Latest Headlines – Page 360
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Store Shutdowns And Czech Pullout Cost Lifestyle Sports €26 Million
Lifestyle Sports, which has been the leading sports retailer in the Republic of Ireland, suffered a heavy strategic and financial setback earlier this year as it resolved to pull out of the Czech Republic and to close down most of its stores in Northern Ireland. The company acquired the City ...
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United Brands Is Expanding Its Reach
United Brands of Belgium is expanding both its retail and wholesale operations. The group is targeting sales of about €40 million in two years’ time, on the back of organic growth as well as store openings. United Brands should have featured in our European retail chart for last year, ...
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Adidas Shifts Some Managers Around
Winand Krawinkel, marketing manager for Adidas’ Sports Performance and Sports Style ranges in Italy, will move to Cape Town at the end of the year to become managing director of Adidas South Africa. Krawinkel moved into the sports business as managing director of Fifa Marketing and joined Adidas four years ...
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Intersport Continues Its Association With Uefa
Intersport has signed a deal to continue its association with UEFA and Adidas for the 2012 Euro Cup football tournament, due to be staged in the Ukraine and Poland, as well as for the 2016 Euro championships in France. As in 2008, Intersport will be the official sports shop of ...
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Amer Sets Solid Goals For Future
Amer Sports has set out a strategy for future growth and improvement, setting new financial targets under its new chief executive, Heikki Takala, the former Procter & Gamble official appointed to replace Roger Talermo after many years as of last April. At a Capital Markets Day in New York last ...
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Technogym’S First-half Sales Up 21%
Technogym booked a 21 percent increase in first-half revenues to €150 million, thanks mainly to strong gains in emerging markets, and the group’s gross operating profits, Ebitda, increased by 25 percent. The company expects to finish the full year with sales of about €350 million compared with €305 million a ...
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Vickers Wants To Establish Nautilus’ Home Fitness In Europe
Having sold off its commercial fitness business, Nautilus has appointed a seasoned industry veteran, Alan Vickers, as director of international retail and business development, with goal to set up a new sales structure for the distribution of the U.S. company’s lines of home fitness equipment in Europe and other parts ...
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Peak Sets Up An Office In France
After several years of preparations, Peak Performance established its own business in France, in Sallanches, at the beginning of July. The unit is headed by Nicolas Kiffer, former manager at Plein Nord, which was the Swedish brand’s French agency for seven years. Kiffer remains involved in the management of Plein ...
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Norwegian Company Has New International Aspirations
Skogstad, a sports apparel brand that has been selling only in Norway so far, will strive to move into other markets by displaying its products at Ispo next year. The company is hiring an international sales manager who will be targeting other Scandinavian countries and Germany. Owned entirely ...
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Hong Kong Company Is Taking 31% Share Of Li Ning
Coolpoint Energy, an environmental technology provider in Hong Kong, has entered an agreement to buy a 30.9 percent stake of Li Ning Company. Coolpoint, which will change its name to Viva China Holdings, will provide services related to brand or product endorsement, sponsorship, and event management. The deal is contingent ...
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Crocs Looks Overseas For Better Bottom Line
Having made a recovery, Crocs is now looking to increase its profitability, and to do so it is looking outside the U.S. It already makes about 61 percent of its sales from international markets, but plans to expand its network of company-owned locations to more than 400 by the end ...
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Volcom Lays Out New Targets
Doug Collier, chief financial officer of Volcom, represented the company at the Goldman Sachs Retail Conference held in New York on Sept. 15, where he discussed strategic initiatives for the long term. He introduced Volcom’s “550/50/15” plan, whereby the company should reach revenues of $550 million by the end of ...
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The Big British Golf Market Remains Problematic
Hopes that the U.K. golf market would recover in 2010 were quickly dashed by the very cold weather at the start of the year, paired with continued economic sluggishness. In many parts of the country, snowfalls made it hard to play until the end of March, and retailers could not ...
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Euro Parliament Studies Mandatory Origin Labeling
The committee on international trade of the European Parliament will meet on Sept. 29 to discuss and vote on proposals to impose mandatory origin labeling in the European Union for some products manufactured outside the union. The list of these products should include all kinds of footwear and apparel, including ...
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E-bikes Keep Netherlands Market Afloat
The Dutch bike market had a tough time of it in the first half of 2010, hurt by poor weather in April. Revenues didn’t decline as much as they could have, however, thanks to the higher prices of electric bikes. RAI, the industry association in the country, and Bovag, the ...
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Sports Play Bigger Role In England
A new study out by Sheffield Hallam University, conducted for Sport England, has found that sport has expanded its role in that country’s economy to account for 2.3 percent of all consumer spending and 1.8 percent of employment. This is a bigger role than it has played in the last ...
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Swedish Buying Group To Acquire Sportex
Swedish sports retailing is undergoing yet more changes this month with the acquisition of Sportex, an integrated retailer with two banners, by Team Sportia. This buying group was already the third-largest sports retailer in Sweden with 112 stores and sales of nearly 2.4 billion Swedish kronor (€258.6m-$328.9m) last year, but ...
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Berggruen Has Won The Karstadt Race
In the end, the showdown about Karstadt’s future was a thrilling one between the would-be new owner, Nicolas Berggruen; the receiver, Klaus Hubert Görg; and the creditors of Highstreet, a company that is the landlord of the real estate of the department store retailer. The major dispute was about the ...
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E-commerce Takes New Shapes At Intersport
The Intersport organization in the U.K. has decided to start selling online later this month through one of its retail members, The Hut. In a unique arrangement, The Hut will operate the Intersport.co.uk web shop, holding the inventory and cashing in the revenues, but Intersport U.K. will control the front-end ...
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Retail Provides Growth For Sports Direct
Sports Direct International has announced that for the 13 weeks ending July 25, group total sales rose by 8.8 percent to £408 million (€495.7m-$630.4m). The gross profit margin increased by 3.4 percentage points to 45.3 percent. On the retail side, revenues grew by 11.6 percent to £365 million (€443.5m-$564.0) ...
