Latest Headlines – Page 338
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The Finnish market grew by 5.4% last year
Sporttimyyjä, the leading trade magazine for the sporting goods business in Finland, estimates that the market grew by 5.4 percent to €1,115.9 million in 2010. Kesko's Intersport and Kesport stores continued to lead the market with a combined turnover of €320.5 million, followed by Prisma with €128.0 million and Sportia ...
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Bids for Elan will end this week
Investors interested in acquiring Elan have until the end of this week to express their interest to PricewaterhouseCoopers, which was retained by Elan earlier this year to organize the sale of the Slovenian ski and nautical company. The company indicates that the cash-in element of the purchase price, in the ...
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Kneissl: to pay or not to pay, that’s the question
An Austrian court issued a ruling on June 3 that sees the bankrupt ski manufacturer get another chance to be rescued. The legendary Austrian sporting-goods company and its subsidiaries went into receivership in February after creditors, including a Vienna-based textile supplier, appealed for insolvency procedures at a point when Kneissl ...
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French pull out of Fedas
At its recent annual meeting in Rome, the members of Fedas, the European federation of sporting goods retailers, agreed to work more closely with Fesi, the European federation of the sporting goods industry. The two bodies will discuss the terms of their cooperation in the next few months, including the ...
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Intersport France has ambitious goals
The new management of the Intersport France group has laid out a new business plan intended to raise its market share from 13 to 20 percent in the next four years. In the mountain resorts, it wants to grow from 20 to 25 percent of the market, but the cooperative ...
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Intersport develops specialization in Switzerland
The Swiss licensee of the banner, Intersport PSC, has formed a unit of retail members who will commit to providing a comprehensive offer of outdoor products to their customers. Intersport supports them with a variety of marketing tools, for example with a custom-made flier that mainly promotes the individual shop. ...
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Karstadt Sports performs well, splits from the group
A report in Textilwirtschaft, which could not be confirmed, indicates that the Karstadt Sports banner performed better than the rest of the Karstadt group in the fiscal year ended Aug. 31, 2010. While the group's net sales were down by 8.1 percent to about €3.3 billion, those of its sports ...
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JJB sees no recovery before three years
The restructuring of JJB Sports will not be easy, due in part to intense competition in the British sporting goods market, and the recovery will most likely take three to five years. That's what Mike McTigh, who became chairman of the company last Dec. 23, said in presenting its results ...
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Golf Europe is postponed
There will be no Golf Europe fair this year. Originally scheduled for Aug. 28-30, much earlier than usual in order to attract more softgoods brands, the project has failed to attract a sufficient number of participants to make it profitable. Attendance was also expected to decline because of holidays in ...
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New sales structure for Callaway in Europe
Nick McInally, currently the marketing director of Callaway Golf for Europe, the Middle East and Africa, is to going to be reassigned as of July 1 to the new position of European commercial director, heading up all sales activities throughout the EMEA region. McInally has been with the company since ...
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U.K., Spain hurt Quiksilver’s sales
The Quiksilver group suffered an underlying sales decline of 4 percent in Europe in the three months until the end of April, due to shrinking sales in the U.K. and Spain. However, the company enjoyed robust growth in countries such as Germany and Russia, and European orders are up for ...
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Lafuma reports new momentum for Oxbow
Represented by Oxbow, the surf segment of the Lafuma Group was the only one that registered a rather significant sales drop, falling by 5.5 percent to €30.1 million in the six months ended on March 31, while the group as a whole stopped the negative trend of the past two ...
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South Africa is Puma’s 12th African team
The South African Football Federation, which was previously sponsored by Adidas, is going to endorse instead Puma, starting immediately and lasting beyond the next two Fifa World Cups. Puma officials declined to put a figure on the contract, which raises to 12 the number of African football teams sponsored by ...
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Adidas expects an ROI from the London Olympics
Adidas estimates that it will earn about £100 million (€112.2m-$164.2m) in four years from the sale of merchandise related to the 2012 Olympics in London, which it has already launched in the U.K. market.The company is spending roughly the same sum to sponsor the event – including the cost of ...
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Concerns over the workings of Fifa
Adidas expressed concern about the corruption scandal that rocked Fifa a few days ago, saying that it wanted to remain a partner of the organization but that the row over alleged bribes was distressing for football and Fifa's partners. Adidas has paid about $250 million for its partnership with Fifa ...
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Burrda of Qatar eyes the international team sports market
Burrda Sport, a new brand of team sports apparel supported by Qatar funds, is starting to spread around Europe through a slew of licensing and distribution agreements, as well as sports marketing deals. After a launch in the U.K. last year, it will be introduced shortly in France, Belgium, the ...
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Eurazeo buys 45% of Moncler
A French investment company, Eurazeo, has agreed to buy a 45 percent stake in Moncler, the leading Italian producer of luxury down jackets and outerwear, for €418 million. The deal, which is scheduled to close in the third quarter of 2011, puts an end to Moncler's plans to hold an ...
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Maui Jim buys Zeal Optic
Maui Jim, a growing brand of sunglasses based in California and Hawaii, has entered a promising new market segment by acquiring Zeal Optics. This rather sophisticated sports eyewear company, based in Boulder, Colorado, specializes in the development and manufacture of snow goggles with a built-in GPS that measures altitude, skiing ...
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Will Na Li stir up the Chinese tennis market?
Babolat made a big coup at the Roland Garros tennis tournaments ended last Sunday, where it was the official supplier of the balls under a new five-year contract as well as the sponsor of the winners of the men's and women's finals. Elated by the sixth victory obtained at the ...
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Growing trade show in Valencia adds bikes
The organizers of the Sports Unlimited trade show in Valencia were very pleased with the results in the third year of the event. The Spanish fair, which can best be described as a negotiating forum, aims to bring together vendors and retailers and to offer them an opportunity for better ...
