Latest Headlines – Page 374
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Sports Direct sees declining margins
In an interim statement released prior to its annual general meeting last Wednesday, Sports Direct International said its total sales rose by 0.5 percent to £410 million (€467.7m-$656.8m) in the 13 weeks ended Sept. 6, not including the revenues from the group's new premium lifestyle division. However, gross profit decreased ...
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XXL wants to dominate Scandinavia
XXL, the large-scale Norwegian sports and outdoor retailer, wants to build up a hard-hitting Scandinavian retail group with sales equivalent to nearly €1.5 billion in three countries. The company's managers told SGI Europe that they were targeting a network of about 100 stores in Norway, Sweden and Finland in the ...
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Amer updates status of its strategic plan
Amer Sports, the Finnish sports company, told investors at a “capital markets day” in Helsinki a few days ago that it was on track with its strategic plan outlined one year ago – calling for swift expansion in apparel and footwear, as well as moves into new categories and structural ...
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Derby chafes at Accell’s bigger stake
Derby Cycle cried foul last week after Accell Group, the Dutch bicycle and fitness group, increased its stake in its large-scale German rival to about 22 percent. Accell acquired 5.7 percent of Derby last April, in what it described as a financial investment, but Derby's managers angrily described Accell's latest ...
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Quiksilver’s results are lifted by the dollar and emerging markets
Partially lifted by the declining value of the dollar, Quiksilver increased sales by 14.0 percent to $503.3 million in the third quarter ended July 31, beating market expectations of turnover slightly above $472.0 million. In dollar terms, the top line rose strongly in the Asia-Pacific region, while in the Americas ...
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Skullcandy takes over European distribution
Skullcandy, an American producer of fashionable headphones that are also sold in sporting goods stores, has acquired Kungsbacka 57, the Swedish company that has been distributing its products in Europe. Skullcandy, which recently went public, is setting up a European sales office in Switzerland that should become fully operational after ...
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Ellesse returns to the North American market
Chris Evert and a roster of American industry veterans are accompanying the relaunch of the Italian sports brand through a new company, Ellesse N.A., that has obtained the master license for the brand in North America from its owner, Pentland Group. Evert, who won six U.S. Tennis Open championships and ...
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Brown Shoe resells And 1 to Galaxy International
Brown Shoe Company of the U.S. has agreed to sell its And 1 brand of basketball shoes to Galaxy International, a newly formed brand management company, for $55 million in cash. The transaction is expected to close within 45 days. Brown Shoe plans to use the proceeds from the disposal ...
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Airesis books lower revenues and profits, due to the Swiss franc
The parent company of Le Coq Sportif and Boards & More has reported a net consolidated profit of only 3,372,000 Swiss francs (€2.8m-$3.9m) for the first six months of this year, down from CHF 7,200,000 in the same period a year ago, as its revenues decreased by 5 percent to ...
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Li-Ning’s order backlog grows again
The Li-Ning brand enjoyed a mid-single-digit rate increase in the value of orders registered during its trade fair for the first quarter of the 2012 financial year. The average retail price of new products and the order volume both recorded low-single-digit increases. The Li Ning Company said that the results ...
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Ispo expands matchmaking
The Munich fair has been offering and fine-tuning its matchmaking services on the promising Chinese market in connection with its successful Ispo China show, which has been renamed Ispo Beijing. Brands such as Haglöfs, Hilleberg and Salewa have already taken advantage of this opportunity and found distribution partners in Asia. ...
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Puma, Nike and Adidas to tackle Greenpeace challenge
The big three international sporting goods companies have gotten on board with a call by Greenpeace in July to eliminate hazardous chemicals from the supply chain. The nongovernmental organization cited Nike, Adidas and Puma among the sporting goods companies using subcontractors in China that were releasing toxic, hormone-disrupting chemicals into ...
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The European market grew by 4.3% in 2010
European sporting goods retailers recovered by and large from the economic recession in 2010, partly aided by very favorable weather conditions and by the World Cup of football. Offsetting the 2.9 percent decline that we had calculated for 2009, consumer spending on sporting goods rose last year by 4.3 percent ...
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British sports retailers have been damaged from the riots
Two or three major sporting goods retail chains have been damaged or looted in the course of the severe riots which have been going on in London and other U.K. cities earlier this month, leading some officials to suspect that they were it on purpose, independently of the social causes ...
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Deichmann works with Snipes in Switzerland
There is an unconfirmed report in the German press that Deichmann is acquiring a stake in Snipes, the leading German retailer of sneakers and other sports-fashion-oriented shoe styles. For some reasons, however, executives of both companies declined to make any comments on this or on anything else beyond a concise ...
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Big jump in sales and profits for Foot Locker
Foot Locker's net income jumped more than sixfold to $37 million in the second quarter ended July 30 as its global sales increased by 16 percent to $1,275 million, with a hefty 11.7 percent increase on a same-store basis and a boost of 4.6 percentage points from a positive foreign ...
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Blacks has new investors, new chief
Henderson Global Investors, a London-based equity firm which went public in 2003, hs acquired a major stake in Blacks Leisure, the big British outdoor and sports retailer. It now has 17.12 percent of the voting rights, which makes it the second largest shareholder of the chain behind Sportsdirect.com Retail (21.3 ...
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New bosses for K2 and Coleman
Jarden Corp. has promoted Anthony De Rocco to president and chief executive of K2 Sports, effective Sept. 1. At the same time the current president and CEO of K2, Robert Marcovitch, has been appointed to the same position at The Coleman Company, another subsidiary of Jarden.Marcovitch began his outdoor career ...
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Danish distributor acquires SOS
Ole Damm, who has been the successful distributor of SOS in Denmark, signed a deal for the takeover of the global rights to this Swedish skiwear brand earlier this month. Based on his experience in Denmark, which he built into the second-largest market for the brand, Damm intends to relaunch ...
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Prince takes over in Benelux
Van Megen Sports Group, a Dutch distribution company that once dealt with a flurry of tennis and action sports brands in the Benelux and German-speaking countries, will cease to exist at the end of this year when the distribution rights for Prince and Tretorn in the Benelux countries will be ...
