Athletics – Page 3
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Sales dip after strategic adjustments at Asics Europe
The decision to adjust the distribution of iconic footwear by Asics in European markets has led to an underlying sales decline of 7.5 percent for the Japanese brand in Europe, the Middle East and Africa (EMEA) for the first quarter. But the company points out that it fits with the ...
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Vans and retailing lead growth for VF
Buoyant demand for the Vans brand, robust own retail sales and international markets just about made up for sluggishness in the U.S. market for VF Corporation in the fourth quarter.The group reported flat sales of about $3.3 billion for the quarter, an increase of 1 percent in constant currencies. VF's ...
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Weak U.S. wholesale market impacts VF
The North Face's turnover soared by 20 percent in constant currencies for the third quarter in Europe, the Middle East and Africa (EMEA), but this ample rise could not make up for weakness in the North American wholesale market. This has more broadly affected sales at VF Corporation, the owner ...
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Peak Sport invests in efficient retailing and international markets
Peak Sport Products blamed sluggish economic conditions and intense competition in the Chinese market for a decline of 6.0 percent in sales to 1,298.1 million yuan renminbi (€173.7m-$194.6m) in the first half of this year, although it has been improving its store network and expanding in international markets.Peak Sport saw ...
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Amer Sports raises organic sales targets
Amer Sports has raised its target for organic growth, aiming to reach sales of €3.5 billion without acquisitions in 2020, with at least mid-single digit annual organic sales growth in constant currencies. The target issued last year called for the same level of sales to be achieved through a combination ...
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Brooks takes over in Spain, too.
Brooks Running has set up a new Spanish subsidiary in the Barcelona Moda Centre, after working for several years with a sales agency, Sigma Sport. The new Spanish operation, which also covers Portugal, will be run by Dan Rickfelder, who has been with Brooks for almost two decades. He was ...
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Strong rebound for Puma in Europe
Puma strongly rebounded in Europe in the second quarter, pushed up by the European football championships as well as a broader uptick in sales across many countries and distribution channels.Puma's turnover in Europe, the Middle East and Africa (EMEA) jumped by 18.8 percent to €321.3 million for the three months, ...
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Weak quarter for Timberland affects VF sales guidance
The outdoor and action sports business at VF Corp brought in mixed results for the second quarter ended July 2, combining sales increases for The North Face and Vans, and a decline for Timberland, caused by the Americas and Asia-Pacific.The group said it was broadly on track but the Timberland ...
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Shoe Dog sheds light on Knight's character
Phil Knight's formal retirement from Nike comes just a few weeks after the publication of his sharply-penned and sometimes personal account of the brand's early days. Shoe Dog provides captivating insights into the joys and mishaps of the “Crazy Idea,” when a somewhat aloof “Buck” Knight and a small band ...
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Peak Sport invests in running and sports events
While continuing to raise its sportswear sales in China and in international markets, Peak Sport Products intends to expand laterally by operating as a sports agency and an organizer of sports events, fitness camps and training programs. The Chinese sports company says it wants to invest in technology and staff ...
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Amer gears up for expansion in ball sports and fitness
Amer Sports ended last year with a robust fourth quarter, again fueled by sharp rises in apparel and footwear sales. The turnover of the Finnish group, with brands from Salomon to Atomic, Arc'teryx, Wilson and Precor, among others, increased by 11 percent to €783.7 million, with a rise of 6 ...
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Coe relinquishes Nike ambassador deal
Sebastian Coe, president of the International Association of Athletics Federations (IAAF), has relinquished his deal as a Nike ambassador, after increasing unrest over what some critics have described as a potential conflict of interests. At a conference in Monaco on Thursday, Coe denied any such issues but admitted that the ...
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Strategic changes pay off at Amer Sports
Following strategic changes begun last year, the balls sports business at Amer Sports contributed a sharp rise in the group's sales for the third quarter, while the company's turnover continued to advance briskly in apparel, footwear, own retailing and China.The Finnish group's sales increased by 11 percent to €713.7 million ...
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Dynafit and Salewa move into Asian markets
The Oberalp Group is building up its business in Asia, with licensing and distribution deals signed or in advanced discussions in China, South Korea and Taiwan, and with distinct approaches for the Salewa and Dynafit brands. In South Korea, Oberalp has sealed a licensing and distribution agreement for Salewa with K2. ...
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Nike wows the market
Nike started its fiscal year with an exuberant quarter, defying economic issues in China and reporting impressive increases in futures orders. The results for the three months until the end of August were way above market estimates and ahead of Nike's own expectations.The Nike group's sales climbed by 14 percent ...
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Halfords reports a 11% drop in summer sales
Bad weather in the U.K. was blamed for causing a sharp drop in sales in Halfords' cycling range in the eight weeks ended Aug. 28. The rainy and inconsistent weather in July and August discouraged casual cyclists from buying new equipment, according to the retailer, which saw revenues in those ...
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VF posts higher revenues in Outdoor & Action Sports
VF Corp. saw consolidated revenues increase by 4.7 percent in the second quarter, or by 10 percent on a currency-neutral basis, reaching €2,513.9 million. The growth was especially driven by its Outdoor & Action Sports coalition, whose sales jumped by 16 percent on a currency-neutral basis, with double-digit increases for ...
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Targeting outdoor athletics, TNF regionalizes EMEA
The North Face turned up at the OutDoor fair with an adjusted range, launching the Mountain Athletics line into European wholesale accounts and displaying a much narrower and upgraded Summit Series.Already on the market in North America, the Mountain Athletics range provides apparel and footwear for people who train for ...
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Umbro is making waves in Europe again
Umbro is apparently trying to reassert itself as a football brand in Europe, after Nike took away from it all its juiciest football licenses. The brand announced that it will replace Nike as the official supplier of the PSV Eindhoven football club in the Netherlands from the 2015-16 season and ...
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Strong showing for VF’s outdoor brands
All the three major brands in the Outdoor & Action Sports segment of VF Corp. had double-digit growth in local currencies during the fourth quarter of 2014. The biggest one, The North Face, enjoyed a 12 percent increase, driven by a jump of 30 percent in its direct-to-consumer (DTC) business.In ...
