Latest Headlines – Page 211
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Daka Sport switches to ANWR
Daka Sport, which has probably become the largest independent national sports retailer in the difficult Dutch market, has decided to work with the ANWR Group and two of its subsidiaries, Garant and the DZB Bank, for some purchasing functions and the settlement of suppliers' invoices, starting on Jan. 1. It ...
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Cisalfa is going omni-channel
Cisalfa Sport grew by 8.2 percent to €380 million in the financial year ended in February, with an increase of 3.9 percent on a same-store basis. The leading Italian sporting goods retailer inaugurated a new store layout, called Cisalfa 3.0, and opened four new stores.A new e-commerce platform, www.cisalfa.it, was ...
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Forum Sport goes more digital
The Spanish sporting goods chain is reopening its store in Vitoria, in Spain's Basque Country. With this refurbished store, the company has focused its investment on better visibility, arrangement and order for the products, trying to give customers the broadest view of its selection.To this end, the 2,600 square meters ...
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SportScheck builds retail and events platform
SportScheck is moving ahead with a strategy to transform its business into a retailing and events platform, which is leading to intensified partnerships with a few brands in sports and other industries.As part of its consumer-focused strategy, the German sports retailer has invested in extensive adjustments of the layout ...
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Karstadt and Kaufhof complete their merger
The Karstadt Sports chain of sporting goods stores will be an integral part of the joint venture between Signa and Hudson's Bay Company (HBC) that will run Karstadt and Galeria Kaufhof department stores in Germany and other retail operations in Belgium and the Netherlands, according to an official announcement made ...
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Foot Locker recovers in Europe
Foot Locker's European operations rebounded in the third quarter ended on Nov. 3, posting a mid-single-digit gain compared with the year-ago period, while still clearing inventories in a challenging market environment. However, sales were off at a high single-digit rate at Runners Point and at a mid-single-digit rate at Side ...
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Intersport outlet opens in Kiev
Intersport has expanded its sales network in Ukraine with the opening of a first multi-brand outlet shop in Kiev by its local partner, Epicenter K. The new store is located in the Berkovetska Street in the downtown area of the Ukraine's capital and occupies a total area of 2,800 square ...
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Sportiv, a new premium sports retailer in Russia
A group of Russian investors has officially opened the first store under the banner of a new sporting goods retail chain, called Sportiv, in Moscow. Until the end of 2018 new stores are slated to be opened in the biggest shopping centers of the Russian capital, according to the Arendator ...
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Lotto’s holding company is in rough legal waters
Surprisingly, an Italian court has accepted a request to place in bankruptcy proceedings Futura 5760, a holding company that indirectly controls Lotto Sport Italia. Futura, which is controlled by Andrea Tomat, president and chief executive of Lotto, owns 27 percent of Lotto’s shares and 70 percent of Next B, which ...
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Important changes at Alpargatas
After working for the Brazilian group for 21 years and running it for the last 15 years, Márcio Luiz Simões Utsch, whose name is generally shortened to Márcio Utsch, is planning to leave as chief executive of Alpargatas in the early part of the first quarter of 2019. Roberto Funari, ...
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Mixed quarterly results for Alpargatas
Alpargatas' consolidated net earnings jumped by 71.3 percent to 119.8 million reais (€27.6m-$31.3m) in the third quarter ended on Sept. 30, but this was partly due to non-recurring items. Excluding them, the Brazilian group's Ebitda margin fell by 1.3 percentage points to 12.3 percent on 2.2 percent lower revenues of R$ ...
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Lower results for Vulcabras
After recording improved results for several quarters, the parent company of Olympikus and Azaleia reported lower sales and profits for its third quarter, just as it is gearing up to take over the distribution of Under Armour in Brazil.The group's total net revenues were off by 6.3 percent to R$ ...
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Pou Sheng boosts Yue Yuen’s results
Revenues from manufacturing activities declined by 2.8 percent to $3,930 million in the first nine months of this year for the world's largest shoe producer. The volume of shoes it made by Yue Yuen Industrial during the period dropped by 0.9 percent to 236.5 million pairs and their average selling ...
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Fesi calls for more concrete actions to promote sports within the EU
The Federation of the European Sporting Goods Industry (Fesi) is calling EU Member States to include sport and physical activities as a priority in sectors that are not principally defined as sport but where the contribution of sport has nevertheless been widely demonstrated. These areas include, for example, health, education, ...
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Big changes at Fesi
The general assembly of the European Federation of the Sporting Goods Industry (Fesi) has approved all the proposals put forward by its board of directors to modernize the organization and to make it more transparent and representative of the sector.Only companies whose focus is on sporting goods and their federations ...
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Karstadt and Kaufhof will push sport
Karstadt and Kaufhof are planning to pool their purchasing operations in the sporting goods sector and to boost their presence in the sporting goods market, according to reports in Textilwirtschaft that could not be confirmed by the time of going to press.The reports came out while the German Cartel Office ...
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Gresvig has a new CEO
After XXL ASA (see our latest issue), another big sporting goods retailer is changing management in Norway. Lars Kristian Lindberg has taken over as chief executive of Gresvig, the Norwegian retail group that owns the G-Sport and G-Max franchises and is the national licensee of Intersport.Lindberg replaces Pål Heldrup Rasmussen, ...
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The weather impacts Zalando
Zalando's management blamed the protracted hot summer weather for a slowdown in its growth to a rate of 11.7 percent during the third quarter. It added that it will do its best to return to its longer-term target of annual sales growth of 20-25 percent during the fourth quarter, but ...
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Adidas is performing well globally
The Adidas Group is predicting a global sales increase of between 8 and 9 percent in local currencies for the current financial year, down from a previous forecast of 10 percent, due to continued lower-than-expected sales results in Western Europe. However, it has revised upwards its expectations for profitability, predicting ...
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More signs of fatigue for Adidas in Europe
After a strong rally between 2015 and 2017, the Adidas brand has performed so far this year less well in Europe generally than Nike, Puma or Under Armour. In the third quarter, its sales in Western Europe were off by one percent in euros and by two percent in constant ...
