The New Wave Group of Sweden had a 27 percent increase in sales to 1,245.4 million Swedish kronor (€131.6m-$188.9m), bumping its net income for the second quarter by 16 percent to SEK85.8 million (€9.1m-$13.0m). Sales, especially in the USA, were boosted by last year’s acquisition of Cutter & Buck. Organic sales were up by 11 percent in the period, growing everywhere except in the USA. The Euro 2008 championships led an increase of 45 percent in retail growth to SEK 917 million (€96.9m-$139.1m). The operating margin for the group was 11.9 percent for the quarter ended June 30, down from 12.3 percent in the same period last year. Meanwhile the group has named Randy Royce to be its new chief buying officer. He comes from his position as manager of the company’s buying office in Bangladesh, and has also been a production manager for Cutter & Buck and brand and merchandising manager for Nordstroms. He replaces Joakim Holmberg in his new job.