Latest Headlines – Page 306
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Ispo wants to “connect” the industry
Ispo has launched a new marketing campaign to emphasize its role as the leading international networking instrument in the sporting goods sector. The colorful campaign is based on a new corporate claim around the word “Connected” (Sports. Business. Connected) developed by Messe München's new marketing partner, the Serviceplan agency in ...
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Reebok drags down Adidas' figures
The persistent decline in sales at Reebok remains a drag for the Adidas Group. The American brand's sales shrank by another 25.3 percent in constant currencies for the third quarter, which spoiled part of the 10 percent sales jump achieved by the Adidas brand. However, the entire group still recorded ...
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Reebok India’s cleanup will have major effects
Cleanup measures at Reebok India could more than halve the brand's sales in the country from next year. After large-scale irregularities were allegedly discovered earlier this year, the Adidas Group said that it would reform Reebok's relationship with retailers and franchise partners by the end of the year, which could ...
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Maus gobbles up Lacoste
The Maus Frères conglomerate is set to take over full control of Lacoste SA, the licensing company that owns the trademark rights to the brand, after its recently elected chairwoman, Sophie Lacoste-Dournel, and other members of the Lacoste family agreed last week to sell their joint stake of 28 percent ...
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PVH acquires Speedo’s U.S. licensee
PVH Corporation, the big American company that bought Izod in 1995, Calvin Klein in 2003 and Tommy Hilfiger in 2010, has now agreed to buy another big American clothing company, the Warnaco Group. Interestingly given the previous article in this issue, Izod was the former licensee of Lacoste in the ...
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Iconix sees growth opportunities for Umbro
The biggest opportunities are probably in the U.S., where Umbro became a fashionable brand of clothing worn in the discos back in the 1990s, when Nike took it over to establish itself as a leader in the football market. Iconix wants to develop the brand in the youth soccer segment ...
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One Way looks for new owners
Andreas Bennert and Lasse Korpi, owners of One Way Sport, have started negotiations on a new ownership structure to obtain synergies in production, distribution and strategic processes, to secure the Finnish company's position as a leader in Nordic sports, and to improve the overall organization. Discussions with two interested parties ...
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Asics’ quarterly net income rises by 13.8%
In the first half of its current financial year, running from April 1 to Sept. 30, Asics Corporation saw its consolidated net sales increase by 2.2 percent to ¥126,601 million (€1,253m-$1,593m). Operating earnings advanced by only 0.9 percent to ¥10,967 million (€108.5m-$137.9m), despite a decrease in advertising expenses. Thanks to ...
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Asics Europe registers an 8.4% sales increase
Asics Europe delivered an overall currency-neutral increase in net sales of 8.4 percent between January and June 2012 compared with the same period last year, in spite of challenging economic conditions in the region. Growth was mainly driven by the running apparel category and by footwear for “core performance sports.” ...
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Mizuno’s net income drops by 23.7% in first half
Mizuno recorded revenues of ¥81.3 billion (€804.3m-$1,023m) in the six months ended Sept. 30, up by 4.2 percent from the same period of the previous fiscal year. Operating profit was down by 31.6 percent to ¥3.0 billion (€29.7m-$37.7m), due to an increase in selling, general and administrative expenses attributable to ...
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Asics makes two key appointments
John Mollanger will join Asics Corporation on Nov. 16 to run a newly established global product marketing division at the company's head office in Kobe, Japan. Reporting directly to Motoi Oyama, president and chief executive of the company, he will act as managing executive officer and general manager of the ...
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New Eurochief for Wolverine
Daniel Le Vesconte will be the new managing director of Wolverine Worldwide for Europe, the Middle East and Africa (EMEA). Reporting to Bill Brown, president of Wolverine's International Group, he will be based at the group's European office in the U.K. He will have responsibility for the development and execution ...
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Blue Tomato adds three stores in Germany
The Austrian click-and-mortar action sports retailer already operates five physical stores in its home country, supplementing its international business over the internet. Last week, Blue Tomato moved across the border into Germany, placing its banner over the three existing Goodstuff stores in Munich and Rosenheim.It bought them from their owner, ...
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More sporting goods stores open in Sweden
The number of sporting goods stores in Sweden continues to grow, not only through the expansion of foreign retailers such as XXL Sport and Décathlon. Intersport recently opened two new store locations in the country: a 1,250-square-meter store in the city of Malmö, and a 1,000-m² store in the town ...
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Shimano continues to grow
Shimano reported a 13 percent increase in net sales to ¥182.7 billion (€1.81bn-$2.30bn) for the first nine months ended Sept. 30. Net income reached ¥20.5 billion (€202.8m-$257.8m), representing an increase of 79.3 percent from a year ago. Operating profit improved to ¥31.8 billion (€314.6m-$400.0m), compared with ¥22.7 billion in the ...
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Improved results for Rapala
The Finnish sports company's net profit improved to €1.3 million in the third quarter from €0.2 million in the same period a year ago. Excluding extraordinary items, the operating margin rose to 5.9 percent from 4.5 percent and net sales went up by 4 percent to €65.6 million, thanks in ...
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Winter sports bring Head down
Head's sales contracted by 2.8 percent to just under €97 million for the third quarter, due to a decline of 11.8 percent to €52.5 million in its sales of winter sports products. Since it has completed its pre-season orders, the group predicts that its winter sports sales will drop by ...
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Black Diamond opens a new ski factory in China
A few days after Jarden Corporation, parent company of K2 and Völkl, announced a new $40 million investment in ski manufacturing (we understand that the investment will be made in China, but we could not find out more about it at this stage), Black Diamond reported that it has set ...
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Basicnet’s results are down but licensees’ sales improve
Combining direct sales and royalties on licenses, Basicnet registered aggregate revenues of €119 million in the nine months ended Sept. 30, down from €123.5 million a year earlier, and consolidated net profit of €2.3 million, down from €6.1 million a year earlier. The Italian sportswear company owns many trademarks including ...
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Peak Performance ticks up after changes
Peak Performance, the Swedish ski, outdoor and golf brand, reached sales of 994 million Danish kroner (€133.3m-$169.3m) for the year until the end of September, up by nearly 2 percent compared with the same period one year earlier. The figures transpired from the results of IC Companys, the Danish fashion ...
