Latest Headlines – Page 212
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New calls for an end to discrimination in the U.S.
Taking their cues from their peers at Nike, who led to the dismissal of Trevor Edwards and other high-ranking executives earlier this year, some employees of Adidas and Under Armour in the U.S. have called for better treatment of women, ethnic minorities and people of color in the last few ...
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Champion grows by 30%
In the third quarter ended on Sept. 29, Champion's global sales increased by 30 percent, with growth of 40 percent in local currencies outside the mass channel, after a 33 percent increase in the same period a year ago. They reached a level of $1.2 billion for the trailing 12 ...
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Fila grows strongly
Fila Korea reported a 28 percent increase in total revenues to 725.9 billion Korean won (€562.9m-$644.3m), including the results of Acushnet, in which the group has held a 53 percent stake since 2016. Sales of the Fila brand shot up by more than 50 percent in the domestic Korean market ...
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Titleist golf clubs and balls drive Acushnet’s results
Acushnet posted another set of strong results for the third quarter, thanks to strong sales of Titleist golf clubs and balls, particularly the newly introduced AVX premium performance golf balls. The company said that Titleist Pro V1 golf balls continue to lead the field, accounting for 73 percent of balls ...
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Asics posts disappointing results
Sluggish sales in the U.S. and a clean-up of the distribution in Japan dragged down Asics' sales in the third quarter of the year, and its profitability was further reduced by investments in its own retail business.The Japanese group's quarterly revenues were down by 4.7 percent from the year-ago quarter ...
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Asics Europe’s profits decline
Asics suffered a decline in profits in Europe, the Middle East and Africa (EMEA) for the first nine months of this year, but the company said that it has been making rapid progress in priority areas.As reported by the Asics group, the company saw its income tumble by 33.5 percent ...
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European sales stand out in a weak quarter for Mizuno
Weaker sales of sporting goods and golf in Japan led to lower sales and profits for Mizuno during the first half of its fiscal year, which will end next March 31. However, the company managed to turn things around in Europe, as indoor sports such as handball and volleyball boosted ...
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Brooks runs fast
The Brooks Running Company is growing faster than the market on a global basis and in certain regions. Without giving any precise sales figures, the American company says its total revenues went up by 29 percent in the first nine months of this year.Footwear sales jumped by 32 percent, with ...
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Brooks regionalizes its European sales structure
To help support its double-digit growth and create more strategic alignment across its European business, Brooks Running has divided it into three commercial territories, each with its own leader.Two company veterans, Hamish Stewart and Bastian Huebschen, will be in charge of the Northern territory (the U.K. and the Benelux countries) ...
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Crocs makes a surprising profit
After reporting better-than-expected earnings for the third quarter, led by strong demand for its clogs and sandals, Crocs has raised its guidance for the full year. The company's shares boomed after the announcement, rising by more than 9 percent.Net income rocketed from $1.6 million in the third quarter of 2017 ...
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Wolverine rides higher
The divestiture of Sebago and the military business caused a 3.9 percent decline in sales at Wolverine Worldwide, down to $558.6 million, in its third quarter ended on Sept. 29. On a comparable basis, sales inched up by 0.5 percent, but they were up by 1.5 percent excluding the leather ...
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Canada Goose steps into footwear
The fast-growing Canadian brand of outerwear announced earlier this month a definitive agreement for the acquisition of another Canadian company, Baffin Footwear & Apparel, indicating that this will “ultimately” help it to develop its own line of Canada Goose cold-weather footwear.In addressing financial analysts to comment on its spectacular results ...
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Booming Canada Goose raises its outlook
Canada Goose has upgraded its guidance for the full financial year after reporting stronger-than-expected results for its second quarter ended Sept. 30. It now predicts that its total revenues will increase by at least 30 percent for the year, up from the previously forecasted growth of 20 percent, with Baffin ...
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A new European chief for TNF
VF Corp. has appointed Jan van Leeuwen as the new European chief of The North Face. He is taking the place of Kate Smith, who left in July after 16 successful months working in European sales for the brand. Most recently, Van Leeuwen held a similar position at Vans, which ...
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Clarus diversifies into natural skincare
Clarus Corp. has announced the acquisition of the assets of Skinourishment, the parent company of ClimbOn and other skincare brands. The financial terms of the deal have not been disclosed. Clarus is the parent company of Black Diamond and Pieps, and it recently bought another company, Sierra Bullets.The acquisition of ...
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Record results for Clarus
Clarus Corporation had a record third quarter, led by a strong performance from Sierra Bullets and continued strong growth across the Black Diamond brand. Continuing a favorable streak, the results led the company to enjoy a significant spurt on the stock exchange.Clarus' total revenues rose by 22 percent to $55.7 ...
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Pon is buying into Accell Group
Pon Holdings announced a week ago a bid for a 20 percent stake in its major Dutch competitor, the Accell Group, adding that it had already bought a 5.1 percent interest from one of its shareholders.Pon said it wanted to be only an “important” minority shareholder in Accell, developing “constructive” ...
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Dorel Sports’ profitability soars
Thanks to various cost-cutting measures implemented after a difficult financial year in 2017, Dorel Sports saw its operating profit for the third quarter ended on Sept. 30 increase to $7.0 million, up from $0.2 million for the third quarter of 2017. The gross margin improved by 1.2 percentage points to ...
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Newell sells Pure Fishing
Newell Brands has found a buyer for Pure Fishing, a constellation of fishing tackle brands that includes the likes of Abu Garcia, Berkley, Shakespeare and others, and Jostens. They were part of the former Jarden Corporation, which Newell bought in the spring of 2016.Other important assets like K2, Völkl and ...
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Bollé Brands is born
Peter Smith has been appointed to the newly created position of president and chief executive for Bollé Brands, the new company formed by A&M Capital to run the Bollé Safety business and the consumer eyewear and helmet business of Bollé, Cébé and Serengeti recently bought from Vista Outdoor for $158 ...
