Latest Headlines – Page 484
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Intersport Austria Opens Flagships In Prague And Near Budapest
Intersport Austria has just opened the largest sporting goods store in the Czech Republic, consolidating its strong position in the country. Run directly by the buying group, the store is located in Prague and has a surface of 3,700 square meters. Czech and Austrian franchisees own 23 other Intersport stores ...
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New Management For Fila
Gene Yoon, the former chairman of Fila Korea, has completed the acquisition of Fila from Sport Brands International (SBI) for an undisclosed sum, using as an investment vehicle a company called Global Leading Brands House. The company is financially supported by Samsung and by the Kore Exchange Bank of Korea, ...
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Rosenkranz Joins Salewa In Executive Reshuffle
Stefan Rosenkranz, a long-time veteran of Fischer where he served as general manager for the company’s alpine Ski business, has been hired by the Italian outdoor brand Salewa. The 42-year-old manager will have two functions: He will fulfill a newly created position as member Salewa International’s executive board in charge ...
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Octane Fitness Expands In Europe
The leading American supplier of premium elliptical cross trainers has set up a sales subsidiary in the UK. Like many of its operations around the world, it will be run by a former official of Life Fitness, in this case Neil Campbell, who previously worked as key account manager of ...
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Basicnet Improves Earnings
BasicNet improved its results markedly in the last quarter of 2006. For the year ended Dec. 31, the company has reported earnings before interest, taxes and amortization (EBITA) up to €8.4 million, as compared to €4 million in the prior year. As EBITDA stood at only €4 million for the ...
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Brand And Management Reshuffling In The Baltics
Having completed the acquisition of the distribution of the Adidas brand in the Baltic countries, the Adidas Group has appointed a new executive, Raina Loka, as manager of the Reebok brand in the region. Retailers in the Baltic countries previously bought different kinds of Reebok products from its sales offices ...
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Easton-bell Sees First Benefits Of Acquisition
Easton-Bell Sports’ operating income climbed by 17.4 percent to $35,141,000 in the year ended last Dec. 30, on the back of a rise in sales of 68.2 percent to $638.9 million. The company reported a net loss of $5,852,000, as compared to a gain of $3,082,000 in the prior year. ...
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Nike Is Improving In Europe
The USA is no longer the star in Nike’s income statement. The #1 sports brand in the world is looking at a potential turnaround in Europe as the region, which includes the Middle East and Africa, delivered sales increases of 15 percent in dollars and 6 percent in local currencies ...
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Eag Reshuffles Its Retail Portfolio
Eybl Experts AG (EAG), the leading sporting goods retailer in Austria, is transforming its 13 Intersport XL outlets into Intersport Eybl stores. What sounds like a simple change of labels is in fact a major step forward in order to go back to the company’s roots. So far, EAG has ...
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Shareholders Are Frustrated As Rossi Predicts A Big Drop In Orders
Many snow sports companies watched their business melt at the retail level during the recent warm winter. In particular urban sporting goods stores in Europe and the USA, whose customers have seen very little snow during the past few months, if any, are stuck with lots of unsold skis, and ...
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The Battle For Football Rights Widens
While Adidas and Nike continue their fight for the rights to the German national football team, Puma is joining their competition for the rights to the team of South Korea, which are up for grabs as of Jan. 1, 2008. Adidas currently has the most influence in the region of ...
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Airesis Sells F2
Airesis has confirmed the sale of the F2 brand of surfboards held by its subsidiary Boards & More. The contract was signed with Gerhard Pascher, an Austrian industrialists involved in metalworking. He will work together with Reinhard Hofbauer, the Austrian-based executive who built up the Flow brand before selling it ...
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Globetrotter Reports 25% Growth
The big German specialized outdoor retailer reached sales of €150 million in the fiscal year ended last Feb. 28, or about 25 percent more than the year. The brick-and-mortar business contributed 54 percent of the turnover. Mail order and internet sales reached a level of €69 million, about 77 percent ...
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Mammut Grows Strongly
Sales at Mammut Sports Group went up by 13.6 percent to 164.7 million Swiss francs (€101.8m-$133.5m) in 2006, with the Mammut brand strengthening its market position. The rise was attributed to stronger sales in most markets, with especially dynamic performances in Austria, Eastern Europe and the Far East.The net revenues ...
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Oberalp Plans To Move Into Special New Headquarters In Bolzano
The company, which owns Salewa, Dynafit and Silvretta, and represents many foreign brands in Italy, has asked eight studios in Italy, Austria, Switzerland and France to present their ideas for a new head office that will accommodate the company’s expanded staff of 150 people in 2009.Somewhat like the planned new ...
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Rapala Opens A Russian Factory
The Finnish group started to assemble some of its lures at a new factory in Russia last month, adding to its facilities in Finland, Estonia and China. In one of its numerous and frequent strategic moves, it has also opened a distribution company in South Korea. Earlier in the year ...
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Foot Locker May Want To Buy Genesco
Rumors persist that Foot Locker could be gearing up to make a bid for Genesco, a Tennessee-based retail group that owns the Journeys and Hat World chains, among others. Industry estimates put the hypothetical purchase price at more than $1.01 billion, and one reported estimate said the price could reach ...
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Profitable Li-ning Blankets China With Its Stores
China’s leading sportswear and footwear company plans to open a total of 497 corporate and franchised stores in its home country this year, after adding 960 of them during 2006, particularly in second- and third-tier cities. As of last Dec. 31, Li-Ning had 3,860 franchised stores, an increase of 29 ...
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Ispo China In Beijing Was A Success
Staged for the first time in Beijing, closer to the mountains than its previous venue in Shanghai, the ISPO China trade show last week registered a total of 12,059 visitors, up from 11,098 at the former location one year ago. The business atmosphere was effervescent during the first two days ...
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Blacks Retrenches
The British outdoor retailer is taking drastic measures to improve its performance after a tough year. Blacks Leisure Group will shutter scores of loss-making stores, halt investments in large out-of-town stores and fully review its operations to bring more adequate product ranges to the market, while tightening cost controls. ...
