Latest Headlines – Page 305
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Eight companies get Ispo's BrandNew Awards
A high-ranking jury has picked the winners of next year's Ispo BrandNew Awards. Like their predecessors over the last years, some of which have become important players in the market, they will all enjoy free exhibition space in a show within the show at Ispo Munich on Feb. 3-6.The award in the winter hardgoods category ...
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Italian kids are encouraged to exercise
Assosport, the Italian sporting goods industry association, has collected €80,000 for an initiative intended to promote sports participation among children under the age of 12 whose families don't have enough money to pay for their registration in a sports club. The funds were collected through an auction on eBay of ...
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JD launches a more technical format
JD Pro is a new chain of sporting goods stores for the U.K. market that is intended to fill the void left by the demise of JJB Sports. They will be more performance-oriented than the JD format of the JD Sports Fashion group, which are more into sports fashion. Run ...
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JJB owes millions of pounds to Adidas, Nike, Umbro
JJB Sports reportedly owed its creditors £210 million (€259.9m-$336.5m) when it went into administration – a British form of receivership – last month. According to a statement of affairs filed by administrators at Companies House and reported in the British press, the company owed more than £10 million (€12.4m-$16.0m) to ...
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Foot Locker grows strongly worldwide, but Europe is sluggish
Foot Locker reported a 61 percent increase in net income to $106 million for the third quarter ended Oct. 27, thanks in part to a $9 million tax benefit from a foreign audit. Global revenues grew by 9.3 percent to $1,524 million, with a rise of 11.0 percent in local ...
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Migros’ fitness chain expands into Germany
A few days ago, Elements, the chain of high-end fitness gyms owned by the Zurich section of the Swiss Migros retail cooperative, opened its first studio in the heart of Munich. This health, wellness and fitness center and other gyms that will be set up by Elements in Germany are ...
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ANWR takes over the Dutch Sport 2000
After several months of talks, the Ariston-Nord-West-Ring Group (ANWR) has taken over the Sport 2000 license in the Netherlands. Eighty Dutch stores carrying the Sport 2000 banner are to become members of Fair Play International Sports, which is part of the recently merged ANWR-Garant organization in the Netherlands.The takeover comes ...
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Globe gets a takeover offer
Globe International has joined Billabong International and Rip Curl on the list of surf and skate companies that are being explored for a possible acquisition. The Australian company announced on Nov. 16 that it had received an unsolicited takeover offer from Mariner Corporation. The offer, which is scheduled to remain ...
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Elan to appeal EU fine
Elan's management said that the Slovenian ski company and the country's government had both decided last week to appeal an order issued by the European Commission in September that Elan should reimburse a capital injection of €10 million it received from state-controlled shareholders in 2008. They will file an appeal ...
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Alpargatas buys Osklen
The Alpargatas group, a former Brazilian distributor of Nike that owns the Havaianas brand of rubber sandals and other operations, is moving further into the lifestyle segment through an agreement to buy a 30 percent stake in a Brazilian sportswear brand, Osklen, with an option for a further 30 percent ...
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Amer reshuffles its Chinese organization
Amer Sports' Chinese subsidiary, Amer Sports Shanghai Trading Company, is set to establish its own sales organization for the Chinese market in 2013, and it will go direct with the new structure next year in order to bundle the sales activities of the Finnish group's outdoor brands under one roof.Beijing ...
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Hummel’s focus and service levels pay off
Hummel, the Danish team sports brand, is reinforcing its management structure in Germany as it continues to expand swiftly around Europe, distinguishing itself as one of the brands that managed to carve a sizable market share for themselves by doggedly focusing on their specialty.Stefan Kock, former sales director for performance ...
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New CEO to redress Cross Sportswear
Niclas Valfridsson started earlier this month as the new chief executive of Cross Sportswear, the Swedish ski, outdoor and golf apparel brand. Valfridsson was previously the chief executive of a Swedish watchmaker, Sjöö Sandström, which he turned around.The appointment comes after Cross suffered a sharp decline in sales, down to ...
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Le Coq and Boards & More ride high
Le Coq Sportif predicts that its apparel sales will double this year, following its return to the Tour de France as an official kit supplier, gaining large-scale exposure on the event's jerseys. While Le Coq has turned into a sports lifestyle brand, it started off more than eight decades ago ...
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The weather plays havoc with Easton-Bell
European sales were down by 4.7 percent in the first nine months ended on Sept. 29, including a 15 percent dip in the third quarter, largely due to a difficult snow sports market. Sales of Giro snow sports products in the U.S. and Europe fell by 30 percent in the ...
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Heelys reports flat sales and a loss
Heelys has reported unchanged consolidated revenues of around $6.6 million for the third quarter ended Sept. 30, but the net loss increased to $2.4 million from the net loss of $1.5 million booked in the third quarter of 2011. Domestic sales increased by 17.3 percent, mainly due to the new ...
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Exceed’s sales and profit decline
Exceed's revenues decreased by 48.1 percent to 553.3 million yuan renmimbi (€68.7m-$88.9m) in the third quarter ended Sept. 30 compared with the same period last year. The gross margin dropped by 2.0 percentage points to 27.5 percent. The net profit for the quarter was off by 79.0 percent to RMB ...
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The EU finalizes a new GSP trade scheme
The European Union has released information on the changes it is making to its Generalized System of Preferences (GSP) for developing countries, a system that has been in place since 1971 to allow exporters from developing countries to pay lower duties on some or all of what they sell to ...
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Freddy launches a new fit for women
After inventing a new category of sports and lifestyle garments called “sloungewear,” Freddy, the Italian fitness and dance apparel company, has successfully launched a new concept in women's trousers, called WR.UP, that re-models and re-shapes the silhouette, giving women a trendier and more seductive look. Thanks to the new product, ...
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Quiksilver makes sunglasses from skateboards
Quiksilver has collaborated with Javier Mendizabal, a professional skateboarder sponsored by the international surf and skate company, to create a limited series of 50 pairs of sunglasses that are made by hand with materials taken from broken or recycled skateboards. The proceeds will be donated to the skateboarding community of ...
