Latest Headlines – Page 318
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Sport outperforms fashion at JD
JD Sports Fashion's operating income before extraordinary items rose by 27.5 percent to £78.2 million (€95.25m-$131.46m) in the financial year ended last Feb. 1, but while the positive contribution from its Sport segment increased by 20 percent to £93.4 million (€113.76m-$157.02m), its Fashion segment suffered an operating loss of £6.4 million ...
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Intersport opens in central Paris
Intersport inaugurated its first store inside Paris a few days ago. With 1,800 square meters on three floors facing the high-traffic rue de Rivoli, near the Louvre Museum, it occupies the premises of Adidas' former flagship store in the city. It features a new shopfit that may be replicated in ...
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Go Sport continues to decline
Groupe Go Sport continued to suffer sales declines in France in the first quarter of 2014, but its stores in Poland performed well and its international franchising program progressed during the period, adding three new Go Sport stores in Jordan, Egypt and Abu Dhabi and the first one in Oman.In ...
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New structures at Intersport Austria
As planned and leaked before, Gabriele Fenninger is to step down from her position as managing director of Intersport Austria. She will retire after 35 years with the buying group. She has been acting most recently as the managing director of the Austrian retail group, which changed its legal status ...
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XXL enters Finland
EQT, the Scandinavian equity fund that acquired a controlling stake of 70 percent in XXL Sport & Villmark in 2010, is said to be considering cashing out of the Norwegian sporting goods retail chain, which has successfully expanded to Sweden under its ownership, with excellent results. It is now moving ...
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Positive results for Stadium
The growing competition in the Swedish sporting goods market does not seem to be hurting excessively Stadium, the biggest sporting goods retailer in the country, partly because of its unique positioning as a sports fashion retailer in the market rather than as a supplier of sports performance products. According to ...
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VF reshuffles its management
VF Corporation has made several changes to the management structure of its Outdoor & Action Sports Coalition in Europe and the U.S. to cope with its growing size, and possibly to accommodate new acquisitions.In Europe, it announced a few days ago the appointment of Mariano Alonso, a former executive of ...
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Active Brands acquires Sweet Protection
Active Brands has reinforced its position as the “brand house” of the Norwegian sporting goods industry with its takeover of Sweet Protection, an award-winning company that has been developing helmets and other protective equipment as well as technical clothing for skiing, snowboarding and whitewater kayaking since 2000. It recently launched ...
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Dainese focuses more on sports
Commenting on recent reports that it is looking for an equity injection by an institutional investor, an executive of Dainese says that it is rather interested in working with a strategic investor that can help use its vast technical know-how to diversify into other sectors. Stressing that the company is ...
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Wintersteiger made more than €50 million in sports in 2013
Wintersteiger, the manufacturer of ski maintenance machinery and storing solutions, passed for the first time the €50 million mark with its sports division alone in its last financial year. In 2012, the Austrian group had booked a turnover of its largest business unit, sports, of €47.6 million.The company reports – ...
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The “Made In” label makes a big step forward
The European Parliament approved last Tuesday a new set of proposals on consumer safety and protection that include the obligation to put a label of origin on shoes and on all other kinds of products sold within the European Union except foods and drugs. The Federation of the European Sporting ...
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Skistar launches e-commerce store
Skistar, Sweden's largest operator of ski resorts, said it will launch an e-commerce store for skis, snowboards and other mountain sports products. The launch is planned for this autumn. The new skistarshop.com will be fully integrated with the existing skistar.com, the group's online booking platform, which has a traffic of ten ...
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Skiset develops a summer business
In an interesting diversification, Skiset, the big French-based ski rental agency, has created a new subsidiary, Skiset Holidays, to market holiday packages all year round. For the launch of its services in this complementary domain, mostly over the internet, it is capitalizing on a database of about 500,000 customers in ...
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Easton-Bell will work less with Shimano
Easton-Bell Sports (EBS), which is changing its name to BRG Sports because of the sale of its Easton baseball and softball business to Bauer Performance Sports, has extended its exclusive European distribution contract with Shimano for a further three years. The new agreement covers all the products of its Giro, ...
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Easton-Bell reports mixed results
Sales declined at Easton-Bell Sports (EBS) for the financial year ended Dec. 28, but the American group's losses tapered down in the fourth quarter of the year. The annual turnover fell by 5.7 percent to $780.4 million, with declines of 5.5 percent to $435.7 million in Team Sports and 5.8 ...
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Strong growth for Skechers in Europe
Skechers USA is celebrating yesterday's victory of its star endorsing athlete, Meb Keflezighi, in the Boston Marathon. He was wearning the brand's new GOmed Speed 3 running shoes, the 38-year-old broke his personal record with a time of 2:08:37. No other American runner had won the Boston Marathon since 1985.The ...
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Analysis: The sports equipment market 2013
The global branded sports hardware market grew by only 2.9 percent in dollar terms last year at the wholesale level, reaching $67.3 billion, breaking a three-year-old acceleration, according to an annual survey of major players by Sporting Goods Intelligence. The sports equipment market had risen by 6.6 percent in 2012, ...
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Nike leaps ahead in Europe, recovers in China
Nike delivered an exceptionally strong third quarter in terms of sales and orders, particularly in Europe. Group revenues went up by 12.7 percent to $6,972 million for the period, ended Feb. 23, but net earnings from continuing operations grew by only 3.5 percent to $685 million, and they actually fell ...
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Lululemon wants to play a role outside North America
Lululemon Athelica, which opened its first European flagship store on Long Acre in London's Covent Garden last Friday, is determined to boost its international sales under the management of Laurent Potdevin, the Swiss-born manager who was appointed chief executive of the Canadian-based supplier of yoga-inspired activewear. Eight more stores are ...
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Fat profits for Moncler
Moncler, which went public with a high valuation of more than €2 billion last December, has reported a net profit of €76.1 million for 2013, up from €28.8 million in the previous year. On an adjusted basis, it grew by 17 percent to €96.3 million. Adjusted operating earnings before amortization ...
