All Sporting Goods Intelligence articles in Volume 26, Issue 29-30 – Page 3
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News briefs
The recovery of the Spanish market has been confirmed by...
The recovery of the Spanish market has been confirmed by the latest figures from El Corte Inglés, the large Spanish retail group that is also the second-largest sporting goods retailer in the country. The company has reported higher operating results for the financial year ended Feb. 28: Operating earnings before ...
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Short stops
Bayer MaterialScience is changing its name to Covestro
Bayer MaterialScience is changing its name to Covestro
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News briefs
Paris will ban cars for a day as an experiment...
Paris will ban cars for a day as an experiment in its efforts to reduce carbon emissions. The Journée Sans Voitures (Day Without Cars) will be Sunday, Sept. 27, from 11am to 6pm. Cars will be banned from a substantial area that includes the first, second, third, fourth, fifth, sixth, ...
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Article
Zalando cancels B&B consumer festival
As we previously reported, the big Berlin-based e-tailer bought the bankrupt Bread & Butter trade show in the former Tempelhof airport of the German capital a few months ago, saying that it was planning to turn the event into a big consumer-oriented fashion festival. It has now announced the cancellation ...
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News briefs
New Balance has moved into a new corporate head office...
New Balance has moved into a new corporate head office at the northwestern edge of Boston, close to the old one. About 700 New Balance employees occupy the new 250,000-square-foot building, which is part of the new Boston Landing development project financed by the Davis family, owner of New Balance. ...
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News briefs
New Balance has opened its second store in Barcelona. Presenting...
New Balance has opened its second store in Barcelona. Presenting a new layout, it is located in a high-traffic shopping street of the city, Portal de l'Àngel. It will be the brand's 4th store in Spain. New Balance has also opened its first Portuguese store in Lisbon. Through its French ...
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News briefs
Transa Backpacking has a new shareholding structure as Beat Stünzi,...
Transa Backpacking has a new shareholding structure as Beat Stünzi, founder and majority shareholder of the leading Swiss outdoor retailer, decided to partly pull out, due to his age. The new majority shareholder is International Retail Corporation (IRC), a vehicle controlled by Beat Zaugg, chief executive and minority shareholder in ...
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News briefs
Surfstitch, the Australian e-commerce group specializing in contemporary surf and...
Surfstitch, the Australian e-commerce group specializing in contemporary surf and fashion brands, will unify its six platforms - Surfstitch.com, Surfdome.com, Swell.com, Stabmag.com, magicseaweed.com and theLens – under the global site Swell in 2016. Surfstitch posted revenues of 199.4 million Australian dollars (€124.7m-$141.4m) in the fiscal year ended June 30, representing ...
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News briefs
Peak Sports, the Chinese athletic footwear brand, has signed Dwight...
Peak Sports, the Chinese athletic footwear brand, has signed Dwight Howard, a basketball player with the Houston Rockets, to an endorsement deal reportedly worth a minimum of $15.7 million. The value could grow to as much as $31.5 million through performance bonuses and other options. The player's previous contract with ...
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News briefs
Assos of Switzerland, the well-known maker of bikewear from Lugano,...
Assos of Switzerland, the well-known maker of bikewear from Lugano, has changed ownership. The founding Maier family has sold its shares to a pool of investors led by Phil Duff, the former chief executive of Black Diamond, the U.S. brand of outdoor and snow sports equipment. Duff will reportedly take ...
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Article
Major management changes at Asics
Asics has announced that Emilio Risques, who has been running Asics Iberia since 2006, is also in charge of the Southwest European region since May. In addition to Spain and Portugal, which became part of Asics Iberia in 2012, he will also oversee France.The long-time French country manager of Asics, ...
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Article
Sports Direct re-elects Mike Ashley, despite protests
Union representatives and some minority shareholders, led by Royal London Asset Management, protested against the re-election of Keith Hellawell as chairman of Sports Direct International and Mike Ashley as non-executive deputy chairman ahead of the company's annual meeting on Sept. 9. They continued to attack the company's use of zero-hours ...
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News briefs
Under Armour has set up a sport corner at the...
Under Armour has set up a sport corner at the Citadium Caumartin shop in Paris, the first for the American brand inside a fashion store. The 35-square-meter space is located on the third floor of the store. It sells both fitness apparel and footwear.
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News briefs
The government of Myanmar has approved the first minimum wage...
The government of Myanmar has approved the first minimum wage for all the workers in the country, which is becoming a new sourcing hub for clothing and footwear, except for businesses that employ fewer than 15 people. After bitter negotiations, the minimum wage has been set at 3,600 kyat ($2.86) ...
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News briefs
Dorel Sports has appointed Russell Merry to the role of...
Dorel Sports has appointed Russell Merry to the role of senior vice president and general manager of North America and the U.K. for Cycling Sports Group (CSG), which sells Cannondale and other bike brands to independent bicycle dealers (IBDs). He will report directly to Peter Woods, president and chief executive ...
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News briefs
The turnover of Li & Fung declined by one percent...
The turnover of Li & Fung declined by one percent to $8.63 billion in the first half, reflecting macroeconomic conditions. It remained flat in the U.S. and fell by 13 percent in Europe. It grew by 14 percent in Asia but dropped by 9 percent in the rest of the ...
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Article
Quiksilver's losses decline, except in the Americas
A few days after the scheduled publication of its financial results for the third quarter, Quiksilver filed a 10K statement with the U.S. Securities & Exchange Commission showing a substantial reduction in its losses. At $101,509,000, the operating loss for the period, ended July 21, was half the $202,680,000 loss ...
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Article
Globe turns positive, but North America is still in the red
Europe was the fastest-growing region for Globe International in the financial year ended June 30. On a currency-neutral basis, sales grew in the region by 46 percent, led by skate, footwear and apparel products under the Globe brand. They rose by 33 percent in Australia and by 14 percent in ...
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News briefs
Suunto, a subsidiary of Amer Sports, has opened a new...
Suunto, a subsidiary of Amer Sports, has opened a new Mobile Competence Center in Tampere, Finland. The facility, which was inaugurated on Aug. 10, is focused on the development of digital services and native applications for both iOS and Android. Suunto said it decided to start the center because of ...
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News briefs
Precor, part of Amer Sports, and Mad Dogg Athletics, the...
Precor, part of Amer Sports, and Mad Dogg Athletics, the creators of the spinning indoor cycling program and Spinner line of bikes, have announced an exclusive worldwide distribution agreement under which Precor will assume all commercial Spinner bike production for a brand-new range of Spinner indoor cycling equipment. The financial terms ...
