Latest Headlines – Page 311
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Ottervanger quits Etnies for Icebreaker
Peter Ottervanger, a Dutch expert in retailing, is leaving as vice president and general manager for Europe, the Middle East and Africa at Sole Technology, parent company of Etnies and other skate and snowboard brands, to take on a similar role at Icebreaker, the fast-growing brand of merino wool garments ...
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Aqua Sphere signs Michael Phelps
After partnering with Speedo for most of his swimming career, Michael Phelps has signed a long-term partnership with Aqua Sphere. The deal is reportedly expected to run through the 2020 Tokyo Olympics. Along with Phelps, Aqua Sphere has also signed Bob Bowman, Phelps' coach. Phelps is the most decorated Olympian ...
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Strong progress at Basicnet
The aggregate sales of the Italian group and its licensees went up by 5.6 percent to €221 million in the first half of this year, and they were up by 8 percent in constant currencies. Net earnings for the period jumped by 151 percent to €6,017,000.Basicnet owns numerous brands including ...
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Winter sports lift Head sales
An acquisition and an uptick in winter sports sales have enabled Head to improve its sales and to reduce its loss for the first half of this year. The Austrian company estimates that it will gain share in a declining winter sports market in the upcoming season.Head's sales increased by ...
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Johnson Outdoors’ sales rebound after two difficult quarters
Johnson Outdoors reported a 6 percent sales increase to $137.1 million in the third quarter ended June 27 as compared to the year-ago period. Sales growth was mostly driven by consistently strong demand for new products across its brand portfolio. Despite the growth in the quarter, year-to-date sales compare unfavorably ...
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Confluence in multiple takeover talks
Confluence Outdoor, an American group that owns eight paddle sports brands, is holding talks with about eight companies to wrap up at least one acquisition by the end of the year. We have learnt this about four months after the company was acquired by J.H. Whitney Capital Partners and added ...
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PSG’s hockey business accelerates
The recent acquisition of Combat Sports and the Easton baseball and softball business led Performance Sports Group to post a 30 percent sales increase to US$112.9 million for the fourth quarter ended May 31, with growth of 35 percent on a currency-neutral basis. The company, formerly called Bauer Performance Sports, ...
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Shimano’s sales and profits see double-digit rises
Shimano Europe has announced that it has renewed its Service Center concept, in close cooperation with its sales offices and distributors. The new concept is based on the three key pillars of service, availability and experience, says the company. It offers exclusive training sessions, workshops and presentations, including an e-learning ...
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Camelbak hires Edi Kaiser
Camelbak went through 80 different applications before choosing Edi Kaiser as its new European sales manager. A former sales & marketing director for Spyder Active Sports, he worked until the end of May as general manager for Germany and Austria at Skins, the Australian supplier of compression garments.Kaiser will take ...
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Strong gains at Dorel, except for Caloi
Dorel Industries' second-quarter revenues grew 9.2 percent to US$655.8 million, driven by a 20 percent jump in sales to $286.2 million for its recreational and leisure division, whose operating profit more than tripled to $15.2 million. The Montreal-based maker of bicycles, child car seats and ready-to-make furniture, which reports in U.S. ...
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Rapala’s sales and profit under pressure
Rapala VMC registered a 5 percent sales decline to €77.7 million in the second quarter ended June 30 versus the same period last year. Revenues at comparable exchange rates grew by 1 percent. In the six-month period ended June 30, sales were €143.9 million, down 8 percent from the previous ...
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Yue Yuen sees profits fall by 48%
Yue Yuen's total turnover rose by 6.8 percent to US$ 3,951.3 million for the first half ended June 30. Recurring operating profits grew by 14.5 percent to US$ 218.1 million from the same period last year. However, the group also had a non-recurring loss for the half year of around ...
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Pou Sheng doubles first-half profits
Pou Sheng International Holdings reported a 9.1 percent sales increase to US$966.6 million for the first half ended June 30. Operating profits more than doubled and reached US$15.8 million, up 107.2 percent from the corresponding prior period. The company attributed the increase to solid growth in retail sales, which more ...
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Li Ning’s loss widens
Li Ning said it made a loss of RMB585.8 million (€71.4m-$95.5m) in the six months ended June 30, much wider than a year earlier, when the loss amounted to RMB184.2 million. The company had warned in July that it would post a loss of at least RMB550 million (€67.1m-$89.6m) for ...
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Anta leads Chinese recovery
Anta Sports described itself a few days ago as the first Chinese group to fully recover from the glut in inventories that affected the Chinese sports market for several years, after a sales increase of 22.4 percent to nearly 4,122 million yuan renminbi (€501.28m-$670.24m) for the first half of this ...
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Moncler posts double-digit growth
In the first half ended June 30, Italy's Moncler generated revenues of €218.3 million, a 19.2 percent increase at current exchange rates compared with the first half of 2013, and up 22 percent at constant exchange rates. Moncler's revenues jumped by 27 percent in April-June after a 16 percent rise ...
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Dakine rebuilds European operations
Dakine moved its European head office from Hossegor to Annecy last month, as part of the company's moves to rebuild its operations after its sale by Billabong International to a San Francisco-based private investment firm, Altamont Capital Partners, in July last year.Dakine, which focuses on snow sports and outdoor bags, ...
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Softer growth for Alpargatas
The growth in Alpargatas' net revenues softened in the second quarter to 5.2 percent as domestic sales rose by only 0.4 percent to 550.9 million Brazilian reais (€181.00m-$241.72m) as compared to the same period a year ago. For the sporting goods segment of its business, the Brazilian group reported a 7.8 ...
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VF claims progress in working conditions in Bangladesh
VF Corporation, owner of brands such as The North Face, Wrangler and Timberland, has published a progress report in which it highlights its work with the Alliance for Bangladesh Worker Safety to prevent unsafe conditions at the factories in that country with which it contracts. According to the statement, which ...
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Brisk run for Asics in Europe
Asics is enjoying a brisk run in Europe, the Middle East and Africa (EMEA), where its sales increased by 16.0 percent for the first half of this year, driven by buoyant sales of both footwear and apparel in the running and tennis categories.Sales of running shoes jumped by 17.9 percent ...
