All News briefs articles – Page 950
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News briefs
The sports and leisure division of New Wave Group had...
The sports and leisure division of New Wave Group had an 8 percent drop in revenues to 380.1 million Swedish kronor (€39.7m-$52.9m), but the company more than doubled its Ebitda (operating profit before amortization), which grew to SEK 40.4 million (€4.2m-$5.6m) from SEK 19.4 million previously. Sales from this unit ...
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News briefs
The recreational/leisure division of Dorel Industries had a turnover increase...
The recreational/leisure division of Dorel Industries had a turnover increase of 12.5 percent to $181.7 million for the first quarter ended March 31, which the company attributed to big growth in the mass merchant bike channel due to a nice spring. Operating earnings jumped by 51.3 percent to $15.1 million ...
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News briefs
Erke has signed on to be an official partner of...
Erke has signed on to be an official partner of the Madrid Open this year. The Chinese company will provide apparel for the ball kids and its logo will be visible in the main court as well as in the training courts. The tournament is scheduled to be held on ...
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News briefs
Falke is setting up a larger factory at Leskovac in...
Falke is setting up a larger factory at Leskovac in Serbia for the manufacture of socks and hosiery that should start up next year. The German company has been producing knitted socks there since 1992. The new facility will take the place of a smaller factory that Falke opened in ...
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News briefs
Fibo, the trade show for the fitness and wellness industry,...
Fibo, the trade show for the fitness and wellness industry, has announced a 5.3 percent increase in visitors for the exhibition held last month, for a total of 53,200. The number of exhibitors rose by 8.3 percent to 560. Compared with the numbers from five years ago, this is an ...
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News briefs
POC, the Swedish maker of helmets and protective gear, reports...
POC, the Swedish maker of helmets and protective gear, reports that its sales grew by 60 percent to 72 million Swedish kronor (€9.4m-$7.4m) in the last fiscal year. The company said it grew in all 12 markets, and it expects revenues to grow another 60 percent for this fiscal year.
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News briefs
Callaway Golf Company is expecting to report an 11 percent...
Callaway Golf Company is expecting to report an 11 percent increase in sales to $303 million for the first quarter of 2010 next week. Positive currency effects were worth $15 million the company; at constant exchange rates the growth would still be 6 percent, to $288 million. The gross profit ...
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News briefs
China’s GDP surged by 11.9 percent in the first quarter...
China’s GDP surged by 11.9 percent in the first quarter of this year. According to Euler Hermes, China and other emerging markets came to represent 52 percent of global industrial production in 2009, up from 50 percent in 2008. They will be the driving forces behind the recovery of the ...
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News briefs
Leonardo Pais, the chief executive and 15-year veteran of Bravo...
Leonardo Pais, the chief executive and 15-year veteran of Bravo Sports who began as the founder of its European distribution and manufacturing unit in 1995, is taking over global responsibilities. He previously split the CEO duties with Tony Armand, who will become CEO of Shock Doctor next month. Joining Pais ...
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News briefs
Finland’s sporting goods market grew slightly in 2009, rising by...
Finland’s sporting goods market grew slightly in 2009, rising by 4.4 percent to €1,059.1 million including VAT, according to Sporttymyyjâ. Most retail groups saw increases, including the top four: Intersport-Kesport rose by 5.7 percent to €305.8 million; Prisma was up by 22.3 percent to €112.5 million; Sportia rose by 9.3 ...
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News briefs
Accell Group is optimistic about 2010, noting that after a...
Accell Group is optimistic about 2010, noting that after a long winter, sales started picking up last month, and currently revenues from bicycles are the same as they were at this point last year. Growing consumer interest in health, mobility and the environment means continuing demand for bicycles. Fitness products ...
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News briefs
Fibo's 25th edition is starting today in Essen with a...
Fibo's 25th edition is starting today in Essen with a total of 530 exhibitors from 38 countries, up from 517 one year ago. As usual, a dense program of side events is accompanying the fair. A well-know pop singer who practices many sports, Fan Haddaway, has composed a special song ...
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News briefs
Giant Manufacturing Company is going to put $36 million into...
Giant Manufacturing Company is going to put $36 million into a new factory in China for bicycles and electric cars. Construction is expected to begin in July, and it should become operational in 2011, making up to 1.5 million bikes a year.
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News briefs
Mares USA is recalling 755 Nemo Air Dive computers due...
Mares USA is recalling 755 Nemo Air Dive computers due to a faulty O-ring in the high pressure air connector that can fail and leak air. Specialty dive shops in the U.S. sold the computers between July 2008 and July 2009. Consumers are advised to stop using the recalled dive ...
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News briefs
Abacus, the Swedish golf apparel brand, continued to enjoy robust...
Abacus, the Swedish golf apparel brand, continued to enjoy robust growth in the country’s sagging golf market last year. Its Swedish sales were up by about 5 percent to 26 million Swedish kronor (€2.7m-$3.6m) and the company ended the year with a turnover of just over SEK 70 million (€7.3m-$9.8m), ...
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News briefs
Accell Group is considering working with partners to help set...
Accell Group is considering working with partners to help set up a frame production facility in Eastern Europe. Executives at the company told Bike Europe that they are looking at several places in Ukraine and Hungary, in an effort to get production closer to Europe for the selling season. While ...
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News briefs
The OutDoor Industry Awards are now accepting applications for this...
The OutDoor Industry Awards are now accepting applications for this year’s competition. Manufacturers and designers have until June 15 to register. There are nine categories: apparel/helmets/shoes; backpacks/travel luggage; mountain-climbing equipment; camping equipment; sleeping bags; accessories; products of high ecological and recyclable value; material innovations; and concepts, which is limited to ...
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News briefs
Puma’s acquisition of Cobra Golf from Acushnet for an undisclosed...
Puma’s acquisition of Cobra Golf from Acushnet for an undisclosed amount has passed the scrutiny of anti-trust officials, and the company is working to integrate the new business into its operations. It hopes to have sales of $100 million next year from Cobra. It will concentrate on that for the ...
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News briefs
Cybex International has announced that it is taking action against...
Cybex International has announced that it is taking action against companies infringing on its patented Plate Loaded Leg Press, and its pending patents for the Bravo Functional Trainer. At the recent trade show of the International Health, Racquet & Sportsclub Association in San Diego, Cybex saw four violations of its ...
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News briefs
Adidas Group is raising its financial outlook for the current...
Adidas Group is raising its financial outlook for the current financial year, predicting earnings per share of between €2.05 and €2.30 from a previous forecast of €1.90 to €2.15. This follows an improvement in the group’s operating profit to €260 million in the first quarter of this year, compared to ...
