All Sporting Goods Intelligence articles in Volume 24, Issue 19-20 – Page 4
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Article
Look Cycle looks for investors and new activities
Look Cycle has mandated a financial adviser, Bryan Garnier, to examine ways in which it can raise more capital to implement a plan to more than double its annual sales to around €100 million through acquisitions or through a diversification into other sectors such as billiards, tennis or golf equipment. ...
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Article
More real estate action in Oregon
On, the young Swiss brand of high-performance running shoes, has opened a U.S. sales office in the Pearl District of Portland, Oregon. It is headed up by Ted Goodlake, the brand's director of North American sales, who will be working with eight full-time employees and five independent sales reps. On ...
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Short stops
Vanessa Raw, a British triathlon champion, is going to act...
Vanessa Raw, a British triathlon champion, is going to act as one of the testimonials of Speedo
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News briefs
Li & Fung is contemplating the acquisition of Marina Yachting,...
Li & Fung is contemplating the acquisition of Marina Yachting, Henry Cotton's and other secondary brands of the Moncler group in association with the Argos Sotidic fund, according to Il Mondo. The Italian weekly magazine says that Moncler would then go public at the end of this year, with the ...
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News briefs
Orvis has announced that it will acquire the Scientific Anglers...
Orvis has announced that it will acquire the Scientific Anglers and Ross Reels businesses from 3M. Upon completion of the transaction, the terms of which were not disclosed, Orvis plans to continue to operate these businesses independently. Orvis will not carry Scientific Anglers-branded fly lines in its catalog, stores or ...
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News briefs
Brekka, the Italian brand of headwear and other winter accessories,...
Brekka, the Italian brand of headwear and other winter accessories, is targeting growth of at least 30 percent this year, thanks mainly to the expansion of its sales outside its domestic market. One important factor for this year's exceptional growth will be the company's breakthrough into the North American market ...
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News briefs
The French market for swimwear, beachwear and related accessories is...
The French market for swimwear, beachwear and related accessories is worth €442 million, according to a study conducted by NPD Group. This was the turnover in 2012, up 2 percent on the previous year, including swimsuits as well as pool sandals, goggles, swim caps and water exercise equipment. The market ...
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News briefs
A court in Barcelona has accepted the voluntary bankruptcy of...
A court in Barcelona has accepted the voluntary bankruptcy of Vilella Sports, the former Spanish distributor of Mizuno. According to a report in Tradesport, the Japanese company had broken the relationship last January, claiming delays in payments, and is now planning to set up its own subsidiary in the country, ...
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News briefs
Michael Tomson, 58-year-old co-founder of Gotcha surfwear, was arrested on...
Michael Tomson, 58-year-old co-founder of Gotcha surfwear, was arrested on May 1 after a traffic accident in Laguna Beach, California, on suspicion of cocaine possession and driving under its influence. Tomson was released by the police after posting bail of $100,000.
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News briefs
Skullcandy's sales fell by 30.4 percent in the first quarter...
Skullcandy's sales fell by 30.4 percent in the first quarter due to a more selective sales policy in North America, where its turnover dropped by 37.9 percent to $28.7 million. In the rest of the world, the headphone company's sales increased by 17.5 percent to $8.4 million but were essentially ...
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News briefs
Toray Industries suffered a 24.5 percent drop in net income...
Toray Industries suffered a 24.5 percent drop in net income to 48.5 billion yen (€367.9m-$478.3m), falling below its previous projections as its sales grew by only 0.2 percent to ¥1,592 billion (€12.0b-$15.7b) due to lower demand from the automotive sector and the economic slowdown in Europe and China. However, its ...
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News briefs
Measured against strong performances in the first quarter of 2012,...
Measured against strong performances in the first quarter of 2012, Garmin's sales rose by only 1.7 percent in the fitness segment to $72.4 million in the 13-week period ended March 30, and they fell by 1.3 percent to $76.2 million in the outdoor segment. Gross margins rose to 62.1 percent ...
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News briefs
The 2012/2013 skiing season was a good one for mountain...
The 2012/2013 skiing season was a good one for mountain sports shops in France. According to FPS, the French sporting goods retailers' association, the turnover across 1,100 such stores grew by 6 percent. The positive performance was boosted by 6.5 percent higher revenues from equipment rentals. Now 70 percent of ...
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News briefs
Décathlon is opening its 19th German store in Neustadt on...
Décathlon is opening its 19th German store in Neustadt on a surface of 2,450 square meters. Fighting against the competition from established traditional German retailers, Décathlon opened four new stores in Germany last year including a downtown location in Essen's Rathausgalerie. Another downtown store is reportedly planned for Mannheim's former ...
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News briefs
The 17 graduate students of the EMLyon Business School (www.em-lyon.com)...
The 17 graduate students of the EMLyon Business School (www.em-lyon.com) who are following the MSc program in Sports and Outdoor Industry Management (SOIM) - described as the first graduate business course in our sector - have expressed a high level of satisfaction after the first eight months of the curriculum. ...
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News briefs
Descente reports a 15 percent rise in net income to...
Descente reports a 15 percent rise in net income to 5,639 million yen (€42.8m-$55.6m) for the financial year ended March 31 as its consolidated revenues grew by 11 percent to ¥91.9 billion (€696.6m-$906.4m). For the current fiscal year, the Japanese company is now forecasting a net profit of ¥6.1 billion ...
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News briefs
A private equity firm with $15 billion assets, Onex Corp.,...
A private equity firm with $15 billion assets, Onex Corp., is acquiring Nielsen Expositions for $950 million in cash. The U.S. company operates more than 65 trade shows and conferences every year, including Interbike, the Health + Fitness Expo and the Outdoor Retailer Winter and Summer Markets. Owned by Nielsen ...
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News briefs
SmartGuy, a 13-year-old Danish company that sells fashion and sports...
SmartGuy, a 13-year-old Danish company that sells fashion and sports clothing over the internet through the website SmartSport.dk, has reportedly purchased a German online sporting goods retailer, Sportprofi.de. The deal cost SmartGuy 8 million Danish kroner (€1.1m-$1.4m) for the German operation, which is expected to generate annual sales of between ...
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Article
Black Diamond posts 10% sales rise, despite colder late winter
Black Diamond Inc. reported total sales of $51.0 million for the first quarter ended March 31, representing a 10 percent increase on the first quarter of 2012. Sales went up by 6.9 percent to $20.1 million in the U.S. and by 11.9 percent to $30.9 million in other parts of ...
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News briefs
And1 has announced a partnership deal with IMG to produce...
And1 has announced a partnership deal with IMG to produce a new signature basketball tournament in the summer of 2013. The New York-based brand of basketball clothing and footwear has already organized numerous events featuring players who have become professionals in the NBA and in other basktball leagues around the ...
