All Sporting Goods Intelligence articles in Volume 26, Issue 21-22
View all stories from this issue.
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Article
Rendle rises up the ranks at VF
Steve Rendle has been promoted to the position of president and chief operating officer of VF Corporation, overseeing all the “coalitions” of the big American group and its global supply chain. He is also joining VF's board of directors. Rendle, 55, will report to Eric Wiseman, who remains chairman and ...
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Article
Puma sells Tretorn
As part of its strategy to focus on its most important assets, Puma has agreed to sell the industrial property rights of the Tretorn Group to the Authentic Brands Group (ABG). Tretorn managers are acquiring an operating license from ABG to run Tretorn's business in Scandinavian and other European countries. ...
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Article
Lotto’s sales are off slightly, but operating margin is up
Total sales dropped slightly to €268 million at Lotto Sport Italia on a wholesale-equivalent basis in 2014, down from €273 million in the previous year. Net earnings were more or less flat as compared to the 2013 level of €3 million, but the operating margin before amortization (Ebitda) improved ...
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Article
Pentland reports higher sales and profits
Pentland Group 's pre-tax earnings jumped by 92 percent to £164 million (€230.5m-$257.8m) in 2014 on 14 percent higher revenues of £2.2 billion (€3.1bn-$3.5bn). Operating income before amortization of intangible assets and exceptional items increased by 30 percent to £160 million (€224.9m-$251.4m). Net cash at year-end nearly ...
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Article
Newly integrated retail group makes higher profits
Sport Nordic Holding, the new group that owns the Danish Sportmaster chain, has reported improved operating earnings before amortization (Ebitda) in 2014. The group was formed in July 2012 to take over the stores of Sportmaster's retail members, transforming the former voluntary group into an integrated retail operation. The new ...
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Short stops
Sram has moved its global headquarters to the West Loop...
Sram has moved its global headquarters to the West Loop neighborhood of Chicago
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Article
A German member for STMI
The German-based 21sportsgroup has joined Sports Trade Marketing International (STMI), the international buying group founded by Groupe Go Sport and Hervis Sports in Geneva in 2012. Its affiliation will allow STMI's five members to represent a combined retail turnover of nearly €2.1 billion. The 21sportsgroup took over recently ...
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Peak Performance will be the skiwear sponsor of the Freeride...
Peak Performance will be the skiwear sponsor of the Freeride World Tour
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Hervis Sports has opened its fourth store in Germany, on...
Hervis Sports has opened its fourth store in Germany, on about 1,000 square meters in Amberg and offering all sorts of multi-channel options
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Quiksilver is sponsoring Ezekiel Lau, the Hawaiian surfer who won...
Quiksilver is sponsoring Ezekiel Lau, the Hawaiian surfer who won the Vans World Cup at Sunset Beach in 2013, when he was only 20
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Everlast is opening its first three stores in the U.S.,...
Everlast is opening its first three stores in the U.S., all three of them in Florida
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Article
Golf Europe postponed
Messe Augsburg , the organizers of Golf Europe , have decided to cancel the fair to be held in September, to hold talks with some of its exhibitors and discuss other potential dates for next year. The organizers said that interest has been strong but some of the big players ...
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News briefs
Eurojersey, the Italian maker of warp-knit fabrics, has entered a...
Eurojersey, the Italian maker of warp-knit fabrics, has entered a three-year partnership with World Wildlife Fund (WWF) Italia to protect the Mediterranean Sea, with particular emphasis on the protection of the loggerhead turtle. As part of the project, the Italian company has launched special versions of its Sensitive fabric as ...
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Article
Elverys stores are rebranded as Intersport
Elverys Sports, the Irish sports retailer that was taken over by its management with financial backing from investment firms and support from Intersport last year, has almost entirely completed its rebranding to Intersport Elverys. All but two of the 54 stores have been rebranded in a harmonized changeover that lasted ...
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Short stops
Tennis Warehouse, which has e-commerce operations in the U.S., Europe...
Tennis Warehouse, which has e-commerce operations in the U.S., Europe and Australia, will continue as the official online tennis store of the ATP World Tour until 2017
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Article
Dus will run Tecnica
Antonio Dus, the seasoned Italian manager who left a few weeks ago as chief executive of Vibram, has been chosen to be the new CEO of Tecnica Group, starting next Sept. 14. He will also have a seat on the company's board of directors along with two other new directors ...
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News briefs
Direct Golf, the U.K. golf retailer that is partly owned...
Direct Golf, the U.K. golf retailer that is partly owned by Sports Direct International (SDI), boasts that it is on target to achieve a record financial year after a tenth consecutive month of turnover growth. Its sales jumped by 27 percent in June compared with the same month last year ...
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Article
Dip in European golf registrations
The latest survey on golf participation in Europe indicates that the number of registered golfers dipped by 1.8 percent in 2014, amounting to a decline of 77,000 golfers – contrasting with other reports that point to stabilizing participation in Great Britain. The European numbers come from KPMG , which ...
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News briefs
Diadora has reopened a production line at its factory in...
Diadora has reopened a production line at its factory in Caerano di San Marco, near Montebelluna, to make a “made in Italy” line of high-end sneakers in collaboration with leading sneaker stores. The goal is to reach an annual output of about 100,000 pairs. The plant has been closed for ...
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News briefs
A majority of Rocket Internet's shareholders has decided to raise...
A majority of Rocket Internet's shareholders has decided to raise up to two billion euros in new funding through convertible bonds and other means to help it to become the biggest internet platform outside the U.S. and China. The Berlin-based company, which helped Zalando to start up, already has about ...
