Latest Headlines – Page 477
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The Latest From The German Buying Groups
Both of Germany’s largest buying groups ended the half-year with only a small decline in their turnover, as a disastrous business with winter sports products was offset by expanding sales in nearly all other categories, thanks in part to extremely mild weather between the months of February and May. Winter ...
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The New Secretary General Of Wfsgi Comes From Intersport
Effective Sept. 15, Robbert de Kock will be the new secretary general of the World Federation of the Sporting Goods Industry (WFSGI) at its new head office in Lausanne. He will replace the 67-year-old André Gorgemans, who retires after 17 years of very successful work with WFSGI. Gorgemans will continue ...
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Peter Mahrer Joins Under Armour
Under Armour, one of the hottest new brands on the market, has officially announced the appointment of a seasoned industry executive whom we know very well, Peter Mahrer, as president and managing director of Under Armour Europe. He has already started in the post, based at the company’s European office ...
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Mega-mergers In The Latin American Market
Reebok’s licensee for Brazil and Argentina, Vulcabras, signed a definitive agreement last week to take control of Calçados Azaleia, a large Brazilian footwear that owns Olympikus, the country’s biggest brand of athletic footwear. The acquisition turns Vulcabras into the largest shoe company in Latin America, but possibly only for a ...
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Vf Continues To Reports Strong Sales
The American group’s net income for the 2nd quarter, ended June 30, fell to $81,662,000 from $99,032,000 in the year-ago period, mainly due to the discontinued intimate apparel business. Otherwise VF Corporation reported solid results, with net revenues up by 12 percent to $1,517.4 million, driven by strong sales in ...
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Outdoor Group Consistently Carries Wolverine World Wide
The Michigan-based footwear group’s outdoor business was not the sole driver behind its 5.0 percent rise in revenues to $250.3 million for the 2nd quarter ended June 16, but it continues to be the largest one. The segment, which includes the Merrell, Sebago and Patagonia footwear brands, grew by high ...
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Rip Curl Sets Up Its Own Offices In Scandinavia And Switzerland
While setting up new concept shops all over Europe and eyeing a stock market introduction at some future stage, a highly profitable Rip Curl Europe is taking over the distribution in Switzerland and in the Scandinavian countries. Its sales in Switzerland will be run by Hervé Wagneur, brand manager with ...
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Trespass Sets Up Sales Offices In France And Germany
Trespass is taking over control of its business in France and Germany, which were its two largest export markets until Russia’s takeoff over the last years. In France, the fast-growing Scottish outdoor apparel brand put an end last month to a long-term partnership with its general agent for the ...
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Röhnisch Names An Export Manager
Röhnisch has appointed René Högstedt, former footwear and apparel buyer at Gresvig, in the new position of export manager. He had joined the leading Swedish fitness brand one year ago as a general manager of its Norwegian subsidiary. Currently the brand is only distributed across Scandinavia, in the Germanic ...
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Greek Bodytalk Expands Abroad
Bodytalk, the leading Greek brand of fitness and leisure apparel, has sealed a raft of international deals as it deploys its distribution across Europe. After a sales increase of more than 19 percent to about €8.1 million in 2006, it has embarked on a regional roll-out that should strongly accelerate ...
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Casall Signs New Foreign Deals
Casall, the Swedish fitness brand, has set up a joint venture in the UK with its former distributor in the country, UK Red. David Osmond, owner of UK Red, has a stake of 9 percent in the Casall subsidiary, while the rest is in the hands of the Swedish company. ...
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Inline Skates Are In A Recovery Mode
The global market for inline skates is stabilizing or recovering after a strong and steady decline since around 2003, and some of the remaining major brands remaining are gaining market shares following the retreat of Salomon, which was selling about 250,000 pairs a year. Officials of Rollerblade, Roces and Fila’s ...
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Lotto Opens In Hong Kong
On June 23, Lotto officially opened its first store in Hong Kong, a small door on a street corner in Mong Kok, which is said to be the most crowded neighborhood on earth. In Hong Kong, where Lotto has long been found in multi-brand locations, it is hoped that HK$7-8 ...
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Munich Fair Will Stick To A Summer Session
The new-format Ispo Sport & Style attracted a total of about 17,500 visitors coming through its turnstiles, down from 19,000 a year ago. The biggest drop occurred with non-German visitors as their ratio declined from 60 to 49 percent of the total. There were, however, many retailers and distributors from ...
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The European Sports Goods Market Grew By 2.3% In 2006
Our exclusive annual study of the European sporting goods retail market shows that it increased by 2.3 percent in the 14 major Western European markets in 2006, reaching a level of €43.6 billion after VAT for the year. The growth rate was broadly in line with the hesitating forward trend ...
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Intersport Danmark Will Change Ownership, Raising Questions About The Whole Intersport Group
Confirming press reports, Intersport Danmark says its 44 shareholders have approved in principle an offer for the acquisition of the Danish cooperative and all its 85 affiliated stores, triggering a due diligence process that will probably last 4-5 more months. Only 4 percent of the shareholders, representing a few stores ...
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Lifestyle Sports May Enter A New Market
Ireland’s largest sporting goods retailer is negotiating the possible acquisition of a company in one of the fast-growing emerging markets that have recently joined the European Union. Company officials would not name a company or a country but indicated that it’s not Sportland International, the large and fast-growing retailer and ...
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Twinner Enters The Belgian Market
Bernard Ariet, a Belgian sporting goods retailer who was buying the products for its three Sport Look stores through Twinner France, has adopted the Twinner brand name and got a license to franchise it throughout Belgium and Luxembourg, creating a new market for this alternative retail brand. Born in ...
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Base: Will Have Its Own Stores
The 141 retail members of Base Detallsport, one of Spain’s two major national buying groups, recently approved an equity increase of €1,250,000 that raised its share capital to about €2.1 million, more than three times the year-ago level of €600,000. They had already raised more equity last November, and further ...
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Cisalfa Enters A New Phase Of Growth
Cisalfa Sport has acquired Sporting House, a small chain of three stores in Sardinia, which are being renamed as Cisalfa. The Italian retailer, which recently went under new ownership, is planning to open no less than 25 new Cisalfa stores and one Longoni Sport store next September. Excluding ...
