Latest Headlines – Page 372
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Odlo returns to Norwegian market on its own
Odlo is stepping u itsp investments in Norway with the opening of a full-fledged sales subsidiary, along with a mono-brand store due to open in the center of Oslo next month. The Swiss-based company specializing in underwear and base layers has hired Terje Andersen, Norwegian country manager at Polar, to ...
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Finland’s Sultrade bought by larger distribution firm
Oy Sultrade, a leading sports distribution company in Finland, has been acquired by Oy Transmeri, a larger Finnish company specializing in the distribution of fast-moving consumer goods, from cosmetics to food and fashion. Like Sultrade, Transmeri is located in the Finnish town of Espoo.Formerly owned by the Forsström family, Sultrade ...
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Adidas tightens European management
The Adidas Group has decided to tighten its management in Western Europe by concentrating its eight existing regional units into just five of them. Under the new structure, which will be implemented before the end of the year, only the five managers of these units will report directly to Roland ...
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Adidas Group heightens Russian investments
The Adidas Group predicts that it will achieve annual sales of more than €1 billion in Russia, the nine other CIS countries and the Ukraine by 2013, barring any radical swings in exchange rates. The company is already by far the market leader in Russia, with the Adidas brand commanding ...
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Bauer grows strongly
Bauer Performance Sports continues to report rapid growth, which it attributes to innovative products and special marketing initiatives, and the company is said to be planning to launch an innovative family of products next year, combining tradition with a better fit.The Canadian-based leader in the ice hockey sector, recently divested ...
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New directions at Erhard Sport
Clemens Weigand is the new general manager of Erhard Sport, where he also acts as head of sales, with the task of making the German company's business more sports-relevant and to develop it beyond the realm of the German gyms, sports halls and other sports facilities that buy its numerous ...
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Chinese firms reorganize as market slows down
Anta Sports says it expects a slowdown in the sales of its retail partners on a same-store basis in the third quarter, with a more “flexible and relaxed” policy on retail discounts, because of a generally “challenging” sportswear retail market in China. While the company has been opening between ...
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Lotto tries hard to raise prices
Lotto Sport Italia made a small recovery last year, as its wholesale-equivalent revenues grew by €1 million to €294 million in 2010, driven by its licensees in Asia and Latin America, after a decline to €293 million in 2009 that was clearly induced by the economic recession. The momentum continued ...
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Sportswear becomes a division of Head
Head NV has decided to handle sportswear as a separate division within Head NV, starting from Jan. 2012. Next to the existing divisions - winter sports, racquet sports and diving - sportswear will be established as an independent division of Head NV. Klaus Thurner will be responsible for the company's ...
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BioTee spreads internationally
Described as the first 100 percent biodegradable golf tee, BioTee is only 12 months old, but it has already developed an international network of distributors, and it has become the official tee of the Swiss PGA. Biotech Solutions, the Spanish company that developed the product, producing it with renewable energy, ...
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The world’s major sports retailers grow by 6.4%
Recovering from a decline of 1.5 percent endured in 2009, the world's largest sporting goods retail chains enjoyed a 6.4 percent increase in their sales in terms of local currencies in 2010, according to an annual survey by Sporting Goods Intelligence, outperforming the 4 percent growth of the global market ...
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U.S. forces Reebok to refund money for deceptive toning claims
Reebok International has entered a settlement with the U.S. Federal Trade Commission that will see it paying out $25 million in refunds to U.S. customers who bought its toning footwear. Reebok claimed that the shoes helped tone and strengthen glutes by 28 percent more than conventional footwear and hamstrings and ...
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Dutch court reduces fines on bike firms
The Dutch court of appeals for trade and industry, CBP, has sharply reduced fines previously imposed by the Dutch competition authority, NMA, on three bicycle makers operating in the Netherlands. The NMA had ruled that Accell Group, Gazelle and Giant breached competition rules in 2000 by exchanging information on the ...
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Wolverine’s at-once orders rise in an uncertain economic environment
Wolverine World Wide experienced accelerated growth in at-once orders during the third quarter ended on Sept. 10, as retailers were increasingly concerned about the business environment due to uncertainty about the economic outlook in the U.S. and in Europe.In the three-month period, at-once orders rose by a “mid-teens” rate, as ...
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Peak Performance loses its chief executive
Jonas Ottosson, the long-time chief executive of Peak Performance, left the Swedish winter sports, outdoor and golf apparel company two weeks ago over strategic disagreements with its Danish owner, IC Companys. While IC Companys is searching for a replacement, Ann Larsson, chief financial officer, is Peak Performance's interim chief executive. ...
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Tecnica Group federates Spanish distribution
Tecnica Group will be uniting most of its distribution operations in the Spanish market under one roof from January 2012, as it has already done in other markets. Some of its major brands - Nordica, Rollerblade, Tecnica, Blizzard and Dolomite – will be sold by BM Sportech, which was only ...
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Positive trend for Swedish and the Norwegian sporting goods industry
With strong late summer sales, Sweden's sporting goods industry continues to show positive figures. As reported by Sportfack, the Swedish sporting goods industry magazine, the country's sporting goods sales rose by 2.5 percent in August compared with the same month last year. This contributes to a 0.9 percent increase in ...
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Missing Link slashes costs, prepares rebound
New management at Missing Link Group, a Norwegian group of outdoor and winter sports apparel brands, has drastically cut its costs and upgraded its product range to resume sales growth and halt the losses it has been suffering for the last two years.Linda Refvik, who had been heading the company ...
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Bodytalk defies Greek upheavals
Bodytalk, the Greek fitness and fashion apparel brand, is defying the upheavals in the Greek economy with robust growth so far this year. It has continued to build up its international business, and made up for the closure of some sports stores by opening more outlets of its own.Bodytalk's turnover ...
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Quick steps up apparel after buyout from AFG
Rini van Trigt, who has been involved with the Dutch Quick brand of sports-inspired shoes for many years, has bought out the minority stake owned by the Achten Fashion Group (AFG) in Marrini, the Dutch holding company that indirectly owns the rights to the brand. The company is now planning ...
