Latest Headlines – Page 201
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Gore's latest fabric technologies on display at Outdoor Retailer
WL Gore & Associates showcased the latest version of its Gore-Tex Active fabric and other recent developments from its Gore Fabrics division, including the latest weather-protective technologies for running shoes, at Outdoor Retailer, the trade show held in Salt Lake City, Utah on July 26-29.Garments using the newest version of ...
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Some sports equipment brands improved in 2016
The global sports equipment market continued to grow very slowly in 2016 at the wholesale level. After an anemic increase of 1.1 percent in 2015, it grew by only 0.9 percent last year at the wholesale level, reaching a total estimated value of $74.2 billion according to an annual survey ...
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Nike outlines new digital business plans
Nike surpassed $2 billion in sales from its online store and its apps in the fiscal year to the end of May. Continued investments in digital development were at the center of the projects discussed by the group in an unusually insightful conference call around its quarterly results at the ...
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Nike beats forecasts with strong international sales
Robust international demand enabled the Nike group to beat its anticipated performance in the three months until the end of May, with sharp gains in sportswear and own retail sales.The Nike group raised its turnover by 5 percent to $8,677 million for the three months, which represent the final quarter ...
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Frisk takes charge of Under Armour’s operations
Under Armour has appointed Patrik Frisk as its president and chief operating officer, starting this week, as part of a broader executive reshuffle to streamline the group's management, aimed at optimizing its product assortment and at reinforcing its sales and marketing strategies.Thus, Frisk is making a comeback to the sporting ...
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Hi-Tec adjusts European distribution
Interga has been appointed to sell the Hi-Tec and Magnum brands in Italy, as part of the adjustments in European distribution after the sale of Hi-Tec's assets to Cherokee Global Brands (CGB) late last year. Interga is a strongly-established firm that sells a mix of sports and lifestyle brands, such ...
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Kamik markets Canadian-made shoes
Kamik has started to adjust its marketing material to put more emphasis on its Canadian identity and production. The adjustment, which is part of an effort to widen the brand's appeal in Europe, will become more apparent next year.The move comes after the appointment of Cristiana Bija in the newly-created ...
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Helly Hansen reorganizes in the U.S.
Helly Hansen has appointed Waypoint Outdoor as its master sales representative across the U.S. market, for both its sportswear and workwear wholesale activities. The Norwegian sailing and outdoor brand says the new business model is to accelerate its U.S. business after a clean-up in the last two years, with a ...
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Mike Ashley dismisses allegations of a multi-million pub deal
British newspapers have extensively reported about a hearing started in the High Court in London last week, which portrayed the majority shareholder of Sports Direct International (SDI), Mike Ashley, as an astute businessman prone to binge drinking and getting bored during meetings with investment bankers.The hearing revolves around a claim ...
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Fesi welcomes Japan Free Trade Agreement
Leaders of the European Union and Japan signed a deal in principle on July 6 for a free trade agreement (FTA) that would create the world's largest economic zone, representing about 30 percent of the world's GDP and 40 percent of world trade.The European federation of the sporting goods industry, ...
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Decathlon expands its sustainability targets
Decathlon will release a new production Code of Conduct this year. The French group has outlined the move in its latest Sustainable Development Report. The new Code of Conduct will strengthen the company's commitment on a number of issues, including the environmental management of production facilities, chemicals management, respect for ...
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German buyers dominate at a quiet Berlin Fashion Week
An increased number of trade shows were organized during the Berlin Fashion Week that took place from July 4-6, including a couple of children's wear shows, but only some of them dealt with sports brands. Visitor figures were not published. They were more than 200,000 at the winter edition of ...
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Nike launches a new consumer-direct strategy, staff cuts
Nike says it will reduce its staff by about 2 percent, as part of a reorganization aiming to accelerate its business and to target urban consumers more directly. Since Nike reported more than 70,000 employees at the end of its last full fiscal year, the cuts would affect about 1,400 ...
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EU probes Nike's licensing practices
The European Commission said it opened formal antitrust investigations into the licensing and distribution practices of Nike and two unrelated companies to establish whether they illegally restrict sales of licensed merchandise across borders and online in the European Union.The probe is targeting Nike as well as Sanrio, which holds rights ...
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Nike to work more closely with Amazon and Zalando
Zalando has unveiled plans to double in size by 2020, raising its annual sales from €3.6 billion to €7.6 billion, as part of an ambitious new strategy that will include providing new services to brands like Adidas and Nike. Founded in Berlin in 2008, the German company has quickly expanded ...
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Karstadt buys more online marketplaces
Karstadt Warenhaus and its Austrian parent company, Signa Retail, have taken a stake of 70 percent in Hood.de, a popular German marketplace, in order to turn the department store group into an omni-channel marketplace. The shares were formally bought by Karstadt Marktplatz, a joint venture between Karstadt Warenhaus and Signa ...
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The Bernad brothers pull out of JD Sprinter
The Bernad brothers have pulled out of JD Sprinter, the holding company for the fast-growing Spanish sports fashion retailer, which is owned at a majority by the JD Sports Fashion Group.The British retail group obtained 50.1 percent in JD Sprinter when it took control of the Spanish retailer in 2011, ...
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German buying groups want more joint buying
In an effort to become a more vertically integrated system supplier, Sport 2000 Germany is striving to determine a standard range of products that would represent up to 70 percent of the offer in the affiliated stores and that would be centrally ordered at better conditions. More in detail, 25 percent of ...
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Intersport Finland copes with poor weather and XXL
Intersport Finland held up last year in spite of calamitous weather conditions, which have negatively affected the country's cross-country skiing market and are apparently starting to impact the cycling market as well.Kesko Oy, Intersport's licensee for Finland, reported flat sales of about €316 million in 2016 for all of its ...
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Lower sales and profits at Head in 2016
Head Sport is no longer public. It stopped trading on Vienna's stock exchange in March 2015. All the assets, liabilities and legal relationships were transferred last December to a new company called Head Sales BV, and we have just discovered that it posted an annual report of its operations for ...
