All Sporting Goods Intelligence articles in Volume 26, Issue 35-36
View all stories from this issue.
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Article
Strong results for Shimano
In the first nine months of this year, Shimano experienced double-digit increases in sales and profits for its two main segments, due in part to the depreciation of the yen. The results were stronger than expected in the third quarter. For the nine-month period, sales of bicycle components went up ...
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Article
Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the price of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales . As company officials feel that the strength of the ...
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Article
Soaring sales, weaker margins for UA
Under Armour 's quarterly turnover surpassed $1 billion for the first time in the three months until the end of September. However, investors' reactions were mitigated by the company's weakened profit margins, caused by the increased proportion of footwear in the product mix as well as investments in infrastructure and ...
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Article
Rapala makes a pause in the quarter
Rapala VMC's sales increased by 3 percent to €218.6 million in the nine months ended Sept. 30, up by one percent in constant currencies, but they fell by 5 percent in the third quarter, both in euros and in local currencies, due primarily to timing issues in the U.S. Consequently, ...
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News briefs
Newton Running has reportedly laid off some sales representatives and...
Newton Running has reportedly laid off some sales representatives and staff members at its head office in Boulder, Colorado, as part of a restructuring plan led by Joe O'Neil, who became the company's chief executive at the beginning of this month. Newton declined to provide details on the reorganization, which ...
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Article
Kering reports a steady sales rise for Puma
Striving to regain impetus, Puma 's turnover increased by 8.3 percent to €918 million in the third quarter, amounting to a rise of 3.9 percent in constant currencies and excluding structural changes. The increase was driven by the footwear category, which has been earmarked by Puma managers as a priority ...
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Article
A new joint industry initiative on labor standards
A group of some of the world's biggest sports and outdoor brands, along with retailers, NGOs and industry groups, have launched the Social and Labor Convergence Project, a collaborative initiative aimed at developing a standardized methodology for social and labor performance assessment in the global apparel and footwear manufacturing sector. ...
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News briefs
Li Ning reported that its same-store sales increased at a...
Li Ning reported that its same-store sales increased at a high single-digit rate for the third quarter, in its stores and through its online retailing business. Sales in its own stores were up at a mid-single-digit rate, while sales through franchised distributors advanced at a low single-digit rate. The comparable ...
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Article
Moderate growth for Jarden’s outdoor unit
Jarden Corp. reported a 3.6 percent drop in sales in the third quarter to $654.5 million for its Outdoor Solutions segment, which includes Coleman, K2, Völkl, Marker, Dalbello, Marmot, Berkley, Shakespeare, Rawlings and about 15 other sporting goods brands. Organically, sales rose by 3.7 percent. The segment's earnings inched ...
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News briefs
Growing the fitness sector through innovation will be the topic...
Growing the fitness sector through innovation will be the topic of the third European Health and Fitness Forum, which will be held in Cologne in April just ahead of Fibo, the international trade fair for the fitness industry. The forum is organized by Fibo and Europe Active, the former European ...
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Article
Skechers’ expansion goes on
A sales jump of 52.9 percent in wholesale revenues outside the U.S. contributed to another record turnover for Skechers USA in the third quarter. The company chalked up sales of $856.2 million for the quarter, an increase of 27.0 percent. The international sales hike was achieved despite the impact of ...
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News briefs
Fibo is taking measures to enhance its profile as a...
Fibo is taking measures to enhance its profile as a trade fair for the international fitness industry. Fibo attracted a record number of visitors last year, with 136,000 people turning up at the Exhibition Centre in Cologne, but the organizers want to provide more specific space and services for trade ...
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News briefs
Kettler says it has negotiated with employee representatives a rescue...
Kettler says it has negotiated with employee representatives a rescue plan involving the elimination of 198 jobs as part of wider restructuring measures. The German fitness and leisure equipment company went into self-administered receivership in June, while several investors were said to show interest in the family-owned company. Creditors supported ...
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Short stops
Jim Sports is taking on the distribution of Starter in...
Jim Sports is taking on the distribution of Starter in Spain
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Article
SDI snaps up Direct Golf
Sports Direct International (SDI), the leading British sports retailer, has taken over the business and assets of of Direct Golf UK, which was put into judicial administration earlier this month following alleged accounting issues. As previously reported, Direct Golf was at the center of a tug-of-war between SDI, which acquired ...
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News briefs
Decathlon opened its first store in Thailand earlier this month,...
Decathlon opened its first store in Thailand earlier this month, as part of a program to open five stores in Bangkok by the end of November. The stores are to be spread across the capital, including one right in the center, and they should cover between 1,700 and 2,700 square ...
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Article
Garmin is hit by currencies
Fitness-related devices generated a sales increase of 23 percent to $143.2 million for Garmin in the third quarter, nearly making up for declines in other product categories , from outdoor to automotive and aviation, while marine sales were flat. The group's sales slipped by 4 percent to $679.7 million ...
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News briefs
Sports Connection, the distributor of Skechers in the Nordic countries,...
Sports Connection, the distributor of Skechers in the Nordic countries, says that its sales grew by more than 125 percent so far this year. The biggest growth took place in Denmark, the distributor's home market, but the other three Nordic countries – Sweden, Norway and Finland – also registered an ...
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News briefs
Manz, a German engineering company, has formally signed a partnership...
Manz, a German engineering company, has formally signed a partnership agreement with Adidas to contribute to its Speedfactory project. The company, based in Reutlingen, says the deal builds on the development of new automated production technology for sports equipment, allowing the design of custom-tailored shoe components, textiles and accessories to ...
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News briefs
Frank Saeger is no longer in charge of sales in...
Frank Saeger is no longer in charge of sales in Germany, Austria and Northern Italy for Sealskinz. His functions will be taken over by Mike Storey, international sales director of the British supplier of sport socks company. The decision is said to be related to a recent investment in the ...
