Latest Headlines – Page 473
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Basicnet Boosts Aggregate Sales But Net Profit Slips
The aggregate sales of BasicNet’s network of licensees jumped by 16.29 percent to €130.6 million in the first half but net profits slipped to €4,168,000 from €26,169,000 as last year’s bottom line was boosted by a €27,083,000 pre-tax gain stemming from the sale of the Kappa and Robe di Kappa ...
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Adidas Will Sponsor London Olympics
Adidas has unveiled a deal worth about £100 million (€143m-$200m) to become one of the lead sponsors of the London Olympics in 2012. Under the agreement, Adidas will provide three-striped outfits for about 70,000 officials and volunteers, it will be the exclusive supplier of branded and unbranded sports merchandise at ...
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Microsoft And Quiksilver Team Up To Redesign E-commerce
Quiksilver Europe launched its state-of-the-art e-shopping website after much build-up over the past few weeks, teaming together with Microsoft France to employ the latest internet technology. The website will allow users in the European markets served by the subsidiary to shop, chat with Quiksilver’s board-riders and view major board riding ...
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Kjus Hooks Up With Bode Miller
Kjus, the skiwear brand named after the Norwegian skier Lasse Kjus, has struck a sponsorship deal with an even more famous skier, Bode Miller, for an undisclosed sum. With immediate effect, the high-profile American skier will wear Kjus apparel anywhere outside the so-called red zone imposed by the International Ski ...
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Eu Will Likely Drop Restrictions On Chinese Textile Imports
The office of European Trade Commissioner Peter Mandelson has reportedly informed the Italian government that he does not consider likely the extension of the European Union’s current restrictions on the import of Chinese textiles and apparel and that existing quotas will be lifted as planned next Jan 1. Introduced ...
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Sports Direct Gives Few Figures, Makes More Investments
Sports Direct International (SDI), the British sports retail and wholesale conglomerate, infuriated analysts with yet another set of opaque figures. Coupled with a rather bleak profit warning by JJB Sports a few days later, the relative lack of transparency caused a further decline in the company’s share price on the ...
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Jjb Sends Out A Profit Warning
JJB Sports saw its own share price take a 16 percent dive after a warning to investors ahead of a formal release of its results the 26 weeks to July 29, but the stock gained a couple of percentage points soon after, settling around £1.72 a share. The company’s statement ...
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Umbro Tries To Offset Big Drop In The Uk
Umbro suffered a big hit during the first half ended July 1 in the UK, where its England jerseys are not selling as well as before. The sell-through of England replica jerseys was disappointing during the critical summer months, and while the current order book shows that licensed licensed apparel ...
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Quik Reports Low Margins And Good Orders For Rossi, Which May Be Sold
Officials of the Quiksilver group decline to comment on a report by Frédéric Tain’s sport-guide.com that Jean-François Gautier, chief executive of Rossignol since July 2005, and at least two other candidates have made offers to take over various assets of its Rossignol subsidiary, whose poor results have led to a ...
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Puma's New Parent Raises Profits Sharply
Jochen Zeitz, chief executive of Puma, was appointed from the beginning of September as a member of the executive committee of PPR and as a non-voting member of its supervisory board, following the French retail and luxury conglomerate’s acquisition of a 62.1 percent stake in the company. Outlining ...
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Mammut Buys Out Own Goods From Supermarkets With The Help Of Clients
In an unusual action, Mammut Sports Group has asked its retail customers to re-purchase its own climbing products (helmets, harnesses etc.) from Interspar, the Austrian food chain. According to Mammut, the items had made their way into the Austrian supermarkets and hypermarkets served by Interspar from third countries. Mammut asked ...
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Canterbury Launches New Technology
Canterbury of New Zealand has formally launched a new base layer concept for team sports, said be “revolutionary,” in conjunction with the Rugby World Cup in France. Called IonX, it is described by the rugbywear brand as the third generation of its BaseLayer line of garments. It will be worn ...
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H2 Enters The Rugby Market With The World Cup
H2, a new French rugby brand, is the official supplier of the Georgian and Canadian teams in the current Rugby World Cup. It may have a hard time in its home market depending on the results of a scheduled match between the Georgian and the Swoosh-equipped French team that may ...
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Serving Grassroots, Kukri Expects 50% Growth This Year
This private U.K.-based apparel brand anticipates a turnover of £12 million (€17.5m-$24.4m) for this year, sharply up from £8 million in 2006. It’s not a bad score for a company that didn’t exist nine years ago. Kukri manufactures for 52 sports, but its explicit goal is to lead the world ...
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Australia’S Skins Broadens Its Attack On Europe
Skins, an Australian brand of compression garments that broke through in the British market with striking marketing tactics last year, is preparing similar moves in several European countries in September. The brand’s managers believe it should reach sales of at least €40 million across Europe within three years, targeting independent ...
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Fila Signs New Licenses
Acting through Fila Luxembourg, which holds the rights to the brand, the group’s new Korean-based owners have signed two important territorial licensing deals in the last few days in Latin America and in Asia. DASS Group of Brazil, a shoe manufacturer with 10 factories in the country, has become the ...
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Li-ning’S Revenues Rise By 39%
The company’s turnover went up by 39.2 percent to 1.91 billion renminbi (€183.7m-$255.0m) and its net profit increased 52.6 percent to CNY198.3 million (€19.1m-$26.5m) for the six months ended June 30. Sales of Li-Ning branded products rose by 37.5 percent to CNY1.88 billion (€180.7m-$251.1m). Revenues under the licensed ...
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Anta Triples Sales
Anta Sports Products, which claims a 3.2 percent share of the Chinese sports footwear and apparel market; is yet another big Chinese producer/wholesaler/retailer involved in the sporting goods market that went public recently, in the wake of Belle International and other such companies. Anta says its turnover jumped by 203 ...
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Heelys Launches Clothing While Its Shoes Get Adverse Publicity
This hot American brand of wheeled shoes is suffering from a sudden drop in demand in the U.S. market following reports of injuries caused by wearing its footwear and claims by some leading retail chain that the brands is over-distributed. U.S. retailers have reportedly been sitting on large inventories of ...
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Women’S Market Drives Ronhill
The British running brand achieved a whopping sales increase of more than 20 percent last year, as its investments in the fast-growing women’s running market have begun to pay off. Although it only introduced its women’s ranges 5 years ago, Ronhill is fast catching up with Nike and Adidas in ...
