Latest Headlines – Page 260
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Sport 2000 celebrates in Germany
The Sport 2000 brand name is owned by French, German and Austrian shareholders, with Sports Direct still holding a small minority stake. However, only the German shareholder, the ANWR Group, is celebrating its 50th anniversary in style, although the brand was first launched by three French football players in 1966.Besides ...
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Intersport Germany is health-conscious, too
The German voluntary group is organizing a special FitGesund (fit & healthy) symposium, focusing on the topic of physical activity for the purpose of staying or becoming healthy, in an effort to conquer a new attractive segment for its retail members.Intersport is teaming up with some sporting goods brands, regional ...
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Herbert Hainer is leaving a transformed Adidas Group
Some of the most influential retailers, suppliers and other executives in the international sporting goods industry will be converging on a football pitch in Herzogenaurach next Friday to mark the departure of Herbert Hainer, the chief executive of the Adidas group for more than 15 years. The players will include ...
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Peak Sport invests in efficient retailing and international markets
Peak Sport Products blamed sluggish economic conditions and intense competition in the Chinese market for a decline of 6.0 percent in sales to 1,298.1 million yuan renminbi (€173.7m-$194.6m) in the first half of this year, although it has been improving its store network and expanding in international markets.Peak Sport saw ...
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Under the spotlight, SDI predicts lower earnings
Sports Direct International (SDI) managers and directors were under intense pressure at the British sports retailer's packed annual general meeting (AGM) of shareholders in Shirebrook this week, despite a raft of last-minute reforms announced by the group and its majority shareholder, Mike Ashley, regarding working conditions and corporate governance.At the ...
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JD expands rapidly in Europe
JD Sports stores are opening up rapidly in several European markets, capitalizing on scale and soaring sneaker sales. JD Sports already had 103 stores in continental Europe in January but it has been expanding briskly in Germany and Spain, among others, and the JD Sports Fashion group is also investing ...
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Germany is still a drag on Foot Locker
Despite tapering traffic in some European stores, Foot Locker performed strongly in its second fiscal quarter, ended July 30, with net income increasing by 7 percent to $127 million on a 5.0 percent sales rise to $1,780 million. The retailer's comparable store sales moved up by 4.7 percent and its ...
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Intersport Sweden posts big loss for 2015
For the 2015 fiscal year, Intersport Sweden AB has reported a loss of 96 million Swedish kronor (€10.1m-$11.4m). The 2015 fiscal year has not been the only negative year recently for Intersport Sweden. Four of the past five years have reportedly shown negative results as the chain struggled to become ...
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Zumiez buys an Aussie retailer
Zumiez has acquired Fast Time Skateboarding, an Australian specialty retailer for skateboards and other related hardware, apparel and footwear products, founded in 2008 and based in Melbourne, that operates five physical stores and an e-commerce website. It is paying $6.9 million for the purchase, including $5.5 million in cash and ...
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SurfStitch reports a big loss for the year
SurfStitch is under pressure after reporting a loss of 154.7 million Australian dollars (€104.5m-$117.8m) for its continuing operations for the year ended June 30, up sharply from the previous year's loss of A$17.6 million, despite registering an increase of 18.2 percent in revenues to A$235.6 million which was mainly due ...
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Billabong performs best in Europe
Currency headwinds and higher taxes have wiped out Billabong International's profits, with the company posting a net loss of 23.7 million Australian dollars (€16.1m-$18.0 m) for the financial year ended June 30, 2016, compared with a gain of A$4.2 million in the previous year. Although the Australian surf giant continued to ...
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Globe posts higher sales and profits
In contrast with other major players in the tough action sports market, Globe International posted a 27.5 percent increase in consolidated net earnings to 4.74 million Australian dollars (€3.20m-$3.61m) on 9.6 percent higher revenues of A$150.3 million (€101.5m-$114.3m) for the financial year through June 30. Trading under the Globe, Stussy and ...
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Peak Performance grows, driven by retail
Peak Performance saw a further deterioration in operating results for the three months of the fourth quarter to June 30, despite growing revenues, while the brand continued to invest in new stores and completed the clean-up of the wholesale channel and reducing discounts to a maximum of 40 percent. It ...
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Strong progress at Craft’s parent company
Reaching a new record for the quarter, the New Wave Group raised its total revenues by 6 percent to 1,257 million Swedish kronor (€132.5m-$148.2m) for the second quarter ended June 30, with growth of 8 percent in local currencies.It was a particularly strong performance in view of the fact ...
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Lululemon grows less than expected
Lululemon Athletica posted another quarter of strong growth driven by international expansion, although the results fell short of analysts' estimates. Total revenues rose by 13.6 percent to $514.5 million during the three months to July 31, 2016, or by 14.7 percent in constant currencies.Same-store sales went up by 4 percent in ...
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Titleist clubs drive Acushnet’s revenues
Acushnet, the company behind Titleist, Footjoy, Pinnacle and other assets in the golf market, posted revenues for the first six months of 2016 that were up by 4.6 percent to $903.0 million, or by 5.6 percent in constant currencies. In an updated regulatory filing to support its public offering, the ...
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The U.S. saves Fila
Fila Korea reported consolidated net income of 16.0 billion Korean won (€12.9m-$14.5m) for the second quarter, compared with a loss of KRW 31.7 billion in the year-ago period. Operating earnings declined by 1.6 percent to KRW 24.8 million (€19,994-$22,524), but total revenues rose by 4.2 percent to KRW 209.3 billion ...
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Fila helps Anta to raise sales and margins
Anta Sports Products, the leading Chinese sports brand, posted strong results for the first six months of 2016, with revenues jumping by 20.2 percent ahead of the year-ago period to 6,140 million yuan renmimbi (€815.2m-$921.4m). The company, whose holdings include the rights to the Fila brand in China, Hong Kong ...
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Xtep invests in performance and technology
Measures by Xtep to increase its focus on performance sports products have scaled down the Chinese brand's sportswear business but raised its footwear sales and margins in the first half of this year.The shift was paired with increased investments in running products and marketing. Xtep sponsored 12 major marathons in ...
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New management structure at Vista
Vista Outdoor has announced a new segmentation of its recently enlarged brand portfolio, appointing new managers to run its different operations. Kelly Grindle, who remains as president of Outdoor Products, will oversee three new market areas: Outdoor Recreation, Sport Protection and Hunting & Shooting Accessories.Outdoor Recreation will comprise Camelbak ...
