Latest Headlines – Page 403
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What Will Happen To Quiksilver?
Financial analysts who are following Quiksilver are suggesting that the heavily indebted company may be forced to file for bankruptcy protection or to sell itself, after pumping a total of nearly $800 million into its unfortunate adventure with the Rossignol Group. There is continued speculation in the U.S. press that ...
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Billabong Buys A British Chain Against A Worsening Market
Sales growth has dropped significantly for Billabong International since the company’s annual meeting in October, prompting it to slash its guidance for the current fiscal year’s earnings per share. Previously the Australian surfwear company forecast EPS growth of 12 percent to 16 percent in earnings per share; that projection has ...
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Rip Curl Reorganizes European Operations Amid Falling Orders
Rip Curl sees its European sales declining by about 5 percent in the financial year ending next June 30, compared with €120 million in the past one, but this other Australian surfwear company should continue to grow globally, in spite of the economic crisis, without any need to lower its ...
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Casall Ties Up With An American Investor
Casall, the Swedish activewear brand, has teamed up with new investors and executives to speed up the brand’s international expansion. It set up a joint company with the Aronsson Group, an investment company based in New York and headed by high-profile fashion executives, to partly finance and implement the introduction ...
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Peak Performance Contributes To Parent’S Sales Rise In First Quarter
IC Companys, parent of Peak Performance and several other apparel brands, had 6 percent growth in sales to 1,261.6 million Danish kroner (€169.4 m-$220.7m) in the first quarter of its 2008-09 financial year, ended on Sept. 30. However, the operating profit fell by 8 percent to DKK 230.4 million (€30.9m-$40.3m) ...
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Johnson Outdoors Is In The Red For The Quarter And For The Year
Johnson Outdoors had a loss of $74.6 million for the fourth quarter ended Oct. 3, prompting the company to stop dividends and to cut costs. The loss compares with income of $900,000 for the same period last year. The loss includes non-cash goodwill impairment charges of $41.0 million and a ...
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Columbia Hires Richardson To Oversee Its Footwear Business
Columbia Sportswear has appointed Kirk Richardson as its new general manager for footwear. This is a new position within Columbia’s top management. Richardson will oversee the entire footwear business of the Columbia, Montrail and Sorel brands and will report to Mark Nenow, vice president for global footwear. Richardson is ...
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A Kiwi Brand Breaks The Ice In Its Euro Distribution
Icebreaker, the marketer of apparel made with Merino wool from New Zealand, is about to reorganize its distribution in some European countries. THE OUTDOOR INDUSTRY COMPASS, SGI Europe’s outdoor publication, already hinted last week on an exclusive basis that some major changes were ahead. Now, SGI Europe can tell the ...
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National Fairs Are Cancelled But Winter Ispo Keeps Thriving
After the recently announced cancellation of the Sportitaly fair in Bolzano and Swisspo in Zurich, it’s now the turn of the SGMA Spring Market. This generalist American trade show, held in Las Vegas, had likewise failed to attract many visitors last June. The Sporting Goods Manufacturers Association and DMG World ...
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Sport Invest And Associates Launch New Job Portal, Organize Career Day At Ispo
MySportProfiler.com is a new international internet-based platform that is meant to put sports brands together with anyone who would like to work with them. A total of 51 companies in the sector including Nike, Puma, Reebok and Quiksilver have already agreed to cooperate in the new project, which should be ...
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Puma Will Control Its Bodywear Licensee
Puma plans to acquire a majority share of 50.1 percent as of next Jan. 1 in one of its most successful licensees, Dobotex, provided it gets approval by anti-trust authorities. The seller, a Dutch holding company called Beheermaatschappij Jeradma, will keep the balance of the shares. The terms of the ...
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Diadora Signs An Apparel License With Grant
While its shareholders have been recording various expressions of interest about its possible acquisition, Diadora has signed a three-year license agreement with an Italian fashion apparel company, Grant, for the use of its own Heritage brand in men’s and children’s fashion collections to be distributed in Europe, the Middle East, ...
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The Spanish Government Is Serious About Sport
Speaking after Spain’s victory in the Davis Cup, Spanish Prime Minister José Luis Rodriguez Zapatero announced plans to set up a full-fledged Sports Ministry during the next ministerial reshuffle, modifying sports-related legislation that dates back to 1990. Emilio Sanchez Vicario, captain of the Spanish Davis Cup team, had reportedly suggested ...
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Jd Acquires A Stake In Jjb Sports
JD Sports Fashion, the major sporting goods retailer that has been performing the best in the tough U.K. market lately, has made an investment of more than £8 million (€9.4m-$12.1m) to acquire a stake of 10 percent in the financially stricken JJB Sports. At the same time, JJB Sports said ...
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Polish Intersport Performs Well And Opens Its 25th Store
Intersport Poland has recently opened its 25th store in Gdynia near Gdansk. It is the sixth opening this year. The additional store in the north of the country is another move to overcome the company’s traditional focus on the southern part of Poland. Altogether Intersport now has a total selling ...
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Foot Locker Bounces Back But Remains Cautious
Despite turning a profit of $24 million for the third quarter ended Nov. 1, compared with a loss of $33 million the year before, Foot Locker downgraded its expectations for the fourth quarter because of the current retail environment. It struggled in its domestic market, but was stronger outside the ...
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Athlete’S Foot Parent Starts Trying To Turn Around
As its management continues to discuss the sale of its Bill Blass business, NexCen Brands reported 85 percent growth in quarterly revenues from continuing franchising operations to $12.0 million, boosted by its recent purchase of Shoebox New York and Great American Cookies. These and other numbers for the third quarter ...
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Décathlon Inaugurates Domyos Site
Domyos is the private label for fitness, dance and martial arts of the Oxylane group that is sold in its Décathlon stores around the world. According to company officials, Domyos’ sales of softgoods and hardgoods are a little more than half of the turnover of Icon Health & Fitness, the ...
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Icon Launches New Product Initiatives
Officials of Icon Health & Fitness would not comment on a new project that would incorporate the Nike+ system, developed with Apple’s iPod, into some of its own treadmills. They indicated, however, that Icon will unveil a major innovation in fitness clothing under its Pro-Form brand for the European market ...
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Callaway Wins Injunction Against Titleist Balls
A District Court judge in Delaware has ruled that Acushnet has to stop selling its Titleist Pro V1 family of golf balls, which Callaway Golf said infringed on four of its patents. Following the deliberation of a jury last December, the court issued a permanent injunction on the sale of ...
