Latest Headlines – Page 261
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Keen will make shoes in Europe
Keen Footwear will offer the first three models of shoes with the “European Made” label for the autumn/winter 2015/16 season, backed by a high-budget marketing program. They are being outsourced to an unnamed Italian company that uses a direct injection process and has a modern manufacturing facility in Romania. The ...
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The global hockey leader grows by 47%
Performance Sports Group (PSG) has reported a 47 percent sales increase to $172.3 million for its second financial quarter ended Nov. 30. Sales rose by 51 percent on a constant-currency basis. They were driven by an organic sales increase of 10 percent, coming mainly from its Bauer hockey business, and ...
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Wolverine reports on sales acceleration
Nine of the 16 brands in Wolverine Worldwide's portfolio delivered double-digit sales increases in the fourth quarter of 2014, led by Chaco, which is adding closed-toe footwear. Sperry Top-Sider recovered in the quarter, posting a high single-digit gain. These and other tidbits were given by the group's management a few ...
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New managers, new DC for fast-growing Bergans
Jochen Hoffmann, who has worked for Norrøna and Berghaus in Germany and the Benelux countries, takes over from Bernd Taube as sales manager of Bergans of Norway for Germany, Austria and Switzerland. Taube had left the company in the summer. Bergans has also appointed a new CSR manager at its ...
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New personalized skis from Spain
A group of Spanish ski enthusiasts has launched Kustom Skis, a new multi-channel service that allows customers all over Europe to purchase partly or fully customized skis by choosing different options through its website. The prices are comparable to those of commercial branded skis and physical retailers are invited to ...
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A growing market for wearables
New action cameras, smartwatches, fitness belts and other wearable technologies used in the sporting goods sector were prominently under the spotlight during the past few days at the annual Consumer Electronics Show (CES) in Las Vegas, which tends to attract more than 150,000 visitors.The Consumer Electronics Association (CEA) predicted that ...
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How did the Industry Billionaires Fare in 2014?
SGI America has listed the people who made money in the sporting goods business and now have at least three commas in their net worth. They are gleaned from sources ranging from Forbes magazine and its own research, as the magazine misses quite a few legitimate billionaires:Phil Knight (Nike): He ...
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Sportia takes control of Team Sportia
Through an equity increase, Sportia, a financially solid Finnish chain of nearly 60 franchised stores, is acquiring a 67.5 percent controlling stake in Team Sportia, the third-largest sports retailer in Sweden, which has recently gone through rough times. It's a significant across border transaction that is intended to refinance the ...
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Swiss Intersport goes up and down
The snow started to fall in the Nordic countries and on the Alps a few days ago, just in time for the Christmas holiday season, but the unseasonably mild weather of the autumn has seriously affected sporting goods and fashion retailers. The belated snowfall has caused particularly strong damage to ...
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Lex will work with GSM
The Lex Group, which acts as a buying group for German running specialty retailers, will move next month from Mainhausen to the Cologne office of GSM Verbund, a young German buying and marketing group for shoe and sporting goods retailers with specific sections for different segments of the market. Starting ...
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Sports Direct improves retail margins
The management of Sports Direct International expressed confidence in reaching targeted underlying operating earnings before amortization (Ebitda) of at least £360 million (€457.7m-$560.1m) during the current financial year when reporting its financial results for the first half ended on Oct. 26.The group's underlying Ebitda, which excludes foreign exchange fluctuations and exceptional ...
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Chris Ronnie gets a 4-year jail sentence
The Southwark Crown Court sentenced Chris Ronnie, the former chief executive of the now defunct JJB Sports chain, to four years in prison and banned him from serving on any board of directors for eight years. The verdict follows a trial in which he was convicted on three counts of fraud ...
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Nike remains bullish after a strong second quarter
Strong performance in Western Europe, China, the direct-to-consumer (DTC) business and the growing women's segment of the sports market contributed to push the Nike group's revenues up by 14.8 percent to $7,380 million in the second quarter ended Nov. 30. The Swoosh is expecting further strong increases in sales and ...
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Quik disappoints, sees light after January
The results published by Quiksilver for the fourth quarter ended Oct. 31 were disappointing, but the management assured investors that the company is now in strong shape to stabilize revenues and to generate a significant increase in operating results on a comparable basis for the current financial year.Sales were still ...
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Lululemon opens new stores overseas
As previously reported, Lululemon Athletica plans to have 20 stores in Europe and 20 in Asia by 2017. According to Retail Week, the Canadian-based retailer has hired a commercial real estate firm, CBRE Group, to lead its development in the U.K. and in continental Europe.In addition to five”showrooms” in the ...
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Golfino turns around
Golfino, the leading German golf apparel company, has reported a financial turnaround for the financial year ended last Sept. 30. Sales increased by 9 percent to €36.1 million, generating an operating profit (Ebit) of €2.1 million against a loss of around €200,000 in the previous year. It made a pre-tax ...
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Johnson Outdoors hikes sales and profits
A strong finish of the financial year has been reported by Johnson Outdoors, attributing much of the progress to the fact that new products generated one-third or more of sales for the tenth consecutive year. Particularly in the second half of the financial year, ended on Oct. 30, the introduction ...
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Ribatt will run Crocs
Gregg Ribatt, a seasoned executive who helped to strongly build brands such as Sperry Top-Sider and Stuart Weitzman, will act as the new chief executive of Crocs, starting in late January. He takes the place left vacant by the retirement of John McCarvel last spring.Andrew Rees will remain president and ...
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Li Ning will raise new capital to support growth
Li Ning has announced plans to raise between $1,517.7 million Hong Kong dollars (€159.9m-$195.5m) and HK$1,694.9 million (€178.4m-$218.4m) from its shareholders, giving them a choice between purchasing ordinary shares or convertible securities. The Chinese sports brands said that the gross proceeds from the open offer would be used to support its ...
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Bread & Butter is cancelled
Karl-Heinz Müller announced on Dec. 9 the cancellation of the Jan. 19-21, 2015 edition of Bread & Butter, the alternative show for trendy brands that he had founded 14 years ago. Seven days later, on Dec. 16, the organizing company, Bread & Butter GmbH & Co. KG, filed for insolvency, ...
