Latest Headlines – Page 375
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Under Armour Has Strong Quarter But Proceeds Prudently
Helped by cold weather and good apparel sales, Under Armour reported a 24 percent sales increase to $222.2 million for the fourth quarter ended Dec. 31. Net income jumped by 83 percent to $15.2 million. The gross margin crept up by 0.7 percentage points to 51.4 percent on higher margins ...
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Brunswick’S Loss Widens On Impairments, Operations
Brunswick Corporation’s fitness division, which mainly represented by Life Fitness, had a 15 percent drop in the fourth quarter to $146.4 million, and operating earnings were down by 20 percent to $20.5 million. The bowling/billiard division had a sales drop of 27 percent to $82.2 million, and operating earnings plummeted ...
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Top Products Are Chosen For Ispo Awards
The jury is in, and it has named the top products for this year’s Ispo Awards. The main umbrella categories were European Ski, Eco Responsibility, Outdoor and Boardsports. The judges were members of the media, retail representatives and industry experts from around the world. The ski awards were given ...
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Bread & Butter Finds Its Stride In Berlin
Bread & Butter, the denim and sports fashion fair, will strive to draw more exhibitors and visitors from the active sportswear sector for its next edition in July. After a vibrant fair earlier this month, organizers have intensified talks with sportswear brands that often exhibit at Pitti Uomo in Florence, ...
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Growth Of More Than 5% At Intersport
A sales increase of more than 5 percent at the retail level was achieved in 2009 by the sporting goods retailers affiliated with the Intersport group in the main European countries, confirming the fact that the sporting goods sector is less dependent on the economic situation than on the weather ...
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Intersport Austria Grows More Than The Market
Amply profiled in our report on the Austrian and Swiss markets, Intersport Austria outperformed the growth of its domestic market and grew very strongly in Eastern Europe, especially in Hungary and Slovakia, in the financial year ended last Sept. 30. In Austria alone, where the sporting goods market was ...
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Moves Put Foot Locker Businesses Under One Boss, Kimble Moves To Europe
Foot Locker has instituted some significant changes at its top management. Lady Foot Locker is being brought under the same auspices as Foot Locker U.S., Kids Foot Locker and Footaction, and all these four businesses will be led by Richard A. Johnson as president and chief executive. Keith Daly, the ...
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After A Good Selling Season, Blacks Considers An Equity Issue
Things are turning around for Blacks Leisure after a rough year. The British retail company said that for the six weeks ended Jan. 7, comparable store sales rose by 12 percent. The outdoor division saw an increase of even 13.1 percent in comparable store sales, while the boardwear division dropped ...
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Sales Continue To Decline At Go Sport
The French sporting goods retailer reports sales drops of 8.9 percent in France and 1.7 percent in Poland on a comparable store basis and in constant currencies for its full-line Go Sport stores during the fourth quarter of 2009. For the full year, there was a decline of 3.7 percent ...
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Top Merger Creates Germany’S Largest Bike Retailer
A big bang occurred in the German retail landscape right at the beginning of the new year: B.O.C., which stands for Bike & Outdoor Company, the large-scale bicycle retailer operating in northern and western Germany, is acquiring 10 stores from the Bikemax chain, another big retailer that has its outlets ...
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Lotto Will Slim Down
Lotto Sport Italia has come to an agreement with its employees and their union representatives on a cut in its personnel costs that would be equivalent to about 60 full-time positions, indicating that its non-consolidated sales fell by about 18 percent in 2009. Major declines were recorded in particular in ...
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Dainese Moves Italian Output To Tunisia
Dainese, the Italian producer of motorcycle suits and snow sports protection equipment, is moving production currently carried out in Italy, at its site of Molvena near the town of Vicenza, to its two manufacturing plants in Tunisia. The group is also terminating the production of top-tier motorbike suits, which ...
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Not Easy For Puma To Take Over The Distribution In Spain
Puma confirmed reports that it has established a fully owned subsidiary in Spain, after its 15-year distribution contract with Estudio 2000 expired at the end of last year. However, arbitration proceedings are going on between the two companies to settle their contractual relationship, apparently affecting the Spanish retailers’ ability to ...
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Pro Kennex Sets Up A European Platform
The once famous Taiwanese brand of tennis racquets, whose European sales reached a peak about 10 years ago, is trying to widen the limited circle of its distributors and retail clients on the continent through the establishment of a European distribution center in the Netherlands. The goal is ...
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Moncler’S Shareholder Seek An Ipo After Another Acquisition
The Carlyle Group said that it is planning to stafe an initial public offering for the Italian producer of high-end sportswear Moncler in about a year. However, before floating the business on the stock exchange, the private equity company is interested in buying another brand with annual sales of up ...
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Former Salomon And Dynastar Managers Launch A New Brand Of Outdoor Shoes
Jean-Luc Diard, the former chief executive of Salomon, and his former marketing manager, Nicolas Mermoud, have set up a new company, Hoka One One, to market a new brand of outdoor shoes called Hubbles. The first models for the next autumn/winter season are being presented at the Outdoor Retailer show ...
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Callaway Looks To India For Growth
Pointing to the rapid expansion of the Indian golf market, Callaway has opened a subsidiary in the country and signed an endorsement deal with Jeev Milkha Singh, the highest-ranked Indian golfer. The American company is responding to the growing number of courses and players in India, encouraged by the rise ...
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Asics Sees Potential In India In A Tie-up With Reliance
The Indian market is the target of another investment by Asics, the Japanese running footwear brand, which has struck an exclusive distribution deal with the mushrooming Reliance Retail group. Asics is to be sold in India from April through a mix of mono-brand stores and about 15 multi-brand stores operating ...
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Stable Snow Sports Sales Through Last November In The Usa
SnowSports Industries of America has released its audit of sales from August to November of last year, showing that overall sales were about the same as August-November 2008, but that equipment sales dropped significantly. The group says that buying trends were conservative in 2008, so in 2009 retailers’ sell-through came ...
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The Industry’S Market Capitalization Grew By 83.7% In 2009
The sporting goods companies listed on stock exchanges outperformed the global economy in 2009. Consumers preferred to cut spending on other items, and many industry executives enacted inventory reduction and cost-cutting measures that boosted their financial results and the investors’ confidence, particularly since the third quarter of the year. According ...
