Latest Headlines – Page 365
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Adidas Claims Top Spot In Global Golf
Herbert Hainer, chief executive of Adidas Group, announced on June 28 that TaylorMade-Adidas Golf has taken over the leadership of the global golf market, without naming the former #1 player, Callaway Golf. At a golf tournament in Herzogenaurach, he proclaimed that the division is No. 1 in sales in the ...
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Pentland Defies The Crisis, Seeks New Markets For Ellesse
The recent financial crisis and the devaluation of the pound sterling did not prevent Pentland Group from posting a 16 percent increase in operating profit to £79.4 million (€95.4m-$120.3m) in 2009 on 9 percent higher turnover of £1,134 million (€1,363m-$2,065m). Net assets increased by 5 percent to £399 million (€479.6m-$604.5m). ...
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Global Equipment Sales Fell Last Year
An annual study by Sporting Goods Intelligence has found a 9.6 percent drop in wholesale revenues for sporting equipment companies worldwide in 2009. They declined to $54.95 billion, with drops in sales at almost all of the major companies; 13 of the 24 companies had double-digit declines. The drops came ...
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More Consolidation In The Fitness Industry
Michael Bruno, the founder and owner of Land America Health & Fitness Company, is buying a controlling interest in Star Trac, the California-based supplier of the ST Fitness brand of commercial fitness products and a leader in spinning equipment along with Schwinn. Financial details were not disclosed, but the ...
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Billabong Buys One Company, Eyes Another
Billabong International has reached a tentative deal to buy RVCA, a young California lifestyle brand. Financial detail weren’t released, but reports have the price at $30 million, or about the same as the company’s sales. RVCA is expected to contribute about 2 percent of Billabong’s total turnover. Most ...
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Oxbow Wants To Double In Five Years
Announcing this ambitious goal, Mathieu Bazil, appointed general manager of this French surfwear brand at the end of last year, said it should be partly achieved by raising the ratio of sales outside France from less than one-third to one-half of the total turnover, which declined by 14 percent to ...
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Italian Retailer Suspends Franchising Roll-out
Wonderful Group, a regional retailer in central Italy, has suspended its plans to build up a network of franchisees due to the difficult economic environment. The group hopes to be able to reactivate the program from 2011. The group, which is owned by Lucio Alessi, dismissed rumors that it ...
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Action Is Taking Place On Bike Trade Measures
Anti-dumping duties on Vietnamese bikes imported into the EU will be discontinued as of Thursday. The European Commission didn’t receive any requests to review the tariffs, which ranged from 15.8 percent to 34.5 percent and were initiated in 2005. In 2004, Vietnam sent 1.5 million bicycles to the EU; ...
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China’S Bike Business Is Declining
China’s exports of bicycles fell significantly in 2009, dropping by 18.4 percent to 46.47 million bicycles. By value, the decrease was 16.2 percent to $2.15 billion. The figures, from the National Tariff Bureau, show that average selling price rose by 2.7 percent to $46.30 as raw material and labor costs ...
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Bright Fair’S Berlin Location Draws Mixed Reviews
Several sports brands are happy with the new location of the Bright trade fair, which took place on July 8-10 at the former headquarters of the Stasi in Berlin. For the last 10 years, the event took place in Frankfurt. Most of the brands at this year’s Bright ...
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Nike Rides High On World Cup Numbers
Nike’s recovery was in full swing in the last quarter of its fiscal year, ended on May 31, showing strong improvements in sales and profits. The three months were buoyed by the football World Cup, which lifted the entire group’s football sales by about 39 percent. ...
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Adidas Still Touts The Lead In Football
Sulking French football players have not prevented Adidas from surpassing its earlier sales target for football products, which are now expected to reach more than €1.5 billion for the year, compared with an earlier forecast of over €1.3 billion. This was the record achieved by the company in 2008, when ...
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Boost From Emerging Markets Keeps Athletic Footwear Stable In 2009
Thanks to some strong growth by some local Chinese brands, the global market for athletic footwear managed to hold its decline to just 0.1 percent in 2009, according to a an annual survey by Sporting Goods Intelligence in the U.S. The Chinese performance was nearly enough to overcome the drops ...
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Adidas Faces Supply Issues For Reebok
The boom enjoyed by Reebok with its new Easytone line of shoes is contributing to an unusual challenge for the Adidas Group, which has been struggling to fulfill demand, especially in Europe, which should account for half of the total sales volume this year. Some production has been fast-tracked and ...
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Slight Structural Changes At Some Intersport Organizations
Pressure is mounting inside the Danish and Spanish cooperatives of Intersport to switch to a more capitalistic structure, following the example of the Intersport licensees in a few other countries such as Norway, Finland, Switzerland and Italy. The proponents generally feel that such a structure can help the affiliated retailers ...
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Usg Thrives And Reorganizes
Unlimited Sports Group (USG), the leading Dutch sports wholesaler and retailer, continued to reinforce its operations and management last year, as it tightened its grip on the sports market in the Benelux countries and beyond. USG weathered a particularly sharp downturn in the Dutch sports market last year. ...
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Luca Businaro Is Assosport’S New Head
Giancarlo Zanatta, president of Tecnica Group, leaves as president of Assosport, the Italian sporting goods industry association, after eight years in which the membership has grown from 13 to 140 companies. His successor at the head of the association is Luca Businaro, chief executive of Novation, the sophisticated product development ...
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Diadora Picks New Distributors, Cooperates With Geox
Commercial spots are running for the Diadora and Geox brands on Italian television in connection with the current World Cup, and the two brands are working together in other areas. While announcing a new waterproof technology that is being applied to Geox’ street shoes, called Amphiobiox, the company’s management said ...
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Fila Korea Is Going Public
The South Korean subsidiary of Fila headed by Gene Yoon as chief executive will be listing its shares on the Korea Exchange this September. The company will sell 3.25 million of its 8.567 million shares, or 38 percent. The per share price in the IPO, being underwritten by lead manager ...
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New Elan Division Will Handle Ski And Marine Segments
Elan, the Slovenian ski and marine company, reports that it has formed a new entity, Elan Skupina, encompassing the activities of its ski and marine divisions from the start of June. These activities were previously split between two entities, Elan for the ski company and Elan Marine for the marine ...
