All Article articles – Page 113
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ArticleNew brand to replace all Sport 2000 private labels from summer 2023
Beginning with the 2023 summer season, Sport 2000 International’s new Witeblaze brand of durable, versatile products is set to replace all of Sport 2000’s current private label brands, according to the company’s Internet blog. This is the company’s response to the social trend of “buy less, buy better.” “Often, high-quality, ...
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ArticleReview: The latest innovations and trends from Techtextil and Texprocess
The relaunch of the two trade shows Techtextil and Texprocess at Messe Center Frankfurt, with more than 1,300 exhibitors from 51 countries, was a success. Together with Heimtextil, all three shows attracted more than 60,000 visitors. Textile innovations and technologies always provide the impetus for many sectors and promise market ...
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ArticleAuthentic Brands Group settles lawsuit with Bolt, becomes shareholder
Authentic Brands Group (ABG), the owner of Reebok and other global brands, has settled out of court and agreed to dismiss its lawsuit against Bolt Financial Inc. ABG said that it would continue to partner with Bolt to offer “one-click” checkout capabilities to ABG’s brands Forever 21 and Lucky Brand. ...
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ArticlePeugeot Frères Industrie acquires Julbo
Christophe and Matthieu Beaud, co-owners and CEO and managing director, respectively, of Julbo, have announced an agreement for Peugeot Frères Industry to acquire a majority stake in the family eyewear company. The Beaud family, unrelated to Jules Beaud, the founder of the company in 1888, acquired the business in the ...
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ArticleKorean F&F group to acquire Sergio Tacchini
The Korean website Newsway reports that at a board meeting on July 7, South Korean fashion conglomerate F&F agreed to acquire 100 percent of the shares in Sergio Tacchini Operations, Inc, which operates the Sergio Tacchini tennis brand, and Sergio Tacchini IP Holdings, Inc, a holding company with the brand’s ...
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ArticleLululemon expands international presence with launch in Spain
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019, for which the brand credits the significant lead time needed and the company’s “Power of Three ×2” growth plan. A dedicated Spanish-language e-commerce platform will go live at ...
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ArticleAnalysis: Sporting goods industry stocks down more than 14% in Q2 2022
According to SGI Europe’s quarterly study of 38 select sporting goods industry stocks, the decline was less than the 16.25 percent average decline in the first quarter of 2022, when 34 out of 36 stocks posted a stock price drop from the end of the fourth quarter. Five of the ...
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ArticleIntersport Germany: Growth in challenging times, new store opens in Bad Homburg
On the occasion of the opening of the new Intersport Krumholz store in Bad Homburg near Frankfurt am Main, Dr. Alexander von Preen, CEO of Intersport Germany, gave an interim assessment of the current situation in the sporting goods market and the development of the cooperative.
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ArticleOdlo acquires British sailing brand Henri-Lloyd
Source: Odlo Knut Are Hogberg, CEO of Odlo Odlo has announced the acquisition of 60-year-old British sailing brand Henri-Lloyd, apparel partner of the GBR Sail GP team and Ineos Britannia. The acquisition comes just months after Odlo bought Janus, a merino apparel manufacturer, and underscores Odlo’s commitment ...
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ArticleOpinion: Fighting the good fight
In the last 30 years, Sri Lanka has lived through a debilitating civil war, a tsunami, the Easter Sunday bomb attacks and the two-year-long pandemic. As a nation, we have battled through them all, emerging bruised but not broken. We are resilient, and yet again, we will overcome the current ...
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ArticleSales up by 18.3% at Decathlon Spain
Decathlon Spain generated revenues of €2.034 billion (VAT included) in 2021, for a year-on-year increase of 18.3 percent. Net profit amounted to €96.7 million, of which €19 million was shared with its 11,910 employees. The Decathlon group’s revenues were up by 12.5 percent for the year. Online sales reached €326 ...
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ArticleIntersport Austria sees business model confirmed; outdoor, ski and bike lead the way
Intersport Austria reported revenues of approximately €325 million in the first half (ended March 30) of its 2022 fiscal year. This represents a 12 percent increase compared to pre-pandemic levels (first half of FY2019). These figures do not include Hungary, Slovakia and the Czech Republic. Source: Intersport ...
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ArticleVertical Block Exemption Regulation -
VBER 2022: Guidelines for the new EU-wide distribution lawThis article provides you with everything you need to know about the new EU-wide distribution law: Vertical Block Exemption Regulation (VBER). It is one of the most important regulations for everybody in the trade business.
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ArticleThe Lycra Company announces new ownership
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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ArticlePuma's top female footballers talk about “She Moves Us” ahead of Women’s Euro Championship
Several well-known female footballers spoke candidly about the sacrifices and challenges of being a female professional in a “She Moves Us” video talk for sports brand Puma: “I’ve had to challenge male standards just by being a football player. I think most people in the world see it as a ...
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ArticleGerman consumer climate falls to new record low
According to GfK, German consumers were more uncertain than ever in June 2022. At minus 27.4 points, consumer sentiment has never been lower since the first German consumer climate survey in 1991. Above all, German consumers are more pessimistic about their own income than they have been for decades. According ...
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ArticleNike net dips 5 percent on Greater China, persistent supply chain woes
The Nike group remains committed to further advancing its digital and direct strategies worldwide and anticipates a return to growth for its wholesale business in the financial year 2023 as it continues to grapple with elevated transit times for products and to recalibrate a Greater China business that has been ...
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ArticlePuma signs deal with metaverse accessory craftsman
Puma has entered into a partnership with Wagmi-san, a self-described “craftsman” of accessories (virtual streetwear) for parent NFTs. Wagmi-san runs a virtual shop called 10KTF in a metaverse called Neo Tokyo. In previous reports – such as our recent story on Meta – we have the general ...
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ArticleSportmaster reportedly withdraws from Poland
Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...
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ArticleChina Dongxiang posts annual loss on lower revenues
China Dongxiang lost 1,747 million yuan renminbi (€247.6m) against a profit of RMB 1,811 million for the 12 months ended March 31. Total annual revenues slipped by 2.7 percent to RMB 1,916 million (€271.6m) from RMB 1,970 million. The gross margin fell to 63.9 percent from 65.6 percent. Assets at ...
