Latest Headlines – Page 405
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Suffering K-swiss Buys Another Brand
K-Swiss has bought Form Athletics, a California-based company that specializes in lifestyle wear and gear for mixed martial arts, with a surf-and-skate flavor. It will be a division of K-Swiss, and will continue to be led by Mark Miller, the chief executive of the company who started it early this ...
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Sporting Goods Retail Sales Fell By 1.0% In Europe In 2009
In terms of local currencies, the consumption of sporting goods declined for the first time in more than 20 years in Western Europe last year. It fell by 1.0 percent, according to our annual study of the European retail market for these products. In euros, the market went down by ...
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Lower Sales, Higher Margins At Go Sport
A combination of factors, including an estimated 4 percent drop in the French sporting goods market for the first four months of this year, is cited by management for the 8.2 percent drop in the Go Sport Group’s sales to €310.7 million during the first half of 2010, ended on ...
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Sports Direct Sees 3.4% Increase In Comps
Sports Direct International (SDI) strengthened its leadership of the British sports retail market, with an increase in its U.K. retail sales of 11 percent to £1,118 million (€1,337m-$1,731m) for the year ended April 25. In spite of the U.K.’s economic slump, SDI saw its comparable retail sales grow by ...
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Blacks Improves Margins, Sales Decline
Comparable store sales tumbled by 7.5 percent at Blacks Leisure Group, the leading British outdoor retailer, for the 17 weeks to the end of June. The company pointed to disappointing sales in May, though it performed in line with expectations during other weeks of this period.. The drop was ...
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Sportzone Expands Strongly In Spain
As part of its internationalization program, Sonae Group of Portugal has signed a deal with Grupo Numero 1 of Spain to set up two joint ventures for the development of its own SportZone and Worten retail chains in the Canary Islands. Sonae will have a 51 percent controlling ...
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Golf House Finally Has A New Owner
Arques Industries, the private equity company that controlled Golf House, and a partner, Manfred Baumann, have finally found a buyer for the leading German golf specialty chain. Golf House has been acquired by a joint venture of JAB Anstoetz and Peter Wolf. The former is a leading global retailer of ...
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Bike Parts And Fitness Drive Accell Now
For the first half of 2010, Accell Group has reported a 3 percent increase in sales to €342 million, with a boost from minor acquisitions. The Dutch company’s operating profit rose by 3 percent to €35.4 million. The net profit was up by 9 percent to €24.1 million. ...
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Modest Sales Increase Gives Shimano Huge Rise In Operating Income
Shimano reports a 15.9 percent increase in net sales to ¥104.4 billion (€925.0m-$1,198m) for the first half of 2010, while operating income doubled, rising by 100.6 percent to ¥17.3 billion (€153.3m-$198.5m). The gross margin climbed by an impressive 4.8 percentage points to 37.9 percent. Shimano’s net income saw a more ...
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Rapala Sees Recovery Signs, Too
The Finnish company’s net sales grew by 15 percent to €77.6 million for the second quarter ended June 30, a quarterly record. On a currency-neutral basis, Rapala’s sales were up by 5 percent; favorable currency effects contributed €6.3 million to the top line. The company reported an operating ...
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The North Face And Vans Continue To Shine, Product Costs Decline
The North Face increased its global revenues by 12 percent in dollar terms in the second quarter ended June 30, and its orders were up by about 20 percent overall. The weakend euro affected the score, and in fact, while TNF’s sales were up in single digits outside the U.S. ...
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Columbia Posts Significant Sales Increases, But Faces Shipment Problems
Stronger reorders and robust own retail sales lifted Columbia Sportswear’s revenues by 24 percent to $221.8 million for the second quarter, amounting to a rise of 22 percent in constant currencies. It enjoyed double-digit increases in all product categories, due to more abundant demand as well as a shift in ...
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Good Growth And Strong Orders At Wolverine
Wolverine World Wide has reported a 4.8 percent increase in revenues to $258.2 million for the second quarter ended June 19. The growth would have been even higher if a big shipment to an unnamed distributor had not been delayed until the third quarter. The group also had lower close-out ...
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Lafuma Continues To Face Declines
In the first nine months of its fiscal year 2009-10, Lafuma Group faced another decline in sales by 6.1 percent to €163.8 million. In constant currencies, the French company’s ongoing operations saw their sales decline by 5.9 percent, but the management is expecting a gradual return to growth, especially in ...
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Apparel And Direct-to-consumer Boost Under Armour
For the second quarter ended June 30, Under Armour has reported a 24 percent increase in turnover to $204.8 million, coming from very strong growth in apparel and direct-to-consumer sales. Operating income jumped by 104 percent to $6.9 million, and the gross margin rose by 4.0 percentage points to 48.8 ...
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An Inner Glimpse Of Nike’S Annual Report
Nike’s recently released annual report for the fiscal year ended May 30 details its production presence overseas, as well as imports and trade relations with China. It says that the company sourced 37 percent of its footwear from factories in Vietnam and only 34 percent from facilities in China. Indonesia ...
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Spanish Brands Are Benefiting From Puma’S Troubles
Puma’s painful transition to a subsidiary on the Spanish market has apparently favored the development of two Spanish brands of sports shoes and clothing, Kelme and Joma. While the latter is targeting a 20 percent increase in its own sales for this year, Kelme is looking at growth of nearly ...
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Investors Look At Body Glove After Licensee’S Insolvency
Pro Clubs Sports (PCS), a Dutch sports retailer, wholesaler and licensee, went into insolvency at the end of last month after the collapse of its wholesale business. However, the company’s prominent electronic store, Plutosport, will be continued under another entity, Plutosport Europe. Regarding the European license held by PCS for ...
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Olympikus Makes Big Strides In Brazil
Vulcabras, owner of the 35-year-old Brazilian Olympikus brand and joint venture partner of Adidas Group for Reebok in Brazil, Argentina and Paraguay, should have been featured among the major players in the global athletic footwear market, although its business is confined for the moment to the Latin American market. ...
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Golfsmith Europe Distributes More Brands
Golfsmith Europe continues to round up its offer of golf grips and shafts with other branded products for golf shops. Using its own network of 18 agents and distributors throughout Europe, it has agreed to distribute Ogio golf bags and Nike golf eyewear, developed by Marchon, in the U.K. and ...
