Latest Headlines – Page 512
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Go Sport Wins Market Shares
The French sporting goods retail group remained in the red last year, but the results improved in the 2nd half and sales and market shares shot up thanks to the new strategies implemented by its new chairman and chief executive, Jean-Paul Giraud. The group’s turnover rose by 11.5 percent to ...
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Ashley Acquires Gilesports
The ownership situation remains unsettled in the highly competitive British sporting goods retailing sector. JJB Sports’ stock market price went up a few days ago in the midst of a rumor that the UK’s largest sporting goods retailer may be acquired by a private equity company, said to be Permira, ...
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Nike Expects $1.5 Billion In Football
Nike’s sales of football products are “approaching” an annual level of $1.5 billion, or double the level of four years ago, said Charlie Denson, the former Nike Europe chief who recently became sole president of the Nike brand. Other company officials subsequently emphasized that this figure, given by Nike for ...
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Adidas Will Keep Reebok As A Performance Brand
The Adidas and Reebok brands will be treated like two brothers who compete against each other, retaining a similar position in the market while specializing in different sports, said Robert Langstaff, freshly minted president of Adidas America, at an industry forum animated by John Shanley during the WSA footwear show ...
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Puma Signs With Evisu And Tottenham, Scores Better Than Expected
While releasing better than expected results and upgrading its guidance for the current year, Puma has announced two important contracts. It has signed a sponsorship deal through 2011 with the Tottenham Hotspurs, currently ranked fourth in the English football league, and it has decided to launch a special Puma Denim ...
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Salomon And Wilson Golf Drag Down Amer’S Results, Offsetting Gains In Tennis And Fitness
Salomon recorded an operating loss of €16.7 million in the 4th quarter of 2005, due to a restructuring charge of €52.8 million related to its acquisition by Amer Sports last Oct. 1, and its sales were up by only 0.9 percent to €255.2 million for the period. For the full ...
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Elan Changes Ceo, Enters The Nordic Segment, Partners With M4
Matjaz Sarabon, who was previously heading Elan’s winter sports division, was appointed as chief executive of the entire group in December. He replaced in this role Tvez Tavcar, the managing director of the company’s marine division. Elan has entered a cross-distribution deal with Cold Sports, the American company that ...
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Growing Blizzard And Dalbello Get New Distributors In Russia
The two brands, which already have joint distribution in the USA and in the Scandinavian countries, have secured new distribution contracts in the fast-growing Russian ski market. Blizzard will be sold by Kant, and Dalbello by Performance Sports, starting with the Fall/Winter 2006/07 season. Kant and Performance Sports both ...
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Euromark Launches Alpinus And Other Outdoor Brands Internationally
Alpinus, the Polish brand of outdoor products, will be launched in several European countries from the United Kingdom to Russia in September. Euromark, the UK-controlled Polish company that bought the rights to the Alpinus trade name in various steps after its bankruptcy three years ago, is planning a wide relaunch, ...
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Fundango Enters New Markets
Fundango, the Hungarian outdoor clothing brand, has embarked on a series of distribution deals and store openings to pump up its international sales, which are beginning to make a solid contribution to a turnover expected to reach roughly €10 million this year. The brand belongs to Marosport, a leading Hungarian ...
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British Home Shopping Retailer De-emphasizes Sports
M&M Sports is dropping the “Sports” from its title, renaming itself as M&M Direct. With this move, the British home shopping retailer, which specializes in close-out products, plans to focus more on non-traditional sports products in the fashion, surf/lifestyle and outdoor sectors in the future. It will continue to work ...
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Ispo Breaks New Records
The Winter ISPO started and finished off strong last week, featuring a total of 1,806 exhibitors from 49 countries. The final count showed a 10 percent increase in the visitors’ passages through the turnstiles to more than 60,000, as compared to 54,433 for the already strong edition of one year ...
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Fedas, Eog, Rasie And Others Join Fesi
The sporting goods industry is uniting at the European level in the face of important challenges such as the threatened anti-dumping duties of certain types of Asian footwear, product safety and labelling issues and the adoption of the RFID technology for the optimization of the supply chain and for intellectual ...
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Swedish Vendors Want To Work With The Retailers
Following a pattern similar to the recent action taken in Norway, where sporting goods vendors and retailers have banded together to form a single umbrella organization (see SGI Europe #3 of Jan. 28), the 50-odd members of SPOFA, the Swedish sporting goods industry association, have invited the major Swedish chains ...
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Buying Groups Confirm The Positive Mood In Germany
Smiles returned to the faces of the German buying groups’ leading executives on the back of buoyant sales at the end last year and of an outstanding rise in January. Intersport Deutschland says its members’ sales jumped by roughly 20 percent during the first month of this year, and Sport ...
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Mike Ashley Helps Out Sport 2000 In Eastern Europe
Sport 2000 in Slovenia has increased the retail turnover by 25 percent on a same-store basis since Mike Ashley, the energetic owner of the British Sports World group, took over a majority share in the company last May. His partner, Stojan Sopotnik, who owns the remaining minority share and is ...
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Minority Shareholders Criticize Gresvig’S Acquisition Of Voice
An extraordinary general shareholder’s meeting of Gresvig has endorsed the board’s proposal to acquire and integrate Voice Norge, a large Norwegian chain of apparel shops, creating interesting synergies with the country’s largest sporting goods retailer (see SGI Europe #1 of Jan. 9), and maximizing profitability. The new group stemming from ...
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Macintosh Buys Scapino
A leading shoe retailing conglomerate is about to emerge in the Netherlands after the proposed acquisition of Scapino, the Dutch discount retailer, by the Macintosh Retail Group, which already runs the more upmarket Dolcis, Invito and Manfield stores in the Netherlands, along with a sports shoe banner called PRO Sport. ...
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Adidas Closes The Acquisition Of Reebok
The mega-merger between Adidas-Salomon and Reebok International was completed last week, creating a giant new counterpart to Nike, with annual sales of around €9.5 billion. While some observers are afraid that the two brands will cannibalize each other in certain market segments, most of them consider the transaction to be ...
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Accell Readies A Big Move In The Usa
Accell Group says it is in talks for the acquisition of Seattle Bike Supply, a leading U.S. supplier of bicycles, bike parts and accessories with a strong distribution network in the USA and Canada. It owns the world’s leading brand of BMX bikes, Redline, in addition to the Torker brand ...
