Latest Headlines – Page 390
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Austrian Sport 2000 Wants Fresh Money; Partial Pull-out From Hungary
Zentrasport, the Austrian partner of Sport 2000, has decided to adjust its strategy in Central and Eastern Europe, including halting its regular business in Hungary. Its existing retail partners in the country will continue to receive Sport 2000’s exclusive brands and branded special make-ups, but all other supply activities will ...
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More Bad News From K-swiss, Which Sells Royal Elastics
K-Swiss’ sales decreased by 24.8 percent for the first quarter to $74.0 million, although $7.4 million of that came from the newly acquired Palladium. K-Swiss reported a loss of $1.1 million for the period, ended March 31, compared with income of $7.1 million last year, with a $58,000 loss at ...
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Hummel Makes Big Strides
The Danish company reports a near doubling in its operating profit last year to 27 million Danish kronor (€3.6m-$4.9m), up from 14 million DKK. The jump was driven by a sales increase of 30 percent in Hummel’s European operations to a figure that is understood to be higher than €100 ...
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Musto Goes Lifestyle
Another former Reebok executive in the U.K., Andy Towne, is shaking things up at this British company, known for its very technical sailing apparel, extending the brand into the lifestyle sector and developing its direct-to-consumer sales apparatus. These efforts are mainly concentrated on the U.K. market for the moment, making ...
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Bushnell Buys The Cebe Brand
Marcolin has agreed to sell its Cébé brand to Bushnell Outdoor Products, complementing its Bollé and Serengeti lines of eyewear. Bushnell says the acquisition will allow the American company to differentiate its product lines and its distribution channels with a brand that is well known in the areas of snow ...
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Crocs Predicts Profits In 2010
A 32 percent drop in sales at Crocs to $134.9 million led to a net loss of $22.4 million, nearly five times the $4.5 million loss from the same period in 2008, but the company’s new management, led by John Duerden, expects to reach profitability in 2010. Retailers cut ...
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Head’S Winter Sports And Diving Businesses Bring Down Numbers
Hit by double-digit sales declines in its winter sports and diving units, Head reported total revenues down by 7.2 percent to €57.2 million for the first quarter ended March 31. In constant currencies, the drop was over 10 percent. The company ended with a net loss of €11.8 million compared ...
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Fischer Seems On Its Way To Recovery
After a difficult period of re-structuring and two poor winter seasons that especially affected the cross-country business, Fischer is back on track. While the turnover slipped slightly from €134 million to €133 million in the fiscal year ended Feb. 28, earnings before interests and taxes (Ebit) turned from a fat ...
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Wintersteiger Reports Record Sales; Expects Challenging Year
Wintersteiger, the big fish in the small pond of the ski maintenance and storing business, managed to increase its sales to another record result in 2008. Overall turnover improved from €84.5 million in the previous year to €91.5 million. Sales grew faster abroad than in the Austrian domestic market; exports ...
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Slump Seen At Volcom In First Quarter
Consolidated sales dropped at Volcom by 15.3 percent to $68.3 million in the first quarter, falling in all three segments. European sales were down by 14 percent to $21.7 million – a drop of 1 percent in constant currencies. Revenues in the U.S. segment, which also includes Canada, Japan, most ...
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Red Ink Covers Callaway’S Quarterly Results
Callaway Golf Company is suffering from the current economic climate, with sales dropping across all product categories and in all geographical regions for the first quarter ended March 31. Overall, revenues fell by 25.8 percent to $271.9 million, and net income plunged by 82.8 percent to $6.8 million. The gross ...
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Brunswick Finds More Trims In Costs As Sales Fall
Brunswick Corporation faced a 45.4 percent drop in revenues to $734.7 million for the first quarter ended April 4, with sales from the fitness segment falling by 20.5 percent to $118.6 million. Operating earnings at Life Fitness sagged to $300,000 from $8.1 million, including $1.0 million in restructuring charges. Sales ...
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Nautilus’ Sales Drop Significantly In Quarter
In a typically strong season for the fitness equipment business, Nautilus had a 44.4 percent drop in sales to $72.1 million, with double-digit decreases in all four of its segments, mirroring the problems of Precor and other competitors. The company’s net loss was $13.8 million against a loss of $6.4 ...
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Dorel’S Sales Increase Even As Consumers Spend Less
Dorel Industries’ recreational/leisure segment saw sales grow by 15 percent year-over-year to $161.4 million in the first quarter, with sales to independent bike dealers growing by 8 percent and revenues from Sugoi apparel up by 9 percent. Operating income for the period ended March 31 fell by 33 percent to ...
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Briko Reviews Collections In Relaunch Effort
Briko, which specializes in clothing, helmets and eyewear for snow sports and cycling, is reviewing its collections in an effort to relaunch itself. The Italian brand was bought by B Holding last year. B Holding is a diversified conglomerate owned by the family of its chairman, Carlo Boroli, which ...
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British Authorities Want More Active Citizens
British government authorities and the City of London have pledged new funding to raise sports participation in the country as it gets ready organize the 2012 Olympic Games in London. Hopefully, this will help to stop the negative slide in sporting goods sales highlighted by NDP Group’s figures on page ...
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Jjb’S Recovery Plan Passes
JJB Sports seems to have succeeded this week in its bid to escape bankruptcy through a company voluntary arrangement (CVA), obtaining the required approval of more than 75 percent of its unsecured creditors and more than 50 percent its shareholders. Landlords and other unsecured creditors voted Monday to ...
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The U.K. Government Helps Suppliers And Others To Deal With Risky Clients
Lord Mandelson, business secretary with the British government, has announced a program that provides up to £5 billion (€5.57bn-$7.36bn) in additional trade credit insurance to businesses that have suffered reductions in the level of credit insurance coverage. Because of the international credit crunch, the issue of relations between ...
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Rossignol Proposes A New Deal For Sponsoring Ski Champions
Suggesting that other types of sponsors should support ski champions because of the high visibility of the sport, besides ski suppliers, Groupe Rossignol is asking all the athletes sponsored by its various brands, including Dynastar, Look and Lange, to accept a cut in the amounts that they receive from the ...
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Intersport Teams Up With Fiba
Intersport International Corporation continues to invest heavily in sponsorships to support the Intersport brand name, choosing different sports partners in order to benefit all its licensees in the different countries. As football is the most universal game in Europe, it will sponsor the finals of UEFA’s Champions’ League in Rome ...
