Latest Headlines – Page 423
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Nike Raises Profits In Spite Of Lower Sales, But Europe Is Not Performing Well
European markets dragged down Nike’s sales for the first quarter of its financial year, which ran until the end of August, with double-digit sales drops across the continent. There are only slightly brighter near-term prospects ahead, judging from European orders. This emerged from the results presented by Nike ...
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Nike Sees Huge Gains In China
A document filed with the U.S. Securities and Exchange Commission about adjustments introduced by Nike for its financial reporting at the beginning of June have revealed some more regional figures – detailing revenues and earnings in China, pointing to the sudden deterioration of Central and Eastern Europe, and the slowdown ...
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Jost Becomes Chairman Of Intersport International
Klaus Jost has been unanimously elected by the supervisory board of Intersport International Corporation to be its new chairman. Jost, 48, is the chief executive of Intersport Deutschland, the biggest single national organization within IIC. An experienced marketing-oriented executive with an international vision, Jost worked in the managament ...
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Eybl Makes It Into Germany At Last
Intersport Eybl will open its first store in Germany on Oct. 15. The store in Passau right at the Austrian border will simply be called Sport Eybl because this big Austrian retail company does not hold the Intersport license on German territory. Eybl’s low-budget format, Sports Experts, is ...
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Xxl Moves Into Sweden
The fast-growing Norwegian operator of sports superstores, which is among others one of the only two major off-course suppliers of golf products in its domestic market, is making its long-awaited move into Sweden in the spring of 2010. According to Sportfack! magazine, the first Swedish XXL Sport is ...
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Blacks Operates Serious Restructuring In All Areas To Go Back Into The Black
The newest measures, which were announced today, involve the shutdown of 89 outdoor stores, most of which have not been trading profitably for years and the elimination of about 50 jobs at the head office in Nothampton, representing about 20 percent of its local staff. Consultations have started with their ...
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Jjb Sees Better Times After Six Difficult Months, Slazenger Should Go
JJB Sports continued its slide in the six months ended July 26, with revenues plunging by 42.5 percent to £178.6 million (€196.8m-$289.9m). The net loss grew to £27.2 million (€30.0m-$44.1m) from £5.9 million for the same period in 2008. The gross margin fell by 13.2 percentage points to 33.6 percent ...
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Meanwhile, Jd Gets A Boost
Contrasting with the bleak situation at JJB Sports and at the other major British sports retail group, Blacks Leisure, JD Sports Fashion reported an 8.4 percent increase in revenues to £324.0 million (€357.1m-$525.8m) for the six months ended Aug. 1. Net income grew by 12.8 percent to £6.9 million (€7.6m-$11.2m). ...
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The Global Sports Apparel Market Is Driven By Emerging Markets
The global wholesale turnover for athletic apparel rose by 4.2 percent in dollars in 2008 to $62.5 billion over the prior year, aided by a 6 percent increase in the value of the euro against the dollar and led by spectacular growth in China prior to the Olympics. The annual ...
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Jamaican Track Star Might Ditch Puma
Usain Bolt, the Jamaican track and field star and world record holder in the 100- and 200-meters and a Beijing Games’ gold medalist, is said to be weighing a new endorsement offer from an unidentified Chinese firm that could earn him at least $115 million over five years. Bolt's suitor ...
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Quik Is Not Doing Too Bad In Europe
Denying reports in the French press, Pierre Agnès, who runs Quiksilver’s European operations, says there are no plans to reduce the company’s personnel or the number of company stores in the continent, where it is performing relatively well in spite of the general economic situation. European sales should be ...
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Jarden’S Ski Business Will Fall, But Not As Bad As Industry
Executives of Jarden Corporation, the parent company of K2, told attendees at the Barclays Capital investor conference in Boston that its ski business will be down by less than 20 percent for the year, better than what’s expected from the sector as a whole. Saying it has the only ski ...
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Furrer Buys Wild Roses
Gregor Furrer & Partner Holding has bought Wild Roses, the Swiss women’s-focused outdoor apparel brand, from an Italian company, CDA, for an undisclosed price. Gregor Furrer & Partner Holding, a Swiss company that serves as an exclusive distributor for a number of key brands in Switzerland, will present its first ...
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Diadora Deal May Be Completed In November
Diadora’s debt settlement process with its creditors is due to start on Oct. 20, after the bankruptcy court in Treviso picks the final candidate for the acquisition of its key assets, and it could be completed toward the end of November. A majority of the creditors approved a preliminary deal ...
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The Two Big German Rivals Give Peace A Chance (For One Day)
Both companies have realized that competition can make them stronger internationally, positioning themselves differently in the world market. Their managers have apparently reached a stage where they can feel cool about it all, taking one day off to engage in a more leisurely game that symbolizes a new era. ...
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Peak Performance Shines In Ic Companys’ Results
The extension of Peak Performance’s golf range has contributed to the Swedish brand’s robust sales rise for the financial year ended on June 30, up by 5 percent to 941 million Danish kroner (€126.4m-$187.0m), as reported by its Danish owner, IC Companys. Underlying growth was even more impressive, reaching about ...
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Italy’S New Bike Incentives Start Sept. 25
The Italian government’s new incentive plan to boost the purchase of bicycles and e-bikes started on Sept. 25 and will last for as long as the €7.7 million funds are available. Another €5.1 million in incentives is destined for the purchase of motorbikes, but the introduction of those aids ...
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Sporting Goods Garner Web Traffic In France
Out of the 46 percent of French internet users who buy clothes or accessories online, around 12 percent buy sporting goods, according to a survey by Médiamétrie/Net Ratings, an independent company in France’s audiovisual sector. The survey was carried out from December 2008 to May 2009. Décathlon, which launched online ...
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Is The Worst Over In The European Market?
In the last issue, which carried our annual chart of the European sporting goods retail market, we announced that it fell by 3.1 percent in terms of euros in 2008, remaining largely flat in terms of local currencies, after many years of steady growth. For the subscribers to the printed ...
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Jjb And Sports Direct Are Suspected Of Price Fixing
The U.K.’s Serious Fraud Office (SFO) is looking into suspicions that JJB Sports and Sports Direct fixed prices while Chris Ronnie ran JJB. The Office of Fair Trading (OFT) has been investigating the possibility of price-fixing and fraud by these two major British sporting goods retailers since January, and it ...
