Latest Headlines – Page 316
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Big growth abroad for Norrøna
Norrøna, the Norwegian brand of outerwear, has sealed a distribution deal for the Japanese market with Fullmarks, which built up Haglöfs and still sells a spate of other Scandinavian brands in the country, from Poc to Aclima, Houdini and Hestra. Haglöfs set up its own business in Japan earlier this ...
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Asia lifts sales and investments at Haglöfs
Haglöfs, the Swedish outdoor brand, reported an almost flat turnover of 626.1 million Swedish kronor (€70.6m-$88.2m) for the past calendar and fiscal year, but its sales jumped by 4.5 percent in constant currencies. The company supplied figures on its own business for 2011 after Asics, the Japanese group that owns ...
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Spain tries to cope with overweight children
While the Spanish government has reduced funding for the sports sector as part of its austerity package, the Spanish Health Ministry has now announced the establishment of an observatory for the study of obesity, according to Diffusion Sport, following indications that 46 percent of the Spanish children between the ages ...
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Natural running takes off in Europe
NPD Group has taken a look at the trend toward “natural running” in Europe, and found that it makes up more than 20 percent of the core running segment in Germany. It also has a strong showing in Italy (10 percent), Spain (9 percent) and France (6 percent). The category ...
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Nike wants to sell Umbro and Cole Haan
Nike Inc. announced yesterday its intention to divest two of its brands – Umbro and Cole Haan – to concentrate on the Nike, Jordan, Converse and Hurley brands. The process, which is expected to be completed by the end of the new fiscal year, in May 2013, coincides with a ...
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Nice ratios at Sport 2000 International
The members and buying partners of Sport 2000 International had retail sales of around €5 billion in 2011, consolidating the group as the second-largest player on the European market, with an estimated market share of 13.8 percent. The sales were more or less the same as in 2010, although there ...
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Poor results for Intersport in Switzerland
The late arrival of the snow in Switzerland, the decline in tourism and a generally difficult competitive environment led Intersport PSC Holding, the Swiss licensee of Intersport International, to suffer a 17.8 percent drop in centralized settlements to 128.0 million Swiss francs (€106.6m-$132.12m) for the first six months of its ...
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Europe was the exception in Foot Locker’s good quarter.
Foot Locker reported a few days ago a record quarterly profit of $128 million for the three months ended on April 28, up 36.2 percent from the score of one year ago and higher than the level estimated by financial analysts. As previously reported, total consolidated sales rose by 8.7 ...
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Babolat grows again rapidly
After a rise of only 6 percent in the previous financial year, the big French tennis brand expects to reach a turnover of €135 million for the financial year ending on June 30, implying growth of more than 10 percent from the previous year's level of €123 million. Some of ...
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Babolat and Nike launch interactive applications
The game of tennis will not been the same from next year on, after the planned introduction by Babolat of a revolutionary, patented “play & connect” system. No information was provided about the distribution structure, the pricing or the date of its market introduction, which is planned to take place ...
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Collective trims management ahead of sale to Wolverine
Four top managers of Saucony were dismissed a few days ago as its current owner, Collective Brands, reported a drop in the brand's sales in the U.S. The casualties included Fran Allen, vice president of global sales, and Frank Warnars, the brand's European sales director.The reasons for Warnars' departure were ...
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Yue Yuen's retail subsidiary runs into a loss
Inflated rental and staff costs precipitated a loss at Pou Sheng, one of the two leading sports retailers in China, for the first six months of its financial year, until the end of March. The company's turnover increased by 9.7 percent to $846.1 million, including acquisitions that lifted the number ...
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Allegations fly in Reebok India conflict
The conflict between the Adidas Group and its former general manager in India is heating up, with Indian newspapers reporting allegations that two leading executives stole products by setting up four secret warehouses in Delhi and generating fictitious sales. They referred to a First Information Report (FIR) reportedly filed by ...
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Intersport, Bodytalk defy the Greek economy
While Greece is still in economic and political turmoil, some sports companies are continuing to thrive in the country. One of them is the Greek-based Intersport chain of sporting goods stores that belongs to the large Furlis retail group.Furlis' Intersport operation raised its sales by 12.0 percent to €90.75 million ...
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Fitness is Garmin’s best segment
Garmin recorded a 26 percent in increase in the revenues of its fitness segment to $71 million in the first quarter. It was lifted by the introduction of its second-generation watch for multiple sports activities, the Forerunner 910XT, which focuses on triathlon. The company feels that the fitness segment ...
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Alpargatas performs better than expected
Alpargatas performed better than expected in the first quarter of this year, raising its total net sales by 17 percent to 648.9 million reais (€255.7m-$325.3m), in spite of lower sales of sports products and a small temporary dip for Havaianas sandals on the European market. Higher average selling prices were ...
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MBT is bankrupt
A Swiss court in Winterthur opened bankruptcy proceedings last May 9 for Masai Group International and Masai Marketing & Trading, the two companies that own the brand rights and run the global operations of MBT, the pioneering Swiss brand of “physiological footwear.” It immediately ordered the shutdown of its new ...
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Scapino and Aktiesport in strategic tie-up
In a new strategic partnership between Dutch retailers, wich follows the intended merger of Euretco and Intres, Scapino, the largest footwear retailer in the Netherlands, has teamed up with Aktiesport, the discount-oriented sports retailer owned by the Unlimited Sports Group (USG). To start with, the partnership calls for Aktiesport to ...
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Kaufhof reduces its losses
Galeria Kaufhof, the big German retail group, which in addition to its 124 Kaufhof department stores runs 13 sports stores under the banner Sportarena and four others under the specialty outdoor banner Wanderzeit, has reported a 0.9 percent increase in sales for the first three months of this year.Including GB ...
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IOC wants to regulate social networks and more
The International Olympic Committee is warning athletes and other accredited people participating in the London Olympic Games that they must use the new social media carefully, without infringing on the rights of Olympic sponsors and authorized photographers and broadcasters.A series of guidelines issued by the IOC on social media, blogging ...
