Latest Headlines – Page 499
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Freak First Quarter For Cutter & Buck, Which Launches New Brand
The traditionally conservative golf company is looking to grab younger, more fashionable consumers with a new brand of golf-inspired sportswear, called “CBUK”. Cutter & Buck says that the line, which is being launched for Spring 2007, is made with high-tech fabrics and uses unique design elements. The company’s 1st ...
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Ashworth Turns Around, Loses Ceo
Further evidence that Ashworth may be seeking new owners is provided by the departure of the company’ chairman and chief executive, Randall L. Herrel Sr.. He will leave Ashworth on Oct. 17 after ten years with the company, and his responsibilities will be taken over by several other executives within ...
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Peak Performance Will Push The Golf Segment After A Strong Year
The most sports-oriented apparel line of IC Companys, Peak Performance, expects to make a stronger push into the golf market during the company’s 2006/07 financial year, which began on July 1. The Swedish brand continues to do well outside Scandinavia in general, growing especially in the Benelux countries, Austria and ...
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Head Moves Into Badminton
The goal is to rapidly become the second-largest player in the badminton market after Yonex by using the group’s well-oiled distribution network, by offering a complete package of products including shuttlecocks, clothing and footwear, and by adapting the technologies already developed in the highly competitive tennis sector to its future ...
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Land Puzzle Doesn’T Prevent Elan From Expanding
Elan, the Slovenian ski and marine company, is urging the country’s authorities to solve a decade-old land ownership issue. Igor Umek, chief executive of Skimar, the holding company above Elan, complained about the bizarre situation as he outlined plans to invest €2.6 million in the production facilities of the marine ...
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There Is Still A Big Question Mark On The Anti-dumping Duties
The suspense about the European Union’s anti-dumping duties on Chinese and Vietnamese leather shoes will likely last until the Council of Ministers of Oct. 5, the day before the present provisional duties are set to expire. Athletic footwear (STAF) should still be exempted, but the lifestyle shoes of many sports ...
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Brown Shoes Grew By 10.0% Last Year
A closer analysis of the three charts published in the Sept. 7 issue of SGI Europe, showing the variations in the sales and market shares of 71 brands of comfort, fashion and outdoor casual shoes in 2005, indicates that the total “brown shoe market” grew last year by 10.0 percent ...
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Mixed Performance For Brown Shoes In 2005 As The Athletic Mega-brands Respond
The “rugged outdoor footwear” market grew by 12.5 percent in 2005 to $2.46 billion at wholesale, according to our annual research into the branded brown shoe market, made in cooperation with SGI America and with our sister publication, Shoe Intelligence. While Timberland continued to lead the category, the growth was ...
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Street Shoes And Clothing Save Montebelluna’S Sports Industry
The production of sports apparel and footwear by the companies located in the Montebelluna region of Italy increased last year by 1 percent in value and by 4.9 percent in volume, according to the annual OSEM report released a few weeks ago. The data include the production outsourced abroad by ...
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Eu Threatens Legal Challenges If Antidumping Proposal Is Not Accepted
The governments of the 25 member countries of the European Union were given last week one last chance to support the same proposal on anti-dumping measures against Chinese and Vietnamese leather shoes that they had rejected by a thin majority at the beginning of August. If there is no simple ...
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Go Sport Cuts Down Its Losses And Outperforms The French Market
In reporting its results for the 1st half of 2006, ended June 30, the French sporting goods retailing group pointed out that its net losses have been narrowed to €8.5 million, as compared to €9.3 million in the 2005 period. After a brilliant month of July in its stores and ...
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Stiga Widens The Scope Of Its Business
Sweden Table Tennis AB, the Swedish company behind the Stiga table tennis brand, has changed its name after acquiring the Stiga games business and the rights to the brand for the entire sports category. Under the new name of Stiga Sports, the enlarged company will have an annual turnover of ...
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Adidas Takes Full Control In Korea
Adidas has taken over full control of its operations in South Korea by buying out the 49 percent stake owned by its partner Hyun Woo Kim in their joint venture, which was already controlled at 51 percent by Adidas. Finalized last week, the move enables Adidas to tighten its grip ...
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Adidas Settles With German Players
Adidas has caved in to the demands of German football players who threatened to revolt unless they were given the right to choose their own footwear when playing for the national side. In exchange, Adidas has obtained an extension of its deal with the German football federation (DFB) until 2014. ...
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England Team Jerseys Boost Umbro’S Revenues, But Not Its Gross Margin
The World Cup drove Umbro’s revenues to an increase of 42.2 percent to £249.3 million (€366.6m-$468.9m) in its 1st half, ended July 2. However the gross margin dropped by 130 basis points to 54.4 percent due to retail consolidation in the UK and because the company’s England team jerseys, which ...
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Vf Promotes Salzburger, Forms Joint Venture In India
VF Corp. has expanded the responsibilities of Karl Heinz Salzburger, the Italian executive who has been in charge of its growing Outdoor Coalition outside the Americas since 2001, to include responsibility in the same territories for its large jeanswear business, consisting of important brands such as Lee, Wrangler or HIS. ...
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Improving Fenix Outdoor Gets Out Of The Norwegian Retail Market
Combining its wholesale and retail sales, the Swedish outdoor company raised its total net revenues by 15 percent to 368.6 million kroner (€39.5m-$50.5m) in the 1st half ended June 30, generating a 14 percent better net profit of 28.8 million SEK (€3.1m-$4.0m), as compared to the same period a year ...
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Fjällräven Banks On Fabrics And Trousers
Martin Axelhed, the 30-year-old executive who took over the helm for the Fjällräven brand from Ake Nordin last January, has mapped out investments in a number of areas for the next years. Stretching until 2010, the plan will be unveiled over the next few weeks to the staff of the ...
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Bergans Is Challenging Helly Hansen’S Leadership In Norway’S Outdoor Market
Bergans Fritid, the Norwegian firm which claims to have invented the rucksack back in 1908, saw its sales grow by 33 percent in 2005 to a record level of 211 million Norwegian kroner (€26.7m-$32.3m), not including a licensing contract in the USA, and after an exceptionally good first half of ...
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Li-ning Is Eager To Grow Outside Of China
There is evidently a potential for a stronger role by this Chinese brand outside its big home country, considering especially its success on the Norwegian market through a recently new distributor, Fair Deal. By backing the Li-Ning brand with TV and radio advertising and by offering goods margins, it managed ...
