Latest Headlines – Page 220
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Japan opens up to ski boots
European manufacturers of ski boots and their importers in Japan are spending almost €20 million a year on import duties to enter the country, where the once flourishing production of similar products has declined considerably. The Economic Partnership Agreement signed between the government of Japan and the European Union last ...
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Analysis: The global athletic shoe market 2017
The global athletic shoe market accelerated in 2017 , with a gain of 9.4 percent in dollars to $63.2 billion compared with an increase of 8.8 percent recorded in the previous year, according to an annual SGI survey of the branded market based on the vendors’ revenues from this type ...
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Buoyant last quarter for Nike’s digital year
Marked by investments in its digital transformation, the Nike group's fiscal year ended on May 31 with a robust fourth quarter, driven by buoyant international and direct-to-consumer (DTC) sales, and a return to growth in North America. Investors responded favorably, sending up the stock market price by more than 11 ...
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Puma returns to basketball
Puma has repeatedly said that it would return to basketball when it will find a way to do so with the right mixture of performance and cultural relevance. It has ticked both boxes in the last few days through partnerships with Walt Frazier, Jay-Z, Deandre Ayton and more.The deals inked with ...
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Decathlon pushes its private labels
Confirming articles in Sport-guide.com, SportEco and other French media, Decathlon says it is going on with a process of replacing external brands with its own private brands, indicating that their number could rise in the next few years in order to cover all the sports activities, including the most innovative ...
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Decathlon creates new complexes in Russia and the U.K.
Decathlon has signed a contract with the International Sambo Federation (FIAS) and the municipality of St. Petersburg to build a major sport complex in the city. The rather unique facility would occupy 9,500 square meters on four floors. It would give a privileged place to sambo, a typically Russian and ...
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Is Courir up for sale?
Courir, the French retail chain specializing in athletic footwear, could be sold by the end of this year, according to a report in Capital Finance. Courir is currently part of Groupe Go Sport, which belongs to the Rallye retail group, and the French financial newspaper reports that the owner has ...
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Sport 2000 launches the Absolute specialist retail brand
Sport 2000 Europe has created the Absolute retail brand for affiliated retailers that want to adopt a harmonized specialist concept. The buying group envisages several iterations of the retail brand in various categories, from Absolute Teamsport to Absolute Run, Absolute Fitness and Absolute Outdoor.The move follows the launch of Sport ...
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Sport 2000 is nearly flat internationally
Sport 2000 International announced at its annual meeting in Germany a few weeks ago that its affiliated retailers reached total revenues of €3,181 million (before VAT) in 2017, representing an increase of 0.34 percent as compared to the previous year. The international retail organization had announced a much bigger figure ...
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Aggressive overhaul at Intersport still to pay off
Intersport Deutschland unveiled a new strategy at the OutDoor show in Friedrichshafen last month. Known as “One Intersport,” it aims to make the 1,100-odd Intersport dealers in Germany, Austria, Slovakia, the Czech Republic and Hungary more profitable by, among other initiatives, creating a more uniform appearance among the stores and ...
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SportScheck reduces its offline footprint
The leading German sporting goods retailer, which is performing better online than offline, has decided to close down its store in Reutlingen by July 31, reducing the number of its brick-and-mortar stores to a total of 18 stores. After checking various alternatives, SportScheck arrived at this decision while placing all ...
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Shift in shareholding for 21sportsgroup
Three prominent former media executives and investors have jointly taken over about 40 percent of the shares in 21sportsgroup, the German online and offline sports retailer that encompasses Planet Sports, 21run and Vaola, Textilwirtschaft reported last week that the shares were bought through firms related to Georg Kofler, Michael Börnicke ...
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JD pursues European expansion
JD Sports Fashion is on track to deliver a financial performance aligned with consensus market expectations for the full fiscal year ending in February 2019, bolstered by continued expansion of its store network outside its home market.The update was provided by Peter Cowgill, the British retail group's executive chairman, at ...
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Footasylum’s shares tumble
Footasylum's shares crashed after the British sports fashion retailer reported a robust performance accompanied by a profit warning a few days ago. While its underlying earnings increased by 12 percent to £12.5 million (€14.1m-$16.4m) in the year to Feb. 24, the retailer predicted that they would grow more modestly in the ...
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Mixed fortunes for SDI’s strategic investments
Sports Direct International (SDI) has offloaded its interest of 19.3 percent in The Finish Line, just after the closing of the U.S. sports retailer's acquisition by the JD Sports Fashion group, its rival in the European and international sports retailing sector.It remains unclear what were the profits from the sale, ...
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Strong results for Pentland
Pentland Group reports a 14 percent increase to £376 million (€424.2m-$493.4m) in its operating profit before amortization of intangibles and extraordinary items for the year ended Dec. 31. The net value of its assets went up by 22 percent to £1,276 million (€1,439.6m-$1,674.3m).Total group revenues rose by 25 percent to £3.6 ...
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Swedish investors buy Henri Lloyd
Henri Lloyd, the British brand of sailing and lifestyle apparel, has been bought out of administration (a British form of receivership) by a subsidiary of Aligro Group, a Swedish investment firm, in a deal that entails 128 job losses as well as the closure of four stores, concessions and the ...
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Top management changes at VF
Kath Smith, the seasoned executive who replaced Arne Arens as vice president and general manager for The North Face in Europe, the Middle East and Africa (EMEA) in March of last year, has informed us that she plans to leave the company and retire sometime next month. A replacement had ...
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Canada Goose posts a revenue increase of nearly 50%
Canada Goose reported a revenue increase of 46.4 percent to C$591.2 million (€384.6m-$447.1m) for its fiscal year ended on March 31, as compared to fiscal 2017. On a constant-currency basis, the revenues increased by 47.7 percent. The company said the performance in fiscal 2018 was exceptional across all growth strategies ...
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Russian banks drive up the domestic demand for sports goods
On the occasion of the 2018 Fifa World Cup being played in Russia, both state-owned and private banks started issuing special credit cards to customers that include a voucher for discounts of up to 20 percent on the purchase of products in the stores of some big Russian sport retailers ...
