Latest Headlines – Page 381
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GO SPORT’S NUMBERS ARE STILL DOWN The Go Sport...
GO SPORT’S NUMBERS ARE STILL DOWN The Go Sport Group’s sales continued to deteriorate, with a comparable sales decrease of 7.7 percent for the third quarter. Go Sport’s comparable sales in Poland expanded by 3.3 percent for the period, but this failed to offset a drop of 6.6 percent ...
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Wool Specialist Buys Pro Quip
The Edinburgh Woollen Mill (EWM), a British supplier and retailer specializing in wool clothing and gifts, acquired Pro Quip last month. It intends to inject funding into the expansion of the golf apparel brand, which ranks second in the British market for golf weather protection, behind Sunderland. Pro Quip ...
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Fila Sees Global Sales Doubling In Next Five Years
The Korean-owned brand believes it can double its $1.3 billion in wholesale equivalent sales in the next five years, and also expects to be in a position to go public on the Korean stock exchange as early as next year. The comments were made at Fila’s semi-annual gathering of global ...
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Alpargatas Moves To Take Over Argentine Unit
The Brazilian footwear and sporting goods manufacturer São Paulo Alpargatas has asked the Argentine market regulator Comisión Nacional de Valores (CNV) to approve its plan to launch a bid to buy the outstanding shares in its subsidiary Alpargatas Argentina at a price of 3.40 Argentine pesos (€0.60-$0.89) per share. ...
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Wolverine Sees New Signs Of Recovery
Retailers are returning to more normal order placement patterns in the U.S., said Blake W. Krueger, president and chief executive of Wolverine World Wide, in commenting on better than expected results for the third quarter ended Sept. 12. He said the Chinese market is clearly recovering, while Western Europe seems ...
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New Sales Structure For Timberland And Smartwool In Europe
Timberland’s wholesale and retail operations will be steered by three managers in charge of different regions of Europe, while taking care of their national markets. They will continue to report to Richard O’Rourke, the company’s European general manager based in the U.K.. The British country manager, Paul Hays, will ...
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New Managers Make Kettler Fit For Future Growth
Kettler has created a couple of new management positions for its home fitness division to ensure future growth. The new appointments reflect the growth of this part of the company and the increased internationalization of its fitness business. From now on, the fitness division is now divided into three categories: ...
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Better Results For Le Coq Sportif And Boards & More
Le Coq Sportif, the French sports brand, has returned to profits in the first half of this year, after two years of heavy investments. Owned by Airesis, a Swiss investment company, Le Coq Sportif reported a sales increase of 37 percent to €40.4 million and a net profit of nearly ...
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International Business Helps Acushnet, Confident About Baby Boomers
Executives from Fortune Brands offered up details about the company’s golf segment at the recent J.P. Morgan Diversified Industries Conference. The company's golf unit, Acushnet, which consists of Titleist, FootJoy, Pinnacle and Cobra, generated $1.2 billion in annual sales last year. Sales outside the U.S. have grown by ...
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British Bust Huge Golf Counterfeiting Operation
A court case that opened in London last month delved into a scam of unprecedented proportions to sell fake golf clubs, an issue that is causing increasing headaches in the industry. The prosecutor said that investigators uncovered a global conspiracy with operations in several European and Asian countries, and fake ...
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Dutch Federation Settles Suit Against Euretco
A lawsuit filed by the Dutch federation of sporting goods suppliers, FGHS, against Euretco Sport, the country’s second-largest buying group, was withdrawn at the last minute after the two parties managed to come to a settlement. The organization had filed the case to fight a spate of price reductions that ...
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The World's Major Sporting Goods Retailers Grew By 4.6% In 2008
Together, the 72 major sporting goods retailers around the world increased their combined market shares further to 24.4 percent of the global sporting goods market, which remained stable at $284 million, according to NPD. Their combined sales reached $67.6 billion in 2008, but the economic crisis limited their growth to ...
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Nike Raises Profits In Spite Of Lower Sales, But Europe Is Not Performing Well
European markets dragged down Nike’s sales for the first quarter of its financial year, which ran until the end of August, with double-digit sales drops across the continent. There are only slightly brighter near-term prospects ahead, judging from European orders. This emerged from the results presented by Nike ...
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Nike Sees Huge Gains In China
A document filed with the U.S. Securities and Exchange Commission about adjustments introduced by Nike for its financial reporting at the beginning of June have revealed some more regional figures – detailing revenues and earnings in China, pointing to the sudden deterioration of Central and Eastern Europe, and the slowdown ...
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Jost Becomes Chairman Of Intersport International
Klaus Jost has been unanimously elected by the supervisory board of Intersport International Corporation to be its new chairman. Jost, 48, is the chief executive of Intersport Deutschland, the biggest single national organization within IIC. An experienced marketing-oriented executive with an international vision, Jost worked in the managament ...
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Eybl Makes It Into Germany At Last
Intersport Eybl will open its first store in Germany on Oct. 15. The store in Passau right at the Austrian border will simply be called Sport Eybl because this big Austrian retail company does not hold the Intersport license on German territory. Eybl’s low-budget format, Sports Experts, is ...
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Xxl Moves Into Sweden
The fast-growing Norwegian operator of sports superstores, which is among others one of the only two major off-course suppliers of golf products in its domestic market, is making its long-awaited move into Sweden in the spring of 2010. According to Sportfack! magazine, the first Swedish XXL Sport is ...
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Blacks Operates Serious Restructuring In All Areas To Go Back Into The Black
The newest measures, which were announced today, involve the shutdown of 89 outdoor stores, most of which have not been trading profitably for years and the elimination of about 50 jobs at the head office in Nothampton, representing about 20 percent of its local staff. Consultations have started with their ...
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Jjb Sees Better Times After Six Difficult Months, Slazenger Should Go
JJB Sports continued its slide in the six months ended July 26, with revenues plunging by 42.5 percent to £178.6 million (€196.8m-$289.9m). The net loss grew to £27.2 million (€30.0m-$44.1m) from £5.9 million for the same period in 2008. The gross margin fell by 13.2 percentage points to 33.6 percent ...
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Meanwhile, Jd Gets A Boost
Contrasting with the bleak situation at JJB Sports and at the other major British sports retail group, Blacks Leisure, JD Sports Fashion reported an 8.4 percent increase in revenues to £324.0 million (€357.1m-$525.8m) for the six months ended Aug. 1. Net income grew by 12.8 percent to £6.9 million (€7.6m-$11.2m). ...
