Latest Headlines – Page 310
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Derby Cycle integrates Cervélo Europe
Derby Cycle, the leading German bicycle maker that was acquired at a majority by Pon Holdings of the Netherlands last year, lifted its sales by 10.5 percent to €219.8 million for the nine months until the end of June, in spite of the wet spring weather that depressed bicycle sales ...
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Visitors continue to rise at Eurobike
Sluggish sales in several European markets failed to dampen the atmosphere at Eurobike, which again increased its number of visitors this year. The score of more than 40,000 trade visitors last year was surpassed to reach 43,700 trade visitors over three days this year, as well as another 20,500 bicycle ...
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Ispo and SGI Europe help the industry to penetrate Brazil
It's now official: After an overwhelming response from the industry to its proposals, Messe München has decided to organize an “Ispo Matchmaking & Information Trip” to Brazil for sporting goods companies that wish to enter this important and promising market or to improve their position there. The program will run ...
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New import barriers requested in Brazil against shoe parts and clothing
The success obtained by Brazilian shoe manufacturers with the imposition of anti-dumping duties on Chinese footwear at the end of 2009 has led other interest groups to wonder whether they could do the same. On Aug. 23, Abit, the Brazilian textile and apparel industry association, filed a petition with the ...
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Alpargatas sees slimmer margins
The parent company of Havaianas and other brands recorded 16.2 percent higher sales of 1,376.2 million reais (€519.5m-$682.9m) in the first half of 2012, but its profit margins went down for the whole period as well as for the second quarter. For the six months, the gross margin was off ...
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Vulcabras sees an uptick in Q2
Vulcabras' results for the first half were mixed. Operating revenues declined by 3.1 percent to R$891.7 million (€336.2m-$442.0m), with a drop of 9.4 percent in domestic sales to R$664.7 million (€250.7m-$329.5m), but the total number of pairs sold by the Brazilian company rose by 3.5 percent to 18.0 million. Total ...
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Startex takes over Karhu’s ski license
Startex, the Finnish company that sells the Start brand of ski waxes, has obtained a license to make and sell cross-country skis, boots and poles under the Karhu brand. That should enable Karhu to regain ground in one of the product categories that have most strongly contributed to the brand's ...
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France is again the main destination for alpine skiing
France became the biggest destination for alpine skiing during the 2011-12 winter season, according to Domaines Skiables de France, the association that groups the ski lift operators in the country. They sold 55 million day passes for the season, or 3 percent more than in the previous season. Similar organizations ...
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Nike will reportedly replace Mizuno as IOC’s sponsor
Several unconfirmed reports last week indicated that Nike would take over as the official apparel supplier of the International Olympic Committee (IOC) until the end of 2016, covering the 2014 Winter Olympics and Paralympics in Sochi, as well as the 2016 Summer Games in Rio de Janeiro. Nike said it ...
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Oakley got a big kick from the Olympics
Combined with heavy spending on its “Beyond Reason” campaign, Oakley's strong visibility at the London Olympic Games has been a fantastic booster for the brand, considering the fact that it is now recording overall growth of between 15 and 20 percent in the Europe, Middle East and Africa (EMEA) region, ...
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India finally allows foreign retailers to control stores
The Indian government decided at the end of last week to allow 51 percent foreign direct investment in multi-brand retailing, after many months of dithering and sometimes virulent debate. A decision to open up the Indian retail market last November had to be put on hold as it provoked a political ...
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Group wants Adidas to pay dismissed Indonesian workers
The Clean Clothes Campaign (CCC) delivered petitions to Adidas stores in Berlin and London, and to the company's U.S. head office in Oregon earlier this month, demanding that Adidas pay compensation of $1.8 million to former workers at PT Kizone, an Indonesian apparel manufacturer that became insolvent last April. The ...
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Some major retail players outperform a flat European market
The lack of a major international sports event, unseasonal weather conditions and the poor economic situation in certain countries led European consumers to take a pause in their purchases of sporting goods in 2011. According to the annual retail survey of SGI Europe, which covers 15 European countries, retail sales ...
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Dick’s writes off JJB investment
Dick's Sporting Goods has entirely written off the investment it made earlier this year in JJB Sports, the ailing British sports retailer. This led to a pre-tax impairment charge of $32.4 million in the quarterly results of the U.S. sports retailer.April, Dick's invested £20 million (€25.2m-$31.6m) in new JJB shares ...
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Foot Locker posts new record results
Net earnings jumped by 59.5 percent to $59 million for the second quarter ended July 28 for the Foot Locker group as its global sales rose by 7.2 percent to $1,367 million. The revenues would have risen by 10.6 percent if currency exchange rates had remained the same. On a ...
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Mifa acquires an insolvent competitor, Steppenwolf
Mifa acquired all of the significant assets of Steppenwolf as of Aug. 21. Both the Steppenwolf parent company and Steppenwolf Bikes, the operating company, filed for insolvency in the Munich court on July 26. Steppenwolf has been producing sports bikes in the upper price segment since 1995. They have been ...
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Active Sportswear sells H²0
Active Sportswear International, the Danish multi-brand sports company that acquired H²O four years ago, has sold it to a newly established firm, H²O Sportswear. Behind this entity are four investors who want to relaunch the brand by focusing on its strongest categories, from skiwear to lifestyle products, working with a ...
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Pentland and JD exchange brands
JD Sports Fashion, the British sports and fashion retail group, has agreed to sell Canterbury, the rugby brand, to the Pentland Group at a price of £22.7 million (€28.6m-$35.9m) in cash. Meanwhile, the retailer will buy the One True Saxon fashion brand from Pentland at £50,000 (€63,050-$78,970). The deal is ...
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Tecnica Group gets a new CEO from outside the family
Peter Weaver, a highly respected American executive who has been running Tecnica Group USA for five years, will act as the new chief executive of the Italian-based Tecnica Group, starting next week. He will also act as a member of the supervisory board, participating in the decision-making process.Weaver, 59, will ...
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Rossignol places Steele in charge of the U.S., Petrick goes back to K2
Ron Steele has been promoted to president of Group Rossignol North America. Formerly the vice president of sales and marketing for Rossignol USA, Steele takes the place of Tim Petrick, who has resigned from the role he has held for the last 20 months. The latter has been appointed by ...
