Latest Headlines – Page 331
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Sportswear becomes a division of Head
Head NV has decided to handle sportswear as a separate division within Head NV, starting from Jan. 2012. Next to the existing divisions - winter sports, racquet sports and diving - sportswear will be established as an independent division of Head NV. Klaus Thurner will be responsible for the company's ...
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BioTee spreads internationally
Described as the first 100 percent biodegradable golf tee, BioTee is only 12 months old, but it has already developed an international network of distributors, and it has become the official tee of the Swiss PGA. Biotech Solutions, the Spanish company that developed the product, producing it with renewable energy, ...
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The world’s major sports retailers grow by 6.4%
Recovering from a decline of 1.5 percent endured in 2009, the world's largest sporting goods retail chains enjoyed a 6.4 percent increase in their sales in terms of local currencies in 2010, according to an annual survey by Sporting Goods Intelligence, outperforming the 4 percent growth of the global market ...
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U.S. forces Reebok to refund money for deceptive toning claims
Reebok International has entered a settlement with the U.S. Federal Trade Commission that will see it paying out $25 million in refunds to U.S. customers who bought its toning footwear. Reebok claimed that the shoes helped tone and strengthen glutes by 28 percent more than conventional footwear and hamstrings and ...
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Dutch court reduces fines on bike firms
The Dutch court of appeals for trade and industry, CBP, has sharply reduced fines previously imposed by the Dutch competition authority, NMA, on three bicycle makers operating in the Netherlands. The NMA had ruled that Accell Group, Gazelle and Giant breached competition rules in 2000 by exchanging information on the ...
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Wolverine’s at-once orders rise in an uncertain economic environment
Wolverine World Wide experienced accelerated growth in at-once orders during the third quarter ended on Sept. 10, as retailers were increasingly concerned about the business environment due to uncertainty about the economic outlook in the U.S. and in Europe.In the three-month period, at-once orders rose by a “mid-teens” rate, as ...
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Peak Performance loses its chief executive
Jonas Ottosson, the long-time chief executive of Peak Performance, left the Swedish winter sports, outdoor and golf apparel company two weeks ago over strategic disagreements with its Danish owner, IC Companys. While IC Companys is searching for a replacement, Ann Larsson, chief financial officer, is Peak Performance's interim chief executive. ...
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Tecnica Group federates Spanish distribution
Tecnica Group will be uniting most of its distribution operations in the Spanish market under one roof from January 2012, as it has already done in other markets. Some of its major brands - Nordica, Rollerblade, Tecnica, Blizzard and Dolomite – will be sold by BM Sportech, which was only ...
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Positive trend for Swedish and the Norwegian sporting goods industry
With strong late summer sales, Sweden's sporting goods industry continues to show positive figures. As reported by Sportfack, the Swedish sporting goods industry magazine, the country's sporting goods sales rose by 2.5 percent in August compared with the same month last year. This contributes to a 0.9 percent increase in ...
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Missing Link slashes costs, prepares rebound
New management at Missing Link Group, a Norwegian group of outdoor and winter sports apparel brands, has drastically cut its costs and upgraded its product range to resume sales growth and halt the losses it has been suffering for the last two years.Linda Refvik, who had been heading the company ...
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Bodytalk defies Greek upheavals
Bodytalk, the Greek fitness and fashion apparel brand, is defying the upheavals in the Greek economy with robust growth so far this year. It has continued to build up its international business, and made up for the closure of some sports stores by opening more outlets of its own.Bodytalk's turnover ...
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Quick steps up apparel after buyout from AFG
Rini van Trigt, who has been involved with the Dutch Quick brand of sports-inspired shoes for many years, has bought out the minority stake owned by the Achten Fashion Group (AFG) in Marrini, the Dutch holding company that indirectly owns the rights to the brand. The company is now planning ...
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Annecy plays host to major European events
The French alpine city of Annecy is playing host to three major sports-related events. Some 5,000 spectators attended the second European edition of IF3, the Freeski Film Festival, held in Annecy, France, from Sept. 30 to Oct. 2. Sponsored by EuroSima, the festival involved 31 films by 30 different producers. ...
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Growth of 4% for the global sports market
Recovering from the unusual drop of 2 percent that it endured in 2009, consumption of sporting goods grew by 4 percent in constant currencies to an estimated €226 billion worldwide in 2010, according to an annual report released by NPD Group. It returned to the growth rate experienced both in ...
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Sluggish sales in Europe and China fail to spoil Nike’s brilliant quarter
Some of Nike's European managers must have felt their ears burning this week as Charlie Denson, president of the Nike brand, pointed to the company's insufficient sharpness in Western Europe – the only region where the Nike brand's underlying sales were flat amid an otherwise buoyant performance for the three ...
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Rising costs begin to bite at Nike
The long-awaited hit on the gross margin of leading sporting goods companies materialized in Nike's results for its first fiscal quarter, as its gross margin fell by a hefty 2.7 percent to 44.3 percent. The drop was partly blamed on more discounts but was chiefly attributed to higher product costs. ...
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JD Sports lost £700,000 million in stock in riots
JD Sports Fashion said that £0.7 million (€761,100-$1.0m) in stock was looted from 16 of its stores during the riots that exploded in England between Aug. 6-10, with six stores in the London area suffering very significant thefts. The company also endured damage to stores in Birmingham, Manchester and Nottingham.The ...
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Derby welcomes Pon’s proposed takeover
Pon Holdings, a large Dutch car importer acquired Gazelle, the leading bicycle brand in the Netherlands, earlier this year. Pon followed up last week with a plan to make an offer for all the shares of Derby Cycle, the leading German bicycle maker, forming a group with leading brands in ...
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VF shifts top Euro staff to the head up Timberland
Patrik Frisk, who has been in charge of VF Corporation's outdoor and action sports unit in Europe, the Middle East and Africa (EMEA) for the last two years, has been placed at the helm of Timberland after VF completed its acquisition of The Timberland Company, the owner of the Timberland ...
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Gresvig buys members to strike harder in Norwegian retail battle
Gresvig, the leading buying group in Norwegian sports retailing, has been buying up several of its largest retail members in the last months, as the opening of large stores focusing on cheap prices like those of XXL Sport is putting pressure on the business of smaller urban stores.Gresvig runs the ...
