Latest Headlines – Page 223
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Decathlon invests in boxing
Decathlon has announced the global launch of a new private label, Outshock, for its boxing products, noting that some 100 million people are practicing this sport around the world. The products developed by the French retailer will emphasize safety and protection, building up on the boxing range previously sold under ...
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Adidas expands its Kanye West deal
The partnership between Adidas and Kanye West, which has been instrumental in sustaining the brand's heat in the U.S. market last year, is to be reinforced with the launch of Adidas + Kanye West – a partnership run by a separate business entity, involving dedicated stores and a Yeezy-branded product ...
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Wide-ranging contract between Adidas and Wanda in China
The Adidas Group has struck a wide-ranging deal with the Wanda group, the largest real estate conglomerate in China, to support the development of football and basketball as well as the Adidas brand's retail business in the country.The Wanda group has been increasingly investing in the sports market in the ...
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Kingmaker weighs retail pullout
Like the much larger Yue Yuen group, the Kingmaker Group is involved in the shoe manufacturing business as well as in retailing in China. Announcing a new management and a big drop in its shoe retailing sales, the Hong Kong-based company said it will review the retail business this year, ...
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Nikita and Bonfire back on track
Nikita exhibited for the first time under the new ownership of the Pretty Great Group at the Bright fashion show, held during the Berlin Fashion Week on June 28-30 at Arena Berlin. Amer Sports sold off its two brands of boardsports clothing, Nikita and Bonfire, in May 2015 to Pretty ...
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Sports brands exhibited in Berlin
The Berlin Fashion Week, which took place on June 28-30, was once again a successful platform for suppliers and retailers of action sports and sports-inspired lifestyle collections to meet and discover the new spring/summer 2017 collections.Bright, the leading European trade show for streetwear, sneakers and skateboarding, took place for the ...
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Knight formally leaves Nike (but not quite)
It was announced last year and completed at the end of June: Phil Knight's retirement from the board of directors at Nike marks the end of an era for the brand, although he was appointed as a chairman emeritus who may still drop in at any board meeting as an ...
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Shoe Dog sheds light on Knight's character
Phil Knight's formal retirement from Nike comes just a few weeks after the publication of his sharply-penned and sometimes personal account of the brand's early days. Shoe Dog provides captivating insights into the joys and mishaps of the “Crazy Idea,” when a somewhat aloof “Buck” Knight and a small band ...
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Amer Sports releases new CSR report
Amer Sports, the mother company of Salomon, Wilson, Precor, Atomic, Arc'teryx, Suunto, and other sporting goods brands, has released its second annual corporate social responsibility (CSR) report, which sums up the company's initiatives and achievements in 2015. The group published its first CSR report in June 2015. During 2015, Amer ...
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Analysis: The sports equipment market 2015
Excluding other types of products in their portfolios, the major suppliers of branded sports hardware saw their global sales increase by only 1.2 percent in terms of U.S. dollars, reaching a level of $73.4 billion, according to an annual survey by Sporting Goods Intelligence. It was a major slowdown from ...
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Newell will shed properties, do more marketing
Newell Brands indicated earlier this week a tentative plan to divest operations that are currently generating annual revenues of between $250 million and $300 million in the next two to three years. The statement added fuel to speculation that the group may be considering the disposal of Marmot Mountain and ...
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Adidas agrees to €200 million extension of its DFB deal
While Adidas is battling it out with Nike and other brands on the sidelines of the European football championships, it has bagged an agreement to extend its partnership with the German football federation (DFB) for four years until 2022, at a cost of about €50 million per year.The agreed annual ...
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Adidas reclaims European football market lead
Adidas claims that it has taken the lead in the European market for football shoes and that it should reach a new record turnover of €2.5 billion in the football category this year, up from €2.2 billion in 2015. This would be more than twice the sales that the company ...
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Sporting goods can be obtained more quickly on the web
Customers in Berlin can now order Adidas products through Zalando's internet marketplace and get them delivered to their homes between 7 and 9 p.m. if the orders are received before 3 p.m. The items will be picked up by local logistic provider, ZipCart, from Zalando's own inventories, or those of ...
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SDI reportedly holding talks for TSA
Sports Direct International (SDI) has reportedly struck an alliance with Modell's Sporting Goods, a U.S. sporting goods retailer, to potentially take over between 100 and 200 store leases of The Sports Authority (TSA), the big American sporting goods retailer that filed for bankruptcy protection in March, as well as its ...
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Ashley blames online growth for SDI warehouse issues
Mike Ashley, majority shareholder of Sports Direct International, has blamed soaring online sales for the British retailer's failure to adjust all of the infrastructure at its huge warehouse in Shirebrook, as he finally attended a parliamentary hearing on Tuesday, June 7 regarding the treatment of workers at the company.Ashley appeared ...
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Team Sportia is growing in Finland
Team Sportia is growing strongly in Finland. In April alone, the Swedish voluntary chain opened six new stores in Finland, taking the total store count in the country up to ten. The new doors are primarily shops that previously traded under the Sportia and Elmo Sport banners and chose to ...
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Higher profits for the Danish Sportmaster
The Danish sporting goods chain Sportmaster has released its 2015 annual report, which shows a drastic increase in the company's operating profit. Its turnover was virtually flat last year at 1,074 million Danish kroner (€144.4m-$162.5m), while operating profits shot up by 74 percent to DKK 67.6 million (€9.09m-$10.23m).The company closed ...
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European online sales have grown by more than 13%
Online sales in Europe grew by 13.3 percent in 2015, reaching €455.3 billion. About 43 percent of Europeans now shop online, and only 16 percent of them have made cross-border purchases. According to E-commerce Europe, the European online sales confederation, which hosted its annual conference in Barcelona on May 30, ...
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Management shake-up at Arena
The big Italian-based swimwear brand announced in the past few days the departure on June 6 of its long-standing chief executive, Cristiano Portas, and the appointment of a new, experienced general manager for the U.S. market, where the potential for its development is still huge.Portas has been running Arena for ...
