All Article articles – Page 12
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ArticleRussia’s Sportmaster tests a new store format
The largest Russian sporting goods retailer, Sportmaster, plans to launch 250 stores in a mini format in towns with a population of up to 50,000 people. All mini-stores will be established exclusively under franchise agreements, as the company prefers not to waste resources on expansion into Russian provinces. The first ...
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ArticleFrasers confident in strategy despite short-term challenges for premium lifestyle biz
UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...
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ArticleSigna insolvency proceedings: €5bn in liabilities
The restructuring proceedings with self-administration for Signa Holding GmbH were opened at the Commercial Court in Vienna on the evening of Nov. 29, 2023. According to the AKV creditor protection association, 42 service providers and 273 creditors are affected. According to the application, the debtor has assets with a book ...
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ArticleAlibaba’s president steps down from Farfetch board
J. Michael Evans, President and board member at Alibaba, has resigned from the board of directors at Farfetch, according to a company filing with the US Securities and Exchange Commission (SEC). Farfetch qualifies the resignation as being “in furtherance of the arm’s length commercial relationship” it has maintained with Alibaba ...
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ArticleDutch business of JD Sports declared bankrupt
Sports Unlimited Retail, the parent group of Perry Sport, Aktiesport and Sprinter Netherlands, was declared bankrupt according to a notice that appeared on the Sprinter Netherlands retail site on Dec. 6, 2023. The Netherlands-based Sports Unlimited Retail is owned by the British JD Sports group. JD Sports acquired Perry Sport ...
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ArticleEU bans destruction of unsold textiles, footwear
The European Commission, Parliament and Council agreed on Dec. 4 on a new framework to make products sustainable by design.
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ArticleA minefield for legal disputes? Model names on websites
Does your online store conform to trademark rules? Our legal expert shares a cautionary tale.
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ArticleProwinter presents program of upcoming trade show in Bolzano
All the new features of the twenty-fourth edition of Prowinter, which will take place in Bolzano, Italy, from Jan. 10 to 12, 2024, were presented at a digital press conference this week. “At the request of the companies, the 2024 edition has been extended for an additional day,” said Geraldine ...
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ArticleSports eyewear market to post 7.3% CAGR by 2027, says new report
The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...
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ArticleWFSGI to tackle physical inactivity with new strategic plan for the sporting goods industry
The World Federation of Sporting Goods Industry (WFSGI) unveiled a strategic plan at ISPO Munich 2023. The aim is to take on the historically high rate of physical inactivity.
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ArticleISPO Munich 2023: Alive and kicking
Our editors sum up the biggest themes, most important numbers, trends and pinch points on show at ISPO Munich 2023.
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ArticleWhat to expect from McKinsey’s Sporting Goods Report 2024
What’s coming up in McKinsey’s Sporting Goods Report 2024? We bring you the 4 key trends McKinsey is predicting, as presented at ISPO Munich.
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ArticleZumiez braces for FY loss despite higher Blue Tomato sales
Zumiez is now forecasting a full-year net loss and annual sales to fall more than 8 percent after reporting a net loss of $2.23 million against a profit of $6.9 million in Q3 ended Oct. 28. The operating loss was $157,000 against $10.4 million as gross margin contracted 70 basis ...
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ArticleWeSports invests in Tretorn and Thevea Group
Stockholm-based group WeSports has acquired a stake in Thevea Brands Group and Tretorn and established a long-term partnership with the founders and management team. According to WeSports, there is an option to acquire 100 percent of the company if certain conditions are met. Tretorn is one of the most renowned ...
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ArticlePuma turns sneakers into compost
Source: Puma The experimental Re:Suede sneaker After announcing the Re:Suede experiment in 2021, Puma has now reported back and shown that turning the experimental version of its classic Suede sneaker into compost can be done under certain customized industrial conditions. Two years ago, Puma produced 500 pairs ...
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ArticleFoot Locker takes measures to reach two types of holiday shoppers
Saddled with a 10.5 percent year-over-year increase in inventory but also gaining some traction with customers seeking innovation and latest trend products, Foot Locker has taken strategic steps to reach both deal-seeking customers and others who want premium, on-trend items from key brands such as Nike, Puma, New Balance and ...
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ArticleAsics sets FY26 targets, eyes operating margin of 12 percent
Asics Corp. has raised its profitability and sales bars in a new three-year strategy unveiled this week. The Japanese company wants to achieve a 12 percent operating margin in 2026 on 7-10 percent sales CAGR over forecasted FY23 revenues of ¥570 billion (€3.51b). To achieve those objectives, the group says ...
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ArticleFESI welcomes EU Council’s latest steps towards gender equality in sports
The Federation of the European Sporting Goods Industry (FESI) has welcomed the steps taken by the European Council in recognizing the importance of gender equality in sport, calling it a “significant stride” towards the implementation of the recommendations set forth in FESI’s StrongHer manifesto. FESI commended the Council for its ...
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ArticleSnowboard brand Forum returns to Europe
Austrian board sports and lifestyle specialist Blue Tomato, part of the portfolio of US retailer Zumiez since 2012, is exclusively bringing the snowboards and snow and streetwear from US company Forum back to Europe. The brand went off the market in 2014 and relaunched exclusively online in 2022 in the ...
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ArticleFrance announces physical activity and sport as 2024’s “Grande Cause Nationale”
Each year since 1977, the French Prime Minister has awarded the official label “Grande Cause Nationale” (great national cause) to a public interest campaign implemented by an organization or a group of associations, which will receive assistance and publicity throughout the year. The theme changes every year. For the first ...
