Latest Headlines – Page 389
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Karstadt: Exitus Or Rather ‘Kaufstadt’ Ante Portas?
Herbert Hainer, the chief executive of the Adidas Group, has his moments. He gave proof of his visionary approach to sporting goods retailing in a speech before the members of the German Sport 2000 when the buying group celebrated its 25th anniversary in Berlin in 2004. The speech was written ...
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Foot Locker Delivers Better Margins
Foot Locker is investing again in its profitable and growing European business. It plans to add 10 to 15 more stores to its European network of 512 doors this year, and most of the increase in total square meters will come from outside its domestic U.S. market. The American said ...
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Good Winter Didn’T Save Sports In The Netherlands
The largest Dutch buying groups for sports retailers delivered contrasting performances amid a sports market that shrank for the first time in several years, in spite of the bonanza that came with the ice at the end of the year. Mitex, the Dutch retail trade organization, quit monitoring the ...
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French Rental Ski Company Looks To America For Its Next Move
While it continues to expand in Europe, Skiset is moving into the American market. The leading French organization for rental ski stores is setting up a subsidiary in Colorado, targeting 70 members for 2009, and 160 members in the second year. Skiset hired Tony Lyle, former sales and marketing ...
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A Tuscan Chain Experiments A New Way To Grow Nationally
Inaugurating an interesting new business model in Italian sporting goods retailing, Universo Sport, one of the leading specialty sports retailers in the region of Tuscany, has entered the neighboring region of Emilia-Romagna through a special new kind of management contract with a big established sports retailer, Maicol Sport. Occupying ...
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Golfsmith Buys Macgregor Golf Assets
A major American golf retailer, Golfsmith International Holdings, has acquired the rights to the venerable MacGregor Golf brand in the Americas, Europe, Australia, New Zealand and Africa. Golfsmith said the 112-year-old brand will further solidify its own proprietary brand of golf products, without any reduction in its premier brands. Asia ...
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Reusch Moves To The Italo-austrian Border
Reusch is moving its head office from Valencia in Spain to the Italian city of Bolzano, capital of South Tyrol, close to the border with Austria and to the alpine ski slopes. Jürg Buchmeier, managing director of the company, will move there along with almost all the members of his ...
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Lowa Takes A Stronger Role In Tecnica
The Tecnica Group has re-arranged its distribution in Switzerland. Effective January 2010, Lowa will be in charge of the distribution of Tecnica and Blizzard, which will enjoy a joint presentation in the Swiss market. On the other hand, Nordica-Rollerblade will farm out the distribution of Think Pink to Oechslin, a ...
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Helly Hansen Scored Well, Remains Optimistic
Sales grew by 2.5 percent in 2008 for Helly Hansen, or by 5 percent in constant currencies, reaching 1,489 Norwegian kroner (€168m-$232m), or about two billion NOK (€225m-$312m) including licenses. Earnings before interest, tax, depreciation and amortization (Ebitda) went up by 29 percent to 152 million NOK (€17.1m-$23.8m). While ...
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Asics Gains Market Shares In Europe, Pushes Onitsuka Tiger Apparel
Asics has reported that its annual turnover for the fiscal year ended March 31 grew by 7 percent to 241.9 billion yen (€1.8bn-$2.6bn). The Japanese apparel and footwear company’s consolidated annual net income was nearly flat at ¥13.085 billion (€98.8m-$138.0m), compared with the ¥13.095 billion in the prior year, but ...
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Heelys Will Stay Independent Despite A Big Sales Drop
Turnover at Heelys suffered another drop for the first quarter ended March 31, falling by 29.8 percent to $9.2 million compared with the same period in 2008. However, the company boosted its gross profit margin by 9.3 percentage points to 29.8 percent. The final result was a loss of $1.3 ...
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Swim Body Turns Down Some Hi-tec Suits
The International Swimming Federation (Fina) has rejected 10 swimsuits for not passing its tests of buoyancy and thickness and has given manufacturers 30 days, until June 19, to re-submit samples of 136 other swimsuits after making corrections in line with its charter. It did so at a meeting in Lausanne ...
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Italy Extends Bike Incentives
The Italian government has decided to extend incentives for bicycles and e-bikes and expects that the funds will lead to the purchase of 120,000 new units. The environment ministry said that that it will add €10 million to finance the incentives after the previously allotted €8.75 million was spent. The ...
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Outdoor Show Is About To Break Last Year’S Record
As of May 13, Messe Friedrichshafen has reported a total number of 779 exhibitors from 39 nations booked for the OutDoor show that takes place from July 16 through 19. These exhibitors represent more than 1,000 brands, and nearly 80 percent of them are from outside Germany. While there are ...
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New Ceo For Fila Emea
His name is Emanuele Pedrotti. The 45-year-old Italian management consultant replaces Jan Valdmaa, who has become the new chief executive of O’Neill, as reported in the last issue. Valdmaa acted as CEO of Fila EMEA on an interim basis, after the departure last year of Stefano Di Martino, and he ...
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Adidas Takes New Action To Cut Costs
After a rough first quarter, Adidas Group has started implementing cuts that will cost about €100 million and another 500 to 600 jobs by the end of the year. The restructuring moves, which were accelerated due to the economic downturn, are meant to yield annual cost savings of more than ...
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Adidas Is In For A Rough Year
Adidas Group’s sales dropped slightly and its earnings nearly evaporated in the first quarter of this year – although this collapse was caused to a large extent by one-off hits – and the management warned that its results were bound to deteriorate this year. The Adidas group was hurt ...
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Npd Found Big Declines In The European Market In 2008
By courtesy from the NPD Group, which is developing new market research services in the sporting goods sector to suit the needs of all kinds of companies, we are publishing here the general figures that it has compiled for the sports footwear and apparel markets of the five major European ...
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Puma May No Longer Be That Sexy, But Is Still Very Strong
It seems the time has passed when this sport and lifestyle brand regularly showed strong double-digit growth, but Puma – given the difficult economic environment – still manages to present impressive figures in terms of operating profit and cash. In the first quarter of 2009, its global branded sales, which ...
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New Structure At German Intersport Aims To Better Serve Its Members
The German Intersport organization has announced major changes in its internal structures. The group, directed by Klaus Jost and Kim Roether, has installed a new business unit in charge of distribution. The idea behind the plan is to steer the headquarters even more into the direction of being market- and ...
