Latest Headlines – Page 326
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SDI upgrades its stores
Sports Direct International (SDI) is upgrading category management in its stores. The increasingly international U.K.-based retailer, which will report its half-year results later this week, still draws many customers with apparently huge discounts on its own brands and untidy displays suggesting unbeatable prices – a strategy that has enabled Sports ...
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Adidas reaffirms sales and margin goals
The Adidas Group's sales are forecast to expand at a high single-digit rate in constant currencies next year, as the company moves further toward its unchanged target to reach sales of €17 billion and a sustainable operating margin of 11 percent by 2015.This was part of the updates provided by ...
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Adidas extends Fifa partnership
Two weeks before the final draw for the 2014 World Cup in Brazil last Friday, Adidas and Fifa announced an extension of their 43-year-old partnership. The contract gives the Three Stripes extensive licensing rights around the event and exclusive signage in the stadia. Thousands of volunteers will wear its clothing. ...
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New management changes at Adidas
Paul Boerboom, general manager for the Benelux countries at the Adidas Group, is to start as director of European key accounts at the beginning of next year. This comes a few weeks after the group said it was setting up a new structure for Western Europe – partly meant to ...
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Team Sportia gets out of bankruptcy
The Swedish retailer has come out of its bankruptcy proceedings. The Gothenburg District Court, which had placed Team Sportia in insolvency last May, lifted it after 82 percent of creditors voted to write down a large portion of their claims. Over the next four months, Team Sportia will pay back ...
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JD buys Activinstinct
JD Sports Fashion has acquired a majority stake at an undisclosed price in Activinstinct, a British sporting goods retailer whose sales have been growing rapidly, reaching an annual level of £24 million (€28.7m-$39.2m) in the past financial year, ended in August. The company has been expanding abroad lately, starting with France ...
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Airesis sells Boards & More
A German private equity fund set up last year, Emeram Capital Partners, has agreed to take over Boards & More from Airesis and its management for about €40 million in a deal due to be finalized by the middle of this month. Boards & More markets the brands Fanatic Windsurfing, ...
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Green light for new Swix factory
Swix Sport has received the go-ahead to build a brand-new 10,000-square-meter production facility and warehouse in Lillehammer, Norway, that will take the place of its current smaller operations in the area by January 2016 at the latest. Various Swix products will be manufactured there, and the building will act as ...
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Moncler is going public
Moncler, the upscale brand of down jackets and other fashionable sports and leisurewear, announced the launch of its public offering on the Italian Stock Exchange on Nov. 27, in a price range of between €8.75 and €10.20 per ordinary share. The public offering period began on Nov. 28 and will ...
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Calida presents a formal offer for Lafuma
Calida Holding has made a formal proposal to refinance the starving Lafuma Group, owner of Oxbow and various outdoor brands. The Swiss company would inject €35 million worth of new equity into Lafuma, raising its stake to 50.6 percent, or 51.01 percent including the shares of Felix Sulzerger, chief executive ...
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Columbia Sportswear wants to be more competitive
Columbia Sportswear will introduce new products with lower entry price levels and new technologies in Europe and the rest of the world. Noting that the purpose of this is to become more competitive and affordable, responding to consumers' demand for better value, Franco Fogliato, the newly-minted European manager of the ...
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Westcomb, a new Canadian challenger
You have almost certainly heard about Arc'teryx, the fast-growing Canadian brand of sports outerwear owned by Amer Sports. You may not have heard yet about another, younger and smaller Canadian brand, Westcomb, which is moving fast in the same direction, but you probably will - sooner or later.Like Arc'teryx, Westcomb ...
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Reusch rushes into the outdoor sector
Known for its highly technical ski gloves and goalkeeper gloves, Reusch is moving into the outdoor sector with its first line of outdoor-specific gloves, bringing out a series of ten functional models for the next spring/summer season. The line will be presented at next January's Ispo Munich show.To support the ...
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Spalding launches a basketball shoe division
Russell Brands, owner of the Spalding trademark, is launching a footwear division to turn the brand into a comprehensive solution for the basketball category covering equipment, footwear and apparel. Spalding is the largest basketball equipment supplier in the world, and America's leading baseball company. Spalding is also the official game ...
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Sagging profits at YY
Yue Yuen Industrial (YY), the world's largest footwear manufacturer, saw its turnover increase by 3.2 percent to $5,559.5 million for the nine months until the end of September, but its profit declined due to the higher cost of sales.The company said the volume of shoes sold for the three quarters ...
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Exceed to go private
Exceed Company, the Chinese marketer of the Xidelong brand, is set to go private and to be delisted from Nasdaq, after it sealed an agreement allowing interests around Exceed's chairman and chief executive, Shuipan Lin, to take over the company. The offer, which implies an equity value of about $60.1 ...
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Xidelong shrinks store network
The news on the going-private transaction came just days after Exceed announced that the number of Xidelong stores in China had been pruned by more than 30 percent since the end of last year, as the brand continues to suffer from lackluster consumer demand. It had 3,301 stores at the ...
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Brands look closely at new manufacturing processes
Faced with growing labor shortages, wage increases and other labor issues in China and other Asian countries, many sports brands are seriously considering alternative options to cut down their sourcing costs, while at the same time improving other aspects of the product development process and overall service. They are discovering, ...
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Singapore R&D center aids Rossignol and others
Rossignol is expected to unveil this week an innovative line of compression garments for cross-country skiing that will be worn by athletes competing in the Winter Olympic Games in Sochi early next year. The development of the line, which is intended to support the growing presence of the leading French ...
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Oru Kayak named 2014 Ispo Brandnew overall winner
Every year, Ispo identifies the best start-ups in the sports business and recognizes them with the Ispo Brandnew award. For the 2014 edition, the jury examined 264 entries from 31 countries and selected the Oru Kayak as the Ispo Brandnew Overall Winner. Eight additional winners and 36 finalists will be ...
