Latest Headlines – Page 269
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Store bankruptcies on the decline in Norway
A recent report published by Sportsbransjen, the Norwegian sporting goods industry association, shows that bankruptcies have been on the decline among retailers operating in the sector. On average, 38 Norwegian sporting goods shops have been affected by bankruptcy proceedings every year in the last four years. In the first quarter of ...
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Hanesbrands buys Champion Europe, reuniting the brand
The management of Hanesbrands sees a potential for the Champion brand to approach an annual turnover of $2 billion at wholesale in the next five to six years, following its agreement earlier this month to take over Champion Europe, which owns the rights to the brand for Europe, the Middle ...
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Big retail merger in Denmark
A major new player is emerging in the Danish market with the proposed merger of an integrated retail chain, Sport 24, with a medium-sized voluntary group, Sportigan. If approved by Sportigan's retail members at their general assembly on Aug. 28, the merger would create a group whose annual retail sales ...
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STMI expands into Italy
STMI, the European buying group spearheaded by Groupe Go Sport and Hervis Sports, which stands for Sports Trade Marketing International, is developing a pan-European data platform for the international brands, analyzing product performance and customer purchasing behaviors by country and by product category. It is set to be launched by ...
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JD grows by 20%
The athleisure trend supported rapid sales expansion for JD Sports Fashion for the year until Jan. 30, as its sales from continuing operations soared by 20 percent to £1,821.6 million (€2,309.6m-$2,620.3m), with comparable store sales up by 11.6 percent across all retail formats.With a slight decline in the sports division ...
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SDI buys more of Findel
Sports Direct International (SDI), the biggest competitor of JD Sports Fashion in the U.K., raised its stake in Findel to 29.79 percent last month – just below the threshold that would make it compulsory for SDI to issue a bid for the listed British online retailer.When it became clear in ...
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More pressure on Ashley
Mike Ashley, the majority shareholder of Sports Direct International, has been ordered to hand over text messages to lawyers as part of a lawsuit by a former adviser, The Financial Times reports.Jeff Blue, a former banker and strategic development director at SDI, is reportedly suing Ashley for £14 million (€17.8m-$20.1m), ...
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Decathlon moves into Slovenia and Australia
Decathlon opened its first store in Slovenia last week, as it continues to spread in the eastern part of the European Union. The store opened on 2,700 square meters in Ljubljana, the Slovenian capital, and the French retailer said that it could open a second store in the country later ...
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Go Sport diversifies into bike retailing
Cycling is an important product category for Decathlon, Competing against it in the French bicycle market, which grew last year by 4.5 percent, Groupe Go Sport has opened five specialist bike stores trading under a new banner, Bike +, and several more should start in the months to come. The ...
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Sportamore expands in the Nordics
Upgraded design and functionality as well as investments in editorial contents and online merchandising algorithms have been supporting a rapid expansion across the Nordic countries for Sportamore, a multi-sport online retailer based in Sweden. Sportamore's turnover surged by 46.6 percent to 542.3 million Swedish kronor (€59.1m-$67.0m) last year and its ...
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Blue Tomato expands with omni-channel strategy
Blue Tomato, the Austrian-based action sports retailer, bucked the unfavorable trend in the board sports market with a 36 percent sales increase to €69 million for the year until the end of January. The company, which runs an online store as well as 25 stationary stores spread between Austria and ...
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Alibaba acquires majority stake in Lazada
Alibaba Group Holding has made its largest overseas acquisition to date by buying a controlling stake in Lazada, an e-commerce company headquartered in Singapore, for one billion U.S. dollars. Alibaba will pay $500 million for new shares in the company and purchase an equal amount from the existing investors, which ...
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Technogym’s IPO draws nearer
Technogym will price its shares in a range of between €3.00 and €3.75 for its planning for an initial public offering on the Italian stock exchange, giving it a valuation of between €603 million and €753 million.The figures communicated so far indicate that the leading Italian fitness equipment company raised ...
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Vivobarefoot beats equity crowdfunding target
As of a deadline set at April 6, Vivobarefoot, the brand of minimalist shoes with patented ultra-thin soles controlled by Galahad Clark, had secured over £1.2 million (€1.5m-$1.7m) from 1,121 investors with just one day remaining to invest, far exceeding its previously set goal of £750,000 (€625,678-$711,383). The largest single ...
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Calida raises its stake in Lafuma
The Swiss lingerie group has reached an agreement to acquire a further 11.63 percent stake in the French Lafuma Group, which owns the Lafuma, Millet, Eider and Oxbow brands, from two institutional investors, Comir and Suparcif. With this transaction, Calida will raise its shareholding in the company to 71.55 percent. ...
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New owner for Tenson after USG bankruptcy
Tenson is poised to expand more rapidly in international markets in the coming years, after the Swedish outdoor brand was acquired at undisclosed terms by Nedvest Capital, a Dutch investment firm.Tenson was previously owned by the Unlimited Sports Group (USG), the leading Dutch sports retailer and wholesaler, which was declared ...
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Jarden’s Outdoor Solutions segment takes a writeoff
Provisions booked by Jarden Corp. for its winter sports operations in the fourth quarter of 2015 add to speculation that they may be divested after the consummation of its merger with Newell Rubbermaid, which was agreed in principle on Dec. 14 and completed following approval by shareholders of both companies ...
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Moncler sets up a new factory in Romania
Moncler has hired around 600 people for the factory it is establishing in Romania, in the Bac?u county, via its local subsidiary Yield Industries. The move is part of a wider plan to expand the company's capacity to make down jackets in-house, while further consolidating its know-how in down jackets. ...
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New board for Elan
About six months after the company's sale to private investors, Elan has appointed a three-member board of directors with two high-profile sports industry executives. Michaela Stitz, previously vice president and general manager for Nike in Central and Eastern Europe, has become the board's non-executive chairwoman. Another non-executive board member is ...
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UA makes waves in sports marketing
Under Armour continues its inroads into global football and rugby in the U.K. It has signed a new 7-year contract with the Southampton Football Club as well as a three-year partnership with an English Rugby Union club, the Worcester Warriors.Both partnerships start with the 2016/17 playing season. Southampton FC, which ...
