Latest Headlines – Page 323
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Softening market growth in China
In a presentation made on the eve of last week's Ispo Beijing show, Robbert de Kock, secretary-general of the World Federation of the Sporting Goods Industry (WFSGI), outlined some of the key trends in the Chinese market. Based in part on research made by NPD and GfK, WFSGI estimates that ...
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The BRICS offer big opportunities for internationalization
The numerous challenges and opportunities presented by the world's emerging markets, which we have started to cover more intensely in our publications, were among the most interesting topics discussed in recent months at Empreintes, a convention on brand-building held every two years in Bordeaux. Interestingly, the topic was also on ...
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PPR wants annual sport & lifestyle sales of €9.6 billion by 2020
Describing it as an “ambition” rather than a goal, the management of PPR told financial analysts yesterday that the group would like to reach a level of €24 billion in revenues by the year 2020, with 40 percent of that coming from its expanding sport and lifestyle division, whose brand ...
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Puma is performing better than expected
Puma has begun to reap the benefits of the new strategic offensive it launched at the end of 2010, as its sales jumped by 15.6 percent to €720.5 million for the fourth quarter of 2011, with robust growth in all the regions and all the product categories. The rise reached ...
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Billabong slims down ahead of a possible sale
Confirming a report that it received a non-binding takeover offer from Texas Pacific Group a few days ago, Billabong International's management announced today the partial sale of its brand of sports watches, Nixon, to another equity fund, Trilantic Capital Partners, generating net proceeds of US$285 million. It also announced a ...
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VF is ready for further acquisitions
VF Corporation said that it has the financial and managerial resources to carry out further acquisitions but warned that it is unlikely to achieve a deal the size of Timberland over the next 12 months. VF bought the footwear brand in June 2011 for about $2 billion.The comments come as ...
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Euretco is set to get the Intersport license for the Netherlands
There is nothing official yet, but according to Dutch officials involved in the transaction, Euretco and Intres, the Dutch buying groups that run the Sport 2000 and Intersport banners in the Netherlands, respectively, have firmed up plans to retain Intersport as their only joint licensed banner if their intended merger ...
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Higher-than-expected sales at Sports Direct
Sports Direct may resume the payment of dividend and distribute a large amount of shares to its main shareholder, Mike Ashley, after posting higher-than-expected third-quarter results thanks to strong sales over the Christmas period.Revenues in the 13 weeks to Jan. 22 were up by 9.1 percent to £453.8 million (€542.8m-$712.5m) ...
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Big progress for Bogner
The premium segment of the skiwear market, where Bogner continues to be the absolute leader, is not suffering from the economic crisis or from the uncertain snow conditions. The Willy Bogner company stepped over the €200 million threshold for the first time during the financial year ended last Oct. 31 ...
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La Sportiva launches its clothing line
The new collection of technical outerwear launched by La Sportiva in collaboration with its Korean licensee, Samsung, was a great success at the Ispo fair in Munich earlier this month. Designed primarily for ski mountaineering, alpine touring and freeride skiing, the line uses Gore-Tex membranes and is certified by Bluesign. ...
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Vibram posts strong sales; concentrates on snow sports
Vibram, which was picked by REI as one of the vendors of the year for the second consecutive year, reached sales of nearly €200 million in 2011. The figure cannot be compared with the previous year because the company that represents Vibram in the U.S. is no longer ...
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Rapala buys into ice fishing
Rapala VMC is expanding its presence in ice fishing thanks to the acquisition of the assets of the American company Strike Master Corporation and of the worldwide use of the Mora ICE brand. In 2011, the group already generated €7 million in sales in ice fishing. The new businesses will ...
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Rapala’s fourth-quarter sales were lifted by North America
Rapala VMC Corporation finished the fourth quarter with a 1 percent rise in sales to €60.8 million, underpinned by the North American market, which was up by 12 percent to €18.7 million. Market expectations were for a quarterly turnover of €62.0 million.Sales fell by 13 percent to €21.7 million in ...
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Shimano will grow less in 2012
Shimano finished 2011 with a 3.8 percent increase in sales to ¥221.8 billion (€2.15bn-$2.83bn), while the operating income dropped by 3.1 percent to ¥31.7 billion (€307.8m-$404.1m). The ordinary income surged by 14.2 percent to ¥31.7 billion and the net income was up by 3.9 percent to ¥19.9 billion (€193.2m-$253.7m). The ...
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Four Chinese firms win an anti-dumping lawsuit against the EU
Four Chinese companies – Brosmann Footwear, Seasonable Footwear, Lung Pao Footwear and Risen Footwear – have won a lawsuit against the European Union in the European Court of Justice on the grounds that they were not given the chance to prove they were not subject to anti-dumping duties. Another group ...
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Li-Ning is adjusting its structure
Li-Ning has announced that it is adjusting its organizational structure. The company says this is part of its reorganization plan for 2012, which foresees the Chinese brand optimizing its operational efficiency and improving its gross margin. To do so, Li-Ning will put its focus on its core business, meaning that ...
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Vietnam factories are wooing workers
It's a repeat of what has already been happening in the eastern part of China. As many workers are not returning to their factories in Vietnam after the Lunar New Year and Tet holidays, the local apparel and footwear manufacturing companies are making pitches to attract thousands of badly needed ...
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Basicnet’s aggregate sales rise by 14.8%
Basicnet reported a 14.8 percent increase in its direct sales and those of its licenses in the full year to €422 million, driven by strong growth in the Asia-Pacific region. The group aims to continue expanding abroad and at home in 2012.Turnover was up in all regions, with sales in ...
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Warm winter drags New Wave down
The Sport & Leisure unit of the New Wave Group, including the Craft and Cutter & Buck brands along with licenses for Speedo and Umbro, saw its sales drop by 10 percent in comparable terms in the last quarter, as it was hit by warm weather in Sweden and other ...
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Tepid weather affects Peak Performance
Henrik Bunge, the general manager of the Adidas Group in the Nordics, is eagerly awaited at Peak Performance, where he will start from the beginning of May at the latest: IC Companys, the Danish group that owns the Swedish brand and a gaggle of fashion labels, is strongly relying on ...
