Latest Headlines – Page 275
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Jarden performs differently in the U.S. and Europe
Sales declined by 1.6 percent to $684.1 million in the Outdoor Solutions division of Jarden Corp., which comprises some 20 different sports and outdoor brands including the likes of K2, Marker, Völkl and Marmot.Because of a very cold winter, U.S. retailers readily bought the remaining winter products in Jarden's inventories, ...
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Black Diamond grows by 7% in the quarter
Black Diamond Inc. hopes to find a buyer for its backpacks subsidiary, Gregory Mountain Products, before the end of second quarter. The proceeds would be reinvested in its three strategic priorities: the development of apparel, the expansion of Poc Sweden's product range and direct-to-consumer sales. On the other hand, the ...
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Strong results for Shimano
Citing a mild winter and improving economies in Europe as two of the factors, Shimano reported a 20 percent increase in its total revenues to 75.7 billion yen (€538.17m-$744.66m) for the first quarter ended on March 31. This led the company to post a 30 percent higher net income of ¥9.98 ...
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Poor quarter for Rapala
Rapala VMC has reported a 12 percent drop in sales to €66.2 million for the first quarter of this year due to many factors, including exchange rates, which were responsible for half of the decline, and abnormal weather conditions in many countries.Lack of snow in the company's domestic Finnish market ...
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Accell Group announces higher sales and profit
Accell Group experienced a good start to the year, with both turnover and results increasing in the first months of 2014 when compared with the same period of 2013, boosted in particular by the good weather in Europe. Revenues developed positively in most markets. Electrically-assisted bikes continued to enjoy growing ...
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Dorel's profits surge
Dorel Industries experienced a strong start of the year as an early European spring drove recovery and double-digit growth in its bicycle business. The Montreal-based maker of bicycles, car seats and ready-to-make furniture, which reports in U.S. dollars, said it earned US$24.8 million in the first quarter ended March 31. ...
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New president for Life Fitness' parent
Brunswick Corporation has created a new position by appointing Mark D. Schwabero as president and chief operating officer, reporting to Dustan E. McCoy, chairman and chief executive of the group, which owns Life Fitness and many other brands in the Engine, Boat, Fitness and Bowling & Billiards segments. Schwabero has been ...
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More equity for Netshoes
Netshoes, the largest online retailer for sporting goods in Latin America, has received additional equity worth US$170 million in a new round of funding led by Singapore's sovereign fund, GIC Special Investments. Other investors were Temasek Holdings of Singapore, Tiger Global Management, Iconiq Capital and Kaszek Ventures.GIC will have a ...
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Asics revises its selective distribution
The long-awaited decision of the German Cartel Office on Asics' system of selective distribution, notably in regard to internet retailers, is expected to come soon. The antitrust authority has put out a preliminary description of its own point of view, inviting the German subsidiary of the Japanese brand to comment ...
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Team Sportia goes online
A retail member of the recently reorganized Swedish buying and franchising group in Jönköping has launched an e-commerce operation in the country. Complementing its two physical stores in the city, the new teamsportiaonline.se web shop covers fewer categories than the regular Team Sportia store, but offers more items in each ...
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Nike reports progress in key sustainability areas
Nike managed to reduce its carbon emissions by nearly 3 percent across the whole value chain in its 2012-13 fiscal year from its fiscal 2010-2011 baseline, while its revenues grew by 26 percent over the same period. According to its newly-released FY12-13 Sustainable Business Performance Summary, the company also fulfilled ...
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Business heading north at 361 Degrees
Inventory levels have improved in the Chinese sports market in the first quarter of this year, according to 361 Degrees, which estimates that comparable store sales for the brand's outlets have increased by about 1.8 percent for the period. This compares with a decline of 1.5 percent for the same ...
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Quarterly rally for Xidelong
Exceed Company, which sells the Xidelong brand in China, more than doubled its profits in the fourth quarter of last year as the market situation markedly improved. However, that failed to make up for the paltry performance of the previous quarters, leading to sharp sales and profit declines for the ...
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Hi-Tec swings into fifth decade
Hundreds of guests assembled at the party organized in Amsterdam two weeks ago to mark the forty years of Hi-Tec – one of the few European sports footwear companies that managed to build up a brand with global reach while still under family control.Hi-Tec said it reached flat wholesale sales ...
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Columbia buys prAna
While reporting stellar results for the first quarter (see the next article), Columbia Sportswear announced yesterday the takeover of Prana (the company spells its brand name as prAna), the American brand of lifestyle, yoga, rock-climbing and fitness clothing and accessories, for $190 million.Tim Boyle, president and chief executive of the ...
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Excellent quarter for Columbia, but not in Europe
Columbia Sportswear is upgrading its financial outlook for this year in reporting a 120 percent increase in net income to $22.3 million on 22 percent higher revenues of $424.1 million for the first quarter of 2014.All the geographies delivered double-digit sales growth except for Europe, the Middle East and Africa, ...
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Bernard Mariette takes over Lolë
A group of investors has acquired a stake of around 80 percent in Coalision, the parent company of Lolë, but has not acquired its other major brand, Orage, which has been bought by its founders. Positioned as an outdoor-oriented and yoga-inspired wellness brand for women, Lolë has raised its sales ...
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Canada Goose opens a European office
Canada Goose is making a stronger commitment to the European market by opening an office in London. Located behind Oxford Circus, it will provide marketing support for all of Europe and house the company's new sales team for the U.K. and Ireland. Like three other offices opened in the last ...
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Amer reports good outdoor results
The Winter & Outdoor segment of Amer Sports, which comprises brands such as Salomon, Arc'teryx and Suunto, among others, enjoyed a nice sales increase of 12 percent in terms of local currencies during the first quarter of 2014, with gains of 14 percent in footwear, 21 percent in apparel, 8 ...
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VF’s outdoor brands perform better than expected
VF Corporation has upgraded its sales forecast for Timberland after a very good first quarter in which the brand's sales rose by 12 percent, two percentage points better than the group had expected in February. As for The North Face, its sales went up by 14 percent in the quarter, ...
