Latest Headlines – Page 335
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Cold weather and good numbers in Norway
First-quarter sales of sporting goods in Norway increased by 0.7 percent to 2.655 billion Norwegian kroner (€345.2m-$458.2m) when compared to the same period in 2012, according to Sportsbransjen, the sporting goods industry association in the country. The sales increase can mostly be attributed to the cold and sunny winter weather ...
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The Ispo Academy travels around the world
Ispo is expanding its Ispo Academy program of conferences, intended to make vendors and retailers more competitive, by organizing new events throughout the year. After a successful launch of the first Ispo Academy seminars at the Ispo Munich and Ispo Beijing shows earlier this year, the first off-show Ispo Academy ...
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Fenix Outdoor grows by 9% in quarter
While its Swedish sales declined slightly, the Fenix Outdoor Group still lifted its turnover by 9 percent to 439.3 million Swedish crowns (€51.1m-$66.4m) and sharply raised its profit for the first quarter of this year, as it continued to expand in eastern European countries and in the United States. The ...
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Lowa remains strong in a rapidly changing market environment
The German outdoor footwear company managed to lift its total consolidated sales to €140.0 million in 2012 compared with €139.0 million in the previous year. The figure includes sales at the subsidiaries in the U.S., Switzerland and Austria. The turnover of the German operations alone was slightly down to nearly €120.1 ...
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Workers in Cambodia and Bangladesh are still under the spotlight
The labor situation in the low-cost factories of Cambodia and Bangladesh is still unsettled, and it is escalating in Cambodia. The management of Sabrina Garment Manufacturing in Cambodia, which makes clothing for Nike, Lululemon Athletica and Wilson, fired 415 workers because of their participation in labor strikes, joining thousands of ...
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Sports Direct enters Austria and the Baltics
Sports Direct International announced earlier this week the acquisition of majority stakes in Sports Eybl & Sports Experts (EAG) and the Sportland International Group, which are the major retail players in Austria, Estonia, Latvia and Lithuania. The move will widen its retail presence outside the U.K. to a total of ...
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Team Sportia in trouble
Team Sportia is in financial trouble. Due to declining liquidity, the Swedish sporting goods retailer has been granted by a court the right to suspend payments to creditors, pending a corporate restructuring process.In its application for bankruptcy protection, Team Sportia said that it had suffered a loss of 27 million ...
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Big loss for Intersport in Sweden
Intersport Sverige has reported a net loss of approximately 118 million Swedish kronor (€13.7m-$17.9m) for 2012, compared with a profit of just under SEK6 million in 2011. The main reasons for the loss, according to the company, were the relocation of a warehouse in the course of last year and ...
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Stadium is not going to go public
Stadium, the leading Swedish sports retailing group, appears set to remain in private hands after Ulf and Bo Eklöf reaffirmed their partnership with Ikano, the holding company of the Kamprad family, which controls Ikea. The Eklöfs, the brothers who established Stadium, sold a stake of 25 percent to Ikano in ...
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New quarterly record for Foot Locker
With its previously announced acquisition of Runners Point Group (RPG), Germany will become the biggest European market for Foot Locker after the deal is completed, overtaking Italy. While commenting on its splendid results for the first quarter ended May 4, Foot Locker's management said it will continue to operate multiple ...
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Quiksilver aims for a 13% Ebitda margin
Quiksilver announced a profit improvement plan designed to raise earnings before amortization by $150 million to at least 13 percent of net revenues by 2016. About half of the gain should come from the optimization of the supply chain and the balance primarily from reduced overheads, new licensing opportunities, better ...
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Mizuno sees margins decrease
Mizuno raised its sales by 5.6 percent to a total of 163.65 billion yen (€1.2b-$1.6b) in the financial year ended March 31, but its operating earnings (Ebit) fell by 34.4 percent to ¥3,604 million (€27.4m-$35.7m), with declines in all the regions. The company blamed higher operating costs and higher purchasing ...
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Arena partners with Red Bull, Punto Azzurro
In a potentially sensational deal that should enhance the visibility of the brand, Arena has agreed to work together with Red Bull, the big international drinks company noted for supporting the most daring human exploits, to establish a new record in cliff diving. It now stands at below 28 meters, ...
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Brown Shoe sells Avia and Nevados
Brown Shoe Company had bought these two brands and two others, And 1 and Ryka, through the acquisition of American Sports Goods for $145 million in February 2011. Eight months later, it sold And 1, a brand of basketball products, for $55 million. This time it is selling Avia, a ...
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E-Land leads K-Swiss to buy OTZ
Shortly after closing its $170 million acquisition of K-Swiss, the American company that owns the K-Swiss and Palladium labels, E-Land has appointed a new management that has declared a clear interest in acquiring additional brands that can be “globally relevant.”Losing no time, K-Swiss has announced the takeover of OTZ, a ...
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Labor incidents spread from Bangladesh to Cambodia
Two Cambodian factories that work for Nike and Asics have been under the spotlight in the last couple of weeks in connection with serious labor issues. Last Monday, 23 of the 5,000-odd workers at the Sabrina Garment Manufacturing factory near the capital of Phnom Penh were reported wounded in clashes ...
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Patagonia looks to promote sustainability in other sectors
Yvon Chouinard, founder and major owner of Patagonia, has announced the establishment a new holding company to invest in companies in five critical areas – clothing, food, water, energy and waste – in ways that will share the same ethical approach to the environment and the same mission statement as ...
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Jack Wolfskin makes new commitments to sustainability
As part of plans to remove harmful substances from its production processes, Jack Wolfskin has published a detailed roadmap for the complete phase-out of perfluorinated and polyfluorinated compounds (PFCs) in its supply chain by 2020. It is committing itself to full transparency with regard to the chemicals used by its ...
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Timberland outlines its CSR performance
Timberland has released data on its corporate social responsibility (CSR) performance in 2012, showcasing the company's ongoing commitment to sustainability through a wide range of actions. According to the report, 39 percent of the materials used in Timberland apparel in 2012 were derived from recycled, organic or renewable sources, up ...
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Sales shrink by 66.3% at Exceed
The cleanup of the Chinese sports market badly hurt the quarterly performance of Exceed Company, the group that markets the Xidelong brand of shoes and apparel, which targets the mass market. Its sales shrank to 301.1 million renminbi (€38.0m-$49.1m) for the three months until the end of March, which was ...
