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Intersport Switzerland Grew FY14 Profit Amid Dealer Attrition
Intersport PSC Holding AG, which owns the Intersport retail franchise in Switzerland, cut its way to higher profits in fiscal 2014 after a lack of snow and dealer attrition caused its sales to decline. It expects sales to continue declining in fiscal 2015...(12/19/2014)
Nike Takes ACG Subrand Urban
Nike Inc. rebooted its Nike ACG - or All Conditions Gear sub-brand - as NikeLab ACG last week with an urban aesthetic it hopes will catch on in global fashion capitals. The launch marked a big departure for AGC, which has struggled to get a foothold in the specialty outdoor and snow sports markets. It also comes as Outdoor Industry Association beseeches outdoor brands to do a better job of designing for and marketing to urban dwelling millennials.(12/19/2014)
Fox Factory to Acquire Race Face and Easton Cycling in Transformative Deal
Fox Factory Holding Corp. took decisive action to fix an unexpected deterioration in its mountain biking sales last week by signing a definitive agreement to acquire all the assets of the Race Face and Easton Cycling businesses, which design, manufacture and distribute high-performance components for the global OEM and aftermarket sectors...(12/14/2014)
Ocean Container Lines Suspend Congestion Surcharges Until Jan. 1
Major ocean container lines carrying the vast majority of Asian imports to ports along the western United States have pledged not to impose port congestion surcharges until 2015, according to the Federal Maritime Commission...(12/14/2014)
Jack Wolfskin Debt Prices Drop Following Investor Meeting
Debt securities issued by Jack Wolfskin' GmbH have dropped between 9 and 13 percent in value in secondary trading markets in the last month, according to a report by Reuters that cites trading data collected by its affiliate, Thomson Reuters LPC.(12/14/2014)
Lululemon Cites Port Delays in Lower Fourth Quarter Guidance
Lululemon Athletica Inc., which has tied part of its growth to flowing new product through its stores more frequently, expects growing delays at West Coast ports to shave $10 million from its fourth quarter sales...(12/13/2014)
Amer Sports to Relocate Mavic's U.S. Office to Ogden Campus
Mavic Inc. will relocate from Haverhill, MA to Ogden, UT next summer to fully integrate with Amer Sports Winter and Outdoor (AWSO) Americas...(12/13/2014)
Glowing Tents, Helinox Brand Fuel Hiring Spree at Big Agnes
Big Agnes's has hired two top managers from Eastern Mountain Sports (EMS) and added four other employees in recent months to prepare for explosive growth in 2015.(12/13/2014)