Latest Headlines – Page 355
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Rapala’s sales inch up
Rapala reported net sales up by 3 percent from last year to €83.7 million for the second quarter of 2012, and up by 1 percent to €157.1 million for the first half. Sales were supported, in particular, by foreign exchange rates and a growing business in North America, where external ...
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Under Armour reports 27% higher sales
Under Armour's revenues increased by 27 percent in the second quarter to $369 million, compared with the same period a year ago. Net income grew by 7 percent to $7 million.For the apparel segment, net revenues in the quarter increased by 23 percent to $253 million, with good results in ...
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News on British golf from the Open Championship
The British Golf Industry Association (BGIA) unveiled its new logo at a lunch ceremony at the Royal Lytham & St. Annes Golf Club in Lancashire, U.K., on July 18, alongside the Open Championship. The BGIA is the lead trade body for golf products and the service industry in the U.K. ...
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Analysis: The sports apparel market 2011
The global sports apparel market expanded by 8.1 percent in terms of dollars at the wholesale level in 2011, according to an annual study by Sporting Goods Intelligence, and the growth was even lower in local currencies. It was lower in contrast with the previously reported increase of 13.2 percent ...
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Helly Hansen is sold to a Canadian pension fund
Helly Hansen, the Norwegian sports and outdoor brand, has changed hands again. Altor Equity Partners, the Norwegian investment firm that took over Helly Hansen in 2006 from Investcorp, has sold a stake of 75 percent to the Ontario Teachers' Pension Plan Board (OTPP), while retaining the remainder of its shares. ...
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Football gives an additional kick to Intersport
Retailers affiliated with Intersport International Corporation (IIC) across Europe raised their sales by around 4 percent overall in the first five months of this year, with variations from one country to the other, and the month of June went well, too. They benefited greatly from the European Football Championships just ...
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Dutch buying groups agree to merge
Intres and Euretco, the buying groups behind the Intersport and Sport 2000 banners in the Netherlands, have finalized their agreement to merge. This came a few days after the Dutch competition authority (NMA) gave its go-ahead to the tie-up, on the condition that the enlarged group spins off one of ...
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Li Ning makes new management changes, initiates a plan
Li Ning Company announced on July 5 that its longtime chief executive, Zhang Zhiyong, had stepped down, following the departure of other top executives in the last months. At the same time, the Chinese company has entered a three-year “transformation program” aimed at driving growth and improving performance. Zhang, who ...
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Li Ning is hit by Spanish failure
Several Spanish football clubs were scrambling to secure apparel for their teams after LN Plus Iberoamericas, the Spanish licensing and distribution partner of Li Ning, was declared bankrupt. The company had invested heavily in sports marketing, including sponsorship deals with prominent football teams, from Real Zaragoza to UD Las Palmas, ...
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Europe drags down Wolverine’s growth
Reporting an increase of only 0.8 percent in its total sales to $312.7 million for the second quarter ended June 16, Wolverine Worldwide blamed especially the macroeconomic uncertainty in Europe. In Canada as well as in the Europe, Middle East and Africa region, the group's sales fell by a low-middle ...
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Pentland and some of its brands grow strongly
Pentland Group has reported strong overall results for the year ended last Dec. 31. Total revenues went up by 17 percent to £1.523 billion (€1.920bn-$2.359bn). Pre-tax profit rose by 17.5 percent to £114 million (€143.7m-$176.5m). The bottom line improved in spite of an 8.2 percent decline in operating profits to ...
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Tecnica Group up by 3%
The Tecnica Group recorded a 3 percent increase in total sales to €394 million last year, generating a rather stable operating profit of around €35 million before amortization (Ebitda). Due to high amortization and financial charges, the group just about broke even for the year, recovering from a small loss ...
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New investments for Décathlon for Italy and Northern Europe
After eight years of negotiations, the municipality of Brugherio, a town north Milan, has rejected the €35 million project of a new national office and a sports park for Décathlon Italia, which would have created 250 employees. The company is not giving up this project, however. It is making similar ...
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EU Parliament rejects ACTA anti-piracy pact
The European Parliament voted on July 4 to reject the Anti-Counterfeiting Trade Agreement (ACTA), which therefore cannot become law in the European Union. A total of 478 members of the European body voted against the deal, with 39 in favor and 165 abstentions. The guidelines of the treaty were meant ...
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Brazil extends anti-dumping measures to Chinese components
The Brazilian government announced on July 4 the introduction of an extra duty of 182 percent on imports of soles, uppers and other footwear components originating in China, adding that it was acting with the approval of the World Trade Organization. The new measure was its response to various claims ...
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Sport England celebrates Olympic legacy funding
A total of 377 community sports groups in England will profit from almost £20 million (€25.5m-$31.5m) of “Olympic legacy funding” in the context of the Olympic Games starting in London next week. The funds are designed to breathe new life into existing sports facilities. Grants are offered to convert some ...
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Assosport reports on higher exports from Italy, new initiatives
Figures published by the Italian sporting goods industry association, Assosport, indicate that Italy's exports of sporting goods increased by 9.5 percent in 2011 compared with 2010. They rose by an additional 5 percent in the first quarter of 2012. The best performances came from the rest of Europe, with France, ...
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New outdoor market research project starts with Sweden
The OutDoor fair in Friedrichshafen saw the launch of a new outdoor market research project by EDM Publications, publisher of SGI Europe and the Outdoor Industry Compass. It is expected to provide unprecedented details and insights into the scope, the dynamics and the most interesting players in up 23 outdoor ...
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B&B rocks Berlin, highlighting vintage sports fashion
“The Rock” was chosen to be the theme of this year's summer edition of the Bread & Butter show to encourage the impression of the show as a rock, standing firm against economic and financial difficulties. Certainly, even this well-organized and popular trade show failed to go ahead as usual ...
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Nike's sales rise but profit dips
The Nike group has provisioned $24 million in charges to restructure the Nike brand's operations in Western Europe, which have been lagging behind other regions in terms of growth in the last quarters. The charges contributed to a drop of 8 percent in the company's profit for the fourth quarter ...
