Latest Headlines – Page 402
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Shifts In Leadership At Jjb Sports
Sir David Jones, the highly respected deputy chairman of JJB Sports, is moving up to become executive chairman, replacing Roger Lane-Smith, who moves over to be non-executive deputy chairman. Chris Ronnie will remain chief executive of the group. Jones has been CEO and chairman of Next and had chairman positions ...
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Ashworth Employees To Go In Wake Of Taylormade’S Purchase
TaylorMade-Adidas Golf has announced that it will be eliminating 170 jobs in the wake of its acquisition of Ashworth. The company plans to make the cuts, which equal about 8 percent of the new combined workforce, through layoffs and attrition in the Ashworth division over the next 12 months. A ...
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Ceo Steps Down At O’Neill
Andreas Adenauer, chief executive at the O’Neill Group, left the company at the end of 2008 over disagreements about the pace of reforms to be introduced within the company after its takeover by Logo International, a Dutch fashion company. Tom Heidman, CEO of Logo International, will steer O’Neill in the ...
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Dkb Will Launch Budweiser Skiwear
DKB Consulting, a 4-year-old Italian company specializing in the development of high-performance sports apparel for ski and golf, has signed a licensing deal with Anheuser-Busch for the development of a line of technical clothing for free-ride skiing that can also be worn in the city. The line will be presented ...
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Ispo Study Seeks To Keep Skiing Alive
A study commissioned by ISPO on “The Future of Skiing” has many suggestions to keep the sport alive in the next 50 years despite climate, demographic and environmental changes. The problems that were foreseen included that aging of the population, to the extent that by 2050 a third of ...
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Innovation, Design And Ecology Are Praised In Ispo Brandnew Awards
In examining the nearly 300 entries for the February 2009 ISPO BrandNew Awards, a jury has chosen the eight winners in addition to 40 finalists. The 18 sporting goods industry and sports press representatives who made up the jury looked at the innovative features of the products as well as ...
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Nike Keeps Growing In Sales And Profits But Prepares For Bad Times
Nike barely felt the pinch of the grim economic situation during the last fiscal quarter, continuing to report increasing sales as well as growing orders in constant currencies. However, it started reducing costs at many levels to help deal with deteriorating market conditions. ...
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Quiksilver Ends Tough Year Still In The Red, Europe Is Mixed
Quiksilver ended its fiscal year on Oct. 31 with a mixed fourth quarter, lightened by the divestment of Rossignol but weighted down by extraordinary writeoffs. Since the sale of Rossignol, the French winter sports company, was completed in November, Quiksilver managers have switched their focus to the costs and debts ...
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Sdi Marks Small Gains In First Half
Sports Direct International (SDI), the leading British sports retailer and wholesaler, offered some respite to the country’s investors by publishing better-than-predicted results for the first half of its financial year. The group’s management prided itself on achieving these results in a very tough trading period, and credited its resilient business ...
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German Intersport Sees Itself In Better Shape Than The Market
On Wednesday, the board of Intersport Germany, represented by Kim Roether, in charge of finances and operations, and Klaus Jost, responsible for sales, marketing and distribution, presented hopeful figures both for the headquarters and the affiliated members. All figures for the rest of this year mentioned here are projected because ...
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Arcandor Looks To Tourism, Home Shopping For Growth
Karstadt, the department store chain operation that comprises its Karstadt Sports superstores, continues to be a problem for Arcandor Group. For the fiscal year that ended last Sept. 30, the unit had a loss of €4 million before interest, taxes, depreciation and amortization (EBITDA), a significant plunge from the 2006/07 ...
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Fair Play Will Act As An Independent Unit Under The Garant Umbrella
Garant Schuh + Mode, the big buying group for shoe retailers that left the stage of insolvency at the end of 2007, intends to push Fair Play, the group’s cooperation for sports retailers. Richard Brekelmans, Fair Play’s marketing and sales director, told SGI Europe that all national Fair Play operations ...
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Lafuma Delays Spending After Poor Year
In reporting disappointing results, the Lafuma Group said it would stop adding new single-brand stores, in spite of a 10 percent increase on a same-store basis last year, and delay other investments, while negotiating amendendments to its bank covenants as its debt/equity ratio has reach 81 percent. The development of ...
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Ttk Launches A Big Tennis Event, Moves Into The Usa
For the first time, 96 children under the age of 14 are being invited from all over Europe by this young Italian tennis apparel company for the finals of the TTK Warriors Tour, a tournament that has been played since 2004 only at the local level. As participation has been ...
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The Economic Crisis Affects Only The Sport Lifestyle Segment
The European market for sporting goods dropped in the third quarter by 8 percent in the area of clothing and by 5 percent in the footwear segment, says NPD Group in a press release. NPD officials declined to specify the sales increases or declines that occurred in the five countries ...
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Intersport Escapes The Crisis Almost Everywhere
Officials of Intersport International Corporation indicate that they are still confident of breaking the €9 billion barrier at the retail level (after VAT) this year, with growth of between 4 and 6 percent for the affiliated retailers. Franz Julen, chief executive of the 40-year-old international retail organization, believes that the ...
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The French And European Ski Market Look Promising, Fitness Is Flat
NPD Group indicates that the French sports apparel and footwear market declined by 5 percent in the six months ended in September, but the fitness sector remained relatively stable. According to NPD, total sales of fitness clothing, footwear and equipment after VAT amounted to €630 million in France in 2007, ...
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Snow Sports Defy The U.S. Economy
In the more than 30 years the SnowSports Industries America (SIA) has been monitoring the snow sports equipment market, it has found that economic conditions affect sales less than weather conditions: If there is snow, people will buy. Despite the trying economic times, this was proven once again in the ...
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Jjb Convinces The Banks To Wait, Jd Continues To Perform Better
JJB Sports, the beleaguered British sports retailer, has come to an agreement with its three lenders to reschedule reimbursement of part of their loans, as its sales and share price are on the slide. As JJB had struggled to gather £20 million (€23.0m-$29.6m) to reimburse a bridge loan due to ...
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Big Reshuffle At Arcandor
Major management changes are taking place at group level and in its subsidiaries, possibly indicating possible further change in the corporate structure. Even Ralph Hartmann, who has been running the 28 Karstadt Sports superstores in Germany since one year ago, is reportedly going to leave the group at the end ...
