All News briefs articles – Page 1109
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News briefs
More than $11.4 million in interest costs resulted in a...
More than $11.4 million in interest costs resulted in a net loss of $7,744,000 for Easton-Bell Sports in its 1st quarter, ended Apr. 1, far below a profit of $169,000 last year. The gross margin dropped by 330 basis points to 33.1 percent. Total revenues grew by 27 percent to ...
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News briefs
ISPO Russia will again invite 12 key retail buyers from...
ISPO Russia will again invite 12 key retail buyers from all over the country for its next session in September. The show will again benefit from the cancellation of the Fall edition of the consumer-oriented MISS fair in Moscow. It will feature a special new “Outdoor Village” with a climbing ...
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News briefs
In its full year, ended March 31, Daiwa Seiko enjoyed...
In its full year, ended March 31, Daiwa Seiko enjoyed a net income of 1.78 billion yen (€12m-$16m), as compared to a loss of 2.92 billion yen in the previous year. The Japanese fishing and sporting goods equipment company’s operating income slumped by 6 percent to 3.63 billion yen (€25m-$32m), ...
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News briefs
Customs officers in China seized 600 footballs fraudulently stamped with...
Customs officers in China seized 600 footballs fraudulently stamped with the official logo of the 2006 FIFA World Cup. It remains undisclosed where the balls, which were confiscated at the Eastern port of Ningbo, were being shipped or how the authorities knew they were fakes.
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News briefs
Globalization and the ability to target emerging consumer groups were...
Globalization and the ability to target emerging consumer groups were highlighted by Herbert Hainer, Adidas’ chief executive, as key challenges facing the sporting goods industry at a recent convention of the NSGA, the U.S. sporting goods retailers’ association. He noted the growing popularity of American sports like basketball, American football ...
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News briefs
Adidas has extended its fruitful sponsorship deal with the Japanese...
Adidas has extended its fruitful sponsorship deal with the Japanese Football Association (JFA) for 8 years under a new contract running from April 2007 to March 2015. Adidas has been endorsed by the Japanese football team since 1999, when the JFA agreed to relinquish a seemingly absurd compromise whereby sponsorship ...
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News briefs
Fischer has made available what it claims is the lightest...
Fischer has made available what it claims is the lightest water ski in the world for immediate purchase at its online shop. Available in three sizes with two different flexes, the ski package costs €1,000. The product is being produced by the group’s Fischer Composite Technologies (FCT) business unit, which ...
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News briefs
BasicNet has extended its licensing contract for the Kappa and...
BasicNet has extended its licensing contract for the Kappa and Robe di Kappa brands with Athleisure Resources of Singapore for 5 years, extending it to cover Vietnam as well. Athleisure was and remains the licensee for Singapore, Malaysia and Indonesia. The company has guaranteed minimum revenues of $14 million over ...
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News briefs
Distribution has been set up in Ireland for Joma, the...
Distribution has been set up in Ireland for Joma, the Spanish manufacturer of sportswear. The company will be working through retail outlets in the country such as Huey and Henderson, The Beautiful Game, Begley Sports, Sports World and The Soccer Shop. The distributor for Joma in the country will be ...
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News briefs
An uncommonly cold winter in Japan boosted Goldwin’s winter sports...
An uncommonly cold winter in Japan boosted Goldwin’s winter sports sales by 11 percent in the financial year ended last March 31, driving total annual sales up by 6 percent to 46.25 billion yen (€322m-$411m). Outdoor products contributed a 6 percent increase, too. The company suffered a loss of 3.97 ...
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News briefs
Part of the grassroots football campaign launched by Nike in...
Part of the grassroots football campaign launched by Nike in accordance with the World Cup seems to have backfired after Jules Pipe, the mayor of Hackney, one of the poorest boroughs of London, demanded that the Swoosh pay reparations for using the borough’s name and logo without permission. Nike has ...
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News briefs
Champion Europe has named Herrick van der Gaag to the...
Champion Europe has named Herrick van der Gaag to the role of country manager for Germany and France. He will be based at Champion Europe’s office in Belgium, reporting directly to Sauro Mambrini, president and chief executive of Champion Europe. The role was held previously by José Violante, who is ...
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News briefs
Kukje, the South Korean company known for its Pro Specs...
Kukje, the South Korean company known for its Pro Specs brand, has signed a preliminary deal with E1 Corp., a Korean petroleum company, to be acquired for 855 billion Korean won (€706m-$908m). The purchase would give E1 a 74.1 percent stake in the company, which has been in receivership since ...
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News briefs
Hanesbrands is a new subsidiary of Sara Lee Corp. that...
Hanesbrands is a new subsidiary of Sara Lee Corp. that should commence trading on the NYSE stock market this summer. The company will include Duofold, Hanes and the American Champion apparel business along with the C9 by Champion sub-brand sold exclusively in Target department stores in the USA. The two ...
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News briefs
Scott USA continues to book annual sales increases of 10-15...
Scott USA continues to book annual sales increases of 10-15 percent and the Swiss company is now at a level of more than 300 million Swiss francs (€193.2m-$247.8m), with one-quarter of the turnover in the USA. In its latest diversification, the company has brought out the first line of Scott ...
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News briefs
Roeckl reportedly raised its sales to €20 million in the...
Roeckl reportedly raised its sales to €20 million in the year ended last Apr. 30, up from €15.8 million the year before. The German glove company’s chief executive, Annette Roeckl, has appointed a new manager, Klaus Wurmseder, to assist her in the areas of marketing and sales. Peter Hoyer will ...
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News briefs
Estimating the runners and walkers category to comprise 20-22 percent...
Estimating the runners and walkers category to comprise 20-22 percent of the sports footwear market in India, estimated at 7 billion rupees (€120.3m-$154.1m), New Balance Athletic plans to grab a slice of it by opening 50 exclusive outlets in the country by 2008. The American athletic shoe company also intends ...
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News briefs
ASICS will sponsor the next Tokyo Marathon in February 2007,...
ASICS will sponsor the next Tokyo Marathon in February 2007, outfitting race officials and volunteers for the event, in addition to making an undisclosed financial contribution. The company’s contract with the marathon is for one year with the possibility of renewal. The Tokyo Metropolitan Government will be involved in the ...
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News briefs
Delays in product deliveries caused Orange 21’s losses to grow...
Delays in product deliveries caused Orange 21’s losses to grow to $1,733,875 in the 1st quarter from $495,061 in the same period a year ago, despite a sales increase of 11 percent to $9.4 million, but the company, which owns Spy Optics, said the result was in line with expectations. ...
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News briefs
Adidas is offering a range of 32 models of its...
Adidas is offering a range of 32 models of its new +F50 Tunit football boot series, each with a different colors and other design elements for each of the 32 countries that are playing in the 2006 FIFA World Cup. Some of the shoes will be broadly available at retail, ...
