All News briefs articles – Page 1073
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News briefs
At Mizuno, operating income improved by 13 percent to ¥3.56...
At Mizuno, operating income improved by 13 percent to ¥3.56 billion (€21.9m-$30.1m) for the quarter ended June 30 while revenues rose by 7.5 percent to ¥46.92 billion (€288.0m-$396.6m). Net income fell by 44 percent to ¥2.30 billion (€14.1m-$19.4m). For the full first half, the company is currently forecasting an operating ...
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News briefs
Simon Hawkins, a British executive who spent 15 years at...
Simon Hawkins, a British executive who spent 15 years at Reebok and previously worked for Umbro, is named vice president of licensing and sales for Global Brands Group EMEA (Europe, Middle East, Africa). FIFA has given Global Brands the job of managing its global licensing operations and to operate exclusive ...
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News briefs
Cybex International raised it sales by 15.7 percent to $34.7...
Cybex International raised it sales by 15.7 percent to $34.7 million in the 2nd quarter, with strong performance in both strength and cardio products. The gross margin declined by 110 basis points to 35.1 percent. Net profit was down to $1.1 million from $16.1 million a year ago, mainly because ...
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News briefs
The gross margin declined by 160 basis points to 48.2...
The gross margin declined by 160 basis points to 48.2 percent at Volcom for the 2nd quarter ended June 30, but it would have increased by 80 basis points without the costs incurred to start up its new European operation. Total revenues were up by 25 percent to $57.7 million, ...
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News briefs
The net loss recorded by Timberland for the 2nd quarter...
The net loss recorded by Timberland for the 2nd quarter ended June 30 was $19,226,000, up from $16,622,000 in the same period a year ago. The operating loss increased by 56 percent to $31,459,000, while total revenues declined by 1.1 percent to $224.1 million. In terms of constant currencies, sales ...
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News briefs
Callaway Golf has reported a 63 percent increase in net...
Callaway Golf has reported a 63 percent increase in net profit to $36,639,000 for the 2nd quarter ended June 30 on 11 percent higher revenues of $380,017,000. The gross margin rose by 25 percent, going up from 41 to 46 percent as compared to one year ago, thanks to inventory ...
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News briefs
Invest AG, a subsidiary of Raiffeisenlandesbank Oberösterreich, has acquired 77...
Invest AG, a subsidiary of Raiffeisenlandesbank Oberösterreich, has acquired 77 percent of the shares in the Austrian branch of Eduard Kettner, a retailer specialized in products for the outdoor, hunting and horse riding. The seller, who keeps the rest of the equity, is Heribert Sendlhofer. He had purchased in the ...
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News briefs
Sportmarket AB has become the exclusive distributor of Kombi’s sports...
Sportmarket AB has become the exclusive distributor of Kombi’s sports gloves in Europe. The large Swedish distributor has secured sub-distributorships and other types of partnership in Sweden, Norway, Finland, Denmark, the UK, France and the Czech Republic. Other contracts are under negotiation. Kombi is an American brand of ski gloves ...
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News briefs
About one year after its acquisition of Edelrid, the German...
About one year after its acquisition of Edelrid, the German ropes company, VauDe has decided to bundle all its climbing equipment under Edelrid. VauDe previously sold equipment under the Lucky and Markill brands, but from next year the Lucky brand will no longer be used. Due to its strong reputation ...
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News briefs
Wintersteiger has acquired SRC, an Austrian developer of software for...
Wintersteiger has acquired SRC, an Austrian developer of software for ski rentals that will be combined with its own Easyrent operation, making the company the biggest supplier of this sort of software in Austria. The company admits that the poor winter will have a negative impact on its sports division, ...
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News briefs
Garmont North America has acquired Life-Link Backcountry Travel, a U.S....
Garmont North America has acquired Life-Link Backcountry Travel, a U.S. company that develops and markets ski and trekking poles as well as avalanche shovels and probes, for a reported $1 million. The former owner, Life-Link International, continues to own and market the Croakies brand of accessories.
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News briefs
Garmin has acquired its Spanish distributor, Electronica Trepat, retaining its...
Garmin has acquired its Spanish distributor, Electronica Trepat, retaining its management and staff. The American supplier of GPS equipment previously took over its distributors in France and Germany. In the 2nd quarter, Garmin reached total sales of $742 million, up 72 percent from the level of one year ago, but ...
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News briefs
Acushnet, the golf division of Fortune Brands that consists of...
Acushnet, the golf division of Fortune Brands that consists of Titleist, Cobra Golf and FootJoy, reported operating income of $88.6 million for the 2nd quarter ended June 30, up 7.9 percent from the same period a year ago. Its sales jumped by 11.5 percent in this seasonally strong quarter to ...
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News briefs
Robert Louis-Dreyfus, former chief executive and shareholder of Adidas, has...
Robert Louis-Dreyfus, former chief executive and shareholder of Adidas, has bought out several of his relatives in Groupe LD, thereby taking over control of the family-owned conglomerate. He lifted his stake from 16.7 percent to 55.6 percent, in a discreet transaction that values Groupe LD at about €2.7 billion, excluding ...
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News briefs
Sport Eybl Sports Experts AG (EAG), Austria’s leading sporting goods...
Sport Eybl Sports Experts AG (EAG), Austria’s leading sporting goods retailer, is facing another change in its top management. Holger Schwarting, executive board member in charge of business development and expansion, will leave the company by the end of August at his own wish. Schwarting joined EAG in May 2006, ...
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News briefs
Under Armour has also improved its forecasts for this year,...
Under Armour has also improved its forecasts for this year, after a strong first half. Its sales should reach $580-590 million, generating income from operations of $79.0-81.0 million.For the 2nd quarter, the young American brand reports a rise of almost 136 percent in net income to $5,712,000 on 51 higher ...
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News briefs
K-Swiss’ management indicates that its international expansion appears to be...
K-Swiss’ management indicates that its international expansion appears to be softening, although further growth is expected once the brand decides to enter new markets in Europe. The company’s total sales fell by 17.5 percent to $102.5 million in the 2nd quarter as a 13.2 percent increase to $48.8 million was ...
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News briefs
The Supreme Court of California has banned the sale of...
The Supreme Court of California has banned the sale of soccer boots made of kangaroo leather in a suit brought against Adidas, Sport Chalet and a local retailer of soccer products by an animal conservation association, Vegetarians International Voice for Animals (Viva!). Adidas had argued that kangaroo leather should not ...
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News briefs
Zimtstern, a young brand of boardsports clothing based in Zurich,...
Zimtstern, a young brand of boardsports clothing based in Zurich, is investing in its global sales force. Mike Wicki, so far international sales manager, will focus on overseas markets in North America and Japan as well as on Russia and the UK. Newly responsible for the Continental European markets (especially ...
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News briefs
One year and five days before the start of the...
One year and five days before the start of the Beijing Olympic Games, Nike has opened a 13,000-square-foot flagship store in the capital in the presence of Charlies Denson, president of the Nike brand, and of Liu Xiang, the first Chinese track & field athlete to have won a gold ...
