Latest Headlines – Page 328
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Lex’ retailers tell Asics what is the law
Lex is the Latin word for law, but in Germany's running scene Lex stands for Laufexperten (“running experts”), a big group of highly qualified retailers specializing in the running segment. Currently the Lex group counts 67 shops across the country.The cooperative has announced that Asics will no longer be one ...
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Oakley licenses Trimera for swimwear
Oakley has granted a global license to Trimera Group of Montreal for lifestyle and athletic women's swimwear and related accessories such as cover-ups, hats and bags. The company's Oakley-branded products are scheduled to become available at retail from November 2012 or January 2013. They will use an exclusive fabric intended ...
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British golf industry veteran launches his master agency
Andy Bough, a veteran of the golf business based in Scotland, has replaced Powakaddy as the master agent in the U.K. for GolfBuddy, the U.S. brand of hand-held GPS-based measuring devices for golf ranges. His new company, Cactus Brand Partners, has also become the master agent in the U.K. and ...
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The winners of the Ispo BrandNew Awards
After going through the applications filed by 269 young enterprises from 27 countries for close to 10 hours, a 14-member jury picked a company from San Sebastián, Spain, as the overall winner of the Ispo 2012 BrandNew Awards. The overall winner was Wavegarden, a startup that has developed a special ...
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Swiss industry wants the Swiss to buy Swiss
Acting through their respective national trade associations, Spaf and Asmas, sporting goods brands and retailers operating in Switzerland have joined forces to organize and finance a massive nationwide communication campaign, telling Swiss people that they should buy their products in Swiss stores. The aim is to discourage them from buying ...
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Blacks and JD predict a tough Christmas season
Citing weakening marketing conditions, Blacks Leisure Group predicted that its results will be below expectations and that it will thus need additional funding to execute its strategic plans, notably by strengthening its capital structure among other options. The announcement sent the value of its shares on the London Stock Exchange ...
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Foot Locker starts new initiatives in Europe
After launching an e-commerce operation in the U.K. in 2008 with satisfactory results, Foot Locker started a soft launch of its e-commerce platform in Germany, France, Belgium and Luxembourg last Nov. 14, and the program will be gradually expanded across Europe. Foot Locker is offering free shipping for any orders ...
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More financing for Russian web shop
Heverest.ru, which describes itself as the largest online hypermarket in Russia, offering more than 15,000 items for active recreation and sports, has secured $1.4 million in additional funding for its development from a couple of financial investors, Rollingahead and eVenture Capital Partners.That will take its equity up to about $2 ...
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NPD looks at online retailing
The NPD Group has released a report on online sales of sporting goods in Europe's “Big 5” countries – the U.K., Germany, France, Spain and Italy. Taking sports footwear and apparel together, in the 12 months through the end of September, online sales reached €2.6 billion. The total doesn't include ...
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Décathlon’s parent invests in foreign firms
Oxylane Group, the parent company of Décathlon, continues to make investments in other sporting goods companies. After buying a stake in a French specialist retailer for scuba diving products a few months ago, called Au Vieux Plongeur, it has acquired a minority stake in a German specialist in road cycling, ...
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Indian sports retailing to open up
Indian retailers are bracing themselves for a shakeup, after their government finally approved foreign direct investment (FDI) in retailing last week. The decisive move could have far-reaching consequences for sports retailing in India, which has hardly seen any foreign investment so far.The rules previously dictated that foreign investors could only ...
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Rossignol makes new investments
Having restored its profitability during the past financial year, Groupe Rossignol has decided to modernize its two big factories in France and Spain to reinforce its competitiveness. The first stage of the investment program, which will have a total cost of €10 million, will be deployed between now and April ...
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Two Fibos fight for the Spanish market
Inés Ledo is trying to resurrect a Spanish fitness exhibition that she ran for many years, calling it Fibo Spain. However, a statement by Reed Exibitions, which organizes the big international Fibo fair in Germany as well as the Spanish Sports Unlimited fair in Valencia, said it has started legal ...
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Ispo is going for new records
Messe München, organizer of Ispo Munich and Ispo Beijing, indicates that it will attain new records for the industry's participation in both. It is also announcing a new format for its Ispo Awards.As previously indicated, by the end of October, the number of exhibitors signing up for the Munich show ...
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Brazil’s plans against trade circumvention of AD duties get challenged
A group of major athletic footwear companies filed a formal complaint a few days ago, challenging the anti-circumvention investigation introduced by the Brazilian government recently into the shoes and components imported into the country. The complaint questions a request by Abicalçados, the Brazilian shoe industry association, to extend the ...
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European shoe importers want money back for AD duties
A special arbitration panel, set up by the World Trade Organization in July 2010 to examine Chinese complaints that the European Union had violated some of the WTO's guidelines in assessing anti-dumping duties on imports of leather shoes from China, has found some inconsistencies in the process that led the ...
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Accell is hit by discounting
While confirming a previous forecast of higher sales and profits for the current financial year, Accell Group's management said that bicycle sales have been below expectations over the past months due to poor weather conditions during the summer and the general economic situation. The only significant market showing growth has ...
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Diving recovery helps Johnson Outdoors
The diving and outdoor units at Johnson Outdoors both suffered from lower sales in the last quarter of the company's fiscal year, through the end of September, but this was more than made up for by higher sales of marine electronic products. The American group ended the quarter with sales ...
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Puma publishes its environmental results
Taking an unprecedented step that can only improve its image as a pioneer in the area of sustainable development, Puma disclosed Wednesday the first set of figures that quantify the environmental impact of five major elements throughout its supply chain: greenhouse gas emissions, excessive water use, excessive land use, air ...
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Bailo merges with Vist
The two Italian companies are merging into a new group, due to be called Officine Italiane, that will allow them to offer a complete range of snow and outdoor sports products and to generate synergies at various levels, including product development and international distribution.The goal is to reach combined consolidated ...
