Latest Headlines – Page 408
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Sports Direct Has A Flat Quarter And Its Owner Gives Up On Football Team
Sports Direct International (SDI), the leading U.K. sports retailer and brand owner, reported flat sales and gross profit for the 13 weeks ended July 27. The company stated in July that it had suffered the hardest time in its history during the financial year ended in April, and it warned ...
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Nike Remains Unscathed By Troubled Economies
The Nike group continued to be unaffected by economic jitters with a sales rise of 10 percent in constant currencies for the quarter ended Aug. 31, the first quarter of its financial year. In dollars, Nike’s sales surged by 17 percent to $5.4 billion for the three months. Furthermore, ...
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Decathlon Takes Over No. 1 Position Among World’S Top Sports Retailers
The top 70 integrated sporting goods retailer chains in the world accounted for nearly one-quarter of the total sporting goods market, which has been estimated by NPD Group at $278 billion. They totaled $62.1 billion in sales, helped by mergers, growth in expanding markets and foreign exchange rates. The findings ...
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Sport 2000 Launches Online Stores In Germany And France
We may recall that the buying group tried unsuccessfully some time ago to persuade its retail members to do business online through Amazon. Since Sept. 1, Sport 2000 Germany has been running a new online store called boardscout24.com. While the site is owned by the buying group, the sales are ...
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Lifestyle Sports Expands Rapidly In Ireland And The Czech Republic
Feeling that it was about to reach the limits of growth in its home country, where overall retail sales fell steeply this past summer, the Irish sporting goods retailer bought the 22 stores of City Sport in the Czech Republic last November, after looking at other countries with populations of ...
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Usg Shores Up Leadership To Handle Growth
Unlimited Sports Group (USG), the leading Dutch sports retailer and wholesaler, is reinforcing its management to deal with the raft of licensing agreements and retail acquisitions it has sealed over the last months. Among the latest moves is the appointment of Steve Preston, former head of the retail division, as ...
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Amer Acquires Bulgarian Ski Supplier
Amer Sports has acquired the assets of Pamporovo Ski, a Bulgarian ski manufacturer that has been working for Atomic in different ways since 1980, for about €5 million. The exact amount will depend on the working capital when the transaction closes before the end of this year. Pamporovo’s current management, ...
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Lange Acquires Majority Stake In Wintersteiger
Rainer Bartram, the man who controlled this global market leader in ski service, maintenance and storing during the past two decades, has sold his 55.1 percent stake in Wintersteiger to LJH Holding. The 84-year-old, who acquired a minority of Wintersteiger’s shares in 1982 and became majority shareholder in 1989, sold ...
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Armstrong Invests In Sram And Returns To The Tour De France
Lance Armstrong is returning to the Tour de France, but something will be a little different. In the 2009 Tour, he will be using SRAM equipment, a change from his usual Shimano. Not only that, but he is reportedly joining the financially troubled Lehman Brother Merchant Bank in acquiring 40 ...
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Mission-itech Bought By Bauer
The pool of makers of hockey equipment and protective gear has gone down by one, as Bauer Hockey has bought Mission-ITECH Hockey as part of its growth and investment strategy. Both companies are private, and terms of the deal were not released. The Canadian division of Bauer will ...
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Uhlsport’S Former Strong Man Brings Umbro Back To Germany
Jürgen Kiefer, who quit Uhlsport as managing partner in early 2007, is back in business. His recently created Kiefer Sport has struck a deal to license Umbro in Germany for the next five years. Kiefer’s new company has gotten support from a former sales manager of Uhlsport, Steffen Oestreicher, who ...
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Big Changes At Fila In Europe
Jan Valdmaa has been appointed as the new chief executive of Fila for Europe, the Middle East, Africa and South Asia. He is also running Integrix, the new holding company created by the Batra Group, with the support of Barclays, to take over Fila’s operations in 140 countries, combining it ...
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Wilkinson Takes The European License For Macgregor And Greg Norman
Tony Wilkinson, who has been running the Greg Norman Collection in Europe for the past six years, has formed a new U.K.-based company that has become the European licensee for the line as well as the MacGregor Golf brand of equipment. He plans to invest in the Greg Norman brand ...
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Golf Drives Peak’S Performance
Fast-growing golf ranges and international sales are driving the expansion of Peak Performance, the Swedish ski and golf apparel brand, which saw its sales rise by 11 percent to 893 million Danish kroner (€119.7m-$175.7m) in the financial year ended June 30, as reported by its Danish owner, IC Companys. ...
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Ashworth Looks At Options After A Bad Quarter
After a poor third quarter, Ashworth has enlisted financial advisers to explore options to keep the company going, even considering a sale or a merger. The action comes on the heels of a loss of $9.6 million in the third quarter ended July 31, down from a loss of $5.7 ...
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Lindeberg Forms Joint Venture In Usa
J.Lindeberg, the upscale Swedish men’s golf and fashion apparel brand, is striving to speed up its U.S. growth by teaming up with People’s Liberation, a Los Angeles-based company that has established a strong nationwide sales network by marketing the People’s Liberation and William Rast brands. The Swedish label was ...
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Buy Golf Shoes, Help Save Lives
Pink Ribbon Golf just announced an agreement with Hi-Tec Sports to produce its first women’s golf shoe, the Carnaby Pink Ribbon. The pink and white shoes will be available throughout Europe next June at suggested retail prices of €89 to €99 per pair, or £60 in the U.K. David Drachmann-Sunne, ...
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Ecco Launches Running Shoes
Known for its walking shoes and for its golf shoes, ECCO has decided to launch its first full-fledged line of technical running shoes, called Biom. It will initially be sold starting in March 2009 in selected running specialty shops in Denmark, Germany, Sweden, Poland, the U.K., the USA and Canada. ...
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Fortune Brands Has High Hopes For Golf Division
The president and chief executive of Fortune Brands, owner of Acushnet Company, the golf business that includes Titleist, Cobra and FootJoy, isn’t scared by the economic problems around the world. Bruce Carbonari, speaking at the Bank of America Investment Conference, pointed to international growth in the company’s golf business, especially ...
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Golf Europe Shifts Dates And Location For 2009
Messe München has decided to move its golf show back from its own venue to Golf Europe’s original location, the MOC or Munich Order Center. The main reason for the change of the location is the fact that many of the exhibiting brands have their order offices in the MOC. ...
