Latest Headlines – Page 253
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XXL invests in Austria, has a new manager in Sweden
We have already reported about XXL ASA's expansion into the Austrian market, which is somewhat similar to the Norwegian one and where the big Norwegian sports retailer stands to benefit from Sports Direct International's problems in the country. For this first foray outside the Nordic countries, XXL will start by ...
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SDI agrees to sell Dunlop rights to Sumitomo
Sports Direct International (SDI) has agreed to sell its rights to the Dunlop brand and the related wholesale and licensing business to Sumitomo Rubber Industries (SRI) of Japan for $137.5 million in cash, as adjusted for net debt and working capital on completion.The British retailer and wholesaler said that the ...
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New deals for Sergio Tacchini
Sergio Tacchini has signed a new exclusive license for the U.K. and Ireland with the Batra Group, which has been its supplier for a Heritage line since the beginning of 2016. The new license covers apparel and accessories in this segment as well as sports and leisure products under the ...
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Babolat consolidates market shares
While investing in two alternative ball sports - badminton and padel tennis - Babolat continues to raise its market shares in a generally declining market for tennis racquets, consolidating its leadership in many important countries.The French company's total sales remained relatively stable at €144.8 million in the financial year ended ...
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Sport is growing fast in Spain
With an increase of 5.9 percent, the Spanish sporting goods market grew faster than most other national markets in Europe in 2015, with the exception of Italy, Ireland and Norway, according to our annual European retail charts. Spain may have repeated the feat in 2016 judging from a study by ...
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Ispo will host over 2,700 firms
We have already reported in The Outdoor Industry Compass earlier this month about the consultations taking place in the outdoor sector and the broader sporting goods industry regarding the optimal dates for trade shows, following the recent changes at the OutDoor show in Friedrichshafen and Outdoor Retailer in Salt Lake ...
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Ispo launches Career Day with Sportyjob
As an extension of the Ispo Job Market, a new online portal for the recruitment of new talent in the sporting goods sector launched last summer, Messe München is going to stage a new “Ispo Career Day” on Tuesday, Feb. 7, during the Ispo Munich trade show.Between eight and ten ...
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Many sports brands at the Berlin Fashion Week
More than 200,000 visitors were counted at the increasing number of trade shows that took place during the Berlin Fashion Week from Jan. 17 to 19. Those that featured sporting goods brands were primarily Bright and Seek, but the Premium and Panorama shows also welcomed a few. More than 50,000 ...
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Alibaba seals a strategic tie-up with the IOC
The International Olympic Committee (IOC) has sealed a long-term partnership with the Alibaba Group, under which the Chinese online giant will become part of The Olympic Partner, the IOC's global sponsorship program. The deal, which was unveiled at the World Economic Forum in Davos earlier this month, marks a far-reaching ...
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Zalando grows less than expected
Zalando put out nice preliminary figures for the fourth quarter ended Dec. 31, although they came in below its latest forecast for the period. Breaking the magic €1 billion range for the first time, the quarterly turnover reached a level estimated at between €1,086 million and €1,094 million, representing an ...
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Sports products become more electronic
Two big sports brands, New Balance and Under Armour, launched innovative electronic applications at the big Consumer Electronics Show (CES) in Las Vegas earlier this month, joining big names in sports wearables such as Fitbit and Garmin.The Digital Sports Division of New Balance, formed in 2015, brought out its first ...
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Piq introduces artificial intelligence
Piq, a French technology start-up that has developed connected devices in partnership with Rossignol, Babolat, North Kiteboarding and Mobitee, has developed an artificial intelligence interface focusing on sports performance, which was presented at the Consumer Electronics Show in Las Vegas.Gaia, the group's artificial intelligence system, can break down and analyze ...
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Halfords posts better-than-expected sales
Halfords' retail sales on a same-store basis increased by 7.0 percent in the third quarter to Jan. 13 as compared to the third quarter a year ago. Halfords' shares jumped by more than 8 percent after the announcement, on Jan. 19. Total group sales increased by 11.4 percent. The company ...
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New Wave Sports becomes Craft of Scandinavia
New Wave Sports, a subsidiary of the big New Wave Group formed in 2008, has been renamed as Craft of Scandinavia, with an ambitious plan to raise its annual sales from around one billion Swedish kronor (€104.5m-$110.8m) to SEK 1.5 billion (€156.8m-$166.3m) by 2020, partly through a diversification into the ...
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Down prices are headed upward
The cost of down feathers is quickly rising because of the current bird flu epidemic and some exceptionally cold winters in big markets, according to an official of Allied Feathers & Down. This may affect animal welfare, he adds: As prices increase, unscrupulous suppliers will try to offer material from ...
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…and so are Asian paper prices
Paper is the major component in the packaging of products made in Asia, accounting for an estimated five percent of the ex-factory price. During the last few years, Asian recycled containerboard prices have been enjoying modest price fluctuations. Suddenly, last November, there was a significant spike in prices all across ...
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Nike reassures with improved quarter and structural measures
The Nike group has reassured investors with broad-based increases in sales and profits for the three months until the end of November, and with structural measures to respond more rapidly to consumer demand.The U.S. company has under-performed on the stock exchange this year, chiefly due to weaker growth in the ...
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Sports Direct wants to adjust European stores
Sports Direct International (SDI) has warned that its international retail business could continue to deliver a weak performance in the medium term, as the British sports retailer is suffering from unfavorable exchange rates and it has started to implement a “more tailored” approach to Europe.At the request of investors, and ...
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JD Sorts Fashion launches review of warehouse working conditions
JD Sports Fashion has requested an independent review of policies and their implementation at its distribution center in Rochdale, which has come under scrutiny after allegations in a British television program broadcast earlier this month. The investigation by Channel 4 News alleges that some workers at the warehouse in Kingsway ...
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Decathlon finalizes Skimium divestment
Decathlon has finalized the divestment of its 80 percent stake in Skimium, an online French ski rental platform operating with about 240 affiliated retailers in France and Andorra. The operation was fully taken over at an undisclosed price by three shareholders with equal stakes: Eric Laboureix and Dominique Chomarat, two ...
