SGB Update Outdoor

Sports Direct Profits Slide in Fiscal Year

Sports Direct reported underlying profit before taxes slumped 8.4 percent to £275.2 million in its year ended April 24 largely due to a hike in wages and slower sales in the second half of the year. Sales grew 2.5 percent to £2.9 billion.

Alibaba Unveils IP Enforcement Platform

Alibaba Group launched a initiative to streamline IP-related communications with brands at its inaugural Rights Holders Collaboration Summit.

Thule Acquires Child Bike Seat Maker

Thule Group has acquired the Dutch company GMG B.V., a leading supplier of child bike seats in the BeNeLux markets. GMG B.V. had sales of €6.1 million in 2015, with a focus on child bike seats under the brand Yepp.

NEMO Names Rep Agency of the Year

NEMO Equipment Co. awarded Kurt Smith and Chaz Warren of Top Gun Sales with its Inaugural Rep Agency of the Year honor for 2016.

Eurobike Opens Travel Talk Conference to Show Attendees

For the 15th time, Eurobike is inviting visitors to attend its bicycle tourism symposium Travel Talk, where a host of speakers will address the impact of digitalization, E-mountain bikes, cooperation and ‘women-only’ tours on the industry.