attempt. The challenge involves swimming across the North Channel, the Cook Strait, the Molokai Channel, the English Channel, the ...
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News briefs
Under Armour continues to expand its sports marketing activities internationally....
Under Armour continues to expand its sports marketing activities internationally. It has become the official technical supplier of the next two editions of the Copa del Rey, the Spanish basketball tournament, which will take place in Gran Canaria on Feb. 19 and 22. It will launch a special model of ...
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Short stops
Rafael Nadal, the Spanish tennis star, has agreed to act...
Rafael Nadal, the Spanish tennis star, has agreed to act as global ambassador of Tommy Hilfiger's underwear and its tailored clothing lines
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Ispo is staging a special session of its Ispo Academy,...
Ispo is staging a special session of its Ispo Academy, focusing on social media, at the Dutch Sports Business Center in Leusden on Jan. 12 in connection with the winter preview that it has been sponsoring there for many years
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Short stops
Anu Uus has been appointed chief financial officer for Abacus...
Anu Uus has been appointed chief financial officer for Abacus Sportswear
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News briefs
Mike Ashley, who owns 57 percent of Sports Direct International,...
Mike Ashley, who owns 57 percent of Sports Direct International, reportedly granted the company a £40 million (€51.0m-$62.2m) loan in October to help finance its purchases for the holiday season, charging normal lending rates. SDI could have borrowed the money from a bank, but the loan reportedly allowed Ashley to ...
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News briefs
Nike has filed a 50-page complaint in a court in...
Nike has filed a 50-page complaint in a court in Oregon, seeking $10 million in damages from three designers - Denis Dekovic, Marc Dolce and Mark Miner - on eight charges including breach of contract, misappropriation of trade secrets and civil conspiracy. They have all been hired by Adidas to ...
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Article
Chris Ronnie gets a 4-year jail sentence
The Southwark Crown Court sentenced Chris Ronnie, the former chief executive of the now defunct JJB Sports chain, to four years in prison and banned him from serving on any board of directors for eight years. The verdict follows a trial in which he was convicted on three counts of fraud ...
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Short stops
New Balance has moved into a new, 30,600-square-foot European head...
New Balance has moved into a new, 30,600-square-foot European head office at Birchwood, not far from its former location in Warrington, Cheshire
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News briefs
Sport Scheck, Transa, Sport 2000 and STMI are the first...
Sport Scheck, Transa, Sport 2000 and STMI are the first retailers who have been admitted as members of the European Outdoor Group's (EOG). STMI is the international buying group representing Go Sport, Hervis Sport, SportXX, Forum Sport, Twinner Iberica and Twinner France. On the wholesale side, the Czech sporting goods ...
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Short stops
Adidas' first HomeCourt store in Germany and its 20th worldwide...
Adidas' first HomeCourt store in Germany and its 20th worldwide has opened in downtown Nuremberg
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News briefs
Fusalp, whose sales have grown by about 20 percent since...
Fusalp, whose sales have grown by about 20 percent since the French skiwear brand was acquired by members of the Lacoste family a year ago, has signed new sponsorship contracts to help sustain its regained momentum. It has gained the endorsement of Antoine Dénériaz, the French alpine ski champion who ...
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News briefs
Alibaba says it spent one billion renmimbi (€131.9m-$160.8m) in the...
Alibaba says it spent one billion renmimbi (€131.9m-$160.8m) in the 12 months ended on Nov. 30 to combat the sale of counterfeited goods online, engaging a task force of more than 2,000 people that will be expanded by a further 200 in the next year. Some 5,400 volunteers have also ...
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News briefs
Metro made a consolidated net profit of €127 million in...
Metro made a consolidated net profit of €127 million in the financial year ended last Sept. 30, against a loss of €35 million in the previous year, although changes in foreign currencies reduced its profits by €82 million. Total revenues declined by 4 percent to €63 billion, but were up ...