Latest Headlines – Page 330
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Marker Völkl goes direct in France
As it has already done in other countries, Marker Völkl is distancing itself from its longtime Italian partner in France. As of Nov. 1, sales and marketing of Marker and Völkl in the country shifted from the French subsidiary of Tecnica Group to a newly created French subsidiary of Marker ...
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Jarden’s outdoor segment grows by 17%
Jarden Corporation is predicting a sales increase of more than 3 percent for its Outdoor Solutions segment for this year. At $707.3 million, the segment's sales were up by 17.0 percent in the third quarter from the corresponding level a year ago, and they generated a 24.7 percent higher profit ...
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Greek shipping magnate may buy Kaufhof
After the investment company of Nicolas Berggruen recently acquired Karstadt, which has just launched a karstadtsport.de e-commerce operation, another investment firm, Signa, is said to be in the running of take over its major rival, Kaufhof.However, Metro stressed last week that it is in no hurry to sell its department ...
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Skullcandy sets up European office
Confirming an earlier report, the American supplier of trendy headphones for sports enthusiasts and other people says it is setting up a European sales office in Zurich that will have a staff of 13 to 15 employees by the end of this year, rising to 25 to 30 by the ...
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Shimano reels back its forecast
Shimano trimmed its sales and profit forecast for the full year as it suffered from the weakness of the American and European economies in the last quarter, as well as the appreciation of the yen. The Japanese company still managed to lift its sales by 3.7 percent to ¥161,602 (€1,503m-$2,069m) ...
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Rapala expands Indonesian facility
VMC, Rapala's hook manufacturing unit, has decided to establish a production line in Indonesia. The site will be located near the group's lure manufacturing facility on Batam Island, a special economic zone set up by Indonesia and Singapore.The factory will mainly produce single hooks and serve Rapala's lure manufacturing sites ...
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Puma grows by 10.2% currency-neutral
The expansion of Puma's apparel range and an increasing number of product initiatives aimed at differentiating its lifestyle and performance sports offerings helped to boost the company's sales in the third quarter ended Sept. 30. They grew by 7.3 percent in euros to €841.6 million, but in terms of local ...
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VF Corp. raises guidance after a good quarter
VF Corporation's net profit rose by 23.8 percent to $301.4 million in the quarter, beating analysts' estimates, as total revenues increased by 23.3 percent to $2.75 billion, driven by strong gains at Vans and The North Face and by better-than expected results for newly acquired Timberland. Excluding Timberland and its ...
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Intersport Sweden closes ranks ahead of market upheavals
The upheavals to come in the Swedish sports market have precipitated far-reaching strategic changes at Intersport Sverige, which is going ahead with the near-complete integration of its stores and introducing the Budget Sport banner in the country next year.Budget Sport, a low-cost format that has already been introduced by Intersport ...
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Yet another entrant in the crowded Swedish market
Usports, a new Swedish sports retailer, is to open its first store on 5,000 square meters in Malmö this week. The retailer's business plan calls for the opening of two more stores next year, starting with Vasteras, and then four to five openings per year to reach a network of ...
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Go Sport had a mixed quarter
Groupe Go Sport has reported a 4.6 percent drop in its consolidated revenues to €181.8 million for the third quarter ended Sept. 30, down by 3.7 percent on the basis of comparable stores and currency exchange rates. Sales in France were off by 4.9 percent to €168.4 million, while those ...
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Eybl grows modestly
Intersport Eybl & Sports Experts (EAG), Austria's leading sporting goods retailer, increased its total sales by 2.5 percent to €410 million in the fiscal year ended Aug. 31. The share of Sports Experts, the group's discount chain, was €136 million. Across the group, the major sales increases were recorded in ...
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Odlo returns to Norwegian market on its own
Odlo is stepping u itsp investments in Norway with the opening of a full-fledged sales subsidiary, along with a mono-brand store due to open in the center of Oslo next month. The Swiss-based company specializing in underwear and base layers has hired Terje Andersen, Norwegian country manager at Polar, to ...
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Finland’s Sultrade bought by larger distribution firm
Oy Sultrade, a leading sports distribution company in Finland, has been acquired by Oy Transmeri, a larger Finnish company specializing in the distribution of fast-moving consumer goods, from cosmetics to food and fashion. Like Sultrade, Transmeri is located in the Finnish town of Espoo.Formerly owned by the Forsström family, Sultrade ...
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Adidas tightens European management
The Adidas Group has decided to tighten its management in Western Europe by concentrating its eight existing regional units into just five of them. Under the new structure, which will be implemented before the end of the year, only the five managers of these units will report directly to Roland ...
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Adidas Group heightens Russian investments
The Adidas Group predicts that it will achieve annual sales of more than €1 billion in Russia, the nine other CIS countries and the Ukraine by 2013, barring any radical swings in exchange rates. The company is already by far the market leader in Russia, with the Adidas brand commanding ...
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Bauer grows strongly
Bauer Performance Sports continues to report rapid growth, which it attributes to innovative products and special marketing initiatives, and the company is said to be planning to launch an innovative family of products next year, combining tradition with a better fit.The Canadian-based leader in the ice hockey sector, recently divested ...
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New directions at Erhard Sport
Clemens Weigand is the new general manager of Erhard Sport, where he also acts as head of sales, with the task of making the German company's business more sports-relevant and to develop it beyond the realm of the German gyms, sports halls and other sports facilities that buy its numerous ...
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Chinese firms reorganize as market slows down
Anta Sports says it expects a slowdown in the sales of its retail partners on a same-store basis in the third quarter, with a more “flexible and relaxed” policy on retail discounts, because of a generally “challenging” sportswear retail market in China. While the company has been opening between ...
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Lotto tries hard to raise prices
Lotto Sport Italia made a small recovery last year, as its wholesale-equivalent revenues grew by €1 million to €294 million in 2010, driven by its licensees in Asia and Latin America, after a decline to €293 million in 2009 that was clearly induced by the economic recession. The momentum continued ...
