Latest Headlines – Page 249
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Scott gets European license for Outdoor Research
Outdoor Research (OR) has issued a European license to Scott Sports, starting from the beginning of this month, which will enable the U.S. outdoor company's European team to focus on sales and marketing.The move comes about three months after Youngone, the Korean company that bought a majority stake in OR ...
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Under Armour to safeguard Plank’s control
Under Armour is preparing to launch a new class of non-voting common stock, the Class C shares. The move was regarded as a strategy to ensure that Kevin Plank, the company's founder and chief executive, retains control over the company.Plank holds a majority of Under Armour's Class B shares, which ...
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Yue Yuen reports mixed quarterly results
Yue Yuen Industrial Holdings has reported a net profit of US$96.1 million for the first quarter ended March 31, up from $72 million in the year-ago period, but its operating earnings fell by 9.2 percent to $85.9 million before extraordinary items, reducing the operating margin of the group from 5.16 ...
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Belle’s sports stores prosper in cleaner market
Belle International is reaping benefits from the clean-up in the Chinese sports apparel and footwear market in recent years, with a comparable sales increase of 12.4 percent for its sportswear and apparel stores for the three months until the end of May – against a comparable sales decline of 7.8 ...
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Zalando takes over Bread & Butter
The giant e-tailer based in Berlin has signed a letter of intent to buy the insolvent company that manages the Bread & Butter fashion show in the German capital. The fair is working on a new concept that should involve consumers, which are Zalando's primary target, but it's not sure ...
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U.K. sport participation drops, swimming is worst
Grassroots sport participation is dropping in the U.K., according to the figures provided by Sport England in its latest Active People Survey, which measures the number of people taking part in sport across the nation and in local communities. Almost a quarter of million people stopped taking part in regular ...
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Brazil football sponsorship under scrutiny, Blatter to resign
A large-scale sponsorship deal signed between “a multinational sportswear company headquartered in the U.S.” and the Brazilian Football Federation (CBF) in 1996 came under scrutiny last week as part of an investigation by U.S. authorities that alleged “rampant, systemic and deep-rooted” corruption in organized football.It was described in an indictment ...
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Decathlon wants to expand in Latin America
The giant French-based sporting goods retailer's expansion into the Spanish-speaking part of Latin America is starting with the establishment of a subsidiary in Mexico. Decathlon already has a subsidiary in Brazil, where the number of its stores grew by three to 18 in the past year under the management of ...
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Strong quarterly growth, new markets for Intersport and TAF
Both Intersport and The Athlete's Foot (TAF) recorded very strong sales increases at the retail level in the first quarter of 2015, and they are both entering new markets. Intersport International Corp. (IIC) has signed new franchising agreements for the Intersport banner in Algeria, Indonesia and the Philippines. TAF, which ...
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AS Adventure buys Snow+Rock
The AS Adventure Group has acquired Snow+Rock, the British chain of outdoor, ski, running and cycling stores, from LGV Capital, which had bought it five years ago. AS Adventure, which was recently sold by Lion Capital to PAI Partners, owns the Cotswold Outdoor chain in the U.K., in addition to ...
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Sport 1 acquires Anton Sport
Sport 1 Gruppen, the third-largest sporting goods retailer in Norway, has entered into an agreement to acquire 70 percent of the shares in Mobo Sport Holding, which owns the sporting goods retailers Anton Sport and Sportsnett.The Sport 1 chain will maintain its technical position. Anton Sport, which has been a ...
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Record earnings for Foot Locker
Establishing a new quarterly record, Foot Locker reported a 16.5 percent increase in net profit to $184 million for the first quarter ended May 2. Sales went up by only 2.6 percent to $1,916 million. However, the gross margin improved by 0.4 percentage points to 35.0 percent of sales, as ...
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Dosenbach-Ochsner weathers the Swiss storm
Dosenbach-Ochsner, Switzerland's leading shoe and sporting goods retailer, lifted its sales by 5.6 percent last year to 966 million Swiss francs (€934.7m-$1,019.9m) The total number of pairs of shoes sold increased by about 400,000 to 13.5 million. This Swiss subsidiary of Deichmann emphasized that it managed to extend its leading role ...
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SportScheck launches Same-Day Delivery
SportScheck has decided to offer Same Day Delivery (SDD) for any items purchased at its 19 stores in Germany. The move is expected to offer an interesting alternative to pure internet players like Amazon and Zalando, which sell sporting goods in the country without the support of a physical store ...
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Online sales remain low for sports goods
Sales of sporting goods on the internet in the five biggest European markets - France, England, Germany, Italy and Spain – grew by 19 percent in 2014, generating a turnover of €6.5 billion, €1 billion more than in 2013. According to the NPD Group, online purchases accounted for 18 percent ...
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Investment firm takes over Zoggs
Risk Capital Partners, a British private equity firm, has acquired the majority of the shares in the Zoggs Group, as part of a buy-out involving the swimming apparel and equipment brand's management.Risk Capital Partners acquired the majority of the company from Leo and Daniel Gestetner, who retain a small minority ...
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K-Swiss buys Supra and denim brand
As part of a wider acquisition drive, K-Swiss Global Brands (KSGB) has bought One-Distribution, a leading skate-inspired apparel and footwear manufacturer, at an undisclosed price. One-Distribution is the parent company of KR3W Denim and Supra Footwear, a sneaker brand focused on skating, which became most popular with its Skytop.K-Swiss itself was ...
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Rossignol gives up on Zodiac offer
Rossignol Group, the French winter sports company, has reportedly given up on a potential takeover of assets owned by Z Marine, the French company behind the Zodiac brand of inflatable boats, which went into receivership in April. Bruno Cercley, Rossignol's chief executive, has repeatedly said the group was eager to ...
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BLK will work with Uhlsport in some markets
The Australian-based WRS Group has signed a five-year licensing and distribution agreement with Uhlsport for its BLK Sport teamwear, focusing on rugby. Starting on July 1, the German supplier of team sports clothing, which specializes in football, basketball and handball, will offer BLK's core and performance ranges for rugby in ...
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EU extends bicycle anti-dumping duties
The European Commission has applied anti-dumping duties of 48.5 percent on the import of bicycles consigned from Cambodia, Pakistan and the Philippines, whether they are declared as originating in these countries or not. The regulation, applicable from May 18 but with four exemptions, is an extension of the duty imposed ...
