All News briefs articles – Page 1112
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News briefs
CORRECTIONS: Glenn Bennett is a former executive of Reebok, but...
CORRECTIONS: Glenn Bennett is a former executive of Reebok, but he joined Adidas back in 1993, and he has been a member of its executive board since March 1997 May 19, 2006 JJB Sports doesn’t have an exclusivity on Under Armour’s product range in the UK and Ireland. ...
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News briefs
The seasonally strong bowling and billiards business helped Brunswick Corp....
The seasonally strong bowling and billiards business helped Brunswick Corp. to offset a drop in operating earnings for the marine business in the 1st quarter, but Life Fitness improved its operating margin by 160 basis points to 6.6 percent as its sales went up by 5 percent to $134.5 million. ...
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News briefs
Nike is seizing control of its retail operations in Canada...
Nike is seizing control of its retail operations in Canada from Athlete’s World, the chain of sporting goods stores owned by Bata in the country. Marshall Myles, the former chief executive of Roots Canada, will be running the outlets as they are phased out from Athlete’s World. Through the deal ...
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News briefs
The Nordic walking markets were weak in Central Europe for...
The Nordic walking markets were weak in Central Europe for Exel Oy in the 1st quarter as net sales decreased by 10.2 percent to €8.3 million. The company’s sports division posted an operating loss of €200,000 as compared to a gain of €400,000 in the year-ago period. The loss includes ...
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News briefs
Pentland Group has hired Charles Dallain as vice president of...
Pentland Group has hired Charles Dallain as vice president of international sales, based in Santa Barbara, California. The first task of this Canadian executive will be to set up an international distribution network for Medium, the U.S. brand recently acquired by Pentland. A former international sales manager of Brooks, Dallain ...
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News briefs
Redcats USA is taking over Sportsman’s Guide, a U.S. company...
Redcats USA is taking over Sportsman’s Guide, a U.S. company that operates various sports-related e-commerce website such as sportsmansguide.com, tgw.com, bargainoutfitters.com, baseballsavings.com and softballsavings.com. It is paying $265 million for the company, which had a net profit of $11.5 million on sales of $285.1 million in 2005. Redcats claims to ...
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News briefs
Groupe Go Sport continued to improve sales and to win...
Groupe Go Sport continued to improve sales and to win market shares in the 1st quarter ended March 31. Total sales increased by 11.1 percent to €177.2 million, with a 19.5 percent increase in Belgium and Poland. In France, same-store sales rose by 9.4 percent for the generalist Go Sport ...
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News briefs
Dunlop Sports Group, a wholly-owned subsidiary of Dunlop Slazenger International,...
Dunlop Sports Group, a wholly-owned subsidiary of Dunlop Slazenger International, has acquired Focus Golf Systems, the distributor of Dunlop branded golf equipment in the USA. Following the purchase, Dunlop Sports Group Americas (DSGA) consolidates the distribution of Dunlop golf and tennis products in North America into one location. Originally formed ...
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News briefs
Nike’s premium products rode Foot Locker to success in North...
Nike’s premium products rode Foot Locker to success in North America in the global retail giant’s 1st quarter ended Apr. 29, but weakness in Europe reduced the total sales gain for the period to a mere 0.2 percent in local currencies. On a comparable basis, sales increased by 0.5 percent, ...
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News briefs
Katharina Le Thierry, a former general manager of the LVMH...
Katharina Le Thierry, a former general manager of the LVMH luxury goods group in Germany, has been appointed as general manager of Puma Germany. She worked previously for Colgate-Palmolive and Henkel, and she acted most recently as general manager of Ebel, the luxury watch brand of LVMH. Reporting to Miguel ...
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News briefs
Lafuma’s revenues grew by 34.0 percent to €116.1 million for...
Lafuma’s revenues grew by 34.0 percent to €116.1 million for the 6-month period ended March 31, but they were off by 2.9 percent on a comparable basis. Sales outside France went up by 18.2 percent to €45.5 million. The sales results would have been more positive without the in sales ...
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News briefs
Head N.V. announced that it will pay €10,000,000 in cash...
Head N.V. announced that it will pay €10,000,000 in cash to its shareholders. The reason the company gave for the payment was because it has not paid dividends in three years. The same payment applies to the shares of Johann Eliasch, who indirectly owns 47.7 percent of the company.
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News briefs
Easton-Bell posted net income of $3,082,000 in 2005, as compared...
Easton-Bell posted net income of $3,082,000 in 2005, as compared to a loss of $13,111,000 in the previous year, and revenues jumped to $379.9 million, reflecting the merger of Bell Sports and Riddel Sports. Easton Sports’ results will only be consoolidated into the group’s accounts from March 2006. Operating income ...
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News briefs
Décathlon reinforced its #1 position in the Spanish sporting goods...
Décathlon reinforced its #1 position in the Spanish sporting goods retail market in 2005 with a turnover of €629.5 million, according to CMB, or 31.3 percent more than in the previous year. It thus stretched its lead over the former #1, El Corte Inglés, whose sales of sporting goods grew ...
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News briefs
During its 1st quarter ended Dec. 31, Yue Yuen’s sales...
During its 1st quarter ended Dec. 31, Yue Yuen’s sales increased by 17.6 percent to $878.0 million and net profit rose by 16.0 percent to $85.9 million. Net profit would have been up by 11.4 percent, but there was a restatement of the company’s net profit in the year-ago quarter ...
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News briefs
World Class, which operates 11 high-class fitness clubs in Moscow...
World Class, which operates 11 high-class fitness clubs in Moscow and 9 in other Russian regions, has started up a new lower-priced chain of fitness studios called FizKult. The first of them opened in the Gorizont shopping center of Rostov-on-Don. A larger one, measuring 6,000 square meters and equipped with ...
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News briefs
Dahon’s unit sales in 2005 grew by 24 percent to...
Dahon’s unit sales in 2005 grew by 24 percent to 285,000 bicycles, marking a record high for the company. New markets of Eastern Europe and South America chipped in. Growth was especially strong in China where Dahon says it is now one of the largest bicycle distributors in the country. ...
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News briefs
Sales dropped by 3.9 percent to $299.4 million for Icon...
Sales dropped by 3.9 percent to $299.4 million for Icon Health & Fitness in its fiscal 3rd quarter ended March 4, with cardiovascular equipment sales down by 1 percent and strength training equipment off by 15 percent. However, the company’s gross margin improved by 300 basis points to 28.8 percent ...
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News briefs
Akito Mizuno, 56 will replace his elder brother Masato Mizuno...
Akito Mizuno, 56 will replace his elder brother Masato Mizuno as president of Mizuno, following a decision by the company’s board of directors. The transition will officially take place at the company’s next board meeting in June. Masato, who has been president since 1988, will then become chairman of the ...
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News briefs
Joma, which is reportedly generating about one-half of its sales...
Joma, which is reportedly generating about one-half of its sales outside Spain, has set up new foreign sales subsidiaries in Brazil and Dubai. The Spanish football brand has also become the official supplier of Queens Park PC, the oldest football club in Scotland, under a 4-year deal starting with the ...
