News briefs – Page 39
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News briefs
The latest trade statistics from China indicate a reversal in...
The latest trade statistics from China indicate a reversal in the shrinkage of the country's trade surplus. After three years of decline, the surplus apparently went up by more than 50 percent to the equivalent of $231 billion in 2012, thanks in particular to a strong rebound of the export flow ...
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News briefs
India's cotton industry will see a drop in exports in...
India's cotton industry will see a drop in exports in the current year, according to figures from the U.S. Department of Agriculture as well as the Cotton Association of India. The U.S. agency foresees a 60 percent decline to 5.7 million bales of cotton. While a drop, that is still ...
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News briefs
Mike Ashley and Stephen Rubin are the only two Europeans...
Mike Ashley and Stephen Rubin are the only two Europeans on SGI's global list of the top 10 tycoons in sporting goods. The majority shareholder of Sports Direct International ranks fifth, with an estimated worth of $2.5 billion. Two slots further down is Rubin of the Pentland Group, with $1.6 ...
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News briefs
Herbert Hainer, chief executive of the Adidas Group, said in...
Herbert Hainer, chief executive of the Adidas Group, said in an interview with Süddeutsche Zeitung in the last week of 2012 that the company would reach sales of more than €14.5 billion for the year. This would represent an increase of more than 9 percent compared with 2011. The company ...
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News briefs
Head boasts that its U.S. racquet sports business, Head Racquet...
Head boasts that its U.S. racquet sports business, Head Racquet Sports USA, achieved its best-ever results last year. The company said that the Head and Penn brands both managed double-digit sales hikes, even though they already had a strong share in the U.S. market at the start of 2012. Head ...
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News briefs
Rip Curl reports a slightly improved operating profit on a...
Rip Curl reports a slightly improved operating profit on a 15 percent increase in its global sales to more than 400 million Australian dollars (€320m-US$258m) for the financial year ended last June 30. A big drop in Europe was compensated by sales growth in other parts of the world. Notably, double-digit ...
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News briefs
The share of skiers who wore helmets in Switzerland during...
The share of skiers who wore helmets in Switzerland during the winter 2011/12 winter season increased to 84 percent, up from 81 percent in the previous season. It reached the same ratio already achieved among snowboarders. The ratio went up to 94 percent among children, but it also grew among ...
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News briefs
After five months of excellent growth in the Swedish sporting...
After five months of excellent growth in the Swedish sporting goods industry, sales slowed somewhat in October. Though positive, sales growth was only 2.1 percent in October when compared with the same month last year, according to Sweden's HUI Research. The accumulated sales growth for 2012 through October was 7.5 ...
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News briefs
Sonae Group, the Portuguese retail conglomerate over the Sport Zone...
Sonae Group, the Portuguese retail conglomerate over the Sport Zone chain, reported an improved adjusted Ebitda margin of 11.1 percent for the first nine months of this year, but the net profit attributable to shareholders declined by 24 percent to €64 million. Operating results improved in the third quarter thanks ...
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News briefs
Herbert Hainer, chief executive of the Adidas Group, said in...
Herbert Hainer, chief executive of the Adidas Group, said in an interview with Welt am Sonntag that the company would surpass sales of €1 billion in Russia and the former CIS countries this year. This means that the group is one year ahead of targets that called for this level ...
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News briefs
Accell Group, the Dutch company that owns a dollop of...
Accell Group, the Dutch company that owns a dollop of bicycle and fitness brands, said that the pleasant weather this summer enabled it to increase its turnover in the third quarter. The rise was also aided by the acquisition of the Raleigh Cycle Group and its Diamondback brand in April, ...
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News briefs
The New Wave Group's sports and leisure unit saw its...
The New Wave Group's sports and leisure unit saw its sales decline by 13 percent, excluding acquisitions, during the third quarter ended Sept. 30, but the group's management indicated that it is “developing well” in spite of the poor economic climate. The unit comprises Craft and Cutter&Buck, along with smaller ...
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News briefs
Descente reported that sales for the fiscal second quarter ended...
Descente reported that sales for the fiscal second quarter ended Sept. 30 were up by 11.3 percent to 26.1 billion yen (€245.2m-$317.3m), compared with the year-ago period. The gross margin achieved by the Japanese apparel company improved by 0.6 percentage points to 51.0 percent of sales for the quarter, against ...
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News briefs
Net income fell by 30 percent at Yonex to 220...
Net income fell by 30 percent at Yonex to 220 million yen (€2.1m-$2.7m) in the second quarter ended Sept. 30. Operating income was down by 48 percent to ¥434 million (€4.1m-$5.3m) on 2 percent lower revenues of ¥19.6 billion (€184.2m-$238.3m). The Japanese badminton specialist is forecasting revenues of ¥38.3 billion ...
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News briefs
Sales of sporting goods in Switzerland declined by 3 percent...
Sales of sporting goods in Switzerland declined by 3 percent in the third quarter, and Swiss retailers are predicting an overall sales decline of 2 percent for the full year, according to a survey conducted by Schweizer Sport & Mode. The results remain extremely diversified, with some stores performing satisfactorily ...
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News briefs
The proportion of French people practicing at least one physical...
The proportion of French people practicing at least one physical or sports activities has risen to 87 percent of the total population from 84 percent ten years ago, according to a major survey conducted by the French sporting goods retailers' federation, FPS, through Ipsos. Among the various sports activities, running, ...
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News briefs
Intersport Finland booked an increase in revenues of 8.9 percent...
Intersport Finland booked an increase in revenues of 8.9 percent to €46 million for the third quarter ended Sept. 30. Its parent company, Kesko, said that its newly acquired Intersport Russia operation had a poor level of profitability on revenues of €6 million during the same period. While Finnish Intersport ...
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News briefs
Galeria Kaufhof reported sales of €2.1 billion for the first...
Galeria Kaufhof reported sales of €2.1 billion for the first nine months ended Sept 30, up slightly by 0.1 percent from the year-earlier period. In the third quarter alone, the revenues of the German department store chain, which also runs 13 Sportarena stores and a fistful of specialty outdoor shops, ...
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News briefs
K-Swiss reported a big 16 percent drop in revenues to...
K-Swiss reported a big 16 percent drop in revenues to $67.7 million for the third quarter, as compared to one year ago, as a 4 percent increase in the lifestyle segment was offset by a 47 percent drop in the performance sector. However, forward orders were down by only 8.6 ...
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News briefs
Under Armour raised its total revenues by 23.6 percent to...
Under Armour raised its total revenues by 23.6 percent to $575.2 million in the third quarter. Its revenues outside the U.S. declined by 2.3 percent and remained relatively marginal at $32.1 million, but they grew by 18 percent including the sale of shoes to the company's Japanese licensee, Dome. Licensing ...
