Latest Headlines – Page 312
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Revolution Running, a new running apparel brand from the U.K.
Revolution Running, a new British-based brand, has just launched a new line of design-led clothing and accessories for running and general leisure use. The brand positions itself as targeting runners who are “ready to run a different way.” It claims that its products are aimed at consumers for whom design, ...
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Jittery investors at JJB Sports
British newspapers report that Invesco, an investment firm that holds 47 percent in JJB Sports, wants to strengthen its influence at the beleaguered British sports retail group as a means to speed up its restructuring plan. The Sunday Times heard that Invesco wanted to buy the retailer's outstanding debt with ...
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Adidas is whipped up by the Olympics
As the London Olympic Games were under way last week, the Adidas Group reported another buoyant quarter for the Three Stripes, although the entire group's performance was dampened by a steep sales decline for the Reebok brand. The company ended the quarter with a turnover of €3,517 million, up by ...
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Struggling Vulcabras loses its head
Milton Cardoso Dos Santos Filho has resigned as chief executive of Vulcabras, the big Brazilian company that owns the Olympikus brand and manages the distribution of Reebok in three Latin American countries. He has also left the company's board of directors. A public statement says that he is leaving for ...
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After cleanup, K-Swiss bets on Clean Classics
K-Swiss continued to suffer heavy declines in sales and orders in the second quarter, but the Californian sports company managed to reduce its loss as the radical cost-cutting measures launched last year started to pay off.The group's sales shrank by 31.5 percent to $44.7 million for the quarter. Its U.S. ...
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Amer’s investments buoy sales but sink income
Driven by winter and outdoor apparel, Amer Sports managed to lift its sales by 12 percent to €353.8 million in the second quarter, which was an increase of 5 percent in constant currencies, but abundant investments in own retailing and emerging markets dug a hole in the company's earnings.Sales were ...
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Therm-ic is bankrupt
Body Systems, the company that owns Therm-ic and other operations, has filed for bankruptcy protection in the court of Graz. Urs Maron, who took full ownership of the Austrian company last year, said he was preparing a legal case against its founder, David Macher, based on suspicion that he had ...
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Deckers invests in Hoka One One
Deckers Outdoor Corporation has announced a “strategic investment” in Hoka One One, the new and special brand of oversized trail running shoes first introduced for the autumn/winter 2010/11 season by Jean-Luc Diard, a former chief executive of Salomon, and by his former marketing manager, Nicolas Mermoud.As we have subsequently learnt, ...
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Inov-8 gets backing from an equity fund
This young British brand of running and fitness shoes and other performance footwear signed a deal last May for an equity increase funded by a U.K. low-cap private equity company, Isis Equity Partners, to help support its strong growth at home and abroad, its expansion into new markets and further ...
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Anta’s net falls by 17%
Anta Sports Products, a major Chinese manufacturer of athletic footwear, announced that its net profit for the six months ended June 30 was $121.7 million, down by 17 percent from the year-ago period. An official partner of the Chinese Olympic Committee, Anta remains cautious about the short-term outlook for the ...
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Garmin’s outdoor and fitness rise in the second quarter
Garmin's revenues from its outdoor segment increased by 24 percent to $100 million in the second quarter of 2012. Those of the fitness segment increased by 5 percent to $82 million, compared against a strong performance in 2011. The company's overall sales increase amounted to 7 percent. Turnover reached $718 ...
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Black Diamond’s sales grow by 13%, but net loss increases
Total sales for the Black Diamond group, based in Salt Lake City, were $31.9 million in the second quarter ended June 30, a 13 percent increase from the year-earlier period. The gross margin of the American group increased to 39.1 percent, compared with 38.9 a year ago, due to a ...
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Big growth for Totoe through diversification
Here is another fast-growing British company, which has applied to socks the kind of toe separation concept adopted by Vibram for its Fivefingers line of shoes. The company, Toetoe, has been in business for 13 years. It has just announced the launch of a line of socks based on this ...
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Analysis: The sports apparel market 2011
The global sports apparel market expanded by 8.1 percent in terms of dollars at the wholesale level in 2011, according to an annual study by Sporting Goods Intelligence, and the growth was even lower in local currencies. It was lower in contrast with the previously reported increase of 13.2 percent ...
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Far-reaching European reorganization at Puma
Puma intends to overhaul its European structure, cuttting back part of its national organizations and forming instead seven regional units – with dedicated sales and marketing staff for each country, but with regional back office functions and warehousing. The cutbacks are meant to make the company more efficient in Europe, ...
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Puma’s European sales weaken
The restructuring measures were unveiled as Puma reported weakening sales in Europe in the second quarter. They declined by 2.2 percent to €283.6 million, amounting to a decline of 3.0 percent in constant currencies. ...
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The outdoor brands invoiced 14.5% more for footwear in 2011
According to the annual survey of the market conducted by Sporting Goods Intelligence and The Outdoor Industry Compass, sales of branded outdoor shoes grew by 14.5% at the wholesale level in 2011 worldwide in terms of U.S. dollars, with increases of 9.6 percent in the U.S. and 18.6 percent in ...
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Sports Direct is entering Hungary and Iceland
Sports Direct International (SDI), the leading British sports retailer and brand owner, is moving ahead with its plan to open stores across Europe in the coming years. After its moves into Slovenia, Cyprus, Portugal and France in the last years, the company has opened its own store in Hungary and ...
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Icelandic dealer joins Stag
Sports Direct's landing in Iceland last May (see previous article) led one of the few local sporting goods retailers, Oli Sigurdarson, to join Stag, the big British buying group, which has been expanding also in Ireland lately. The main objective is to obtain better conditions from the increasing number of ...
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JJB’s CEO quits
JJB Sports reported on Friday that Keith Jones is stepping down from the role of chief executive with immediate effect. He will continue to serve in an advisory role until the end of August, just before the planned Sept. 1 enthronement of Bob Corliss as chairman. JJB said its ...
