Latest Headlines – Page 404
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Puma Sets New Goals For 2015, May Be Joined By Other Lifestyle Brands
Puma’s management has come up with a revised five-year strategic plan after the economic downturn slowed down the projected expansion of its sales. Running from 2011 until 2015, the new strategy was described as an extension of a previously outlined plan and therefore dubbed Phase IV Revisited: It calls for ...
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Currency-neutral Sales Dip At Puma But Profit Goes Up
Puma’s new sales goalss were discussed as Puma reported that its global turnover dropped by 4.8 percent in constant currencies during the second quarter, with a sharp decline in Europe, but the company’s cost structure continued to improve and its managers pointed to much brighter prospects for the rest of ...
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Adidas Reports ‘Fantastic’ Quarterly Performance
Never shy of superlatives, the Adidas Group’s chief executive, Herbert Hainer, hailed a “fantastic” performance for the company since the start of the year – justifying a slightly improved forecast for the full year. After an already robust first quarter, the Adidas Group’s sales jumped by 18.7 percent to ...
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Columbia Buys Outdry, Ready To Go Against Gore-tex
Columbia Sportswear has bought OutDry Technologies, making it one of the few sporting goods companies to take a stake further up the textile supply chain. The financial terms of the deal were not disclosed, but Columbia’s outlay is probably minor, considering that this breathable waterproofing technology generated sales of less ...
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Group Synergies Help Jarden’S Outdoor Solutions To More Timely Shipments
Jarden Corporation had a 21.9 percent increase in net sales for the second quarter ended June 30, reaching $1.5 billion, partly boosted by the acquisition, as of April 1, of Mapa Spontex household products. In organic terms, the increase was 8.7 percent. Every segment showed growth, led by an 8.5 ...
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After A Strong Quarter, Amer Is Ready For A Good Winter
Amer Sports headed into the second half of the year with a robust increase in pre-orders of winter sports equipment, which were up by 15 percent after a strong selling season. The increase was driven by stronger demand from Central European and Nordic countries. Orders poured in fastest for cross-country ...
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Strong Growth For Life Fitness Internationally
The Life Fitness division of Brunswick Corporation raised sales by 17 percent to $123.2 million for the second quarter ended July 3. Sales outside the U.S. made up 54 percent of the total, and they jumped by 39 percent. Operating earnings were $8.7 million, a big improvement over the $0.2 ...
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Callaway Improves Results But Sees No Market Recovery For This Year
Callaway Golf Company has reported a slight uptick in sales for the second quarter ended June 30, with a 1 percent increase to $303.6 million. Currency effects contributed $6 million to the growth. The gross profit margin rose by 5.0 percentage points to 41 percent, and the operating profit more ...
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Titleist And Footjoy Help Lead Acushnet To Increase
Acushnet Company, the golf unit of Fortune Brands, had a 6.4 percent increase in sales to $389.3 million for the second quarter ended June 30. In organic terms, this was an increase of 8 percent. The company attributed the gain to good sales outside the domestic U.S. market, as well ...
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Sales Increase Can’T Keep Timberland From Posting Another Loss
Timberland has reported a second-quarter sales increase of 5.1 percent to $189.0 million. However, it had a net loss of $23.5 million, worse than its loss of $19.2 million last year. This year’s figure includes a $13.2 million non-cash, pre-tax charge for the impairment of certain goodwill and intangible assets. ...
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The New Diadora Was Profitable In 2009
Diadora Sport, the new company created to take over the industrial activities of the bankrupt Italian sports group Diadora, posted a net profit of €34,000 in 2009. The business generated operating earnings before amortization (Ebitda) of €1.1 million. The relatively good results were probably achieved because of a major pruning ...
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Lotto Breaks Even On Mixed Sales Results
The final results for 2009 were better than the management had expected when it decided to cut down its personnel costs drastically in January of this year. Lotto Sport Italia’s gross margin fell to 39.1 percent from 43.5 percent in 2008, and the operating margin before amortization (Ebitda) dropped to ...
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Basicnet Raises First-half Sales By 15%
BasicNet booked a 15.0 percent increase in aggregate sales (direct and under license) in the first half of the year to €175.4 million thanks to a 188.5 percent rise in its Asian and Australasian revenues to €20.6 million. Nevertheless, the group’s operating profit margins narrowed and the bottom line was ...
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Crocs Turns Around In The Quarter
In the second quarter ended June 30, Crocs recorded a 15 percent increase in turnover to $228.0 million, with increases in sales from all channels. Wholesale revenues were up by 12 percent to $140.0 million, retail grew by 20 percent to $66.4 million, and e-commerce did very well, up by ...
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Yue Yuen Sees Stronger Momentum
Preliminary figures show a strengthening momentum for Yue Yuen Industrial Holdings as the giant Chinese shoe company’s sales grew by 17.6 percent in April and May and by 32 percent in June. For the second quarter alone, total sales grew by 12.8 percent to $1.34 billion. Footwear manufacturing made up ...
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Gaastra Wants To Expand Abroad Under New General Manager
Erik van Bilsen has been appointed general manager of Gaastra International Sportswear to further the international growth of the Dutch nautical brand, owned by the McGregor Fashion Group. He was previously in charge of this group’s Dutch retail activities, focusing on the McGregor fashion brand. Gaatstra is set to ...
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Sri Lanka Loses Duty-free Status
After months of investigation and consideration, the European Union has decided to yank Sri Lanka’s duty-free status for bike imports into the region after the country was not forthcoming about efforts to address alleged human right violations. As of Aug. 15, bicycles from the country will incur a 10.5 percent ...
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No Big Benefits To Adidas From World Cup Sponsorship?
In a study by Survey Sampling International (SSI), more than 5,000 adults in 10 countries answered questions both before and after the World Cup about their awareness of brands that sponsored the event. Adidas was the second-most-mentioned brand that was a sponsor, after Coca-Cola. However, both of those companies were ...
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Big Makers Of Toning Shoes Say An American Fitness Study Is Bogus
Makers of the increasingly popular physiological footwear dispute the findings of a U.S. study that determined that the shoes, with their unstable soles, don’t provide any special additional benefits in terms of exercise response, muscle building or calorie burning as compared to regular athletic shoes. The study was ...
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Lotto Starts A New Stage Of Its Indian Expansion
Lotto Sport Italia has signed a new 15-year extension of its licensing agreement with anIndian company, Sports Lifestyle Private, set up in July 2007. The agreement has new clauses for the production and distribution of Lotto branded products in India from January 2011. Sports Lifestyle has agreed to ...
