Latest Headlines – Page 407
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Boost From Emerging Markets Keeps Athletic Footwear Stable In 2009
Thanks to some strong growth by some local Chinese brands, the global market for athletic footwear managed to hold its decline to just 0.1 percent in 2009, according to a an annual survey by Sporting Goods Intelligence in the U.S. The Chinese performance was nearly enough to overcome the drops ...
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Adidas Faces Supply Issues For Reebok
The boom enjoyed by Reebok with its new Easytone line of shoes is contributing to an unusual challenge for the Adidas Group, which has been struggling to fulfill demand, especially in Europe, which should account for half of the total sales volume this year. Some production has been fast-tracked and ...
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Slight Structural Changes At Some Intersport Organizations
Pressure is mounting inside the Danish and Spanish cooperatives of Intersport to switch to a more capitalistic structure, following the example of the Intersport licensees in a few other countries such as Norway, Finland, Switzerland and Italy. The proponents generally feel that such a structure can help the affiliated retailers ...
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Usg Thrives And Reorganizes
Unlimited Sports Group (USG), the leading Dutch sports wholesaler and retailer, continued to reinforce its operations and management last year, as it tightened its grip on the sports market in the Benelux countries and beyond. USG weathered a particularly sharp downturn in the Dutch sports market last year. ...
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Luca Businaro Is Assosport’S New Head
Giancarlo Zanatta, president of Tecnica Group, leaves as president of Assosport, the Italian sporting goods industry association, after eight years in which the membership has grown from 13 to 140 companies. His successor at the head of the association is Luca Businaro, chief executive of Novation, the sophisticated product development ...
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Diadora Picks New Distributors, Cooperates With Geox
Commercial spots are running for the Diadora and Geox brands on Italian television in connection with the current World Cup, and the two brands are working together in other areas. While announcing a new waterproof technology that is being applied to Geox’ street shoes, called Amphiobiox, the company’s management said ...
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Fila Korea Is Going Public
The South Korean subsidiary of Fila headed by Gene Yoon as chief executive will be listing its shares on the Korea Exchange this September. The company will sell 3.25 million of its 8.567 million shares, or 38 percent. The per share price in the IPO, being underwritten by lead manager ...
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New Elan Division Will Handle Ski And Marine Segments
Elan, the Slovenian ski and marine company, reports that it has formed a new entity, Elan Skupina, encompassing the activities of its ski and marine divisions from the start of June. These activities were previously split between two entities, Elan for the ski company and Elan Marine for the marine ...
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Aquascutum Has A Golf Apparel Licensee
TPD Luxury Solutions has obtained a European, Middle East and North American license to make golf apparel under the Aquascutum brand, to be delivered for next spring. Banking on the luxury appeal of the Aquascutum brand, the licensee is targeting sales to about 60 exclusive pro shops and apparel ...
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Pele Sports Kicks Off With High Hopes
An impressive cast of European sports industry executives is launching Pelé Sports, a football brand inspired and supported by the Brazilian football hero. Introduced on a dirt pitch in Johannesburg earlier this month, the brand will be delivered to European specialist stores on a small scale next month. A full ...
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Italy’S Macron Continues To Expand Its Footprint
Macron, an Italian company that was previously making sports apparel for other brands, is growing rapidly under its own brand of teamwear while expanding geographically, starting a new retail project and moving out of its core business in football and basketball to do more in rugby, volleyball, handball and baseball. ...
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Indian Fifa Licensee Eyes 100 Stores
A new and fast-growing Indian sports retailer, Amigo Sports, recently signed a licensing agreement for the Indian market with Global Brands Group, the master licensee of the Fifa brand globally, giving the company exclusive rights to manufacturing, multi-channel distribution and retail of official Fifa merchandise across India. While India ...
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Chinese Sourcing Costs Are Rising Independently Of The Yuan
The free float of the Chinese yuan/renmimbi is expected to have less of an impact on the cost of sporting goods imported into Europe than local inflation, the rising cost of raw materials and the recent devaluation of the euro. While the gross margins on most sporting goods products are ...
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Yue Yuen Sees Growth
The retail segment was the reason for Yue Yuen Industrial Holdings’ 4.3 percent increase in sales to $2.65 billion in the first half ended March 31. The growth from retail reached 25 percent to $590.0 million, while manufacturing turnover decreased by 0.5 percent to $2.06 billion. Net income was down ...
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Erke Is Finally Rebounding
While reporting a steady decline in apparel sales for the first quarter of this year, China Hongxing Sports, the company that markets the Erke sports brand, says it raked in orders worth 504 million renmimbi (€60.0m-$74.0m) for fall/winter at the trade fair held in Xiamen last month, an increase of ...
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Merrell Works With Vibram On Barefoot Technology
Consolidating its partnership with its biggest single client, Vibram has developed a special thin sole for Merrell that will be used in a more commercial line of shoes than its own successful FiveFingers range, but with a special minimalist look as well. Officials of Wolverine World Wide indicated that Merrell’s ...
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Karstadt Has Found A Buyer, But Has Not Been Rescued Yet
The creditors of the bankrupt Karstadt have finally agreed to accept the offer of a wealthy German investor, Nicolas Berggruen, to acquire the department store chain and its 26 sports superstores, almost exactly one year after it and its parent company, Arcandor, had to file for bankruptcy. Berggruen made the ...
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Changes At The Top Of Sport 2000 Germany
Jens Fischer, the long-time joint managing director of Sport 2000 Germany, is about to quit his post, effective June 30, and his successor has yet to be announced. A former chief controller of the former Nord-West-Ring shoe buying group, he became joint managing director of its Sport 2000 subsidiary in ...
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And Of The French Sport 2000
Marc Oursin, 48, is the new managing director of Sport 2000 France, filling a void left after the abrupt departure late last year of Jean-Paul Onillon. In the early 1990s, the new manager set up the international buying office of a big French chain of hypermarkets and supermarkets, Promodès, that ...
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Jjb’S Sales Are Improving With Each Passing Month
JJB Sports reports that in the 16 weeks from Feb. 1 to May 23, its sales grew by 7.5 percent on a comparable basis over the same period last year. From month to month this figure has improved, starting at a 2 percent drop in February because of poor weather ...
