Latest Headlines – Page 197
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Babolat and other brands promote pádel
Babolat, the French leader in racquet sports, has just announced the launch of a “Babolat Rafa Celebration Box” in connection with the 12th victory of its main sponsored tennis player, Rafael Nadal, at the Roland-Garros tennis tournament a few days ago. Available in only 220 numbered units and accompanied by ...
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New home base for Scott Sports
Scott Sports moved a few weeks ago into an impressive new headquarters in Givisiez, the Swiss town it has called home for 40 years. The construction of the new, single building began in June 2016 and cost about 60 million Swiss francs (€54m-$60m). The result is a seven-story structure of ...
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Milliken acquires Polartec
While no figures have been given – not even for the turnover of the two companies – Versa Capital Management is probably going to make a nice capital gain from its sale of Polartec to Milliken & Company, a large and diversified U.S.-based textile group. The strategic investment contract is ...
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EU anti-dumping duties on Chinese bikes are due to stay
Protecting its bike industry better than the U.S. and Japan are protecting theirs, the European Union has levied anti-dumping duties on bicycles originating in China since 1991. The EU is set to maintain them for another five years, now that the European Commission has completed and published its 12-month review.Parties ...
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President Trump’s special diplomacy shakes up the market
Hundreds of companies, including many sports brands and retailers, are traveling to Washington and posting testimony for this week's hearings in the U.S. Congress on the planned new round of punitive tariffs against China. Even New Balance, an early supported of U.S. President Donald Trump that has its own assembly ...
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Adidas and Nike back women’s football
Adidas has signed up as a founding partner of United for Girls, a new initiative from the U.S. Soccer Foundation aimed at increasing opportunities for girls and women from underserved communities to play football. Adidas' participation in United for Girls is part of the brand's “She Breaks Barriers” initiative to ...
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Internet-driven hike in the Russian sport market
The rapid development of e-commerce in Russia has given a strong impetus to the sale of sneakers and other sports products in the last few months. From March to May, overall sales over the internet jumped by as much as 30 percent in the country, according to a market survey ...
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Sales of illegal shoes are booming in Russia
A few months before the long-awaited introduction of the compulsory tagging of all shoes in with RFID chips in Russia, the flow of counterfeit footwear is skyrocketing in the country. Natalia Demidova, director of the Russian National Shoe Union, told the Russian Retail Week conference in Moscow that their market ...
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Russia eyes import replacement scheme for sports items
The Russian Industry and Trade Ministry has prepared a draft project to promote the replacement by the domestic industry of products imported from abroad. As part of this program, the government would offer funding and subsidies to sports clubs and associations in the country for the purchase of the goods ...
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Ispo sees key drivers in athletes’ purchasing decisions
Ispo has interviewed athletes in a Europe-wide study to understand what ultimately drives their purchasing decisions when they look for new sports equipment. The study found that recreational athletes keep track of product awards, pay attention to the durability of the products, and are particularly active online.The vast majority of ...
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SGI Europe partners with Ispo Digitize
We have agreed to partner with Ispo to support its initiatives in the area of digital know-how, in view of the enormous challenges and opportunities created by the digitalization process for our sector. As part of this partnership, all the subscribers to SGI Europe who have not yet registered for ...
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E-sports will be part of Ispo Digitize
One of the big topics at the convention will be e-sports, a rapidly growing segment of the market in which sports brands and retailers have started to invest, mainly through sponsorships and by opening dedicated corners in sporting goods stores.At this year's event, one of the workshops will have the ...
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ArticleFesi calls for less stringent IOC rules
The Federation of the European Sporting Goods Industry (Fesi) is calling for common regulations all over the European Union on the use of the sponsors’ brand names and logos in connection with the Olympic Games following a positive response by the German Cartel Office to a challenge by the German ...
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WFSGI may make an announcement soon
Robbert de Kock, president and chief executive of the World Federation of the Sporting Goods Industry (WFSGI), called the actions of BSI and Fesi “a step forward” in the sporting goods industry's relations with the IOC. While advocating “a more global solution,” he pointed out that the issue is very ...
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Foot Locker grows slightly
Disappointing investors, Foot Locker reported a lower-than-expected 2.6 percent increase in revenues to $2,078 million for the first quarter ended on May 4, with gains of 4.6 percent on a same-store basis and 4.7 percent in constant currencies. However, digital sales jumped by 14.8 percent, representing 15.4 percent of the ...
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New management and new business plan for Cisalfa Sport
Cisalfa Sport has appointed Maurizio Mancini as the new chief executive of Cisalfa Sport and Intersport Italia, which together form the largest network of sporting goods stores in Italy. Formerly in charge of product, he has been working for many years at the company together with his brother Vincenzo Mancini, ...
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Denmark’s Sportmaster is refinanced
Nordic Capital, which took over the Danish Sportmaster retail group and related assets in 2012, has agreed to inject 35 million Danish kroner (€4.7m-$5.3m) into its parent company, Sport Nordic Holding, after a big deterioration of its results in 2018 that was attributed to logistic problems and fierce competition in the ...
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XXL Sweden’s CEO quits over Facebook post
XXL ASA is still looking for a new chief executive for the group, after the CEO of its Swedish subsidiary, Per Sigvardsson, stepped down recently following a controversy surrounding a Facebook post made in April about a Swedish climate activist, Greta Thunberg.Sigvardsson himself claimed that he had been hacked and, ...
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Big drop in Norway’s sports market
XXL was not the only poor performer in Norway in the first quarter of 2019. As we already reported, its sales in its home market fell by 5.9 percent in the quarter, with a drop of 10.3 percent on a comparable basis (SGI Europe Vol. 30 N° 15-16 of April ...
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Intersport hopes to overtake Decathlon in France
The management of Intersport France told its retail members last month that it wants to become the leading sporting goods retailer in France by 2024, the year of the Olympic Games in Paris, or one year later, taking the place of Decathlon in the retailer's home market. The management of ...
