News Briefs – Page 625
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News briefs
Metro made a consolidated net profit of €127 million in...
Metro made a consolidated net profit of €127 million in the financial year ended last Sept. 30, against a loss of €35 million in the previous year, although changes in foreign currencies reduced its profits by €82 million. Total revenues declined by 4 percent to €63 billion, but were up ...
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Groupe Rossignol reportedly made an operating profit margin before amortization...
Groupe Rossignol reportedly made an operating profit margin before amortization (Ebitda) of 7 percent in the past financial year on 8 percent higher sales of €223 million. It made also a unspecified net profit. Its sales if apparel grew vt 35 pecent to around €20 million. As previously reported, Rossignol ...
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Callaway Golf has raised its guidance for this year's earnings,...
Callaway Golf has raised its guidance for this year's earnings, predicting pre-tax income of between $19 million and $21 million, but repeats that sales will rise by 6 percent to about $890 million, indicating gains in market share. On the other hand, the company, which generates half of its turnover ...
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News briefs
Asics is revising its system of selective distribution in the...
Asics is revising its system of selective distribution in the European Zone and Switzerland in the course of next year, in response to criticism from the German Cartel Office. It has developed a new set of criteria for authorizing online and offline retailers, defining the type of merchandise that they ...
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News briefs
Nike has filed a 50-page complaint in a court in...
Nike has filed a 50-page complaint in a court in Oregon, seeking $10 million in damages from three designers - Denis Dekovic, Marc Dolce and Mark Miner - on eight charges including breach of contract, misappropriation of trade secrets and civil conspiracy. They have all been hired by Adidas to ...
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News briefs
New Balance Athletic Shoe has sued Converse in a U.S....
New Balance Athletic Shoe has sued Converse in a U.S. federal court, stating that it wanted to protect itself against overly broad and aggressive trademark claims made by Converse with the International Trade Commission. New Balance said it wants to get a declaration of non-infringement concerning claims that could potentially ...
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News briefs
Entities related with the German fashion designer Karl Lagerfeld and...
Entities related with the German fashion designer Karl Lagerfeld and Net-A-Porter have agreed to cease sales of a Lagerfeld branded casual footwear line following a settlement with New Balance Athletic Shoe. A statement says they acknowledge the trademark and trade dress rights that New Balance claims to have on their design. ...
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News briefs
Alibaba says it spent one billion renmimbi (€131.9m-$160.8m) in the...
Alibaba says it spent one billion renmimbi (€131.9m-$160.8m) in the 12 months ended on Nov. 30 to combat the sale of counterfeited goods online, engaging a task force of more than 2,000 people that will be expanded by a further 200 in the next year. Some 5,400 volunteers have also ...
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News briefs
After intense lobbying by the Federation of the European Sporting...
After intense lobbying by the Federation of the European Sporting Goods Industry (Fesi), the European Parliament has set up a formal “Intergroup” on sport, taking the place of an informal group that has been operating for several years. It is one of 28 Intergroups that will carry out the debate ...
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News briefs
The Federation of the European Sporting Goods Industry, Fesi, expressed...
The Federation of the European Sporting Goods Industry, Fesi, expressed satisfaction at the European Parliament's approval of a proposal by the European Commission to grant GSP+ status to the Philippines from Dec. 25. This will lead to the elimination of import duties on some 6,274 products, giving European companies new ...
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News briefs
The European Cyclists Federation (Ecf) and the cycling industry presented...
The European Cyclists Federation (Ecf) and the cycling industry presented in early December a new initiative called “A Cycling Investment Plan for Europe,” as a direct response to the European Commission's plan designed to boost growth and jobs on the continent, called “An Investment Plan for Europe.” According to Ecf, ...
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News briefs
Adidas and New Balance have joined the Consumer Electronics Association...
Adidas and New Balance have joined the Consumer Electronics Association (Cea), the trade organization for the consumer electronics industry in the U.S. The two sports firms are among the companies who have recently joined Cea as connectivity quickly expands into the fitness, smart watch and wearables categories. Smart watches and ...
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News briefs
Sport Scheck, Transa, Sport 2000 and STMI are the first...
Sport Scheck, Transa, Sport 2000 and STMI are the first retailers who have been admitted as members of the European Outdoor Group's (EOG). STMI is the international buying group representing Go Sport, Hervis Sport, SportXX, Forum Sport, Twinner Iberica and Twinner France. On the wholesale side, the Czech sporting goods ...
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News briefs
The executive committee of Fifa has decided to publish a...
The executive committee of Fifa has decided to publish a redacted version of Michael Garcia's investigative report into alleged corruption in the bidding process for the World Cup. The decision was taken a few days after Garcia resigned from his mission, citing a lack of transparency at Fifa. The release ...
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News briefs
Nike has relaunched and rebranded its technical outdoor line, Nike...
Nike has relaunched and rebranded its technical outdoor line, Nike ACG, with a stronger positioning in the urban outdoor market. “Spanning outerwear, footwear and portable storage, the collection is designed to meet the demands for mobility and weather protection in any urban setting,” said Nike about the new NikeLab ACG ...
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News briefs
Reebok has announced a new partnership with Kendrick Lamar. The...
Reebok has announced a new partnership with Kendrick Lamar. The Grammy-nominated rapper is designing a collection of sneakers for the brand. Additionally, he is helping Reebok develop programs to keep children off the streets. To celebrate the partnership, Lamar has penned a song entitled “I Am” and shot a video ...
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News briefs
Roxy has announced the global launch of a line of...
Roxy has announced the global launch of a line of 40 items, including jackets and scarves, in cooperation with Biotherm that uses microcapsulated hydrating ingredients embedded in the fabrics to protect the wearer's skin from the cold. Called Enjoy & Care, it will be available in the stores from September ...
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News briefs
Poc, the Swedish maker of protective gravity sports gear, and...
Poc, the Swedish maker of protective gravity sports gear, and Volvo Cars will present a new safety technology from Ericsson to help avoid collisions between cars and cyclists at the International Ces (Consumer Electronics Show), which will take place in Las Vegas on Jan. 6-9. The new technology determines when ...
