Latest Headlines – Page 293
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Rider is set to run Karstadt Sports
A British industry veteran, Simon Rider, is set to steer the Karstadt Sports chain of 28 large sporting goods stores in Germany in the future. After running Converse for six years in the U.K., the executive was president and chief executive of Foot Locker Europe for five years. He also ...
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JD fares well
In an interim report for the first 18 weeks of its current financial year through June 8, JD Sports Fashion says the group's performance was in line with market expectations. In the U.K. and Ireland, the group's sports retail chains delivered a 7 percent increase on a comparable store basis ...
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Lafuma reorganizes after a big loss
While reporting big losses and confirming major sales declines for the first half of its financial year, ended on March 31, the Lafuma Group announced a reorganization of its outdoor activities, involving the elimination of 78 jobs and the transfer of 46 others from its head office at Anneyron to ...
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Billabong changes the subject of takeover talks
Confirming a previous report, Billabong International said it is in discussions to sell West 49, the action sports retail chain it owns in Canada, which has more than 70 stores. It could not be determined whether Zumiez is in fact the partner in the discussion, as we was previously reported ...
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Quiksilver slashes costs but takes quarterly sales and margin hit
While its restructuring plan is well underway, the Quiksilver group still suffered declines in both sales and margins for the second quarter of its fiscal year, to the end of April. Sales were worst hit in Europe but margins fell across all the regions as Quiksilver offered ample discounts.The group's ...
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VF updates its growth forecast
VF Corporation sees major growth opportunities for some of its brands, especially for The North Face, Vans and Timberland, which belong to its Outdoor & Action Sports Coalition. With sales of $1.9 billion in 2012, TNF had a share of only 8 percent in the global outdoor market, according to ...
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Under Armour is serious about international
Under Armour will open an office in Manchester for the British market next month, setting up its own sales team for the country, but it will keep its successful local agent for sales in the golf segment. Germany should be next in line for Under Armour's takeover of the distribution, ...
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New CEO for Le Coq Sportif
Frank Heissat is returning to his native France to run another sponsor of the Tour de France. This passionate triathlete is leaving as vice president and general manager of Oakley for Europe, the Middle East and Africa (EMEA) to become chief executive of Le Coq Sportif, effective July 1. Heissat ...
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New Westbeach chief wants to double sales
Ed Seymour, who has been at the helm of Westbeach for the last six years, has stepped down and left the Canadian snowboarding apparel brand. Seymour joined Westbeach as global sales director and then became its chief executive at the start of this year.His job has been taken over by ...
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Positive recent trends in the French sports market?
The sporting goods market continued to outperform the generally poor consumption climate in France over the past few months, according to NPD. Providing a glimpse into its new monthly retail audits in this country, which are based on a sample of about 1,000 stores, the international market research firm reports ...
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Cold weather and good numbers in Norway
First-quarter sales of sporting goods in Norway increased by 0.7 percent to 2.655 billion Norwegian kroner (€345.2m-$458.2m) when compared to the same period in 2012, according to Sportsbransjen, the sporting goods industry association in the country. The sales increase can mostly be attributed to the cold and sunny winter weather ...
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The Ispo Academy travels around the world
Ispo is expanding its Ispo Academy program of conferences, intended to make vendors and retailers more competitive, by organizing new events throughout the year. After a successful launch of the first Ispo Academy seminars at the Ispo Munich and Ispo Beijing shows earlier this year, the first off-show Ispo Academy ...
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Fenix Outdoor grows by 9% in quarter
While its Swedish sales declined slightly, the Fenix Outdoor Group still lifted its turnover by 9 percent to 439.3 million Swedish crowns (€51.1m-$66.4m) and sharply raised its profit for the first quarter of this year, as it continued to expand in eastern European countries and in the United States. The ...
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Lowa remains strong in a rapidly changing market environment
The German outdoor footwear company managed to lift its total consolidated sales to €140.0 million in 2012 compared with €139.0 million in the previous year. The figure includes sales at the subsidiaries in the U.S., Switzerland and Austria. The turnover of the German operations alone was slightly down to nearly €120.1 ...
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Workers in Cambodia and Bangladesh are still under the spotlight
The labor situation in the low-cost factories of Cambodia and Bangladesh is still unsettled, and it is escalating in Cambodia. The management of Sabrina Garment Manufacturing in Cambodia, which makes clothing for Nike, Lululemon Athletica and Wilson, fired 415 workers because of their participation in labor strikes, joining thousands of ...
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Sports Direct enters Austria and the Baltics
Sports Direct International announced earlier this week the acquisition of majority stakes in Sports Eybl & Sports Experts (EAG) and the Sportland International Group, which are the major retail players in Austria, Estonia, Latvia and Lithuania. The move will widen its retail presence outside the U.K. to a total of ...
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Team Sportia in trouble
Team Sportia is in financial trouble. Due to declining liquidity, the Swedish sporting goods retailer has been granted by a court the right to suspend payments to creditors, pending a corporate restructuring process.In its application for bankruptcy protection, Team Sportia said that it had suffered a loss of 27 million ...
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Big loss for Intersport in Sweden
Intersport Sverige has reported a net loss of approximately 118 million Swedish kronor (€13.7m-$17.9m) for 2012, compared with a profit of just under SEK6 million in 2011. The main reasons for the loss, according to the company, were the relocation of a warehouse in the course of last year and ...
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Stadium is not going to go public
Stadium, the leading Swedish sports retailing group, appears set to remain in private hands after Ulf and Bo Eklöf reaffirmed their partnership with Ikano, the holding company of the Kamprad family, which controls Ikea. The Eklöfs, the brothers who established Stadium, sold a stake of 25 percent to Ikano in ...
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New quarterly record for Foot Locker
With its previously announced acquisition of Runners Point Group (RPG), Germany will become the biggest European market for Foot Locker after the deal is completed, overtaking Italy. While commenting on its splendid results for the first quarter ended May 4, Foot Locker's management said it will continue to operate multiple ...
