Latest Headlines – Page 192
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Intersport moves into Taiwan
After many months of discussion, Intersport International Corp. (IIC) is scoring another big coup by entering the market of Taiwan through an agreement with Momentum Sports, the biggest sporting goods retailer in a country where the rate of sports participation is said to be among the highest in Asia. While ...
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A soft Q2 for Foot Locker
Foot Locker Europe's sales went up by a low single-digit rate in the second quarter ended on Aug. 3, and the German-based Runners Point and Sidestep chains were flat. However, the entire Foot Locker group suffered a sales decline of 0.4 percent to $1,774 million, although comparable store sales and ...
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Alibaba pulls a strong quarter despite the ongoing trade war
Supported by growth in e-commerce and cloud computing, Alibaba Group Holding's revenues for its first fiscal quarter ended on June 30 topped analysts' expectations. This came despite the difficult trade environment caused by the ongoing U.S.-China dispute, as well as an increasingly competitive e-commerce industry.The Chinese e-tailer's sales increased by ...
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Anta’s revenues soar by 40%, boosted by Fila
Anta Sports Products kept the momentum going in the first half of 2019, with a sales increase of 40.3 percent to 14,810 million yuan renminbi (€1.9bn-$2.1bn), driven by a very strong performance from Fila, which Anta licenses in China.This led to a 27.7 percent jump in comprehensive net income attributable to ...
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Li-Ning sees earnings surge
Chinese sports brands seem to have found a comfortable niche in a growing domestic market. It is giving no signs of slowing down for them or for the international brands, which are positioned in a higher segment. Some of the Chinese companies' gains are coming from higher average prices.The year ...
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Xtep grows briskly while developing a multi-brand model
Before publishing very good results for the first half of this year, Xtep International Holdings of China announced the completion on Aug. 1 of its acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, for $260 million from E-Land of South Korea. The entire business had a ...
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361 Degrees is charging higher prices
361 Degrees International grew at a slower pace of 7.3 percent in the first half of this year, reaching a turnover of 3,236.8 million yuan renminbi (€407.4m-$451.9m), but the attributable profit went up by 9.7 percent to RMB 367.4 million (€46.2m-$51.3m), equal to a net margin of 11.3 percent. The ...
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Symphony plans acquisitions
Another Chinese company, specializing in retailing and the operation of shopping malls, Symphony Holdings, has created a dedicated unit in the U.S., TKK Symphony Acquisition, for the purpose of financing mergers and acquisitions in the sporting goods sector or any other in any country. The company, which began trading on ...
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Goldwin pushes its own brand internationally
Goldwin, which has been mainly offering its highly technical skiwear outside Japan, is going to offer an athletic apparel collection through retailers in the U.S., Europe and Asia during the coming autumn season. The Japanese brand had launched a lifestyle collection for the fashion retail circuit two years ago as ...
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Puma enters into an e-sports partnership
Catering to the growing popularity of e-sports and other electronic games, Puma has contributed some of its research on ergonomics and materials, including its breathable fabrics, to a new product developed in cooperation with a Dutch brand of gaming seats called Playseat. The fruit of this union, the Playseat | ...
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Globe sells Dwindle
Although Globe International had a strong first half that saw profits soar, this was not enough to offset the negative impact of the stronger U.S. dollar in the second half through June 30. The group ended the financial year with lower profits, with the net income declining by 3 percent ...
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Maloja grows in the bike apparel segment
Maloja, the German brand of functional apparel with cool designs, has reported an increase of 50 percent in its sales in the bike segment in the first half of this year by comparison with the same period of last year. This year marks Maloja's first sponsorship of a continental bike-racing ...
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Wintersteiger builds up a counter-seasonal sports business
Wintersteiger, the global leader in ski maintenance and rental systems, has intensified its efforts to diversify into the bike sector. It will participate for the first time in the Eurobike show taking place in Friedrichshafen on Sept. 4-7, offering a wider range of bike-related products and services.Its Easystore module for ...
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New Wave increases revenues, profits decline
The New Wave Group, the company behind Craft and Cutter & Buck, saw sales jump in the second quarter by 11 percent to 1,689 million Swedish kronor (€157.5m-$174.7m), or by 6 percent in constant currencies. However, earnings were affected by investments in growth initiatives.The Swedish group recorded sales increases in ...
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Norrøna’s growth comes to a halt
Arktis Holding, the group that controls all of Norrøna's operations, suffered a 24 percent decline in profits for 2018, after many years of steady growth. Net income landed last year at 61.6 million Norwegian kroner (€6.18m-$6.84m), while the turnover decreased from NOK 635 million in 2017 to NOK 630 million ...
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Better-than-expected results for Canada Goose
Canada Goose Holdings posted better-than-expected revenues and a smaller-than-expected net loss for its first quarter ended on June 30, thanks to strong demand for its high-end jackets and parkas in Europe and Asia.Revenues jumped by 59.1 percent to $71.1 million Canadian dollars (€48.0m-$53.5m), which was well above analysts' expectations. The company's ...
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Moncler posts double-digit sales and profit growth
In the first half of 2019, Moncler recorded revenues of €570.2 million, an increase of 13 percent at constant exchange rates and of 16 percent at current exchange rates as compared to the corresponding period of 2018. The growth rate accelerated in the second quarter. The net income of €71.3 ...
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Vulcabras recovers in Q2
After a weak first quarter, Vulcabras enjoyed a 16.5 percent increase in total revenues to 327.0 million Brazilian reais (€71.0m-$78.7m) in the second one, with gains of 12.3 percent in athletic footwear to R$ 239.4 million (€52.0m-$57.6m) and 14.4 percent in women's shoes to R$ 47.0 million (€10.2m-$11.3m). Sales of apparel and ...
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Havaianas goes direct in Greece and China
Alpargatas, the Brazilian-based parent company of Havaianas, has pulled off a very strong quarter, lifted by both domestic and international sales. Its net income rocketed by 73.0 percent to 31.6 million reais (€7.0m-$7.8m) for the second quarter of 2019. The management said this expansion reflects efforts to widen the focus to ...
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Good first-half results for Yue Yuen
Yue Yuen Industrial Holdings reported a 6.3 percent increase in sales to $5,070.7 million for the first half of the year, driven by a double-digit increase in retail revenues, with footwear manufacturing performing better than before. The Chinese company's net income jumped by 10.5 percent from the year-ago period to ...
