Latest Headlines – Page 141
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Intersport Austria emerges reinvigorated in H1
Intersport Austria had to report a drop in sales of almost ten percent for the first half of 2021, yet the cooperative is optimistic about the year as a whole, as long as trade and borders remain open. Despite long retail lockdowns and a largely lost ski season earlier this ...
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ArticleIntersport sells The Athlete's Foot
The board of Intersport International Corp. (IIC) had already decided one year ago to initiate a search for a new owner of The Athlete’s Foot (TAF), the sports lifestyle footwear banner that it acquired in 2012. The Swiss-based owner of the big Intersport brand has finally picked the Arklyz Group, ...
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ArticleSporting goods stocks jumped by 26.65% in Q2
The average share price of the sporting goods sector grew by 26.65 percent between March 31 and June 30, accelerating from the 10.9 percent growth recorded in the first three months of this year. As usual, the public companies in this sector scored much better than all the major stock ...
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Adidas shortlists five candidates for Reebok’s takeover
Adidas has drawn up a shortlist of five candidates for the acquisition of Reebok, according to Reuters, asking them to submit their bids by August. The only strategic investor on the list is Wolverine Worlwide, owner of Merrell and some 15 other shoe brands. It has reportedly proposed to take ...
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Decathlon begins renting sporting goods in Russia
Decathlon has installed 40-feet containers in several city parks in St. Petersburg where customers can rent some of the company’s sporting brands. Depending on the season and location, Decathlon plans to rent out bicycles, electric scooters, kayaks, SUP boards, tents, football gates, skis, snowboards and skates. Customers can also pick ...
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ArticleSalomon announces sustainability goals around its sports marketing efforts
Salomon is committing to improving the environmental impact of its in-person events, athletes and ambassadors. The brand has outlined specific sustainability-related goals to meet by 2025, touching both the protection of local nature and the overall emissions related to sports marketing. The brand’s two-pronged approach around events and athletes will ...
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ArticleThe Swedish sports market recovers after a 2.9% drop in 2020
The Swedish sporting goods market fell by 2.9 percent in terms of offline and online retail sales in 2020, but it made a strong recovery in the first quarter of 2021 with a growth of 15.0 percent, according to the Sportindex, a new quarterly report compiled by the Swedish sporting ...
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ArticleJD upgrades its forecast, reinstates the CEO role
Confirming a report that came out in The Sunday Times in May, which had been initially denied, Peter Cowgill, executive chairman and CEO of JD Sports Fashion, revealed a plan to divide his role before the next annual general meeting of the company one year from now, adding that “a ...
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ArticleGymshark’s co-founder and main shareholder replaces Hewitt as CEO
Starting on Aug. 1, Ben Francis, the 29-year-old entrepreneur who co-founded Gymshark in 2012 and is the British fitness apparel brand’s controlling shareholder, will take over the role of CEO from Steve Hewitt, who had been appointed managing director in 2015 and promoted to CEO two years later. Francis has ...
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ArticleGrowing demand for antimicrobial protection
Swedish firm Polygiene®, the market leader in branded antimicrobial and stay-fresh treated textiles, serving more than 200 global premium brands, has witnessed a big increase in new accounts and interest in product categories beyond apparel.
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ArticleEurobike will move from Friedrichshafen to Frankfurt in 2022
A new and more central location, new dates, new concept – only one thing remains: the organizing team of people involved in the project. To strengthen its market position and further develop its flagship trade shows in the areas of Urban Mobility and General Aviation, Messe Friedrichshafen, organizer of the ...
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ArticleJD Sports Fashion on track to acquire Deporvillage
Deporvillage has found a buyer. As we reported in January, the owners of this international sports e-tailer based in Catalonia had engaged a financial advisor with a view toward selling a majority stake. JD Sports Fashion has since stepped in through its controlled holding company in Spain, the Iberian Sports ...
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ArticleNike beats expectations as EMEA, North America sales surge and China resists
The Nike group posted better-than-expected results for the fourth quarter ended on May 31, 2021, as sales nearly doubled as compared to a year earlier, when its performance was severely impacted by store closures tied to the Covid-19 pandemic. After the release of higher-than-expected results for the quarter, Nike’s share ...
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Updated: Nike performs much better than estimated
A few hours before the release of Nike’s results at 10:15 PM CET yesterday, 24 out of 30 financial analysts were recommending that its shares should be purchased, according to the Wall Street Journal, giving an average price target of $163.34 against a current stock market price of around $134 ...
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Big profit on investments lifts China Dongxiang’s results
A 269 percent gain in investment income boosted operating and net earnings at China Dongxiang for the financial year ended March 31. While its revenues went up by 27.8 percent to 1,970 million yuan remimbi (€255.0m-$304.5m), the Chinese sportswear company’s net income showed a fourfold increase to RMB 1,811 million ...
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Pentland sees “modern slavery” escalating
In the fifth edition of its Modern Slavery Report, released a few days ago, Pentland Brands looks back on a year that presented unprecedented challenges to those already at risk of forced labor, excessive hours and discrimination in the workplace. According to the Global Slavery Index, 58 percent of the ...
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ArticleA digital expert will be Wolverine’s new CEO
Blake Krueger, who was reported a few weeks ago to be 66 years old, with a net worth of more than $40 million, is gradually relinquishing his functions at Wolverine Worldwide, where he has worked for 28 years. The 52-year-old Brandan Hoffmann, who took his place as president of the ...
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ArticleStudy shows cross-border online shopping habits of Europeans
Cross-Border Commerce Europe (CBCommerce), a Brussels-based platform promoting cross-border online commerce in Europe, has examined and evaluated the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online shopping, which generated sales of €146 billion in 2020 (excluding the travel segment) in the EU, ...
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Fast-growing Time2padel expands in Italy, Sweden and Chile
Time2padel, a Spanish pádel retailer which also owns the Padelmania banner, is embarking on a major international retail expansion through franchises and “corner” shops at pádel clubs, according to a report in CMDsport. This year in Italy it will be adding two new franchises, in Naples and Palermo, to the ...
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ArticleBd-capital invests in the SportPursuit shopping club
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a pan-European, operationally managed private equity firm established in 2019 in London. According to a company statement, bd-capital’s investment, whose terms were not disclosed in a ...
