Latest Headlines – Page 412
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The Global Sports Equipment Market Grows By 3.8% In Dollars
The acquisition of K2 and other companies turned Jarden Corporation into the world’s largest supplier of sports equipment last year. With wholesale sales of $2.48 billion in the segment, it overtook Amer Sports, which had previously surpassed Adidas in the leading spot through its takeover of Salomon. Like Head or ...
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Friedrichshafen Is Developing Into A More Important Venue
Messe Friedrichshafen recorded an all-time high for the number of trade visitors at the OutDoor show that ended on July 20. It welcomed 18,900 visitors or 2,000 more than in the previous year. About 60 percent came from outside Germany. The fair hosted a total of 787 exhibitors on ...
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Growth Flattens In Western Europe, But Some Retailers Are Still Expanding
2007 was the worst year in recent memory for the Western European sporting goods market. It only grew by 0.6 percent, based on our annual review of retail sales in various countries of the continent, reaching an estimated level of €39.5 billion before VAT or €46.2 billion after VAT. However, ...
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Sport 2000 Grows By 8%
Retailers affiliated with Sport 2000 International all over Europe in one way or another raised their combined sales by 8 percent to €5.1 billion after VAT last year, growing faster overall than those affiliated with Intersport International and than the European market in general. As its 3,800 affiliated stores in ...
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Intersport Reaped Big Sales From Euro 2008 Championships
The Euro 2008 football championships were very successful for Intersport, the official sports shop for the event. Aside from providing strong visibility for the Intersport brand, they exceeded expectations by generating very strong sales of exclusive licensed products, replica shirts and other football products, mainly in the eight stadiums. ...
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12% Global Growth In Dollars For Branded Athletic Footwear
The major athletic footwear brands raised their sales by 12 percent in 2007 in terms of dollars, but grew less in terms of local currencies. For example, their sales in Europe were up by 17.2 percent in dollars, with strong growth in emerging markets, but this was largely due to ...
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Sports Direct Is Reeling From A Traumatic Year
Executives at Sports Direct International (SDI), the leading U.K. sports retailer and brand owner, stated that the company suffered its worst year ever, as its sales declined by 6.5 percent to £1.26 billion (€1.58b-$3.13b) for the full year ended on April 27. The company’s margin and underlying profits were further ...
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Decathlon’S Parent Buys Simond
To reinforce Décathlon’s already strong hold on the outdoor market through its private label Quechua, the parent company of the largest integrated European sporting goods retailer, recently renamed as the Oxylane Group, has taken over Simond, a French specialist in mountaineering equipment. The move is described by Décathlon officials as ...
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Jean-luc Diard, Former Salomon Chief, Will Run Tecnica Outdoor
Jean-Luc Diard, who resigned as president of Salomon last November after spending his whole career with the French company, has agreed to become senior vice president of Tecnica Group, with the task of running its new “Strategic Project Outdoor.” The 50-year-old French executive, who has begun to learn the Italian ...
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White Will Run Amer Sports Europe
Amer Sports is proceeding to some major new management changes as well. Among other things, Michael White, who has been running Amer’s business in the UK, is being appointed as general manager of Amer Sports Europe, based in Munich, starting next September. He will take the place of François Fauroux, ...
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Candover Fund Buys 40 Percent Of Technogym For €400 Million
The private equity fund Candover has agreed to buy a 40 percent stake in Technogym for about €400 million, valuing the large Italian fitness equipment company at €1 billion in terms of enterprise value. The majority stake will remain in the hands of the family of Nerio Alessandri, founder and ...
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Lotto Reports An 8% Sales Increase
Lotto Sport Italia reports 8 percent growth for 2007 in the company’s total sales to €300 million, including wholesale-equivalent sales under license. The rate of increase was largely on a comparable basis as the negative effect of the appreciation of the euro was offset by a boost of about €12 ...
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Basicnet Branches Out Worldwide
BasicNet has signed new licensing deals for its casual and sports brands. New licenses will allow Kappa and Robe di Kappa to return to important markets such as Russia, Australia, South Korea and Egypt, and to make their first appearance on the Cuban market. In addition the management has extended ...
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Titus Hopes For A New Start To Get Back On Track
Titus, the German skateboarding company that narrowly escaped financial disaster two years ago, has recruited an external manager to relaunch the slimmed-down company. Titus and Brigitta Dittmann, the company’s owners, are letting off some steam since PV Schulz, former sales director for Northern Europe at Dickies, joined at the beginning ...
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Elmec Is Doing All Right, Boosted By Nike In Romania
Nike’s sales shot up in Romania last year, judging from a 63 percent increase in the sales of Elmec Romania, the brand’s distributor in the country, which derives most of its sales from this brand and Converse. The subsidiary’s sales reached the equivalent of €41.3 million, buoyed by multiple store ...
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The Outdoor Market Rises By 4% Worldwide, Says Npd
The market research group NPD has put out a study on sales of outdoor sports for 2007, after a lengthy discussion of what belongs into this category. For example, it did not take into account sales related to trail running or mountain biking, saying that those two sports were more ...
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Nike: What Economic Problems?
Soaring sales in the emerging markets of Central and Eastern Europe contributed strongly to Nike’s apparently unstoppable growth. While the company aptly dealt with pressure in the U.S. market, its expansion in the last fiscal year was driven by fast-rising sales in other markets, such as the Central Europe, Middle ...
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Adidas Expects Big Boost From Euro 2008
Nike dominated the quarter-finals of the Euro 2008 football championships in Austria and Switzerland as sponsor of the majority of the national teams competing at that stage of the tournament, but Adidas will have the last say, sponsoring the two finalists, Germany and Spain, in the final match this weekend. ...
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Icelandic Fund Won't Buy Danish Chains
Arev, the Icelandic administrator of equity funds, pulled out at the last minute from its commitment to participate in the acquisition of Denmark’s two largest sporting goods chains, Intersport and Sport-Master. Only a few days ago Arev, which already has several investments in the British retail sector, told Straumur, an ...
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Giacomelli Becomes Game 7 Athletics
Champion Europe, which bought Giacomelli Sport two years ago, when it was still losing money, has decided to reposition the Italian sporting goods chain after its inability to generate profits under its older format. It will keep only 30 of the 43 remaining stores in Italy and rename them Game ...
