Latest Headlines – Page 285
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Foot Locker may expand in France and Spain
Foot Locker continued its high momentum, generating sales and profits that topped analysts' expectations for the second quarter ended on Aug. 1. The leading international athletic shoe retailer reported net income of $119 million for the second quarter, representing a 29 percent increase versus the same period last year. The ...
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The German Cartel Office scolds Asics
As expected, Germany's Federal Cartel Office (FCO) has issued a negative verdict on Asics' sales policies, arguing that its refusal to deal with certain small and medium-sized internet retailers that have been using search engines and marketplaces such as Ebay and Amazon have restricted price competition online as well as ...
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Amer wants to grow by 6.5% a year
After building up its annual turnover from about €1.5 billion to €2.5 billion in the last five years, Amer Sports wants to raise it further to €3.5 billion in the next five years. The compound annual average growth rate would thus increase from 5 to 6.5 percent. The management wants ...
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Adidas makes new waves in American team sports
Anxious to improve its low market share in the U.S., Adidas has signed two important basketball sponsorship deals, focusing on individual players, after walking off from a previous marketing contract with the NBA, which is going to be in the hands of Nike from the 2015/16 playing season.The German brand ...
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Billabong turns around
Claiming that its turnaround strategy is working, Billabong International announced yesterday its return to net profits for the financial year ended June 30, the first time since 2011. The company posted a net profit of 4.2 million Australian dollars (€2.7m-$3.0m) as compared to a loss of A$233.7 million incurred in ...
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Performance Sports grows rapidly
The Performance Sports Group (PSG) saw revenues grow to a record $654.7 million in the fiscal year ended May 31, a jump of 47 percent in dollars and 51 percent in local currencies as compared to the previous fiscal year. The New Hampshire-based group, formerly called Bauer Hockey, said the ...
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Black Diamond grows by 7% currency-neutral
The Black Diamond group's sales grew by 7 percent in local currencies during the second quarter of 2015, but the strength of the dollar and the breadth of the company's international coverage caused it to report an increase in dollars of only 2 percent to $35.1 million for the period, ...
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Lower net revenues for Mammut
Citing a general weakening of growth in the outdoor market worldwide and the strength of the Swiss franc, Conzzeta has reported a 4.2 percent drop to 99.3 million Swiss francs (€91.5m-$101.6m) for its sporting goods segment during the first half of this year. The operating margin of the segment, which ...
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Johnson Outdoors reports higher sales and profits
Johnson Outdoors has reported slightly higher sales and vastly improved earnings for the third quarter ended July 3. The growth was primarily driven by strong market momentum around new products across its consumer-oriented fishing, camping and water recreation products, which offset declining sales of diving equipment and lower revenues from ...
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Yue Yuen grows by 7.4%, driven by retail
Total revenues grew by 7.4 percent to US$4,245 million at Yue Yuen Industrial Holdings in the first six months of this year, and they accelerated to a 7.6 percent pace in the second quarter. Operating earnings declined by 4.3 percent to $208.8 million in the six-month period across the group's ...
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Li-Ning narrows loss, posts double-digit sales growth
Li-Ning reported a 16.1 percent sales increase to 3.64 billion yuan renminbi (€497.4m-$567.6m) in the first half ended June 30. Growth was led by the flagship Li Ning brand, which posted a 17.0 sales increase to RMB3.13 billion (€427.6m-$488.0m) and accounted for 85.9 percent of the group's total revenues. Sales ...
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Higher sales and margins for 361°
Citing improved market conditions, 361 Degrees International reported a 22.3 percent increase in adjusted net income to 269.6 million yuan renmimbi (€36.8m-$42.0m), or a net profit margin of 12.2 percent on 5.7 percent higher sales of RMB2.2 billion (€300.4m-$342.8m) for the first half of 2015. The gross margin rose by ...
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One Way will attack major brands in China via 361°
With the 2022 Winter Olympics in Beijing in mind, the joint venture set up by 361° with One Way Sport of Finland two years ago is going to give a lot of visibility to the Finnish brand, which is already a sponsor of next year's Olympic Games in Rio de ...
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Sporting goods are seemingly unaffected by China’s crisis
The stock exchange of Shanghai closed marginally higher yesterday after losing more than one-third of its value for the second time since mid-June amid growing fears of a major drop in consumption. The Shanghai Composite Index is still 40 percent higher than 12 months ago, however, and reports from the ...
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Black Yak prepares for European relaunch
Black Yak, the Korean outdoor brand, has hired a seasoned executive to head up its European sales. Patrik Steinhilber joined Black Yak in Munich earlier this month, as the brand is finalizing a range for its European relaunch in the second half of next year.Steinhilber built up his career at ...
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Mizuno will become more expensive in Brazil
With the value of the dollar up by 29 percent against the Brazilian real compared to a year ago, Alpargatas has decided to raise prices for its licensed Mizuno collections in the second half of this year, coinciding with the delayed launch of the brand's new lines for the spring/summer ...
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Good growth for Rebel Sport, which may go outdoors
Before reporting good results for the 13 weeks ended July 26, Briscoe Group, the New Zealand-based parent company of Rebel Sport, announced a hostile bid for Kathmandu, a chain of 150 outdoor stores in New Zealand, Australia and the U.K. that wishes to internationalize further.Rebel Sport, which has more than ...
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Pelican weighs European partnerships and acquisitions
Pelican International is studying European expansion and the acquisition of complementary suppliers, as the appointment of a new president will enable the Canadian water sports equipment company to focus more strongly on strategic development. Marie-Christine Piedboeuf, currently vice-president of operations, is to become president from the beginning of September. She ...
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The EU bicycle industry grows on all fronts
Bicycle sales in the 28 member states of the European Union increased by 2.3 percent in 2014, with a total of 20,234,000 bicycles sold, including electric bicycles. Germany held the largest share with 20 percent of EU bike sales, followed by the U.K. with 18 percent, France with 15 percent ...
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Gore to explore more ecological water-repellent solutions
W.L. Gore & Associates has announced plans to invest more than $15 million in research over the next five years to explore alternative water-repellent treatments, often referred to as DWR. Gore's initiative is in response to the ongoing debate regarding the environmental threat represented by perfluorinated chemical compounds (PFCs), which ...
