Latest Headlines – Page 406
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The Outdoor Show Was Big – And Hot
The heat was on at the OutDoor show in Friedrichshafen that ended on July 18. The number of trade visitors increased by 6 percent to 20,460. Like for the Ispo show in Munich, these figures mean entries per day rather than visitors, but the organizers of the show said the ...
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Munich’S Bike Show Posts Double-digit Growth
The Bike Expo show, which ended on Sunday after four days, recorded 14 prcent growth in trade visitors to 5,700 entries (daily visits) compared with the first edition one year ago. More than 20,000 end consumers had access to Bike Expo on the last day. Even though the show ...
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Adidas, Nike And Spain Reap Rewards From The World Cup
As the official supplier of the Fifa World Cup and the Spanish football team, which beat the Nike-clad Dutch team in the final on Sunday, Adidas was probably the overall winner among the sports brands competing for leadership in the football market, although Andrés Iniesta scored the winning goal for ...
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Intersport Claims Victory In World Cup
Intersport, which claims a share of 25 percent of the European football market through its affiliated stores, has decided to revise upward this year’s budget for their total group retail sales of football products. They should reach a level of between €860 million and €870 million (after VAT) in 2010, ...
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Sport Apparel Suffered More Than Footwear Last Year, Italy Is A Mystery
In terms of volume, the consumption of sports shoes in the five major European countries remained basically flat in 2009, rising by a mere 0.8 percent to an estimated 193.7 million pairs, according to NPD Group. Instead, sales of sports and leisure apparel fell by 3.7 percent to 13.1 million ...
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Eu Imports Go Down But Average Prices Increase
For the first time in 10 years, imports of all kinds of clothing into the European Union dropped in 2009. They fell by 3.8 percent to €57.28 billion. As noted in a Textiles Intelligence report, the drop follows a big decline in growth rates, which went down from 12.8 percent ...
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Puma Regains Rights In Spain – At A Price
Puma is preparing to challenge a ruling by a Spanish arbitration tribunal that has granted the German brand full rights to its trademark in Spain, but only if Puma agreed to pay up to €98 million to its former Spanish licensee, Estudio 2000. Puma hoped it had settled a ...
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Adidas Claims Top Spot In Global Golf
Herbert Hainer, chief executive of Adidas Group, announced on June 28 that TaylorMade-Adidas Golf has taken over the leadership of the global golf market, without naming the former #1 player, Callaway Golf. At a golf tournament in Herzogenaurach, he proclaimed that the division is No. 1 in sales in the ...
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Pentland Defies The Crisis, Seeks New Markets For Ellesse
The recent financial crisis and the devaluation of the pound sterling did not prevent Pentland Group from posting a 16 percent increase in operating profit to £79.4 million (€95.4m-$120.3m) in 2009 on 9 percent higher turnover of £1,134 million (€1,363m-$2,065m). Net assets increased by 5 percent to £399 million (€479.6m-$604.5m). ...
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Global Equipment Sales Fell Last Year
An annual study by Sporting Goods Intelligence has found a 9.6 percent drop in wholesale revenues for sporting equipment companies worldwide in 2009. They declined to $54.95 billion, with drops in sales at almost all of the major companies; 13 of the 24 companies had double-digit declines. The drops came ...
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More Consolidation In The Fitness Industry
Michael Bruno, the founder and owner of Land America Health & Fitness Company, is buying a controlling interest in Star Trac, the California-based supplier of the ST Fitness brand of commercial fitness products and a leader in spinning equipment along with Schwinn. Financial details were not disclosed, but the ...
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Billabong Buys One Company, Eyes Another
Billabong International has reached a tentative deal to buy RVCA, a young California lifestyle brand. Financial detail weren’t released, but reports have the price at $30 million, or about the same as the company’s sales. RVCA is expected to contribute about 2 percent of Billabong’s total turnover. Most ...
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Oxbow Wants To Double In Five Years
Announcing this ambitious goal, Mathieu Bazil, appointed general manager of this French surfwear brand at the end of last year, said it should be partly achieved by raising the ratio of sales outside France from less than one-third to one-half of the total turnover, which declined by 14 percent to ...
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Italian Retailer Suspends Franchising Roll-out
Wonderful Group, a regional retailer in central Italy, has suspended its plans to build up a network of franchisees due to the difficult economic environment. The group hopes to be able to reactivate the program from 2011. The group, which is owned by Lucio Alessi, dismissed rumors that it ...
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Action Is Taking Place On Bike Trade Measures
Anti-dumping duties on Vietnamese bikes imported into the EU will be discontinued as of Thursday. The European Commission didn’t receive any requests to review the tariffs, which ranged from 15.8 percent to 34.5 percent and were initiated in 2005. In 2004, Vietnam sent 1.5 million bicycles to the EU; ...
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China’S Bike Business Is Declining
China’s exports of bicycles fell significantly in 2009, dropping by 18.4 percent to 46.47 million bicycles. By value, the decrease was 16.2 percent to $2.15 billion. The figures, from the National Tariff Bureau, show that average selling price rose by 2.7 percent to $46.30 as raw material and labor costs ...
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Bright Fair’S Berlin Location Draws Mixed Reviews
Several sports brands are happy with the new location of the Bright trade fair, which took place on July 8-10 at the former headquarters of the Stasi in Berlin. For the last 10 years, the event took place in Frankfurt. Most of the brands at this year’s Bright ...
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Asics Takes Over Haglöfs At A Premium To Hike Into The Outdoor Sector
In a major diversification move that surprised several observers, Asics Corporation announced that it has reached an agreement to buy 100 percent of the shares of Haglöfs Holding, the leading Swedish brand of outdoor products. After multiple discussions with Ratos AB, which has owned Haglöfs since 2001, Asics’ board of ...
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Nike Rides High On World Cup Numbers
Nike’s recovery was in full swing in the last quarter of its fiscal year, ended on May 31, showing strong improvements in sales and profits. The three months were buoyed by the football World Cup, which lifted the entire group’s football sales by about 39 percent. ...
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Adidas Still Touts The Lead In Football
Sulking French football players have not prevented Adidas from surpassing its earlier sales target for football products, which are now expected to reach more than €1.5 billion for the year, compared with an earlier forecast of over €1.3 billion. This was the record achieved by the company in 2008, when ...
