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Volume 6 No. 213
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Finance Notes: SportScheck Increases Operating Profit

Germany sports retail chain SportScheck achieved a gross turnover of about €394M ($516.61M) for the fiscal year until the end of February, down by just 3.4% compared with its record sales the previous year (ISPO, 4/11). ... Under Armour has teamed up with former adidas Brasil President Marcelo Ferreira da Silva to set up a subsidiary for the American sports brand in Brazil. Ferreira da Silva is "to start working for Under Armour as a consultant and to lead the company’s Brazilian entity once it is up and running" (ISPO, 4/11).