Latest Headlines – Page 383
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Asics Asks, Why Do You Run?
Asics has published a survey of 3,500 runners in seven countries in Europe and has found that 54 percent run to stay fit. Forty percent do it to lose weight, 34 percent run for fun and 35 percent use it to relieve stress. The survey, conducted by the ...
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Eurobike Grows
The good news is that many of the 1,028 exhibitors at Eurobike found it to be very busy. The bad news is that others did not, as many visitors did not use the new east entrance at Friedrichshafen, and thus did not pass by many booths in that area. Overall, ...
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Adidas And Puma Stress Their Sustainability Endeavours
Puma has just released a 121-page sustainability report, its fifth, outlining what it is doing as part of PumaVision, a program that combines its corporate social responsibility activities and initiatives. The latest report covers the period 2007-08. In it, Puma explains PumaVision and describes its responses to the challenges ...
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Ispo China Exhibitors Get More Help In The Market
After 17 percent growth in visitors for the 2009 edition of Ispo China, the organizers are planning to keep it the largest sporting goods trade show in Asia. In China alone, sporting good retailing grew by 50 percent just in 2008, according to Messe München, hoping for an increased turnout ...
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American Firms Get New Help In Europe
The U.S. Sporting Goods Manufacturers Association has launched its European Help Desk, a program designed to help its members be more competitive in the European market. It will answer questions about licensing, cross-cultural marketing, distribution, subsidiary relationship and EU regulations. Based in Munich, the new service is anchored ...
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Some Brandnew Awards Are Worth More Than Face Value
Ispo’s BrandNew Awards have established their own Twitter feed, where interested parties can follow the latest developments and innovations in sports. The profile name to follow is ispo_BrandNew. A couple of winners of the prestigious awards have capitalized on the honor. Bergmönch, which won YKK Hardware Summer Award at ...
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The European Sports Goods Market Was Flat In Local Currencies In 2008
This two-page chart is the same as the one published in the Aug. 28 edition of SGI Europe, but it carries new estimates for the retail sales of two Italian retailers and a Swiss one. It also introduces a significant new element of appreciation: consumption per capita. The European average ...
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Little Hope For Karstadt’S Parent Company
Klaus Hubert Görg, the interim receiver of the insolvent Arcandor group, which is the parent company of Karstadt and Quelle among others, sees little hope of finding an investor for the entire group. He is now concentrating on the new organization of each part of the group affected by the ...
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Runners Point’S Sales Are Up; Goes Into Franchising
Runners Point, the German specialty chain for running and other footwear, reports strong total sales for the first half of 2009. Sales were up by 18.5 percent to €64 million. On a comparable basis, sales increased by 6.2 percent. Currently, the company, which was in the Karstadt realm until the ...
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Foot Locker Breaks Even In Quarter But Europe Is Ok
Foot Locker had break-even net income compared with last year’s $18 million in the second quarter ended Aug. 1. Total sales fell by 15.6 percent to $1,099 million, but would have been off by only 11.8 percent excluding the effect of currency. Comparable store sales declined by 12.1 percent in ...
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Usg Gains Market Share In The Netherlands
United Sports Group (USG), the leading sports retailer and wholesaler in the Netherlands, again widened its market share in the hard-hit Dutch market last year. It reached retail sales of nearly €243 million in the country with its own stores, up by 1.5 percent, but this was entirely due to ...
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Head Exchanges Bonds, Improves Margins
Total revenues at Head N.V. increased by 1.9 percent to €57.3 million for the second quarter ended June 30. It would have been a drop of 1.8 percent on a currency-neutral basis, but the company managed to trim its losses as compared to the same period a year ago. ...
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Sales Look Good At Billabong, But Earnings Drop
Billabong International reported a 23.9 percent increase in group sales to 1.67 billion Australian dollars (€973.4m-$1,388.2m) for the fiscal year ended June 30; this was an increase of only 9.1 percent in currency-neutral terms. The final figure also got a boost from the acquisition of DaKine. It is the first ...
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Dorel Gets Hurt As Consumers Buy Cheaper
The recreation/leisure segment of Dorel Industries had a 2.1 percent sales increase in the second quarter to $199.1 million, but still saw a drop in operating earnings of 7 percent to $16.0 million. The company attributed the revenue growth to currency exchange rates and to acquisitions; organic sales dropped by ...
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Belle Sells Chinese Fila Assets To Anta
Belle International Holdings, which is performing better in street shoes than in sports apparel, is transferring most of its Fila properties in China, Hong Kong and Macau to Anta Sports Products for 314 million renminbi (€32.3m-$46.0m). Anta, whose results grew strongly in the first half of this year ...
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Anta’S Half Looks Good All Around
Anta Sports Products of China had a big 27.7 percent surge in sales to 2.82 billion renminbi (€289.8m-$413.4m) for the first half of the year. The net profit was up by 40.1 percent to CNY608 million (€62.5m-$89.1m), boosted by lower marketing expenses and a drop in the cost of shoe ...
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Li Ning Has A Strong First Half
Li Ning Group has reported revenues up by 32.4 percent to 4.05 billion renminbi (€416.2m-$593.7m) for the first half of this year. Profit attributable to equity holders grew by 41.6 percent to CNY 473 million (€48.6m-$69.3m). The gross margin fell by 0.6 percentage points to 47.8 percent. The ...
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Pacific Brands Transfers Merrell Rights To Rcg
Continuing its reorganization, the Australian conglomerate Pacific Brands has decided to discontinue the sale of three licensed brands – Lee, Wrangler and Merrell – as of January 2010. The company has already exited the women’s fashion business and has started restructuring its international footwear operations. The Merrell business is ...
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Mizuno Drops A Little At Home, A Lot Elsewhere
Mizuno Corporation saw its sales fall worldwide in the first quarter ended June 30, with a small drop at home in Japan paling in comparison with double-digit decreases abroad. Overall revenues dropped by 9.3 percent to ¥40.9 billion (€305.9m-$436.3m), combining a 2.9 percent drop in Japan to ¥30.3 billion (€226.6m-$323.2m) ...
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Other Japanese Companies Report Declines
Revenues dropped at an even higher rate of 16.0 percent at Asics, going down to ¥54.9 billion (€410.6m-$585.7m) in the first quarter ended June 30, and the gross margin was down by 1.4 percentage points to 43.5 percent. The operating profit decreased by 46.0 percent to ¥5.25 billion (€39.3m-$56.0m), and ...
