Latest Headlines – Page 189
-
Article
New Russian Olympic sponsor will open stores
A Moscow-based brand of casual and performance sportswear, ZA Sport, which has been appointed as the official supplier of sportswear and sports apparel for the Russian athletes competing in the Olympic Games, announced plans to open a network of stores under its sports brand throughout the Russian Federation at the ...
-
Article
Macron inks new sponsorship deals
Macron has announced a wave of new partnership deals, which include Phoenix Rising FC and Udinese in football, as well as the German Rugby Federation. Phoenix Rising FC is a professional football team based in Phoenix, Arizona, and a member of the United Soccer League, the second tier of the ...
-
Article
Decathlon partners with Athleticum in Switzerland
Decathlon has agreed to run a test with Athleticum in Geneva to see how the two chains can work together. As of April, the Athleticum store in the Meyrin section of Geneva will be renamed as Decathlon. Eventually, if the test is successful, all the 23 Athleticum sporting goods stores ...
-
Article
Decathlon is testing a “satellite” format in Siberia
Decathlon plans to open the first store with a so-called Satellite format in Russia by the month of April in a bid to fuel its expansion in the country. The format, which recalls that of the urban Decathlon City concept that is spreading in Western Europe, will be launched in ...
-
Article
Iberian merger approval and Spanish expansion for JD
The European Commission has cleared the tie-up between JD Sprinter and Sport Zone, to form the second-largest sporting goods retailer in Iberia behind Decathlon, with sales of about €450 million.The projected transaction was outlined last year by JD Sprinter Holdings and Sonae. JD Sprinter is a Spanish joint venture that ...
-
Article
JD Sports Fashion outperforms again
JD Sports Fashion continued to perform strongly in the holiday season, allowing the British sports fashion and outdoor retail group to report increased comparable sales and guidance above market expectations for the full fiscal year to Feb. 3.The group said last week that comparable store sales in the second fiscal ...
-
Article
Zalando focuses on investments and market share gains
Zalando said it would continue to focus on market share gains this year, after the German online retailer raised its turnover above the €4 billion mark in 2017 but investments put pressure on its margins.Zalando made it clear last year that it was raising investment in infrastructure and technology, at ...
-
Article
Polish sports retailer builds multi-brand business
Supported by one of the leading sports retailers in Poland, the Iguana Group has built up a portfolio of complementary sports and outdoor brands that it started offering to retailers across Europe and Asia as a retail concept, or to fill in gaps in their offering. The Iguana group is ...
-
Article
Pou Chen offers to take Pou Sheng private
Pou Chen Corporation has issued an offer to privatize Pou Sheng International, in a deal that values the Chinese sports retailer at about $1.4 billion and that is meant to tackle the disruption in the Chinese retail market.Pou Sheng reported sales of 16,236.4 million yuan renminbi (€2,068.6m-$2,568.6m) in 2016 and it ...
-
Article
The Otto family takes over Sympatex
Members of the family that own the big German Otto Group have acquired all the shares of Sympatex Technologies, following a financial reorganization of this well-known developer of functional materials. According to Sympatex, there will be no structural changes or staff restructuring initiatives and Sympatex will still operate as an ...
-
Article
Management restructuring at Bogner
Just a few weeks after the departure of its chief executive, Willy Bogner has had to deal with the departure of its supervisory board chairman and another board member, among several other reported issues at the German skiwear company.Wolfgang Reitzle, the former chief executive at Linde, has been asked to ...
-
Article
Brooks reorganizes in Europe
Brooks Running has enlisted an experienced professional, Erik Nystedt, to distribute its products in the Nordic countries, where the brand is relatively well known already. Nystedt, who worked with Asics for many years, is forming a new company in Sweden, Brooks Scandinavia, to distribute the brand in Sweden, Norway, Denmark, ...
-
Article
Lotto organizes itself differently
Lotto Sport Italia is putting together a new organizational structure and taking new initiatives to position itself better in the market and to capitalize on new trends in product and marketing. Many of these initiatives are shared with Stonefly, a sister company with common shareholders specializing in comfort shoes, with ...
-
Article
Joma is approaching €200 million in sales
As it reaps the benefits of increased investments in the last years, Joma Sport predicts that its turnover could reach nearly €200 million in 2018, with a sales increase of 15 to 20 percent.Joma more than doubled its sales already in the last five years, to about €165 million in ...
-
Article
WFSGI in robust shape at forty
It was at the Spoga fair in Cologne, the predecessor of today's Ispo Munich, that the World Federation of the Sporting Goods Industry (WFSGI) was formally launched in September 1978, nearly forty years ago. The occasion is to be marked by a special dinner just before this year's Ispo Munich, ...
-
Article
Ispo puts the spotlight on digital
Next week's Ispo Munich will feature a new hall concept designed to adjust to the changes in the sporting goods industry. It will be split into eight segments, with Outdoor and Fitness occupying one more hall than last time. Filling again all its 16 halls, Ispo Munich will open its ...
-
Article
Ispo plans to cooperate with Alibaba
The Alibaba Group and Ispo announced that they are exploring a joint strategic collaboration. As part of this initiative, the 4,000-plus clients of Ispo from all over the world would be given an opportunity to expand their e-commerce operations in China through Alibaba's big B2C marketplace, Tmall. They would benefit ...
-
Article
Clarion Events takes control of the Premium Group
On Jan. 22, just a couple of days after the end of Berlin Fashion Week, a company called Clarion Events announced that it had acquired a majority stake in the Premium Exhibition Group by taking over the shares of Waterland Private Equity, a Dutch financial investor that had bought its ...
-
Article
Multi-party alliance against microplastic pollution
The Federation of the European Sporting Goods Industry (Fesi) and the European Outdoor Group (EOG) have teamed up with several other European organizations in the value chain of apparel production and maintenance, to work together on effective and economically feasible measures to tackle microplastic pollution.The other parties in the agreement ...
-
Article
Industry stocks jump by 19.3%
After a relatively flat performance in 2016, the stock market capitalization of the sporting goods sector rose by 19.3 percent in terms of local currencies in the course of 2017, in tune with a generally buoyant trend in the stock exchanges. In dollars, the total market capitalization of the 81 ...
