All News briefs articles – Page 1093
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News briefs
Compex is set to merge with a competitor in the...
Compex is set to merge with a competitor in the electro-stimulation sector, Cefar AB. Encore Medical Corp., which took over Compex’ parent company a few months ago, has agreed to buy Cefar from a Swedish investment fund. Together, Compex and Cefar reportedly have annual sales of about €40 million. The ...
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News briefs
Nike has renegotiated a revolving credit with a consortium of...
Nike has renegotiated a revolving credit with a consortium of lenders, led by Banc of America, taking it up to $1 billion from a previous level of $750 million. Nike officials declined to comment on a rumor that the money could be used to buy Puma.
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News briefs
During the latest New York Marathon, Runner’s World donned a...
During the latest New York Marathon, Runner’s World donned a series of awards upon Brooks. One was for “Best Innovation,” related to the brand’s manufacturing technology and its use of a non-petroleum based rubber outsole. Its “Best Buy” award was for Brooks’s Vapor 7 style. The magazine gave its “Brand ...
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News briefs
Leki Lenhart GmbH, the German manufacturer of ski poles, will...
Leki Lenhart GmbH, the German manufacturer of ski poles, will sell its 22.4 percent stake in Reusch to the latter’s shareholders by next May 21, and focus on its own glove business, which it launched in 1998. Leki purchased the shares when the British Pentland Group (Speedo, Ellesse, Berghaus, Lacoste ...
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News briefs
Schedoni, an Italian leather manufacturer known for making luggage for...
Schedoni, an Italian leather manufacturer known for making luggage for the Ferrari brand, is teaming up with Puma to make a special line of customizable Puma shoes at Schedoni’s production facility in Italy. Consisting of two models, the customizable footwear will be aimed at the high end of the market, ...
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News briefs
A one-time tax reversal of $3.0 million helped boost Nautilus’...
A one-time tax reversal of $3.0 million helped boost Nautilus’ net income by 13 percent to $9,376,000 in the 3rd quarter ended Sept. 30. The company also had a stock option expense of $480,000. Without these two extraordinary items, net income would have dipped to $6.4 million, as compared to ...
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News briefs
Under Armour’s net income jumped by 90 percent to $15,970,000...
Under Armour’s net income jumped by 90 percent to $15,970,000 in the 3rd quarter ended Sept. 30 on 48 percent higher sales of $127.7 million. The young American company expects the growth in its 2007 turnover and earnings to surpass the 20-25 percent projections it had made for both. For ...
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News briefs
Johnson Outdoors narrowed its net loss to $744,000 in its...
Johnson Outdoors narrowed its net loss to $744,000 in its 4th quarter ended Sept. 29, as compared to $4,611,000 in the same period a year ago. The company’s net turnover rose by 4 percent to $80.3 million with the outdoor equipment category contributing the worst results during this seasonally slow ...
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News briefs
Escalade’s total sales were up by 3 percent to $65,583,000...
Escalade’s total sales were up by 3 percent to $65,583,000 in the 3rd quarter, ended Oct. 7, while net income dropped by 45 percent to $2,992,000. Escalade Sports, the sporting goods arm of the American company, had a sales increase of 5 percent to $52.2 million.
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News briefs
Daiwa Seiko’s net income reached ¥1.69 billion (€11.1m-$14.5m) in its...
Daiwa Seiko’s net income reached ¥1.69 billion (€11.1m-$14.5m) in its 1st half ended Sept. 30, on revenues that grew by about 17 percent to ¥31.27 billion (€204.5m-$267.9m). Operating income was up by 6 percent to ¥3.38 billion (€22.1m-$29.0m). The Japanese fishing equipment and sporting goods company is projecting its full-year ...
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News briefs
Cybex International posted an increase in turnover of 12 percent...
Cybex International posted an increase in turnover of 12 percent to $29.8 million in its 3rd quarter, ended Sept. 30. The gross margin grew by 40 basis points to 35.4 percent of sales. Thanks to an extraordinary charge in the year-ago period, the company’s net income improved to $817,000 from ...
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News briefs
Sport 2000 Switzerland will have a new managing director by...
Sport 2000 Switzerland will have a new managing director by next Jan. 1. The 42-year-old Roland Felder has 25 years of experience in the retail business. He has most recently served for Manor Group, the Swiss retail conglomerate, where he held various positions including that of buyer for sporting goods ...
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News briefs
Orange 21, the parent company of Spy Optic and LEM,...
Orange 21, the parent company of Spy Optic and LEM, posted a net loss of $777,986 in the 3rd quarter ended Sept. 30, as compared to a net profit of $192,110. The company had an operating loss of $869,172 during the period, and the gross margin shrunk by 240 basis ...
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News briefs
After a 6-month investigation, Nike has decided to stop placing...
After a 6-month investigation, Nike has decided to stop placing orders for hand-stitched football balls with Saga Sports, on the grounds that this Pakistani company failed to correct various labor compliance violations. Saga was outsourcing balls without permission to homes in Sialkot, the area where it is based. According to ...
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News briefs
Archer Capital, which controls 76 Amart All Sports stores and...
Archer Capital, which controls 76 Amart All Sports stores and 31 Rowe & Jarman stores in Australia, has agreed to acquire 19.99 percent of Rebel Sport or a majority of its 80,170,000 shares at a price of 4.60 Australian dollars per share and at certain conditions, but the option will ...
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News briefs
Easton Bell Sports, called Riddell Bell Holdings before the acquisition...
Easton Bell Sports, called Riddell Bell Holdings before the acquisition of Easton Sports, posted a sales increase of 81.1 percent to $186.5 million in the 3rd quarter, with $62.8 million of the turnover coming from Easton. Without this additional turnover, sales were up by 20.2 percent. The company’s gross margin ...
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News briefs
Mammut Sport Group has added to its growing portfolio of...
Mammut Sport Group has added to its growing portfolio of outdoor brands with the acquisition of Lucido, a German brand of high-quality LED head lamps and hand-held lighting systems. Invia Sportartikel Vertriebs of Eurasburg, which owns the brand, will transfer the brand rights and Lucido’s product management and development to ...
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News briefs
Rock Summit.” New is also the “WarmUp” project, introducing young...
Rock Summit.” New is also the “WarmUp” project, introducing young brands from the fitness sector. ISPO will presented European Bordsports Awards for the first time at the show. The Volvo Sports Design Award will be given out in the area of “personal design.”
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News briefs
Odlo, the Swiss functional sports apparel company, has decided to...
Odlo, the Swiss functional sports apparel company, has decided to set up its own subsidiary for the Netherlands and Belgium from the beginning of next year. The brand was previously represented in the Netherlands by a Dutch distributor, Marsch Sportswear, and by a sales representative in Belgium. As Odlo already ...
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News briefs
ASICS plans to open a subsidiary in Brazil. The Japanese...
ASICS plans to open a subsidiary in Brazil. The Japanese company’s revenues increased by 15 percent to 95.40 billion yen (€623.9m-$817.4m) in its 1st half ended Sept. 30, net income fell by 8 percent to ¥7.02 billion (€45.9m-$60.1m). The company did not provide details about its operating results, but said ...
