Latest Headlines – Page 357
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Third-quarter Surge For Adidas
The Adidas Group savored what it described as an “explosive comeback” in the third quarter, as its sales were inflated by continued enthusiasm for Reebok’s toning footwear, the group’s robust expansion in North America and its return to growth in China. The group achieved a sales increase of 20.1 ...
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A Bigger Niketown Has Opened In London
The Niketown store on Oxford Circus in London has reopened after a major renovation, making it the largest Nike store in the world. The four-story complex takes up about 42,000 square feet and is part of the company’s plan to expand with 250 to 300 new stores worldwide in the ...
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Frank Dassler Is Fesi’S New President
Frank Dassler, general counsel of Adidas Group, was unanimously elected to a three-year term the new president of the Federation of the European Sporting Goods Industry (Fesi) at its annual meeting in Paris yesterday. The 54-year-old manager takes the place of Horst Widmann, 70, who ran the European organization for ...
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Blacks Reduces Losses On Lower Sales
In an interim statement, Blacks Leisure noted that it was still discussing the purchase of the company or certain parts of it with several parties, but was still uncertain if any offers would be made. The prospect of a bid for the company has led to some activity on the ...
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Austria’S Sport 2000 Welcomes A New Chief
Zentrasport, also known as Sport 2000 Austria, has appointed Holger Schwarting as its new managing director. The 46-year-old Schwarting worked for Nike in the 1990s. Later on, from 2003 to 2006, Schwarting was on the board of Intersport Austria until he switched to the management of Sport Eybl & Sports ...
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Asics’ Bottom Line Impresses, Top Line Doesn’T
A 6.5 percent drop in sales to ¥31.3 billion (€278.3m-$386.4m) in the second quarter ended Sept. 30 kept Asics Corporation from living up to earlier forecasts, largely due to a drop in the Japanese market and the appreciation of the yen. The operating income for the period was ...
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Asics Quantifies Marathon Attitudes
In honor of the 2,500th anniversary of the first-ever marathon, Asics has devised its own Marathon Popularity Index to try to explain how marathons have become somewhat of an icon today. The index combines the ratio of runners who have gone on a marathon with their perception of the race. ...
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K-swiss Is Optimistic Despite Bad Quarter
Another drop in sales along with a big tax charge led to a disappointing quarter at K-Swiss, whose loss skyrocketed to $28.3 million from a loss of $2.9 million in the same period last year. Revenues fell by 12.8 percent to $61.6 million. The big negative, however, was a $20.2 ...
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Outdoor Group Helps Jarden’S Sales Increase
The Outdoor Solutions group, which includes K2, Marmot, Rawlings, Coleman, Völkl and Pure Fishing among other properties, gave Jarden Corporation a big boost in the third quarter, recording a 6.9 percent increase in turnover to $604.7 million, or an 8 percent gain in constant currencies. Jarden said the ...
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Callaway Suffers From A Sluggish Golf Market
Callaway Golf’s third-quarter sales were down by 8 percent to $175.6 million. The gross margin slipped by 3.3 percentage points to 27.9 percent. The company suffered from increased charges, the negative impact of some fixed operating costs and non-cash inventory charges related to its former Ashworth apparel license, and ended ...
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Golf Sales Down For Acushnet, Too
Acushnet, the golf division of Fortune Brands, had a 5 percent drop in turnover to $265.2 million in the quarter ended Sept. 30. In constant currencies and excluding Cobra, which was sold to Puma, sales rose by 3 percent. The operating income for the division, which includes Titleist and FootJoy, ...
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Fletcher Is Rebuilding A European Sales Network For Sunice
Jon Camp, a British golf executive who ran Ashworth’s European operations from 2000 until the beginning of 2009, has been named managing director of Sunice Europe. He had recently worked as a consultant to Fletcher Leisure, the Canadian company that took back full control of the Sunice brand gradually after ...
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Adams Golf Sets Up A European Operation
Adams Golf, the leading supplier of hybrid golf clubs, is opening a logistics center in the U.K. to better service European distributors and retailers. Philip Morley, who worked for MacGregor Golf for many years until 2008, has been named European sales manager of the U.S. company. He reports to Joy ...
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Basicnet’S Profitability Shrinks
BasicNet maintained a 15 percent increase in aggregate sales for licensees to €275.4 million in the first nine months of the year, but continued to experience a decline in its gross margin due to higher procurement costs and competitive pricing to gain market share in Italy. The drop in profitability ...
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International Sales Rise At Brunswick
The fitness segment of Brunswick Corporation, which handles Life Fitness and Hammer Strength equipment, had a 9 percent increase in turnover to $137.7 million for the third quarter ended Oct. 2. The company credited higher sales, lower material costs and increased fixed-cost expansion. Sales outside the U.S. rose ...
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Direct Sales Hurt Nautilus
Sales slumped by 7 percent to $38.5 million in the third quarter ended Sept. 30 at Nautilus. While the fitness equipment maker managed to improve its net loss to $4.3 million against the loss of $24.4 million in the same period last year, the operating loss widened to $3.2 million, ...
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Johnson Health Tech Sees Double-digit Growth Across The Board
A 26 percent jump in sales in North America helped Johnson Health Tech record a 20 percent increase in total revenues for the third quarter ended Sept. 30. The company attributed the increase to continued investments in sales support, marketing and product development. Sales in the commercial segment ...
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Europe, Asia Lead The Way For Timberland
With fewer closeouts and a good product mix, Timberland’s gross margin grew by 1.7 percentage points to 47.8 percent in the third quarter ended Oct. 1. Sales were up by 2.5 percent to $432.3 million, an increase of 5.2 percent on a currency-neutral basis. Net income jumped by 38 percent ...
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Crocs Gets Good Results Everywhere
Total revenues for the third quarter ended Sept. 30 grew by 22 percent to $215.6 million at Crocs, with double-digit gains in the Americas and Asia. That figure is on a reported basis; excluding impaired product sales of $11.5 million, sales were up by 30.1 percent. The net income rose ...
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Under Armour’S Guidance Jumps
Good results for the third quarter have led Under Armour to increase its guidance for the full year. Sales should increase by 20-21 percent compared with last year to $1.03 billion to $1.035 billion, up from a previous forecast 16-18 percent rise. Earnings per share should grow by 34-35 percent ...
