Latest Headlines – Page 415
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Big Drops For Shimano But Recovery Is In Sight
The annual results were worse than the company had predicted one year ago. Total revenues fell by 20.6 percent at Shimano in the year ended Dec. 31, hitting ¥186.7 billion (€1,502m-$2,057m), and operating income plummeted by 45.7 percent to ¥20.5 billion (€164.9m-$225.9m). Net income plunged by 62.0 percent to ¥9.6 ...
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Changing Currencies Affect Rapala
Rapala’s sales for the fourth quarter grew by 1.0 percent to €51.4 million. This is an increase of 4 percent in constant currencies. The operating profit was hurt by currency effects and plunged by 78.1 percent to €0.7 million. The quarterly net loss was €0.8 million, compared with profit of ...
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Asics Improves In The Quarter
For the nine-month period ended Dec. 31, the company’s European sales increased by only 1.8 percent in euros, driven by gains of 11.3 percent in running and 20.3 percent in indoor sports. Sales of lifestyle products declined, especially in France. Part of the growth could be explained by the ...
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Mizuno Turns Around
Mizuno Corporation has lowered its guidance for the full year that ends on March 31 after a 9.9 percent drop in sales for the third quarter ended Dec. 31 to ¥34.6 billion (€278.4m-$381.2m). Despite this, Mizuno managed a quarterly net profit of ¥0.1 billion (€804,500-$1.1m) compared with last year’s loss ...
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Higher Basicnet Sales Thanks To Asia, Africa
The aggregate sales of BasicNet’s licensees rose by 3.4 percent in 2009 to €316.0 million thanks to a more than 23.0 percent surge in Asia and 18.0 percent growth in the Middle East and Africa, according to preliminary results. The group’s performance in the fourth quarter reversed the negative ...
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New Adidas And Reebok Hardgoods On The Market
Adidas and Reebok are coming up with new lines equipment through various licensees. RFE International, exclusive licensee of Reebok fitness equipment with the exception of North America, is now also the licensee for Reebok bikes for Europe, the Middle East and Africa, and will introduce a full range next autumn, ...
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Skins Strikes An Unusual Co-branding Deal With Li Ning
The compression apparel brand has sealed a ground-breaking deal with Li Ning, the Chinese sports company, that will see the launch of a co-branded range of compression garments in the Chinese market in September this year. The range will feature a logo combining the Skins brand name, with its ...
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Erke Works With Reebok’S Former Spanish Distributor
Erke, the 10-year-old sports apparel and footwear brand of China Hongxing, has signed a deal with a Spanish company, Dicaltex, for the design of a European line of sports clothing and for its distribution in Spain and Portugal. The deal should help expand Erke’s sales in Europe by adapting the ...
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Under Armour Heads Into The Outdoors In Europe As It Has Done With Golf
Under Armour is to move into the European outdoor sector, starting with a trial in the U.K. The American sports brand is sealing an agreement with a specialized agency, as yet unnamed. This partner is meant to sell Under Armour apparel in British outdoor stores and then accompany its launch ...
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Elan’S Land Dispute Is Resolved; Holds Its Own In 2009
Elan, the Slovenian ski company, got rid of a persistent headache as it finally lifted uncertainties about ownership of the land where the firm is based. Robert Ferko, Elan’s chief executive, reached a settlement with bankers at the end of last year, which will enable the company to use this ...
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Dakine Takes Control Of Many European Operations Under Billabong
About 18 months after its acquisition by Billabong, DaKine has almost entirely rejiggered its European organization, regaining control of its own business in six of its largest European markets. The brand of action sports accessories is still run with a large degree of independence from Billabong and other group brands, ...
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Brunotti Takes On France And Belgium
Brunotti, the Dutch-based action sports brand, is expanding its international sales by moving into France and Belgium. The company has teamed up with two independent agents in France, who will work only for Brunotti and will receive financial support from the company to operate their business from Annecy. For Belgium, ...
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Last-minute Change Of Clothes For Bogner Olympians
Yet another ruckus has erupted around sports logos at the Winter Olympics, as Bogner was told only a few days before the opening of the current Games in Vancouver that its alpine ski racing suits ran afoul of the rules of the International Olympic Committee (IOC) on brand identification. ...
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Positive Market Figures On The Eve Of Ispo, Especially For Snow Sports
The mood is extremely upbeat among vendors and retailers as they get ready for a record Ispo show, the 40th in the Munich show’s history. With about 2,000 exhibitors, 83 percent of whom come from abroad, the exhibition surface has grown by 2 percent as compared to one year ago ...
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Lack Of Product Continues To Affect Jjb
JJB Sports reports that for the 52 weeks ended on Jan. 24 (one week before the end of its fiscal year), comparable store sales fell by 28 percent. However, the drop was 37 percent as of August, and just 21 percent in January. Total revenues for the 52 weeks fell ...
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Intersport Nederland Revamps Its Way Of Operating
Members of Intersport Nederland have almost unanimously approved far-reaching adjustments in their central organization and their retail strategy for the next years, aimed at increasing profitability and reaching a market share of about 25 percent by 2012 – compared with an estimated share of 19.5 percent for 2009. Intersport ...
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China Appeals To The Wto Against The European Anti-dumping Duties
Filing an eight-page legal complaint, the Chinese government yesterday announced its decision to request consultations with the World Trade Organization to challenge the process by which the European Union decided on Dec. 22 to extend its anti-dumping measures on leather shoes from China and Vietnam for 15 more months. It ...
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Basicnet Licenses Besson
BasicNet is the new licensee of Anzi Besson, the Italian line of high-end skiwear. It is also a 50-50 partner of one of the brand’s founders, Giuliano Besson, in a new company that owns the Anzi Besson brand name. Together, they are going to relaunch the skiwear line in selected ...
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Sport Alliance Represents Völkl Clothing In Italy
The Italian buying group has signed a five-year contract as exclusive distributor of Völkl’s sports clothing on the Italian market. The retail members of the group will carry the line exclusively in the areas where they trade, but Sport Alliance will try to sell it to other stores that don’t ...
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Amer Doubles Quarterly Profit On Lower Sales
Amer Sports had a 3 percent drop in sales to €482 million for the fourth quarter, but it reported a 106 jump in net income to €36.6 million. A strong winter sports market in Europe, as well as a currency-neutral 10 percent increase in fitness equipment, helped offset a poor ...
