Latest Headlines – Page 427
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Scheck Posts Strong Growth Outdoors
SportScheck, Germany’s largest specialty sports retail chain, had sales of €306.1 million in its fiscal year ended Feb. 28, or 3.3 percent more than in the previous year. About 50 percent of the sales came from its 14 brick-and-mortar stores while the other half was done through mail-order. Out of ...
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Speedo, J.D. Sports Give Pentland A Boost
In an unusual statement, Pentland Group reports a sales increase of 11 percent to £1,044 million (€1,211m-$1,722m). The operating profit crept up by 1 percent to £68.1 million (€79.0m-$112.4m). Net assets grew by 14 percent to £380 million (€441m-$627m). No breakdown was given for the company’s individual operations. Pentland ...
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The French Market Expands But Go Sport Doesn’T Benefit As Much As Sport 2000
The French sporting goods market grew by an estimated 2 percent in the first half of this year, thanks in part to a good winter season, but Groupe Go Sport, the country’s third-largest retailer after Décathlon and Intersport, did not quite benefit from the favorable trend. While the more ...
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Insolvency For Canterbury Europe
Partners and employees of the New Zealand rugby brand around Europe are facing weeks of uncertainty after its British subsidiary, Canterbury Europe, went into administration earlier this month. Based near Manchester, Canterbury Europe handled sales in the British and Irish markets and supervised distribution in other European countries, including a ...
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Jarden Raises Profit, Sales Fall Slightly
Sales at Jarden Corporation’s Outdoor Solutions division fell by 10 percent to $637.8 million for the second quarter, with operating income down by 8.7 percent to $68.3 million. The integration of Shakespeare and Pure Fishing is nearly completed, and the company is currently trimming the staff at 25 order fulfillment ...
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Accell Continues To Improve, Except In The Fitness Equipment Sector
Accell Group reports an 8.8 percent consolidated sales rise to €333 million in the first half of 2009, led by a 14 percent jump to €84 million in Germany. Organic growth was just over 7 percent. The net profit increased by 14.5 percent to €22.1 million compared with 2008, and ...
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Vf Corp. Sees Mixed Results, Ready For An Easier 2nd Half
In the second quarter of 2009, which compares with strong results a year earlier,VF Corporation’s net income after minority interests slid by 27.4 percent to $75.5 million on a drop of 11.4 percent in total revenues to $1,485.6 million. The outdoor and action sports coalition was bolstered by ...
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Wolverine Is Hurt By Foreign Exchange
Wolverine World Wide announced a sales drop of 7.8 percent to $246.4 million for the second quarter ended June 20, but taking into account foreign currency effects, the decline was limited to just 3.1 percent. Excellent sales in the U.S. were countered by tough conditions in the rest of the ...
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Adidas Gets More Serious About Outdoor
Adidas is preparing to widen its international distribution of outdoor products, as part of a multi-year plan to establish the brand in the global specialist outdoor sector. While sales formerly focused on German-speaking countries, along with Russia, China and Korea, a wider and more technical outdoor range is to be ...
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Lake Constance Proves To Be A Crisis-free Zone
Counter to Messe Friedrichshafen’s own expectations before the OutDoor show that ended last Sunday, the number of visitors was again up: 19,300 visitors from 90 countries came to Lake Constance to meet 810 exhibitors from 38 countries. Last year’s total number of visitors had been 18,900. According to German trade ...
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Jjb Plans To Raise £50 Million, But How?
Confirming that it wants to raise at least £50 million (€58.0m-$80.9m) to help fund its turnaround, JJB Sports said one of the options would be the placement of company shares and an open offer for new ones. According to a report that could not be confirmed, the shares would be ...
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Robert Louis-dreyfus, Former Owner And Turnaround Artist At Adidas, Has Died
Robert Louis-Dreyfus, the charismatic and unconventional French-Swiss billionaire who acquired and turned around Adidas in the mid-1990s, died on July 4 of leukemia, a disease against which he had been fighting for many years. He was 63 years old, and we knew him well. Louis-Dreyfus sold most of ...
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Geox’ Head Finds More Debt Than Expected At Diadora
Mario Moretti Polegato, the founder and main shareholder of the shoe manufacturer and retailer Geox, has found more debt than expected at Diadora as he is taking over a large part of its activities through his own investment company Sviluppo 3, renaming the business as Diadora Sport. The debt amounts ...
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Kamik’S Owners Buy 50% Of Aku
The families that own these two brands have decided to set up a 50-50 joint venture, called Aku Italia, that will take over all the assets of Aku, a leading Italian producer of outdoor boots in Montebelluna that has been trying to complete a gradual transition from the status of ...
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Jaked Ties Up With Yamamay
Jaked, the new Italian start-up that has developed a much-publicized all-polyurethane seamless swimsuit worn by several champions (see previous issues of SGI Europe), confirms a report that Inticom, the Italian producer of lingerie and beachwear behind the Yamamay and Carpisa brands, has acquired a controlling stake in the company. ...
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Marker-völkl Teams Up With Dalbello
Marker and Völkl, the brands of skis and bindings owned by K2 and ultimately by Jarden Corporation, are going to be distributed together with Dalbello’s ski boots in several important markets, effective January 1, 2010. The two groups will also be looking for additional synergies in product development, marketing and ...
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Tecnica Group Makes Big Statements In Outdoor Shoes
The Italian group is launching an interesting new category of comfortable, athletic-inspired outdoor shoes under the Tecnica brand, called the Tecnica Rolling System. This is one of the first initiatives undertaken by the Tecnica Group to achieve a corporate goal of taking outdoor, in-line skating and other summer-based sports ...
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More Reshuffling At Vf
Patrik Frisk, until now the head of the operations in Europe, the Middle East and Africa for The North Face, has been promoted to president of VF Corporation’s Outdoor & Action Sports unit for the EMEA region. He will report in this new role to Karl Heinz Salzburger, president of ...
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Holland Is Hi-tec’S New Dutchman For The Netherlands
Hi-Tec has teamed up with Anton Holland, a well-known businessman in the Dutch sports business, to distribute the sports brand in the Netherlands from the beginning of July. The tie-up brings together two of the most prominent Dutchmen in the sports business, Holland and Frank van Wezel, who established Hi-Tec. ...
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Abacus’ New Deal Will Expand It Into U.S.
The Swedish golf apparel brand has signed an agreement with Caulfeild Apparel, a Canadian distributor, to sell its products in both Canada and the United States. Abacus will gain exposure in the U.S. market as the brand worn by the European team at the Solheim Cup, to be held in ...
