Latest Headlines – Page 414
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Danish Distributor Gets New Balance For Scandinavia
Active Sportswear International, the fast-growing company that has been distributing New Balance in Denmark since 1996, has been given the distribution in Norway and Sweden as well. Those two countries have been covered for many years by a subsidiary of New Balance in Gothenburg, and most of their employees and ...
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Uk Gear Targets The American Market
UK Gear, a British brand of running shoes that specializes in deliveries to armed forces, has mapped out plans for rapid expansion in the U.S. market after Catapult, a British venture capital firm, injected just over £1.1 million (€1.2m-$1.7m) into the company. As part of the deal, UK Gear ...
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Fila Is In For A Re-launch In Europe
Fila is looking at the spring/summer 2011 season for a major re-launch in Europe, the Middle East, Africa and the Indian subcontinent, where the brand has gone through a major reorganization of its operations that is now almost completed. That’s the plan of Rajiv Batra, who replaced Jan Valdmaa last ...
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Crocs Sees Turnaround And Bids Goodbye To Man Who Did It
John McCarvel has stepped in as president and chief executive of Crocs, replacing John Duerden, a former Reebok manager who is retiring from the company after leading its turnaround as president, CEO and board member. Duerden will help McCarvel’s transition if necessary. McCarvel was previously the chief operating ...
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Volcom Improved Margins In Tough Year
A challenging year for Volcom ended with a 16.1 percent drop in sales to $280.6 million. However, the U.S. action sports company managed to increase its gross margin by 1.4 percentage points to 50.2 percent and its net income by 0.2 percent to $21.7 million. Sales in the ...
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Championship Deal Helps Halti’S Expansion Plans In Germany
Halti, the Finnish ski apparel company, has sealed an exclusive deal with Intersport Germany to sell a range of apparel made for the volunteers of the alpine skiing World Championships to be held in Garmisch-Partenkirchen in 2011. This is part of the company’s expansion drive after an extensive clean-up ...
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French Firms Launch The Outdoor Sports Valley
That’s the name given to an association of companies operating in the area of Annecy, the city in the Savoy region of France that has applied to host the Winter Olympic Games in 2018. After five years of lobbying and preparations, they have obtained a commitment by local authorities to ...
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Indian Shoemaker Expands Capacity For Adidas And Reebok
Because of very high import duties, virtually all the footwear sold by Adidas and Reebok on the Indian market is made locally, as is also the case with Nike and others. With Adidas’ sales in India growing rapidly, the Lakhani Amman Group, one of the largest Indian shoe companies and ...
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Ispo Confirms Its Position As The Leading Winter Trade Show
The Ispo show in Munich, which ran from Feb. 7 through 10, was a success – thanks in large part to the tremendously good snow conditions that have been prevailing lately in Central Europe and beyond. However, Ispo’s top manager, Tobias Gröber, has started to sense renewed demand from the ...
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Chains Vie For A Piece Of Turkish Market
The Turkish sports retail sector, which we covered extensively in a unique market research report released in 2008, is undergoing rapid changes with the scheduled opening of two Décathlon stores, the rapid roll-out of new Intersport stores and a fresh licensing deal to be unveiled by Sport 2000 in the ...
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Intersport U.K. Annexes Allied Group
Intersport U.K. will be teaming up with the Allied Group, another British buying group with 28 members and 39 stores, from the start of April. Disclosed at Ispo, the deal between the two buying groups will create a retail force with joint U.K. sales of about £125 million (€143.6m-$195.1m) in ...
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German Intersport Is Drowning In Snow And Good Figures
In presenting its final figures for the calendar year 2009, which differs from its fiscal year ending in September, the management of Intersport Germany attributes major improvements to its winter business. In 2009, the retail members’ sales increased by 7 percent to €2.62 billion. This January was more than satisfactory, ...
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And Sport 2000, Too
The German Sport 2000 reports a 6.4 percent increase in retail turnover to €1.4 billion for its own fiscal year, ended Dec. 31. This figure, however, also includes the sales of the Swiss sports retailers affiliated with Sport 2000 and the athletic footwear sales of the shoe dealers affiliated with ...
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Ochsner Cracks The 400 Million Chf Mark
Switzerland’s leading sports retailer, Ochsner Sport, raised its sales by 2 percent to 402 million Swiss francs (€274.4m-$372.1m) in 2009. The management is delighted about this result because the snow came relatively late in the autumn and the company’s fiscal year compared with 2008, a year in which Switzerland hosted ...
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Go Sport Moves Into The Black
According to preliminary data from the French sporting goods retailers’ association, FPS, French specialty sporting goods retailers raised their sales by 1 percent on a same-store basis in 2009. Against this backdrop, Groupe Go Sport lost some market share, suffering comparable store declines of 3.7 percent for its French Go ...
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Puma’S Sales Struggle But Margins Are Strong
After extensive restructuring measures undertaken in 2009, Puma is striving to stabilize its sales and to improve profitability. Puma ended the year with a weak quarter in terms of consolidated sales, down by 12.8 percent to €489.5 million. In constant currencies, the rate of decline was 10.1 percent, with drops ...
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Vf’S Results Are Driven By Outdoor And Action Sports...
VF’S RESULTS ARE DRIVEN BY OUTDOOR AND ACTION SPORTS VF Corp. has decided to allocate an extraordinary budget of $40 million this year to support special new marketing activities. The bulk of it will be spent to boost the development of three brands – The North Face, Vans and ...
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Lafuma Is Happy About Its Surf And Mountaineering Divisions
For the first quarter of its 2009-10 fiscal year, ended last Dec. 1, the Lafuma Group reports a sales decline of 3.9 percent to €51.4 million. Sales in France were up by 3.4 percent to €32.2 million, while the international business lost 13.9 percent and went down to €19.3 million. ...
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Still Bleak Numbers At K-swiss
Turnover fell by 21.4 percent to $42 million for K-Swiss in the fourth quarter ended Dec. 31, with drops of 31.8 percent in the U.S. and 11.2 percent elsewhere. The company had a quarterly loss of $12.5 million, down from a loss of $13.7 million for the same period in ...
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Jarden Predicts Higher Winter Sports Sales After A Recent Decline
Marker Völkl claims that Völkl earned a solid 13 percent share of the global alpine ski market in 2009, ranking fourth in value among the major players in the sector, while Marker remained second-best in ski bindings, with a slightly improved market share of 29 percent. In the U.S., Völkl ...
