Latest Headlines – Page 356
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Sheikh Al Jaber Takes Complete Control Of Kneissl To Prevent Financial Trouble
Following a shareholder meeting of Kneissl Holding yesterday, Sheikh Al Jaber has increased his portion of the holding company’s shares from 60 to 99 percent. This move came along with an increase of the company’s capital by €1.2 million. Simon Huber, the other shareholder of the parent company of Kneissl ...
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Hi-tec Plans To Move To Amsterdam
Hi-Tec Sports, the English brand of outdoor and other sports footwear, is going to move its head office to Amsterdam early next year. Established and still owned and chaired by an ebullient Dutchman, Frank van Wezel, the company has been based in Southend-on-Sea, on the southern coast of England, since ...
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New European Licensees For Body Glove
The European license for Body Glove apparel and accessories has been attributed to the Blue Water Group, a Dutch company set up for this purpose by Marcel Sterk, former development executive at Nike Europe. The rights previously belonged to Pro Club Sports (PCS), a Dutch company that had a license ...
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Winter Sports Contributes To Head’S Progress
Head’s net revenues rose by 6.7 percent to €98.4 million in the third quarter ended Sept. 30, boosted by winter sports. Currency effects also contributed to the increase. The adjusted operating profit rose by 37.3 percent to €12.6 million, but ...
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Ugg Continues To Help Deckers’ Results, With Extra Boost From Teva
Deckers Outdoor Corporation reported a 22 percent increase in sales to $277.9 million for the third quarter ended Sept. 30. The net income rose by a similar 24 percent to $42.0 million. The gross margin increased by 4.2 percentage points to 47.1 percent, with 2 points attributed to improved product ...
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The Parent Of Peak Performance Revamps Its Structure
IC Companys, the Danish company that owns Peak Performance, is delegating more responsibilities and the power to make more decisions to each of its 11 brands. Each of them will be in charge of its value chain, including distribution. Finance, IT, logistics and production will still be shared among them, ...
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Italy’S Gitexpoint Pushes Its Own Brands
GitexPoint, the Italian distributor of Spyder, Spalding and other sporting goods brands, has bought Hyra, an Italian brand of affordable skiwear, and launched a new brand of rather special sports underwear, called Triloxy. Both brands will be featured for the first time at next February’s Ispo fair in Munich on ...
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One Way Sport Takes Over Its Swedish Distributor
After very good cooperation in the last years, One Way Sport has acquired Nordic Trade Development, the Swedish distributor that has been selling its own products in Sweden since the leading Finnish brand of ski and Nordic walking poles was launched in 2004. Fredrik Heikki will continue as managing director ...
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Dare2b Reports Big Sales Increases
The younger and smaller sister of Regatta reports a 59 percent sales increase for the first nine months of its current financial year, including a record 93 percent increase in sales in October as compared to the same month a year ago. The main factor has been the demand for ...
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Golf Participation Grows More Slowly In Europe, Declining In The U.K.
The “Golf Participation in Europe 2010” survey just released by KPMG, taking a look at the golf market points to some significant changes in supply and demand in Europe, including a 4 percent drop in the number of players in the U.K. and Ireland. Overall, Europe’s golf market has ...
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Stag’S Successful Move Into Ireland Culminates In A National Show
Stag, the British buying group, has quickly built up network of nearly 50 affiliated members in the Republic of Ireland since it started approaching independent Irish retailers in March last year. Its expansion into Ireland has further increased the clout of the group, which now has 470 members across the ...
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Italian Companies Hold An Event With Foreign Buyers, In The Absence Of A Fair
Assosport, the Italian trade association grouping about 150 sporting goods companies, organized a meeting in Italy with foreign buyers for the first time to promote exports. The meeting was held on Nov. 17-18 and was attended by 16 companies and about 30 buyers from 11 countries: the U.S., Canada, Brazil, ...
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Italian Producers Debate The ‘Low-cost’ Concept
High-profile representatives of the Italian sports industry expressed conflicting views on the introduction of the “low-cost” concept in the sector to relaunch consumer demand, especially in Italy. Weak demand in Italy is putting at risk the survival of many small players that continue to rely largely on their home market, ...
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Record Cotton Prices Are The Newest Inflationary Factor
After rising sharply in the past 15 months, the price of raw cotton increased by a further 20 percent in the past couple of weeks, overtaking a previous record set in 1995. It has more than doubled since last spring. As inventories are at their lowest level in 14 years, ...
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India Should Get Long-term Benefits From The Commonwealth Games
After publishing a series of research reports on all the aspects of the sporting goods market in each European country, we have decided to launch a similar study of the market in India, one of the world’s most populous nations, where many large and small brands have been planting seeds ...
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Fitness Companies’ Battle Turns Legal
Icon Health & Fitness has filed a lawsuit against a major fitness equipment rival, Cybex International, trying to get Cybex to stop accusing it of false advertising, product disparagement and unfair competition. Cybex attorneys have been making the claims for about six months. Icon is seeking a declaratory judgment stating ...
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Lolë Introduces A New Retail Format In Europe
Lolë is a brand of sports and lifestyle clothing for women 30 years old and over who look more for comfort, fit and a few basic technical features rather than performance. They want to wear the clothing, which is less expensive than that of Peak Performance, for more than one ...
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Skechers Posts Impressive Growth But The Toning Market Is Getting Crowed
Skechers saw sales grow by a solid 37 percent to $554.4 million for the third quarter ended Sept. 30, a new quarterly record, while its net income climbed by 49 percent to $36.4 million. The gross margin rose by 0.3 percentage points to 45.6 percent. Income from operations jumped by ...
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Cautious Retailers Bring Down Heelys’ Figures
Heelys reported that net sales for the third quarter ended Sept. 30 dropped by 23.3 percent to $8.2 million. International turnover fell by 15.9 percent to $6.9 million, while revenues from the home U.S. market plunged by 48.0 percent to $1.3 million. The company blamed drops in France ...
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Adidas Wants To Grow Faster Than Nike Over The Next Few Years
Just two weeks after Puma, the Adidas Group came forward with its own targets and detailed plans for the next five years. They call for the group to grow faster than the market and than its leading rival, Nike, and to reach annual sales of about €17 billion by 2015. ...
