Latest Headlines – Page 420
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Wintersteiger Survived Bad 2006-07 Winter In Good Shape, Changes Management
Wintersteiger’s 2006 sales result was repeated for 2007 with €83.3 million in turnover. The global market leader in ski service, maintenance and rental systems suffered from the bad 2006-07 Winter season, but its diverse holdings helped it hold steady. The sports division’s sales slipped significantly from €48.9 to €41.5 ...
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Ashworth Re-engineers Its European Operations
A new vertically structured sales team has been appointed at Ashworth UK, which is also responsible for sales all over Europe, following the recent promotion of Jon Camp as managing director of Ashworth for the European market. Formerly finance and operations director of the European subsidiary, he replaced Grahame Jenkins ...
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Despite A Uk Court Decision, Globe Turns Into A Profit From A Loss
For the first half ended Dec. 31, Globe saw sales increase by 3 percent (10 percent in constant currency) to 63.5 million Australian dollars (€38.23m-$58.9m), and recorded a net profit of A$288,000 (€173,381-$266,435) against a loss of A$4.5 million (€2.7m-$4.16m). The bottom line was reduced by A$1.2 million (€722,422-$1.1m) relating ...
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Heelys’ Revenues Melt Down, New Competition Springs Up From Europe
The American supplier of wheeled footwear had more bad news at the end of the fourth quarter, reporting a loss of $5.5 million as revenues fell by no less than 86 percent to a mere $9.8 million, compared with $71.1 million in the year-ago period. Heelys said that part of ...
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Athlete’S Foot Is Doing Better Away Than At Home
Comparable store sales for the Athlete’s Foot were down by 9.6 percent for the fourth quarter of 2007, even though its parent company, NexCen Brands, saw growth of 6.4 percent, led by a 25 percent jump in comparable store sales from the Athlete’s Foot outside the USA. Overall, NexCen had ...
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Recreational/Leisure Unit Comes Through For Dorel Industries
Dorel Industries, whose recreational/leisure division now includes Cannondale, Pacific Cycle, Schwinn and Pacific Outdoors, among others, saw adjusted net income of $100.1 million for the year ended Dec. 30, $8.1 million more than in 2006. Before adjusting for the restructuring costs in the juvenile segment and in its home furnishings ...
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Friedrichshafen Works To Get More Flights To Its Trade Shows
Friedrichshafen, whose trade fair center finally got the assignment to run the OutDoor show through 2013 in spite of its well-known logistical difficulties, is working hard on improving flight connections to and from the town. New direct flights to and from Friedrichshafen (airport code FDH) are being provided ...
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Sonoma Employs Chinese And Bangladeshi Workers In Romania
Romania has been a major source of sports clothing and footwear in Eastern Europe throughout the 1990s, but its role has diminished in the last few years because many Romanian workers have left the country, seeking higher-paid jobs in Western Europe, especially after the European Union liberalized the issuance of ...
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Sport Zone Expands Into Spain, Eyes Italy
SportZone, the major Portuguese retail chain specializing in sporting goods, reported an annual turnover of €143 million for 2007, up by 14 percent when compared to the previous year. Only part of the growth was due to the opening of new stores, as the total selling area of the chain ...
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It Was Negative Across The Board For Foot Locker
Foot Locker saw its net income fall by 23 percent to $87 million for the fourth quarter ended Feb. 2. Sales fell by 10 percent to $1,482 million, and comparable store sales declined by 7.8 percent in the quarter. This reporting period had 13 weeks; a year ago it was ...
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Euretco Buys Bakkersport
Euretco Sport, the second-largest buying group in the Dutch sports retail sector, is taking over the 10 sporting stores of Bakkersport and their inventories, starting from the beginning of June. Euretco, which runs the Sport 2000 banner in the Netherlands, plans to resell the stores to independent retailers who will ...
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Integrix Absorbs Fila Emea In Mbo
Integrix is the name chosen for a new vertically integrated group that will combine Fila’s operations in Europe, the Middle East, Africa and the Indian subcontinent with the sourcing activities of the Indian-based Batra Group. The new company also takes on Batra’s existing licensing agreements with Ocean Pacific and Russell ...
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Reebok’S Executive Deck Is Again Reshuffled As Its Sales Woes Continue
Paul Harrington, Reebok’s president and chief executive, is leaving the company to be replaced by Uli Becker, chief marketing officer, as the brand continues to suffer declining sales as well as orders, in spite of better margins. Adidas has already replaced all of the American company’s regional executives, plus the ...
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The Adidas Brand Jumps By 26% In The Quarter, Lifting Group Results
The mitigated results at Reebok couldn’t overshadow the impressive performance of the Adidas brand in the fourth quarter of 2007. Its sales soared by 26 percent in constant currencies or by 19.6 percent in euros to €1,648 million for the period. The Adidas brand’s gross and operating margins each jumped ...
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Puma Acquires Chalayan’S Fashion House
Puma has acquired a majority stake in the company of Hussein Chalayan, a fashion designer from northern Cyprus established in London, as well as the brand by the same name. Chalayan has been appointed creative director of Puma’s fashion ranges, a new position, effective immediately. Fittingly unveiled during Paris ...
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The Wildcat Starts To Jump Again
News of the deal with Hussein Chalayan came just hours after Puma issued better-than-expected results for 2007. Robust sales and juicy margins in the last quarter of 2007 sharply lifted the company’s performance for the year, in spite of the downturn in the American market and the lack of large-scale ...
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Winter That Wasn’T Brings Down Head’S Numbers Ahead Of De-listing
Head has announced that it will seek a de-listing of its ordinary shares on the New York Stock Exchange (NYSE) by end of this month, but will retain its listing on the Vienna Stock Exchange after the transaction. At the same time, the company will file the necessary forms with ...
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Quiksilver’S Winter Unit Brings Down Positives In Other Segments
While another mild season hurt Quiksilver’s winter sports segment, its other operations were more successful, so the company ended up with a 14 percent increase in revenues to $605.3 million for the first quarter ended Jan. 31. Gross profit was $275.7 million, up from $248.9 million last year. ...
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New Management For Asics Europe
Katsumi Kato will become the new president and chief operating officer of ASICS Europe on Apr. 1, replacing another veteran of the Japanese company, Koji Hieda, who is leaving the European organization for the second time to act as senior sales manager for Western Japan. After working in several positions ...
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Exel’S New Ceo Will Have To Deal With Difficulties In Sports Division
Exel Oyi will have a new president and chief executive by April 10, when Vesa Korpimies will replace Göran Jönsson, interim CEO and president since November 2006, who will join the company’s board of directors. Korpimies joined the Exel group in 1987 and has directed the development of the company’s ...
