Latest Headlines – Page 317
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Nike will reward contract manufacturers for sustainability
While working with fewer factories in the last couple of years, Nike has been auditing more of them for compliance with higher standards of labor and environmental performance. From now on, the Swoosh will integrate these standards into a new ”Sourcing and Manfacturing Sustainability Index” that will give them priority ...
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Asics grows sharply in Europe
Continuing its strong growth, Asics Europe announced a 15.3 percent increase in its sales for the 2011 calendar year, excluding the acquisition of Haglöfs. Sales of running shoes and running apparel grew by 22 and 26 percent, respectively. In tennis, Asics posted a double-digit increase in its footwear and a ...
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Warm weather affects Head’s results
Head recorded a drop of 70.9 percent to €2.2 million in its net loss for the first quarter of 2012 as its revenues jumped by 17.1 percent to €70.0 million for the period. The group's gross margin remained virtually unchanged at 42.7 percent and its operating losses were cut in ...
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Black Diamond enjoys strong increases
Sales grew by 19 percent to $46.4 million at Black Diamond in the first quarter, thanks in particular to strong sales of carabiners, lights, poles, harnesses and ice gear, which offset softer sales of big-ticket ski products, gloves and mittens.Gregory Mountain Products boosted sales by 25 percent as it benefited ...
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Flat sales at Johnson
Johnson Outdoors reported essentially flat sales of $128.7 million for the second quarter of its financial year, ended March 31. The gross margin declined to 39.3 percent from 41.1 percent, but operating earnings rose by 22.4 percent to $14.0 million, thanks in part to a favorable $3.5 million settlement with ...
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The European boardsports market declined in 2011
In announcing the 9th edition of the International Surfing Day, scheduled for June 24, EuroSIMA, the European Surf Industry Association, has published some figures about the global summer boardsports market. According to a study conducted by NPD for the international organization, consumption of the related products grew by 3 percent ...
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X Games become more international and lifestyle
Brazil, Germany and Spain will join the U.S.and France over the next three years as hosts of ESPN's X Games. Following a bidding process for the best new locations that began one year ago, ESPN selected Foz do Iguaçu, Munich and Aspen, Colorado, as additional sites for the action sports ...
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Switzerland recovers from a big slump
The Swiss sporting goods market declined in 2011 by 11.5 percent to a level of around 2 billion Swiss francs (€1.7bn-$2.1bn), according to the latest estimates by Asmas, the Swiss sporting goods retailers' federation. It was the worst level since 2001. This official figure excludes sales of bicycles and other ...
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The Swiss walk, bike and run more, ski less
The Mach Consumer 2011 study of sports participation in Switzerland shows a certain stability overall in the total number of people who practice any type of sports, but it shows important variations in the types of sports activities practiced compared with 2001. It also shows for the first time that ...
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Swedish sports retailers had worst results in 15 years
Despite a recovery in the Swedish economy, 2011 was the worst trading year since 1996 for Swedish sporting goods retailers. After several years of excellent growth, sales slowed down. According to HUI Research, the sporting goods retailers' turnover amounted to 21.7 billion Swedish kronor (€2.4bn-$3.1bn), a drop of 0.9 percent ...
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Cross-country skis performed best in Sweden two years ago
The cold and snowy 2010-11 winter season in Sweden probably resulted in a record year for sales of cross-country skis, according to a study recently released by Sportfack on the country's winter sporting goods hardware market. The analysis, which is compiled by Sportfack roughly every two years, was based on ...
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Xidelong’s growth may be tapering down
Sales and profits continued to grow at a brisk double-digit pace in 2011 for Exceed Company, the parent of the Chinese Xidelong brand of sports shoes and clothing. However, the company revealed that the total value of wholesale orders collected at its house fair in Jinjiang last Dec. 15-19 showed an ...
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Slower growth for Chines bikes
The 22nd China Cycle Show wrapped up at the end of April after recapping the industry's growth and statistics – and potential for growth in the future. Ma Zhongchao, the president of the China Bicycle Association, warned that the industry will face a lower growth rate in coming years.In 2011, ...
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Dorel goes direct in China
Dorel Industries plans to start selling Cannondale and GT bicycles on a direct basis on the Chinese market this coming summer. The management of the Canadian group points out that the market is ready for these brands to take the business over from their local distributors as more and more ...
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Go Sport and Hervis want to do some purchasing together
The French-based Groupe Go Sport retail group and Hervis Sport, the Austrian-based sports retail subsidiary of the Spar group, have signed an agreement in principle to share purchasing operations for their 500-odd directly operated stores in eight European countries, starting with the spring/summer 2013 collections. Together, Go Sport and Hervis ...
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Adidas outperforms in Europe and China
The Adidas Group has boasted that it had been racing far ahead of its rivals in the last months, as it outperformed the market in Europe and China. The company's achievements for the first quarter encouraged it to publish preliminary results three days earlier than planned last week, and to ...
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Adidas cleans up the act for Reebok in India
Reebok India is to undergo a substantial cleanup after the Adidas Group found large-scale “commercial irregularities” at the company. Adidas said that they could have a negative pre-tax impact of up to €125 million over several previous years, which will probably require adjustments in the its financial reports. The restructuring ...
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Prince goes bankrupt, but Europe is spared
Prince Sports Group has filed a voluntary petition for bankruptcy protection and reorganization for the U.S. operations. The move is seen as only an effort to clean up the tennis company's debt, especially with its Asian suppliers, prior to its takeover by Authentic Brands Group (ABG), owner of Taiput and ...
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Wolverine acquires Collective’s shoe brands
Wolverine Worldwide, parent company of Hush Puppies, Merrell, Sebago and other brands, announced on May 1 that it has won the bidding process for the Performance + Lifestyle Group (PLG) of Collective Brands, which includes four iconic shoe brands - Saucony, Sperry Top-Sider, Stride Rite and Keds – forming what ...
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Interesting new football sponsorships
Umbro had a contract with the Manchester City football club until 2019, but as it owns the brand, Nike is taking over from it as the sponsor of the British team for the next six seasons, reportedly for £12 million (€14.8m-$19.4m) per year. At the same time, it is negotiating ...
