Latest Headlines – Page 471
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Double-digit Growth For The World’S Major Retailers
The world’s largest 64 sporting goods chains experienced an 11.7 percent sales increase in dollars to $54.5 billion in 2006, with an average weighted increase of 11.4 percent in local currencies, according to an annual survey by Sporting Goods Intelligence, published on page 5 of this issue. They came to ...
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Amer Reports Flat Sales
Amer Sports’ consolidated sales declined by 2 percent to €462.8 in the 3rd quarter ended Sept. 30, but they would have been better if some of Wilson’s sales of team sports products had not been shifted to the 4th quarter because of the implementation of an SAP platform. For the ...
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Macgregor Golf Goes Through A Recapitalization
The refinancing package, whose details were not disclosed, could help the company to make new acquisitions inside and outside the sporting goods sector, according to well-informed sources. There is speculation that MacGregor Golf, may be one of the candidates to the takeover of Cleveland Golf, the former property of Rossignol ...
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New Owners And Management For Dale
Propago, a private equity investment firm based in Norway, bought a 67 percent stake in Dale of Norway last June, with a plan to help revitalize its flagging sales. Under Tor Anderson, who replaced Olav Munch as managing director in connection with the change of ownership, this vertically integrated Norwegian ...
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Good Quarter For Vf Corporation
VF Corp. has reported a 5 percent rise to $207,207,000 in net income for the 3rd quarter, which ended Sept. 29, while total revenues grew by 15 percent to $2,053,136,000, with 9 percent growth excluding acquisitions. Gross margins and operating margins both increased by 10 basis points, and income from ...
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Bad Summer Lowers Lafuma’S Sales Growth
A rainy summer season affected the sales of many European outdoor retailers, leading the French outdoor group to post lower than expected results in the 4th quarter, ended Sept. 30, aside from better performance at two of its brands, Oxbow and Le Chameau. The Lafuma brand had a particularly ...
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Oakley Posts Good Results Ahead Of Merger
No questions were asked by financial analysts during what was probably Oakley's last conference call with analysts, where the management commented its financial results for the 3rd quarter ended Sept. 30. It only lasted 23 minutes. In the last few days Oakley’s acquisition by Luxottica was approved by regulatory authorities ...
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Golf Europe Shows Progress
The well-consolidated European golf trade fair went relatively well. Despite its divorce from Fairways, which was held simultaneously in the Munich fairgrounds one year ago, it recorded 7 percent growth in attendance, clocking 5,427 visitors. The proportion of foreigners grew to 50 percent of the visitors, with a notable increase ...
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John David Group Bucks Trend In Uk Retailing With Strong Growth
UK sports retailing may be suffering from declining consumer confidence, but you wouldn’t know it from the first half results of the John David Group. Pre-tax profits rose by 65 percent in the 26 weeks to July 28, reaching £5.33 million (€7.8m-$10.7m). Revenues climbed by 6.2 percent to £250.5 million ...
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Jjb Strikes Deals With Champion And Kooga, Considers Acquisitions
Just two weeks after issuing a profit warning, the new chief executive of JJB Sports is cautiously upbeat. Chris Ronnie plans to “re-energize” the company’s retail operations by changing the focus of merchandising and store layouts, by creating a new logo, and by abandoning the big-brand, store-in-store concept promoted by ...
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Intersport Is Serious About Sports, Too, Especially In France
An important new key word at Intersport France is “coaching,” and it may be adopted by some other national Intersport organizations around Europe as a way to express the notion of “expert advice” that the banner is trying to project as an element of differentiation, particularly against Décathlon, the national ...
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In Good Shape, Intersport Austria Takes Over Czech Partner
The Austrian retailers affiliated with Intersport Austria as well as their sub-licensed retail partners in the Czech Republic, Slovakia and Hungary managed to counter-balance a bad winter season with good sales in the summer. In the group’s fiscal year 2006/07, ended last Aug. 31, these 140 dealers reached retail sales ...
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Mike Ashley Adds Nevisport To Its Retail Portfolio
Sports Direct International, the British sports retail and wholesale group, has reportedly bagged yet another competitor with the acquisition of Nevisport, a Scottish outdoor chain of 12 technical outdoor and winter sports stores. Unconfirmed by either party last week, this move would mark another investment for Sports Direct in the ...
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Euro Shoe Sells Primo In Belgium To Usg
Unlimited Sports Group (USG), the Dutch sports retailer, has confirmed its acquisition of Primo Sport, a Belgian sports retailer, which had been first reported a couple of months ago. With Primo, USG is adding a network of 31 stores spread around Belgium and two others in Luxembourg, enabling the Dutch ...
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Decathlon Opens Geologic Village
Located at Cestas near Bordeaux, Décathlon’s new Geologic Village is the new design, development and purchasing center for products related to fishing, hunting and archery, representing an investment of €10 million. The 6,000-square-meter location hosts a team of more than 60 people, most of whom come from the retailer’s central ...
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Rapala And Shimano Strengthen Their Alliance
Shimano and Rapala VMC Corporation have set up a joint venture, based in Finland and controlled by Rapala, to handle sales of their fishing and bicycle products in Russia and the Ukraine. The two companies had until now worked together only in the area of fishing tackle. Consolidating the new ...
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Berghaus And Speedo Sign New Distributorships
These two subsidiaries of Pentland Group are trying to capture the advantages of working through multi-brand distributors in certain countries, considering that they can sometimes offer higher operating efficiencies in data exchange and other back-office functions by levering them across multiple brands, while strengthening their relationships with multi-brand accounts. This ...
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New Control Mechanism To Replace Cap On Chinese Textiles
The European Commission has decided to lift the existing limits on imports of certain Chinese textile products into the European Union at the end of 2007, as previously planned, and to replace them with a jointly-managed monitoring system set up in agreement with Chinese authorities. Due to operate through 2008, ...
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Puma Reorganizes Its Executive Board Under Zeitz
Chaired by François-Pinault, representing the company’s new majority shareholder, Puma’s supervisory board has decided to extend the mandate of Jochen Zeitz as chairman and chief executive ahead of schedule. The 44-year-old executive, a “Wunderkind” who got the job back in 1993, has agreed to hold it for at least five ...
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Major Management Changes At Vf
VF Corp. is promoting Eric C Wiseman, its current president and chief operating officer (COO), to become its chief executive (CEO) as from Jan. 1, 2008. Wiseman, 51, will replace Mackey J. MacDonald, who – although continuing to serve as chairman of the VF board – will work full-time on ...
