News Briefs – Page 449
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News briefs
The surfing division of the Lafuma group, which is essentially...
The surfing division of the Lafuma group, which is essentially represented by Oxbow, raised its turnover by 6.0 percent to €26.8 million last year, while its operating profit moved up by 14.2 percent to €5.8 million. The French company described this as a significantly positive performance, with a return to ...
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Sumitomo Rubber Industries reported an operating profit of 4.4 billion...
Sumitomo Rubber Industries reported an operating profit of 4.4 billion yen (€33.4m-$41.4m) in 2017 for its sports segment, which includes the distribution of Babolat in Japan plus the global operations of Dunlop, Srixon, Cleveland Golf and XXIO. The segment's sales rose by 12 percent last year to ¥81.7 million (€0.62m-$0.77m), ...
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A positive swing in foreign exchange rates and other extraordinary...
A positive swing in foreign exchange rates and other extraordinary items allowed Yonex to double to 1,282 million yen (€9.7m-$12.1m) its comprehensive net income for the first nine months of its financial year, ended on Dec. 31. Sales inched up by 2 percent to ¥46.2 billion (€350.4m-$434.4m) but the gross margin fell ...
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Globeride reported a big increase in comprehensive net income to...
Globeride reported a big increase in comprehensive net income to 3,576 million yen (€27.1m-$33.6m) for the first nine months of its financial year as compared to ¥587 million in the year ago period, as lower foreign exchange losses and the settlement of a patent issue led to an increase of ¥2.5 ...
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News briefs
Descente's sales grew by 6.5 percent in the third quarter...
Descente's sales grew by 6.5 percent in the third quarter ended Dec. 31, reaching 98.9 billion yen (€750.4m-$930.2m), but its operating margin declined by 0.4 percentage points to 5.6 percent and net earnings fell by 8.3 percent to ¥3,830 million (€29.1m-$36.0m). Lifted by the Descente brand, which represented 42.6 percent ...
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News briefs
Sequential Brands, which owns and licenses And1, Heelys, Revo and...
Sequential Brands, which owns and licenses And1, Heelys, Revo and many other brands, reported an 8 percent increase in last year's revenues to $167.5 million, mostly from licensing, adding that And1 and its other action brands performed well. Adjusted Ebitda increased by 18 percent to $98.0 million, but the company ...
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News briefs
China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
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News briefs
Jeff Bezos, founder and chief executive of Amazon, has overtaken...
Jeff Bezos, founder and chief executive of Amazon, has overtaken Bill Gates as the wealthiest individual in the world, according to Forbes, with a personal net worth of $127 billion. He is also the first one to have reached a personal wealth of more than $100 billion. Bezos, 54, owns ...
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News briefs
Confirming the rulings of lower courts, Europe's General Court in...
Confirming the rulings of lower courts, Europe's General Court in Luxemburg has backed Adidas' opposition to an attempt by another company, Shoe Branding Europe, to register a two-stripe trademark in Belgium. Adidas had no comment. The legal dispute started in 2009 when Shoe Branding filed its first application for the ...
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News briefs
Nike has won a case in the 9th U.S. Circuit...
Nike has won a case in the 9th U.S. Circuit Court of Appeals, which found that the Jordan logo did not violate the copyrights of a photographer, Jacobus Rentmeester. The court admitted, however, that Nike's Jumpman logo was obviously inspired by his photo. Rentmeester had already lost in a federal ...
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News briefs
The World Federation of the Sporting Goods Industry (WFSGI) has...
The World Federation of the Sporting Goods Industry (WFSGI) has developed the WFSGI Compliance Labelling Requirements (CLR) Database, an online tool providing worldwide information on labeling requirements for the sporting goods industry. The database is to help companies face the everyday challenge of unclear labeling information, and therefore to avoid ...
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News briefs
Myanmar has increased by 33 percent the minimum wage for...
Myanmar has increased by 33 percent the minimum wage for workers in the garment industry, which will be of MMK 4,800 (€2.9-$3.6) per day, or MMK 600 (€0.36-$0.44) per hour. The current basic daily salary is MMK 3,600 (€2.7-$3.3), a rate which was established in September 2012. The raise will ...
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News briefs
Nike is launching a new women's sneaker platform and retail...
Nike is launching a new women's sneaker platform and retail concept called Nike Unlaced. The platform will offer female consumers customized styling services and VIP member experiences, such as same-day delivery or the opportunity to organize one-on-one appointments with guest stylists, among others. The new digital destination is part of ...
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Adidas has launched a new global campaign under the tagline...
Adidas has launched a new global campaign under the tagline “See Creativity,” as part of a broader marketing program that started in December under the title “Here to Create.” A video shows female athletes who show their creativity by being daring and confident in their different sports activities.
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News briefs
New Balance will act this year as the technical sponsor...
New Balance will act this year as the technical sponsor of the Deejay Ten, a well-known fun race that involved nearly 80,000 runners in four Italian cities last year. Covering distances of five and ten kilometers, the fun run was launched in 2005 by Pasquale Di Molfetta, alias Linus, who ...
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Lotto has announced “Life's for living” as the tagline for...
Lotto has announced “Life's for living” as the tagline for its spring/summer 2018 campaign. Lotto's Life's collection is a range of footwear and apparel dedicated to being active both in sporting activities and elsewhere. The multi-channel advertising campaign will be featured across multiple digital media, including the launch of a ...
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News briefs
Dakine has announced the launch of a new brand campaign,...
Dakine has announced the launch of a new brand campaign, entitled Fear the Known. The campaign is meant to encourage consumers to break free from their daily routine and seek new adventure, across different sports. The new brand motto will be carried across categories and seasons, the company said.
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News briefs
Gore-Tex has enlisted a Norwegian singer and composer, Sigrid, as...
Gore-Tex has enlisted a Norwegian singer and composer, Sigrid, as its new brand ambassador. It says it selected her to appeal to a younger and more urban consumer target. The 21-year-old artist, who won this year's BBC Sound Award, recently participated in the launch of the Gore-Tex Infinium range of ...
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News briefs
Sport 2000 Germany has created two additional house fairs, called...
Sport 2000 Germany has created two additional house fairs, called Top 5, where its retail members can order between 50 and 70 percent of the merchandise from the five major suppliers – Adidas/Reebok, Nike, Puma, Asics and Under Armour – which all require early commitments from retailers. It will take ...
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News briefs
The Italian sporting goods industry association, Assosport, organized a few...
The Italian sporting goods industry association, Assosport, organized a few days ago an event in Treviso involving 12 Italian producers of bicycles and related products and 32 foreign buyers selected and invited by Ice, the Italian export promotion agency. The buyers came from Switzerland, Spain, the Netherlands, the U.K., Poland, ...
