Latest Headlines – Page 277
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Wintersteiger made more than €50 million in sports in 2013
Wintersteiger, the manufacturer of ski maintenance machinery and storing solutions, passed for the first time the €50 million mark with its sports division alone in its last financial year. In 2012, the Austrian group had booked a turnover of its largest business unit, sports, of €47.6 million.The company reports – ...
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The “Made In” label makes a big step forward
The European Parliament approved last Tuesday a new set of proposals on consumer safety and protection that include the obligation to put a label of origin on shoes and on all other kinds of products sold within the European Union except foods and drugs. The Federation of the European Sporting ...
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Skistar launches e-commerce store
Skistar, Sweden's largest operator of ski resorts, said it will launch an e-commerce store for skis, snowboards and other mountain sports products. The launch is planned for this autumn. The new skistarshop.com will be fully integrated with the existing skistar.com, the group's online booking platform, which has a traffic of ten ...
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Skiset develops a summer business
In an interesting diversification, Skiset, the big French-based ski rental agency, has created a new subsidiary, Skiset Holidays, to market holiday packages all year round. For the launch of its services in this complementary domain, mostly over the internet, it is capitalizing on a database of about 500,000 customers in ...
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Easton-Bell will work less with Shimano
Easton-Bell Sports (EBS), which is changing its name to BRG Sports because of the sale of its Easton baseball and softball business to Bauer Performance Sports, has extended its exclusive European distribution contract with Shimano for a further three years. The new agreement covers all the products of its Giro, ...
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Easton-Bell reports mixed results
Sales declined at Easton-Bell Sports (EBS) for the financial year ended Dec. 28, but the American group's losses tapered down in the fourth quarter of the year. The annual turnover fell by 5.7 percent to $780.4 million, with declines of 5.5 percent to $435.7 million in Team Sports and 5.8 ...
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Strong growth for Skechers in Europe
Skechers USA is celebrating yesterday's victory of its star endorsing athlete, Meb Keflezighi, in the Boston Marathon. He was wearning the brand's new GOmed Speed 3 running shoes, the 38-year-old broke his personal record with a time of 2:08:37. No other American runner had won the Boston Marathon since 1985.The ...
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Nike leaps ahead in Europe, recovers in China
Nike delivered an exceptionally strong third quarter in terms of sales and orders, particularly in Europe. Group revenues went up by 12.7 percent to $6,972 million for the period, ended Feb. 23, but net earnings from continuing operations grew by only 3.5 percent to $685 million, and they actually fell ...
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Lululemon wants to play a role outside North America
Lululemon Athelica, which opened its first European flagship store on Long Acre in London's Covent Garden last Friday, is determined to boost its international sales under the management of Laurent Potdevin, the Swiss-born manager who was appointed chief executive of the Canadian-based supplier of yoga-inspired activewear. Eight more stores are ...
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Fat profits for Moncler
Moncler, which went public with a high valuation of more than €2 billion last December, has reported a net profit of €76.1 million for 2013, up from €28.8 million in the previous year. On an adjusted basis, it grew by 17 percent to €96.3 million. Adjusted operating earnings before amortization ...
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Airesis makes a profit but Le Coq dips into the red
The sale of Boards & More to a German-based equity fund last year resulted in an extraordinary gain of 17.9 million Swiss francs (€14.7m-$20.2m) for its former parent company, Airesis, raising its equity by 50 percent to CHF 62 million (€50.9m-$70.1m).However, the other major property of the Swiss group, Le Coq ...
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XXL loses lawsuit against Gresvig
XXL recently lost a lawsuit against Gresvig over a price matching campaign that the latter had launched right before the Sochi Olympic Games. The fast-growing Norwegian sporting goods retailer had argued that Gresvig's campaign for its G-Max G-Sport stores was illegal under Norway's Consumer Ombudsman (CO) laws. It stated that ...
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Good 2013 results for Swix
The Swix Sport Group raised its sales by 10.1 percent to 759 million Norwegian kroner (€92.0m-$126.8m) in 2013 as compared the previous year, and its operating profit before amortization (Ebitda) grew by 38.6 percent to NOK 70.7 million (€8.57m-$11.81m).The good results were mainly due to strong organic growth in Sweden, Norway ...
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Babolat launches Babolat Play
Babolat has launched the first “connected” tennis racquet in the market, allowing professionals and amateurs to measure their performance in many different ways, besides just scoring points against their competitors, to help improve their game. After a successful soft launch in the U.S. last Dec. 4, it will be introduced ...
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Regatta supports strong growth with new initiatives
Regatta is planning to boost its marketing expenditures by about 30 percent this year while launching a new R logo as part of a campaign developed with Saatchi & Saatchi. The investment follows another major increase in the Regatta Group's turnover, which reached the equivalent of about €200 million for ...
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Mifa books a loss and sells a stake to Hero
Mifa said it has incurred a prospective net loss for the year 2013 of around €15 million. The company, which is Germany's largest bike manufacturer, attributed the loss to a failure to meet sales forecasts. The company added that it incorrectly recorded inventory levels while introducing a new accounting system ...
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The German bike market fell in 2013 but e-bikes sales were up
Bike shipments in Germany to dealers dropped by 5.5 percent to a total of 3.75 million units in 2013. Sales were depressed by a long winter and a rainy summer. E-bikes, however, continued to perform strongly with sales rising by 7.9 percent to a total of 410,000 units. With these ...
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Next Ispo Beijing will take place in January
Messe München has decided to hold the next edition of the successful Ispo Beijing fair on Jan. 28-31, 2015, about three weeks earlier than before. It will thus take place shortly after the Outdoor Retailer Winter Market in Salt Lake City and a few days before the next Ispo Munich ...
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Xebio expands in China, Korea and elsewhere
The big Japanese sporting goods retailer has set a goal for itself to operate 100 stores outside its home country by 2019, expanding mainly in China and South Korea in the multi-sport retail channel. In China, where it already has two stores in Shanghai, it plans to add a third ...
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Peak Performance starts performing in China in lifestyle mode
At the last Ispo Beijing, Peak Performance premiered in the Chinese market with its recently appointed national distributor, YGM. Its executive director and general manager, Andrew Chan, told us that he intends to position the Swedish brand as a fashion and lifestyle label rather than a function-driven brand.This strategy is ...
