Latest Headlines – Page 292
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Weak golf sales reduce Mizuno’s expansion
An ample increase in European sales helped Mizuno to overcome the sluggishness of the golf market in its full fiscal year up to the end of March. The Japanese group raised its European turnover by 11.3 percent to 16,053 million yen (€117.5m-$134.5m), amounting to an increase of 3.8 percent in ...
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Descente forms joint venture in Korea
The big Japanese group has formed a joint venture with its long-time distributor and licensee in South Korea, which goes by the name of Descente Korea, taking a 60 percent stake in the operation. The Descente brand has a good position in the market with nearly 200 shops.The company has ...
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The Wintersteiger Group goes for stronger synergies
The Austrian-based group saw its consolidated sales decline by 4.3 percent to €135.8 million in 2014, due to factors including a major order that had lifted the revenues of a new German sheet metalworking subsidiary in 2013. Sales outside Austria represented 88.3 percent of Wintersteiger's turnover.All the five business units ...
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Mitre continues to protect labor standards
Mitre Sports International has lost a defamation lawsuit against HBO in which the sports ball company, owned by the Pentland Group, accused the American broadcaster of unfairly targeting Mitre in a documentary aired in 2008 about child labor in the manufacturing of soccer balls in India. After a trial that ...
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Adidas is urged to speak out over Qatar
Campaigners are stepping up pressure on the sponsors of Fifa, the global football organization, to speak out about the conditions faced by migrant workers on World Cup infrastructure construction sites in Qatar, where the football World Cup is to be held in 2022.The latest campaign was launched at a press conference ...
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Fitbit files to go public
Fitbit, the American company specialized in fitness trackers, has filed for an initial public offering that could raise $100 million. It has become one of the leading protagonists in the market for wearable technologies, with a share estimated by NPD Group at about 68 percent in the U.S market for ...
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Skullcandy grows faster than expected
The American producer of sports headphones has upgraded its sales forecast to a growth rate of 13 to 15 percent for the year, compared with the previously projected 12-14 percent increase, after booking an 18 percent sales increase to $46.2 million. In terms of local currencies sales rose by 21 ...
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Crocs reports lower results, but Europe is up
Crocs reported a decline in sales of 16.1 percent to $262.2 million for the first quarter, but they fell by only 6 percent in local currencies, and Europe outperformed the rest of the world. Wholesale revenues grew in Europe by 18.1 percent on a currency-neutral basis, but they were off ...
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Moncler posts 38% sales growth
Moncler saw revenues jump by 38 percent, or 30 percent at constant currencies, to reach €201.0 million in the first quarter as compared to the first quarter a year ago. The Italian brand of luxury ski and outerwear said that sales growth was significant in all its geographic markets. The ...
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Rebound in retail sales for Peak Performance
Robust retail sales enabled Peak Performance to deliver a sales increase of 2.5 percent to 284.6 million Danish kronor (€38.1m-$43.2m) in the quarter until the end of March, amounting to an increase of 3.6 percent in constant currencies.The Swedish ski, outdoor, golf and fashion brand's retail sales soared by nearly ...
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Stronger results at Rapala
Sales increased by 12 percent to €73.9 million in the first quarter at Rapala VMC, and they were up by 8 percent in constant currencies. The operating profit grew by 23 percent to a level of 12.3 percent of sales. Excluding non-recurring items, it jumped by 60 percent in the ...
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Dorel Sports’ performance is affected by strong U.S. dollar
Dorel Sports saw revenues decrease by 4.8 percent to $228.9 million in the first quarter as compared to the first quarter of 2014, but revenues grew by around 3 percent after removing the impact of foreign exchange rates. Price increases were implemented in certain markets to mitigate the currency issues. ...
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Black Diamond improves on all fronts
The Black Diamond Inc. group's sales inflated by 13 percent to $50.3 million in the first quarter of 2015, and they were up by 18 percent in local currencies. In dollars, revenues increased by 22 percent in the U.S. to $20.9 million, and by 8 percent in the rest of ...
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Johnson weighs new diving strategy
Outdoor equipment was the only segment of Johnson Outdoors that reported increased profits in the second quarter ended April 3. Its operating earnings jumped by 87 percent to $1,070,000 as compared to the same period a year ago on 11 percent higher sales of $12.16 million. Jetboil, which has high ...
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Bushnell inflates Vista’s sales
Vista Outdoor, the owner of the Bushnell, Bollé and Cébé brands, saw its sales increase by 11 percent to $2.08 billion for the full year until the end of March, but this amounted to a pro forma organic sales decline of 9 percent compared with $2.28 billion for the previous ...
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Spy improves results
The American company reported a 0.7 percent drop in revenues to $9,131,000 for the first quarter, with lower sales of sunglasses partially offset by higher sales of snow goggles and prescription frames. The management blamed the ongoing contraction of the action sports retail sector and added that the business would ...
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Alpargatas performs better abroad than in the Brazilian market
Revenues and profits from sporting goods decreased sharply in the first quarter of 2015 at Alpargatas, the Brazilian licensee of Mizuno and Timberland and the owner of Topper and Rainha. The main reasons were an apparent decline in Brazilian consumption of the most expensive sports shoes and an increase of ...
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Vulcabras continues to improve
The parent company of Olympikus, which is about stop marketing Reebok in Brazil and other Latin American countries, reported a positive operating profit for the second quarter in a row. Vulcabras reached Ebitda of R$ 17.6 million (€5.1m-$5.8m) in the three months ended March 31, compared with a loss of ...
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The industry responds to the Nepal earthquakes
Many sports and outdoor companies have committed donations to the relief efforts organized by several organizations for the survivors of the devastating earthquakes that struck Nepal on Apr. 25 and May 13, causing more than 8,000 deaths and depriving the remaining population of houses, food and water. We have already ...
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Roland Garros Museum celebrates sustainability and fashion in sports goods
Patrick Kanner, the French Minister of Urban Affairs, Youth and Sport, inaugurated two themed exhibitions at the Museum of the French Tennis Federation, located inside the legendary Roland Garros stadium near Paris, on May 12. “Secondes Vies: Métamorphoses du Matériel Sportif” (Second Lives: Metamorphosis of sports equipment) showcases the recycling ...
