Latest Headlines – Page 358
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Yue Yuen's retail subsidiary runs into a loss
Inflated rental and staff costs precipitated a loss at Pou Sheng, one of the two leading sports retailers in China, for the first six months of its financial year, until the end of March. The company's turnover increased by 9.7 percent to $846.1 million, including acquisitions that lifted the number ...
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Allegations fly in Reebok India conflict
The conflict between the Adidas Group and its former general manager in India is heating up, with Indian newspapers reporting allegations that two leading executives stole products by setting up four secret warehouses in Delhi and generating fictitious sales. They referred to a First Information Report (FIR) reportedly filed by ...
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Intersport, Bodytalk defy the Greek economy
While Greece is still in economic and political turmoil, some sports companies are continuing to thrive in the country. One of them is the Greek-based Intersport chain of sporting goods stores that belongs to the large Furlis retail group.Furlis' Intersport operation raised its sales by 12.0 percent to €90.75 million ...
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Fitness is Garmin’s best segment
Garmin recorded a 26 percent in increase in the revenues of its fitness segment to $71 million in the first quarter. It was lifted by the introduction of its second-generation watch for multiple sports activities, the Forerunner 910XT, which focuses on triathlon. The company feels that the fitness segment ...
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Alpargatas performs better than expected
Alpargatas performed better than expected in the first quarter of this year, raising its total net sales by 17 percent to 648.9 million reais (€255.7m-$325.3m), in spite of lower sales of sports products and a small temporary dip for Havaianas sandals on the European market. Higher average selling prices were ...
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MBT is bankrupt
A Swiss court in Winterthur opened bankruptcy proceedings last May 9 for Masai Group International and Masai Marketing & Trading, the two companies that own the brand rights and run the global operations of MBT, the pioneering Swiss brand of “physiological footwear.” It immediately ordered the shutdown of its new ...
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Scapino and Aktiesport in strategic tie-up
In a new strategic partnership between Dutch retailers, wich follows the intended merger of Euretco and Intres, Scapino, the largest footwear retailer in the Netherlands, has teamed up with Aktiesport, the discount-oriented sports retailer owned by the Unlimited Sports Group (USG). To start with, the partnership calls for Aktiesport to ...
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Kaufhof reduces its losses
Galeria Kaufhof, the big German retail group, which in addition to its 124 Kaufhof department stores runs 13 sports stores under the banner Sportarena and four others under the specialty outdoor banner Wanderzeit, has reported a 0.9 percent increase in sales for the first three months of this year.Including GB ...
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IOC wants to regulate social networks and more
The International Olympic Committee is warning athletes and other accredited people participating in the London Olympic Games that they must use the new social media carefully, without infringing on the rights of Olympic sponsors and authorized photographers and broadcasters.A series of guidelines issued by the IOC on social media, blogging ...
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Nike will reward contract manufacturers for sustainability
While working with fewer factories in the last couple of years, Nike has been auditing more of them for compliance with higher standards of labor and environmental performance. From now on, the Swoosh will integrate these standards into a new ”Sourcing and Manfacturing Sustainability Index” that will give them priority ...
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Asics grows sharply in Europe
Continuing its strong growth, Asics Europe announced a 15.3 percent increase in its sales for the 2011 calendar year, excluding the acquisition of Haglöfs. Sales of running shoes and running apparel grew by 22 and 26 percent, respectively. In tennis, Asics posted a double-digit increase in its footwear and a ...
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Warm weather affects Head’s results
Head recorded a drop of 70.9 percent to €2.2 million in its net loss for the first quarter of 2012 as its revenues jumped by 17.1 percent to €70.0 million for the period. The group's gross margin remained virtually unchanged at 42.7 percent and its operating losses were cut in ...
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Black Diamond enjoys strong increases
Sales grew by 19 percent to $46.4 million at Black Diamond in the first quarter, thanks in particular to strong sales of carabiners, lights, poles, harnesses and ice gear, which offset softer sales of big-ticket ski products, gloves and mittens.Gregory Mountain Products boosted sales by 25 percent as it benefited ...
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Flat sales at Johnson
Johnson Outdoors reported essentially flat sales of $128.7 million for the second quarter of its financial year, ended March 31. The gross margin declined to 39.3 percent from 41.1 percent, but operating earnings rose by 22.4 percent to $14.0 million, thanks in part to a favorable $3.5 million settlement with ...
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The European boardsports market declined in 2011
In announcing the 9th edition of the International Surfing Day, scheduled for June 24, EuroSIMA, the European Surf Industry Association, has published some figures about the global summer boardsports market. According to a study conducted by NPD for the international organization, consumption of the related products grew by 3 percent ...
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X Games become more international and lifestyle
Brazil, Germany and Spain will join the U.S.and France over the next three years as hosts of ESPN's X Games. Following a bidding process for the best new locations that began one year ago, ESPN selected Foz do Iguaçu, Munich and Aspen, Colorado, as additional sites for the action sports ...
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Switzerland recovers from a big slump
The Swiss sporting goods market declined in 2011 by 11.5 percent to a level of around 2 billion Swiss francs (€1.7bn-$2.1bn), according to the latest estimates by Asmas, the Swiss sporting goods retailers' federation. It was the worst level since 2001. This official figure excludes sales of bicycles and other ...
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The Swiss walk, bike and run more, ski less
The Mach Consumer 2011 study of sports participation in Switzerland shows a certain stability overall in the total number of people who practice any type of sports, but it shows important variations in the types of sports activities practiced compared with 2001. It also shows for the first time that ...
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Swedish sports retailers had worst results in 15 years
Despite a recovery in the Swedish economy, 2011 was the worst trading year since 1996 for Swedish sporting goods retailers. After several years of excellent growth, sales slowed down. According to HUI Research, the sporting goods retailers' turnover amounted to 21.7 billion Swedish kronor (€2.4bn-$3.1bn), a drop of 0.9 percent ...
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Cross-country skis performed best in Sweden two years ago
The cold and snowy 2010-11 winter season in Sweden probably resulted in a record year for sales of cross-country skis, according to a study recently released by Sportfack on the country's winter sporting goods hardware market. The analysis, which is compiled by Sportfack roughly every two years, was based on ...
