Latest Headlines – Page 173
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Assosport appoints its new president
Assosport, the Italian sporting goods industry association, has announced the election of Federico De Ponti as the new president of the organization. In addition, at the association's general assembly, which was held in Milan on Oct. 25, the winners of the second edition of the Sport Marketing Award were unveiled. ...
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Decathlon moves into Korea and other new markets
A few days ago, the French retail giant opened its first store in South Korea. Before the end of the year, Decathlon will also open its first full-fledged stores in Greece and Sri Lanka. The Ukraine will follow next spring, and there are unconfirmed reports that it is planning to ...
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Norway’x MX Sport chain is shutting down
The fierce competition within the Norwegian sporting goods market and the departure of some of its retail members has proven to be too much for MX Sport. From Jan. 1, 2019, the Norwegian voluntary group will be shutting down its operations, leaving all the 75 remaining affiliated stores without a ...
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New leadership for Intersport Germany
A management consultant, Alexander von Preen, is taking over the position of chief executive at Intersport Germany, the biggest voluntary group in the Intersport galaxy, with retail members running some 900 stores in the country. He is taking the place of Kim Roether, who resigned in June, citing personal reasons ...
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Nike thrives on digital and marketing investments
Abundant investments in digital capacity and marketing have helped Nike to outperform its own projections for the three months to the end of August, with wide-ranging increases in sales and profits.The Nike group raised its quarterly profit by 15 percent to $1,092 million on a sales jump of 10 percent ...
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Bold Nike ad pays off
A bold advertising campaignlaunched by Nike unleashed strong reactions last month, leading to “record engagement” by consumers with the brand, said Mark Parker, the Nike group's chief executive, in a conference call with analysts last week.The “Just Do It” campaign featured Nike endorsees including Colin Kaepernick, the football player who ...
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Under Armour continues staff rejig
Under Armour has reinforced its management team with two appointments, but it has earmarked an enlarged budget for an estimated 400 extra layoffs this year.Under Armour already announced a round of 277 staff cuts last year to shift its resources to more productive areas, such as international expansion and online ...
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Le Coq Sportif turns around
Le Coq Sportif turned in a small profit for the first half of this year, aided by investments in local production that enabled it to respond to demand more adequately, and it is projecting a double-digit jump in sales for the second half.Airesis, the Swiss holding company that owns a ...
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Bumpy transition for Sports Direct at House of Fraser
Sports Direct International (SDI), which acquired assets of House of Fraser in bankruptcy proceedings for £90 million (€101.6m-$116.8m) in August, has abruptly sacked the directors and senior management of the British department store chain. The single-sentence statement issued by the British retailer refers to the collapse of the department store group ...
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British retailers in auction for Evans Cycles
JD Sports Fashion and Sports Direct International (SDI) are both reported to have tabled indicative offers for Evans Cycles, a British bicycle retailer with about 60 stores. Sky News reported this week that the two British-based sports retailers would compete in the sale with Halfords, another British cycling specialist, and ...
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A high-caliber leader for Rossignol’s bike segment
Scott Rittschof has been named senior vice president of the Rossignol Group in charge of its growing bike division, which includes Rossignol bikes as well the Time Sport and Felt brands. He is joining the group with an impressive cv.Rittschof worked for Dorel Industries' Cycling Sports Group (Cannondale, GT, Schwinn) ...
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The athleisure segment is getting crowded
More and more retailers and brands that have not been strictly associated with sports apparel until now are branching out into the growing athleisure segment, in parallel with the recent incursions made by sports retailers and brands into casual sportswear. The same has been happening for some time in the ...
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Spin Capital adds Pyua to its portfolio
Spin Capital, the investment company that last year took over ABS Protection, a major supplier of anti-avalanche airbags, has acquired a controlling interest of 90 percent in Pyua, the German brand of sustainable outdoor and ski clothing.Further acquisitions in the sports sector are not excluded, says Spin Capital, a Munich-based ...
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Russia’s production of sports goods is up strongly
According to preliminary estimates, the production of sports goods in Russia jumped by 48 percent in the first half of 2018, as compared to the same period of the previous year, said Oleg Ostroukhov, chairman of the Association of Russia's Sports Industry Enterprises of Russia, when talking to our correspondent ...
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New data on inactivity worldwide
A recent study led by researchers from the World Health Organisation (WHO), published in the scientific journal The Lancet, suggests that policies to increase physical activity on a global scale need to be made a priority and scaled up urgently. According to the study, which looked at inactivity trends among ...
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Chinese investors show interest for Amer Sports
Confirming media speculation, Amer Sports announced this morning that it has received a non-binding preliminary indication of interest from a consortium comprising Anta Sports Products and an Asian private equity firm, FountainVest Partners, in view of acquiring its entire share capital for €40.00 a share in cash. That would be ...
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Amer Sports’ cycling division comes under strategic review
The cycling division of the Amer Sports group, which includes the Mavic and Enve brands, has been placed under strategic review, the company said last week as part of an update on its transformation and its assets.The Finnish group behind Salomon, Arc'teryx, Atomic, Wilson and many other brands told analysts ...
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Nike stands firm in Kaepernick ad
Nike unleashed virulent reactions last week with an advertisement featuring Colin Kaepernick, the quarterback who sparked a movement two years ago by kneeling down during the singing of the U.S. national anthem to protest against racial injustice and police brutality. The reactions were mixed, including a presidential rebuff and a ...
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Analysis: Sports apparel market 2017
The global market for branded sports clothing rose by 2.8 percent to $80.4 billion in terms of the vendors’ invoiced sales in 2017, according to an annual survey by Sporting Goods Intelligence, with a relatively flat performance in the U.S. offset by solid gains in Europe and the Asia-Pacific region.
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JD Sports Fashion is buoyed by international expansion
Despite the torrid weather that reduced retail traffic over the summer, the JD Sports Fashion group managed to raise its sales by more than 3 percent in constant currencies in the six months to the start of August, pushed up by its online sales and its expanding international business.Store openings ...
