Latest Headlines – Page 206
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IIC adjusts management team to strategic priorities
Three new members have joined the executive management team of Intersport International Corp. (IIC) from the start of April to accompany the buying group's plans in omni-channel retailing, to implement adjustments in its multi-specialty retail format and to support development in Asia.These priorities were identified by IIC as it evaluated ...
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New tasks for ICC’s former boss
Franz Julen, the sporting goods industry veteran who left as chief executive of Intersport International Corp. at the end of last year, has officially retired after 16 years at its helm, but he continues to be active professionally by holding several new board positions.Banking on his experience in retailing, he ...
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Internetstores’ owner buys Probikeshop
The owner of Internetstores, the online retailer specializing in outdoor and cycling products, is expanding with the full acquisition of Probikeshop, a French company that describes itself as the leading online retailer of cycling gear in France and southern Europe. Internetstores itself was taken over last year by Signa Holding, the ...
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Pon bids for Accell to form bicycle giant
The Accell Group confirmed last week that it was holding talks with Pon Holdings, after Pon issued a conditional bid for the acquisition of Accell. The tie-up between the two Dutch conglomerates would form a global market leader with annual bicycle sales of about 2.3 million units worth €1.7 billion.Pon ...
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Tecnica is due to get a new financial boost
Confirming press reports, the Tecnica Group says that an Italian investment fund, Italmobiliare, is in due diligence proceedings for the acquisition of a minority stake in the company. The transaction should be closed in the summer. The Zanatta family will remain in control of the group, whose brands include Blizzard, ...
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New owners for Active Brands
Active Brands, the Norwegian group that owns Kari Traa, Dæhlie and several other sports and outdoor brands, is to be taken over by FSN Capital Partners, a Nordic investment fund, although existing shareholders should continue to own a material stake in the company.The majority shareholding is to be divested by ...
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Puma upgrades forecast, reshuffles its board
After a buoyant first quarter, and with improved prospects, Puma upgraded its forecast for sales and operating earnings for the full financial year. Two weeks ahead of the scheduled release of its quarterly performance, the company said that its full-year sales should increase at a low double-digit rate in constant ...
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Puma invests in German football
Just a few days after its agreement to outfit Olympique de Marseille from July 2018, Puma announced a new partnership with Borussia Mönchengladbach, to become its official technical supplier from the same season.The company will supply the licensed team as well as the club's youth teams with jerseys, training apparel ...
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Skechers' revenues pass the $1 billion mark
Skechers USA posted strong results for the first three months of the year, thanks to double-digit growth in its international business. Its total sales hit a new quarterly record of $1,073 million, which represents an increase of 9.6 percent over the first quarter of 2016. Its net earnings dipped by ...
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German court supports price comparison engines
In the latest ruling relating to selective distribution, the higher regional court of Düsseldorf supported an earlier decision by the German anti-trust authority that Asics should not be allowed to demand that its retail partners refrain from using online price comparison engines to sell their products.The German competition authority, the ...
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Nike doubles down on product innovation and consumer connections
The Nike group wants to double the speed of its supply chain and innovation while doubling its direct connections with consumers, the company told investors on a call about its results for the three months until the end of February.As reported below, the Nike group's sales rise for the third ...
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Mixed performance for Nike in its Q2
Robust European demand contributed to a sales increase of 5 percent to $8,432 million for the Nike group in the three months to the end of February, which were affected by the somewhat chaotic retail situation in the U.S. market. The group's gross margin dipped by 1.4 percentage points to ...
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Adidas eyes €5 billion in North American sales by 2020
The Adidas Group is targeting annual sales of €5 billion in North America by 2020, a jump of nearly 50 percent compared with a turnover of €3.4 billion for the Adidas and Reebok brands last year.The target was outlined at an Investor Day held by the Adidas Group in Herzogenaurach ...
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Digital and international will lead VF’s growth
VF Corp. is projecting a compound annual growth rate (CAGR) in its total sales of between 4 and 6 percent over the next five years, driven by continued growth at Vans and th e resumption of growth at The North Face and Timberland, which have under-performed lately, especially in the ...
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Smith replaces Arens to lead The North Face in Europe
Kath Smith has been appointed vice president and general manager for The North Face in Europe, the Middle East and Africa (EMEA) from the end of March, at the company's European head office in Switzerland. After assignments with international consumer goods companies such as Mars, Diageo and the Adidas Group, ...
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Lower sales and losses, new recruits for SportScheck
The leading German sporting goods retailer has announced the appointment of a new buying director who comes from Zalando. Anna Westhoff, 34, will join SportScheck on June 1 to head up all purchasing functions for its online and offline operations, including its private labels. She replaces Robert Stiefel, who will ...
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Potential Iberian sports retail partners are growing fast
The tie-up between JD Sprinter and Sport Zone to form the second-largest Iberian sports retailer, which we reported about in the previous issue of SGI Europe, comes at a time of continued expansion for both retailers in the region.JD Sprinter, which is owned at a majority by JD Sports Fashion, ...
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Go Sport gains ground
Groupe Go Sport generated consolidated sales of €749 million last year, which was an increase of 3.5 percent in comparable store sales and constant currencies, as reported by the owner of the French-based sporting goods retailer, the Rallye group. The reported sales imply an increase of 10.1 percent compared with ...
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Intersport’s Greek partner expands cautiously
Fourlis, the Greek holding company that runs 121 Intersport and The Athlete's Foot stores in Greece, Turkey and several other countries, raised the sales of its sporting goods segment by 5.6 percent €136.5 million last year, albeit with a drop in pre-tax profit. The sporting goods retail business delivered operating ...
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Amer buys Armada
Amer Sports has acquired selected assets of the American ski equipment and apparel company, Armada, including its iconic brand, its intellectual property and the distribution rights, for a total price of $4.1 million. The price comprises $2.5 million in cash and the writeoff of outstanding liabilities stemming from the contract ...
