The Japanese company has announced an 11 percent jump in its consolidated net income to ¥3,143 million (€31.2m-$39.9m) for its fiscal year 2011-12, which ended March 31. Total sales were up by 3.3 percent and reached ¥154,982 million (€1.54b-$1.94b). Mizuno managed to raise its sales basically in all geographical regions on a currency-neutral basis. Most...
The International Olympic Committee has called on the athletes and accredited persons participating in the upcoming London Games not to use Facebook, Twitter etc. in a way that may hurt the rights of the official media and sponsors. While the IOC may have some authority on the athletes in this matter, it will be by...
Puma has formally established a 100 percent owned subsidiary in Israel. It will begin operations next Jan. 1 under the management of Guy Daneman, and it will start opening Puma stores at strategic locations as of 2013. Grundman & Company, which has been representing the brand in Israel for more than 20 years, will continue...
Blue Tomato, the big international online and offline retailer of boardsports products based in Austria, is encouraging its customers to buy its reusable “Surfer’s Bottle” to reduce plastic bottle waste, raising general awareness of environmental issues while helping the people of Bali and neighboring islands. One-fifth of the proceeds from the sale of the bottles...
Continuing its strong growth, Asics Europe announced a 15.3 percent increase in its sales for the 2011 calendar year, excluding the acquisition of Haglöfs. Sales of running shoes and running apparel grew by 22 and 26 percent, respectively. In tennis, Asics posted a double-digit increase with its footwear and a triple-digit increase with its apparel....
Elan received the prestigious title of “Most Innovative Brand” of sports equipment in 2012 from the jury of the Plus X Awards. The Slovenian brand, which has already collected several other awards, was one out of 25 brands that were given the prize in as many product categories at a ceremony in Cologne last Thursday night....
Golf Town, the largest golf retail chain in Canada, has struck an agreement to acquire Golfsmith, the largest golf retailer in the U.S., in a merger deal that will create the world’s largest specialty golf retailer, with about 150 stores in North America and annual sales approaching $800 million. The future combined group may enter...
Reinhard Dischner is the new director of apparel at Puma, succeeding Yvonne Leguil who joined the company in 2009 and has decided to leave at the end of this month for personal reasons. Dischner has been with Puma for 10 years, most recently in the position of director of product & merchandise management for apparel....
Dorel Industries, the owner of prestigious bicycle brands like Cannondale, GT and Mongoose, reported record results for its bike division in this year’s first three months: The cycling segment’s operating margin rose to 9.7 percent from 8.9 percent in the same quarter a year ago, while sales advanced by 10.2 percent to US$221 million. The...
The European Cyclists’ Federation (ECF) was not 100 percent pleased about the priorities set at the International Transport Forum held in Leipzig, Germany, last week, rallying 53 transport ministers from OECD member countries as well as politicians, industry executives and academics involved in transport issues. According to ECF, there was too much talking about sea...
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