Latest Headlines – Page 292
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The North Face and Vans make up for sluggish Timberland
The Outdoor and Action Sports division at VF Corporation lifted its sales by 6 percent to $1.1 billion for the quarter ended June 29, driven by The North Face and Vans as in many previous quarters, while Timberland was in decline. The unit saw its sales rise across the U.S. as well ...
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Wolverine goes up in quarter, but Merrell goes down
After a relatively good first quarter, Merrell registered a decline in the second quarter ended on June 16, as compared to the same period a year ago, in spite of high double-digit growth for its new M-Connect line. However, the management of its parent company, Wolverine Worldwide, is confident that ...
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Hi-Tec sets up a team for the Netherlands, Belgium, Germany and Austria
Hi-Tec Sports has appointed Peter Korver to head a new team covering the Netherlands, Belgium, Germany and Austria. The move follows the Dutch-based sports and outdoor footwear company's decision to take over its own distribution in Germany and Austria from WB Compagnie, a specialist in corporate products based in eastern Germany, ...
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Cantet heads up Oakley Europe
We understand that another Frenchman, Olivier Cantet, has taken the place of Frank Heissat as vice president and general manager of Oakley for Europe, the Middle East and Africa (EMEA). As previously reported, Heissat has left the company after three years to run a French sportswear brand, Le Coq Sportif. ...
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Rapala’s own products post slight sales increase
Rapala registered a 3 percent decline in net sales for the second quarter to €81.4 million as compared to the same quarter a year ago. For the first six months, they were stable at €156.7 million. The company said that the sales performance was in line with expectations, although it ...
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Women seek a stronger role in cycling
Several professional female cyclists are asking the organizers of the Tour de France, Amaury Sport Organisation (ASO), to include a women's tour alongside the men's race, starting in 2014. The initiative, including a letter and online petition, was launched on July 11 by a Dutch cyclist, Marianne Vos; Chrissie Wellington, four-time ...
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Big growth potential in the women’s market
The Outdoor Industry Compass and its more generic sister publication, Sporting Goods Intelligence Europe, have decided to diversify their market research efforts, launching a specific study of the women's market for outdoor products and other types of sporting goods, which is often neglected by some brands and some of their ...
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Big lift in Nike's sales and profits, despite a dip in China
While the brand was hurt by the continued cleanup of its business in China, advances in nearly all other regions enabled the Nike group to report ample growth in both sales and profits for the three months until the end of May, which was the last quarter of its financial ...
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Sportmaster eyes Chinese openings
Sportmaster, the leading Russian sports retailer, is one the latest international retail companies to try and explore the Chinese market for multi-brand retailing. Suppliers based in China confirmed that they had been approached by Sportmaster buyers as the Russian group is envisaging the opening of Chinese stores, and the company ...
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Internetstores buys Addnature
Internetstores, a German-based online retailer of bicycles and outdoor products, has signed an agreement for the acquisition of a Swedish e-tailer, Addnature, for an enterprise value of around 230 million Swedish kronor (€26.5m-$34.5m). Most of the proceeds will be reinvested into the combined company. The takeover is being financed by ...
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Halfords in management buyout
Macintosh Retail Group has agreed to a management-led buyout of its Halfords subsidiary by Peter-Jan Stormmesand, the managing director of the Dutch chain of dealerships for bicycles and bike and automotive accessories. Macintosh will fund the acquisition with a capital base of about 30 percent, giving Halfords a strong financial ...
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Bushnell goes on sale once again
The American company, which produces binoculars, rangefinders, GPS devices and owns important brands of sunglasses and sports eyewear such as Bollé and Cébé, is accepting bids until the end of this week for the takeover of the company. Bushnell Outdoor Products' shareholders are reportedly seeking a valuation of as much ...
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Pentland grows by 14.2% but profits decline
Pentland Group has reported a 14.2 percent increase in total revenues to £1.76 billion (€2.06bn-$2.68bn) in 2012, with growth of 6.3 percent excluding the results of businesses acquired in the course of the year, but the British company's profitability declined.Revenues from direct sales and licensing income went up by 6.8 ...
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Odlo opens up to new categories and fibers to boost sales
Last year, Odlo International, the Swiss-based marketer of functional sportswear, lifted its sales by 2 percent to reach a total of 146 million Swiss francs (€118.0m-$153.8m) in turnover. Jonas Ottosson, the man at the top of Peak Performance for more than two decades and chief executive of Odlo since last ...
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Strong growth for Arena, mainly in USA
Arena has reported growth of 7 percent to €110 million on a wholesale-equivalent basis in 2012 and is budgeting a further increase to €120 million for 2013. The Italian-based company scored well also in terms of profitability as its operating earnings before amortization (Ebitda) increased last year to €15.7 million ...
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Nike announces strategic leadership changes
Nike Inc announced today that Charlie Denson, president of the Nike brand and a former general manager of Nike Europe, will retire in January 2014 after 34 years with the company. In this context, Trevor Edwards is being promoted to become the new Nike brand president as of July 1, ...
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Adidas eyes €2 billion in football in 2014
Adidas told journalists converging on its head office Tuesday that it expects to achieve record sales of €2 billion in football in 2014. This compares with sales of more than €1.5 billion during the World Cup year of 2010 and a little over €1.7 billion in 2012, when Adidas benefited ...
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Adidas’ Neo label is on a good course
Along with football, running, golf, the Adidas Originals and Neo brands and apparel in general are the categories that have been growing fastest for the Adidas Group in the past two years, said its chief executive, Herbert Hainer, in an interview after the press conference. They should help the most ...
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Intersport predicts stable sales, enters Belarus
Confirming a previous estimate, Intersport International Corporation reports that its affiliated retailers around the world raised their sales by 3 percent last year to €10.2 billion after VAT, driven by football, running and fitness products. As it gets ready to open its first stores in China, Morocco and Belarus, the ...
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Swiss Intersport manages its turnaround
In the first six months of its 2012-13 financial year, ended March 31, Intersport PSC, Intersport's licensee for Switzerland, posted a decline in consolidated sales of 3.9 percent to 138.1 million Swiss francs (€112.4m-$149.8m) compared with the previous year's period. There was, however, a profit of CHF2.9 million (€2.4m-$3.1m) after ...
