Latest Headlines – Page 281
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Accell sells Hercules
Accell Group is selling its Hercules bike brand to Zweirad-Einkaufs-Genossenschaft (Z.E.G.), Germany's largest retail cooperative. Accell's German brand portfolio includes Winora, Ghost and Haibike. Winora and Hercules tended to overlap, Accell said in a statement, especially in the e-bike range, and the strong growth of Winora led to the decision ...
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Asics’ net profit rises by 19.6%
Asics saw its net profit rise by 19.6 percent to 14.97 billion yen (€107.9m-$146.6m) for the first nine months of its financial year through Dec. 31 as its global revenues for the period jumped by 25.1 percent to ¥238.2 billion (€1,716.8m-$2,333.5m), thanks to a weaker yen and to continued progress in ...
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Asics Europe up by 10%
As usual, Asics Europe is not counting the same quarters as its parent company in reporting some of its sales results. Excluding Haglöfs, its total turnover increased by 10 percent for the nine months ended last Sept. 30, with continued strong growth in running and tennis.Sales of running shoes rose ...
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Mizuno’s net profit jumps by 52.1%
Sales grew by 9.3 percent to 132.2 million yen (€0.95m-$1.30m) for Mizuno Corp. in the nine-month period ended last Dec. 31, with increases of 42.1 percent in Europe, 31.6 percent in the Americas and 0.5 percent in Japan. In local currencies, however, the growth was limited to 20.0 percent in Europe ...
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Shimano makes higher profits
The depreciation of the Japanese yen and growing Chinese demand for sports bicycles helped Shimano to book a 10.2 percent increase in its total sales last year to 271.0 billion yen (€1,954.8m-$2,656.8m), more than offsetting the impact of cold and wet spring weather in all its major markets and higher ...
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Better margins for Rapala
Rapala VMC Corp. reported improved profits for the fourth quarter of 2013 and the full financial year ended last Dec. 31, but warned that this year's profits will be saddled by costs associated with the closing of its fishing lure manufacturing factory in China, due to be implemented by the ...
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Go Pro plans to go public
GoPro announced Friday that it has submitted a preliminary draft application to the U.S.Securities & Exchange Commission for permission to go public. To implement the IPO, it has a hired a new chief financial officer, Jack Lazar, with prior experience in the matter. JP Morgan is said to be advising ...
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Billabong’s simplification goes on
Billabong International is considering various options for its multi-brand e-commerce operations, in line with a policy to focus on mono-brand retailing online and offline. Together with its partners, it has appointed an international banking firm, Guggenheim Securities, to assist it in a strategic review of the SurfStitch.com and Swell.com operations. ...
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O’Neill returns to European growth
O'Neill should return to growth in Europe this year after a clean-up that saw the company nearly halve its apparel range, exit several categories and clarify its brand platform.The changes came after the appointment of Willem Haitink over two years ago at the helm of O'Neill. He was the general ...
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Brunotti upgrades distribution
Brunotti Europe has been upgrading and expanding its distribution in the last two years, as part of a multi-year plan mapped out with investors to lift sales to about €50 million by 2017. This compares with a turnover in the range of €26 million in 2013 and projected sales of ...
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Under Armour beats forecasts
Raising its guidance for the current financial year, Under Armour's management foresees meaningful momentum in its business outside North America building in the second half of 2014. While its emphasis is currently on Latin America because of the 2014 World Cup and the 2016 Olympic Games in Brazil, the company ...
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Adidas sues Under Armour
Adidas Group lodged a lawsuit against Under Armour in Delaware's federal court on Feb. 4, claiming violation of ten different patents that protect its miCoach wearable technology platform and requesting reasonable royalties and treble damages. The patents cover mainly the transmission of physical workout data in real time and the ...
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Puma, Nike, others jostle for football and rugby contracts
Puma has signed a big five-year contract as official supplier of the famous Arsenal football team in the U.K. to assert its position as the third-largest supplier of football products and to back up its credibility as a sports brand. The financial conditions were not disclosed, but reports indicate that ...
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Helly Hansen rejigs European business
Helly Hansen is rebuilding its organization in Europe after several departures and the end of its distribution and licensing agreement with the Unlimited Sports Group (USG) for Germany, Austria and the Benelux countries.Harry Schedlbauer, formerly at USG, was appointed late last year as sales manager for Germany and Austria, while ...
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Peak Performance moves East
Peak Performance will be taking part in Ispo Beijing later this month on the back of a partnership sealed a few months ago with YGM Trading in Hong Kong to start exploring the Chinese market. This company deals with brands from Aquascutum to J. Lindeberg, Ashworth and others. The partnership, ...
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Peak reaches a 16.7% Ebit margin
Peak Performance,which is now the only brand in the new Premium Outdoor segment of IC Companys, had largely stable results in the first half of its financial year, ended last Dec. 31. Sales of 565 million Danish kroner (€75.7m-$102.3m) for the period were only one million kroner higher than in the ...
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Odlo hires managers to explore more markets
Odlo, the Swiss brand specialized in performance underwear, has hired a raft of executives in the last months to support the launch of an expanded range and to develop its sales outside of Germany. The country makes up about 40 percent of Odlo's turnover, which reached 146 million Swiss francs ...
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Brunswick’s fitness segment grows by 9%
The Fitness division of Brunswick Corp., which includes Life Fitness and Hammer Strength, saw its sales rise by 14.7 percent to $210.6 million in the fourth quarter ended Dec. 31, but the segment's operating profit dipped by 2 percent to $35.5 million. The management cited a lower gross margin and ...
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Improved results for Callaway
Callaway Golf saw operating results improve as losses declined sharply to $10.7 million in 2013 from $116.2 million in 2012, and on a non-GAAP basis the company was profitable for the first time in several years. Sales for the full year reached $843 million, up from $834 million in 2012. ...
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Ispo jury selects “Products of the Year”
In addition to 51 “Gold Winners,” five products were chosen as “Product of the Year” at the recent Ispo Munich fair by an international jury of 48 experts from three continents. They evaluated no less than 418 product entries, 11 percent more than in 2013.The applications came from 27 countries.One ...
