All Sporting Goods Intelligence articles in Volume 24, Issue 36-37 – Page 4
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News briefs
Fletcher Leisure Group of Canada has been placed in receivership....
Fletcher Leisure Group of Canada has been placed in receivership. The company owns the Sunice label and is the golf apparel licensee for AUR, Tommy Hilfiger and Bridgestone. Reports indicate that Fletcher's receiver, PriceWaterhouseCoopers, is about to sell some of the assets to an unnamed strategic investor. Fletcher dismissed 55 ...
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News briefs
Stefanie Gruber has been promoted by Sportalm to be in...
Stefanie Gruber has been promoted by Sportalm to be in charge of international sales, following the departure of the former sales manager, Andreas Gotschke. In her new position, Gruber will also develop store franchising and shop-in-shop solutions. Before joining the Austrian sports apparel company, she worked for Strenesse, René Lezard, ...
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Article
Shimano grows because of the yen
The devaluation of the Japanese yen helped Shimano to post a 12.2 percent increase in total sales to 66.4 billion yen (€491m-$661m) during its third quarter, which ended on Sept. 30. The bicycle segment recorded a sales increase of 10.1 percent to ¥52.1 billion (€387m-$521m), while fishing tackle went up ...
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Short stops
Kohlberg Management has reduced its stake in Bauer Performance Sports...
Kohlberg Management has reduced its stake in Bauer Performance Sports to 10.3 percent following the sale of 6,325,000 shares including an over-allotment option, which netted proceeds of 76.9 million Canadian dollars (€54.5m-$73.5m)
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Article
Basicnet improves results sharply
Net earnings increased to €2,100,000 in the third quarter for the parent company of Kappa, Robe di Kappa, K-Way and other brands from €1,201,000 in the comparable period of 2012 in spite of a drop in consolidated direct sales of 6.8 percent to €28.6 million. The gross margin improved to ...
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Article
Puma goes backto sports
Puma is ditching its “sports lifestyle” tag to be unequivocally positioned as a “sports” company again: This is the strategic angle outlined last week in Herzogenaurach by Bjørn Gulden, the company's chief executive since the start of July.The new approach is encapsulated in a brand tagline to be used in ...
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News briefs
Babolat has launched a special new synthetic tennis string, called...
Babolat has launched a special new synthetic tennis string, called Babolat Origin, that combines power and comfort. Using an organically sourced polyamide integrated in a monofilament construction, called Pure Combo, it is said to provide an unmatched level of elasticity and flexibility for a monofilament string. It will be available ...
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News briefs
J.Lindeberg recently opened its second store in the traditional Austrian...
J.Lindeberg recently opened its second store in the traditional Austrian ski resort town of Solden. The store, which is franchised, had its grand opening in conjunction with the recent Alpine Skiing World Cup. According to Sportfack, the Swedish company plans to invest more in sport fashion and to expand its ...
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News briefs
Karl Ibscher is joining the executive board of Intersport Austria...
Karl Ibscher is joining the executive board of Intersport Austria to oversee its merger into Intersport Germany. The 43-year-old expert in mergers and acquisitions has been on Intersport Austria's supervisory board since 2009.
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News briefs
Grifone is organizing a contest intended to associate its image...
Grifone is organizing a contest intended to associate its image with the Pyrenees Mountains, where the Spanish outdoor apparel company has its headquarters. It will select by Jan. 31 an adventurer with good communication skills who will receive €6,000 from Grifone to tour throughout the mountain range in a camping ...
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Article
Strong growth by Asics Europe in new categories
Asics Europe reports that its sales increased by 7 percent in the first six months of 2013, recording further gains in market shares, with double-digit growth in running apparel and strong single-digit growth in running shoes on a currency-neutral basis and excluding Haglöfs' turnover.Sales of running apparel grew by 48 ...
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Article
Asics improves sales and earnings
Across the group, Asics Corporation recorded an increase in its turnover of 21.4 percent to ¥153.6 billion (€1,141m-$1,536m) in the six months ended last Sept. 30 from the corresponding 2012 period. The company mentioned among the factors for the growth the depreciation of the yen, the launch of new models ...
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News briefs
Confirming an article in SportEco, TSL says it is going to...
Confirming an article in SportEco, TSL says it is going to launch a highly innovative Nordic walking pole at the 2014 OutDoor show, but doesn't want to give away any details. The French snowshoe specialist already markets a line of rather technical Nordic walking poles, with sales stablizing at around 20,000 ...
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Short stops
Under Armour has joined the list of approved suppliers at...
Under Armour has joined the list of approved suppliers at Foremost Golf
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News briefs
Volcom has appointed Kevin Meehan to the new position of...
Volcom has appointed Kevin Meehan to the new position of president of North America, completing a lineup of managers dedicated to specific regions or countries, including Europe, Australia, Japan and Hong Kong. The North American market was previously handled by Jason Steris who will now concentrate on his main responsibility ...
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Short stops
Sram's exclusive distributor, Kalnai Sports, has applied for insolvency proceedings...
Sram's exclusive distributor, Kalnai Sports, has applied for insolvency proceedings
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Article
Ping buys out its European apparel licensee
Meanwhile, Ping, the American golf company, has announced that it has bought the Ping apparel business that has been built up by Peter McGuigan, for an undisclosed price. Through a company in the Manchester area called PMG International, which shut down a few weeks ago, McGuigan had been the licensee ...
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Article
Jarden buys another fishing brand
Jarden Corporation has reported a 2.0 percent decline to $670.6 million for its sales in the Outdoor Solutions segment during the third quarter ended Sept. 30, but on organic basis they grew by 4.1 percent. . In the U.S., total segment sales were stronger in specialty channels and among independent ...
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News briefs
Sports Marketing Surveys has announced the appointment of Michael Stone...
Sports Marketing Surveys has announced the appointment of Michael Stone to the newly created position of head of research. John Bushnell, managing director of the U.K.-based market research company, said that his addition to SMS' team will ensure that clients will get more sophisticated qualitative research and analysis to complement ...
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News briefs
Andy Ronnie, a former manager of Ellesse and Diadora in...
Andy Ronnie, a former manager of Ellesse and Diadora in the U.K., has been appointed managing director of Kooga Rugby, the rugby apparel company owned by JD Sports Fashion. He will continue as managing director of UK Source Lab, which specializes in the development of licensed football apparel. Meanwhile, Kooga ...
