Latest Headlines – Page 415
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Mixed Results For Mizuno’S Year
Mizuno’s net income decreased by 14.7 percent to ¥2.42 billion (€14.7m-$23.0m) for its fiscal year ended on March 31, although its operating income increased by nearly 14 percent to ¥7.86 billion (€48.0m-$74.8m). The Japanese group’s annual revenues rose by 7.6 percent to ¥174.02 billion (€1.06b-$1.66b). Sales increased in ...
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Kappa And Superga Book Double-digit Growth In Q1
Aggregate sales of BasicNet’s network of licensees rose by 9.4 percent in the first three months of the year to €74.1 million thanks to double-digit growth for the Kappa and Superga brands. At a constant euro/dollar exchange rate, aggregate sales went up by 11.6 percent. Kappa’s sales rose by ...
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Timberland Doubles Earnings In First Quarter, Licenses Out Its Apparel
The company’s results are not as high as they have been in former years, but they are showing some improvement, and management hopes that the numerous initiatives that it has taken in the last few months will help raise both sales and margins. Timberland’s declined by 3.6 percent on a ...
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Italian Sports Fests Report Successes
While admitting that some adjustments will be necessary to optimize this first international consumer-oriented project in the outdoor segment, the organizers of OutdoorDays in the northern Italian resort of Riva del Garda feel that it is going to become a reference on a European level after its first edition, which ...
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Sport 2000 Will Own Stores In France
A French private equity fund, Activa Capital, has agreed to acquire a stake of 37.4 percent in the French buying cooperative of Sport 2000 International for about €40 million. Combined with bank loans of about €60 million, the total investment of €100 million is designed to finance the development of ...
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Lots Of Action In Challenging Uk Market
The three major sporting goods retailers in the UK are taking new initiatives, including new incursions into the footwear and fashion apparel sectors, in the context of an increasingly challenging retail environment. The tough market situation was highlighted today by an interim statement issued by JJB Sports, reporting a drop ...
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Adidas Starts The Year Well, Thanks In Part To Emerging Markets
The Adidas Group started the year in top shape. In terms of local currencies, group sales rose by 10 percent, in spite of a further drop at Reebok, with double-digit increases everywhere except in North America where they fell by 7 percent. The biggest sales increases were achieved in markets ...
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The Three Stripes Win Rounds In America
After scoring a momentous victory against C&A, H&M and Vendex in the European Court of Justice (see SGI Europe no. 19-13+14 of April 18) in favor of its own Three Stripes logo, Adidas has won a lawsuit launched against an American shoe retailer, Payless ShoeSource, in a U.S. court in ...
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Net Profit Dips At Puma
Puma's gross margin grew by 1.2 percentage points to 53.4 percent in the first quarter thanks to numerous factors including the weak dollar and a different sales mix in geographical and product terms, but higher investments in marketing and retail expansion caused Puma’s net profit to decline by 7 percent ...
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Head Improves Results
Head effortlessly raised its sales by about 7.5 percent to €61.6 million for the first quarter, as its winter sports division partly recovered from paltry sales in the same period in 2007, but the company warned that the ski market had still not fully returned to the sales levels of ...
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Jarden Sees Progress From K2 Purchase
Jarden Corp.’s net income increased to $4.7 million in the first quarter from $1.4 million last year as sales jumped by 48 percent to $1,217.4 million, primarily because of the inclusion of K2 in the Outdoor Solutions segment for the first time. The acquisition more than tripled the segment’s revenues ...
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Cycling Drives Progress At Shimano
Shimano is forecasting growth of 21 percent in net income to ¥24.0 billion (€147.9 - $223.4m) for the financial and calendar year 2008, while net sales should go up by 6.2 percent to ¥225 billion (€1.41bn-$2.19bn). Global fishing tackle revenues are expected to reach ¥51 billion (€314.4m-$487.9m), slightly less than ...
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Nautilus Begins The Year With A Loss, Restructures Management
Sales fell by an average of 7 percent in each of Nautilus’ fitness equipment operations in the USA, leading the U.S. company to book a net loss of $6,360,000 for the first quarter of 2008 ended March 31, compared with income of $2,464,000 in the year-ago period. The company’s business ...
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H²0 Parent Changes Organization
Buksesnedkeren, the Danish parent company of H²O and Signal, is undergoing big changes after a year in which its operating income before amortization and depreciation (EBITDA) fell to 10 million Danish kroner, about half as budgeted by Change Capital Partners, the British equity fund that took over the company in ...
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Cross Hires New Managers
Cross, the Swedish ski and golf company, is moving all of its activities to Stockholm to cope more efficiently with its international growth. The company currently has 18 staff employees based in Gothenburg, on the west coast of Sweden, and another 8 design, sales and marketing staff based in Stockholm, ...
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Mammut Acquires U.K. Distributor
Mammut Sports Group, the Swiss outdoor company, has acquired Outdoor Elements, the British importer of Mammut’s footwear brand Raichle, and named it Mammut UK. It will be in charge of distributing both Mammut and Raichle. DMM International, the Welsh manufacturer of climbing equipment, however, will continue to distribute Mammut ...
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Heelys Takes Over Some European Distribution
A new subsidiary of Heelys, Heeling Sports France, is going to take over distribution of Heelys shoes in France, Monaco and Andorra from a distributor, Trotwood Import/Export. Based in Annecy, France, the new subsidiary will be run by a sporting goods industry veteran, Serge Darcy, who has worked in leading ...
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Margins Tumble At Crocs
Crocs has reported a net loss of $4,527,000 for the first quarter ended March 31, compared with net profit of $24,945,000 in the same period of the previous year, and an operating loss of $6,404,000 compared with an operating profit of $37,158,000. The company said it would have posted a ...
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European Skateboards Roll Into The Usa
Jart Skateboards, one of the few European manufacturers of skateboards, recently opened a U.S. subsidiary in Los Angeles, which will be operational by the summer. It wants to introduce its own brand, called Jart – or crazy in Spanish slang – to the U.S. market where up to 60 percent ...
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Yue Yuen Spins Off Retail Operations
Yue Yuen, the world’s largest contract manufacturer of branded footwear, has started the process of spinning off its retail operations, grouped since last November into a separate subsidiary, Pou Sheng, which will also be the exclusive distributor of Converse in China from 2009 on. The subsidiary has been listed on ...
