Latest Headlines – Page 149
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Will Signa annex SportScheck?
Signa Sports United, which claims to have become the largest sports e-commerce platform through numerous acquisitions in the past few years, announced earlier this week that it has received an undisclosed capital injection from the R+V Insurance Group that it will allow it to acquire a 11.6 percent stake in ...
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Sport Voswinkel will slim down
After the District Court of Dortmund ordered the opening of insolvency proceedings for Sport Voswinkel and the continuation of its self-administration on July 25, Sport Voswinkel's creditors have now agreed to a restructuring plan, which has already approved by the court. The insolvency proceedings will be terminated in the near ...
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Sport 2000 Germany internationalizes
Sport 2000 Germany is reorganizing itself in a bid to further internationalize its operations, in line with market trends. Under the new structure, a team of three executives will lead the German buying group. They will be in charge of the operations of Sport 2000 in the Swiss, German and ...
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Sport 2000 France launches a new strategic plan
The retailers affiliated with Sport 2000 France, a cooperative that belongs to the Sport 2000 International network, gathered on a French island in the Mediterranean on Sept. 22-23 to discuss a new “CUP 24” (Cooperative Up) strategic plan, which calls for an increase in their sales from €621 million in ...
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Italy’s Sport Alliance invests in the outdoor and running sectors
Following the lead of Sport 2000 Germany, which has many retail members specializing in the running and outdoor sectors, Sport Alliance, the Italian licensee of Sport 2000 International, has set up three “sub-buying groups” for outdoor & ski, running and cycling as part of a new category management program. Sport ...
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Anti-trust authorities question JD buying Footasylum
JD Sports Fashion's plan to acquire the lifestyle-oriented Footasylum chain for £90 million (€101.5m-$110.5m) is facing greater scrutiny from anti-trust authorities. Fearing that its takeover of the smaller British rival could lead to a loss of competition in the market, the U.K. Competition and Markets Authority (CMA) has referred the ...
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Stadium launches the Outlet concept in Norway
Ten years after the start of its low-priced Stadium Outlet concept, Stadium has decided to open its first two stores in Norway based on this format during the autumn. The move appears to be logical in a country where prices are generally higher than in Sweden, driving other retailers and ...
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Clarus boasts strong potential for BD and other brands
Clarus Corporation has created a new Performance Sports division focused on sport-enhancing products for performance-driven athletes such as skincare, supplements, nutrition and accessories.Run by Taylor West, who worked most recently as vice president of marketing and e-commerce for KT Tape, the new division will start by taking care of ...
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Russia’s biggest bike producer weighs a project near the EU border
Russia's Velomotors, the biggest manufacturer of bicycles in the post-Soviet economic space, indicated a few months ago its intention to launch six to eight new production lines in the Kaliningrad Oblast – the country's exclave between Poland and Lithuania that was called Königsberg in Prussian times. The project would boost ...
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The Russian government begins tagging bikes
Russian Prime Minister Dmitry Medvedev has ordered the tagging of bicycles, including e-bikes, as well as bicycle frames. Like those already used for footwear since last year, the tags are RFID chips applied to products by their manufacturer or importer to trace their authenticity and origin. Special equipment is needed ...
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Still lots of fake sneakers in Russia
Every third pair of sneakers sold on the Russian market is counterfeit, according to a new marketing study conducted by the consulting agency Brandmonitor. Overall sales of fake sneakers in Russia were close to 77 billion rubles (€1.08bn-$1.19bn) in 2018. About 70 percent of the fakes were sold in open ...
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Decathlon signs the U.N. Fashion Industry Charter for Climate Action
Decathlon has announced its formal commitment to the Fashion Industry Charter for Climate Action, an initiative under the auspices of U.N. Climate Change that draws fashion stakeholders toward the goals of the Paris Climate Change Agreement. The Charter was launched at COP24 in Katowice, Poland, in December 2018. By signing ...
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Companies close their stores on global Climate Strike Day
Vaude joined the Fridays For Future global climate strike on Sept. 20, with around 70 employees of the German outdoor company taking to the the streets in Friedrichshafen. To make their way to the demonstration, Vaude employees used e-cars, e-bikes and bicycles. Vaude's headquarters in Tettnang on Lake Constance has ...
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New strategic moves by Intersport in the U.K. and Portugal
While expanding in Norway and entering the market of Taiwan (see our previous issue), Intersport International Corp. (IIC) is making a bold move to turn around its ailing operations in the U.K. and preparing to enter the market of Portugal, which has been a white spot for the group in ...
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Sport 2000 moves into Greece
Sport Depot, the licensee of Sport 2000 International in Bulgaria and Serbia, has extended the license to Greece, where it opened its first store on Sept. 6, following an investment of €3.5 million. Called Sport Depot Mega Store, it is described as the largest sporting goods store in northern Greece, ...
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JD reports strong first-half results
The acquisition of The Finish Line in the U.S. and solid increases in comparable store sales in its sporting goods chains around the world helped JD Sports Fashion to boost its total revenues by 47 percent to £2,721.2 million (€3,048.9m-$3,364.3m) in the 26-week period ended on Aug. 3. On a ...
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Decathlon acquires an internet retailer
Decathlon has acquired a controlling share in Alltricks, a French internet start-up specializing in the cycling, running and outdoor segments. As we understand it, the idea is to further develop the omni-channel capabilities of the world's largest integrated sporting goods retailer and to build up an international platform that can ...
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Decathlon and Kant expand their joint project in Russia
Kant, a major Russian sporting goods retailer, has opened a second shop-in-shop in a Decathlon store in the country, following a successful first experiment that began two years ago in a shopping center in Zelenograd, a city in province of Moscow (SGI Europe Vol. Vol. 28 n°32+33 of Oct. 31, ...
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Decathlon opens an ultra-modern flagship in Moscow
Decathlon has opened an ultra-modern flagship store in a building that will also house the French retailer's headquarters for the Russian market. With a retail space of 3,100 square meters and 900 m² for a restaurant and three exercise rooms where visitors can try sporting gear, it is located on ...
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Sportmaster will service eastern Russia better
Russia's biggest sports retailer, Sportmaster, has opened a big distribution center of 50,000 square meters in the city of Yekaterinburg to service its stores in the eastern part of the country – including the Urals, a part of Siberia and the Volga region – as well as in Kazakhstan.The overall ...
