Latest Headlines – Page 256
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E-bikes help Accell post higher sales
Sales improved for Accell Group in the third quarter, largely due to higher sales of electric bikes. However, the company did not release any exact figures for this quarter, but only provided a trading update. It said that higher discounts to reduce seasonal inventories of regular bikes put downward pressure ...
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Dorel Sports’ sales drop as IBDs postpone orders
Dorel Sports saw third-quarter sales decrease by 5.9 percent over the year-ago quarter to $250.7 million, or by or 6.2 percent in currency-neutral terms. Organic revenues - which excludes the impact of changes in exchange rates and a change in accounting for overseas revenues - declined by 10.7 percent.The Canadian ...
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China and U.S. weigh on Giant’s sales
Giant Manufacturing Company posted weak financial results for the first nine months of 2016, weighed down by a poor performance in the U.S. and China. The Taiwan-based bicycle maker saw its total revenues drop by 6.5 percent over the year-ago period; down to 44.23 billion Taiwan dollars (€1,3bn-$1.4bn). In addition, ...
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Halfords posts higher cycling revenues
Halfords Group saw its cycling retail sales increase by 4.6 percent on a same-store basis in the first half of its financial year to Sept. 30. The group's total cycling revenues were up by 15.4 percent. Cycling sales were boosted by the launch of Cycle Republic and the acquisition in ...
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Better margins for Yue Yuen on flat sales
The world's largest shoe manufacturer reported a meager 0.3 percent increase in total revenues to $6.29 billion for the nine months to Sept. 30, with a drop of 10.6 percent in sales of casual and outdoor shoes offset by increases of 2.2 percent in athletic footwear and 5.9 percent in ...
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Earlier dates and more events for OR
The organizers of the winter and summer editions of the Outdoor Retailer trade show in the U.S. have announced that they will be moving their dates forward by about six weeks from 2018 onward - in June for the Summer Market and in November for the Winter Market.It's a major ...
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New academic program in France
The Inseec Group, one of the major French business schools with nine campuses in France and abroad, has launched Inseec Sport, with the objective of attracting 350 students in the first year, rising to 1,000 after three years. The project calls for the opening of 20 programs at the various ...
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Fesi wants more market intelligence
Fesi, the Federation of the European Sporting Goods Industry, approved the re-election of Luca Businaro as its new president for the next three years at its latest general assembly, which took place in Rome on Nov. 17-18. The Italian executive, who has already held the post since 2011, laid out ...
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Sports shoe companies want duties back
Officials of Fesi, the European federation of the sporting goods industry, tell us that they plan to continue the fight to obtain reimbursement of the anti-dumping duties that they had to pay on imports of a certain types of leather shoes that they had imported from China into the European ...
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Digitalization and robotics to drive transformation of production
Some of the latest advances in robotics appear almost like science fiction, and yet they have started to impact many aspects of sporting goods production – from the digitalization and connectivity of footwear and apparel to the management of human resources in factories and the geography of manufacturing. This was the main ...
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Gore opens two new testing labs
W. L. Gore & Associates has opened a new state-of-the-art Biophysics and a Heat and Flame Protection laboratory in Elkton, Maryland. The new facilities are supposed to allow Gore engineers to very quickly assess the performance of component materials while developing new understanding and technologies.The Biophysics lab helps predict the ...
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Adidas posts a strong Q3, driven by sneakers
The Adidas Group reported a strong lift in third-quarter sales, which rose 17 percent on a currency-neutral basis, and the new management confirmed that it is on track to meet targets for a record year. In reported euros, group sales went up by 14 percent to €5,413 million.Adidas brand sales ...
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Adidas’ new CEO launches Reebok’s overhaul
In his first public speech after taking the helm of the company on Oct. 1, Adidas' new chief executive, Kasper Rorsted, took the opportunity of the group's strong third-quarter results to give an insight into his plans for the group.While confirming the planned divestiture of TaylorMade, Adams and Ashworth, for ...
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Reebok unveils Liquid Factory
In yet another example of the rapid changes in sports-footwear manufacturing, Reebok has unveiled what it described as its Liquid Factory, producing a three-dimensional plastic web that wraps around the bottom of a shoe. The production is robotized and does not require the molds that form a substantial part of ...
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Puma makes another leap forward
Puma enjoyed yet another double-digit increase in its sales in terms of constant currencies during the third quarter. Reporting on the quarterly highlights ahead of the release of its results next Thursday, Puma's parent company, Kering, said its sales grew by 8.3 percent to €994.1 million during the period, with ...
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Under Armour invests to get big fast
Under Armour turned in yet another sharp increase in turnover for the third quarter, fueled by surging international and footwear sales, but the group's chief executive, Kevin Plank, explained that the company was over-investing in several aspects of its expansion to gain market share and move toward annual sales of ...
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Acushnet goes public
The parent company of Titleist and FootJoy went public on the New York Stock Exchange on Oct. 28, trading as GOLF. The initial public offering was priced at $17 a share, way below a target price of $21 to $24, reflecting investors' concern about the golf market following Nike's exit ...
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Callaway banks on Nike’s golf exit
While reporting higher sales in its seasonally small third quarter, Callaway Golf announced the recruitment of Hideyuki “Rock” Ishee, the departing senior director of golf ball innovation at Nike, as the company's new senior director of advanced golf ball research. Earlier, Callaway had placed Sean Toulon in charge of its ...
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Bauer’s parent goes bankrupt
Unable to file audited income statements for the last few quarters before the Oct. 28 deadline set by regulatory authorities, the Performance Sports Group (PSG) filed for bankruptcy protection from its creditors in the U.S. and Canada, but the filing looks like a pre-packaged bankruptcy.A stalking horse takeover bid of ...
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The EU invests in sports
The European Commission has created an expert group of 15 people from various countries to discuss opportunities for the development of grassroots sports. It is chaired by Sir Graham Watson, president of another association, Europe Active, which focuses on fitness activities.The Commission has also asked all the member governments to ...
