Latest Headlines – Page 234
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Callaway improves and plans Japanese venture
Callaway Golf saw its sales increase by 14 percent to $153.3 million and its net loss narrow by 27 percent to $30.4 million for the fourth quarter of last year, driven by buoyant U.S. sales and a robust increase in global sales of golf balls.Although the performance was adversely impacted ...
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Brunswick’s fitness unit expands
Brunswick Corp., the owner of Life Fitness and other fitness brands, saw the sales of its fitness division increase by one percent to $237.7 million for the fourth quarter of last year, with an increase of 4 percent in constant currencies. While its U.S. turnover improved by 8 percent with ...
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The German ski market is declining
The German sporting goods industry association, BSI, reported figures for the German ski market during its annual press conference at Ispo. The BSI expects that about 250,000 pairs of alpine skis will be sold in Germany by the end of this year's winter season, a drop from 280-300,000 pairs sold ...
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Nordic ski market continues to decline
Industry experts estimate that the sell-in figure of the global cross-country ski market excluding sales by local manufacturers in Russia will be of about 1.1 million pairs at the end of this winter, down from 1.8 million pairs for the 2012/13 season. The market had already shrunk to 1.6 million ...
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The snowboard industry targets former customers
Industry experts estimate that the global snowboard market will remain more or less stable with sales of about 600,000 boards by the end of this winter season, excluding private labels and smaller snowboard brands. Adding these two factors, sales are expected to reach about one million boards. The European snowboard ...
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European court judges anti-dumping regulations invalid for some imports
The European Court of Justice (ECJ) has issued a much-awaited judgment in a case led by Puma and Clarks, in which regulations imposing anti-dumping duties on imports of certain footwear from China and Vietnam from April 2006 until March 2011 were declared invalid.The ruling was issued yesterday upon a request ...
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Olympic give and take for WFSGI members
At least ten leading sports brands have agreed to take part in the first social program organized by the World Federation of the Sporting Goods Industry (WFSGI) to support national Olympic committees (NOCs) that do not have sponsorship deals for the Rio Olympics.As requested by the president of the International ...
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Henkel chief to lead Adidas Group
The supervisory board of the Adidas Group ended up picking an outsider as it decided that Kasper Rorsted, chief executive at Henkel, should take over from Herbert Hainer as the CEO of the German sports company from the start of October. The 53-year-old Danish manager will start at Adidas by ...
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Intersport grew by 5.1% in 2015
Intersport International Corp. (IIC) reports a 5.1 percent increase in total retail sales to €11.03 billion including sales taxes in 2015, with above-average growth in fitness and running. Comparatively, Fedas, the European sporting goods retailers' federation, estimates that the Europen sporting goods market, which represents the bulk of Intersport's business ...
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TAF continues to do even better than Intersport
The Athlete's Foot (TAF), which has belonged to Intersport International Corp. since 2013, raised its retail sales by 6 percent in 2015 to €307 million, with an increase of 14.3 percent in local currencies. The TAF business was flat in the U.S. but rose at a double-digit rate in Mexico.TAF's ...
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Buoyant holiday season for JD’s sports stores
JD Sports Fashion reports that its comparable store sales increased by 10.6 percent at its various sports retail chains in the U.K. and elsewhere in Europe during the five weeks ended Jan. 2, after a buoyant holiday season. The group thus predicts that its headline profit before tax and exceptional ...
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SDI builds up Dick’s and Iconix stakes
Sports Direct International (SDI) has continued to invest in other sports and retail companies, raising its financial interest in the Iconix Brand Group and acquiring a smaller stake in Dick's Sporting Goods, the leading U.S. sporting goods retailer. Both investments were made through so-called contracts for difference (CFD), which give ...
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21sportsgroup expands online with Vaola
21sportsgroup, the German retail group that acquired Planet Sports last year, has snapped up another online specialist, Vaola, a German retailer focusing on outdoor, running and football products. 21sportsgroup said Vaola will continue to be run independently. Its parent company, Mysportsgroup, will become one of the group's three subsidiaries, along ...
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Women drive the German market
The German sporting goods market grew by 3 percent in 2015, according to the NPD Group, driven by female customers' purchases (we published a big report on the women's sports market in Germany last year). Purchases of athletic or sports-inspired apparel and footwear made by German customers online jumped by ...
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Bauer's parent buys Easton Hockey
Performance Sports Group (PSG) is building up its number one market position in hockey by taking over the Easton Hockey business from Chartwell Investments, the private equity firm that had taken it over in August 2014 from BRG Sports, the successor company of Easton-Bell Sports.PSG, parent company of Bauer and ...
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Brunswick buys Cybex
The parent company of Life Fitness, which has been in a tussle with Technogym for supremacy in the growing fitness equipment market, is consolidating its leadership with its takeover of Cybex International. In any event, the acquisition will help Brunswick Corp. to implement a previously stated plan to double its ...
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Nautilus expands internationally
As reported in our last issue, the $115 million acquisition of Octane Fitness is expected to help Nautilus to expand internationally, as Octane's sales outside North America represent 23 percent of its turnover, compared with only 2 percent for Nautilus. The process has already started, with Nautilus appointing several international ...
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Black Diamond Europe relocates to Innsbruck
As we had indicated in our previous issue, Black Diamond is closing its European office near Basel in Switzerland. Only seven of its 40-odd employees will stay with the company and move to Innsbruck, the vibrant outdoor city in Austria chosen as the new venue, including two managers, Craig Foster ...
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Rossignol claims market share gains, diversifies further
Orders of snow sports products declined by 3 percent in value for the Rossignol Group in the first nine months of its financial year, ended Dec. 31, with a slight increase in the overall price mix. They fell by 4 percent in North America, but they went up in Japan. ...
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ManUnited teams up with Columbia and TaylorMade
Football is the biggest spectator sport. With 660 million fans around the world, half of them in Asia, the Manchester United Football Club is probably still the most famous football club, in spite if its recent under-performance. In an unusual move, the club has entered co-branding partnerships with two major ...
