All News briefs articles – Page 1081
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News briefs
Groupe Go Sport raised its sales by 3.1 percent to...
Groupe Go Sport raised its sales by 3.1 percent to €182.7 million in the 1st quarter, with increases of 2.1 percent in France and 14.5 percent in Belgium and Poland. In France, sales grew by 0.5 percent to €142.7 million for the Go Sport chain, but they were off by ...
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News briefs
Under Armour’s net income increased by 13.8 percent to $9.9...
Under Armour’s net income increased by 13.8 percent to $9.9 million on revenue growth of 41.8 percent to $124.3 million in the 1st quarter. The improvement in revenues was primarily driven by the company’s “compression” segment, which includes its tight-fitting performance undergarments, as well as the additional $11.8 million in ...
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News briefs
On April 20, Mammut Sports Group (MSG) opened its first...
On April 20, Mammut Sports Group (MSG) opened its first franchised store in Kempten operated by a local retailer, Bergsport Maxi. Kempten is a medium-sized town close to the Alps in the Southwest of Bavaria. The downtown store will present on a net surface of 150 sqm the range of ...
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News briefs
A U.S. district court in California approved Orange 21’s agreement...
A U.S. district court in California approved Orange 21’s agreement to settle a securities class-action lawsuit that has been pending since March 2005. Through the settlement, $1.4 million will be paid to the class of plaintiffs and for the plaintiffs’ attorney fees, scraping the money from the insurance of the ...
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News briefs
Roughly 6,500 pairs of knock-off of the “Swerv” and “Sento”...
Roughly 6,500 pairs of knock-off of the “Swerv” and “Sento” models of Lacoste footwear have been seized at a warehouse in the UK. The haul is estimated to have a market value of £390,000 (€575,000-$775,000). Pentland Brands, which owns the Lacoste footwear license, is working with local police to determine ...
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News briefs
International Brand Licensing has entered a 6-year licensing agreement with...
International Brand Licensing has entered a 6-year licensing agreement with Khalid Al Amoudi Enterprises (KAA) to distribute the Admiral brand in the Gulf region of the Middle East. Admiral is the official kit supplier to the England and Wales and West Indies cricket boards, in addition to supplying to Leeds ...
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News briefs
At the recent annual meeting of Accell Group’s shareholders, a...
At the recent annual meeting of Accell Group’s shareholders, a dividend proposal was approved giving shareholders the option to receive €0.95 per outstanding ordinary share in either cash or shares. The payout ratio is 47.4 percent and the dividend yield is 3.7 percent, and both are based on the closing ...
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News briefs
Garmin has inked a letter of intent to acquire its...
Garmin has inked a letter of intent to acquire its long-time German distributor, GPS GmbH. The deal is subject to negotiations with Axel and Klaus Därr, shareholders of GPS. The German firm also acts as German distributor for various manufacturers of marine communication systems and satellite cell phones. GPS was ...
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News briefs
After two years of service as Mammut’s brand manager, Jürgen...
After two years of service as Mammut’s brand manager, Jürgen Schütte, will leave Mammut Sports Group (MSG) in August. Schütte’s reasons for this move are of a private nature. The former K2 Europe executive has been living seperated from his family during his time in Switzerland. So far, MSG’s brand ...
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News briefs
Brooks Sports has filed a lawsuit against Nike, Exeter Brands...
Brooks Sports has filed a lawsuit against Nike, Exeter Brands Group and Payless ShoeSource in a U.S. district court, alleging significant trademark infringement and unfair competition related to the Tailwind athletic footwear sold by Exeter, a subsidiary of Nike, and sold exclusively at Payless ShoeSource outlets. In the suit, Brooks ...
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News briefs
AKU, an Italian brand of outdoor and trekking footwear, has...
AKU, an Italian brand of outdoor and trekking footwear, has named Mirco Battaglia as sales manager for Italy and brand manager for the New Zealand Icebreaker brand, for which AKU is the sole agent in Italy. Battaglia previously held similar roles with Benetton Sportsystem, Marcolin, The North Face and Trudi. ...
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News briefs
Helly Hansen is expected to announce next month the name...
Helly Hansen is expected to announce next month the name of the person who is going to replace the departing Jan Valdmaa as its chief executive. Meanwhile the Norwegian company has a new man responsible for the Swiss market. Jean-Marie Ebener will direct HH’s Swiss sales from Zurich. His predecessor ...
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News briefs
The ISPO team has been reinforced with the arrival of...
The ISPO team has been reinforced with the arrival of Markus Hefter, a 37-year-old business economist who will take care of the outdoor sector together with the current community manager, Petra Griesel. He will report to Tobias Gröber, director of the ISPO exhibition group, who has been previously in charge ...
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News briefs
Hamax, a Norwegian company specializing in winter products and bicycle...
Hamax, a Norwegian company specializing in winter products and bicycle accessories, has introduced a versatile new accessory for bicycles that acts as a luggage rack, a bike bag, a child seat and a basket. Called the Hamax PLUS, the contraption uses a series of snaps, allowing the user to make ...
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News briefs
New Era Cap is opening its fourth European office in...
New Era Cap is opening its fourth European office in Milan. The new operation, like the ones in Paris and Cologne, will report to the European headquarters of the American company in London. New Era Cap will also open its fourth flagship store in London next month, adding to its ...
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News briefs
Double-digit sales growth in every region of the world except...
Double-digit sales growth in every region of the world except for the USA as well as strong sales of clubs in the 1st quarter have prompted Callaway Golf to raise its full-year sales and earnings guidance respectively to $1.045-1.065 billion and to $53.2 million. Net income totaled $32,836,000 in the ...
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News briefs
The Salewa Group is establishing a sales subsidiary in Poland...
The Salewa Group is establishing a sales subsidiary in Poland to improve the presence of its Salewa, Silvretta and Dynafit brands in a market that has a long hiking and mountaineering tradition. Salewa’s current distributor in Poland, PPH Konimpex-Plus, will continue to sell all three brands in its Feel Free ...
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News briefs
Messe Friedrichshafen, host of the sports shows OutDoor, Eurobike and...
Messe Friedrichshafen, host of the sports shows OutDoor, Eurobike and Interboot, announces major changes in its management, following the departure of its former two joint managing directors. Jürgen Schmid, who was not involved in the sporting goods trade shows, left the fair on Lake Constance by the end of 2006. ...
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News briefs
Performing well at retail, Volcom reported net sales growth of...
Performing well at retail, Volcom reported net sales growth of 22.2 percent to $50.8 million in the 1st quarter. The gross margin inched up by 0.3 percentage points to 52.0 percent. Operating income rose by 20.6 percent to $8.1 million, while net income climbed by 23.8 percent to $5.5 million. ...
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News briefs
On Apr. 16 Lafuma opened its first store in Paris,...
On Apr. 16 Lafuma opened its first store in Paris, located in the upscale northwest side of the city. Measuring 137 square meters, it is similar in size to existing locations in Chamonix, Nice and Lyon. In the near future, the company would like to roll out a chain of ...
