Latest Headlines – Page 345
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Sports Direct trims debt
Sports Direct International expects to reduce its debt faster than expected as it continues to register strong sales growth in the U.K. The company confirmed its target of an underlying gross profit (Ebitda) of £205 million (€241.7m-$333.7m) for the full year ending in April 2011. Ebitda is expected to be ...
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BasicNet’s 2010 sales rise by 16.2%
According to preliminary figures, BasicNet ‘s aggregate sales, which comprise direct sales and those achieved by its licensees worldwide, rose by 16.2 percent to €367 million last year, driven by Asia, where the turnover nearly trebled. Sales in the Middle East and Africa rose by 9 percent and European sales ...
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J. Lindeberg adds Germany to list of subsidiaries
After setting up its own offices in Austria and Switzerland in the last two years, J. Lindeberg, the Swedish brand of golf and ski apparel, has opened a subsidiary in Germany. The German operation is headed by Peter Stecher, formerly at Peak Performance, in charge of sportswear sales in the ...
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Head grows by 5% for the year
Head's 2010 sales rose by 5 percent at constant currency rates, lifted by winter sports, whose revenues were up by nearly 13 percent thanks to a recovery in the market following good snow falls before the Christmas selling period. Racquet sports experienced a strong start to the year, but the ...
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Elan has permission to sell
Elan, the Slovenian ski and marine company,, is preparing to hang out a “for sale” sign. Most of its shares are indirectly held by the Slovenian state, investment funds and an insurance company. While speculation about Elan's sale has been rife for several years, the company has obtained the go-ahead ...
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Billabong sees cotton hike hitting apparel prices in the spring
Billabong expects the ongoing rise in cotton prices to prompt an increase in apparel prices at retail throughout the industry and around the world around April or May, starting probably in the U.S. where apparel prices have not risen much lately. Like others, the Australian surfwear company is also concerned ...
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Volcom’s quarterly profit is halved
Volcom's net profit was halved to $1.6 million in the fourth quarter of 2010 from $3.4 million a year earlier as the U.S. apparel company suffered from falling margins. Sales rose by 22.4 percent to $78.6 million in the quarter. U.S revenues rose to $54.3 million from $46.0 million a ...
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VF continues its strong progress
While its jeans business is under pressure from soaring cotton prices, VF Corporation continued to enjoy robust growth in its outdoor and action sports unit during the fourth quarter of last year, as it splurged on marketing for The North Face and Vans. And the group is apparently trying to ...
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Peak Performance returns to double-digit growth
In commenting on its results for the first half of its financial year, ended last Dec. 31, the Danish parent company of the brand, IC Companys, indicated that Peak Performance grew by double digits during the last three months of 2010, but not for the whole six-month period. The same ...
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Helly Hansen turns around after a cure
Helly Hansen, which was still losing money in 2009, has apparently achieved a turnaround under the management of Peter Sjolander, the former Nike executive brought in by the Norwegian company's new owners in 2008. More precise figures should become available in May, but preliminary data indicate the company improved its ...
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Europe weighs on K-Swiss' orders
The weak business environment in Europe weighed on K-Swiss' order backlog at the end of 2010 with shipment dates from January through June 2011. International orders with delivery in the first quarter are down by 12.5 percent compared with last year for the U.S. company but are up by 6.0 ...
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Accell’s sales are hit by bad weather
Accell Group booked a 1 percent increase in full-year revenues to €557.2 million as bicycle sales were dampened by poor weather in the fourth quarter. Sales were supported by the acquisition in June 2009 of the Finnish distributor Hellberg and in 2010 of Baeumaker, the distributor in Germany of the ...
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Derby Cycle boosted by e-bikes
Derby Cycle booked a 30.5 percent increase in revenues to €38.7 million in the first quarter ending Dec 31, boosted by sales of electric bicycles. In the three-month period, the company sold 80,500 bicycles, up by 5.8 percent year-on-year, and 11,000 e-bikes in Germany, up by 139.0 percent. A further, ...
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Kettler introduces personal coaching
The German company's new Kett Fit program, which is scheduled to be launched initially in its home market next August, will allow new customers to download a video to optimize the benefits of the new equipment, to undergo a complete health check and to hire a personal coach for free ...
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New light products for ski touring
Two leading outdoor shoe companies in the Montebelluna region, La Sportiva and Scarpa, have launched interesting new and well-engineered touring ski products, catering to a winter sport that continues to develop rapidly although the number of dedicated skis, boots and bindings sold annually is said to be still below 300,000 ...
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K2 pushes snowshoeing in Germany
K2 is promoting its Tubbs and Atlas brands of snowshoes with the help of two former ski racers, Rosi Mittermeier and Christian Neureuther, and by means of a special snowshoe tour due to be held in the next winter season in association with Intersport Germany. While it remains very strong ...
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Ispo China shined in the smog of Beijing
Messe München made a good decision to transfer its Ispo China show, held In Beijing on Feb. 23-25, from its former venue to CNCC (China National Convention Center). The new facility is just 400 meters or so away from the “Bird's Nest” in the 2008 Olympic Stadium. Due to heavy ...
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Brown Shoe goes more vertical and athletic with ASG’s purchase
Confirming our previous reports in Shoe Intelligence and Sporting Goods Intelligence, Brown Shoe Company has announced its acquisition of American Sporting Goods Corporation for $145 million in cash, plus about $6 million in net debt. Brown Shoe hopes to expand in the fitness and comfort markets with the purchase of ...
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Deckers wants to make an acquisition
Joining many other companies that want to use their strong cash better than in capital markets, Deckers Outdoor says it wants to acquire a global lifestyle brand and hopes to find a potential target in the near term. Deckers performed better than expected in the fourth quarter as revenues continued ...
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Timberland surges, driven by Earthkeepers
Timberland increased revenues by 26.7 percent to $491.1 million in the fourth quarter of 2010, thanks mainly to strong growth in men's products and to the company's ecological Earthkeepers range, which enjoyed triple-digit growth in the quarter and the full year. In 2010, four of the top 20 products sold ...
