Latest Headlines – Page 219
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JD invests in German expansion
JD Sports Fashion is reportedly investing in its resources for development in Germany, to rapidly spread its stores across the country as well as Austria and Switzerland.The British sports fashion retailer moved into Germany in 2013 with the acquisition of a majority stake in Isico, a sneaker retailer established by ...
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Kaufhof and Karstadt partnership on the table – again
Hudson's Bay Company (HBC), the Canadian company that owns Galeria Kaufhof, has confirmed that it was exploring a tie-up with Karstadt, which could lead to the long-awaited partnership between the two German department store groups.The confirmation came after a report from Wirtschaftswoche, which said that a principle agreement had been ...
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Signa Sports reinforces management
Signa Sports United, the company behind Internetstores, Probikeshop, Tennis Point, Outfitter and Stylefile, has reinforced its management team with the appointment of a chief strategy officer (CSO) and a chief technology officer (CTO), as a means to pursue what it describes as “aggressive growth.”Signa said upon the appointment of the ...
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Tablets have raised sales at SportScheck stores
SportScheck reports that the use of tablets has boosted annual sales in its stores by an estimated €10 million, while reducing the number of product returns by half. After launching its in-store app three years ago, SportScheck managed to send out 130,000 new customer cards and to update 90,000 customer records.These ...
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Nike secures football triumph with France
Just a few minutes after France won the football World Cup earlier this month, several players were cavorting around the pitch wearing a Nike jersey with two stars. It marked France's second victory in the tournament – and by most measures it was a marketing win for Nike, which outfitted ...
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The World Cup will affect Russia’s sports goods market later
Some sports retailers in Russia registered a hike in sales just before and during the recent Fifa World Cup, but local analysts believe that the real effect on the market has yet to come.For example, Adidas registered record-breaking sales in the first three days of the tournament. The turnover of ...
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Vans fuels buoyant quarter for VF
Another sales rise of 35 percent for the Vans brand in the three months to the end of June fueled a turnover jump of 23 percent to $2,788.1 million for VF Corporation in the first quarter of its new fiscal year.The group reported a sales increase of 12 percent from ...
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Skechers’ shares tumble after lower-than-expected earnings
Skechers USA again posted record revenues for the second quarter ended June 30, after breaking the threshold of $4 billion in annual sales for the first time in 2017. However, its shares dropped by more than 20 percent after the company posted significantly lower earnings than expected for the quarter. ...
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Sneakers and the internet drive the German shoe market
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with the BBE, the German consultancy for the retail industry, athletic footwear and canvas lifestyle shoes still represent the best-selling segment of the shoe industry. The study also confirms that the online retail business keeps growing, ...
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Adidas challenges Rockport’s sale
A U.S. equity fund, Charlesbank Capital Partners, has emerged as the only bidder for most of the assets of the bankrupt Rockport Group, including its intellectual property rights for the Rockport, Aravon and Dunham brands, its sales operations in Europe and Asia and its other global wholesale and e-commerce businesses. ...
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Mizuno rejigs European structure and widens sneaker range
Mizuno is rejigging its European management amid adjustments in strategic plans for the brand in Europe, which will be marketed more forcefully as a multi-sport brand and expanded in the sneaker market.As previously reported, Mizuno reported sales of 14.3 billion yen (€110.1m-$128.6m) in Europe, the Middle East and Africa for ...
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CEO change at Odlo
Knut Are Høgberg has been appointed to take over as chief executive at Odlo, the Swiss outdoor brand, after nearly three years as chief operating officer and deputy CEO. He has formally taken over this month from Christophe Bézu, who has driven far-reaching adjustments in the Swiss outdoor brand's distribution ...
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Under Armour appoints regional managers
Under Armour has restructured its international management to appoint three regional directors and expand its head office for Asia-Pacific in Hong Kong, as part of the group's plans to drive its international sales.The changes widen the remit of Massimo Baratto, the former chief executive of the Oberalp Group, who joined ...
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Outdoor synergies in the Rossignol Group
Raidlight-Vertical, the French outdoor company that the Rossignol Group bought in 2016, launched a highly technical trail running shoe for the spring/summer 2019 season based on a cooperation with the Italian R&D office of Lange in Montebelluna, one of the ski boot brands of the group. The new shoe, which ...
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The Luhta Group buys into Dachstein
The L-Fashion Group is acquiring a stake of 49 percent in Dachstein, the venerable Austrian brand of outdoor shoes, through Luhta Sportswear Company. The Finnish group's chief executive, Vesa Luhtanen, described the move to us as a strategic investment intended to turn it into a key partner for its clients ...
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New owners for Nomad
The Nomad Company has been acquired by Nederlands Merkgoed Capital, an investment firm that intends to form a group of sports and outdoor brands. Nomad was divested by the Kooijmans family, which started the Dutch outdoor brand in 1978. Owned by three investors who held leading marketing functions at groups ...
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Columbia keeps OutDry to itself
Columbia Sportswear, which acquired OutDry Technologies eight years ago, quietly decided to take no more orders for the waterproof-breathable membrane placed by any of its 50-plus external clients after May 15. The company will continue to use the special lamination technology only for the products of its own brands, including ...
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Accell moves ahead with fresh team and strategy
After a management reshuffle and a sharp decline in profits for 2017, Accell Group is moving ahead with the implementation of its new strategy this year. The Dutch company behind Haibike, Lapierre, Batavus, Raleigh and many other bicycle brands has just about managed to raise its sales during the first ...
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Rapala’s profits rocket
Rapala VMC significantly improved its earnings in the first half of 2018, driven by strong sales in North America and successful performance improvement initiatives in France and Southeast Asia. The Finnish-based company's comparable operating margin rose by 2.9 percentage points to 10.7 percent, and its net income jumped by 62 ...
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Mixed preliminary reports by Chinese companies
361 Degrees, which grew less in China than in the rest of the world last year, said in a preliminary statement that its global retail sales increased at a high single-digit rate during the second quarter of 2018. Revenues from the kids' division advanced by a low-teen percentage rate, compared ...
