Latest Headlines – Page 160
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A new mission statement for Foot Locker
Foot Locker is changing the message that it is sending out globally, while improving the customer experience over the internet and in its own stores. Instead of positioning itself as the leading international athletic footwear retailer, it wants to take a place in the middle of both the sport and ...
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Stable Deichmann buys a chain of sneaker shops in the U.S.
The big family-owned German-based shoe retailer, which also owns Ochsner Sport in Switzerland, has continued its expansion in the U.S. with the takeover of KicksUSA. Founded in 2002, the American retail chain, which specialized in the area of sneakers, athletic shoes and clothing, operates 64 stores on the East Coast, ...
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Cisalfa’s founder and CEO dies unexpectedly
Vincenzo Mancini, whose family owns Cisalfa Sport, died suddenly of a heart attack last Saturday, just as he was waiting for his personal fitness coach at his home in Tivoli, a town near Rome. Aged 65, he is said to have been working long hours over the past couple of ...
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Sportmaster rents a giant warehouse near Moscow
The leading Russian sporting goods retailer has signed a long-term lease with Colliers International for a 35,000-square-meter warehouse in the Kholmogory industrial park near Moscow. This contract was described as one of the biggest of the kind concluded in Russia over the past year.Kholmogory is said to be perfectly located ...
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Weak sales at a regional Russian sports retailer
In 2018, the Russian regional sporting goods retailer Champion closed one of its biggest stores in the country as the expectations about the future of the domestic market remained rather gloomy.In total, Champion operated 27 stores from Samara in the Volga federal district to Krasnoyarsk in Siberia at the end ...
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The first Sport 2000 Absolute Run store opens in Bonn
Last summer, Sport 2000 International announced its new “Absolute” retail format, a verticalized concept developed by its main voluntary chains in Europe that is designed to strengthen the quality of its services and its cooperation with affiliated retailers and suppliers in four specific product categories: outdoor, team sports, running and ...
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JD gets more, Ashley loses more
JD Sports Fashion has announced that its offer to acquire the Footasylum chain has become unconditional, as it has received pledges for 91.82 percent of its equity. JD, which previously bought The Finish Line in the U.S., will soon request a de-listing of the British sports lifestyle retail chain from ...
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Authentic Brands Group buys Volcom
Following Kering's separation from Puma and Stella McCartney, the French group led by François-Henri Pinault has now also sold Volcom, completing the disposal of all its sports and lifestyle brands. Kering, which had already indicated its intentional to divest the Californian surf, skate and snowboard label a year ago, has ...
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Former Prince chief runs a new start-up: Slinger Bag
Slinger Bag is a rather revolutionary, patented product that is expected to help stimulate the largely static level of participation in tennis around the world. It is described as “your 24/7 tennis partner” and as the most versatile portable launcher of tennis balls in the market, allowing individuals to practice ...
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Change of the guard for speedy Black Crows
Christophe Villemin, chairman of Black Crows, is taking over as chief executive of the 13-year-old French ski company from Eric Bascle, the former executive of Lacoste who achieved a sixfold increase in its turnover over the past four years. Villemin, a 52-year-old businessman who has been active also in aerospace ...
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Wintersteiger continues to grow
For the first time in its 65-year history, the Wintersteiger Group generated sales of more than €160 million, posting a currency-adjusted increase of nearly 6 percent. The operating profit (Ebit) increased by 10 percent to €8.7 million.The strongest growth of 10 percent was recorded in the ski maintenance division, which ...
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Under Armour opens new EMEA office
While covering other sports categories, Under Armour has chosen to focus on training and running to build up its brand image in Europe, said Massimo Baratto, senior vice president in charge of Europe, Middle East and Asia (EMEA), during the official opening of a brand-new headquarters in Amsterdam early last ...
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Adidas teams up with Beyoncé
Beyoncé, the popular American singer, dancer and actress, is going to become a “creative partner” of Adidas, helping to design apparel and footwear products that will eventually be co-branded. Adidas will also help relaunch her Ivy Park brand. Adidas has benefited a lot from similar deals with other musical actors ...
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The European fitness boom continues
The European health and fitness market continued to grow strongly in 2018, according to an annual study conducted by EuropeActive, the European association that represents the sector in Brussels, in cooperation with Deloitte. The total number of fitness club members increased by 3.5 percent to 62.2 million. Throughout Europe, 9.4 ...
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Lululemon’s shares surge on strong results, liften by international
The stock market value of Lululemon Athletica went up by more than 11 percent after the verticalized Canadian-based retailer saw its profits for its fourth fiscal quarter almost double from the year-earlier period.For the three months ended Feb. 3, 2019, net income jumped by 82.4 percent to $218.5 million. The gross ...
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A stellar performance by Li Ning
Coming after the release of very positive sales figures by Anta Sports Products and other Chinese sports companies, in addition to continued positive figures for the Chinese operations of Adidas and Nike, the results of Li Ning seem to contradict speculation that the growth of the Chinese sporting goods market ...
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Manufacturing challenges impact Yue Yuen’s results
Yue Yuen Industrial said that its manufacturing business continues to face a number of uncertainties, including intense competition and the changing demands of its clients, such as the shortening of lead times and increased seasonality.Revenues from manufacturing activities declined by 1.5 percent to $5,390 million in 2018 for the world's ...
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Fashion athletic products boost Stella’s results
Stella International's revenues decreased by 0.7 percent in 2018 to $1,588.6 million. The volume of its shoe deliveries from its manufacturing facilities rose by 6.4 percent, with 60.2 million pairs shipped by the Chinese company during the period, but average selling prices went down by 3.5 percent to $25.80 per ...
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Pittards seeks to diversify
Pittards, a major U.K.-based supplier of leather to the sporting goods industry, had a mixed year in 2018, with revenues falling by 5.9 percent from 2017 to 28.5 million pounds sterling (€33.1m-$37.2m). The management said it faced a difficult environment, including a globally subdued economic climate, with overall weaker demand ...
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Polartec is in good shape ahead of its sale
While confirming reports that their company is up for sale, officials of Polartec feel confident that it has the right products for the market, following a series of strategic moves taken in the past few years, as shown in part by the awards that it has recently won. The new ...
