Latest Headlines – Page 438
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The Athlete’S Foot Enters Sweden
The first Swedish store of The Athlete’s Foot is due to open in late July on a surface of 60 square meters in Malmö, which lies across the bridge from Copenhagen. It will be operated by a new master franchisee for the country, and the partners in the deal are ...
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Swiss Sporting Goods Chains Gain Further Market Share In A Declining Market
The Swiss sporting goods market is in the doldrums. ASMAS, the country’s sporting goods retailers association, estimates that sales in the sector fell by between 3 and 5 percent last year to somewhere between 2 and 2.2 billion Swiss francs (€1.2-1.3bn-$1.6-1.8bn), excluding bicycles, due especially to poor winter weather conditions. ...
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The Swedish Market Grows Briskly, Faster Than The Chains
Like in the other two Scandinavian countries, the sporting goods market grew at a fast clip in Sweden last year. The final official statistics show that it rose by 7.0 percent – slightly less than the 7.4 percent growth recorded by the Swedish retail market in general. Retail sales of ...
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Fenix Outdoor Improves Further
The first quarter of 2007 brought a 5 percent increase in net income to 19.6 million Swedish kronor (€2.1m-$2.9m) for the parent company of Naturkompaniet, Fjällräven Tierra, Primus and Hanwag. Net sales increased by 8 percent to 209.5 million SEK (€22.8m-$30.7m), but they would have been up by 12 percent ...
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Npd Gives Some Figures About The French Market
The French sports footwear market grew by only 0.3 percent in 2006 to €1.7 billion, according to NPD Group. Volumes increased by 2.6 percent to 41.6 million pairs, but the average price per pair continued to decline to €40.7. More than one out of two pairs was bought in the ...
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Head Feels The Sting Of Last Winter
The company estimates that retailers will reduce their orders of alpine ski equipment by 25-30 percent for the whole market, due to high inventory levels. Meanwhile, the last unseasonably mild winter contributed to a drop of 15.3 percent to €57.3 million in net revenues for the 1st quarter. The turnover ...
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Umbro’S French Licensee Gets Help From The Brand, Drops K-way
Umbro has bought a 49 percent stake in its French licensee, Noël Soccer SAS, in a transaction that is helping it to finance an extension of its sponsorship of the Olympique Lyonnais football team to 2013. The sponsorship of Olympique Lyonnais, dating back to 1993, is of great importance to ...
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Basicnet Boosts Its Results On International Expansion
After ten years on the road for BasicNet, first in the USA and then running its international licensing business, Simon Bamber has decided to set up a new company in his native England, Glinvest, whose first move is to act as master licensee of BasicNet’s Kappa, Robe di Kappa and ...
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Europe Helps Fuel Asics’ 13.7% Growth
Strong sales in Europe as well as in the USA helped drive ASICS to revenue growth of 13.7 percent to 194,515 million yen (€1,188m-$1,604m) for its full year ended March 31, 2007. The gross margin was up by 1 percentage point to 43.4 percent. Operating income rose by 23.1 percent ...
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Lowa Posts Record Sales
In 2006, Lowa, the Bavarian outdoor footwear specialist owned by Tecnica Group, managed to increase its turnover by around €10 million to €108 million. The figures include the sales in Germany of other brands owned by Tecnica - especially Nordica, Think Pink, Rollerblade, Dolomite and T-Shoes – which are handled ...
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Strong Results For Zoggs And Purelime Under New Ownership
The Kendal Group (TKG), the acquisitive UK-based company set up by Daniel and Leo Gestetner in early 2003, saw its sales increase by 21.3 percent to £12.15 million (€17.8m-$24.0m) in 2006, generating good profits. Revenues grew at an even stronger rate of 26.2 percent in the 1st quarter of this ...
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Cybex Appoints A New Eurochief
Cybex International recently appointed Burkhard Lüben as European manager, replacing Howard Davis, who is retiring. Based in Hamburg, Lüben will report to John Young, the company’s manager of international sales. This 50-year-old executive was previously in charge of the Germanic markets for Life Fitness and for Johnson Health Tech. ...
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Nautilus Has A New Spanish Partner And A Slow Start Of The Year
A group of four young Spanish fitness instructors have formed a new company, called Fit4Life, that has taken over the distribution of Nautilus Group’s products in the country. The four partners were previously involved in training on Schwinn and other Nautilus machines in behalf of a previous Spanish distributor that ...
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Ispo Retools Its Summer Edition
It may well be worth taking a look at the new format of the Summer ISPO, taking place on July 8-10 at Messe München, considering the strong lifestyle orientation of the summer show, which has attracted new exhibitors such as Hummel, Reef and Spyder Active Sports, along with more leisure-oriented ...
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New Sourcing Exhibition In Hong Kong And Earlier Dates For Ispo China
Yue Yen, Jako Asia, Sing Wo Sports, Red House Hong Kong and some other big Chinese contractors have already agreed to show at Sports Source Asia, a new event due to be held next Oct. 27-30 in Hong Kong for the sourcing of sports equipment, footwear and apparel. Most exhibitors ...
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‘Earth Calling Shirebrook’
Managers of Sports Direct International, the leading British retail and wholesale group, were lampooned by investors after the company issued a puzzling statement on April 26 that was widely interpreted as a profit warning. Investors had already been worried by the slide in the price of Sports Direct’s shares, which ...
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Jd Makes Good Progress
In spite of cut-throat competition in British sports retailing, the John David Group managed to lift its comparable sales and multiply its profits for the financial year ended last Jan 27. The JD banner has continued to establish itself as an appealing sports and lifestyle retailer, enabling it to move ...
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Blacks Sees Some Improvement
Reporting an almost imperceptible sales increase and just about positive results before tax and exceptional items for the financial year ended on March 3, 2007, the British outdoor and action sports retailer indicates that it remains considerably under market pressure. In line with the warning it issued in ...
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Puma Slows Down
Puma had to adjust its sales and earnings forecast downwards, partly because the reduction of its business with Foot Locker in the USA turned out to be larger than expected. Although Puma’s total U.S. sales fell only slightly in the first quarter of 2007, U.S. orders at the end of ...
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Adidas Shows Progress With Reebok
Adidas assuaged the worst fears about the integration of Reebok International by confirming that the American company had ended the first quarter of this year with a small increase in its order backlog. Including Reebok CCM Hockey and other operations, the Reebok group’s sales declined for the three opening months ...
