Latest Headlines – Page 318
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Franz Julen will steer Intersport through 2018
The supervisory board of Intersport International Corporation (IIC) has extended the mandate of Franz Julen as the chief executive of the retail organization ahead of schedule, making it run for five more years than previously planned, until the end of 2018. The news is not surprising, considering the very good ...
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European Commission investigates Chinese bike subsidies
The European Commission has taken up a complaint by the European Bicycle Manufacturers Association (EBMA), arguing that Chinese bicycle makers benefit from government subsidies. The commission has 13 months to complete an investigation into the matter, which might lead to extra duties for Chinese bicycles coming into the European Union.Last ...
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Sharply improved results for Shimano
Sales increased by 22.7 percent to 62.47 billion yen (€597.8m-$781.8m) in Shimano's first quarter, ended March 31, but the boom is unlikely to continue at the same pace in the next few months. The Japanese company is predicting increases of only 10.1 percent for the first half and 5.1 percent ...
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Lower results for Rapala
Rapala, which controls Peltonen and is a major distribution partner of Shimano in the European market, reported a 2 percent drop in its revenues to €73.5 million for the first quarter, partly due to a later and short winter in the Nordic countries that led to a drop in its ...
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Basicnet takes over Fashion Network
Basicnet has won a bid to take over the leases of 22 outlets and discount stores, mostly located in Italian factory outlet centers, that the bankrupt Mariella Burani Fashion Group had taken over from the former Gruppo Finanziario Tessile. They will be rebranded in the next 10 months to sell ...
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K-Swiss bets on Clean Classics
K-Swiss saw its shares tumble last week as the Californian company reported that its sales had slumped and its orders were on the slide. The company's entire turnover decreased by 4.3 percent to $69.3 million for the first quarter, with an increase of 17.8 percent to $48.5 million in international ...
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Oakley launches a big campaign in Europe
Already launched last month in the U.S., Oakley's new “Beyond Reason” campaign is going live now throughout Europe, Middle East and Africa (Emea), where sales of the brand are growing at an annual average of about 20 percent, faster than in the rest of the world. The campaign centers on ...
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Europe weighs on Puma’s results
Puma's sales expansion slowed down in the first quarter of this year, rising by only 6.1 percent to €820.9 million, due to a 1.7 percent fall in European revenues to €368.0 million. Franz Koch, the company's chief executive, said that European sales had been affected by the tight economic situation, ...
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PPR sticks to Puma
PPR, the French luxury, sport and retail group that owns slightly more than 80 percent of Puma's shares, dismissed rumors that it might sell the German sports company after its unconvincing quarterly performance. PPR's chief financial officer, Jean-Marc Duplaix, admitted in a conference call that Puma had been under-performing in ...
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Sports Direct upgrades bonus targets after sales hike
Sports Direct International (SDI), the leading British sports retailer and wholesaler, lifted its sales by 13.2 percent to £267.6 million (€328.2m-$434.2m) in the nine weeks ended on March 25. The company's trading update further showed a 13.5 percent rise in gross profit to £99.8 million (€122.4m-$161.9m).The sales increase was ...
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Amer predicts lower winter sports pre-orders
Buoyant apparel and footwear sales pushed the Amer Sports group's sales up by 9 percent to €489.8 million for the first quarter, with an increase of 7 percent in constant currencies, but the company's winter sports unit was hurt by the mild winter and the group warned that its pre-orders ...
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Global equipment market expands by 4.0% in 2011
The global sports equipment market came just short of $60 billion at wholesale in 2011, up from $57.7 billion the previous year, as the sector continued to recover from the recession with steady increases in the low- to mid-single-digit range. However, the market has yet to return to the sales ...
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Head reports a decline in winter sports market
Head estimated in its annual report that the winter sports market reached a global turnover of €900 million in 2011, down from €920 million in wholesale value the year before. The Austrian company estimates that sales of skis amounted to €310 million, bindings €150 million, boots €230 million and snowboards ...
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Accell issues shares to buy Raleigh
The Accell Group said it had reached an agreement to acquire all of the outstanding shares of Raleigh Cycle at a price of about €60 million. Pending approval by the German competition authorities, the deal is expected to be completed by the end of May.The Dutch group already owns a ...
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Callaway improves, but not fast enough
Callaway Golf has taken a flurry of decisive measures in the last months to sharpen its focus on the Callaway and Odyssey equipment brands. However, the golf equipment company has downgraded its sales guidance for the first half of the year, as the improvements it achieved in the first quarter ...
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Skins inks strategic deal with Itochu
Skins, the Swiss-based specialist in compression sports apparel, has inked a strategic deal with Itochu, including the sale of its trademark rights to the Japanese group for distribution in Japan, China, South Korea, Taiwan and Hong Kong. Skins said it had an option to buy back the rights after ten ...
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News international arm for USG
Unlimited Sports Group (USG), the large-scale Dutch sports retailer, distributor and brand owner, is setting up an international unit for both its retail and wholesale activities. It will be based in the U.K. and headed by Steve Preston, who previously supervised USG's retail business in the Netherlands and Belgium.Preston was ...
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International sales drive Lafuma’s growth
The Lafuma group saw its turnover increase by about 8 percent to €132.1 million, as ample gains by the group's outdoor brands more than made up for a sharp decline in the sales of the Oxbow surf brand. The expansion was largely driven by international sales, which jumped by 15.8 ...
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New Spanish distributor for Li Ning!: Jorcani
Li Ning, the Chinese sports brand, has changed its distributor in Spain, switching from LN Plus in Madrid to Jorcani in Barcelona. Spain is one of the European markets where Li Ning has invested most prominently in the last years, obtaining endorsement deals from the country's national basketball team as ...
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Dip in Finnish sports market
The Finnish sporting goods market saw its sales dip by 2 percent to nearly €1,094 million including VAT last year, it was estimated by Sporttimyyjä, the country's specialist magazine. The leading sports retailers suffered most, while specialist retailers and discounters lifted their sales.The sports stores related to the Kesko group ...
