All News briefs articles – Page 583
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News briefs
Creditors have given Performance Sports Group (PSG), parent company of...
Creditors have given Performance Sports Group (PSG), parent company of Bauer and other brands, an extension from Oct. 5 to Oct. 28 to file its financial statements for the financial year ended May 31, pending an internal investigation of its accounts and those being conducted by U.S. and Canadian regulatory ...
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News briefs
Ocean freight containers are reportedly sitting unattended at ports in...
Ocean freight containers are reportedly sitting unattended at ports in the U.S. and Europe as one of the world's major freight forwarders, Hanjin Shipping of South Korea, has filed for insolvency. Hanjin has also filed for bankruptcy protection from creditors in a U.S. The company has liabilities equivalent to $6.0 ...
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News briefs
El Corte Inglés, a group that is one of the...
El Corte Inglés, a group that is one of the major retailers for sporting goods in Spain through its department stores, has reported a 34 percent increase in net profits to €158 million for the financial year ended last Feb. 29. Revenues went up by 4.3 percent to €15.2 billion. ...
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David Sharp has handed in his resignation as president and...
David Sharp has handed in his resignation as president and chief executive of Rocky Brands as well as a director of the American company, where he has served in various management roles since 2000. Mike Brooks, chairman, will take over his functions on an interim basis until his successor is ...
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News briefs
Members of the European Platform for Sport Innovation (EPSI) decided...
Members of the European Platform for Sport Innovation (EPSI) decided at their general assembly on Aug. 31 to adopt the Research & Innovation Agenda (SRIA) as a roadmap for its activities in the five-year period until 2021. The networking organization strives for a more innovation-friendly environment, in order to stimulate ...
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News briefs
A delegation of the Federation of the European Sporting Goods...
A delegation of the Federation of the European Sporting Goods Industry (Fesi) met with Gian-Franco Kasper, the president of the International Ski Federation (FIS), in Brussels on Sept. 6, and agreed on extending the Memorandum of Understanding for World Snow Day, the annual snow festival for children and their families, ...
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News briefs
A member of the European Parliament, Hannu Takkula, presented the...
A member of the European Parliament, Hannu Takkula, presented the key elements of a parliamentary report on the “Integrated approach to Sport Policy: Good Governance, accessibility, integrity” at a meeting organized at the House of Sport in Brussels on Aug. 29. The Federation of the European Sporting Goods Industry, Fesi, ...
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News briefs
The Federation of the European Sporting Goods Industry (Fesi) is...
The Federation of the European Sporting Goods Industry (Fesi) is taking part in a conference to be held in Brussels on Monday, Sept. 12, as part of the second European Week of Sport (EWOS). The conference is organized by the House of Sport, which was created around the first EWOS ...
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News briefs
Hi-Tec is launching an innovative shoe that indicates to...
Hi-Tec is launching an innovative shoe that indicates to the wearer where to turn left or right. The new Hi-Tec Navigator features a vibrating insole with haptic technology which communicates via a smartphone navigation app through Bluetooth. After entering a destination in the smartphone via this app, the shoe guides ...
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News briefs
Descente booked a comprehensive net loss of 1,389 million yen (€12.3m-$13.8m)...
Descente booked a comprehensive net loss of 1,389 million yen (€12.3m-$13.8m) for the first quarter, compared with net income of ¥1,077 million in the year-ago period, for the first quarter to June 30, claiming foreign currency exchange adjustments of ¥2,278 million (€20.1m-$22.7m), apparently related to the appreciation of the yen. Sales ...
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Foreign currency losses of 1,118 million yen (€9.8m-€11.1m) and higher...
Foreign currency losses of 1,118 million yen (€9.8m-€11.1m) and higher investments forced Globeride to post a comprehensive net loss of ¥370 million (€3.0-$3.4m) for the first quarter ended June 30 against a profit of ¥582 million in the previous year. New product development and sales promotions allowed the company to ...
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News briefs
With total sales up by 7 percent to 10.7 billion...
With total sales up by 7 percent to 10.7 billion yen (€94.6m-$106.7m), Goldwin reported a comprehensive loss of ¥917 million (€8.1m-$9.1m) for the first quarter ended June 30, up from a loss of 37 million in the year-ago period. Excluding extraordinary items, the quarterly loss declined to ¥62 million (€0.55m-$062m) from ¥214 ...
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News briefs
Jart of Spain will produce 100 skateboards, designed by Eduardo...
Jart of Spain will produce 100 skateboards, designed by Eduardo Chillida, to help poor populations in India as part of its project Solidarity on Wheels. The proceeds from the sale of these skateboards will be used to build a colony of 15 houses in one of the most impoverished areas ...
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Zalando posted a 25 percent sales increase to €916.4 million...
Zalando posted a 25 percent sales increase to €916.4 million for the second quarter against the same period of 2015. Earnings before interest and taxation (Ebit) almost tripled to €80.9 million. The Berlin-based fashion e-tailer said the number of active customers grew to 18.8 million by the end of the ...
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Mifa has been granted a €3 million subsidy from the...
Mifa has been granted a €3 million subsidy from the state of Saxony-Anhalt in Germany for the construction of a new bicycle factory in Sangerhausen. The company will invest a total of around €20 million in the new facility, whose construction is expected to be completed by the end of ...
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News briefs
The International Olympic Committee (IOC) approved on Aug. 3 five...
The International Olympic Committee (IOC) approved on Aug. 3 five new sports for the 2020 Olympic Games in Tokyo. The 2020 Games will include skateboarding, surfing, karate, climbing and baseball/softball. These will not replace any of the 28 sports already on the schedule, and the athlete and event quotas of ...
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News briefs
Giant Manufacturing Co. has reported a 3.7 percent drop in...
Giant Manufacturing Co. has reported a 3.7 percent drop in total sales to 29.08 billion Taiwan dollars (€833m-$941m) for the first half of this year. Net income fell by 5 percent to TWD 1.69 billion (€48.5m-€54.8m). The company produced a total of 2.56 million bicycles during the period.
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News briefs
Siegfried Passreiter, who is now 61 years old, has retired...
Siegfried Passreiter, who is now 61 years old, has retired from Fischer and Löffler after 18 years of work for the Austrian company, where he acted most recently as managing director of its German subsidiary. As planned, his position has been taken over by Walter Wensauer, sales manager of the ...
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News briefs
In a bid to bolster its accelerating international business, Under...
In a bid to bolster its accelerating international business, Under Armour has named a company veteran, Kip Fulks, as chief product officer, and recruited two new executives to its senior management team - Colin Browne as president of global sourcing, and Andy Donkin as chief marketing officer. Both men will ...
