Latest Headlines – Page 357
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Rip Curl slims down in Europe
With its European sales expected to decline by about 25 percent for the financial year ending next June 30, Rip Curl is streamlining its European operations in terms of staff, stores and product offerings. The Australian surf brand, which is performing well elsewhere, has decided to concentrate on its more ...
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Quiksilver outperforms the European market
The Quilsilver group claimed that it outperformed its rivals in the second quarter of its fiscal year ended in April, with a sales increase of 3 percent to $492.2 million. The group's managers said the performance had been praiseworthy in Europe, where Quiksilver managed to lift its sales in constant ...
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Squeezed margins for Quiksilver group
Beyond Europe, the Quiksilver group lifted its sales in all regions, with contributions from all three of its largest brands for the quarter in constant currencies. Wholesale sales declined by 1 percent but they crawled up by 2 percent in constant currencies, while comparable sales in the company's retail stores ...
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Oxbow remains the black sheep in an improving Lafuma Group
The Lafuma Group has cut the number of items in Oxbow's spring/summer 2013 collection by 15 percent and has started negotiations for special key account agreements with Karstadt and other large multi-sport retail chains in Europe. The brand, which is sold in Go Sport and Intersport stores in France, will ...
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Schoeller buys Eschler plant
Schoeller Textil of Switzerland has agreed to take over the German production plant of Eschler Textil in Balingen and its Swiss-based sales organization for sports products, as part of a deal that will reinforce the long-standing partnership between the two Swiss family-owned companies. The tie-up will enable Schoeller to offer ...
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Li Ning renegotiates its agreement with Lotto
Before issuing a profit warning, Li Ning Company announced last Monday that it is entering into a new supplemental agreement that will amend, with immediate effect, the terms of its existing licensing agreement with Lotto Sport. The Italian company had no immediate comment.The amendments include revised minimum sales targets and ...
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Xidelong expects a sales decline
While releasing generally positive results for the first quarter of 2012, Exceed Corporation, the Chinese company that markets the Xidelong brand of affordable sports shoes and clothing, revised its sales forecast for the balance of the year. It predicted a sales decline of between 30 and 35 percent for the ...
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VF sees big chances in Asia, South America
Addressing financial analysts at the Piper Jaffray conference in the U.S., the management of VF Corporation said it plans to move ahead next year with growth opportunities in South America, a region that is expected to generate overall annual revenues of $300 million in five years' time.The company is also ...
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Mustad’s new management pares down costs
The new management of Mustad, the world's largest supplier of fishing hooks, has decided to reduce its Norwegian staff once again, taking it down by 30 people to a total of about 50 employees to help bring the company back to a profit. It will continue to manufacture hooks for ...
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Big growth abroad for Norrøna
Norrøna, the Norwegian brand of outerwear, has sealed a distribution deal for the Japanese market with Fullmarks, which built up Haglöfs and still sells a spate of other Scandinavian brands in the country, from Poc to Aclima, Houdini and Hestra. Haglöfs set up its own business in Japan earlier this ...
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Asia lifts sales and investments at Haglöfs
Haglöfs, the Swedish outdoor brand, reported an almost flat turnover of 626.1 million Swedish kronor (€70.6m-$88.2m) for the past calendar and fiscal year, but its sales jumped by 4.5 percent in constant currencies. The company supplied figures on its own business for 2011 after Asics, the Japanese group that owns ...
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Spain tries to cope with overweight children
While the Spanish government has reduced funding for the sports sector as part of its austerity package, the Spanish Health Ministry has now announced the establishment of an observatory for the study of obesity, according to Diffusion Sport, following indications that 46 percent of the Spanish children between the ages ...
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Natural running takes off in Europe
NPD Group has taken a look at the trend toward “natural running” in Europe, and found that it makes up more than 20 percent of the core running segment in Germany. It also has a strong showing in Italy (10 percent), Spain (9 percent) and France (6 percent). The category ...
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Nike wants to sell Umbro and Cole Haan
Nike Inc. announced yesterday its intention to divest two of its brands – Umbro and Cole Haan – to concentrate on the Nike, Jordan, Converse and Hurley brands. The process, which is expected to be completed by the end of the new fiscal year, in May 2013, coincides with a ...
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Nice ratios at Sport 2000 International
The members and buying partners of Sport 2000 International had retail sales of around €5 billion in 2011, consolidating the group as the second-largest player on the European market, with an estimated market share of 13.8 percent. The sales were more or less the same as in 2010, although there ...
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Poor results for Intersport in Switzerland
The late arrival of the snow in Switzerland, the decline in tourism and a generally difficult competitive environment led Intersport PSC Holding, the Swiss licensee of Intersport International, to suffer a 17.8 percent drop in centralized settlements to 128.0 million Swiss francs (€106.6m-$132.12m) for the first six months of its ...
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Europe was the exception in Foot Locker’s good quarter.
Foot Locker reported a few days ago a record quarterly profit of $128 million for the three months ended on April 28, up 36.2 percent from the score of one year ago and higher than the level estimated by financial analysts. As previously reported, total consolidated sales rose by 8.7 ...
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Babolat grows again rapidly
After a rise of only 6 percent in the previous financial year, the big French tennis brand expects to reach a turnover of €135 million for the financial year ending on June 30, implying growth of more than 10 percent from the previous year's level of €123 million. Some of ...
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Babolat and Nike launch interactive applications
The game of tennis will not been the same from next year on, after the planned introduction by Babolat of a revolutionary, patented “play & connect” system. No information was provided about the distribution structure, the pricing or the date of its market introduction, which is planned to take place ...
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Collective trims management ahead of sale to Wolverine
Four top managers of Saucony were dismissed a few days ago as its current owner, Collective Brands, reported a drop in the brand's sales in the U.S. The casualties included Fran Allen, vice president of global sales, and Frank Warnars, the brand's European sales director.The reasons for Warnars' departure were ...
