Latest Headlines – Page 431
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Italy Extends Bike Incentives
The Italian government has decided to extend incentives for bicycles and e-bikes and expects that the funds will lead to the purchase of 120,000 new units. The environment ministry said that that it will add €10 million to finance the incentives after the previously allotted €8.75 million was spent. The ...
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Outdoor Show Is About To Break Last Year’S Record
As of May 13, Messe Friedrichshafen has reported a total number of 779 exhibitors from 39 nations booked for the OutDoor show that takes place from July 16 through 19. These exhibitors represent more than 1,000 brands, and nearly 80 percent of them are from outside Germany. While there are ...
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New Ceo For Fila Emea
His name is Emanuele Pedrotti. The 45-year-old Italian management consultant replaces Jan Valdmaa, who has become the new chief executive of O’Neill, as reported in the last issue. Valdmaa acted as CEO of Fila EMEA on an interim basis, after the departure last year of Stefano Di Martino, and he ...
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Adidas Takes New Action To Cut Costs
After a rough first quarter, Adidas Group has started implementing cuts that will cost about €100 million and another 500 to 600 jobs by the end of the year. The restructuring moves, which were accelerated due to the economic downturn, are meant to yield annual cost savings of more than ...
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Adidas Is In For A Rough Year
Adidas Group’s sales dropped slightly and its earnings nearly evaporated in the first quarter of this year – although this collapse was caused to a large extent by one-off hits – and the management warned that its results were bound to deteriorate this year. The Adidas group was hurt ...
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Npd Found Big Declines In The European Market In 2008
By courtesy from the NPD Group, which is developing new market research services in the sporting goods sector to suit the needs of all kinds of companies, we are publishing here the general figures that it has compiled for the sports footwear and apparel markets of the five major European ...
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Puma May No Longer Be That Sexy, But Is Still Very Strong
It seems the time has passed when this sport and lifestyle brand regularly showed strong double-digit growth, but Puma – given the difficult economic environment – still manages to present impressive figures in terms of operating profit and cash. In the first quarter of 2009, its global branded sales, which ...
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New Structure At German Intersport Aims To Better Serve Its Members
The German Intersport organization has announced major changes in its internal structures. The group, directed by Klaus Jost and Kim Roether, has installed a new business unit in charge of distribution. The idea behind the plan is to steer the headquarters even more into the direction of being market- and ...
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Austrian Sport 2000 Wants Fresh Money; Partial Pull-out From Hungary
Zentrasport, the Austrian partner of Sport 2000, has decided to adjust its strategy in Central and Eastern Europe, including halting its regular business in Hungary. Its existing retail partners in the country will continue to receive Sport 2000’s exclusive brands and branded special make-ups, but all other supply activities will ...
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More Bad News From K-swiss, Which Sells Royal Elastics
K-Swiss’ sales decreased by 24.8 percent for the first quarter to $74.0 million, although $7.4 million of that came from the newly acquired Palladium. K-Swiss reported a loss of $1.1 million for the period, ended March 31, compared with income of $7.1 million last year, with a $58,000 loss at ...
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Hummel Makes Big Strides
The Danish company reports a near doubling in its operating profit last year to 27 million Danish kronor (€3.6m-$4.9m), up from 14 million DKK. The jump was driven by a sales increase of 30 percent in Hummel’s European operations to a figure that is understood to be higher than €100 ...
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Musto Goes Lifestyle
Another former Reebok executive in the U.K., Andy Towne, is shaking things up at this British company, known for its very technical sailing apparel, extending the brand into the lifestyle sector and developing its direct-to-consumer sales apparatus. These efforts are mainly concentrated on the U.K. market for the moment, making ...
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Bushnell Buys The Cebe Brand
Marcolin has agreed to sell its Cébé brand to Bushnell Outdoor Products, complementing its Bollé and Serengeti lines of eyewear. Bushnell says the acquisition will allow the American company to differentiate its product lines and its distribution channels with a brand that is well known in the areas of snow ...
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Crocs Predicts Profits In 2010
A 32 percent drop in sales at Crocs to $134.9 million led to a net loss of $22.4 million, nearly five times the $4.5 million loss from the same period in 2008, but the company’s new management, led by John Duerden, expects to reach profitability in 2010. Retailers cut ...
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Head’S Winter Sports And Diving Businesses Bring Down Numbers
Hit by double-digit sales declines in its winter sports and diving units, Head reported total revenues down by 7.2 percent to €57.2 million for the first quarter ended March 31. In constant currencies, the drop was over 10 percent. The company ended with a net loss of €11.8 million compared ...
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Fischer Seems On Its Way To Recovery
After a difficult period of re-structuring and two poor winter seasons that especially affected the cross-country business, Fischer is back on track. While the turnover slipped slightly from €134 million to €133 million in the fiscal year ended Feb. 28, earnings before interests and taxes (Ebit) turned from a fat ...
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Wintersteiger Reports Record Sales; Expects Challenging Year
Wintersteiger, the big fish in the small pond of the ski maintenance and storing business, managed to increase its sales to another record result in 2008. Overall turnover improved from €84.5 million in the previous year to €91.5 million. Sales grew faster abroad than in the Austrian domestic market; exports ...
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Slump Seen At Volcom In First Quarter
Consolidated sales dropped at Volcom by 15.3 percent to $68.3 million in the first quarter, falling in all three segments. European sales were down by 14 percent to $21.7 million – a drop of 1 percent in constant currencies. Revenues in the U.S. segment, which also includes Canada, Japan, most ...
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Red Ink Covers Callaway’S Quarterly Results
Callaway Golf Company is suffering from the current economic climate, with sales dropping across all product categories and in all geographical regions for the first quarter ended March 31. Overall, revenues fell by 25.8 percent to $271.9 million, and net income plunged by 82.8 percent to $6.8 million. The gross ...
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Brunswick Finds More Trims In Costs As Sales Fall
Brunswick Corporation faced a 45.4 percent drop in revenues to $734.7 million for the first quarter ended April 4, with sales from the fitness segment falling by 20.5 percent to $118.6 million. Operating earnings at Life Fitness sagged to $300,000 from $8.1 million, including $1.0 million in restructuring charges. Sales ...
