All Sporting Goods Intelligence articles in Volume 24, Issue 30-31 – Page 5
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News briefs
Skullcandy has obtained a credit line of up to $50...
Skullcandy has obtained a credit line of up to $50 million, secured against the company's assets, from Wells Fargo Bank. The company says it will be used for general corporate purposes. The credit line provides for letters of credit of up to $10 million.
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News briefs
Karstadt will set up 50 Timberland shop-in-shops of up to...
Karstadt will set up 50 Timberland shop-in-shops of up to 40 square meters in its department stores throughout Germany, offering either shoes or clothing or both. The first such area has already opened in Karstadt's store in Essen, where the retailer has its head office. Another one is due to ...
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News briefs
At the Eurobike show in Friedrichshafen, 496 products from a...
At the Eurobike show in Friedrichshafen, 496 products from a total of 30 countries competed for this year's Eurobike Awards. The judges selected 61 entries as award winners and ten of them received a gold award. The ten gold award winners were the U.S. company Niner Bikes in the category ...
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News briefs
As of last month, 42 retailers had adopted the new...
As of last month, 42 retailers had adopted the new SportXtreme concept proposed by the GMS buying group at the beginning of this year. Thirteen have signed contracts with GMS in Germany, eight in Austria and 21 in the Netherlands. One Dutch store has already been renovated based on the ...
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Article
Big drops for 361 Degrees
361 Degrees was no exception to the string of ghastly half-year reports that came from the Chinese sports market in the last days: The Chinese company's sales crashed by 30.4 percent to 1,998.2 million yuan renminbi (€247.1m-$326.7m) and its operating profit collapsed by 52.5 percent to RMB306.1 million (€37.9m-$50.0m) for the six ...
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News briefs
An income tax benefit of $34.3 million allowed Nautilus to...
An income tax benefit of $34.3 million allowed Nautilus to report net earnings of $32.9 million for the second quarter. Excluding the extraordinary gain, the fitness company had a loss of $1.6 million for the period, compared with $700,000 in the year-ago period. The gross margin improved by 4.4 percentage ...
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Article
Yue Yuen predicts a recovery in 2014
Wage hikes in Indonesia and retail discounts in China contributed to a sharp decline in the net profit of Yue Yuen Industrial (Holding) for the first six months of the year. The footwear manufacturing giant predicted that 2013 would be a year of consolidation but that a new era of ...
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Article
Bikes and accessories make up for 14% of the global sports market
NPD Group estimates that the worldwide cycling market was worth €38.5 billion after VAT at retail level in 2012. The data, reported by Bike Europe, also show that cycling, including bike parts and accessories as well as the sale of bicycles for day-to-day transportation, represents the biggest single category in the ...
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News briefs
Adidas will launch on Sept. 14 a new away kit...
Adidas will launch on Sept. 14 a new away kit for the sponsored FC Bayern München team, the incumbent winner of the Uefa Champions' League, whose design is inspired by the typical Bavarian “Lederhosen.” The shorts resemble the leather breeches worn by beer drinkers, especially during the Oktoberfest. They ...
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News briefs
Yonex raised its sales by 9.7 percent to 10.4 billion...
Yonex raised its sales by 9.7 percent to 10.4 billion Japanese yen (€79.2m-$104.5m) in its first fiscal quarter, ended June 30. The gross margin was down by 2.4 percentage points to ¥39.1 million (€0.30m-$0.39m), as compared to a year ago, but the company posted net income of ¥176 million (€1.3m-$1.8m) ...
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Article
European sports retail sales grew by 2.1% in 2012
Boosted by football and Olympic mega-events, consumers' purchases of sporting goods in 15 key Western European countries increased by 3.8 percent to €54.9 billion in 2012, according to an annual survey by SGI Europe. In terms of local currencies and before sales taxes, which went up in some countries, they ...
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News briefs
Sports Direct International has completed the placement of 17.0 million...
Sports Direct International has completed the placement of 17.0 million ordinary shares by the Sports Direct Employee Benefit Trust, representing about 2.84 percent of the company's share capital, at a price of 660 pence per share. Sports Direct's employees had decided to sell them as a portion of those that ...
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