Latest Headlines – Page 377
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Rossignol Sees The Light At The End Of The Tunnel
Denying rumors that the Rossignol Group’s strategic decisions are taking into account its possible takeover by Jarden Corporation at a later stage, the chief executive of the French company, Bruno Cercley, told SGI Europe they are all meant to continue to improve its financial results, even though they involve competing ...
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The Worst Is Apparently Over For Quik
The global recession led the Quiksilver group to post an 11.2 percent drop in revenues for the fourth quarter ended Oct. 31 to $538.7 million, down by 13 percent in local currencies, but its operations in Europe fared better than in the U.S. in terms of retail sales and orders. ...
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Flat Global Sales At Rip Curl, Drop In Europe
The Australian surfwear company is not quoted on the stock exchange, but company officials volunteered some figures for its financial year ended last June 30. Rip Curl’s global sales increased by just over 3 percent to more than 280 million Australian dollars (€173m-$248m), but were flat in terms of local ...
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Skiset Develops Overseas
The big European ski rental organization, is preparing to launch its banner in Scandinavia and Japan in the next two to three years, after the impressive take-off of its banner in North America this season. In the U.S. and Canada, Skiset has sealed franchising agreements with about 50 retailers ...
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New Garment Sizes Are Being Developed
The Hohenstein Institute and Human Solutions, a German maker of body scanning equipment, have partnered to conduct a comprehensive survey of body sizes in Germany. It is the first such survey since 1994 (women) and 1980 (men), and indicates that Germans are larger today than they were in the previous ...
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The Anti-dumping Duties Are Confirmed
The European Council voted today by simple majority to keep the anti-dumping duties on leather shoes from China and Vietnam in place for another 15 months. The vote is a victory for the Italian footwear industry association (Anci) and the Italian government, which have been in the forefront of the ...
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Double Coup For Italian Shoemakers On The Foreign Trade Front
Italy’s persistent shoe lobby won two important battles in Brussels and Strasbourg last Friday, although it has not yet won the war on either front. While it had not yet issued a formal document on this, the European Commission stood by its recommendation to extend the anti-dumping duties on Chinese ...
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Blacks Leisure Escapes Insolvency
At meetings last week, the creditors and members of Blacks Leisure Group and its subsidiary The Outdoor Group (TOG) approved company voluntary arrangements (CVAs) settling claims with the landlords of 101 stores that are closed or closing and another nine that had guarantees from the company. The landlords y will ...
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Foot Locker Slumps But Sees A Gradual Recovery On Both Sides Of The Atlantic
With a 7.3 percent drop in sales to $1,214 million and a flat gross margin at 27.1 percent, Foot Locker reported a net loss of $6.0 million for the third quarter ended Oct. 31. This compares with a net profit of $24.0 million for the same period last year. This ...
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Ski Republic Presses On Despite Problems
Favre Sport, the ski retailing group that launched Ski Republic in France, continues to expand this low-cost banner even though it was placed in receivership earlier this month. The network of rental stores was enlarged to 34 outlets in France for this season, and Favre Sport is sealing partnerships for ...
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Founder Of Five Seasons Buys Back His Company
Five Seasons, the Swedish outdoor and golf apparel company, has been bought back by its founder, Gunnar Johansson, almost exactly three years after he sold the company to EQT Opportunity, a Swedish-based investment fund. At the time, EQT also acquired Tenson and it later added Lundhags, two other Swedish brands, ...
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Sergio Tacchini Signs Up Djokovic
It’s a big coup for the Italian company, salvaged by a Chinese supplier in the spring of 2008, and it’s certain to lift its international image, particularly in China where the 22-year-old Serbian tennis player gained a lot of fans through his victories at the Shanghai Tennis Masters in 2008 ...
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The Owner Of Admiral Wants To Get Out Of Sports
The board of directors of International Brand Licensing, the publicly quoted British company that owns the Admiral trade name, has decided that it should move away from the exploitation of its sports and lifestyle brands and re-direct its strategy toward in vitro diagnostic services. Two directors have resigned ...
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F2 International Surfs From Austria To Germany
Gerald Pascher, owner of the F2 brand of boardsports products, has sealed a deal with Bernd Flügel to shift the head office of F2 International from Austria to Germany. While Pascher keeps the brand rights to F2, his family-owned company, MAG, has sold 40 percent of the shares of the ...
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Peter Blom Adds Another Brand To His Start-ups
Peter Blom, one of the founders of Peak Performance and Cross Sportswear, has launched yet another apparel brand, Snoot. It’s a menswear brand with a leisure-oriented design and the technical features of a functional jacket, with a distinctively high-end positioning in price. Four black jackets under the Snoot brand have ...
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Arena Makes Some New Moves In The U.S.
Arena is making some interesting new strides into the American market, where it has signed up two breast stroke champions, Rebecca Soni and Eric Shanteau, through the London Olympic Games. The latter participated in the 2008 Beijing Olympics after discovering that he had cancer and is now involved with the ...
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Adidas’ Shifts In Sourcing Cause Pains
SS Venture, a plant that makes Adidas products in the Philippines, was set to shut down by the end of November after Adidas said it was ending its business with the company because of low demand for the durable, rubber-soled shoes made there. The athletic company told factory management of ...
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Foreign Sales Hurt Mizuno
The first half of the fiscal year ended Sept. 30 saw a 10.1 percent drop in worldwide revenues for Mizuno Corporation, ending at ¥76.2 billion (€586.7m-$879.3m). The gross margin fell by 1.2 percentage points to 40.7 percent, and net income dropped by 31.8 percent to ¥0.9 billion (€6.9m-$10.4m). Japanese ...
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Downward Spiral Continues At Heelys
The bad news never ends for Heelys. In the third quarter ended Sept. 30, sales dropped by 55.6 percent to $10.8 million, and the gross margin fell by 3.3 percentage points to 30.1 percent. The net loss was $1.1 million, compared with net income of $0.8 million in the same ...
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Two Italian Retailers Launch Franchising Programs
Two regional sports retailers in Italy, Challenge Sport and Wonderful Group, have launched new store franchising programs. Wonderful’s program is partly intended to achieve a wider distribution for the big Chinese Li-Ning brand, which would be offered in the franchised stores along with other international brands. The Li-Ning brand is ...
