All News briefs articles – Page 956
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News briefs
Peak Sport Products had a 67.1 percent increase in profits...
Peak Sport Products had a 67.1 percent increase in profits in 2009, climbing to 628 million renminbi (€68.0-$91.9m). Clothing sales grew by 67 percent to CNY 1.6 billion (€173.1m-$234.0m), and footwear sales reached CNY 1.4 billion (€151.5m-$204.8m). The profit margin grew by 4.8 percentage points to 37.5 percent. At the ...
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News briefs
Hyosung, the South Korean fiber producer, is building a $100...
Hyosung, the South Korean fiber producer, is building a $100 million production facility for spandex in Brazil. The factory should be running by 2011, with a capacity of 10,000 tonnes that will eventually reach 20,000 tonnes. The company noted that Brazil is an important market in the textile business. Hyosung ...
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News briefs
On the weekend of March 13-14, the Premier League of...
On the weekend of March 13-14, the Premier League of England, La Liga of Spain and Serie A of Italy all played their matches with Nike’s special-edition RED ball. The balls are the company’s T90 Ascente, but designed with a pattern of red laces to echo the slogan “Lace Up. ...
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News briefs
Orange 21 is being removed from the Nasdaq stock market...
Orange 21 is being removed from the Nasdaq stock market after failing to comply with Nasdaq rules. In September it was warned that its share price had been less than $1 for 30 days in a row, and that it had 180 days, until March 16, to get its prices ...
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News briefs
Jack Wolfskin had a sales increase of 22 percent for...
Jack Wolfskin had a sales increase of 22 percent for 2009 to €251.4 million, and further double-digit growth is expected in 2010. The company’s biggest growth in 2009 came from Italy, Austria, Switzerland, the Benelux countries, Germany and China. Sales in Germany went up by 21 percent. China now has ...
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News briefs
The U.K.’s Competition Commission has approved the purchase of 31...
The U.K.’s Competition Commission has approved the purchase of 31 JJB Sports stores by Sports Direct. The agency said that it would probably not mean higher prices, lower quality or a poorer selection for customers.
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News briefs
Robert Stepanek, 41, is the new country manager of Puma...
Robert Stepanek, 41, is the new country manager of Puma in Austria, replacing Christian Zulehner, who is leaving the company by mutual consent after three years. Stepanek has been working in the past couple of years at Puma’s head office in Herzogenaurach as head of international marketing services, deputy European ...
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News briefs
Hong Kong’s Li & Fung had a 6 percent drop...
Hong Kong’s Li & Fung had a 6 percent drop in sales in 2009 to 104.5 billion Hong Kong dollars (€10.0bn-$13.5bn), which the company attributed to weak markets, customer bankruptcies and retailers’ keeping tight inventories. The U.S., which was hard hit by the recession, makes up 64 percent of the ...
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News briefs
Ashley North America has bought 96 percent of the shares...
Ashley North America has bought 96 percent of the shares of the Antigua Group and plans to get the rest in the near future. At that time, Antigua share will be delisted from the TSV Venture Exchange. Ashley NA is controlled by Mike Ashley, owner of Sports Direct International. Separately, ...
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News briefs
Abacus will develop a golf apparel line especially for the...
Abacus will develop a golf apparel line especially for the Norwegian national golf teams in a new four-year sponsorship agreement. About 70 players and juniors will wear Abacus on the greens.
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News briefs
The number of retailers visiting Sport Achat, the French sporting...
The number of retailers visiting Sport Achat, the French sporting goods fair held in Lyon earlier this month, rose by 6.5 percent to 1,475, as compared to one year ago. The total number of visitors was up by 7 percent to 3,470. The number of brands featured rose to 560.
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News briefs
Adidas Group is reportedly targeting sales by Reebok of more...
Adidas Group is reportedly targeting sales by Reebok of more than five million pairs of Easy Tone fitness shoes this year, according to an interview with Reuters by the group’s chief executive, Herbert Hainer. The toning footwear phenomenon, which we are going to analyze in an article shortly, has started ...
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News briefs
Adidas, which has had a deal with the NBA for...
Adidas, which has had a deal with the NBA for the rest of the world for the last four years, is now has exclusive rights for Europe as well, starting with sales in the stores next Oct. 1, in time for the NBA Europe Live pre’season games. The European contract ...
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News briefs
Keen, the American outdoor footwear brand, has adjusted its European...
Keen, the American outdoor footwear brand, has adjusted its European distribution network in the last months, as it continues to enjoy double-digit sales growth in the region. Keen ended its distribution agreement with GPG in France at the end of last year and has started looking for a new partner ...
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News briefs
A raid on a South African warehouse netted customs agents...
A raid on a South African warehouse netted customs agents fake football jerseys for teams from Brazil, England, France, Portugal and South Africa. The estimated sales value was $680,000. Authorities are still investigating the source country of the apparel. South Africa will be host of the World Cup, starting on ...
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News briefs
Fischer Sports has appointed three new managers after its previously...
Fischer Sports has appointed three new managers after its previously announced nomination of Gerhard Wieser as the new head of its alpine division, replacing Gerhard Leitner. The new marketing director of Fischer’s alpine division is Christian Lutz, who served in Schöffel’s marketing team before. He replaces Daniel Steininger, who left ...
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News briefs
Reebok has again teamed up with Cirque du Soleil for...
Reebok has again teamed up with Cirque du Soleil for a new exercise program, Jukari Fit to Flex, which will be rolled out in gyms in Europe and the U.S. next month and in Asia and Latin America later this year. It follows their first collaboration, Jukari Fit to Fly, ...
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News briefs
IMG, the sports marketing agency, has formed a joint venture...
IMG, the sports marketing agency, has formed a joint venture with Reliance Industries, the Indian conglomerate, to develop, market and manage sports and entertainment in India. The main goals of IMG Reliance will be to encourage potential athletes with better sports infrastructure and coaching, and the development and operation of ...
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News briefs
Freddy has signed a five-year license and distribution agreement with...
Freddy has signed a five-year license and distribution agreement with the South Korean group In the F Co Ltd for the brands Freddy and Freddy the Club. The agreement starts with the spring/summer 2010 collection of the Italian brand of fitness and dancewear and is expected to generate at least ...
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News briefs
Asics Europe has named Alistair Cameron to be its new...
Asics Europe has named Alistair Cameron to be its new president and chief operating officer. His predecessor, Katsumi Kato, is moving to Kobe, Japan, where he will be the general manager of the global business management department. A former president of New Balance Europe, the British Cameron left Clarks last ...
