Latest Headlines – Page 399
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Adams Golf Sets Up A European Operation
Adams Golf, the leading supplier of hybrid golf clubs, is opening a logistics center in the U.K. to better service European distributors and retailers. Philip Morley, who worked for MacGregor Golf for many years until 2008, has been named European sales manager of the U.S. company. He reports to Joy ...
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Basicnet’S Profitability Shrinks
BasicNet maintained a 15 percent increase in aggregate sales for licensees to €275.4 million in the first nine months of the year, but continued to experience a decline in its gross margin due to higher procurement costs and competitive pricing to gain market share in Italy. The drop in profitability ...
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International Sales Rise At Brunswick
The fitness segment of Brunswick Corporation, which handles Life Fitness and Hammer Strength equipment, had a 9 percent increase in turnover to $137.7 million for the third quarter ended Oct. 2. The company credited higher sales, lower material costs and increased fixed-cost expansion. Sales outside the U.S. rose ...
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Direct Sales Hurt Nautilus
Sales slumped by 7 percent to $38.5 million in the third quarter ended Sept. 30 at Nautilus. While the fitness equipment maker managed to improve its net loss to $4.3 million against the loss of $24.4 million in the same period last year, the operating loss widened to $3.2 million, ...
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Johnson Health Tech Sees Double-digit Growth Across The Board
A 26 percent jump in sales in North America helped Johnson Health Tech record a 20 percent increase in total revenues for the third quarter ended Sept. 30. The company attributed the increase to continued investments in sales support, marketing and product development. Sales in the commercial segment ...
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Europe, Asia Lead The Way For Timberland
With fewer closeouts and a good product mix, Timberland’s gross margin grew by 1.7 percentage points to 47.8 percent in the third quarter ended Oct. 1. Sales were up by 2.5 percent to $432.3 million, an increase of 5.2 percent on a currency-neutral basis. Net income jumped by 38 percent ...
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Crocs Gets Good Results Everywhere
Total revenues for the third quarter ended Sept. 30 grew by 22 percent to $215.6 million at Crocs, with double-digit gains in the Americas and Asia. That figure is on a reported basis; excluding impaired product sales of $11.5 million, sales were up by 30.1 percent. The net income rose ...
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Under Armour’S Guidance Jumps
Good results for the third quarter have led Under Armour to increase its guidance for the full year. Sales should increase by 20-21 percent compared with last year to $1.03 billion to $1.035 billion, up from a previous forecast 16-18 percent rise. Earnings per share should grow by 34-35 percent ...
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Domestic Sales Make Up For Europe’S Decline At Volcom
Despite a slip in revenues from Europe, Volcom posted an 11.4 percent increase in total sales to $104.7 million for the third quarter ended Sept. 30. The increase was 9 percent when excluding revenues from a new license in Australia. In Europe, turnover was down by 5.2 percent to $28.7 ...
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Columbia Looks To Omni-heat For Growth
While Columbia Sportswear is implementing an unprecedented marketing blast around the Omni-Heat technology, it is preparing to deploy an even more comprehensive global campaign for next year. It will accompany the introduction of outerwear and gloves with electric heat, which were unveiled in New York last week, along with an ...
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Puma Faces A Big Shake-up In Greece
While Puma managers were getting ready for the investor day, they had to issue a warning that they had discovered large-scale fraud at their joint venture in Greece, Puma Hellas. The alleged irregularities were apparently committed by Puma’s Greek partners over a period of several years, and they involve tens ...
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Sales And Earning Up By Double Digits At Puma
Suspected large-scale fraud in Greece will dampen Puma’s performance for the full year, but the company achieved a sales increase of 16.5 percent to €784.3 million for the third quarter, while its net earnings jumped by 14.2 percent to €77.6 million. In constant currencies, Puma’s sales rise amounted ...
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Amer Grows On The Back Of Salomon
Salomon’s apparel and footwear drove a robust increase in sales at Amer Sports for the third quarter. This was supported by nearly all of the Finnish company’s other units, with the exception of tennis. Amer Sports’ sales were up by 14 percent to €466.9 million for the quarter, equivalent ...
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Amer Appoints New Board Members To Further Strategy
In line with Amer Sports’ new strategic priorities, which emphasize strengthening commercial fundamentals and getting closer to the local consumer, the company has appointed the regional general managers of the sales and channel management members to its executive board, effective Oct. 15. The new board members are Michael White, ...
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Slight Uptick At Go Sport In France
After a difficult first half of the year, Groupe Go Sport enjoyed a slight turnaround in the third quarter in France, where its generalist Go Sport chain and its athletic footwear retail sister, Courir, experienced sales increases of 1.1 and 7.9 percent, respectively, on a same-store basis. In Poland, however, ...
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Intersport Austria Posts Strong Growth
In a preliminary report, Intersport Austria has announced that it increased its sales in the fiscal year ended Aug. 31 by 7.4 percent. The total amount of €667.7 million at retail prices includes both Austria and the markets for which the Austrian section of Intersport holds the license: Hungary, the ...
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Nike Set To Take Over Nfl Contract From Reebok
Reebok will end it role as the official on-field, premium apparel supplier to the National Football League at the end of the 2011-12 season. Nike will step in as of the 2012 season, ending Reebok’s 12-year exclusive run. At this point, the financial size and magnitude of the Nike-NFL contract ...
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L-fashion Sets Up An Italian Sales Subsidiary
L-Fashion Group and Oberalp have decided to put an end to a 5-year-old distribution agreement for the Icepeak brand on the Italian market, and the Finnish company is now setting up its own subsidiary in the country for Icepeak as well as its other sports brands, including Luhta and Rukka. ...
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Fourth Quarter Helps Lafuma Results
Groupe Lafuma reports that its sales declined by 3.8 percent to €245.2 million for the year ended Sept. 30. Big drops of 10.1 percent to €83.3 million at the Lafuma brand and by 10.3 percent to €23.3 million at Le Chameau more than compensated for a 0.4 percent increase at ...
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Shimano’S Rise In Sales Means Huge Income Improvement
In the first nine months of 2010, Shimano had a 15.9 percent increase in net sales to ¥155.9 billion (€1.4bn-$1.9bn). The operating income jumped by 86.8 percent to ¥25.6 billion (€227.1m-$313.3m). The growth in ordinary income was a more modest 55.9 percent to ¥21.5 billion (€190.7m-$263.1m), but net income leapt ...
