Latest Headlines – Page 419
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The Owner Of Admiral Wants To Get Out Of Sports
The board of directors of International Brand Licensing, the publicly quoted British company that owns the Admiral trade name, has decided that it should move away from the exploitation of its sports and lifestyle brands and re-direct its strategy toward in vitro diagnostic services. Two directors have resigned ...
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F2 International Surfs From Austria To Germany
Gerald Pascher, owner of the F2 brand of boardsports products, has sealed a deal with Bernd Flügel to shift the head office of F2 International from Austria to Germany. While Pascher keeps the brand rights to F2, his family-owned company, MAG, has sold 40 percent of the shares of the ...
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Peter Blom Adds Another Brand To His Start-ups
Peter Blom, one of the founders of Peak Performance and Cross Sportswear, has launched yet another apparel brand, Snoot. It’s a menswear brand with a leisure-oriented design and the technical features of a functional jacket, with a distinctively high-end positioning in price. Four black jackets under the Snoot brand have ...
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Arena Makes Some New Moves In The U.S.
Arena is making some interesting new strides into the American market, where it has signed up two breast stroke champions, Rebecca Soni and Eric Shanteau, through the London Olympic Games. The latter participated in the 2008 Beijing Olympics after discovering that he had cancer and is now involved with the ...
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Adidas’ Shifts In Sourcing Cause Pains
SS Venture, a plant that makes Adidas products in the Philippines, was set to shut down by the end of November after Adidas said it was ending its business with the company because of low demand for the durable, rubber-soled shoes made there. The athletic company told factory management of ...
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Foreign Sales Hurt Mizuno
The first half of the fiscal year ended Sept. 30 saw a 10.1 percent drop in worldwide revenues for Mizuno Corporation, ending at ¥76.2 billion (€586.7m-$879.3m). The gross margin fell by 1.2 percentage points to 40.7 percent, and net income dropped by 31.8 percent to ¥0.9 billion (€6.9m-$10.4m). Japanese ...
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Downward Spiral Continues At Heelys
The bad news never ends for Heelys. In the third quarter ended Sept. 30, sales dropped by 55.6 percent to $10.8 million, and the gross margin fell by 3.3 percentage points to 30.1 percent. The net loss was $1.1 million, compared with net income of $0.8 million in the same ...
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Two Italian Retailers Launch Franchising Programs
Two regional sports retailers in Italy, Challenge Sport and Wonderful Group, have launched new store franchising programs. Wonderful’s program is partly intended to achieve a wider distribution for the big Chinese Li-Ning brand, which would be offered in the franchised stores along with other international brands. The Li-Ning brand is ...
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Npd: French Sales Down For Year Because They Are Not Desirable
The NPD Group has released its evaluation of the sporting goods market in France this year. As of the end of September, sale of shoes and apparel combined had fallen by 3 percent in the previous 12 months. In line with this figure, the market research group expects the full ...
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Puma Pares Down Inventories, Expects Another Sales Decline
After a tough third quarter, Puma is expecting to end the year with a low to mid-single-digit sales decline in constant currencies. However, the company is still confident that it will report a profit for the last quarter, which will enable it to remain profitable for the year. This ...
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Nice Improvement At Le Coq Sportif And Boards & More
Le Coq Sportif continued to buck the trend with a sales rise of 15 percent for the third quarter, building up to an increase of 28 percent to €64.8 million since the start of the year. On the other hand, its gross margin shrank to 46 percent for the nine ...
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K-swiss Looks For Growth In 2011
In the third quarter ended Sept. 30, K-Swiss had a 23.7 percent drop in sales to $70.6 million, with average selling prices falling by 7.1 percentage points, due in part to higher close-out sales that caused a drop in the gross margin to 37.2 percent from 39.8 percent a year ...
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Head’S Profits Boosted By Extraordinary Gains, Winter Orders Are Down
Head’s group turnover dropped by 1.0 percent to €92.2 million for the third quarter ended Sept. 30, while net profit skyrocketed to €41.5 million from €1.2 million in the same period last year. The results included a €42.2 million gain on the recent exchange of its senior notes. ...
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Dominated By Geox, The Montebelluna Cluster Feels The Pinch
The general level of economic activity and employment was relatively stable in the so-called “sportsystem” of the Montebelluna area in 2008, but it has been deteriorating sharply since September of that year, according to the annual Osem survey conducted by the local Boot Museum. The survey failed to take ...
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Sunderland Joins Glenmuir To Expand In Europe
The European distribution of Sunderland, the leading Scottish brand of weatherproof golf apparel, will be taken over by Glenmuir from the beginning of next year. While ownership of the brand remains unchanged, its sales and marketing in Europe will be entirely handled by Glenmuir, a larger Scottish brand focusing on ...
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Uk Gear Prepares For Retail Launch
UK Gear, a British brand of running and walking footwear that specializes in deliveries to armed forces, has recruited three managers formerly dealing with Saucony UK to forge ahead with a large-scale launch at retail level. Andrew Sainsbury, former managing director of Stride Rite UK, which owns Saucony UK, has ...
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Stride Rite Centralizes European Operations
Management changes at Stride Rite UK were the last move in the company’s drive to centralize its European management and logistics. It has already removed managing directors across Europe, so that the operations of national subsidiaries are all run by European managers, supported by local sales and marketing staff. ...
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European Players Make An Impact On Nba Merchandising
While the jersey of Kobe Bryant of the Los Angeles Lakers is the most popular NBA jersey for a second consecutive year in Europe (and the league’s most popular jersey in the U.S. as well), it’s clear that European NBA players are having an impact on the court and at ...
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Ispo Redefines The ‘Trade Visitor,’ Eyes New Markets
Messe München has presented the new concept for its upcoming Ispo show scheduled for Feb. 7-10. The show is being held sort of late next year respecting the changes in the U.S. trade show calendar. As reported, the American SIA show moves from Las Vegas to Denver, which had an ...
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Everlast Signs Six New Licensing Deals
Everlast has secured six new licensing deals, intended to extend its reach in health and fitness markets in the Americas, Asia, Europe and the Middle East: - Brands & Fashion NV, based in Belgium, becomes Everlast’s licensee for socks and underwear in the EU (except Italy, the U.K. and ...
