Latest Headlines – Page 445
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For $1.75 million in cash Crocs has entered the surf...
For $1.75 million in cash Crocs has entered the surf and skate market through its acquisition of Ocean Minded, a producer of EVA and leather sandals for the beach and for action sports. The closed deal carries a potential earn-out of up to $3.75 million based on certain earnings targets ...
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Umbro is paying $16.5 million for another 15 percent stake...
Umbro is paying $16.5 million for another 15 percent stake in Win Hanversky Group, its licensee for China, Hong Kong and Taiwan. The deal is expected to close within the next 14 days. Combined with a 25 percent equity purchase in October of 2005, Umbro will hold a 40 percent ...
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Oakley’s net income dropped by about 20 percent to $7,668,000...
Oakley’s net income dropped by about 20 percent to $7,668,000 in the 4th quarter, ended Dec. 31, despite an increase in sales of 21 percent to $196.4 million. The results were mirrored in the company’s full year, where profits fell by 25 percent to $44,788,000 on a rise in sales ...
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In the nine months ended Dec. 31, ASICS’ net income...
In the nine months ended Dec. 31, ASICS’ net income rose to 12.17 billion yen (€77.0m-$100.1m), as compared to ¥10.97 billion in the year-ago period. Operating income grew by 24 percent to ¥16.67 billion (€105.5m-$137.2m), on revenues that increased by 16 percent to ¥142.21 billion (€900.1m-$1,170.0m). In other news, ASICS ...
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Daiwa Seiko’s net earnings increased by 5 percent to 1.79...
Daiwa Seiko’s net earnings increased by 5 percent to 1.79 billion yen (€11.3m-$14.7m) in the nine months ended Dec. 31. The Japanese company’s operating profit slid by 2 percent to ¥3.49 billion (€22.0m-$28.7m). Sales grew by 13 percent to ¥44.72 billion (€283.0m-$367.9m). Daiwa’s forecast for its full year calls for ...
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Merrell’s global sales grew by 18 percent in 2006, as...
Merrell’s global sales grew by 18 percent in 2006, as compared to our estimate of $307 million for 2005, representing nearly one-third of the total turnover of Wolverine World Wide. However, while the brand is now available in over 100 countries, WWW’s management says the brand is still “underrepresented” in ...
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During the 4th quarter ended Dec. 31, Timberland’s net income...
During the 4th quarter ended Dec. 31, Timberland’s net income fell to $38.3 million, as compared to $46.9 million in the year-ago period. Operating profit dropped by 17.8 percent to $57.5 million, and was down by 12 percent to $60.6 million excluding restructuring costs. Sales outside of the USA climbed ...
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Brunswick Corp. is forecasting mid-single digit growth in its fitness...
Brunswick Corp. is forecasting mid-single digit growth in its fitness and bowling segments this year, but operating margins are forecast to fall by at least 100 basis points, partly because of inflationary pressures on raw materials and higher effective tax rates. Sales across Brunswick’s various sporting divisions had mixed results ...
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Johnson Outdoors made a net loss of $2.112 million against...
Johnson Outdoors made a net loss of $2.112 million against a loss of $1.094 million in its 1st quarter, which ended last Dec. 31. Total sales slid by 1 percent to $71.701 million, mainly due to a drop of 4 percent in sales of watercraft to $11.741 million, which caused ...
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Fortune Brands’ golf segment lowered its operating loss to $4.8...
Fortune Brands’ golf segment lowered its operating loss to $4.8 million for the 4th quarter of 2006 from a loss of $6.4 million for the same period in 2005. Sales revenues in the golf segment, which includes Titleist, Cobra and FootJoy, increased by 8 percent to $217.6 million. For the ...
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The bankruptcy court in Massachusetts that is handling the auction...
The bankruptcy court in Massachusetts that is handling the auction of Malden Mills has set Feb. 20 as the date for a decision on its future ownership. It will accept bids from Feb. 15, but they must be higher than the $44 million offered by the newest “stalking horse, “ ...
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Sonny Vaccaro, widely considered to have been one of the...
Sonny Vaccaro, widely considered to have been one of the most influential people in basketball over the past 40 years, is retiring from the shoe industry and from the organization of summer basketball events. He ended his affiliation with Reebok as its senior director of grassroots basketball in mid-January. Vaccaro, ...
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The Rockport Company is incorporating Torsion, the lightweight arch support...
The Rockport Company is incorporating Torsion, the lightweight arch support system that was first launched by Adidas in 1989, into 25-30 of its Rockport styles for Fall 2007. The retail collection will be delivered to specialty retailers and premium independents in September. Adidas has already sold 50 million pairs of ...
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Bonnier AB, a Swedish-based media conglomerate with a strong position...
Bonnier AB, a Swedish-based media conglomerate with a strong position in the Nordic countries, is expanding in the USA through the takeover of Time4 Media and The Parenting Group, two properties of Time Inc. that publish 18 titles including Field & Stream, Skiing, SKI and TransWorld in the USA. They ...
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Sportitaly, the new Italian sporting goods show being held in...
Sportitaly, the new Italian sporting goods show being held in Bolzano next Feb. 18-20, will accommodate a total of 150 companies representing almost 250 brands, occupying the whole rented gross surface of 13,000 square meters, or 5,500 sqm. net. Of those, 47 percent offer mostly clothing, 42 percent hardware and ...
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A total of 50 awards were given out at the...
A total of 50 awards were given out at the last ISPO, but we are not going to list all of them. The winners of the Global Sportstyle Award at ISPO, presented by Volvo at the GQ Style Night, were Willy Bogner for the “Brand of the Century,” Kaspar Frauenschuh ...
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Sport Communication Group, the joint venture between Messe München and...
Sport Communication Group, the joint venture between Messe München and Staraya Krepost in Moscow that organizes ISPO Russia, has bought the Jeans Expo show that has been held simultaneously in the same fairgrounds, hosting some 120 exhibitors. The plan is to create synergies between the two shows, taking advantage of ...
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Denmark’S Sport-master Goes For A Sale, Too, Joining Intersport Danmark
Only a few weeks after Intersport Danmark’s announcement that it was going for a possible change of ownership (see SGI Europe #17-41 of Dec. 21), Sport Danmark, a voluntary group of about the same size that trades under the Sport-Master banner, said that its board of directors had decided to ...
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Shareholdings Are Changing Or About To Change In Sports World And Jjb Sports
New share transactions are brewing in British sports retailing. According to the Financial Times, Mike Ashley is making strong progress with his plan to go public with Sports World, the UK’s largest sports retailer and owner of numerous brands from Dunlop to Karrimor, mooting a flotation on the London Stock ...
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Restructured United Brands Tests Out A Multi-brand Boardsports Concept
Marc Piessens, chief executive of United Brands, has regained nearly full control of this Belgian sports retail company by buying back a 15 percent stake that he had sold to Beluga, a private equity fund. Piessens had leaned on these investors a few years ago to help finance an aggressive ...
