Latest Headlines – Page 154
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Signa adds TennisPro to a list of acquisitions
Signa Sports United, which claims to be already biggest online player in the European sports retail market, has acquired TennisPro Group, a racquet sports retailer serving mostly customers in France and southern Europe. The contracts were signed on June 25, granting Signa control of TennisPro's online retail companies and its ...
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Intersport reports growth in Central Europe
Intersport Germany is performing a little better than before. On the first day of the new OutDoor by Ispo show in Munich, which ran from June 30 to July 3, the German-based retail cooperative reported an increase of 5 percent in its members' retail sales for the first five months ...
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A new website for Austria
A new online store was launched last month by Intersport Austria. Affiliated retailers send the products directly to the consumers who order them. If customers wants to change a product purchased online, they can go to the store that manages the orders.The combined sales of the retailers affiliated with Intersport Austria, ...
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Sport 2000 grows and expands its Absolute format
Sport 2000 Deutschland has reported an increase in centralized settlements of 10.8 percent for the first five months of this year, as compared to the same period of the previous year. Affiliated retailers have reported an increase in their own sales of 2.5 percent for the same period. At the ...
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XXL robotizes, nudges closer to Denmark
XXL ASA, the leading sporting goods retailer based in the Nordic countries, has been servicing Danish customers only with a local online store in the past few years, offering aggressive discounts and losing money in the process, without letting them touch or try the products. It will be able to ...
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StockX achieves a valuation of $1 billion
The sneaker resale market is hot. StockX, the self-described “stock market of things,” has secured a new round of funding and named a new chief executive. The investment firms of DST Global, General Atlantic and GGV Capital – along with investors from the previous round, such as GV and Battery ...
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Belle plans to spin off Topsports
After going private two years ago, Belle International is preparing a public offering for Topsports, a retail subsidiary that is regarded as China's largest network of sporting goods stores. A listing application was made on June 27 to the Hong Kong stock exchange for the IPO, showing that it would ...
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Ispo explores China and digitalization further
These two important topics are related, says Tobi Gröber, director of the Ispo group of trade shows and executive director of Messe München's consumer goods business unit. According to him, China, where the speed of change is much faster than in the west, is the future lab for the sporting ...
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Sergio Tacchini is set to become American
A group of American investors has signed an agreement in principle for the takeover of the Sergio Tacchini brand from Chinese interests, with the final deal now expected to be closed within a couple of weeks. The American group is led by Stefano Maroni, who previously signed a contract to ...
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Silhouette launches its own sports eyewear line as Marcolin takes over its Adidas license
The Marcolin group announced a licensing agreement with the Adidas Group for the design, development, manufacturing and distribution of two lines of eyewear that will reach the market early next year. A spokesperson for the Italian company said that the agreement is global, but there is an apparent discrepancy about ...
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Oberalp acquires Evolv
Oberalp has announced the acquisition of Evolv, described as the first full-fledged American brand of climbing shoes, from BRS Outdoor Holdings, an investment platform of BRS & Co. The price of the acquisition was not disclosed. The brand, which generated sales of about $8 million last year, will fit neatly ...
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Eurosima elects Rodrigues as president
Eurosima, the European association of boardsports companies, held its two-year meeting on June 17 to review its activities, approve project proposals and elect a new president and board of administrators. The association's presidency had been in Rip Curl's hands since 2003. This year, however, Wilco Prins – the third consecutive ...
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Adidas loses a court fight over its Three Stripes
The General Court of the European Union decided today to uphold a previous decision made by the European Intellectual Property Office (Euipo) that nullified a three-stripe trademark that Adidas had registered in 2014 for clothing, footwear and headgear. The news led to a drop of more than 2 percent in ...
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Sport 2000 accelerates internationally
Sport 2000 International launched today its own website under sport2000.com to convey its message as a retailer “for the sports lovers.” Behind the scenes, the international voluntary group is aiming to make better use of the data, the experience and the resources of the affiliated national retail organizations to improve ...
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Sport 2000 is working on data and omnichannel
Meanwhile, Sport 2000 International says it has made considerable progress internally toward the consolidation of POS data at the international level, with the aim of launching an international database by Dec. 31.
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Sport Voswinkel is up for sale
Sport Voswinkel, a chain of 74 stores throughout Germany that has been a member of Intersport Germany since 1989 and a subsidiary of the voluntary group since 2003, is up for sale.It filed an application for voluntary insolvency proceedings under its own administration on April 24, and it is currently ...
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More action around Signa and Karstadt Sports
The Signa Retail group is expanding its hold on the German retail sector by taking over all the shares it doesn't own in Galeria Karstadt Kaufhof, the joint venture it formed last year with Hudson's Bay Company of Canada. Signa is paying about one billion euros for the assets, which ...
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Decathlon regains momentum
With the onset of the spring/summer selling season, corrective measures at the local level have started to bear fruit in some big markets where Decathlon had suffered setbacks in 2018. Company officials indicate that these measures are bringing its employees closer to local sports users, and that this has led ...
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Decathlon tests cashless shopping
The more decentralized management approach followed by the group, which comes under the tagline “Decathlon United,” is leading some of the local, regional and national organization to take various initiatives on many fronts, which may be subsequently adopted by others within the group.Two of the group's Dutch stores have introduced ...
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New experiential store in Lyon
Decathlon has inaugurated a new concept store. Located at the Confluence shopping center in the French city of Lyon, the 2,500-square-meter store is highly digitized and experiential, with services that Decathlon offers nowhere else in France. The departments are divided by sport, in the usual manner, but more clearly organized ...
