All News briefs articles – Page 1010
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News briefs
Easton-Bell Sports had sales 9.1 percent higher than the year...
Easton-Bell Sports had sales 9.1 percent higher than the year before for the fourth quarter, hitting $169.2 million. Among its divisions, team sports grew by 5.6 percent and action sports rose by 13.1 percent. For the full year, the company overall had a 7.0 percent increase in sales to $775.5 ...
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News briefs
Shimano expects that its 2009 financial year is going to...
Shimano expects that its 2009 financial year is going to be significantly worse than its successful 2008. Coming after a year with 25 percent growth in net income and 11 percent increase in sales, 2009 is forecast to have a 12.8 percent drop in total sales and an 11.9 percent ...
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News briefs
Jack Wolfskin, the German outdoor brand, reached sales of €205.5...
Jack Wolfskin, the German outdoor brand, reached sales of €205.5 million in 2008 – 30 percent more than in the previous year. The growth in the brand’s most important market, Germany, was in line with the company’s global growth, followed by Austria and Switzerland with growth rates of 32 and ...
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News briefs
Orange 21 has extended its $7.6 million rights offering whereby...
Orange 21 has extended its $7.6 million rights offering whereby owners of its common stock, options and warrants are entitled to purchase additional common shares in the company at $0.80 each. A total 9,544,814 rights will be distributed by the company, which owns the Spy brand of eyewear; the offer ...
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News briefs
The Japanese company Descente reported an 8 percent decline in...
The Japanese company Descente reported an 8 percent decline in net income to ¥2.27 billion (€18.1m-$23.1m) for the nine months ended Dec. 31 with results hurt by a stronger yen. Total sales dipped by 1.15 percent to ¥59.58 billion (€475.4m-$607.5m), although sales of golf wear and other apparel were said ...
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News briefs
According to a top Chinese football official, Lv Feng, China’s...
According to a top Chinese football official, Lv Feng, China’s Super League, the country’s highest tier in professional football, is in discussion with Nike for a 10-year sponsorship deal worth $200 million. The organization has already agreed to an initial endorsement worth $15 million for 2009, which will provide all ...
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News briefs
KPMG, which was appointed administrator for JJB Sports’ lifestyle division,...
KPMG, which was appointed administrator for JJB Sports’ lifestyle division, consisting of its Original Shoe Company and Qube, is reportedly planning to close 46 of the 77 stores. Any inventory remaining after these are closed will be sold by the 31 shops left open as KPMG seeks a buyer. Almost ...
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News briefs
Arena’s management has not yet decided whether to go all...
Arena’s management has not yet decided whether to go all the way to the French Supreme Court after the Appeals Court of Bordeaux confirmed a lower court’s verdict regarding the shutdown of its Libourne factory in March 2007. While reducing the assessed damages to €3 million from €4.8 million, the ...
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News briefs
Rawlings Sporting Goods Company is alleging trademark infringement in a...
Rawlings Sporting Goods Company is alleging trademark infringement in a U.S. District Court in Missouri. Rawlings, maker of the Blue Dot Titan and Red Dot Titan marks for softballs, says that last summer Easton Sports started making bats for softball and baseball that were branded Titan. Rawlings wants all of ...
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News briefs
Schiesser, the big German brand for bodywear that also offers...
Schiesser, the big German brand for bodywear that also offers functional underwear for sports purposes, has filed for insolvency. The receiver is Volker Grub from Stuttgart. The company partially explains the step by stating that it had some financial liabilities in activities that were not part of Schiesser’s core business ...
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News briefs
Amer Sports has decided to launch a hybrid capital issue...
Amer Sports has decided to launch a hybrid capital issue of €60 million to reinforce the group’s capital structure and help to pay down debt. The yearly coupon has been set at 12.0 percent. There is no maturity date, but the company may call the bond after three years. A ...
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News briefs
A seasoned senior American executive, John Duerden, who served as...
A seasoned senior American executive, John Duerden, who served as president and chief operating officer of Reebok International from 1990 until 1995, is taking the helm of Crocs on March 16, when he will replace Ron Snyder as president and CEO of the Colorado company. Snyder, who is retiring, will ...
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News briefs
John Shanley, one of the industry’s top analysts covering the...
John Shanley, one of the industry’s top analysts covering the footwear, apparel and and golf sectors, died on Feb. 15 at his home after a long battle with cancer. He was 65. Very international-minded, he visited Europe frequently and asked top managers about details on their results in individual countries ...
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News briefs
Charith Senanayake, head of marketing at Sri Lanka Cricket, announced...
Charith Senanayake, head of marketing at Sri Lanka Cricket, announced a nearly final deal with Reebok India on being supplied new uniforms for test matches, One Day Internationals and Twenty20 matches. If signed, it will be a three-year contract beginning April 1, 2009. SLC has also recently signed another $5 ...
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News briefs
Puma has appointed Mark Coetzee to be the program director...
Puma has appointed Mark Coetzee to be the program director of PumaVision and the chief curator of puma.creative. One of his tasks is to realize and expand puma.creative projects in Africa, and his office is based in Kenya. PumaVision united all of Puma’s initiatives for corporate social responsibility. Puma.creative helps ...
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News briefs
Wintersteiger, the Austrian manufacturer of facilities for storage and maintenance...
Wintersteiger, the Austrian manufacturer of facilities for storage and maintenance of snowsport equipment, has taken on the Austrian distribution for Conform’able, Sidas’ brand for functional soles. The company’s Italian operations have already been in charge of Conform’able in Italy for the last two years. Wintersteiger takes over effective for the ...
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News briefs
The first edition of the Global Sports Forum Barcelona was...
The first edition of the Global Sports Forum Barcelona was held on Feb. 25 over two and a half days. More than 900 participants from 45 countries came together in order to debate three main themes: sport in a changing economic context; sport as an agent of social progress; sport ...
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News briefs
Bovag, the organization for the Dutch bicycle business, reports that...
Bovag, the organization for the Dutch bicycle business, reports that sales increased by 7 percent in 2008 to reach more than €905 million. This was entirely due to higher selling prices, since volumes decreased to 1.3 million bicycles last year compared with 1.4 million units in 2007. The average selling ...
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News briefs
Quiksilver has named James G. Ellis to its board of...
Quiksilver has named James G. Ellis to its board of directors. He is the dean of the Marshall School of Business at the University of Southern California. His previous business experience includes vice president for merchandising for the Broadway Department Store chain and president and chief executive of American Porsche ...
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News briefs
Röhnisch, the Swedish fitness brand, has started “Team Up,” a...
Röhnisch, the Swedish fitness brand, has started “Team Up,” a marketing campaign on its website to encourage users to train regularly at home through three different fitness programs. Beach 2009 is designed to lose weight, Go Green is designed to give golf players a firmer arm swing and Rosa Tappa ...
