Latest Headlines – Page 195
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Rapha targets 100 store in 10 years
Rapha opened its first German store on Oct. 23. The store is located in the heart of Berlin, at 5 Alte Schönhauser Strasse. It will sell the four performance lines of the British upmarket cycling apparel brand as well as Rapha's urban line, City. The store aims to attract customers ...
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Shimano’s profits fall by 23%
Shimano saw its net income for the first nine months of the year tumble by 23.7 percent from the year-ago period to 28,104 million yen (€144.1m-$167.8m). Sales inched up by 1.8 percent to ¥245,969 million (€1.9bn-$2.2bn).The Japanese maker of bicycle components and fishing products blamed the profit dip on a weak ...
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Rapala records weak sales in Europe
Rapala VMC posted revenues for the first nine months of the year that were down by one percent to €201.4 million as compared to the same period a year ago. On a constant-currency basis, they declined by 2 percent.The company said the trading environment was especially challenging in the U.S., ...
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Stella records slight dip in revenues despite volume rise
Stella International's revenues for the three months to Sept. 30 decreased by 2.5 percent from the same quarter last year to $443.5 million. However, volumes rose by 4.1 percent, with 15.2 million pairs of shoes shipped by the Chinese company during the period. The company said this was due to ...
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World Snowboarding will replace the World Snowboard Tour
The World Snowboard Federation (WSF) has announced the completion of the merger with TTR Pro Snowboarding (TTR). Starting with the 2017/18 season, the merged entity will offer direct membership for the sport's stakeholders. Following the merger, the World Snowboard Tour brand name will cease to exist. All existing and future ...
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Fesi will work more closely with WFSGI
The European Federation of the Sporting Goods Industry (Fesi) has announced the resignation of its president, Luca Businaro, and its secretary general, Alberto Bichi, ahead of the general assembly of the organization, which is due to be held in Brussels on Nov. 23-24. Their resignation follows a meeting of Fesi's ...
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Small growth for the European sporting goods market in 2016
In terms of local currencies, the sporting goods market rose by 3.0 percent last year in the 15 major markets in Western Europe that we track every year, down from an increase of 3.8 percent recorded in 2015. Translated into euros, consumption of sporting goods increased by only 1.0 percent ...
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Sport 2000 enters Spain and Hungary
After more than a year of discussions and negotiations, Sport 2000 International has re-entered the Spanish market by signing an agreement with the Base Detallsport group. We understand that Sport 2000 International has also signed a contract with a new partner in Hungary, taking over responsibility for the territory from ...
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JD founders said to plan IPO for Footasylum
John Wardle and David Makin, the founders of JD Sports, are preparing for the launch of their second sports retail business on the London Stock Exchange, Sky News reports. The initial public offering (IPO) of Footasylum, which has grown to 59 stores around the U.K., was said to be targeting ...
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Under Armour opens more stores in Europe
Under Armour has opened its first store in Russia, in the Metropolis Shopping Center in Moscow. The company, which has its own Russian sales office, says it eyes a major expansion in the country through the opening of other stores and factory outlets and an online-store in the near future.We ...
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Adidas starts customized shoe production
Adidas is preparing to sell in London and Paris the first batches of customized running footwear made at its automated Speedfactory in Ansbach, Germany. The company is launching the AM4 project, which stands for “Adidas Made For” and consists of running shoe models designed for runners, in six cities.The shoes ...
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IC Group weighs potential sale of Peak Performance
IC Group, the Danish owner of Peak Performance, is evaluating a potential sale of part or all of the Swedish sports apparel brand, after structural improvements in its business and results in the last years.IC Group says it has engaged Rothschild, the investment bank, as it started a strategic review ...
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Wolverine sells some military assets
Wolverine Worldwide has sold its factory in Big Rapids, Michigan and some other assets related to its business with the U.S. Department of Defense to a smaller firm, the Original Footwear Company. Wolverine says the divestiture will improve the future viability of the Big Rapids facility because small businesses like ...
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American basketball scandal escalates
Two U.S. universities are re-evaluating their sponsorship contracts with Adidas following the FBI's previously reported investigation into the alleged bribery of basketball players. The scandal has also led one of Adidas shareholders, the company of Bronstein, Gewirtz & Grossman, to announce its intent to ask for an investigation into whether ...
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Golf participation inches up in Europe
Recent research reports on the European golf market have come up with contrasting and contradictory figures, but at least two of them indicate that participation in golf is on the rise, especially in emerging markets.Sports Marketing Surveys (SMS) has calculated that the number of registered golfers in Europe rose by ...
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New segmentation at Ispo Munich 2018
Undaunted by the recent partial pullout of Amer Sports from the exhibition floor through its Atomic, Salomon and Armada brands, the management of the Ispo show in Munich is boasting a 15 percent increase in demand for space than at the same time a year ago, and it is responding ...
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Soldier goes international
Cornelis Hendrik (Cees) de Witte, a well-known figure in the sporting goods sector, has joined Soldier Design, a rather special U.S.-based brand-building consultancy, as a partner with responsibility for the development of its business in Europe and Asia. He has just opened Soldier's first European office in Zurich and is ...
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Nike adjusts to retail disruption
Expansion in international markets and in own retailing made up for the sluggishness in the Nike group's sales to retail partners in North America, leading to flat sales and a dip in net profit for the quarter to the end of August.The group's turnover of $9,070 million was flat both ...
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JD’s deal with Sport Zone moves ahead
An agreement has been reached to form a combination between the JD, Sprinter and Sport Zone stores in Spain and Portugal, forming an Iberian retailer with sales of about €450 million and 311 stores owned at a small majority by the JD Sports Fashion Group.The conditional agreement integrates Sport Zone ...
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JD moves into South Korea
While expanding rapidly in Europe, the JD Sports Fashion Group is continuing to move further afield through a joint venture with Shoemarker (SMK), a South Korean footwear retailing group. The deal will allow the British sports retailer to acquire a stake of 15 percent in a group of 23 stores ...
