Latest Headlines – Page 284
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Intersport enters Ukraine
Ukraine has become the 45th country in which Intersport will be represented, following a license agreement signed with Epicentr K, a retail group with annual sales of close to €2 billion that operates 65 large-scale hypermarkets and do-it-yourself markets in the country. It is the clear market leader in the ...
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Sport 2000 enters Sweden and Finland
Sport 2000 International is covering all the Nordic countries now that Team Sportia of Sweden and SGN Sportia of Finland have both decided to join the international buying group. SGN Sportia had acquired a controlling stake in the Swedish buying group at the end of last year.Both Sportia and Team ...
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Oaktree stands to get control of Quiksilver
A federal bankruptcy court judge in Delaware has granted preliminary approval of a request made by Quiksilver on Sept. 9 to place its ten U.S. subsidiaries under Chapter 11 protection. It also approved in principle a “plan sponsorship agreement” (PSA) that would allow Oaktree Capital Management, holder of 73 percent ...
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Quiksilver's losses decline, except in the Americas
A few days after the scheduled publication of its financial results for the third quarter, Quiksilver filed a 10K statement with the U.S. Securities & Exchange Commission showing a substantial reduction in its losses. At $101,509,000, the operating loss for the period, ended July 21, was half the $202,680,000 loss ...
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Globe turns positive, but North America is still in the red
Europe was the fastest-growing region for Globe International in the financial year ended June 30. On a currency-neutral basis, sales grew in the region by 46 percent, led by skate, footwear and apparel products under the Globe brand. They rose by 33 percent in Australia and by 14 percent in ...
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Major management changes at Asics
Asics has announced that Emilio Risques, who has been running Asics Iberia since 2006, is also in charge of the Southwest European region since May. In addition to Spain and Portugal, which became part of Asics Iberia in 2012, he will also oversee France.The long-time French country manager of Asics, ...
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Under Armour eyes international sales of $1.5 billion
In a meeting with investors, Under Armour outlined a new strategic development plan that calls for higher growth rates than previously projected, following its recent successes in footwear and in international markets. The company is now budgeting average compound annual growth (CAGR) of 25 percent through 2018, up from its ...
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Lululemon continues to expand internationally
Lululemon Athletica has just opened its first store in Germany and its first showroom in France. In Germany, the 325-square-meter store is located on the Poststrasse of Hamburg, behind the historical facade of a former post office. It carries garments for men and women. In France, it has opened its ...
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Peak Performance reaches an Ebit margin of 11.2%
Peak Performance raised its sales by 4.1 percent on a currency-neutral basis during the financial year ended June 30, driven by higher sales at its own stores. Not including factory outlets, same-store sales went up by 13 percent at the brand's physical stores and through e-commerce, especially in the second ...
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New sports marketing initiatives by Adidas
Adidas is said to be prepared to pay about one billion euros to renew its sponsorship of the German Football Federation for ten years, after the contract expires at the end of 2018. Company officials decline to comment, but the figure seems to be high, although the national German football ...
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New action in Brussels
There was a lot of action in Brussels last Thursday, in connection with the first European Week of Sport and the inauguration of a new House of Sport accommodating the Federation of the European sporting goods industry (Fesi) and other sports-related associations under the same roof. They will be able ...
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Sports hardware fakes worth €500 million are sold each year in Europe
Counterfeiting of soccer balls, golf clubs, tennis racquets, skis, sports helmets and other types of sports equipment costs the European sporting goods industry €500 million a year in terms of ex factory values, according to a new study conducted by the Office for Harmonization in the Internal Market (OHIM). An ...
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Sporting goods sales on the rise in Norway
According to the Norwegian sporting goods industry association, Sportsbransjen, the country's major sporting goods chains raised their sales by 8 percent in the first half of 2015, when compared with the same period last year, with an increase of 4.8 percent in the second quarter. It is not sure whether ...
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Eurobike to add one more consumer day
Eurobike will add a second day open to the public in 2016, in view of the European consumers' growing interest in bicycles. Messe Friedrichshafen, which organizes the trade show, made the announcement on Aug. 29, at the closing of this year's edition. In 2016 the event will be held from ...
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Zalando cancels B&B consumer festival
As we previously reported, the big Berlin-based e-tailer bought the bankrupt Bread & Butter trade show in the former Tempelhof airport of the German capital a few months ago, saying that it was planning to turn the event into a big consumer-oriented fashion festival. It has now announced the cancellation ...
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Growing Zalando invests in research and logistics
Zalando has opened its second “Tech Hub” outside Germany in Helsinki, starting with ten employees this month and building up gradually to 200. The team will concentrate on the development of innovative customer-oriented products, applications and services, particularly on the mobile shopping front. The new Tech Hub will complement the ...
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Stella sees increasing foreign demand
Stella International Holdings has reported a 12 percent increase in shoe deliveries to 23.7 million pairs during the first half of this year, due to increased demand from U.S. and European clients who are beginning to refill their depleted inventories.Average selling prices for footwear increased by 0.7 percent on the ...
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Rugby’s largest market is the U.K., but France is growing
Great Britain is the largest rugby market in Europe, according to NPD, with sales of footwear and apparel of around £83 million (€113.2m-$128.0m) for the 12 months ending March 2015. The NPD Sports Tracking Consumer Panel tracks purchasing of sports footwear and apparel across five markets in Europe: the U.K., ...
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Halfords reports a 11% drop in summer sales
Bad weather in the U.K. was blamed for causing a sharp drop in sales in Halfords' cycling range in the eight weeks ended Aug. 28. The rainy and inconsistent weather in July and August discouraged casual cyclists from buying new equipment, according to the retailer, which saw revenues in those ...
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Intersport grows fast, launches Run & Fit
Officials of Intersport International Corp. (IIC) are reporting an exceptionally strong increase of 6.7 percent in euros at the retail level for the first six months of 2015. Separately, the international retail organization has announced the opening of the first of a new series of stores specializing in running ...
