Latest Headlines – Page 334
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Halfords in management buyout
Macintosh Retail Group has agreed to a management-led buyout of its Halfords subsidiary by Peter-Jan Stormmesand, the managing director of the Dutch chain of dealerships for bicycles and bike and automotive accessories. Macintosh will fund the acquisition with a capital base of about 30 percent, giving Halfords a strong financial ...
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Bushnell goes on sale once again
The American company, which produces binoculars, rangefinders, GPS devices and owns important brands of sunglasses and sports eyewear such as Bollé and Cébé, is accepting bids until the end of this week for the takeover of the company. Bushnell Outdoor Products' shareholders are reportedly seeking a valuation of as much ...
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Pentland grows by 14.2% but profits decline
Pentland Group has reported a 14.2 percent increase in total revenues to £1.76 billion (€2.06bn-$2.68bn) in 2012, with growth of 6.3 percent excluding the results of businesses acquired in the course of the year, but the British company's profitability declined.Revenues from direct sales and licensing income went up by 6.8 ...
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Odlo opens up to new categories and fibers to boost sales
Last year, Odlo International, the Swiss-based marketer of functional sportswear, lifted its sales by 2 percent to reach a total of 146 million Swiss francs (€118.0m-$153.8m) in turnover. Jonas Ottosson, the man at the top of Peak Performance for more than two decades and chief executive of Odlo since last ...
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Strong growth for Arena, mainly in USA
Arena has reported growth of 7 percent to €110 million on a wholesale-equivalent basis in 2012 and is budgeting a further increase to €120 million for 2013. The Italian-based company scored well also in terms of profitability as its operating earnings before amortization (Ebitda) increased last year to €15.7 million ...
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Nike announces strategic leadership changes
Nike Inc announced today that Charlie Denson, president of the Nike brand and a former general manager of Nike Europe, will retire in January 2014 after 34 years with the company. In this context, Trevor Edwards is being promoted to become the new Nike brand president as of July 1, ...
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Adidas eyes €2 billion in football in 2014
Adidas told journalists converging on its head office Tuesday that it expects to achieve record sales of €2 billion in football in 2014. This compares with sales of more than €1.5 billion during the World Cup year of 2010 and a little over €1.7 billion in 2012, when Adidas benefited ...
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Adidas’ Neo label is on a good course
Along with football, running, golf, the Adidas Originals and Neo brands and apparel in general are the categories that have been growing fastest for the Adidas Group in the past two years, said its chief executive, Herbert Hainer, in an interview after the press conference. They should help the most ...
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Intersport predicts stable sales, enters Belarus
Confirming a previous estimate, Intersport International Corporation reports that its affiliated retailers around the world raised their sales by 3 percent last year to €10.2 billion after VAT, driven by football, running and fitness products. As it gets ready to open its first stores in China, Morocco and Belarus, the ...
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Swiss Intersport manages its turnaround
In the first six months of its 2012-13 financial year, ended March 31, Intersport PSC, Intersport's licensee for Switzerland, posted a decline in consolidated sales of 3.9 percent to 138.1 million Swiss francs (€112.4m-$149.8m) compared with the previous year's period. There was, however, a profit of CHF2.9 million (€2.4m-$3.1m) after ...
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Rider is set to run Karstadt Sports
A British industry veteran, Simon Rider, is set to steer the Karstadt Sports chain of 28 large sporting goods stores in Germany in the future. After running Converse for six years in the U.K., the executive was president and chief executive of Foot Locker Europe for five years. He also ...
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JD fares well
In an interim report for the first 18 weeks of its current financial year through June 8, JD Sports Fashion says the group's performance was in line with market expectations. In the U.K. and Ireland, the group's sports retail chains delivered a 7 percent increase on a comparable store basis ...
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Lafuma reorganizes after a big loss
While reporting big losses and confirming major sales declines for the first half of its financial year, ended on March 31, the Lafuma Group announced a reorganization of its outdoor activities, involving the elimination of 78 jobs and the transfer of 46 others from its head office at Anneyron to ...
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Billabong changes the subject of takeover talks
Confirming a previous report, Billabong International said it is in discussions to sell West 49, the action sports retail chain it owns in Canada, which has more than 70 stores. It could not be determined whether Zumiez is in fact the partner in the discussion, as we was previously reported ...
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Quiksilver slashes costs but takes quarterly sales and margin hit
While its restructuring plan is well underway, the Quiksilver group still suffered declines in both sales and margins for the second quarter of its fiscal year, to the end of April. Sales were worst hit in Europe but margins fell across all the regions as Quiksilver offered ample discounts.The group's ...
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VF updates its growth forecast
VF Corporation sees major growth opportunities for some of its brands, especially for The North Face, Vans and Timberland, which belong to its Outdoor & Action Sports Coalition. With sales of $1.9 billion in 2012, TNF had a share of only 8 percent in the global outdoor market, according to ...
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Under Armour is serious about international
Under Armour will open an office in Manchester for the British market next month, setting up its own sales team for the country, but it will keep its successful local agent for sales in the golf segment. Germany should be next in line for Under Armour's takeover of the distribution, ...
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New CEO for Le Coq Sportif
Frank Heissat is returning to his native France to run another sponsor of the Tour de France. This passionate triathlete is leaving as vice president and general manager of Oakley for Europe, the Middle East and Africa (EMEA) to become chief executive of Le Coq Sportif, effective July 1. Heissat ...
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New Westbeach chief wants to double sales
Ed Seymour, who has been at the helm of Westbeach for the last six years, has stepped down and left the Canadian snowboarding apparel brand. Seymour joined Westbeach as global sales director and then became its chief executive at the start of this year.His job has been taken over by ...
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Positive recent trends in the French sports market?
The sporting goods market continued to outperform the generally poor consumption climate in France over the past few months, according to NPD. Providing a glimpse into its new monthly retail audits in this country, which are based on a sample of about 1,000 stores, the international market research firm reports ...
