Latest Headlines – Page 320
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Accell in talks for Raleigh takeover
Accell Group is in exclusive talks for the potential takeover of the Raleigh Cycle Group, which would neatly complement the Dutch bicycle and fitness group's assortment with several strong brands that hold sizable shares in the British, Irish and North American bicycle markets.René Takens, chief executive the Accell Group, said ...
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Sport Danmark is to change equity structure
A letter recently sent by Sport Danmark to employees and partners working with its affiliated Sport-Master and Sportsmann Gruppen stores announced plans for a change in the cooperative's business structure. According to the letter, Sport Danmark's current business model of a retail cooperative will soon be converted into that of ...
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Intersport Danmark partners with Ny Form
After losing roughly 25 retail stores following the pullout of the Sport 24 chain from its network last January, Intersport Danmark has formed a new partnership in an attempt to regain lost turnover. The new retail partner is Ny Form A/S, which will soon convert roughly 10 of its locations ...
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Dosenbach-Ochsner defends its market position
Dosenbach-Ochsner, the leading Swiss shoe and sports retailer, suffered – much like its competitors in the country – from the weather and the effect of a strong Swiss franc last year. The total turnover of the company posted a 5.9 percent decline to 893 million Swiss francs (€741.8m-$988.1m) from CHF ...
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SportXX goes online in Switzerland, too
SportXX, the big Swiss retail chain, has just launched its own internet offer at sportxx.ch. The new site is not only a mere platform for online shopping, but it also allows customers to check the availability of items in the company's physical stores. This function will invite customers to drop ...
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Wax and apparel inflate Swix’ sales
Swix Sport Group, the Norwegian winter sports equipment and apparel group, lifted its sales by about 8 percent to 604 million Norwegian kroner (€79.8m-$106.3m) last year, with sizable increases in both equipment and apparel.The sales increase partly stemmed from the acquisition of Toko wax, which Swix bought from Mammut Sports ...
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Airesis sees good progress
Airesis, the Swiss-based parent company of Le Coq Sportif and Boards & More, reported consolidated net income of 5,539,000 Swiss francs (€4.6m-$6.1m) for its shareholders in 2011, up from CHF 4,483,000 in the previous year, in spite of a marginal drop in consolidated revenues to CHF 169.4 million (€140.7m-$187.5m), due ...
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Retailers warn of disruption in Chinese sports market
Just three years into a recovery that required store closures and a large-scale cleanup, the Chinese sports retail market is rumbling again, as increasing costs and weak sell-through are putting heavy pressure on the country's sports retailers and leading to unprecedented concentration.The situation was portrayed in a series of interviews ...
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Leading international brands tackle weak sell-through in China
The issues faced by Chinese sports retailers have been at the center of the strategies deployed by major sports brands in the last months: The international market leaders have launched far-reaching plans to improve their sell-through, while some Chinese brands have nearly halted their expansion plans as they tackle cumbersome ...
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Widening gap with secondary brands in China
The situation has formed a widening gap between the two market leaders and the secondary international brands, such as Puma. The company reported a double-digit sales expansion in China last year, but this comes from a very small basis: While Puma declined to provide detailed figures, our estimate is that ...
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Li Ning adjusts its strategies after a 5.8% sales drop
The tensions in the Chinese retail market were strongly emphasized by Li Ning Company as it confirmed a crash in its profits last year. This was partly due to the fact that the company had to buy back some of its products from retailers, as a means to reduce inventories.The ...
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Under Armour hires an Adidas veteran for its international push
The Baltimore-based sports brand may have become serious about developing its huge potential outside the U.S. It has appointed Karl-Heinz “Charlie” Maurath president of its international operations, with effect from next September. His job will be mainly to expand Under Armour's business in key markets. He will direct the brand's ...
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Russian ski federation will distribute Vuarnet
Vuarnet Sport has developed an interesting partnership with the Russian Alpine Ski and Snowboard Federation. The brand, which is named after the famous French Olympic champion Jean Vuarnet, is going to outfit the young alpine ski champions of the Russian federation through 2014, including their participation in the Winter Olympic ...
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Vibram responds to charges on barefoot running
Vibram has been accused of making “deceptive” statements about the benefits of barefoot running with its FiveFingers shoes by a group of five American law firms that purport to be representing more than 100 individuals with claims of more than $5 million.Their lawsuit, filed in federal court in Massachusetts on ...
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Are shoes better than bare feet for runners?
When it comes to the human body's use of oxygen and its production of carbon dioxide, running with shoes is more efficient than running barefoot. This is the latest finding of the Locomotion Lab at the University of Colorado, which has studied running and walking for decades. The study found ...
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Taiwanese four-in-one formula works out
A new tie-up of four related trade shows was detailed at Taispo, the Taiwanese sporting goods fair, which was held in Taipei last month. The organizers inaugurated a new formula, whereby Taispo started just one day earlier than Taipei Cycle, the large-scale cycling fair. Two smaller, complementary shows were held ...
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Nike enjoys demand but faces inventory issues
After several feeble quarters in Europe, Nike's expansion has picked up again in the region, with a sales increase of 6 percent in constant currencies for the third quarter ended Feb. 29. The brand's sales in Western Europe reached $962 million in the quarter, up by 4 percent in reported ...
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German Intersport will go online in special ways
On March 19, the general assembly of Intersport Deutschland approved with a vote of more than 80 percent an initial plan to go into multi-channel retailing, including online sales, probably starting with the spring of 2013.The new evisaged e-commerce platform is rather unique due to the fact that Intersport Deutschland ...
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Adidas Group buys Adams Golf
The Adidas Group is reinforcing its position as the world's No. 1 player in golf by acquiring Adams Golf for $10.80 a share or a total of $70 million, a price that represents a premium of about 71 percent on the share price prior to Adams' announcement on Jan. 4 ...
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Golfsmith is apparently for sale
The consolidation of the golf sector is far from over. The latest income statement of Golfsmith International shows that the U.S. company spent $1.3 million in the fourth quarter of 2011 exploring a strategic transaction and its possible sale, contributing to a net loss of $5.6 million for the period, ...
