Latest Headlines – Page 295
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Duo takes the lead at Adidas Group
The investor day held in Herzogenaurach three weeks ago enabled the company to push forward two new executive board members. Herbert Hainer, the Adidas Group's chief executive, who has been under some pressure since the company's profit warning last year, made it clear a few weeks ago that he will ...
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Le Coq Sportif nears its turnaround, changes CEO
Le Coq Sportif started a turnaround last year, posting stable sales and a much reduced loss. The French brand is banking on significant investments in European football to improve its profit margins this year, as part of its latest plan to put more emphasis on technical clothing and other performance ...
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Perry Ellis extends Nike Swim license to Europe
Perry Ellis International, which has been the licensee for Nike branded performance and non-performance swimwear since 2003, has renewed the license agreement and extended it internationally, starting with certain unspecified countries in Europe and in Central and South America. Sales in Europe are expected to start in the second and ...
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Abacus settles in Denmark and China
Abacus, the Swedish golf apparel brand, predicts another buoyant year after a sales rise of about 5 percent in 2014, driven by demand for licensed merchandise for the Ryder Cup and continued expansion in Europe and Asia.The company reached sales of about 65 million Swedish kronor (€7.0m-$7.4m) for its apparel ...
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Bauer's parent reacts to currencies
Predicting further pressure from foreign currency exchange rates, Performance Sports Group (PSG), the Canadian-based parent of Bauer, Cascade and other brands, plans to implement a price increase of 5 percent across all its products in Canada on Sept. 1 and in all other markets outside North America on March 1, ...
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Yue Yuen’s Vietnamese workers end strike
Up to 70,000 workers at two shoe manufacturing plants operated in Ho Chi Minh City by Pou Yuen, which is controlled by Yue Yuen Industrial Holdings, staged a rare six-day strike, protesting against new legislation on social insurance that is due to be implemented in Vietnam next year. All but ...
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New sports shoe factory under construction in Turkey
A Turkish entrepreneur, Bilal Dogan, is starting up a large new factory to make sports and casual shoes in his native country, supplementing the product development and sourcing activities that he has built up in China over the past nine years. The $20 million investment, which he says is not ...
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Management changes, new campaign at Polartec
Eric Yung, who has been with Polartec for eight years, acting most recently as European sales director, will add responsibility for customer service following the departure of Juan Carlos Gonzalez, the former director of international sales, at the beginning of April. Yung will continue to work out of Polartec Europe's ...
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Bike sales increase in France, with double-digit rise for e-bikes
Bicycle sales in France increased in both volume and turnover in 2014, with e-bikes confirming the strong positive trend of the previous year. According to the observatory of French industry organizations, FPS (Fédération Professionnelle des entreprises du Sport et des loisirs) and Univelo, the total value of the bike and ...
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Kettler pursues its digital transformation
Kettler is setting up an internet platform to create an international community of users who will be able to interact with each other for fitness workouts as well as with the company. It plans to build up a database of consumers by asking them to register for a warranty when ...
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Fibo thrives in growing European fitness market
Fitness is the leading organized sports activity in Europe according to a report published by Europe Active (the former European Health & Fitness Association) and Deloitte, with the number of European fitness club members rising by 9 percent to 50.1 million in 2014. Europe Active's target is to grow participation ...
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Ispo Munich discloses new attendance figures
Messe München has shared with us more details about the flow of visitors at the last edition of the Ispo Munich trade show, which took place on Feb. 5-8. As previously reported, total attendance grew by 2.7 percent to more than 83,000 daily passes through the turnstiles, with increases of ...
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Analysis: The sports equipment market 2014
In spite of solid gains in bicycles and fitness equipment and the meteoric rise of GoPro, the major sports equipment companies booked a small increase of only 2.5 percent in their combined sales in 2014 to a total of $69.1 billion. Sales increased at the same rate in the U.S., ...
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Foot Locker outlines new growth plans
Foot Locker plans to expand the recently acquired Runners Point and Sidestep chains outside Germany across the European Union, eyeing underpenetrated markets such as France, Spain and Scandinavia. This will be part of a stronger multi-banner strategy that will also involve the establishment of more House of Hoops, leveraging the banner ...
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Sports shop-in-shops - a new trend
Décathlon is partnering with Asda, the British mass market retailer, to test out a new shop-in-shop format at its supermarket stores, according to Retail Week. The space of about 130 square meters would be used to feature a small selection of products and to give customers access to Décathlon's web ...
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Blue Tomato will enter new markets
Zumiez plans to open about 57 new stores in 2015, including six Blue Tomato units in Europe. The first two new Blue Tomatoes opened in Cologne and Trier earlier this year, and they are being followed by two others in Vienna and Bonn. In the longer term, after a couple ...
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Expansion drives Hervis‘ small growth
For the 2014 financial year, Hervis Sports, the Austrian sporting goods chain owned by the Spar food retailing group, has reported sales of €425 million before VAT. In constant currencies, the overall sales growth was just 0.22 percent, but the company says it grew by 2.38 percent in the Austrian market, ...
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Lululemon develops outside North America
As part of its new international development, Lululemon Athletica will open its first store in the Middle East through a partnership in Dubai this coming autumn. The company will have eight stores in both Asia and Europe by the end of this year, rising to 20 in each region by ...
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Adidas sets a €22 billion sales target
Speed, cities and open sources are some of the key words in “Creating the New,” the five-year strategic plan outlined by managers of the Adidas Group at their investor day conference, which was held at the company's head office in Herzogenaurach last Thursday, March 26.The wide-ranging plan aims to lift ...
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Adidas makes U.S. expansion “imperative”
A commitment that was repeated by several managers in Herzogenaurach last week is that the U.S. market has become a priority for Adidas. While the group's performance last year was affected by its troubles in Russia and in the golf market, it was shaken by Under Armour's rise as the ...
