Latest Headlines – Page 334
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Easton-Bell’s higher-end products sell well
The American group reports increased sales of Giro cycling helmets in the specialty channel during the second quarter ended July 2, combined with higher sales of Easton branded cycling wheels and components, higher sales of high-priced power sports helmets and the introduction of the new line of Giro branded cycling ...
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Black Diamond Inc.improves sales and margins
Black Diamond Inc., the marketer of the Black Diamond and Gregory brands, reached sales of $28.3 million in the second quarter ended June 30, compared with $7.7 million in the same period of 2010. On a pro forma basis, including the sales of Gregory Mountain Products prior to its acquistion ...
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Xidelong’s owner shifts output to inland China
Noting that all the players in the athletic footwear and apparel market are facing weaker bargaining power with Chinese subcontractors, Exceed Company says it plans to capitalize on the abundant supply of labor in the inner and western parts of China, acquiring local manufacturers of footwear soles and apparel and ...
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OutDry gets new clients, keeps busy on the legal front
OutDry Technologies, the company acquired by Columbia Sportswear one year ago, has found several new customers for the application of its water-resistant membranes to gloves. One is Browning, the hunting gear company. Another one is a company in the bike sector whose identity will be revealed just before next month's ...
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Rocky Brands improves margins on less military
Rocky Brands suffered a decline in sales to the U.S. military as well. It was partly offset by higher retail and wholesale revenues, but the drop nevertheless led to a decline of 5.5 percent in total sales to $52.3 million in the second quarterAs military sales carry lower prices and ...
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Bikes are used by 7% of EU populace
A study of citizens of the 27 member countries of the European Union by the Gallup Organization has found that about 35 million Europeans, or 7 percent of the total, use a bicycle as their primary means of transportation. The EU commissioned the study, which also found that 53 percent ...
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Adidas charges ahead, Reebok suffers American dip
After a second quarter marked by robust underlying growth in all regions, the Adidas group lifted its sales forecast for the full year. While Reebok's drive weakened, the Adidas brand continued to charge ahead, with particularly remarkable gains in Europe. The entire group's sales jumped by 5.0 percent to €3,064 ...
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Puma’s quarterly sales accelerate
Puma confirmed its goal of reaching revenues of €3 billion this year after posting sales of €673.5 million in the second quarter, up by 9.4 percent in euros and by 14.1 percent in constant currencies. Including sales under license, global brand revenues increased by 9.9 percent to €709 million, 14.4 ...
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Cobra ready to strike after Puma takeover
Just over one year after Puma's acquisition of Cobra Golf, the golf entity of the Puma group has completed its integration and is preparing to take full advantage of the tie-up, with reinforced sales teams and wider distribution.The number of employees at Cobra Puma Golf at its head office in ...
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Callaway wants to spend less, market more
In reporting on a disappointing quarter for Callaway Golf, Tony Thornley, the member of the board who was appointed interim president and chief executive in June, announced a new restructuring plan supposed to save about $50 million a year. Up to half of those savings will be reinvested in incremental ...
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Amer’s results get a hit in tennis and golf
The sluggishness of the golf and tennis markets badly deflated sales of the Wilson brand in the second quarter. The racquet sports unit of the Amer Sports group, which owns Wilson, saw its sales decline by 17 percent to €58.5 million for the three months, down by 12 percent in ...
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Japanese disasters fail to halt Asics, apparel takes off
The devastation that hit part of Japan in March has not prevented Asics, the Japanese group specialized in running products, from pursuing its sales expansion for the quarter ended in June. The turnover of the Asics brand for the three months jumped by 10 percent to ¥65,367 million (€581.7m-$823.1m), with ...
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K-Swiss issues a warning on margins, but wants profit in 2012
After two years of aggressive advertising and promotion spending to reposition the brand into performance running, tennis and training shoes, K-Swiss plans to realign spending with revenues expected to return to profitability next year. It anticipates to post a small profit in 2012.In the meantime, the American company revised downwards ...
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BasicNet’s aggregate sales rise by 13.2 percent
BasicNet reported a 13.2 percent increase in its direct sales and those of its licensees in the first half of the year to €198.0 million, driven by strong growth in the Asia-Pacific region. On a currency-neutral basis, sales were up by 18.0 percent.Royalties and sourcing fees were up by 12.5 ...
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Double-digit growth for Timberland
Timberland reported a net loss of $20.1 million for the second quarter, down from a loss of $23.5 million in the same period a year ago, as sales rose by 27.1 percent to $240.1 million, up 20.6 percent on a constant dollar basis.The gross margin declined by 2.1 percentage points ...
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Columbia is strong, less so in the U.S.
Columbia Sportswear achieved impressive sales figures for its second quarter, lifting its turnover by 20.8 percent to $268.0 million. The U.S. delivered the smallest share of the rise, as the group's turnover in the country firmed up by 4.3 percent. Canada, a traditionally strong market for Columbia products, was up ...
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Décathlon enters Sweden at last
After two years of preparation, the world's largest sporting goods retailer has finally signed all the contracts that should enable it to open its first store in Scandinavia by the end of this year, in time for the important Christmas selling season. Located in the northwest of Stockholm, near a ...
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Some respite for cotton
The International Cotton Advisory Committee is predicting a fall in cotton prices over the next year due to a projected 8 percent increase in global production during the 12-month period ending in September 2010. Shortages drove the average price of cotton to a record of US$1.64 per pound during the ...
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Rapala will start an Indonesian plant in the fourth quarter
Rapala expects to start the production of soft plastic lures in a new manufacturing unit on the Indonesian island of Batam in the fourth quarter. The project was approved by the Indonesian government in June and represents an investment of €0.5 million. The facility will employ 150-200 people and will ...
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Shimano ups full-year sales guidance
Along with the release of its first-half results, Shimano upgraded its sales guidance to ¥225.0 billion (€2.0bn-$2.8bn) for the full year, up from an earlier forecast of ¥220.0 billion. The new target represents a 5.3 percent increase compared with the 2010 top line. However, the Japanese company slightly trimmed its ...
