Latest Headlines – Page 196
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JD Sports Fashion sprints ahead
The JD Sports Fashion Group has sharply raised its sales and profits yet again for the half-year to July 29, due to openings across European and other international markets as well as higher comparable store sales.The expansion is continuing apace, as the British sports and outdoor retailer anticipates nearly one ...
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SDI’s chairman gets re-elected
Keith Hellawell, chairman at Sports Direct International (SDI), survived another shareholders meeting as 53.2 percent of independent shareholders voted in favor of his re-election at the assembly held at its head office in Shirebrook earlier this month.Hellawell faced controversy after independent shareholders twice voted against his re-election in the previous ...
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Decathlon has plans for Ukraine and Siberia
Decathlon is planning to make its first move into Ukraine with a couple of stores in Kiev, according to local reports, with the first due to open shortly in the Retail Park mall of the capital. A spokesperson for the company confirms that it is working on this project, declining ...
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Stadium re-organizes
Stadium is adjusting its organization by creating distinct entities and leadership for the Stadium and Stadium Outlet stores, which enables the Swedish retail group's chief executive to spend more time on strategic direction and business development.The change comes about two years after Karl Eklöf, the son and nephew of the ...
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Zumiez picks up speed
The American action sports retailer is benefitting from an apparent improvement in the North American boardsports market and from its investments in Europe and Australia. Globally, Zumiez' sales went up by 7.8 percent to $192.2 million in the second quarter ended July 29, with a 4.7 percent increase on a ...
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Adidas rejigs European management
The Adidas Group is replacing its managing directors in France, Iberia and Italy, as part of a management reshuffle that saw these three executives assume more international functions while the group's European structure has been streamlined.Under the latest structure, which has just become effective, the Adidas Group's business has been ...
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New equipment chief at Salomon
Xavier Le Guen has been appointed as Salomon's vice president of winter sports equipment, after the departure of François Fauroux, who is leaving the company to head up Aqua Lung International, the French group specializing in diving gear.Le Guen was previously vice president of Salomon apparel. He was replaced in ...
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New management changes at Columbia
Columbia Sportswear has appointed Russ Hopcus to be the new president for its Prana brand. The group also reported the departure of Stuart Redsun, senior vice president and chief marketing officer of the group, and said that Joe Boyle, president of the Columbia brand, will also take care marketing for ...
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Vista reassigns distribution roles
Vista Outdoor is restructuring international sales operations for its growing stable of sports and outdoor brands to make them more efficient and profitable and to adapt them to the changing structure of the market at retail and wholesale.Andrew Shand, the former vice president of international sales at Camelbak, will continue ...
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Thule sets higher profit goals
The Thule Group has raised its financial forecast, setting a long-term goal to generate an underlying operating margin (Ebit) of about 20 percent of sales, up from a previous target of 17 percent. It is still projecting, as before, annual organic growth in sales of around 5 percent.The reason for ...
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Thule develops a new modular retail solution
Thule is offering retail stores a modular solution for easier viewing of the company's products, seeing it as a move to strengthen its presence in the retail stores and to facilitate the customers' choice of the products. It is already in use at Thule's own brand store in Malmö, Sweden.The ...
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Adidas and Puma deploy stores in India
Growing Indian demand for training and athleisure products is fueling increased sales in the country for some of the leading international brands, which are starting to deploy their own stores in the country.The Adidas Group reportedly achieved the strongest gains as its sales reached 1,513 crore rupees (€195.8m-$231.8m) for the ...
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Duca del Cosma builds up internationally
After his takeover of Duca del Cosma last year, Frank van Wezel has rapidly built up offices and an international distribution network for the golf footwear brand, to start selling two distinct ranges for the golf course and the street.Van Wezel is the founder of the Hi-Tec and Magnum brands, ...
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Zalando works with a U.S. sneaker retailer
Zalando has struck its first transatlantic retail alliance by extending its partnership program with retailers to a premium American retailer of sneakers and streetwear, Stadium Goods, which tends to offer the latest limited editions of hot products at its two physical stores in New York and on its website in ...
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Russians are rushing for sneakers
Sneakers and other types of sports shoes are rapidly replacing a large part of the classical footwear used in Russia, and this trend is expected to continue at least until 2020, according to several market studies and the local media.In the most recent selling season, this type of product accounted ...
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Atomic and Salomon quit Ispo
Atomic and Salomon, two brands that jointly claim a share of 35 percent in the difficult alpine ski equipment market, have decided not to exhibit at the next Ispo Munich show, scheduled for Jan. 28-31. In giving out the news, their parent company, Amer Sports, added that it has agreed ...
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Decathlon is entering more new markets
As we had already reported at the beginning of this year (SGI Europe vol. 28 N° 5+6 of Feb. 22), after opening its first stores in Mexico, the Ivory Coast, Singapore, Slovenia and Malaysia in the course of 2016, Decathlon had planned to move this year into Austria and Switzerland, ...
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Intersport and XXL gain from SDI’s weakness in Austria
As XXL and Decathlon are entering the country, Intersport Austria plans to open 14 new stores by the end of this year, with a combined retail surface of around 18,000 square meters. For the members of the voluntary group, which are said to have become more profitable than before, it ...
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El Corte Inglés scores well online
The growth of El Corte Inglés, whose department stores still have a big share of the Spanish sporting goods market, slowed down to 2 percent in the financial year ended Feb. 28, reaching a level of €15.50 billion.Marking the third year of its financial recovery, the group's Ebitda improved by ...
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Sport Zone’s parent improves results
The Sonae Group raised its total turnover by 8.0 percent to €2,603 million in the first half, fueled by a 10.0 percent increase in the second quarter. The Portuguese group's underlying Ebitda went up by 9.2 percent to €116 million during the six-month period, leading to an Ebitda margin of ...
