Latest Headlines – Page 412
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Elmec Prevails Despite Greek Weakness
In spite of the upheavals that have been shaking the Greek economy in the last months, Elmec, the Greek sports and retailing group, lifted its sales by 6.7 percent to €267.5 million for the past year, a jump of 9 percent in constant currencies, driven by growing retail sales. ...
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Basicnet Continues To Post Higher Sales
BasicNet indicated, without giving details, that its sales in the opening months of 2010 were higher than a year earlier. Earnings are also expected to be on the rise, even though higher advertising costs and unstable currency rates make it difficult for the company to assess the increase. During ...
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Big Profit Margins For China Dongxiang
China Dongxiang, which trades mainly under the Kappa and Phenix brands, has reported a 19.5 percent increase in net profit to 1,459.8 million renmimbi (€157.3m-$213.7m) for the year ended last Dec. 31, giving it a huge net profit margin of 36.7 percent on its revenues, which grew by 19.5 percent ...
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Xtep Grows By Nearly A Quarter
Xtep, the Chinese sportswear company, had a 23.7 percent jump in sales for the year ended Dec. 31, reaching 3.5 billion renmimbi (€382.1m-$512.0m). Net income rose by 27.4 percent to CNY 648 million (€70.7m-$94.8m). The 2009 gross margin increased by 2.0 percentage points to 39.1 percent. The Xtep ...
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Yue Yuen’S Profits Grow But Sales Dip
Yue Yuen Industrial Holdings had a 3.2 percent drop in sales to $1.32 billion for the first quarter ended Dec. 31, though it recorded a 10 percent increase in profits to $120.2 million. Turnover from footwear production fell by 9.8 percent to $905.8 million, with volumes down by ...
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Nike Golf Continues To Support Tiger, Has A New Deal In Italy
Tiger Woods’ off-course problems over the last few months have not negatively impacted sales of Nike golf products named after him, according to an exclusive “Tiger Index” created by the specialty retailer Golfsmith. In reporting “no noticeable or precipitous drops in unit sales” over the past several months, Golfsmith said ...
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Taf Looks For New Franchisees In Europe
NexCen Brands, which purchased The Athlete’s Foot in 2006, is trying to expand its footprint in Europe, based on a new store concept that has already proven its worth in the U.S. TAF is in the process of rolling out this new store format in Portugal, where it has 11 ...
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Three Majors Work Toward Greater Sustainability
Nike, Puma and Timberland have all announced new initiatives in the last days in favor of the environment. Puma presented a new sustainable packaging and distribution system developed by Yves Béhar, an industrial designer based in San Francisco, at the Design Museum in London today. Puma's new packaging, ...
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Puma Acquires Cobra Golf
Puma is reinforcing its golf apparel and footwear business with the acquisition of an equipment brand, Cobra Golf. It is being sold by Fortune Brands and its Acushnet golf unit, which still runs the FootJoy and Titleist brands. The transaction is expected to be finalized in the second quarter of ...
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New Owner For Bobby Jones In Europe
The European Bobby Jones golf apparel operations have been taken over by HMX Group, the New York company that acquired the assets of the failed Hartmarx group last year and has a global apparel license for the Bobby Jones golf brand. This comes after Bobby Jones Lifestyle, the brand’s European ...
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Blacks' Board Turns Down Sports Direct’S Takeover Offer
Blacks Leisure Group has turned down a non-binding offer from Sports Direct to buy all of its shares, issued and to be issued, for 62 pence apiece. This was a 3.33 percent premium over the share price at closing the evening before the offer was made. However, Blacks called it ...
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Sport 2000 Moves Into Serbia With Sport Depot
Sport Depot, which became the licensee of Sport 2000 in Bulgaria in the summer of 2009, has seen its partnership extended to Serbia. It is opening the first Serbian Sport 2000 store on 300 square meters in Nish this week and following up with a 1,500 sq.m. location in Belgrade ...
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Budget Sport Enters Switzerland
Already well tested by Intersport’s Finnish licensee, Kesko, the low-cost Budget Sport format of Intersport International is going to be introduced on the Swiss market in the spring of 2011, and retailers in other countries are expected to adopt it soon as well. Intersport Schweiz is setting up a ...
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Intersport Launches A European Running Community
Various national Intersport organizations are setting up a dedicated running community on the internet as part of the group’s new strategy of bringing “Sport to the People.” Following up on Intersport’s former “Run Free” campaign with Adidas and Asics, it is also sponsoring a growing number of running events. ...
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Decathlon Accelerates Its Expansion In Some Countries
The world’s largest sporting goods retailer is expanding in some countries more than others, following years of preparation. The focus is now especially on China, Russia and Portugal, among other markets. It is also make progress in one of the toughest markets for its concept, Germany, and taking its Skimium ...
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Sport Eybl & Sport Experts Continues To Grow
The chief executive of Sport Eybl & Sport Experts AG, Peter Wahle, is confident the company will reach its sales target of €390 million for the fiscal year ending next August due to the good results of the winter season, reporting nearly double-digit growth compared with the previous winter. ...
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Improving Momentum At Nike, Despite Problems In Europe
The results were partly aided by currencies and extraordinary gains. Sales rose by 7 percent to $4.4 billion at Nike in the third quarter ended Feb. 28, though this was an increase of just 2 percent on a currency-neutral basis. Net income more than doubled, climbing by 103.3 percent to ...
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Quiksilver Reports A 12% Drop In Europe
Quiksilver has reported a 2 percent drop in revenues to $432.4 million for the first quarter ended Jan. 31, though the level was $20 million higher than previous projections. The company said that this discrepancy was due largely to foreign currency fluctuations, as well as earlier shipment of DC brand ...
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Rusty Comes Back To Europe
After four years of absence from the European market, Rusty has entirely rebuilt its distribution network from a European head office on the Basque Coast of France. The Californian surf brand should reach a European turnover of about €10 million for the financial year ending in June 2010 and expects ...
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Prince Shuffles European Structure
Prince Europe has taken a look at its business structure and its network of distributors in trying to find ways to be more competitive. In France, it has opened a subsidiary in Bordeaux, following up on a subsidiary opened last year in China. Lilian Villechenoux, formerly manager of Wilson France’s ...
