Latest Headlines – Page 416
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Adidas Sets Its Sights On India, Sets Up A Susbsidiary In Vietnam
The Indian sports business is evolving at such a pace that Adidas has decided to turn India into its 18th major market reporting directly to its chief sales officer, Roland Auschel, with immediate effect. So far, the Adidas Group had integrated India into its Southeast Asia unit. Andreas ...
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Performance Sports Shoes Are The Only Category With Growth In France
Research by NPD on the French sports market shows that only one category of sports footwear and apparel purchases saw its sales increase for the 12 months ended in September 2009, namely products bought by adult consumers with the intention of practicing sports. The entire French sports footwear and ...
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Callaway Sees The Golf Market Recovering
For the fourth quarter ended Dec. 31, Callaway Golf had an 8.5 percent increase in sales to $185.9 million, a rise of 3 percent on a currency-neutral basis. However, it also posted a net loss of $15.6 million, compared with a loss of $3.2 million in 2008, and the gross ...
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Columbia Struggles In Europe
Columbia Sportswear returned to timid sales growth at the end of last year after several quarters of decline, but its European business continued to suffer badly, with a sales drop of 22.9 percent to $46.2 million for the quarter. The fall was even steeper in constant currencies, reaching about 28 ...
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Wolverine Will Push Merrell Strongly
The Wolverine World Wide group is preparing a marketing blast for Merrell in the coming year, to speed up the expansion of the outdoor brand. Merrell’s performance has attenuated the Wolverine group’s sales decline, and managers are banking on the outdoor brand to drive its recovery this year. In ...
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Boot Sales Power Timberland In Europe
The strong boot trend that has been prevailing in Europe in the last months has strongly benefited Timberland, which saw its sales rise by 17.1 percent to $128.4 million in Europe for the last quarter. This is equivalent to an increase of 8.3 percent in constant currencies.Growing sales of women’s ...
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Hi-tec Gets Big Boost From Outdoor
Surging sales of outdoor products in the West European markets drove a sales increase of about 10 percent in constant currencies for Hi-Tec last year, reaching the equivalent of about $250 million. Furthermore, the company’s earnings have rocketed, more than doubling last year on the back of far-reaching sourcing adjustments. ...
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Johnson Narrows Losses As Sales Rise
The new fiscal year opened with a 1 percent increase in sales for Johnson Outdoors, with revenues hitting $70.5 million for the first quarter ended Jan. 1, though it was largely because of favorable currencies. The company reported a loss from continuing operations of $4.2 million, but was is an ...
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Under Armour Has Strong Quarter But Proceeds Prudently
Helped by cold weather and good apparel sales, Under Armour reported a 24 percent sales increase to $222.2 million for the fourth quarter ended Dec. 31. Net income jumped by 83 percent to $15.2 million. The gross margin crept up by 0.7 percentage points to 51.4 percent on higher margins ...
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Brunswick’S Loss Widens On Impairments, Operations
Brunswick Corporation’s fitness division, which mainly represented by Life Fitness, had a 15 percent drop in the fourth quarter to $146.4 million, and operating earnings were down by 20 percent to $20.5 million. The bowling/billiard division had a sales drop of 27 percent to $82.2 million, and operating earnings plummeted ...
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Top Products Are Chosen For Ispo Awards
The jury is in, and it has named the top products for this year’s Ispo Awards. The main umbrella categories were European Ski, Eco Responsibility, Outdoor and Boardsports. The judges were members of the media, retail representatives and industry experts from around the world. The ski awards were given ...
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Bread & Butter Finds Its Stride In Berlin
Bread & Butter, the denim and sports fashion fair, will strive to draw more exhibitors and visitors from the active sportswear sector for its next edition in July. After a vibrant fair earlier this month, organizers have intensified talks with sportswear brands that often exhibit at Pitti Uomo in Florence, ...
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Growth Of More Than 5% At Intersport
A sales increase of more than 5 percent at the retail level was achieved in 2009 by the sporting goods retailers affiliated with the Intersport group in the main European countries, confirming the fact that the sporting goods sector is less dependent on the economic situation than on the weather ...
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Intersport Austria Grows More Than The Market
Amply profiled in our report on the Austrian and Swiss markets, Intersport Austria outperformed the growth of its domestic market and grew very strongly in Eastern Europe, especially in Hungary and Slovakia, in the financial year ended last Sept. 30. In Austria alone, where the sporting goods market was ...
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Moves Put Foot Locker Businesses Under One Boss, Kimble Moves To Europe
Foot Locker has instituted some significant changes at its top management. Lady Foot Locker is being brought under the same auspices as Foot Locker U.S., Kids Foot Locker and Footaction, and all these four businesses will be led by Richard A. Johnson as president and chief executive. Keith Daly, the ...
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After A Good Selling Season, Blacks Considers An Equity Issue
Things are turning around for Blacks Leisure after a rough year. The British retail company said that for the six weeks ended Jan. 7, comparable store sales rose by 12 percent. The outdoor division saw an increase of even 13.1 percent in comparable store sales, while the boardwear division dropped ...
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Sales Continue To Decline At Go Sport
The French sporting goods retailer reports sales drops of 8.9 percent in France and 1.7 percent in Poland on a comparable store basis and in constant currencies for its full-line Go Sport stores during the fourth quarter of 2009. For the full year, there was a decline of 3.7 percent ...
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Top Merger Creates Germany’S Largest Bike Retailer
A big bang occurred in the German retail landscape right at the beginning of the new year: B.O.C., which stands for Bike & Outdoor Company, the large-scale bicycle retailer operating in northern and western Germany, is acquiring 10 stores from the Bikemax chain, another big retailer that has its outlets ...
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Lotto Will Slim Down
Lotto Sport Italia has come to an agreement with its employees and their union representatives on a cut in its personnel costs that would be equivalent to about 60 full-time positions, indicating that its non-consolidated sales fell by about 18 percent in 2009. Major declines were recorded in particular in ...
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Dainese Moves Italian Output To Tunisia
Dainese, the Italian producer of motorcycle suits and snow sports protection equipment, is moving production currently carried out in Italy, at its site of Molvena near the town of Vicenza, to its two manufacturing plants in Tunisia. The group is also terminating the production of top-tier motorbike suits, which ...
