Latest Headlines – Page 191
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Sportmaster and the Russian market are probably recovering
As usual, Sportmaster, the leading retail player in the Russian sports market, declined to talk to the press about its performance. However, local industry experts have told us that its financial performance should have improved in 2017 on the back of a new growth in the purchasing power of the ...
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Russia encourages import replacement for sportswear
Russia's Industry and Trade Ministry is urging the leading international sportswear suppliers, including Sportmaster, Decathlon and Nike, to produce some of their products in Russia, with the assistance of the federal government.Decathlon, which has a policy of manufacturing many of its own products locally, has responded favorably to the government's ...
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Poland’s 4F spreads internationally
4F, the Polish winter sports and sportswear brand, has increased its international expansion with the spread of 4F stores across five other European markets and the opening a few weeks ago of an Austrian subsidiary for the sale of its products.4F has already grown into one of the leading sportswear ...
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Zalando expands its partnership program
Zalando has reportedly doubled the sales generated by its brand partnership programs in the last year, enabling brands to take advantage of Europe's leading online fashion retailing platform to sell extra products.The German company sells about 2,000 brands in 15 European countries, buying products and delivering them from its warehouses. ...
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Rossignol buys Dale of Norway
The Rossignol Group is preparing to reinforce its apparel business through the acquisition of Dale of Norway, the Norwegian brand of sports and outdoor knitwear. It conducted exclusive negotiations with the brand's owners. The deal was finalized yesterday, but the terms were not disclosed at the time of going to ...
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New high-caliber CCO for Dahu ski boots
After working for more than 18 years with big companies like Dynastar, Lange, Burton and Black Diamond, the 54-year-old Olav Nietzer joined on Nov. 1 a small Swiss start-up, Dahu Sports Company, as chief commercial officer, with an attractive financial incentive package and an ambitious program for its international development.Now ...
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Many sport brands embrace new Gore-Tex technologies
W.L. Gore has announced the launch of a new brand, Gore-Tex Infinium, which will be introduced from the autumn of 2018 for a new generation of functional active lifestyle clothing and footwear. Marked with a new white diamond logo to distinguish it from the black diamond logo of its waterproof-breathable ...
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New products boost Johnson Outdoors
Johnson Outdoors posted double-digit sales growth for its fourth fiscal quarter ended Sept. 29, driven by strong demand for new products in the fishing and diving divisions, which more than offset lower sales in the camping and recreational watercraft segments. The group's total revenues jumped by 22.5 percent from the ...
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Hi-Tec’s integration leads Cherokee to a loss
Cherokee Global Brands, the American owner of the Hi-Tec, Tony Hawk and other brands, has lowered its financial projections, citing the difficult retail climate in the U.S. as well as Canada, where Sears has gone bankrupt.The challenging retail climate is affecting Hi-Tec as it is transitioning to a new licensing ...
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Burton announces its sustainability goals
The surf and snowboard brand has unveiled its sustainable development goals for 2020. These revolve around the three areas: products, playground and people. In the area of products, Burton is aiming at 100 percent bluesign-approved softgoods by 2020. Burton softgoods will only contain sustainable cotton, and will use less water ...
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Vaude, Pontetorto and the EOG tackle microfiber pollution
Biopile, a bio-degradable fleece fabric developed in partnership between Pontetorto and Vaude, has received the Performance Award for innovation in textiles at the Performance Days held in Munich last month. Vaude says that the fleece fabric with a brushed back manufactured by the Italian fabrics specialist is the first to ...
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VF Corp. launches a new sustainability and CSR strategy
The owner of The North Face, Timberland and other brands has announced its new global sustainability and responsibility strategy, called “Made for Change.” The strategy was announced in conjunction with VF's Sustainability and Responsibility Performance Report, on Dec. 11. The new strategy commits VF Corp. to reduce its global environmental ...
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Intersport rolls out its new “multi-specialty” store concept
Intersport's strategy to reposition itself from a multi-category retailer to a more modern “multi-specialty” retailer is rapidly taking shape, as more than a dozen Intersport stores in Europe and China have adopted the international buying and franchising group's upgraded store concept, while its international integrated online platform has gone live ...
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Intersport's central online retailing platform goes live
While Intersport's retail partners started piloting its updated store concept (see the article in this issue), Intersport International Corporation (IIC) has been making rapid strides with its international digital retailing platform, which went live in the last few days in Denmark and the Netherlands.The platform was launched by IIC's digital ...
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SGN Group forms the second-largest Swedish retail group
SGN Group of Finland has acquired the second half of the shares it didn't own in Sportringen, a Swedish buying group. The company's management is to be integrated with Team Sportia, another buying group that was already owned by SGN Group, to form a Swedish sports retail group with about ...
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Foot Locker copes with the digitalization of the retail sector
Foot Locker is taking strong action to resolve the problems that led it to report poor figures earlier this year, especially in the rapidly changing U.S. market. Investors rewarded the retailer by raising its stock market price by more than 28 percent after hearing about its new plans in connection ...
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World Cup qualifiers favor Adidas and Nike
Adidas has taken an early lead in the World Cup, at least in terms of the number of teams to be outfitted by the German brand, after the last qualifications for the finals were played last week.With eleven teams to wear the Three stripes, Adidas is slightly ahead of Nike ...
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Grupo SBF prepares IPO
Centauro, the largest sporting goods retailer in Latin America, could get extra funds for its expansion as its owner, Grupo SBF, has requested authorization from the Brazilian securities regulator for an initial public offering (IPO).Centauro is a multi-sport retailer with 187 stores, plus a very active web store. Based in ...
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Olympikus’ parent returns to the stock market
After a spectacular reorganization and recovery over the past few years, Vulcabras Azaleia is going public again, pricing the 68,420,000 shares offered at 9.50 reais each in order to raise net proceeds of R$550 million (€143.8m-$168.8m). The total proceeds may increase by R$71.8 million (€18.8m-$22.0m) if an over-allotment option for a ...
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Mixed results for Alpargatas
Alpargatas, the Brazilian company that owns Havaianas and licenses Mizuno, reports that its performance has started recovering compared with the first half of the year, but the Brazilian group's turnover and net profit in the third quarter remained below the year-ago period.The group's sales tumbled by 3.2 percent to 951.1 ...
