Latest Headlines – Page 362
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Asics Will Double European Marketing Spend
Asics Europe plans to double its marketing spending, on top of an increase in investment in Spain, which it considers to have the biggest growth potential of Europe’s top five markets. Asics Europe already signed a three-year deal with Eurosport leading up to the 2012 Olympics, and is the new ...
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Mizuno’S Net Income Up By A Fifth On Tiny Rise In Sales
The Japanese company reported a slight 0.4 percent uptick in sales to ¥41,156 million (€375.3m-$481.4m) for the first quarter ended June 30, while net income rose by 20 percent to ¥1.2 billion (€10.9m-$14.0m). The gross margin climbed by 2.8 percentage points to 42.8 percent. Mizuno experienced double-digit growth on a ...
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Higher Costs Depress Head’S Results
Sales crept up by 3.0 percent to €59.0 million for Head for in the second quarter ended June 30. The company ended up with a net loss was €8.0 million, up from a loss of €5.3 million last year. The results included a net tax benefit of €1.9 million this ...
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Outdoor Segment Leads Johnson Results
Johnson Outdoors has reported that its total revenues for the third quarter ended July 2 rose by 7.9 percent to $124.0 million, with a 1.4 percentage point increase in gross margin to 41.5 percent. Operating profit was up by 26 percent to $13.4 million, and net income grew by 15.6 ...
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Cycling Group Helps Dorel’S Rec/Leisure Segment Rise
A 7.9 percent increase in sales was recorded in Dorel’s recreation and leisure segment, to $214.9 million, for the second quarter ended June 30. Operating earnings rose by 6.8 percent to $17.1 million, despite negative effects related to the exchange rate with the euro. On an organic basis, excluding acquisitions ...
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Giro Launches New Initiatives For Helmets And Shoes
Easton-Bell had an 8.3 percent increase in revenues to $202.8 million for the second quarter ended July 3. Operating income rose by 36.0 percent to $20.1 million, and net income improved by 27.5 percent to $5.0 million. Gross margin rose by 1.8 percentage points to 34.0 percent as a result ...
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Taiwan And Vietnam Export More Bikes To Europe; Malaysian Shipments Are Investigated
Taiwan’s bike business with European customers is booming again. The volume of the country’s total bike exports for the second quarter of 2010 jumped by 31 percent to $289 million after 2009 saw disappointing results. Export to the EU alone surged by 66 percent to $147 million, led by a ...
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Heelys Turns Around From Last Year’S Loss
Despite a 29.0 percent plunge in revenues to $8.8 million for the second quarter ended June 30, Heelys managed to report net income of $473,000, compared with a loss of $1.6 million in the same period in 2009. The gross profit margin jumped by 9.3 percentage points to 42.2 percent. ...
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Crocs Turns Around In The Quarter
In the second quarter ended June 30, Crocs recorded a 15 percent increase in turnover to $228.0 million, with growth in all sales channels. Wholesale revenues were up by 12 percent to $140.0 million, retail grew by 20 percent to $66.4 million, and e-commerce did very well, up by 24 ...
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Pro-x Elements, A New Brand Of Rainwear From Germany
This new brand of rainwear was launched at the OutDoor show in Friedrichshafen last month by Matthias Cramer, a 55-year-old German industry veteran. Specifically designed for the global sporting goods and specialty outdoor retail circuit, Pro-X Elements is primarily intended to fill a gap in the German-speaking market caused by ...
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The Global Sports Goods Market Fell By 2% In 2009
According to the NPD Group, global sales of sporting goods to consumers declined by 2 percent in 2009 to $282 billion, the first annual drop since 2005, when the international market research company started tracking down the evolution of the world market. However, NPD expect the figures to rebound with ...
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Most Big Brands Suffered From 5.4% Dip In Global Apparel Market Last Year
In dollar terms, the European market for athletic apparel slipped by 5.4 percent in 2009 to $18,205 million, faring just slightly worse than the U.S., which dropped by 5.0 percent to $25,833 million. Increases were seen in the Asia-Pacific region, up by 4.7 percent to $12,936 million on the strength ...
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Puma Sets New Goals For 2015, May Be Joined By Other Lifestyle Brands
Puma’s management has come up with a revised five-year strategic plan after the economic downturn slowed down the projected expansion of its sales. Running from 2011 until 2015, the new strategy was described as an extension of a previously outlined plan and therefore dubbed Phase IV Revisited: It calls for ...
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Currency-neutral Sales Dip At Puma But Profit Goes Up
Puma’s new sales goalss were discussed as Puma reported that its global turnover dropped by 4.8 percent in constant currencies during the second quarter, with a sharp decline in Europe, but the company’s cost structure continued to improve and its managers pointed to much brighter prospects for the rest of ...
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Adidas Reports ‘Fantastic’ Quarterly Performance
Never shy of superlatives, the Adidas Group’s chief executive, Herbert Hainer, hailed a “fantastic” performance for the company since the start of the year – justifying a slightly improved forecast for the full year. After an already robust first quarter, the Adidas Group’s sales jumped by 18.7 percent to ...
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Columbia Buys Outdry, Ready To Go Against Gore-tex
Columbia Sportswear has bought OutDry Technologies, making it one of the few sporting goods companies to take a stake further up the textile supply chain. The financial terms of the deal were not disclosed, but Columbia’s outlay is probably minor, considering that this breathable waterproofing technology generated sales of less ...
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Group Synergies Help Jarden’S Outdoor Solutions To More Timely Shipments
Jarden Corporation had a 21.9 percent increase in net sales for the second quarter ended June 30, reaching $1.5 billion, partly boosted by the acquisition, as of April 1, of Mapa Spontex household products. In organic terms, the increase was 8.7 percent. Every segment showed growth, led by an 8.5 ...
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After A Strong Quarter, Amer Is Ready For A Good Winter
Amer Sports headed into the second half of the year with a robust increase in pre-orders of winter sports equipment, which were up by 15 percent after a strong selling season. The increase was driven by stronger demand from Central European and Nordic countries. Orders poured in fastest for cross-country ...
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Strong Growth For Life Fitness Internationally
The Life Fitness division of Brunswick Corporation raised sales by 17 percent to $123.2 million for the second quarter ended July 3. Sales outside the U.S. made up 54 percent of the total, and they jumped by 39 percent. Operating earnings were $8.7 million, a big improvement over the $0.2 ...
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Callaway Improves Results But Sees No Market Recovery For This Year
Callaway Golf Company has reported a slight uptick in sales for the second quarter ended June 30, with a 1 percent increase to $303.6 million. Currency effects contributed $6 million to the growth. The gross profit margin rose by 5.0 percentage points to 41 percent, and the operating profit more ...
