Latest Headlines – Page 186
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Lululemon keeps delivering
Lululemon Athletica remains in strong growth mode, although it's moderating slightly. Its results for its second fiscal quarter, ended on Nov. 3, remained impressive, exceeding the management's guidance and sending the stock up by $3.50 to $233 for a total valuation of $30.5 billion.Net earnings jumped by 33.0 percent to ...
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Fishing and camping lift Johnson Outdoors’ results
Boosted by solid gains from fishing and camping, Johnson Outdoors returned to profit in its fourth fiscal quarter, ended on Sept. 27. The group's net income reached $3.9 million, against a net loss of $4.9 million for the corresponding period in 2018. The management said this was largely due to ...
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Strong growth for China Dongxiang
Thanks to structural reforms such as the introduction of a direct-franchise model to ensure a sufficient supply of products in the stores, the Chinese sports company's revenues were up by 14.2 percent in the first half ended on Sept. 30, reaching 899.3 million yuan renmimbi (€115.1m-$128.1m).China Dongxiang owns the rights ...
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Stella’s revenues drop by 2% on soft European market
Stella International's revenues for the third quarter were down by 2 percent from the year-ago period to $447.9 million. The Chinese shoe manufacturer blamed the decline on its strategic decision to prioritize margin improvement over growth in shipment volumes.Half of the drop came from Europe, with sales down by 85 ...
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Ispo Brandnew 2020 selects the eight winners
The winners of Ispo Brandnew 2020, the competition organized by Ispo among start-ups in the sports industry, have been announced. In order to address the changing demands of the industry, eight new categories were created for the 2020 edition. An interdisciplinary jury of independent experts selected a shortlist of 50 ...
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VF Corp. sets new social and environmental targets
In 2016, VF Corp. presented its “Made for Change” sustainability and corporate responsibility strategy, which describes the company's approach to balancing growth, value creation and innovation – as well as its commitment to lead the entire industry into a more sustainable future.The most recent edition of the report, published in ...
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ArticleThe global sports market grew by 7% in 2018, says NPD
The growth of in the consumption of sporting goods quickened to 7 percent in constant currencies in 2018 from 5 percent in the previous years, according to the Global Sports Market Estimate of the NPD Group. The market rose to a level of $471 billion including bicycles and accessories, which ...
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Intersport’s internet platform widens its reach
After doing its own thing in the area of e-commerce, as the Intersport organizations in France and some other countries are still doing, Intersport Germany has decided to take part in the international development of Intersport 2.0, the omni-channel digitalization strategy of Intersport International Corporation (IIC).
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China’s Topsports doesn’t disappoint with first results since IPO
After raising $1.01 billion in an initial public offering on the Hong Kong stock exchange last month, Topsports International Holdings, the sports retailing arm of Belle International, published strong results for the six months ended on Aug. 31. Sales rose by 12.4 percent as compared to the year-ago period to ...
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New records for Alibaba’s Singles Day
The gross merchandise value (GMV) generated by Alibaba’s 11th Singles Day hit a record of 268.4 billion yuan renmimbi (€34.7bn-$38.3bn), eclipsing last year’s score by 26 percent, thanks in part to a longer pre-sales period, a larger assortment of discounted products, the extension of the festival to new markets outside ...
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Nike will boycott new Russian transport route
Nike has made a formal pledge, which has been publicized in the Russia media, to never transport its goods through the Northern Sea Route (NSR) in a bid to help protect the Arctic from environmental challenges. The NSR is a new alternative route for shipments between Asia and Europe, passing ...
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Adidas moves Speedfactory technology to Asia
By the end of this year, Adidas will be transferring the robotic Speedfactory technology that it has developed in cooperation with Oechsler to two of its Asian footwear suppliers to help increase the flexibility of the design and production process. With production times substantially cut there, Adidas says it will ...
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Nike stops with Amazon’s marketplace
A few days after the appointment of a new chief executive, John Donahoe, who previously ran eBay, the Swoosh announced that it will stop a pilot program, initiated in 2017, to sell selected products on the Amazon Retail marketplace. Nike justified the move with its “focus on elevating consumer experience ...
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Zalando is raising standards and fees
Zalando has taken a series of measures to make its delivery services more efficient, to increase revenues and profitability, and to reduce the environmental impact of its operations. One such measure is to terminate home pick-up for premium German customers who wish to return items. This service, which was part ...
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ArticleHaglöfs chief is now running Asics EMEA
Carsten Unbehaun, the German-born executive who became the chief executive of Haglöfs at the beginning of 2018, returned to the European subsidiary of the brand’s Japanese parent company, Asics Corp., as its new chief executive on Nov. 20. Unbehaun will continue to run Haglöfs until a successor is found.
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Asics incubates five more start-ups
Applications for the Asics Tenkan-Ten accelerator program were up by 60 percent this year, with candidates hailing from 38 countries. Asics has now selected five growth-stage start-ups to take part in its four-month program to meet their goals for both business and funding. Fun With Balls was founded in 2016 ...
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A Spanish tax probe against Nike
Spain’s Tax Agency (Agencia Tributaria) has filed a request against Nike’s subsidiary for the Iberian Peninsula, American Nike, for failure to pay certain corporate and sales taxes. American Nike could owe up to €14.6 million to the Spanish government, most of it for transfer pricing – that is, sales and ...
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Golfino files for insolvency
Golfino, the leading German golfwear specialist based in Hamburg, filed for insolvency at the local court of Hamburg earlier this month. The company continues to operate nonetheless. Jens-Sören Schröder, a lawyer with Johlke, Niethammer & Partner in Hamburg, has been appointed as provisional insolvency administrator. The company’s financial problems are ...
