Latest Headlines – Page 323
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Under Armour beats forecasts
Raising its guidance for the current financial year, Under Armour's management foresees meaningful momentum in its business outside North America building in the second half of 2014. While its emphasis is currently on Latin America because of the 2014 World Cup and the 2016 Olympic Games in Brazil, the company ...
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Adidas sues Under Armour
Adidas Group lodged a lawsuit against Under Armour in Delaware's federal court on Feb. 4, claiming violation of ten different patents that protect its miCoach wearable technology platform and requesting reasonable royalties and treble damages. The patents cover mainly the transmission of physical workout data in real time and the ...
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Puma, Nike, others jostle for football and rugby contracts
Puma has signed a big five-year contract as official supplier of the famous Arsenal football team in the U.K. to assert its position as the third-largest supplier of football products and to back up its credibility as a sports brand. The financial conditions were not disclosed, but reports indicate that ...
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Helly Hansen rejigs European business
Helly Hansen is rebuilding its organization in Europe after several departures and the end of its distribution and licensing agreement with the Unlimited Sports Group (USG) for Germany, Austria and the Benelux countries.Harry Schedlbauer, formerly at USG, was appointed late last year as sales manager for Germany and Austria, while ...
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Peak Performance moves East
Peak Performance will be taking part in Ispo Beijing later this month on the back of a partnership sealed a few months ago with YGM Trading in Hong Kong to start exploring the Chinese market. This company deals with brands from Aquascutum to J. Lindeberg, Ashworth and others. The partnership, ...
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Peak reaches a 16.7% Ebit margin
Peak Performance,which is now the only brand in the new Premium Outdoor segment of IC Companys, had largely stable results in the first half of its financial year, ended last Dec. 31. Sales of 565 million Danish kroner (€75.7m-$102.3m) for the period were only one million kroner higher than in the ...
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Odlo hires managers to explore more markets
Odlo, the Swiss brand specialized in performance underwear, has hired a raft of executives in the last months to support the launch of an expanded range and to develop its sales outside of Germany. The country makes up about 40 percent of Odlo's turnover, which reached 146 million Swiss francs ...
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Brunswick’s fitness segment grows by 9%
The Fitness division of Brunswick Corp., which includes Life Fitness and Hammer Strength, saw its sales rise by 14.7 percent to $210.6 million in the fourth quarter ended Dec. 31, but the segment's operating profit dipped by 2 percent to $35.5 million. The management cited a lower gross margin and ...
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Improved results for Callaway
Callaway Golf saw operating results improve as losses declined sharply to $10.7 million in 2013 from $116.2 million in 2012, and on a non-GAAP basis the company was profitable for the first time in several years. Sales for the full year reached $843 million, up from $834 million in 2012. ...
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Ispo jury selects “Products of the Year”
In addition to 51 “Gold Winners,” five products were chosen as “Product of the Year” at the recent Ispo Munich fair by an international jury of 48 experts from three continents. They evaluated no less than 418 product entries, 11 percent more than in 2013.The applications came from 27 countries.One ...
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Product diversification and brand extensions are in
Observers are wondering whether there will be enough place in store shelves and in the market for so many more SKUs under so many different brands, especially for technical sports apparel and accessories. Many companies are making the move into apparel in the wake of the likes of Black Diamond, ...
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European retail sales dropped by 4% in 2013, Fedas says
Total retail sales of sports products dropped by around 4 percent across Europe last year as compared to 2012 according to Werner Haizmann, president of Fedas, the European sporting goods retailers' federation. The organization places the value of the European market at around €36 billion, but our estimates for market size ...
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Intersport’s comps grow by more than 4% globally
In a preliminary statement, Intersport International Corp. (IIC) announced that its 5,350 affiliated Intersport stores in Europe and the rest of the world managed to raise their retail sales by about 1 percent to €10.3 billion in 2013 including taxes and excluding The Athlete's Foot, which IIC bought at the ...
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New WFSGI president calls for free trade
At the occasion of the annual press conference before the Ispo show in Munich, Frank Dassler, who will most probably be elected as the new president of the World Federation of the Sporting Goods Industry tomorrow, said he expects stronger general growth for the global sporting goods industry this year ...
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Fenix Outdoor buys 20% of Globetrotter
A new European outdoor retail alliance is shaping up with the acquisition of a 20 percent stake in Globetrotter Ausrüstung, the big German specialty outdoor retailer, by Fenix Outdoor, the Swedish company that owns the Naturkompaniet chain in Sweden and Partioiatta in Finland. For its part, Globetrotter holds a 25 ...
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Rossignol outperforms a sluggish ski market
The French winter sports company said its sales have jumped by about 16 percent for the current winter selling season, while estimating that the entire ski market had declined by about 3 percent. Rossignol expects to end the season with a sales increase of at least 10 percent.The company acknowledges ...
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Rossignol wants to buy and diversify
The Rossignol Group is actively studying acquisitions in summer sports equipment to complement its internal diversification in the coming years. The French winter sports company's managers said they were considering various categories, from cycling to fishing and water sports.This comes a few months after Altor Equity Partners, a Norwegian investment ...
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Former Fischer man will run Asics in Russia
Asics has appointed Johann Fischer, formerly in charge of Fischer Russia, to become its general manager in Russia and the CIS countries. The Japanese company wants to double the size of its Russian business - in an unspecified time frame - and establish Asics as a performance sports brand in ...
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New international focus for Brooks
Brooks Running Company will move its head office for Europe, the Middle East and Africa (EMEA) from Münster in Germany to Amsterdam to drive the brand's presence in the continent more forcefully, the way that Asics is doing out of the Netherlands and New Balance out of the U.K. David ...
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Inov-8 posts new record sales globally
Inov-8 saw its sales increase by 42 percent to $29 million in 2013. In the U.S., which makes up for 45 percent of the company business, the increase was of 25 percent. In its home market, the U.K., revenues climbed by 41 percent. Other regions also posted huge sales increases in ...
