Latest Headlines – Page 210
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Polartec’s Apex Awards
Polartec has announced the winning 2018 designs made with its own fabrics. Here are some of the styles developed by sports brands that have won its Apex Awards:- Burton's women's Turbine Quarter zip fleece and pant, originally designed for the U.S. Olympic snowboarding uniforms- Dainese's Flexagon PL waistcoat, a winter sports back ...
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Seven young firms receive OSV’s sponsorship
Outdoor Sports Valley (OSV), the French trade association of outdoor and winter sports companies, has unveiled the names of seven young companies that will receive its sponsorship in 2019. They are:- Hästko, a producer of technical underwear for riders;- MeroMero, a producer of durable, modular products for active parents and ...
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Major sports retailers grow twice as fast as the world market
The 64 largest sporting goods specialty retail chains in the world raised their sales by 10 percent in local currencies as well as in dollars in 2017, according to an annual survey by Sporting Goods Intelligence, in spite of the strong growth of the generalist internet operators in this and ...
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SDI’s sports operations show better margins
The U.K. sports retail segment, which remains the core of Sports Direct International's businesses, showed a sales decline of 0.2 percent to £1,140.2 million (€1,267.9m-$1,437.0m) in the first half of its financial year, ended Oct. 28. The management attributed most of the drop to store closures implemented “as part of the ...
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Ashley calls for taxes on internet sales
Mike Ashley, the controversial British entrepreneur who controls Sports Direct International, has suggested that the British Parliament should impose a 20 percent tax on online sales to protect brick-and-mortar retailers.He said the tax should be imposed on retailers that make more than 20 percent of revenues through the internet, blaming ...
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Amer’s board approves Anta’s takeover plan
Amer Sports has issued a statement that its board of directors is unanimously recommending that its shareholders should accept the tender offer proposed by China's largest sporting goods company, Anta Sports Products, and other investors, after analyzing alternative opportunities.The tender offer for all the shares of the Helsinki-based group is ...
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Dakine finds new brand owners
Marquee Brands, a brand management company whose portfolio includes names such as Bruno Magli, Ben Sherman and Body Glove, has acquired the Dakine brand and the related intellectual property. It has also entered into a long-term license agreement with JR286, a product design company based in California that has acquired ...
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Kettler finds a new investor
Lafayette Mittelstand Capital, a Frankfurt-based equity investment firm, has signed an agreement for the acquisition of Kettler's assets, including the brand, the licensing rights, its intellectual property and its three factories in Germany. The closing of the deal, whose price has not been revealed, should occur in the next days, ...
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Accell places the U.S. under review
Without addressing Pon Holdings' solicitations for a minority stake in the company (SGI Europe Vol. 29 N° 35+36 of Nov. 20), the Accell Group said it will explore strategic options for its U.S. operations during the next six to nine months, including their possible sale. The Dutch-based group has decided ...
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Lululemon beats expectations but shares drop on weak outlook
Although Lululemon Athletica continued on its upward trend since the start of the year, with results for its third fiscal quarter surpassing expectations, its shares dropped by 3 percent as it issued a weaker-than-expected outlook for the fourth quarter.Revenues for the three months ended Oct. 28 were up by 21 ...
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A record year for Johnson Outdoors
Thanks to strong demand for new products, Johnson Outdoors posted all-time high revenues and earnings for its fiscal year ended Sept. 28, in spite of a weak fourth quarter. In particular, the company said it recorded unprecedented growth in its flagship fishing and diving segments, which it attributed to a ...
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Global brands and retailers launch a new charter to collectively address climate change
A large group made up of global fashion brands, retailers, suppliers and other organizations is launching the Fashion Industry Charter for Climate Action, a collective initiative to address global environmental concerns, under the auspices of UN Climate Change. The group includes sports companies such as Adidas, Puma, Arc'teryx, Peak Performance, Salomon and ...
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Decathlon will soon complete its project for environmental labeling for all textile and footwear items
Decathlon will finalize by the end of 2019 its decade-long project that will see all textile and footwear items labeled with their environmental impact, according to reports on just-style.com. Raffaele Duby, sustainable development leader for product and design at the French retailer, also told just-style that the data will be ...
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Original+ from Austria is the overall winner of Ispo Brandnew 2019
Original+, a product for the mass custom manufacturing of alpine skis, has been announced as the overall winner of Ispo Brandnew 2019, the international platform and competition for start-ups in the sports industry. The jury of experts chose one overall winner as well as one winner each in the following ...
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Callaway buys the Paw
In a way widening the definition of the “outdoor market,” the world's leading golf equipment company, Callaway Golf, announced yesterday an agreement to take over Jack Wolfskin, one of the leading European brands of outdoor apparel and accessories. Callaway is paying €418 million for the Paw (the company's nickname based ...
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The European sports market slowed down in 2017
The European sporting goods market performed worse in 2017 than it did in 2016. According to our estimates, the market grew by only 1.7 percent last year in local currencies in the 15 major countries of Western Europe, compared with a growth of 3.0 percent in 2016. Translated into euros, ...
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The French sporting goods market continues to grow rapidly
France will probably come out again this year as the fastest-growing market for sports apparel and footwear in the five biggest European countries, according to the NPD Group, which tracks it constantly through its online consumer panels.France remained the most dynamic market in the 12 rolling months through September, with ...
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Five Spanish buying groups join forces
Isidro Rizal of TDC Sport, Antonio Castro Hermida of Giro 180, Leopoldo Nieto of Quorum Sport, Pedro Solis of Coas Sport Trade and Alberto Santurino of Deportes Cronos have announced that their five buying groups, or central purchasing bodies (CPBs), will be collaborating on sales, services and purchasing. They are ...
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A new chairman for Decathlon
Decathlon has a new chairman, Fabien Derville, who had already been on the board of directors when it was headed up by the company's founder, Michel Leclercq. He replaces one of the founder's sons, Mathieu Leclerq, who resigned last June and is no longer on the board.Derville is an experienced ...
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TAF’s CEO quits after turning it around
Intersport International Corp. (IIC), which acquired The Athlete's Foot (TAF) at the end of 2012, has announced the planned departure in April 2019 of Ingmar Kraak, crediting the Swiss manager for the “resurgence” of a previously ailing banner of franchised stores for lifestyle sports-inspired footwear. Based at TAF's new head ...
