Latest Headlines – Page 358
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Domestic Sales Make Up For Europe’S Decline At Volcom
Despite a slip in revenues from Europe, Volcom posted an 11.4 percent increase in total sales to $104.7 million for the third quarter ended Sept. 30. The increase was 9 percent when excluding revenues from a new license in Australia. In Europe, turnover was down by 5.2 percent to $28.7 ...
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Columbia Looks To Omni-heat For Growth
While Columbia Sportswear is implementing an unprecedented marketing blast around the Omni-Heat technology, it is preparing to deploy an even more comprehensive global campaign for next year. It will accompany the introduction of outerwear and gloves with electric heat, which were unveiled in New York last week, along with an ...
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Puma Plans 5-year ‘Attack’
More focused investments in emerging markets, an entirely revised supply chain and more distinct product ranges are part of a strategic overhaul launched by Puma to exploit a sales potential estimated at €4 billion by 2015, which would amount to incremental sales of about €1.5 million compared with last year. ...
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Puma Faces A Big Shake-up In Greece
While Puma managers were getting ready for the investor day, they had to issue a warning that they had discovered large-scale fraud at their joint venture in Greece, Puma Hellas. The alleged irregularities were apparently committed by Puma’s Greek partners over a period of several years, and they involve tens ...
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Sales And Earning Up By Double Digits At Puma
Suspected large-scale fraud in Greece will dampen Puma’s performance for the full year, but the company achieved a sales increase of 16.5 percent to €784.3 million for the third quarter, while its net earnings jumped by 14.2 percent to €77.6 million. In constant currencies, Puma’s sales rise amounted ...
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Amer Grows On The Back Of Salomon
Salomon’s apparel and footwear drove a robust increase in sales at Amer Sports for the third quarter. This was supported by nearly all of the Finnish company’s other units, with the exception of tennis. Amer Sports’ sales were up by 14 percent to €466.9 million for the quarter, equivalent ...
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Amer Appoints New Board Members To Further Strategy
In line with Amer Sports’ new strategic priorities, which emphasize strengthening commercial fundamentals and getting closer to the local consumer, the company has appointed the regional general managers of the sales and channel management members to its executive board, effective Oct. 15. The new board members are Michael White, ...
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Slight Uptick At Go Sport In France
After a difficult first half of the year, Groupe Go Sport enjoyed a slight turnaround in the third quarter in France, where its generalist Go Sport chain and its athletic footwear retail sister, Courir, experienced sales increases of 1.1 and 7.9 percent, respectively, on a same-store basis. In Poland, however, ...
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Intersport Austria Posts Strong Growth
In a preliminary report, Intersport Austria has announced that it increased its sales in the fiscal year ended Aug. 31 by 7.4 percent. The total amount of €667.7 million at retail prices includes both Austria and the markets for which the Austrian section of Intersport holds the license: Hungary, the ...
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Nike Set To Take Over Nfl Contract From Reebok
Reebok will end it role as the official on-field, premium apparel supplier to the National Football League at the end of the 2011-12 season. Nike will step in as of the 2012 season, ending Reebok’s 12-year exclusive run. At this point, the financial size and magnitude of the Nike-NFL contract ...
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L-fashion Sets Up An Italian Sales Subsidiary
L-Fashion Group and Oberalp have decided to put an end to a 5-year-old distribution agreement for the Icepeak brand on the Italian market, and the Finnish company is now setting up its own subsidiary in the country for Icepeak as well as its other sports brands, including Luhta and Rukka. ...
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Fourth Quarter Helps Lafuma Results
Groupe Lafuma reports that its sales declined by 3.8 percent to €245.2 million for the year ended Sept. 30. Big drops of 10.1 percent to €83.3 million at the Lafuma brand and by 10.3 percent to €23.3 million at Le Chameau more than compensated for a 0.4 percent increase at ...
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Shimano’S Rise In Sales Means Huge Income Improvement
In the first nine months of 2010, Shimano had a 15.9 percent increase in net sales to ¥155.9 billion (€1.4bn-$1.9bn). The operating income jumped by 86.8 percent to ¥25.6 billion (€227.1m-$313.3m). The growth in ordinary income was a more modest 55.9 percent to ¥21.5 billion (€190.7m-$263.1m), but net income leapt ...
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Rapala Improves Sales And Margins
Rapala VMC Corporation, the Finnish maker of fishing equipment, reports that its net sales for the third quarter increased by 21 percent to a quarterly record level of €60.6 million. For the first nine months of the year, revenues were €209.0 million, 14 percent over the same period in 2009. ...
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Golfsmith Sees Promise Of E-commerce
Total third-quarter revenues a Golfsmith rose by 3 percent to $93.3 million, bolstered by a 5.8 percent gain in direct-to-consumer sales and negatively impacted by a 1.7 percent decline in comparable store sales and a 3 to 6 percent drop in store traffic, depending on door location. The growth in ...
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U.S. Wholesale Leads Skechers’ Impressive Growth
Skechers saw sales grow by a solid 37 percent to $554.4 million for the third quarter ended Sept. 30, while net income rose by 49 percent to $36.4 million. The gross margin rose by 0.3 percentage points to 45.6 percent. The sales gains were broad-based but led by the ...
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Amazon Extends Its Reach In The Broad European Fashion Market
Amazon.com, which was recently rated as the strongest retail brand in Europe in an online survey of consumers, is not bringing over Zappos.com, the big virtual shoe retailer it bought in the U.S. last year, but it is offering more and more shoes and apparel through different websites in different ...
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Europarliament Clears Origin Labeling For Shoes
By a large majority, the European Parliament approved last Thursday a proposal to introduce mandatory origin labeling in the European Union for some products manufactured outside the union. Goods produced within the EU, Turkey, Switzerland, Iceland, Norway and Liechtenstein would be exempt. The goods covered by the proposed ...
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Europe Sources Less Clothing In Asia
Imports of all kinds of clothing into the European Union fell by 4.4 percent in the first half of this year to €26.9 billion, representing the first decline in many years. The new trend may indicate that European importers are beginning to consider alternative sources that are closer to their ...
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Jjb Cuts Losses, But The Turnaround Is Not There Yet
The financial turnaround of the troubled British sporting goods retailer is expected to take up to three years, according to the management. JJB Sports reported an operating loss of £24.6 million (€28.1m-$39.0m)on 10 percent higher revenues of £184 million (€210.3m-$291.7m) in the first half of the year through the end ...
