Latest Headlines – Page 143
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ArticleXXL issues another profit warning
XXL issued a profit warning last week, citing particularly weak trading conditions in December and at Christmas. It said poor winter conditions in the big cities where it operates, combined with large price cuts from competitors, contributed to a sales drop of 12 percent on a comparable basis in the ...
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Is Pentland readying new acquisitions?
Confirming a report that it had reduced its stake in JD Sports Fashion, while retaining its position as its majority shareholder, the Pentland Group says the sale of the shares will enable to further a strategy of “growing our portfolio of sports, outdoor and fashion brands through organic investment and ...
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ArticleDecathlon relies on Alibaba for online sales in Russia
Decathlon has begun to sell its products online in the country through the Tmall marketplace of AliExpress Russia, instead of using its own internet platform as in other countries.
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ArticleAmer is focusing on brand management
In a move intended to get closer to the consumer, Amer Sports is introducing a new “brand-direct” business model in its global sales organization. Each of the brands in Amer’s portfolio – Arc’teryx, Peak Performance, Atomic, Salomon, Suunto, Wilson and Precor – will have a dedicated, direct sales structure in ...
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Babolat shifts its focus to Asia
The world’s leading producer of tennis racquets announced last month that it was putting an end to its contract with the French Tennis Federation (FFT), signed in 2011, as the official supplier of racquets, balls and strings for the Roland-Garros tournament. As reported in a news briefs in this issue, ...
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Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed
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ArticleThe AAFA appeals to Trump on tariffs
While acknowledging problems in the trade relations between the U.S. and China, the American Apparel & Footwear Association (AAFA) stands opposed to the Trump administration’s policy of imposing high tariffs on imports of footwear and other products from China.
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ArticleA Revo sunglass fetches $1,650 in an auction
The first pair of a limited edition of Moonwalker Zero G sunglasses – serial number 001 – produced by Revo has been sold at an auction for $1,650.
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Paris Alpine Studio: where sports meet high fashion
Sports and high fashion are increasingly converging, with more and more luxury fashion labels following the athleisure trend, while outdoor brands keep coming up with “urban-chic” styles.
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ArticleMargins rise on lower sales in SDI’s sports stores
Sports Direct International decided at its general meeting in London on Dec. 16 to change its name to Frasers Group, as its £90 million (€105.1m-$116.5m) acquisition in August 2018 of House of Fraser, the embattled British department store chain, is adding a new dimension to the company that Mike Ashley ...
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ArticleDigital-driven Nike gains market shares in Europe
As in the previous quarter, Nike grew more slowly in North America in the second quarter than in the rest of world, where it still has more opportunities to expand. It even picked up steam in the Europe, Middle East and Africa (EMEA) region during the period, in spite of ...
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ArticleStella’s revenues drop by 2% on soft European market
Stella International’s revenues for the third quarter were down by 2 percent from the year-ago period to $447.9 million. The Chinese shoe manufacturer blamed the decline on its strategic decision to prioritize margin improvement over growth in shipment volumes.
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Signa buys SportScheck, indirectly
The Signa Retail Group is boosting its position as the largest integrated sports retailer in Germany and one of the biggest ones in Europe with the acquisition of SportScheck, a chain with a strong omni-channel presence in the country. No precise numbers are available about the group’s total annual sales ...
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New president from Puma for Fesi
The fight against counterfeit products and the creation of an adequate framework for the digital transformation in Europe will be among the main priorities for the Federation of the European Sporting Goods Industry (Fesi) following the appointment of a new president, Neil Narriman, during the organization's annual general assembly in ...
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Youngsters are more active in only five major European countries
According to a study just released by the World Health Organization (WHO), the use of mobile devices is making adolescents, well, less mobile. They are sitting for longer periods and are increasingly unlikely to leave the house. The study, which was funded by the WHO and conducted in collaboration with ...
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Decathlon has agreed to acquire Dita
Decathlon has reached an agreement to acquire Dita, the Dutch brand of field hockey sticks, shoes and bags, from All Weather Sports. The financial details of the transaction have not been unveiled. The takeover does not entirely exclude All Weather Sports, which will retain control over the distribution of Dita ...
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Conzzeta is divesting Mammut
The board of directors of the Swiss Conzzeta group has decided to evaluate proposals for the takeover of its Mammut business unit and some other non-core operations, and to focus on its bigger Bystronic business unit, which deals with the automation and integration of the material and data flow in ...
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Puma’s former owner may be eyeing Moncler
Kering, the French luxury group that controlled Puma for a while, has held “preliminary discussion” about a potential takeover of Moncler, according to Reuters. Born in the French Alps as a producer of sleeping bags in 1953, the Italian luxury outerwear brand is more profitable than Puma, and it is ...
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Smith’s owner buys into Blenders, gets the Under Armour license
Safilo, the Italian eyewear group that owns Smith Optics, has bought a 70 percent stake in a fast-growing Californian firm, Blenders Eyewear, that targets Millennials and Generation Z customers with cool sunglasses and snow goggles and has a great website.Safilo also reported that it has signed an eyewear licensing agreement ...
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Rudy Project sponsors American Magic, diversifies
Besides sponsoring many other sports events and numerous champions and teams in a wide range of sports, including cycling, running and skiing, Rudy Project is going to have special visibility as an official supplier of the New York Yacht Club American Magic, one of the U.S. challengers in the 36th ...
