All Article articles – Page 109
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ArticleReducing energy costs in European retail: a colder, darker winter
With energy prices skyrocketing and the need to replenish gas reserves before winter, everyone is doing their part, and global energy conservation measures have already been taken in the retail sector. While customer service and satisfaction are top priorities in retail, stakeholders may be reluctant to engage in actions that ...
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ArticleCallaway Golf to change company name
Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. Following the company’s merger with Topgolf in 2021, “the name change reflects Callaway’s dynamic brand portfolio that has unmatched scale and reach across the full modern golf and active lifestyle ecosystem, including on- and off-course ...
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ArticleXtep profit jumps 38 percent in H1
The operating income of Chinese sportswear brand Xtep International rose 34.8 percent to 922 million yuan renminbi (€130.9m) for the six months ended June 30, with attributable profit increasing 38.4 percent to RMB 590 million (€83.8m). The operating profit margin slipped slightly to 16.2 percent from 16.5 percent. Total ...
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ArticleTrans-Textil introduces water-based, breathable and waterproof functional layers
Trans-Textil, a German developer and manufacturer of functional textiles, presented its Topaz Purable functional systems based on aqueous technologies to a wider trade audience for the first time this summer at Techtextil in Frankfurt. The company completely eliminates the use of organic solvents in production. In combination with its PFC-free ...
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Article361 Degrees reports 8.7 percent gain in H1 operating income
361 Degrees, which has opted against an interim dividend to preserve cash for the long-term and help meet challenges, generated an 8.7 percent increase in first half operating income to 771.9 million yuan renminbi (€109.6m) for the six months ended June 30. The operating profit margin slipped to 21.1 percent ...
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ArticleE-commerce, DTC model bolstered Anta H1 Sales
Anta Sports Products recorded a 13.8 percent increase in first half revenues to 25,965 million yuan renminbi (€3,687.0b) thanks to contributions from its direct-to-consumer and e-commerce segments, which helped to offset a 34 percent sales decline in its traditional wholesale business that was adversely impacted by the pandemic. DTC sales ...
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ArticleNorwegian sports specialty market grew by 3.6% in 2021
According to data compiled by the Norwegian sporting goods industry association, Norsk Sportsbransjeforening, Europe’s highest per capita sporting goods market recorded a 3.6 percent increase in 2021 among its nine top banners to 14,875 million Norwegian kroner (€1.46b) from 14,363 million in 2020. The trade group intends to release a ...
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ArticleCanada Goose appoints president for its China business
Source: Canada Goose Larry Li, president China Canada Goose announced the appointment of Larry Li as president China, effective immediately. In this role, Li will oversee all business operations of the Canadian brand in mainland China, including retail, marketing and finance. He will be based out of ...
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ArticleFoot Locker lowers FY22 outlook slightly, but stock soars on CEO hire
U.S. retail chain Foot Locker, which operates 630 doors across Europe, has modified its FY22 outlook downward due to likely additional pressures on its H2 business. But the revision, coupled with a 9 percent decline in second-quarter sales and a 76 percent drop in Ebit for the period ended July ...
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ArticleKasper Rorsted to leave Adidas
Source: Adidas AG Kasper Rorsted, CEO Adidas AG has announced that Kasper Rorsted, CEO, and the company’s supervisory board have mutually agreed that Rorsted will step down from his position in 2023. The search for a successor has already begun. Rorsted will continue as CEO until a ...
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ArticleJohnson to retire as chairman and CEO of Foot Locker
Source: Retail Industry Leaders Association (RILA) Mary N. Dillon Foot Locker, Inc., the New York-based specialty athletic retailer, announced that, as part of a planned succession process, Richard A. Johnson will retire as president and CEO, effective Sep. 1, 2022. Mary N. Dillon, former executive chair and ...
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ArticleBjörn Borg’s sales are down but own e-commerce posts strong growth
Group net sales from Swedish firm Björn Borg amounted to 161.5 million Swedish kronor (€15.2 million) in the quarter ended June 30, a decrease of 0.8 percent compared to the second quarter of last year. Adjusted for currency effects, revenues decreased by 4.2 percent. The sales decline was mainly attributed ...
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Article“This is bullshit”: Burton objects to article hinting at sale of company
Bloomberg News published an article speculating about a possible sale of Burton, without disclosing any details on the source or the potential buyer’s identities. According to Bloomberg, “the Burlington, Vermont-based company is working with an adviser on the potential sale, the people said, asking not to be identified discussing confidential ...
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ArticleSuper Retail Group posts strong H2 comps
Super Retail Group (SRG), the Australian company that owns the Rebel Sport, Boating Camping Fishing (BCF) and Macpac retail chains, posted 2.8 percent annual sales growth to 3,550.9 million Australian dollars (€2,285m) for the 53 weeks ended July 2. Comparable store sales increased by 5.0 percent in H2, aided by ...
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ArticleNew Wave’s Sports & Leisure segment sees 53% sales growth in Q2
The Swedish-based New Wave Group, which owns sports brands like Craft and Cutter & Back and distributes several others, saw total sales in the second quarter ended June 2022 rise by 36 percent to 2,019 million Swedish kronor (€191.0m), with growth led by the rise in the top line of ...
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ArticleWomen’s football in Europe to grow sixfold in commercial value by 2033
UEFA has launched a new report highlighting the potential for growth in the European women’s club and league game over the next decade. According to the report titled The Business Case for Women’s Football, women’s football could see a six-fold increase in its commercial value over the next decade, reaching ...
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ArticleSigna Sports United results impacted by continued bike woes
Signa Sports United’s third-quarter results were negatively impacted by deteriorating consumer sentiment and persistent supply chain issues for its bike and e-bike business. The Berlin, Germany company adapted operations in the wake of heightened inflationary pressures and a worsening geopolitical landscape in its core European markets. The adjusted Ebitda ...
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ArticleLi Ning gets double-digit H1 sales gains from running, basketball
Operating profit (Ebit) at Li Ning Company increased 4.1 percent to 2,643 million yuan renminbi (€375.3m) for the six months ended June 30 as total revenues rose 21.7 percent to RMB 12,409 million (€1.76b). The six-month gross margin slipped to 50.0 percent from 55.9 percent. The H1 net profit attributable ...
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ArticleISPO Shanghai in Nanjing with record attendance
The latest edition of ISPO Shanghai, which was held in Nanjing due to the pandemic, welcomed 20,089 industry visitors, compared to about 19,000 in 2021 (+6%) and 17,800 in 2020. The event featured 342 brands from 210 exhibiting companies and took place at the Nanjing International Exhibition Center (NIEC) on ...
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ArticleFila’s Q1 revenues boosted by Acushnet, royalty income
Fila Holdings group revenues rose 15.0 percent (+4.3% currency neutral) to a quarterly record high of 1,171,903 million Korean won (€820.3m) in the second quarter ended June 30. More than 18 percent revenue growth at Acushnet to KRW 828,977 million (€580.3m) fueled by solid demand in North America and a ...
