Latest Headlines – Page 404
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Adidas Completes Ashworth’S Purchase
TaylorMade-Adidas Golf wrapped up its acquisition of Ashworth at the agreed price of $1.90 price per share in cash, after about 74 percent of the company’s outstanding shares were tendered for the offer at the time of its expiration on Nov. 18. Adidas exercised its top-up option under the ...
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Head Figures Improve, But Barely
Head managed to make up for some of the sales it lost in winter sports last year, enabling it to lift overall revenues by 4.3 percent in constant currencies for the third quarter. However, the company suffered from deteriorating markets in tennis and diving, and it was unable to convert ...
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Leki Sells More Than 1m Pairs Of Poles
In a rare move, Klaus Lenhart, owner and managing director of Leki, has disclosed a few figures from his company and the market of trekking and ski poles in an exclusive interview with SGI EUROPE. Leki sold more than 1,000,000 pairs of poles in 2007. Lenhart emphasizes “pairs” because some ...
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Charges And Sales Drops In Europe And The Usa Cause A Big Loss For Crocs
Analysts who believed in Crocs’ continued success through product and brand extensions, foreign development and acquisitions were disappointed by its latest sales and profit report. The company had a net loss of $148 million in its third quarter, and it included $104.1 million in restructuring, impairment and inventory write-down charges. ...
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Heelys Weighs Strategic Options
After rejecting two attempts by Skechers to buy it out, Heelys has retained Houlihan Lokey to be its financial adviser as it explores its strategic alternatives. Heelys said it was making progress but it was aware of its responsibility to shareholders and wanted to cover all of its options. It ...
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Secondary Brands Help Timberland To Report A Profit
Timberland’s profit grew by 18.5 percent to $30.7 million for the third quarter ended Sept. 26, but the management is concerned about its numbers for the year as customers curb their spending. The company had a 2.2 percent drop in sales for the quarter to $423.6 million. This number was ...
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Fenix Outdoor Sees Encouraging Results For 3rd Quarter
In announcing 15 percent growth in turnover during the first three quarters of 2008, Fenix Outdoor said it was expecting growth for the full year, as long as its Christmas sales reach average levels. Sales for the first nine months grew to 745 million Swedish kronor (€72.5m-$93.8m), with 24 percent ...
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Mizuno Is Grim About Future After Poor Quarter
Mizuno saw a drop of 2.5 percent in sales for the first half of the fiscal year to ¥84.75 billion (€682.0m-$880.6m). Its operating income fell as well in the six months ended Sept. 30, down by 16.2 percent to ¥3.45 billion (€27.8m-$35.8m). Net income after tax was ¥1.37 billion (€11.0m-$14.2m), ...
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Higher Overall Sales But Lower Profit For Asics
ASICS reported a 14.2 percent increase in revenues for the first half ended Sept. 30 to ¥124.21 billion (€999.5m-$1,290.6m), but European sales declined and the company’s net income slid by 9.0 percent to ¥7.54 billion (€60.7m-$78.3m). Gross margins dropped by 1.7 percentage points to 42.9 percent of sales. ...
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Downhill Not A Good Thing In The U.K.
Britain’s snow sports industry continues the decline that has been noted since 2001, as the latest annual survey by the Snowsports Industry of Great Britain (SIGB) has found. Sales of hardware for snowsports fell by 3 percent in the year that ended in April, and snowboarding is hurting the most. ...
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Thailand Beats Out China In Bike Exports To Eu
The European Union imported 8 percent more complete bicycles in 2007, with an average value about the same as the year before at €80.53, according to figures from Eurostat. The top 10 source countries saw some change. Thailand, which doesn’t even have duty-free status for bikes shipped to ...
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More Reactions To The European Anti-dumping Duties
A few isolated Italian shoe companies that source their products in the Far East, such as Lelli Kelly and Simod, have sent letters to the Italian shoe industry association, ANCI, disagreeing with its action, intended to limit imports of their products. Lelli Kelly is threatening to pull out of the ...
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Ispo Revamps Its Ticketing System
Messe München is about to improve ISPO Winter’s access and ticketing system to secure a better quality in the evaluation of visitor statistics. Starting at the show that takes place Feb. 1-4, Messe München will personalize all access passes, including those issued to the exhibitors who have been “anonymous” so ...
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A New Sports Fair Is Planned In France
One of the two major sports brands has already indicated that it is interested in participating in the new consumer-oriented show, which is set to be held for the first time in Paris next June 12-14. This brand and the board of directors of FIFAS, the French sporting goods industry ...
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British Fitness Industry Groups Get Active
The annual Fitness Industry Summit in the U.K., which is taking place this week, will have a new format next year. It will be combined with the FLAME awards and the current FitPro Business Conference and be held on June 9-10. The conference will replace the one currently held at ...
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Adidas Remains Optimistic Overall But Reebok Is Still A Problem
Even amid the global economic turmoil, the management of the Adidas Group is confirming its optimistic guidance for the current financial year, while expressing disappointment about the Reebok brand’s most recent results. While acknowledging that the outlook is more uncertain than ever, Herbert Hainer, chairman and chief executive, said he ...
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Puma Ups Guidance After Good Quarter
Puma often proclaims that it likes to do things differently, and so it did again when unveiling its quarterly earnings, which came with an improved outlook for its sales: Instead of just a single-digit increase in sales for the full year, the company is now forecasting a mid- to high ...
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Blacks May Stop Being A Wholesaler
Blacks Leisure, the British outdoor and board sports retailer, has opened talks with O’Neill to put a premature end to its wholesale distribution agreement with the brand in the U.K., in a move to start cleaning up its battered board sports business. This division has been dragging down Blacks Leisure ...
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Quiksilver Slashes Rossignol Price
Quiksilver is on the lookout for fresh capital after its decision to cut the price for its sale of Rossignol by more than half in view of the global credit crunch. It may be speculated that the transaction would not have gone through otherwise. Back in August, it had been ...
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Heelys Weighs Strategic Options
After rejecting two attempts by Skechers to buy it out, Heelys has retained Houlihan Lokey to be its financial adviser as it explores its strategic alternatives. Heelys said it was making progress but it was aware of its responsibility to shareholders and wanted to cover all of its options. It ...
