Latest Headlines – Page 298
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Electric bikes drive Accell’s expansion
Electric bikes again fueled sales growth last year at Accell Group, the Dutch bicycle company with brands from Batavus to Sparta, Raleigh and many more. Favorable weather conditions supported the group's performance, which was driven by its Dutch and German brands.Accell lifted its sales by 4 percent to €882.4 million, ...
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Turnaround underway at Billabong Europe
Billabong International saw the underlying sales of its continuing business decline slightly in all of its regional markets for the six months until the end of December but the end result was still much improved due to divestments and significant one-off charges last year.Billabong embarked on a turnaround strategy in ...
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More reforms and online investments at Billabong
Neil Fiske, chief executive of Billabong International, was encouraged that the group has returned to profit for the first time in three years, but he added that there were still significant operational reforms to be undertaken and he has started to implement a more varied distribution strategy, with strong investments ...
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New Eurochief for New Balance
New Balance has announced the promotion of Francis (Fran) Allen to the position of vice president in charge of the company's Europe, Middle East and Asia (EMEA) region, based at the company's new European head office in Warrington, England. He takes this position from Jonathan Ram, who is moving to ...
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Ashley unavailable for British MPs in March
Mike Ashley, the largest shareholder of Sports Direct International (SDI), has reportedly angered some British MPs by turning down the request of the Scottish Affairs Committee to appear before it in relation to job losses at a Scottish warehouse and zero-hour contracts at the sports retail group.Ashley's representatives wrote that ...
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United Brands becomes a performance sports retailer
United Brands, the Belgian sports retailer, estimates that its sales will increase by about 14 percent to more than €37.5 million for the full year until the end of April. The rise was chiefly driven by UB's two-year-old partnership with the Belgian national football team.The shift in the company's concept ...
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Basicnet improves strongly
In a preliminary statement, Basicnet reported a 12.9 percent increase in aggregate sales in terms of constant currencies in 2014. They reached €446 million including those of its licensees, with an 8 percent improvement in Europe and stronger growth in other parts of the world.Sales went up by 26.9 percent ...
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Sequential should continue to grow strongly
Sequential Brands is considering two or three other acquisitions this year as it continues to target $100 million in annual revenues from royalties, with an Ebitda margin of 70 percent, and $3.5 billion in retail revenues from its own brands. In addition to several fashion brands, its current portfolio includes ...
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Masita starts afresh with smaller range
Masita Sportswear, the Dutch team sports apparel company that was declared bankrupt earlier this year, has been acquired by one of its former owners. Kurt Molin partly owned the company for twelve years until 2012 and bought it again to rebuild reliable distribution in Europe with about half of the ...
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Moncler posts double-digit sales and earnings growth
The Italian luxury down jacket maker said revenues in 2014 increased by 20 percent, or 21 percent at constant currencies, to €694.2 million. Growth was driven by the retail channel, which showed a 31 percent increase at constant currencies. The brand has invested to expand its retail network since its ...
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Crocs is looking at a another transition year
Crocs booked a net loss of $4,926,000 against net income of $10,420,000 in the previous one. Sales were basically flat at $1,198.2 million. They were down everywhere except in Europe, where they grew by 13 percent to $147.6 million. The results were in line with expectations in view of unfavorable ...
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Nautilus is buoyed by new products
Nautilus, the U.S. fitness equipment company, wants to expand through a diversified product range and more international sales this year. This comes after robust increases in sales and profits last year, driven by the Bowflex Max Trainer and other product launches. As already indicated in preliminary results last month, Nautilus ...
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Brunswick invests in China
Brunswick Bowling has joined forces with World Bowling, the international bowling federation, and with the Chinese Bowling Association to launch the Chinese Bowling Foundation, which is meant to raise awareness of bowling in the country.The company reports that hundreds of bowling centers opened in Chinese cities two decades ago but ...
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Fresh impetus for EU action to support industry
The Federation of the European Sporting Goods Industry (Fesi) has received an emphatic commitment from the new European Commission appointed in November to support the sports sector, enabling it to push ahead with wide-ranging measures in favor of the European sports industry's growth.This drive is guided by the “non-paper towards ...
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World Sports Forum: China to continue as the world's factory
Rising labor costs in China are so far failing to erode the country's wide global leadership in apparel production but far-reaching economic and demographic trends could lead to more significant shifts in the coming years, according to several speakers at the packed World Sports Forum (WSF) in Munich last month.The ...
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Umbro is making waves in Europe again
Umbro is apparently trying to reassert itself as a football brand in Europe, after Nike took away from it all its juiciest football licenses. The brand announced that it will replace Nike as the official supplier of the PSV Eindhoven football club in the Netherlands from the 2015-16 season and ...
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Puma fixed the basics, predicts faster growth from H2
Puma said that it had managed to “fix the basics” and to set an adequate strategic direction for the brand and the company, as it outlined broadly flat sales and improved earnings in 2014, after much increased spending on marketing.Bjørn Gulden, the company's chief executive, stated in a conference call ...
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Adidas wants a new CEO within two years
Herbert Hainer, the Adidas Group's chief executive, confirmed in a letter to employees last week that a search has started to find a replacement for him, as the company is preparing to unveil a new five-year strategic plan towards the end of March.Igor Landau, chairman of the Adidas group's supervisory ...
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TaylorMade Golf completes the reshuffle of its executive team
TaylorMade Golf has announced the completion of the restructuring of its executive team with the arrival of three new members. The three new appointments, all former TaylorMade executives, comprise David Abeles, president of TaylorMade and Adams Golf; Jeff Barker, chief financial officer; and Bob Maggiore, chief marketing officer.Maggiore will be ...
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New Balance aims for the #3 spot in global football
New Balance is taking over the sponsorship of most of the soccer teams that had been previously signed up by Warrior Sports, its subsidiary specializing in hockey and lacrosse, starting with the new football season in the second part of the year. It is taking on board also several individual ...
