Latest Headlines – Page 321
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Big growth for ECCO in golf shoes
The big Danish shoe company said it raised its sales of golf shoes by 42 percent last year, but failed to provide a volume or sales figure. Driven by the success of its Golf Street line of hybrid golf shoes and its new BIOM golf shoes, the category was particularly ...
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Basicnet offers to buy 22 stores in Italy
Basicnet continues to invest in the retail sector in Italy to consolidate the presence of most of its brands in a difficult market. It has made an offer to take over 22 outlets and discount stores for €440,000 from Fashion Network, an Italian retailer undergoing bankruptcy proceedings that belongs to ...
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Italian investors take over Spirale
An Italian investment firm, AB Group, and the private equity Ersel Investment Club have bought a 73 percent stake in an Italian manufacturer, Spirale, specializing in injection-molded casual footwear. The shoemaker produces rain and after-ski boots under the Spirale name and safety shoes under the Nora brand. In 2011, Spirale ...
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Falke comes back to Serbia
The German market leader in socks is back in the Serbian town of Leskovac with its own factory. The facility, with a surface of 16,500 square meters, was recently inaugurated in the presence of Serbian President Boris Tadic. The company claims that the facility is one of the most modern ...
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Growing Heelys closes its European office
Heelys says it is closing down its European office in Belgium and transferring most of the business to its French and German offices. Finance will be handled directly from the head office in U.S., where the company recently appointed an international controller.The country managers in Germany and France, Dominik Wieder ...
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Easton-Bell sets up a new European office
Easton-Bell has finalized the legal procedures for the establishment of an office in the western part of Switzerland for the Europe, Middle East and Africa region, although it is still looking for the most suitable office space. It is also recruiting new managers for the new EMEA operation, including category ...
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ASG seeks exclusive partnerships with European retail chains
Alan Vickers, the sporting goods industry veteran appointed last year to coordinate the international development of American Sports Goods (ASG), is negotiating exclusive distribution deals for the company's brands – Avia, Ryka and Nevados – with major sports retail chains in various European countries and elsewhere around the world.The new ...
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Local and foreign retailers try out multi-sports formats in China
The tight margins prevailing in the Chinese sports retail market have entailed a significant consolidation, as the two largest Chinese retailers have opened more stores and acquired smaller rivals that could no longer operate profitably.Some sports brands grumble that the situation has reached unhealthy levels, since the share of the ...
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Americans are inspired by the Olympics
The research arm of the U.S. Sporting Goods Manufacturers Association has put out its most recent Study on Sports, Fitness and Recreational Activity Participation, which found that Americans show more interest in being active when there is extensive media coverage of the Olympic Games, especially the Summer Games. A marked ...
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More internet and less Asian sourcing in German bike market
The number of bicycles sold in Germany grew by 1 percent in volume last year to a total of 4.05 million units, mainly due to the continuously growing demand for e-bikes and for high-quality products, said the German bike manufacturers' association, ZIV, at the opening of the VELO Berlin consumer ...
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Design-driven POC sells many helmets, goggles
POC of Sweden continues to collect design awards. It has just obtained the prestigious Red Dot award for the fifth year in a row, this time for two new products. Its EYES Eyewear line is said to focus on performance and optical perfection, and it can be worn for functional ...
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Adidas to make up for Reebok this year
With its current drive and the upcoming international sports events, the Adidas Group is confident of reaching a sales increase at a mid to high single-digit level in constant currencies this year. This rise should be driven by strong performance in emerging markets and the expansion of its own retail ...
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Intersport enters China
Intersport International Corp. has signed a master franchising agreement with Fujian New Huadu Supercenter Co. Ltd., described as the biggest retailer in South China. The agreement calls for the opening of 80 to 100 multi-sport and multi-brand stores with a retail surface of between 1,000 and 1,500 square meters in ...
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Good start for Intersport in 2012
Franz Julen, chief executive of Intersport International Corporation, had expressed cautious optimism for the progress of his retail organization in 2012 (see our issue no. 23-2+3 of Jan. 20). He is now predicting a sales increase of between 3 and 5 percent for the affiliated stores this year, offsetting an ...
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Foot Locker sets more ambitious goals
Energized by continued increases in profitability over the last eight quarters and by an excellent fourth quarter in its latest financial year, Ken Hicks, who became chairman, president and chief executive of Foot Locker two years ago, outlined plans to reach $7.6 billion in revenues by 2016, up from $5.52 ...
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Two dampers in Adidas Group's buoyant quarter
The Adidas group delivered a promising performance for the first lap of its Route 2015 run, with sales and profits above the targets set in its five-year strategic plan started last year – in spite of economic sluggishness in several markets and inflated production costs.The company ended the year with ...
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Full speed ahead on Route 2015 for the Adidas Group
The year marked a strong start for the five-year expansion plan launched by the Adidas Group, which calls for its turnover to reach €17 billion by 2015. This would require the group's sales to increase at a high single-digit rate each year, while earnings are meant to expand at an ...
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Quiksilver’s beats its own expectations
Quiksilver increased sales by 5.0 percent to $449.6 million in the first quarter ending Jan. 31, beating its own expectations thanks to a doubling in e-commerce sales and positive same-store sales. For the first time since the second quarter of 2008 fiscal year, the company's revenues rose in all three ...
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Puma rushuffles managers in Europe and Asia
Puma has made several management changes in its European and Asian operations. All changes will be effective on April 1. Sergio Bucher will be acting as “General Manager Europe,” overseeing wholesale and retail in four key countries: Germany, Italy, France and the U.K. The position had remained effectively vacant ...
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India halts cotton exports
It is not sure whether the Indian government's new measures, which were softened late last week, will lead to higher prices for cotton yarns and fabrics, as they did when the Indian government made a similar move in April 2010. The government announced on March 5 a new ban on ...
