Latest Headlines – Page 414
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Tecnica Lays Off 10% At Head Office And Plant
Tecnica Group has informed representatives of the 630 employees at its head office and factory at Giavera del Montello, near Montebelluna, that it will have to lay off between 60 and 70 of them because of the difficult situation in the snow sports market and in the world economy in ...
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Lowa Reports Stable Sales; Acquires Swiss Importer
Lowa, the outdoor footwear and ski boot brand under the umbrella of the Italian Tecnica Group, has reported stable sales for 2007. It sold 1,810,000 pairs of shoes under its own brand, precisely the same as in the previous year. Lowa’s largest market with more than 800,000 pairs continues to ...
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Mammut Halts The Raichle Brand To Launch Own Footwear
One year before its 100th anniversary, Raichle, the traditional Swiss brand of footwear for outdoor activities run in former times by Werner Riethmann, will no longer trade in the market as before. Its development team will remain in place, but the trade name will be changed to Mammut, starting with ...
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New Executive Team At Elan
Elan’s management has been entirely reshuffled since the departure of three leading executives in less than a year. The latest resignation is that of Matjaz Grm, vice president for sales and marketing and member of the Elan group’s executive board, who was poached by the management consultants AT Kearney. ...
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Big Matches Mean Big Sales Or Do They?
NPD Group, the international market research company, has studied the market for football-related merchandise and released the results in time for the Euro 2008. It looked at 2006, when the World Cup was held in Germany, and compared sales of clothes and equipment with those of 2005 and 2007. That ...
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In France, You Don’T Have To Play Tennis Or Another Sport To Look Like You Do
According to NPD Group, an international marketing research group, the turnover of France’s tennis market increased by 7 percent to €283 million in 2007 compared with 2006. Interestingly, shoes and clothing inspired by tennis but not designed for playing the game accounted for over a third of this figure, proving ...
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Speedo Challenges Declining Average Prices In The Swimwear Market
The average price of a swimsuit across the world declined from $12.50 in 2003 to $12.35 in 2006, according to market intelligence collected by Speedo, settling in a range between $19 and $22 apiece in the more mature markets and remaining below $7 in developing countries. The global market grew ...
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Suppliers And Retailers Deliver Good Results In Sweden For 2007
The small and medium brands have won market share from the big players in the Swedish wholesale sporting goods market, which grew last year by an average 8.4 percent according to Sportfack, the Swedish trade magazine. At the retail level Naturkompaniet, the specialist in outdoor products, delivered record ...
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Tough Days For Parent Of The Athlete’S Foot
NexCen Brands has trouble on several fronts. After taking on $70 million in additional debt to buy Great American Cookies in January, it has been scrambling to come up with $30 million of that that is due by Oct. 17. It has eliminated a quarter of its workforce, ...
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Louis-dreyfus And Top-notch Managers Are Behind New Chinese Sports Retail Giant
An impressive cast of high-level sports and retail executives has teamed up to form USG Sports, a new company in Shanghai resulting from the merger of four large-scale sports retailers operating over 3,000 stores in 22 provinces. Although USG Sports may not be the largest in terms of size, it ...
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Intersport Grew By 2% In 2007 But Should Do Better In 2008
Intersport International Corp. (IIC) reports a 2 percent increase in 2007 for the sales of the retailers affiliated with its national licensees around the world, reaching another record of €8.54 billion after VAT. A total of 143 new shops joined the ranks of the world’s largest retail organization in the ...
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Go Sport Trims Its Belgian Network
The French sports retail group is preparing to sell off some of its 10 Belgian stores in a deal that should be finalized over the next few days. Since the retailer has yet to inform its employees, it remains unclear how many stores will be taken over as part of ...
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Dutch Buying Groups Thrive
The two leading buying groups in the Netherlands both expanded strongly last year, underlining the increasing concentration in the Dutch sports market, as well as a shift toward larger formats and more specialized sports stores. Sales at Intersport stores in the Netherlands rose by just over 10 percent to ...
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Action Sports Depress Blacks’ Results
From sluggish sales to an investigation into overstated performance, the boardwear division of Blacks Leisure has been causing many headaches for the leading British outdoor and boardwear retailer, which reported a tiny underlying profit for its full financial year ended on March 1. The boardwear division carries all of ...
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Fischer Loses Gregor Dietachmayr
Gregor Dietachmayr is leaving as managing director of Fischer Sports and Fischer Composite Technology (FCT) as of today by mutual agreement with the supervisory board of the company. Dietachmayr has been running the Austrian company for eight years. He served altogether for 14 years for the ski company. Before he ...
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Eider Will Likely Change Hands
After receiving expressions of interest from many different candidates to the takeover, Argos Sotidic, an investment fund that has controlled Eider for the last 10 years, will probably accept an offer for this French outdoor apparel and footwear company by the end of next week. According to various press reports ...
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Future Of Athlete’S Foot Is Uncertain
NexCen Brands is concerned that the shoe store chain might not be able to continue as a “going concern,” as it doesn’t know if it has enough cash to continue operations when it has to pay off $30 million in debt by October. NexCen said it was looking into all ...
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Lower Sales At Foot Locker In Europe
Foot Locker reported that, while sales in a stable U.K. market were up on a comparable store basis, weakness in the rest of Europe resulted in a negative figure for the region, down by the high single digits during the first quarter ended May 3. Both footwear and apparel contributed ...
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Peresso Gets Reebok’S Distribution For Malta
Malta, ranked as one of the happiest countries to live in, is also one of the countries analyzed in yet another extensive market research report that we are releasing next week, covering also Greece, Turkey and Cyprus. As the long-time distributor of Adidas in Malta and the operator of Malta’s ...
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Apparel Drop Doesn't Hold Back Asics
ASICS’ annual sales rose by 16 percent to ¥226.17 billion (€1.38b-$2.15b) for the fiscal year ended March 31, with strong growth in sales of footwear and equipment offsetting weak apparel sales. Net income slipped by 5.6 percent to ¥13.1 billion (€80m-$124.7m). The group’s operating income for the year reached ¥23.39 ...
