Latest Headlines – Page 432
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Adidas Sees Slow Progress With Reebok
Adidas’ chairman and chief executive, Herbert Hainer, admits that his group still has a lot of work to do with Reebok, especially in the USA and the UK, where it is limiting sales of the brand to certain retailers, but says it is “doing OK” in Germany, France, Spain and ...
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PUMA HAS A DOWN QUARTER Puma’s net income declined...
PUMA HAS A DOWN QUARTER Puma’s net income declined by 9.9 percent to €45.2 million in the 2nd quarter as net revenues decreased by 0.7 percent to €542.8 million, with a currency-adjusted increase of 3.1 percent. The gross margin increased to 52.2 percent from 51.4 percent, but the operating ...
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Amer Expects A Drop In Ebit
Lowering its previous guidance for the current full financial year, the management of Amer Sports, which previously called for a stable operating profit as in 2006, in spite of a slight expected sales decline, is now predicting that it will come short of that target and that the operating results ...
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Head Limits The Damage In Skis But Performs Worse In Racquets
Overall, Head performed better than Amer Sports in the ski market and worse in the tennis market. Its total net revenues decreased by 3.4 percent to €61.6 million in the 2nd quarter. An operating loss of €5.3 million was booked in the period, up from a loss of €3.5 million ...
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Bergans And Norrona Take Over The Distribution In Germany
Bergans Fritid is going even further than that by setting up an office in Hamburg, Germany that will steer the fast-growing distribution operations of the Norwegian sports apparel brand throughout most of Europe. They will be led by Peter Carati, former export manager at Hilleberg, the Swedish tent company, who ...
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Fiskars Invests In The Chinese And Russian Markets
Less than one year after it was acquired by Fiskars, the Finnish company that already owned Gerber, Silva has fully integrated the European activities of this American supplier of knives and other outdoor tools. Including also the compasses, headlamps, pedometers and other outdoor accessories sold by Silva, the ...
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Vibram Sets Up A Tech Center In China
Vibram, the Italian company specialized in technical outsoles, is building a new technology center that will be opened toward the end of next year in China, close to the factories where most of its clients’ boots and shoes are manufactured. The large-scale investment is part of a strategy being implemented ...
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Samsonite Launches Its Outdoor Range
Samsonite, the big international luggage company recently acquired by CVC Partners in a $1.7 billion transaction, has budgeted global sales of about $50 million in its first year of operation for Samsonite Outlab, a nicely designed new range of outdoor products that it introduced with much fanfare last month. The ...
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Arena’S Contract With Manadou May End Up In Court
Arena Italia has fought back through a press statement in rection to recent media reports in Italy and France of the brand’s alleged mismanagement in the signing of a new sponsorship contract with Laure Manaudou, the 20-year-old French champion swimmer. The reports claim that she was forced to accept draconian ...
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Deckers Grows By 26.4% In Quarter
Deckers Corp. exceeded predicted revenues for the second quarter by reporting large increases in retail sales and in its business outside the USA. The company posted a 54 percent sales increase for its own retail stores and for its e-commerce operations, with the UGG flagship in New York reporting the ...
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Crocs Snaps Up Bite Footwear, Soars Past Estimates
Bite Footwear is a U.S. company in Redmond, Washington that markets a range of comfortable shoes for golf, adventure, healthy lifestyle and water sports. Crocs plans to introduce its light-weight closed-cell resin material, Croslite, into Bite’s product range and expand it into new categories. Bite’s sales have not been ...
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Spork Sells (Almost) Like Crocs
One of the most intriguing newcomers at the OutDoor fair in Friedrichshafen was Light My Fire, a Swedish company that has been growing like wildfire with a very small range of striking outdoor accessories. It should reach sales of more than 25 million Swedish kronor (€2.7m-$3.7m) this year due to ...
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Intersport International Keeps Its Organizational Structure While Aiming For Sales Of More Than €11 Billion
As reported in our issue #18-24 of July 6, certain IIC shareholders have proposed to take Intersport International Corp. (IIC) public in order to “monetize” their holdings in the big international retail organization. They have argued that a public offering would help IIC to finance its expansion and create new ...
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Chris Ronnie Takes The Helm At Jjb
Chris Ronnie, a UK industry veteran who acted most recently as chief executive of Dunlop Slazenger, has become chief executive of JJB Sports following the departure of Tom Knight, who steered the company for 5 years after long stints at Adidas and at Blacks Leisure Group, among other assignments. Ronnie ...
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Sports Direct Shares Plummet After Profit Warning And First Results
There’s no doubt that the London financial market has fallen out of love with Mike Ashley and his Sports Direct International. When it published its first set of financial results on July 24, the share price tumbled, at one point touching £1.405 (€2.1m-$2.9m), down more than 25 percent on the ...
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Sports Direct Acquires Stakes In Adidas And Amer Group...
SPORTS DIRECT ACQUIRES STAKES IN ADIDAS AND AMER GROUP Sports Direct International acquired stakes of 0.7 percent in Adidas last month and increased its holdings in Amer Sports Corp. to 10.64 percent on July 31. In reporting its results for the last financial year last July 24, Sports Direct ...
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Jd Performs Better Than Its Rivals
The John David Group bucked the trend in the British sports retail business by reporting a same-store sales increase of 9.9 percent for the 25 weeks ended on July 21 as an average for all its sports stores. Since its fashion stores have stopped their slide and posted a 1.7 ...
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Foot Locker Names New Eurochief, Reorganaizes Ahead Of A Possible Sale
Foot Locker is undergoing a major reorganization that may help the group to fetch a higher valuation. It has retained Lehman Brothers as a financial advisor to evaluate strategic alternatives for the company, and to deal with in inquiries from potential investors. Some private equity firms have reportedly made approaches ...
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Go Sport Will Work With Fewer Suppliers
Groupe Go Sport will continue to reduce the number of SKUs and suppliers, currently consisting of 600 different companies. However François Neukirch, a former Décathlon executive who launched its Quechua and Tribord private labels and joined the French retailer as its new chief executive a few days ago, did not ...
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Accell Had A Good First Half
Accell Group’s indoor/outdoor strategy and its decision to keep stock available for reorders had positive effects on its turnover for the first half of this year, which grew by 10 percent on an organic basis and by 14 percent after acquisitions, reaching €275 million. Because of warm weather through ...
