Latest Headlines – Page 320
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Vulcabras’s Ebitda moves out of the red
The Brazilian company, which owns Olympikus and has a management contract with Adidas for Reebok in three Latin American countries, has reported an adjusted operating profit margin before amortization (Ebitda) of 7.1 percent for 2012, against a negative margin of 6.7 percent for the previous year. The margin even reached ...
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Four sports industry associations sign up to fight fakes
A larger number of companies in Europe, Russia and Brazil are expected to collaborate with customs authorities to fight against counterfeiting in the framework of the Brussels-based World Customs Organization (WCO), in addition to big players such as Adidas, Nike or Lacoste, which are already using its systems.A memorandum of ...
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Adidas gives more aid to Indonesian workers
Adidas announced last Thursday that it had agreed to contribute additional aid of an unspecified amount to the 2,700 workers who lost their jobs two years ago through the “unethical” closure of the PT Kizone apparel factory in Indonesia. The company also said that the union representing the workers had ...
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Lots of marketing by Oakley in Europe
Oakley has unveiled a Europe-wide integrated campaign featuring three motorsport icons: Fernando Alonso, the Spanish Formula 1 world champion, Valentino Rossi, one of the most successful motorcycle racers of all times, and Sébastien Loeb, the French rally legend. They will be featured in the company's new “Change Perspective” campaign, which ...
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Décathlon grows by 7.2% and expands fast, especially in China
Oxylane, the French group that owns Décathlon, registered total sales of €7 billion in 2012, corresponding to an increase of 7.2 percent compared with 2011. The growth rate was down from the 8.8 percent growth posted in the previous year, partly because of the poor state of the Spanish market (see the ...
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Duties on Chinese bikes likely to be extended
The European Commission is expected to recommend a continuation of the European Union's 48.5 percent anti-dumping duties on bicycles from China before a June 9 deadline for its decision on the issue; based on documents obtained by Bike Europe. It should also propose to the European Council that the duties ...
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Electronics should consolidate Babolat’s leadership
Babolat will certainly join SGI's sports equipment chart next year. In contrast to the relatively flat state of the world tennis market, the French company continues to grow at a double-digit rate, gaining market shares in several categories and several countries. Company officials feel that it may have even beaten ...
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Prince reorganizes sales functions
Prince Global Sports has been rejigging its management structure and reviewing some of its international distribution in the last few months, since the tennis and squash brand ended up with a new committed owner and a debt-free status that has enabled it to resume its investments.The changes are led by ...
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Billabong keeps the market guessing
The guessing game over Billabong International's future ownership is not yet finished. One week ago, the Australian company said that its board of directors was giving itself ten working days to examine the latest nonbinding offer from a consortium led by Sycamore Partners, the private equity fund that has been ...
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Wolverine's sales double
Wolverine Worldwide reported today a doubling in its quarterly revenues to $645.9 million for the period ended on March 31 thanks to its acquisition last October of Sperry Top-Sider, Saucony, Stride Rite and Keds. On a pro forma basis, assuming that it owned them already at the beginning of 2012, ...
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Lululemon dismisses its product czar
While making serious strides into the international market, Lululemon Athletica dismissed Sheree Waterson, who has been the chief product officer of the Canadian company since 2008, as part of a reorganization of its supply chain. Her departure has been widely linked to bad publicity about the recall of a style ...
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Direct Golf UK secures £3.5 million from RBS
Direct Golf UK announced that it has a £3.5 million (€4.1m-$5.4m) funding package backed by the Royal Bank of Scotland (RBS). The British multichannel retailer for golf equipment had been seeking funds to reduce pressure on its cash flow, due to its aggressive retail openings in the last few years. ...
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Yue Yuen's OEM operations do better than retail
The world's largest shoe manufacturer has reported relatively stable profit margins for its latest financial year, which was stretched to 15 months, ending last Dec. 31, to make it coincide with the calendar year. Rises in raw material costs and factory wages, which are partly based on the workers' performance, ...
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Rejig in Indian distribution deals
Following the example of several other Indian sporting goods manufacturers, Mayor World is the latest producer to have become active in distribution of international brands in India and neighboring countries. It has restructured its business in the last two years and obtained deals with Slazenger as well as Gola, Lonsdale ...
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Shifts in Brazilian sports footwear consumption
Global brands enlarged their share in running and football footwear in Brazil last year, judging from a presentation held by GfK in São Paulo at a conference on consumer choices. But in the overall sports shoe market, the share of the Brazilian brands increased by 1.5 percentage points to 47 ...
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Alpargatas’ sports shoes grow in Brazil, shrink in Argentina
In 2012, Alpargatas sold 9,501,000 pairs of athletic shoes in Brazil under the Topper, Rainha, Mizuno and Timberland brands, or 11.8 percent more than in the prior year, with year-on-year growth of 25.2 percent in the fourth quarter. On the other hand, Alpargatas sales of athletic shoes in Argentina fell ...
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WFSGI calls on the WHO to curb physical inactivity
The World Federation of the Sporting Goods Industry (WFSGI) has submitted proposals in behalf of the sporting goods industry to the World Health Organization (WHO) to include the promotion of physical activity in its 2013-20 global action plan for the prevention and control of non-communicable diseases (NCDs). The trade organization ...
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Analysis: The sports equipment market 2012
The global market for sports hardware rose by 6.5 percent in terms of U.S. dollars at wholesale to $65.7 billion in 2002, according to an annual survey by SGI, driven by the double-digit increases scored by Accell Group, Giant, Shimano and other important suppliers of cycling products and firearms. Rising ...
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Intersport Germany is in line to invest in Intersport Austria
Intersport Germany, the largest single cooperative of sporting goods retailers licensed by Intersport International Corporation (IIC), has signed a letter of intent for the acquisition of a majority stake in Intersport Austria, forming an even stronger supra-national nucleus within the organization.Together, Intersport Germany and Intersport Austria represent the interests of ...
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Eybl's chief resigns, speculation mounts about its fate
Rolf Frischknecht stepped down last week from his role as the only remaining member of the executive board of Sport Eybl & Sports Experts, along with Ewald Halbedl, managing director. The two have been replaced by a pair of top executives, Mike Weccardt and Hubert Schenk. Weccardt has been with ...
