Latest Headlines – Page 233
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Bankrupt Dutch sports retailers for sale
The Dutch sports industry was badly shaken this week by the bankruptcy of the Unlimited Sports Group (USG), the leading sports retailer in the Netherlands with Perry Sport and Aktiesport, and the owner and distributor of a handful of sports brands.The USG holding company and the two retailers it owns ...
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Good sales growth for XXL, despite a warm autumn
XXL ASA, the leading sports retailer in the Nordic countries, has reported a 21 percent increase in revenues for the fourth quarter of 2015, reaching 1,831 million Norwegian kroner (€193.3m-$212.6m) against NOK 1,520 million (€160.4m-$176.5m) in the same quarter of the previous year.The Norwegian company said it managed to grow ...
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Foot Locker promotes Jacobs and Kimble
Foot Locker has widened the responsibilities of two veterans of the group, Stephen D. (Jake) Jacobs and Lewis P. (Lew) Kimble, placing them respectively in charge of all operations in North America and in the rest of the world. They will report to Richard Johnson, president and chief executive of ...
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Puma ends the year with stronger demand
After a sharp uptick in demand in the last quarter, Puma's turnover advanced by 14.0 percent to €3,387.4 million last year, which was an increase of 6.5 percent in constant currencies. But the increase was supported by heightened investment in marketing and retailing, which impacted its net income.The group's turnover ...
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Women help Puma to regain impetus
The Puma brand regained some impetus last year, thanks in part to increased demand for its running and women's products. The uptick has encouraged the company to heighten its focus on the women's market this year, taking advantage of its partnership with Rihanna.At Puma's annual press conference last week, Björn ...
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A trio will run Adidas’ women’s segment
Creating two new positions, Adidas has named Nicole Vollebregt as global head of women's and Kerry Speake as global women's creative director. They will both work from Adidas America's office in Portland, Oregon. It has also retained Christine Day, who served as chief executive of Lululemon Athletica from 2008 to ...
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Adidas raises guidance after buoyant year
The Adidas Group has upgraded its guidance for this year after it surpassed its targets for sales and earnings in 2015. About three weeks ahead of the scheduled publication of its annual results, the company said its turnover amplified by 16 percent to €16.9 billion last year, which was an ...
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Decathlon spreads abroad and online
Decathlon expanded its international reach last year by moving into two more countries, supporting a sales increase of 12 percent to €9.1 billion excluding tax. The French sports retailing giant reports that its comparable sales improved by 5 percent for 2015, after a rise of 6 percent the previous year.After ...
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Intersport enters Latin America
Intersport International Corp. (IIC) is entering a new continent with the signing of a licensing agreement for the Chilean market with a local retailer, Calzados La Otra Opcion, based in Santiago de Chile. IIC is already present in Europe, Canada, the Middle East, Asia and Australia.All the 20 sports stores ...
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Austria drives Intersport's Central European sales
Retail sales rose by only one percent to €2.87 billion for the German retailers affiliated with Intersport in the past calendar year, but as a group, Intersport Germany performed better in some other countries. In Austria, sales were up by 11 percent to €400 million, probably owing to the weaknesses ...
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German Sport 2000 has more members but is snubbed by big brands
At Ispo Munich, the management of Sport 2000 Germany, expressed its concern about changes in the distribution policy of its two largest vendors, Nike and Adidas. Andreas Rudolf, managing director, said that Nike intends to raise the minimum order for each retailer from the current €10,000 to €25,000, effective next ...
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Sport Scheck is recovering and establishing connections
Sport Scheck, a member of Intersport owned by the Otto Group that is still the largest single integrated sporting goods retailer in Germany, reports a major recovery, after suffering a big loss of more than €60 million on 7.2 percent lower sales of €296 million in the financial year ended ...
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New management for Karstadt Sports
Signa Retail has appointed Michael Rumerstorfer as the new chief executive for its Karstadt Sports chain to replace Simon Rider, the British sporting goods industry veteran who left at the end of last year by mutual consent. Rider had been hired in mid-2013 as head of sport for the whole ...
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Fanatics bags Kitbag
Kitbag, a British-based online retailer specializing in team sports products, has been acquired by Fanatics at a price of £11.55 million (€15.1m-$16.9m). The purchase will support the European expansion of Fanatics, a major U.S. player in the market for officially licensed sports merchandise.Kitbag had apparently caught the eye of Sports ...
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Way clear for Oaktree to control Quiksilver
Oaktree Capital Management has received the green light to become the majority shareholder of Quiksilver. The U.S. bankruptcy court for the District of Delaware approved a reorganization plan under which the company's secured bondholders will forgive $279 million in debt in exchange for shares. Oaktree, which also has a stake ...
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Another bad year for Quiksilver
Quiksilver has reported another big net loss of $306.2 million for the financial year ended Oct. 31, 2015, after posting losses of $229.4 million in 2012/13 and $308.1 million in 2013/14. Group revenues fell by 14 percent to $1,345.9 million, with the Quiksilver brand accounting as before for 40 percent ...
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Elan prepares strategic investments
Elan, the Slovenian ski brand, wants to expand its counter-seasonal business, invest in its production and rebuild its OEM business, after its takeover last year by an arm of VR Capital Group, an asset management company, backed by Merrill Lynch International.While the Elan group managed to raise its sales last ...
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Look Cycle takes over Corima
Look Cycle has announced it is acquiring a majority stake in Corima, a French specialist in the design and manufacturing of carbon wheels. Corima had a turnover of €4 million in 2015, of which 85 percent was made through exports. Founded in 1973, the company initially focused on making high ...
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Amer gears up for expansion in ball sports and fitness
Amer Sports ended last year with a robust fourth quarter, again fueled by sharp rises in apparel and footwear sales. The turnover of the Finnish group, with brands from Salomon to Atomic, Arc'teryx, Wilson and Precor, among others, increased by 11 percent to €783.7 million, with a rise of 6 ...
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Under Armour races ahead in last quarter
Under Armour probably became the third-largest general sports apparel and footwear brand, after another whopping sales increase of 28.5 percent to $3,963.3 million last year. New Balance reported sales of $3.3 billion for 2014 while Puma projected a sales increase at a mid-single-digit rate in constant currencies in 2015, from ...
