Latest Headlines – Page 131
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Two-thirds of Karstadt Sports’ stores face possible closures
Signa Retail is considering the shutdown of 20 of the 30 branches of the Karstadt Sports chain in Germany as part of a reorganization program intended to pull the chain’s parent company, Galeria Karstadt Kaufhof (Galeria) out of its current insolvency. Signa owns 100 percent of the shares in Galeria, ...
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A packed online audience for the Ispo Re.Start Days
Some 1,000 people have already registered for the Ispo Re.Start Days, the international online conference in English and German organized by the Ispo Group, which will take place on Tuesday, June 30 and Wednesday, July 1st. More are expected to sign up during the conference, depending on their availability and ...
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ArticleAnalysis: Digital accelerates at Nike after a poor quarter
Nike has decided to accelerate the digital development of its “consumer-direct offence” program after suffering a 36 percent currency-neutral drop in group revenues for the fourth quarter of its financial year, ended May 31. The rate of decline would have been steeper without the fruits of its earlier investments in ...
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New York marathons and others are cancelled, some go virtual
Running has flourished during the corona-related confinement as an individual sports activity. Nevertheless, the 2020 edition of the famous New York City Marathon, which was scheduled to take place on Nov. 1, has been cancelled because of the risks associated with the coronavirus pandemic. The iconic race and world’s largest ...
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Stefan Herzog is the new president of Fedas
The European Federation of Sports Retailers, Fedas, unanimously elected Stefan Herzog as its new president at its general assembly, convened via a videoconference. Herzog, who ran SportScheck for many years until 2016, will continue as secretary general of VDS, the German Sports Retailers’s Federation, which he has led since the ...
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ArticleFrank Dassler has passed away
Frank A. Dassler, a member of the family that founded Puma and Adidas in 1948 and 1949, died of a long and severe illness in Hamburg on June 20, six days after his 64th birthday. His passing closes an important chapter in the history of the sporting goods industry, in ...
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ArticleRossignol’s spiritual father has passed away
Laurent Boix-Vives, a great gentleman, a visionary and a relentless entrepreneur who made a major contribution to the development of the snow sports sector, passed away on June 18 at the age of 93. He ran the Rossignol Group for nearly 50 years, building it into the world’s biggest ski ...
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Fesi joins the call for a Green Recovery Plan for the shoe and apparel industry
The Policy Hub, a joint effort of the Federation of the European Sporting Goods Industry (Fesi), the Sustainable Apparel Coalition (SAC), and the Global Fashion Agenda (GFA), has published a proposal for a ”Green Recovery Plan for Europe,” which is meant to support the economic recovery of the region while ...
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Kappa lifts China Dongxiang’s sales, despite the pandemic
The recent introduction of a direct-franchise model, designed to ensure a sufficient supply of products in the stores through bulk orders of merchandise, lifted the Chinese sports company’s revenues, which were up by 12.6 percent on a comparable basis in the new financial year ended on March 31, reaching 1,841 ...
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ArticleSport 2000 helps retail members through the corona crisis
The coronavirus crisis has shown that buying groups can perform some useful services for their members besides handling relations between retailers and their suppliers. While continuing to work on new store concepts, Sport 2000 International has been helping many of its retail members, who run 3,950 stores in 23 countries, ...
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ArticleDecathlon strikes a new B2B collaboration in Switzerland
Decathlon is open for new partnerships with other retailers anywhere, says a spokesman for the company, pointing out that such initiatives are taken by its managers at the national level. After working with some mass market retaiers in France, Belgium and the U.S., it has announced that it will start ...
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ArticleFace masks for athletes and the public
We have already talked about the numerous initiatives that sports brands have taken to help health workers in the fight against the coronavirus outbreak. Some of them, including Under Armour and Buff, are now focusing on high-tech face masks for athletes or the general public.
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ArticleAccell benefits from a strong bike market
The post-Covid bike market is going strong in Europe, as indicated by a business updated released by Accell Group, although it seems that the boom is mostly affecting bicycles used for transportation rather than sport, as indicated also by a recent report by the NPD Group on the bike market ...
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ArticlePrimaloft dismisses European managers to adjust to the crisis
Primaloft has confirmed rumors about its separation from its long-time managing director for Europe and its recently appointed president of licensing, Jochen Lagemann, as of May 31. A spokesman for the ingredient brand said that Lagemann’s departure was triggered by the economic impact of the coronavirus pandemic, which has forced ...
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Lululemon suffered less than its peers
Despite strong gains in e-commerce, store closures due to the Covid-19 pandemic weighed on Lululemon Athletica’s sales, affecting its quarterly performance and sending the vertically integrated yoga apparel maker’s sales down by about 7 percent. Financial analysts had anticipated that the company would book sales of nearly $700 million for ...
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ArticleNew runners have emerged from the pandemic
According to a recent study by Asics, the Japanese sportswear brand, the coronavirus crisis has revealed a new-found love for running all over the world. More importantly, most runners are now planning to maintain their new exercise routine in the future. In an encouraging sign, nearly three-quarters (73% globally) said ...
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ArticleDecathlon is entering Ireland
Decathlon is gearing up to open its first flagship store in the Republic of Ireland on Saturday, June 13, after testing the waters on the internet with a website since the end of 2017. Some 60,000 Irish customers are already connected online to its website. Reportedly, the Dublin store should ...
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ArticleReebok breaks with CrossFit, whose founder quits
Greg Glassman, who co-founded CrossFit 20 years ago, announced his retirement as its chief executive, after attracting strong criticism for tweeting ”It’s Floyd-19” in reaction to a tweet from the Institute for Health Metrics and Evaluation, which said that racism and discrimination are “critical public health issues.” He resigned from ...
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Mandatory tagging of shoes will start in Russia on July 1st
There will be no further delays in the introduction of mandatory tagging of footwear products sold on the Russian market, said Victor Evtukhov, Deputy Industry and Trade Minister. All untagged shoes will be banned for sale in the country from July 1, he added. The tags consist of electronic chips ...
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ArticleFootway wants to buy a streetwear specialist
The Footway Group, the increasingly international Swedish online shoe retailer that recently agreed to merge with Sportamore, wants to create a leading platform for e-commerce in sports and fashion by also acquiring an online retailer of streetwear and sneakers, Californian Roots, or Caliroots for short. Caliroots has been undergoing a ...
