Latest Headlines – Page 395
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Li Ning Outlines New Policies To Cope With A Soft Chinese Market
Same-store sales for the Li-Ning brand rose by 3.6 percent in the fourth quarter and by 3.9 percent for the whole of 2010. The brand's performance is estimated by the Li Ning group to be roughly in line with the trend of the Chinese sporting goods industry. The number of ...
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Europe Will Put An End To Shoe Duties At Last, But Sourcing Is Still A Problem
European importers are welcoming the lifting of the current anti-dumping duties of 16.5 percent on leather shoes imported into the European Union from China and Macao, and 10.0 percent on those imported from Vietnam, starting next April 1. Performance athletic shoes have been exempted from these duties, which were imposed ...
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Big Growth And New Sourcing Plans For Intersport
Preliminary sell-out data indicate that the retailers affiliated with Intersport International Corporation enjoyed an overall sales increase of more than 5 percent in 2010, mainly driven a strong double-digit increase for IIC's expanding private label program. Major progress was recorded in Germany, Austria, Canada, France, Slovenia, Croatia and the Scandinavian ...
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Industry Stocks Rise By 36.2%
Recovering from the 39.5 dip it suffered in 2008, the global sporting goods industry performed better than the overall economy on the stock exchanges of this world in 2010. In terms of local currencies, the stock market capitalization of the publicly listed sporting vendors and retailers rose at an average ...
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Jjb Plans Refinancing, Change At The Top To Ease Conditions
JJB Sports is going to try to help resolve its liquidity problems by raising at least £31.5 million (€36.7m-$49.0m) in equity financing, with one of the new investors being the Bill and Melinda Gates Foundation Trust. The company is also seeing some management changes, with John Clare stepping down as ...
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Ronnie Wants To Go Back Into Sports Retail - But Not With Dw Sports
Several British newspapers have reported in the last few days that Chris Ronnie, who abruptly left as chief executive of JJB Sports nearly two years ago amid allegations of misconduct, is preparing to return to retailing. He has teamed up with Andrew Duckworth, a partner at Winterhill Asset Management, to ...
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Blacks Elevates Its Outdoor Sales
While reporting continued discussions on the possible sale of part or all of the British retail company to potential investors, Blacks Leisure put out encouraging figures showing that a strong performance enjoyed during the winter period offset a decline experienced over the past summer. The company expressed confidence that full-year ...
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Migros Focuses On Running With Ryffel's Acquisition
Migros, the big Swiss food retail cooperative, is showing that it's serious about building a distinct profile in specialty sporting goods retailing by taking over Ryffel, the Swiss specialist in running and walking gear. This move comes after setting up the dedicated SportXX sports retail chain and opening a couple ...
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More Movement In French Sports Retailing
We have already reported on A/S Adventure and Cabela's entering the French market, albeit more extensively in our Outdoor Industry Compass than in SGI Europe. We have also recently reported that Activa Capital investment fund is taking over control of Sport 2000 France. A series of more recent articles in ...
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Italian Retailer Sells Exclusive Puma Collections
In December, the OVS variety stores of Oviesse started selling shoes exclusively designed by Puma for children aged 0-14 years old. In the coming weeks, Puma will also supply the Italian retailer with a collection of T-shirts, shorts and sportswear for the 2011 spring/summer season that will be available in ...
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Jarden To Split Chairman And Ceo Positions
Jarden Corporation is making some significant changes in its top management. After its annual meeting in May, Martin E. Franklin, the company's chairman and chief executive, will become executive chairman. As such, he will oversee all aspects of corporate strategy, including growth initiatives, and corporate culture and philosophy. At the ...
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Pele Sports Plans Expansion In Brazil
Pelé Sports, the football apparel and footwear brand launched last year under the name of the famous Brazilian football star, is preparing to open a subsidiary in Brazil. It should start delivering its functional and lifestyle ranges in July, with a target of reaching about 200 Brazilian retailers by the ...
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Russian Sports Apparel Firm Can't Find Skilled Staff
One of the biggest Russian sports apparel producers, Mustang-2, is expecting to continue to grow substantially this year, but the growth may be stifled by a shortage of qualified personnel. It has many orders from Adidas, the Russian Forward group and other important clients for the next months, but the ...
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Brit Surf Starts Anew
As of Jan. 1, the new national governing body for surfing in the U.K. is Surfing GB. The new board, led by Chris Thomson, wants it to start with a clean slate after allegations of poor management and various legal issues. Surfing GB replaces the British Surfing Association, which announced ...
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Brandnew Award Winners Ready For Ispo Spotlight
Ispo has named the winners of its BrandNew Awards, who will be in display in the show's BrandNew Village in Hall C2 at the Munich show on Feb. 6-9. The Thermo Cool Overall winner was 360ball, a new sport similar to tennis or squash that is played on ...
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Double-digit Quarterly Growth For Nike
While many other athletic brands have been setting new goals and talking about a return to a more offensive strategy in the last weeks, Nike has turned out to be one step ahead: apparently, it is has already begun to reap impressive rewards from the targeted investments made in the ...
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Sports Direct Moves Into Portugal, Reports 40% Higher Profits
In reporting very good results for the first eight months of its financial year, through Oct. 24, Sports Direct International revealed that it has entered the Portuguese market by taking a 51 percent stake in the third-largest sporting goods retail chain in the country, Mega Sport. Announcing plans to ...
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Irish Buying Group Chief Is Leaving For Intersport Uk
Tom Foley, founder and general manager of Isra, a buying group for independent Irish sports retailers, is taking over from the end of January as head of Intersport U.K. He replaces Barry Mellis, who has significantly grown the buying group’s membership in the last two years but is leaving to ...
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German Intersport Enjoys Growth From Snow And Soccer
The German Intersport members are expected to reach total sales of €2.8 billion in the year about to end, or 7-8 percent more than in 2009. This estimation, given by Klaus Jost and Kim Roether, the two joint managing directors of Intersport Deutschland, at their traditional annual meeting with the ...
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Brazil’S Leading Sporting Goods Retailer Is Set To Nearly Double In Size
Group SBF of Brazil, the largest sporting goods retailer in Latin America, has set ambitious plans to add 140 new stores with a gross sales area of 85,000 square meters between the beginning of 2010 and the end of 2012. This will nearly double the size of the group over ...
