Latest Headlines – Page 174
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The Iberian Sports Retail Group pursues its integration
The strategic integration of the Iberian Sports Retail Group (ISRG) is taking shape with an optimization of the JD, Sprinter and Sport Zone retail brands, as well as continued store openings across Iberia.ISRG was formed in January through a joint venture between JD Sprinter and Sport Zone in Iberia, forming ...
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Tense general assembly ahead for SDI
Sports Direct is heading for another tense shareholders' assembly later this week, as several proxy advisers have been complaining about governance at the British sports retail company – and Mike Ashley, its majority shareholder and chief executive, has decided not to turn up.Institutional Shareholder Services (ISS), Glass Lewis and the ...
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Footasylum’s sales firm up, shares plunge
Footasylum saw its shares take another plunge after its second profit warning in three months, due to an underwhelming performance for the British sports fashion retailer over the summer as well as delays in store openings and enlargements.The retailer saw its share price shrink by more than 50 percent after ...
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Sport 2000 International adopts category management
Sport 2000 International has resuffled its product management team in alignment with strategic changes that call for the buying group to transform into a more customer-oriented retail organization, focusing on sports categories instead of product categories like Nike, Adidas and other generalist brands.The direct rival of the German-based organization, Intersport ...
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Sport 2000’s French cooperative prepares a lower takeover bid
Frédéric Poux has been appointed as board chairman of Sport 2000 France, it was announced last month by Activa Capital, after a dispute between the cooperative for the members of Sport 2000 France and the French investment firm that owns a majority stake in the buying group.Poux was the chairman ...
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Decathlon enters Austria
Decathlon has filled one of the last few remaining gaps in the European map by inaugurating a store of 5,000 square meters in Vösendorf south of Vienna on Aug. 22, reinforcing its business in the German-speaking countries after multiple openings in Germany and the takeover of Athleticum in Switzerland a ...
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Decathlon accelerates in Germany and the U.S.
In a successful reaction to the former complaints of many traditional German sports retailers, Decathlon is accelerating its expansion in their market with a plan to open no less than 13 new stores in Germany before the end of this year, building up on its current strong portfolio of 53 ...
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Consolidation in Germany’s department store business
After lengthy negotiations, the owners of the large Karstadt and Galeria Kaufhof chains of department stores have decided to join forces, forming a new company called Deutsche Warenhaus Holding. The related contracts have reportedly been signed already by their respective owners, the Austrian-based Signa group and Hudson's Bay Company (HBC) ...
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Foot Locker has temporary problems in Europe
Foot Locker's share price declined by more than 9 percent after Foot Locker reported a lower-than-expected 0.5 percent increase in comparable store sales worldwide for the second quarter ended on Aug. 4. Low single-digit declines in Europe and Asia were offset by an improved performance generally in North America.Traffic in ...
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Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
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New hires at Pentland
Pentland Brands has appointed an experienced manager, Simon Breckon, as brand director of Ellesse to help sustain its strong momentum, particularly with its strong expansion in North America and Greater China.Pentland noted that Breckon has a proven track record in building brands with strong emotional connections to consumers such as ...
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Lululemon’s comparable sales jump by 20%
Lululemon Athletica posted another stellar quarter, which sent the company's share up by 8 percent after the release of its results. Comparable store sales jumped by a mighty 20 percent, or by 19 percent in constant currencies, including a 10 percent increase in its physical stores. E-commerce grew by 48 ...
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Globe’s earnings jump by 66%
Globe International's profitability improved significantly during its financial year ended June 30, with Ebitda rising by 57 percent from the previous year to $9.6 million Australian dollars (€6.0m-$7.0) and net income going up by 66 percent to A$ 8.4 million (€5.3m-$6.2).The management said this reflects a strategy implemented to diversify ...
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New Wave grows nicely in the sports sector
The sports and leisure division of the New Wave Group, encompassing Craft, Cutter & Buck, Seger, Clique and several other brands, raised its turnover by 7 percent to 585.1 million Swedish kronor (€55.5m-$64.3m) for the second quarter, with increases of 4 percent in retail sales and 16 percent in the ...
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Vista Outdoor will put down its guns
Vista Outdoor saw its stock market price surge by 15 percent as it indicated that it plans to sell its much-contested and loss-making Savage firearms operations, likely before the planned disposal of its sports protection brands - Bell, Giro and Blackburn. Some major North American outdoor retailers said a few ...
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361 Degrees is buoyed by kid’s apparel and online sales
The potential further relaxation of Chinese rules regarding the number of children per family could be most beneficial for 361 Degrees International, as children's apparel has been a key growth driver for the Chinese brand's sales in the first half of this year, along with online sales.The group's turnover was ...
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Xtep reaps benefits from new retail strategies
Xtep is starting to reap the benefits of the reforms it has implemented in the last three years, to turn branded stores into a more vertical retail organization and to focus more closely on the fast-growing Chinese running market.Xtep saw its sales jump by 18.1 percent to 2,729.0 million yuan ...
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Allied Feather & Down issues market update
Allied Feather & Down recently released an updated market analysis in which it highlights the current trends in the market of feather and down materials. According to the report, the market, which has been rising steadily since September 2016, has gone up at an even faster rate more recently due ...
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Adidas Group raises profit margins
Sharp sales increases in China and North America bolstered the Adidas Group's turnover and profits in the second quarter, but it was affected by a faster than projected slowdown in Europe and declining sales for the Reebok brand.The group reported a 4.4 percent sales increase to €5,261 million for the ...
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Adidas appoints new European leader after a slowdown in the region
The Adidas Group has replaced its management in Western Europe, due to unspecified distribution issues that apparently caused it to slow down more rapidly than anticipated in the company's second-largest regional market in the second quarter.Arthur Hoeld, who previously helped to build up Originals for the Adidas brand, was appointed ...
