Latest Headlines – Page 166
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Amundsen Sports doubles turnover
In 2018, Norway's Amundsen Sports doubled its turnover and had its best results ever, according to Sportfack. Sales for the year totaled 36 million Norwegian Krone (€3.7m-$4.3m), with the demand from Europe and the U.S. on the rise. Roughly half of the company's online sales of NOK 6 million (€0.6m-$0.7m) ...
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Hoka and Teva boost Deckers’ revenues
Deckers Brands' management said it was essentially one year ahead of its strategic plan as the company saw its overall sales jump by 7.8 percent in the third quarter of its financial year. They reached $873.8 million in the three months ended on Dec. 31.Hoka One One's sales soared by ...
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The WTO will tackle e-commerce
Geo-blocking, selective distribution and other issues related to e-commerce have already been tackled by organizations like the German Cartel Office and the European Federation of the Sporting Goods Industry (Fesi), which has a working group together with the World Federation of the Sporting Goods Industry (WFSGI) on such topics.
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21sportsgroup drops running for boardsports
Citing increasing competition in the running market from established retailers and the websites of the sports brands, which have led to rising marketing costs and shrinking margins, 21sportsgroup, a major German online retailer with European ambitions, said that it will phase out one of its online stores, 21run, by the ...
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JD Sports expands internationally, keeps margins
JD Sports Fashion is making significant progress in its international development. The British retailer is increasingly optimistic about the international potential of its JD banner, which is already operating in 14 countries outside of the U.K. and Ireland. During the second half of its financial year, ended on Jan. 2, ...
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Twinner Iberia becomes Tréndico
After 14 years in business, Twinner Iberia, the Spanish buying group, has changed its name to Tréndico Group. According to Carlos Tejero, the group's chairman, the new name is intended to serve as a potent umbrella brand for the group's multiple brands and omni-channel business. CMDsport, the Spanish trade paper, has ...
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Skins is insolvent
Skins, the brand of compression garments run by Jaimie Fuller, has gone into bankruptcy proceedings in Switzerland. A bank in the Canton of Zug has appointed a judicial administrator, Marc Trochsler, who is expected to put up the brand and its intellectual property rights for sale. Many candidates are said ...
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SnowWorld takes on Europe
SnowWorld, the Dutch operator of indoor ski resorts, has just confirmed that it has completed two large acquisitions in the Netherlands and Germany. At the same time, it has reached an agreement on the complete refinancing of its existing bank loans, as well as adding an acquisition line, which will ...
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A new European director for Puma
Arne Freundt, 39, has been appointed as regional general manager of Puma for Europe and the Eastern Europe, Middle East, India and Africa (EEMEA) region, with immediate effect. He succeeds Martyn Bowen, a veteran of the company who has been with Puma for more than 20 years, holding various management ...
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Driven by Vans and TNF, VF will not buy Skechers
Skechers' stock market capitalization went up by 6.3 percent after a Tweet message according to which VF Corporation, the parent of Timberland, Vans and other brands, was in advanced negotiations to buy the company at a high premium, giving it an enterprise value of about $6.5 billion.On the next day, ...
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The North Face unveils a breathable waterproof fabric
At this year's Consumer Electronics Show (CES) in Las Vegas earlier this month, The North Face unveiled a new innovative waterproof material – dubbed Futurelight – designed for use in outdoor apparel and equipment. It described this as a revolutionary fabric that is the most waterproof and breathable fabric ever created, ...
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Adidas launches its new Parisian platform for start-ups
Adidas has announced the launch of “Platform A,” its new sports accelerator program, located at the Paris-based start-up campus Station F. The company said it is investing €1 million in the development of the initiative. Platform A brings together 13 start-ups that have been selected to work with Adidas on ...
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Adidas and Foot Locker call on consumers to design shoes
Adidas and Foot Locker are collaborating on a go-to-market plan that allows consumers to help create footwear with a local flavor. The plan takes inspiration from three themes: speed, cities and the open-source ideal of the computing world, where the raw code is public, free and open to changes by ...
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Nike puts out a more affordable self-lacing shoe model
Nike has announced the Adapt BB, a low-cut basketball shoe that laces itself and adjusts its fit in accordance with settings entered into a smartphone app, itself called Nike Adapt. Each shoe contains a small motor and a tension-adjusting gear that can tighten or loosen the upper either on command ...
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Puma and Porsche announce a collaborative sportswear collection
Puma and Porsche Design have entered into a strategic partnership on a new line of high-end sportswear, footwear and accessories, starting in the spring/summer 2019 season. The Porsche Design Sportswear Collection will be available in early March.The collection has been described as combining the respective philosophies of the two brands. ...
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Suunto is opening its doors to app makers
To expand its “digital ecosystem,” Suunto, the maker of sports watches, dive computers and precision instruments owned by Amer Sports, has announced what it calls the Suunto Partner Program. The company has opened its cloud-based application programming interface (API) to encourage companies and other individuals to design apps to work ...
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Head may or may not diversify into cycling
A bankruptcy judge in North Carolina agreed earlier this month to sell certain assets of Advanced Sport Enterprises (ASE), a U.S.-based distributor and retailer of bicycles, to HTM, the holding company of Head Sport, at an auction for $21.5 million. After a court hearing last week, the judge pushed back ...
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Zimtstern is back
After stopping all activities for a few months, Zimtstern is coming back. This time, under new ownership and with a new head office in Germany, the former boardsports brand will focus on bikewear, including a line of sustainable mountain bike clothing targeting trail bikers and a new collection with urban ...
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Shimano and Rapala to end several distribution agreements
Shimano Europe and Rapala VMC Corp. have agreed to terminate many of their distribution agreements across Europe and South-Africa by 2020. The two companies, which have been partners for more than 26 years, are now willing to control their own brands in a series of countries.Specifically, the two parties have ...
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BasicNet takes over a major Kappa licensee
Basic Italia, the subsidiary of BasicNet in charge of direct sales of its brands on the Italian market, has announced its acquisition of a 61 percent controlling stake in Sport Finance, the French company run by François-Xavier Chupin that has the Kappa license for France, the U.K., Switzerland, Spain and ...
