Latest Headlines – Page 373
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Ispo Confirms Its Position As The Leading Winter Trade Show
The Ispo show in Munich, which ran from Feb. 7 through 10, was a success – thanks in large part to the tremendously good snow conditions that have been prevailing lately in Central Europe and beyond. However, Ispo’s top manager, Tobias Gröber, has started to sense renewed demand from the ...
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Chains Vie For A Piece Of Turkish Market
The Turkish sports retail sector, which we covered extensively in a unique market research report released in 2008, is undergoing rapid changes with the scheduled opening of two Décathlon stores, the rapid roll-out of new Intersport stores and a fresh licensing deal to be unveiled by Sport 2000 in the ...
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Intersport U.K. Annexes Allied Group
Intersport U.K. will be teaming up with the Allied Group, another British buying group with 28 members and 39 stores, from the start of April. Disclosed at Ispo, the deal between the two buying groups will create a retail force with joint U.K. sales of about £125 million (€143.6m-$195.1m) in ...
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German Intersport Is Drowning In Snow And Good Figures
In presenting its final figures for the calendar year 2009, which differs from its fiscal year ending in September, the management of Intersport Germany attributes major improvements to its winter business. In 2009, the retail members’ sales increased by 7 percent to €2.62 billion. This January was more than satisfactory, ...
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And Sport 2000, Too
The German Sport 2000 reports a 6.4 percent increase in retail turnover to €1.4 billion for its own fiscal year, ended Dec. 31. This figure, however, also includes the sales of the Swiss sports retailers affiliated with Sport 2000 and the athletic footwear sales of the shoe dealers affiliated with ...
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Ochsner Cracks The 400 Million Chf Mark
Switzerland’s leading sports retailer, Ochsner Sport, raised its sales by 2 percent to 402 million Swiss francs (€274.4m-$372.1m) in 2009. The management is delighted about this result because the snow came relatively late in the autumn and the company’s fiscal year compared with 2008, a year in which Switzerland hosted ...
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Go Sport Moves Into The Black
According to preliminary data from the French sporting goods retailers’ association, FPS, French specialty sporting goods retailers raised their sales by 1 percent on a same-store basis in 2009. Against this backdrop, Groupe Go Sport lost some market share, suffering comparable store declines of 3.7 percent for its French Go ...
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Puma’S Sales Struggle But Margins Are Strong
After extensive restructuring measures undertaken in 2009, Puma is striving to stabilize its sales and to improve profitability. Puma ended the year with a weak quarter in terms of consolidated sales, down by 12.8 percent to €489.5 million. In constant currencies, the rate of decline was 10.1 percent, with drops ...
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Vf’S Results Are Driven By Outdoor And Action Sports...
VF’S RESULTS ARE DRIVEN BY OUTDOOR AND ACTION SPORTS VF Corp. has decided to allocate an extraordinary budget of $40 million this year to support special new marketing activities. The bulk of it will be spent to boost the development of three brands – The North Face, Vans and ...
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Lafuma Is Happy About Its Surf And Mountaineering Divisions
For the first quarter of its 2009-10 fiscal year, ended last Dec. 1, the Lafuma Group reports a sales decline of 3.9 percent to €51.4 million. Sales in France were up by 3.4 percent to €32.2 million, while the international business lost 13.9 percent and went down to €19.3 million. ...
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Still Bleak Numbers At K-swiss
Turnover fell by 21.4 percent to $42 million for K-Swiss in the fourth quarter ended Dec. 31, with drops of 31.8 percent in the U.S. and 11.2 percent elsewhere. The company had a quarterly loss of $12.5 million, down from a loss of $13.7 million for the same period in ...
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Jarden Predicts Higher Winter Sports Sales After A Recent Decline
Marker Völkl claims that Völkl earned a solid 13 percent share of the global alpine ski market in 2009, ranking fourth in value among the major players in the sector, while Marker remained second-best in ski bindings, with a slightly improved market share of 29 percent. In the U.S., Völkl ...
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Big Drops For Shimano But Recovery Is In Sight
The annual results were worse than the company had predicted one year ago. Total revenues fell by 20.6 percent at Shimano in the year ended Dec. 31, hitting ¥186.7 billion (€1,502m-$2,057m), and operating income plummeted by 45.7 percent to ¥20.5 billion (€164.9m-$225.9m). Net income plunged by 62.0 percent to ¥9.6 ...
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Changing Currencies Affect Rapala
Rapala’s sales for the fourth quarter grew by 1.0 percent to €51.4 million. This is an increase of 4 percent in constant currencies. The operating profit was hurt by currency effects and plunged by 78.1 percent to €0.7 million. The quarterly net loss was €0.8 million, compared with profit of ...
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Asics Improves In The Quarter
For the nine-month period ended Dec. 31, the company’s European sales increased by only 1.8 percent in euros, driven by gains of 11.3 percent in running and 20.3 percent in indoor sports. Sales of lifestyle products declined, especially in France. Part of the growth could be explained by the ...
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Mizuno Turns Around
Mizuno Corporation has lowered its guidance for the full year that ends on March 31 after a 9.9 percent drop in sales for the third quarter ended Dec. 31 to ¥34.6 billion (€278.4m-$381.2m). Despite this, Mizuno managed a quarterly net profit of ¥0.1 billion (€804,500-$1.1m) compared with last year’s loss ...
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Higher Basicnet Sales Thanks To Asia, Africa
The aggregate sales of BasicNet’s licensees rose by 3.4 percent in 2009 to €316.0 million thanks to a more than 23.0 percent surge in Asia and 18.0 percent growth in the Middle East and Africa, according to preliminary results. The group’s performance in the fourth quarter reversed the negative ...
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New Adidas And Reebok Hardgoods On The Market
Adidas and Reebok are coming up with new lines equipment through various licensees. RFE International, exclusive licensee of Reebok fitness equipment with the exception of North America, is now also the licensee for Reebok bikes for Europe, the Middle East and Africa, and will introduce a full range next autumn, ...
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Skins Strikes An Unusual Co-branding Deal With Li Ning
The compression apparel brand has sealed a ground-breaking deal with Li Ning, the Chinese sports company, that will see the launch of a co-branded range of compression garments in the Chinese market in September this year. The range will feature a logo combining the Skins brand name, with its ...
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Erke Works With Reebok’S Former Spanish Distributor
Erke, the 10-year-old sports apparel and footwear brand of China Hongxing, has signed a deal with a Spanish company, Dicaltex, for the design of a European line of sports clothing and for its distribution in Spain and Portugal. The deal should help expand Erke’s sales in Europe by adapting the ...
