All Sports, leisure & outdoors articles – Page 28
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NewsFrasers Group probed by EU tax authorities over VAT bills
Frasers Group is in talks with EU tax authorities over a controversial VAT arrangement that has seen the retailer pay tax on overseas sales in the UK.
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NewsNike to crack down on retail partners in bid to curb reselling
US sportswear giant Nike has warned retail partners that it will cut supplies of limited-edition trainers in a bid to curb an upsurge in reselling.
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NewsJD Sports boss calls for London rent reduction as footfall ‘battered’ by Covid-19
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
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NewsNike profits rise as China leads sales recovery
Nike has posted a jump in profits as booming sales in China offset tougher conditions in the US and Europe amid the coronavirus pandemic.
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NewsJD Sports ramps up spending spree with swoop on Poland’s MIG
JD Sports has snapped up a controlling stake in Polish sports fashion business Marketing Investment Group (MIG) as it continues its aggressive acquisition spree.
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NewsFrasers Group’s Evans Cycles to axe 300 jobs in cost-cutting drive
The Mike Ashley-owned Evans Cycles is cutting 300 jobs and moving the remainder of its staff to zero-hours contracts in a bid to cut costs.
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NewsAdidas set to sell off Reebok to bolster growth ambitions
Adidas has confirmed plans to offload Reebok as part of its five-year strategy to focus on strengthening its core brand.
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InterviewInterview: How Asics plans to outrun its sportswear rivals
Asics executive Gary Raucher tells Retail Week how the Japanese brand is going back to its roots in a bid to outrun rivals like Nike and Adidas in the fiercely competitive sportswear market
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NewsJD Sports raises £464m to bolster acquisition drive
JD Sports has completed a fundraise for £464m, which it will use to drive its expansion and capitalise on acquisition opportunities in new and existing markets.
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AnalysisJD Sports boss Cowgill: How ‘monumental’ DTLR deal turbocharges US ambitions
JD Sports boss Peter Cowgill tells Retail Week why the retailer’s latest $495m acquisition has set it up to crack America.
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NewsJD Sports considers fundraising for acquisition warchest
JD Sports is pondering raising new equity to fund deals as the retail landscape is transformed by the Covid pandemic.
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NewsUK economy shrinks in November, ending six consecutive months of growth
The UK economy shrank in November as coronavirus restrictions on consumers and businesses reduced economic activity.
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NewsJD Sports raises profit guidance as sales soar
Enforced store closures did little to dampen sales at JD Sports with the retailer raising its profit expectations for the full year.
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NewsMarks & Spencer extends activewear offer after Covid sparks fashion shift
Marks & Spencer has expanded its activewear range, reflecting the category shift prompted by the Covid-19 crisis.
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NewsJD Sports acquires US footwear retailer Shoe Palace
JD Sports has announced the acquisition of American shoe retailer Shoe Palace in a bid to increase its exposure on the US west coast.
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NewsRising retail star Pure Electric unveils European expansion plans
E-bikes specialist Pure Electric plans a European expansion push, starting in France and Spain.
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NewsFrasers Group interim profits rise spurred by rates relief and online sales
Frasers Group reported a strong uplift in profits at the interim mark despite what chair David Daly describes as a “lack of clarity of guidance” from the government during the pandemic so far.
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AnalysisHow Halfords and Studio Retail emerged as Covid winners
From rapid pivots to reprioritising projects, two of retail’s big winners during Covid – Halfords and Studio Retail – share the secrets to their successful transformations.
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NewsWatch: Sports Direct unveils first-ever Christmas advert
Sports Direct has launched its first-ever Christmas advertising campaign, which head of elevation Michael Murray says is the first step in a “new look” for the retailer.
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NewsHalfords profits soar in ‘very strong’ first half
Cycling and motor accessories specialist Halfords has posted a surge in interim profits, helped by demand for bikes during the pandemic.