All Sporting Goods Intelligence articles in Volume 22, Issue 37-38 – Page 5
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News briefs
Canadian Tire has completed the acquisition of Forzani Group through...
Canadian Tire has completed the acquisition of Forzani Group through a subsidiary called FGL Acquisition, taking the company out of the Toronto stock exchange. It has also appointed a new management for FGL led by Michael Medline. The former chief executive of Forzani, Bob Sartor, is leaving, and its former ...
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News briefs
According to the Swedish Retail Sales Index, the country's sporting...
According to the Swedish Retail Sales Index, the country's sporting goods retail market increased by 3.5 percent at current prices in July as compared to last year. This means an accumulated increase so far this year of 0.7 percent. On an adjusted basis, sales rose by 7 percent in July, ...
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Article
Derby chafes at Accell’s bigger stake
Derby Cycle cried foul last week after Accell Group, the Dutch bicycle and fitness group, increased its stake in its large-scale German rival to about 22 percent. Accell acquired 5.7 percent of Derby last April, in what it described as a financial investment, but Derby's managers angrily described Accell's latest ...
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News briefs
Accell Group, Selle Royal, Sram, Trek and other companies have...
Accell Group, Selle Royal, Sram, Trek and other companies have committed financial support for the launch of a new global Cycling Industry Club (CIC), a group sponsored by the European Cyclists' Federation (ECF) that intends to promote bicycle riding across Europe. Other companies are invited to join the club, with ...
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Short stops
VF Corporation got proceeds of about $892 million from the...
VF Corporation got proceeds of about $892 million from the sale of $900 million in notes due in 2013 and 2021 in order to finance its acquisition of Timberland
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News briefs
Speedo was an official partner of the 3rd Fina World...
Speedo was an official partner of the 3rd Fina World Junior Swimming Championships held in Lima, Peru, last month as part of its partnership with Fina. The event brought together 700 young swimmers from more than 60 countries; it was the first time Peru hosted a Fina world championship.
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Short stops
By autumn 2012, L-Fashion Group is expected to move into...
By autumn 2012, L-Fashion Group is expected to move into a new 11,500-square-meter head office in Helsinki, about five kilometers away from its present location
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News briefs
Adidas plans to use the opportunity of the 2012 UEFA...
Adidas plans to use the opportunity of the 2012 UEFA Euro championship to grow significantly in Poland and solidify its market leadership in Ukraine, the two host countries. Herbert Hainer, the company's chief executive, said that Adidas wants to be No. 1 in Poland by 2015, taking the top spot ...
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News briefs
Shimano Europe took the opportunity of Eurobike 2011 to introduce...
Shimano Europe took the opportunity of Eurobike 2011 to introduce its new merchandising program. Designed with the cooperation of the parent company and tested over the last year in the Netherlands, Belgium and France, the new program is flexible and consists of easy-to-use displays, fixtures and merchandising tools that can ...
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News briefs
Sport 2000 Austria has hired Bernd Fürtbauer to fill the...
Sport 2000 Austria has hired Bernd Fürtbauer to fill the unoccupied position of head buyer for hardware, footwear and cycling products. Starting off at Intersport Eybl, he worked his way up to head buyer and product manager of Sport Eybl & Sports Experts before working for an Austrian wholesaler of ...
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News briefs
Deckers Outdoor Corporation has entered into a new $200 million...
Deckers Outdoor Corporation has entered into a new $200 million secured revolving credit facility that contains a $50 million sublimit for the issuance of letters of credit and a $5 million sublimit for swingline loans. The company has the option to increase the maximum principal amount available under the credit ...
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News briefs
The Adidas Group plans to open more than 2,500 single-brand...
The Adidas Group plans to open more than 2,500 single-brand stores in the lower-tier cities of China over the next few years, expanding coverage to more than 1,400 cities in the country. The plan was mentioned in a report in the China Daily newspaper quoting Colin Currie, managing director of ...
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News briefs
Odlo has become the sponsor of the AG2R La Mondiale...
Odlo has become the sponsor of the AG2R La Mondiale cycle team, which includes racers Cyril Dessel, Sebastien Hinault, Nicholas Roche and Martin Elmiger. The company already sponsors the Scott Swisspower mountain-bike racing team, but hopes to make its mark in the Tour de France with its new sponsorship.
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News briefs
McDavid is expanding the market for its Ultralight 195 ankle...
McDavid is expanding the market for its Ultralight 195 ankle brace, usually worn by basketball players, to the tennis segment. Vahid Mirzadeh, a top college tennis player, will start his professional career wearing the brace. A recent yearlong study of 1,470 high school athletes conducted by the University of Wisconsin, ...
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News briefs
Lyle & Scott saw its net profit decline by 13.2...
Lyle & Scott saw its net profit decline by 13.2 percent to £5.3 million (€6.0m-$8.5m) in the financial year ended last March 31. Sales grew by 0.47 percent to £34.3 million (€39.1m-$54.9m), with a 20 percent rise in export markets, and the gross margin rose slightly to 52.6 percent, but ...
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News briefs
Kesko has concluded its acquisition of 12 Intersport stores in...
Kesko has concluded its acquisition of 12 Intersport stores in Russia and plans to acquire 24 more by the end of this year. As planned, the Finnish retail conglomerate has set up a new Russian company in which it holds an 80 percent stake. The balance is owned by the ...
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News briefs
Black Diamond Europe is boosting its marketing staff to 10...
Black Diamond Europe is boosting its marketing staff to 10 persons. The newest recruit is Nicole Räber, a passionate 36-year-old climber who former worked for Belowzero and Montana Sport.
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Article
Global sports apparel market rises by 5.1%
SGI's annual survey of the global branded sports clothing market at the wholesale stage shows that it did not perform as strongly in 2010 as the smaller and more concentrated athletic and rugged outdoor shoe markets, which rose by 13.2 and 12.8 percent, respectively, as we reported in July.According to ...
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Article
Brown Shoe resells And 1 to Galaxy International
Brown Shoe Company of the U.S. has agreed to sell its And 1 brand of basketball shoes to Galaxy International, a newly formed brand management company, for $55 million in cash. The transaction is expected to close within 45 days. Brown Shoe plans to use the proceeds from the disposal ...
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News briefs
On June 1, André Jaffory took over the job as...
On June 1, André Jaffory took over the job as director of sport marketing for Adidas France. He replaces Marc Le Roux, who was named director of marketing for Adidas in Russia. Jaffory has been with Adidas since 1998, working in various positions in France and Belgium.
