Latest Headlines – Page 184
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ArticleMicam diversifies into sports shoes
Micam Milano, the world’s largest footwear trade show, wants to capitalize on the growing sneaker and urban outdoor trends with the second edition of the Players District, a new segment within the fair in which companies like Lotto, Joma Sport, CMP and Garmont participated last September in a dedicated space. ...
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ArticlePentland buys Speedo’s North American business
Pentland announced yesterday that it has agreed to buy the perpetual rights to the Speedo brand in North America and the Caribbean and the related operations from PVH Corp. for $170 million in cash, uniting all the brand’s operations around the world under a common umbrella just in time for ...
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ArticleRussia’s Sportmaster buys the Danish chain by the same name
Sport Danmark, the company that owns the Danish loss-making Sportmaster chain of sporting goods stores, was sold on Dec. 23 by Nordic Capital to a company in Singapore, Sportmaster Operations Pte., created by the Russian Sportmaster Group in 2012 to oversee its development in China and to conduct acquisitions in ...
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ArticleSportmaster reportedly emerges in Uzbekistan
The leading Russian sporting goods retailer is to open three stores in Uzbekistan, starting in March, in three of its shopping malls in Uzebistan’s capital city of Tashkent, said a local real estate operator, The Tower MMG. The new stores will occupy 1,100 to 1,270 square meters each.
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ArticleAnother new chief executive for XXL
After issuing yet another profit warning for the fourth quarter of 2019, the board of directors of XXL ASA announced earlier this week that it has appointed Pål Wibe as the new chief executive of the company, which is the largest sporting goods retailer in the Nordic countries.
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ArticleDecathlon Germany will open a third logistics center and its largest store
After 16 new store openings in 2019, Decathlon Germany ended a very successful year with a total of 80 doors, compared with only 26 at the end of 2015. More or less until 2010, the French retailer had a tough time in the market, due in part to its disruptive ...
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ArticleAdidas launches a skiwear line
Confirming a report in Süddeutsche Zeitung, Adidas says it is planning to enter the snow sports market with a line of winter sports apparel for cross-country and alpine skiing, ski touring and snowboarding for the autumn/winter 2020/21 season. It will be launched under its growing sub-brand for outdoor products, Adidas ...
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ArticleThe ski market is apparently growing in the long term
Manufacturers’ deliveries of skis, boots and bindings to the trade grew for the third year in a row during the winter 2018/19 season, according to an annual study recently released by the Federation of the European Sporting Goods Industry (Fesi). Some analysts expect the trend to continue to be positive ...
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Half of Spain’s snow sports retailers are gone, but...
There is some general good news for Spain’s ski sector. Thanks to this past Christmas, the 2019/20 ski season is off to a strong start. The main ski lodges in Spain and Andorra have seen skiers’ numbers increase. The Aramón group had its second-best start ever, with 325,000 skiers, and ...
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Thule acquires a fishing rod carrier
The Thule Group has acquired Denver Outfitters, an American producer of vehicle-mounted fishing-rod carriers.
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Sports brands and retailers help fight Australian blaze
Several companies in the sporting-goods industry are making donations to help rescue wildlife and help fight the great bushfires that have kept swaths of Australia ablaze since early September. They appear to be the worst fires on the continent since the mid-1970s. So far, they may have killed as many ...
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ArticleIspo Group activates end consumers
With the third Sports Week scheduled to take place from Saturday, Jan 25, to Saturday, Feb 1, 2020, the Ispo Group is again organizing a series of activities and events in Munich and the surrounding area in connection with this year’s Ispo Munich trade show. In keeping with the motto ...
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ArticleNike and Adidas trigger distinct emotions
In an interesting exercise, CMDsport has pitted the top two sports brands against each other in a survey of 5,491 Spaniards who read its publications. At stake were the “emotions” that these brands inspire. The Spanish trade paper developed a list of 34 such emotions or perceptions and asked participants ...
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ArticleWildberries moves into Poland
Incidentally, Wildberries, the largest online retailer in Russia for all kinds of products, has just created a subsidiary in Poland, launching a dedicated web store and opening a first pick-up point for click-and-collect orders, which should be followed by about 100 more in due time.
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ArticleXXL issues another profit warning
XXL issued a profit warning last week, citing particularly weak trading conditions in December and at Christmas. It said poor winter conditions in the big cities where it operates, combined with large price cuts from competitors, contributed to a sales drop of 12 percent on a comparable basis in the ...
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Is Pentland readying new acquisitions?
Confirming a report that it had reduced its stake in JD Sports Fashion, while retaining its position as its majority shareholder, the Pentland Group says the sale of the shares will enable to further a strategy of “growing our portfolio of sports, outdoor and fashion brands through organic investment and ...
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ArticleDecathlon relies on Alibaba for online sales in Russia
Decathlon has begun to sell its products online in the country through the Tmall marketplace of AliExpress Russia, instead of using its own internet platform as in other countries.
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ArticleAmer is focusing on brand management
In a move intended to get closer to the consumer, Amer Sports is introducing a new “brand-direct” business model in its global sales organization. Each of the brands in Amer’s portfolio – Arc’teryx, Peak Performance, Atomic, Salomon, Suunto, Wilson and Precor – will have a dedicated, direct sales structure in ...
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Babolat shifts its focus to Asia
The world’s leading producer of tennis racquets announced last month that it was putting an end to its contract with the French Tennis Federation (FFT), signed in 2011, as the official supplier of racquets, balls and strings for the Roland-Garros tournament. As reported in a news briefs in this issue, ...
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Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed
