News and insights about brands in the sporting goods industry – Page 173
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Article
Yue Yuen posts mixed results
Yue Yuen Industrial Holdings, the world’s largest footwear producer, reported a 4.2 percent increase in sales to $10,105 million in 2019, driven by a double-digit increase in retail revenues. However, the Chinese company’s gross margin lost 0.3 percentage points, going down to 24.9 percent. and its net income fell by ...
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Article
Fila performs well in Europe
The Italian heritage sports brand’s momentum remained particularly strong in Europe during the fourth quarter of 2019, as Fila Korea’s licensing royalties from the region surged by 47 percent from the year-ago quarter to 39,200 million Korean won (€29.2m-$32.0m).
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Article
Li Ning’s profits soar
Even though it faced a difficult comparison base due to a stellar year in 2018, Li Ning managed to more than double its net income in 2019 to 1,499 million yuan renminbi (€192.2m-$211.4m). The Chinese sports company’s annual sales jumped by 32 percent from the previous year to 13,870 million ...
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News briefs
Rossignol and Julbo / Fourcade
Rossignol and Julbo will continue to partner with Martin Fourcade, despite his surprise retirement announcement in mid-March. According to reports in sport-guide.com, the French biathlete and five-time Olympic champion has signed a three-year extension of his contract with Rossignol. Julbo also told sport-guide.com that it will further extend its long-standing ...
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Article
Wolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was one of the companies operating in our industry that got the biggest hit on the stock exchange between Jan. 24 and March 31. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking ...
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Article
A stellar year for Lululemon
Lululemon Athletica ended the year the same way it started, with sales and profits soaring. This was expected, since the company raised its guidance in January to reflect a better-than-expected holiday period.
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ArticleNike’s anti-coronavirus playbook works out
Nike’s share price rebounded strongly when the New York Stock Exchange opened on Wednesday morning after the release of the company’s third-quarter results at the end of the previous day. It opened at $80.11 as compared to $66.75 on Tuesday morning and $72.16 on Tuesday evening, partly aided by a ...
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ArticleHow the industry is reacting to the Coronavirus
(Updated on March 27, early morning time) We have been making use of our new SGI Europe and Outdoor Industry Compass websites to give you a constant flow of new information on what the industry is doing about the spreading Covid-19 pandemic in a dedicated “Corona Ticker.” We feel that ...
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Short stops
Retail short stops
+++ Fanatics and Inter Miam CF, the Major League Soccer (MLS) team part-owned by David Beckham, have announced a long-term omnichannel retail partnership +++
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News briefs
Wolverine appoints global brand presidents
Wolverine Worldwide has appointed Joelle Grunberg as global president of its Sperry division and Tom Kennedy as global president of the Wolverine brand, with oversight for the Licensing Group and membership on the acquisitions team. Grunberg has spent the past seven years as president and chief executive for North and ...
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News briefs
Wolverine fined in Michigan
Wolverine Worldwide has agreed to pay $69.5 million to local authorities and the state of Michigan over several years to remedy water contamination from chemicals used in a now-closed tannery and other company-owned facilities in the state. On the other hand, WWW will get $55 million in a lump sum ...
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News briefs
Clarus appoints EVP of operations and talent
Clarus Corp. has appointed Kelly Davis as executive vice-president of operations and talent, effective March 26. Davis previously served as a vice-president and general manager of Idex Corp., a diversified engineered products company, where he was responsible for the Trebor and Knight business units. Prior to joining Idex, he served ...
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News briefs
Vans announces footwear line for autism
Vans has announced a range of shoes specially designed for consumers with autism spectrum disorder (ASD). The shoes feature sensory-sensitive elements, such as a calming color palette and an encouraging message on the back of each heel. One model in the collection, designed for kids and toddlers, features a single ...
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News briefs
New dyeing technology by Huntsman
Huntsman Textile Effects has developed a new dyeing technology for polyester and its blends that helps to save water, energy and costs. Terasil Blue W is the name of the latest addition to its Tersail W/WW range of fast disperse dyes. It has been specially developed for high-performance sportswear and ...
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News briefs
Surfdome and Patagonia partner to recycle poly bags
The European B2B publication Boardsport Source reports that Surfdome and Patagonia have embarked upon an initiative, called “Plastic Cutback,” to rethink the poly bag. According to Surfdome, 80 billion items of clothing are sold per year, almost all packed in poly bags, and 72 percent of all plastic, much of ...
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News briefs
UA introduces auxetic material for football cleats
Under Armour has begun to use auxetic materials, which when placed under tension. thicken at perpendiculars to the direction of the force applied. They have been adopted in the brand’s football cleats including the Clone Blur MC. The material, called Clone Adaptive, purports to improve speed and comfort by ...
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News briefs
Alltricks goes offline
Alltricks, the French-based e-tailer controlled by the Decathlon group since last September, is planning to open its fourth brick-and-mortar store. According to reports in sport-guide.com, the new Alltricks store will be located in Lyon-Bron, near a Decathlon store. With a surface of 280 square meters, it will be smaller than ...
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News briefs
Federer regains rights to RF logo
According to Tennis.com, Roger Federer has regained the rights to the RF logo, now that Nike has sold its remaining stock of RF branded apparel. The logo has not featured on Federer’s sponsored apparel since his switch from Nike to Uniqlo about two years ago, in a deal that industry ...
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News briefs
Giant Manufacturing changes its brand architecture
According to Bicycle Today Magazine, Giant Manufacturing – ostensibly the world’s largest bicycle manufacturer – has established a new brand architecture. Giant Group hopes to consolidate resources, optimize corporate growth, and develop both OE and consumer brands while placing an emphasis on the brand portfolio. The group is to serve ...
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News briefs
Ecco launches a hybrid golf shoe
Ecco Golf is launching the new Golf Street 10 hybrid shoe. The launch marks the 10th anniversary of the introduction of the spikeless golf shoe, worn by Fred Couples at the first round of the Masters tournament in April 2010. That was an important moment in the history of golf ...
