All News briefs articles – Page 945
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News briefs
JD Sports Fashion reports that since the end of its...
JD Sports Fashion reports that since the end of its fiscal year on Jan. 30, its comparable store sales in the U.K. and Ireland have increased by 4.1 percent. The sports stores saw 5.1 percent growth in the 18 weeks to June 5, boosted by the World Cup. The fashion ...
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News briefs
Intersport France says it has helped to finance the takeover...
Intersport France says it has helped to finance the takeover of five stores generating €13 million a year through Expansport, a cooperative established one year ago to speed up the development of the group. It aims to collect more than €10 million for its members in order to obtain €40 ...
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News briefs
Golf’us has just opened two new off-course mega-stores, one in...
Golf’us has just opened two new off-course mega-stores, one in Düsseldorf and one in Madrid. Further openings are planned in another German city and in Turin later this year. For the Italian-based company, which is the largest specialist golf retailer in continental Europe, the Düsseldorf store is the second one ...
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News briefs
Various governments are raising the national value-added tax (VAT) to...
Various governments are raising the national value-added tax (VAT) to help restore their finances, and the German one is considering raising it further to 25 percent. The Greek government has raised it from 21 to 23 percent, the Hungarian one has taken it up from 20 to 25 percent and ...
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News briefs
Nike and Polar have introduced the Polar WearLink+, which works...
Nike and Polar have introduced the Polar WearLink+, which works with the Nike+ SportBand and the Nike+ iPod Sport Kit, enabling users to run and train with heart rate monitoring for the first time. The equipment is worn around the chest and transmits the user’s heart rate wirelessly to his ...
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News briefs
Dorel Industries has opened a 70,000-square-foot complex near Vancouver that...
Dorel Industries has opened a 70,000-square-foot complex near Vancouver that will be used for its Apparel Footwear Group within its recreational/leisure segment. It has 225 employees, who will focus on increasing the customized, cycling and running apparel business. The $3 million investment has basically upgraded Sugoi’s former manufacturing facility in ...
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News briefs
The Japanese company Descente had a 1 percent drop in...
The Japanese company Descente had a 1 percent drop in sales for the fiscal year ended March 31, coming in at ¥76.02 billion (€694.1m-$848.3m). Net income declined by 27 percent to ¥1.85 billion (€16.9m-$20.6m). The current first-half forecast calls for sales of ¥37.5 billion (€342.4m-$418.5m) and a 9 percent increase ...
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News briefs
Intersport Austria reports a 10 percent sales increase for the...
Intersport Austria reports a 10 percent sales increase for the six months ended March 31, thanks in part to the fact that the Easter holidays fell in March instead of April last year. The affiliated retailers sales rose by 8.0 percent in Austria, by 1.0 percent in the Czech Republic, ...
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News briefs
Björn Borg, the Swedish fashion brand, had a 10 percent...
Björn Borg, the Swedish fashion brand, had a 10 percent drop in sales to 148.4 million kronor (€15.1m-$18.5m) for the first quarter. Profits fell by 12 percent to SEK 25.8 million (€2.6m-$3.2m), though the gross profit margin rose to 51.6 percent. The company signed a deal with a new distributor ...
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News briefs
Sales grew by 12.2 percent at Orange 21 for the...
Sales grew by 12.2 percent at Orange 21 for the quarter ended March 31. Turnover grew among all customer classes. Sales in the domestic region, including the U.S. and Canada, made up 79 percent of total sales, up from 78 percent last year. Likewise, international sales dipped by 1 percentage ...
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News briefs
Even with a 16 percent drop in sales to $45.6...
Even with a 16 percent drop in sales to $45.6 million for the first quarter ended March 31, Nautilus improved its net loss to $7.8 million, compared with $13.8 million in the year-ago period. Retail sales jumped by 27 percent to $15.9 million on the strength of ellipticals and redesigned ...
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News briefs
CORRECTION: Basketball currently generates $17 billion in annual sales for...
CORRECTION: Basketball currently generates $17 billion in annual sales for the Nike and Jordan brands, and no specific growth target has been made public for this category.
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News briefs
The North Face, a VF Corporation brand, will pay $207,500...
The North Face, a VF Corporation brand, will pay $207,500 to settle a lawsuit by the Environmental Protection Agency of the U.S. alleging that shoes claimed to kill bacteria were never actually tested. Though the more than 30 styles contained pesticides, they had never been tested. They used top-sheets by ...
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News briefs
A grant of $261,270 from the state of Missouri will...
A grant of $261,270 from the state of Missouri will allow Red Wing Shoe Company to expand its plant in the city of Potosi. The company will upgrade and expand the facility and hire 42 new full-time employees. Among Red Wing’s brands are Red Wing, Carhartt, Vasque and Irish Setter ...
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News briefs
Sales fell by 28 percent to $6.7 million in Heelys’...
Sales fell by 28 percent to $6.7 million in Heelys’ first quarter, ended March 31. The loss improved slightly to $1.2 million from a loss of $1.3 million in 2009. The gross margin was up by 11.2 percentage points to 47.9 percent. Combined cash and investments rose slightly over the ...
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News briefs
Yonex has reported a 30 percent boost in net income...
Yonex has reported a 30 percent boost in net income to ¥977 million (€10.9m-$8.9m) for the financial year ended March 31 on a sales decline of 1 percent to ¥36.87 billion (€336.6m-$411.4m). Operating income went up by 14 percent to ¥1.64 billion (€15.0m-$18.3m). The company is forecasting increases of 5 ...
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News briefs
Intersport PSC Holding reports a 4.6 percent increase in consolidated...
Intersport PSC Holding reports a 4.6 percent increase in consolidated sales to 172.8 million Swiss francs (€121.3m-$148.3m) for the first half of its financial year, ended March 31, with the affiliated stores posting a stable turnover on a comparable basis. Operating costs fell slightly, but the Swiss buying group suffered ...
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News briefs
Accell Group has decided use national distributors everywhere for the...
Accell Group has decided use national distributors everywhere for the products of its Accell Fitness division. In Germany, it will transfer them as of June 1 from its own subsidiary to a specialist, RFG Sportvertrieb, selected after an analysis of the market. In building up its own Accell Fitness division, ...
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News briefs
Acting in concert with the U.S. Consumer Product Safety Commission,...
Acting in concert with the U.S. Consumer Product Safety Commission, Specialized Bicycle Components is recalling 1,350 26-inch Epic and Era bicycles, model year 2010. A faulty shock absorber mount can break and make contact with the wheel spokes. The Taiwan-made bikes were sold in the U.S. between September and October ...
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News briefs
After five years in the position, Laurent Potdevin, chief executive...
After five years in the position, Laurent Potdevin, chief executive of Burton Snowboards, has left the company to pursue other interests. He had been with the company since 1995. He will remain tied to Burton as a consultant and adviser. Jake Burton Carpenter, the 56-year-old founder and chairman of the ...
