Latest Headlines – Page 378
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Npd: French Sales Down For Year Because They Are Not Desirable
The NPD Group has released its evaluation of the sporting goods market in France this year. As of the end of September, sale of shoes and apparel combined had fallen by 3 percent in the previous 12 months. In line with this figure, the market research group expects the full ...
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Puma Pares Down Inventories, Expects Another Sales Decline
After a tough third quarter, Puma is expecting to end the year with a low to mid-single-digit sales decline in constant currencies. However, the company is still confident that it will report a profit for the last quarter, which will enable it to remain profitable for the year. This ...
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Nice Improvement At Le Coq Sportif And Boards & More
Le Coq Sportif continued to buck the trend with a sales rise of 15 percent for the third quarter, building up to an increase of 28 percent to €64.8 million since the start of the year. On the other hand, its gross margin shrank to 46 percent for the nine ...
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K-swiss Looks For Growth In 2011
In the third quarter ended Sept. 30, K-Swiss had a 23.7 percent drop in sales to $70.6 million, with average selling prices falling by 7.1 percentage points, due in part to higher close-out sales that caused a drop in the gross margin to 37.2 percent from 39.8 percent a year ...
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Head’S Profits Boosted By Extraordinary Gains, Winter Orders Are Down
Head’s group turnover dropped by 1.0 percent to €92.2 million for the third quarter ended Sept. 30, while net profit skyrocketed to €41.5 million from €1.2 million in the same period last year. The results included a €42.2 million gain on the recent exchange of its senior notes. ...
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Dominated By Geox, The Montebelluna Cluster Feels The Pinch
The general level of economic activity and employment was relatively stable in the so-called “sportsystem” of the Montebelluna area in 2008, but it has been deteriorating sharply since September of that year, according to the annual Osem survey conducted by the local Boot Museum. The survey failed to take ...
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Sunderland Joins Glenmuir To Expand In Europe
The European distribution of Sunderland, the leading Scottish brand of weatherproof golf apparel, will be taken over by Glenmuir from the beginning of next year. While ownership of the brand remains unchanged, its sales and marketing in Europe will be entirely handled by Glenmuir, a larger Scottish brand focusing on ...
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Uk Gear Prepares For Retail Launch
UK Gear, a British brand of running and walking footwear that specializes in deliveries to armed forces, has recruited three managers formerly dealing with Saucony UK to forge ahead with a large-scale launch at retail level. Andrew Sainsbury, former managing director of Stride Rite UK, which owns Saucony UK, has ...
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Stride Rite Centralizes European Operations
Management changes at Stride Rite UK were the last move in the company’s drive to centralize its European management and logistics. It has already removed managing directors across Europe, so that the operations of national subsidiaries are all run by European managers, supported by local sales and marketing staff. ...
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European Players Make An Impact On Nba Merchandising
While the jersey of Kobe Bryant of the Los Angeles Lakers is the most popular NBA jersey for a second consecutive year in Europe (and the league’s most popular jersey in the U.S. as well), it’s clear that European NBA players are having an impact on the court and at ...
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Ispo Redefines The ‘Trade Visitor,’ Eyes New Markets
Messe München has presented the new concept for its upcoming Ispo show scheduled for Feb. 7-10. The show is being held sort of late next year respecting the changes in the U.S. trade show calendar. As reported, the American SIA show moves from Las Vegas to Denver, which had an ...
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Everlast Signs Six New Licensing Deals
Everlast has secured six new licensing deals, intended to extend its reach in health and fitness markets in the Americas, Asia, Europe and the Middle East: - Brands & Fashion NV, based in Belgium, becomes Everlast’s licensee for socks and underwear in the EU (except Italy, the U.K. and ...
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Losses Decline At Athlete’S Foot Parent
Despite lower mall traffic and consumer spending, NexCen Brands, the owner of The Athlete’s Foot and Shoebox New York, managed to improve its loss from continuing operations in the second quarter ended June 30. This year it was $800,000, compared with $112.8 million for the same period in 2008. Excluding ...
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Turnaround In Sight At Dorel
The recreational/leisure division of Dorel Industries reported sales down by 11.0 percent to $145.2 million for the third quarter ended Sept. 30, hurt by lower bike sales to mass merchants. Sales to independent bike dealers and specialty sporting goods stores by the Cycling Sports Group, which includes Mongoose, GT, Cannondale ...
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Nautilus Sees Stabilization Trends
Nautilus’ total sales fell by 34 percent to $41.4 million in the third quarter ended Sept. 30, but the operating loss improved to $2.8 million compared with a loss of $5.7 million last year. The quarterly net loss was $24.4 million, improving on the loss of $34.1 million. ...
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Easton-bell Emphasizes Medium Prices
Total revenues at Easton-Bell Sports dropped by 11.3 percent to $180.4 million in the third quarter ended Oct. 3, with a 0.9 percent decrease in net income to $6.3 million. The gross margin fell by 1.5 percentage points to 34.3 percent. Team sports declined by 19.0 percent to $91.2 ...
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China Makes More Money With Its Exports
China exported 5.10 billion sporting goods items in 2008, 15.49 percent more than in 2007. The value of the exports grew by 22.06 percent to $8.08 billion, for an average value of $1.59, 5.69 percent higher than the year before. Just over 80 percent of production value came ...
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SRI LANKA STANDS TO LOSE DUTY-FREE STATUS Sri Lanka...
SRI LANKA STANDS TO LOSE DUTY-FREE STATUS Sri Lanka could be losing the duty-free status it has enjoyed for imports of bicycles, parts and accessories into the EU since 2005. The EU grants certain developing countries reductions or exemptions on imports, but the countries have to agree to the ...
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French Retailers Set Up A New International Buying Group
Groupe Go Sport and the French Sport 2000 retail organization have signed an agreement in principle to set up a new company, called International Sports Retail Development (ISRD), to pool their purchases from about 60 major common suppliers, including the major sports brands, but less than 30 percent of the ...
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Foremost Ties Together Its Two Buying Formats
Foremost Golf, the buying group for British golf pro shops, is ramping up its marketing investments ahead of an integration by the start of 2010 of its two cooperation formulas, Foremost and Alliance. The tie-up consolidates Foremost’s position as the largest single golf buying group in the world, with some ...
