Latest Headlines – Page 216
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Foot Locker has temporary problems in Europe
Foot Locker's share price declined by more than 9 percent after Foot Locker reported a lower-than-expected 0.5 percent increase in comparable store sales worldwide for the second quarter ended on Aug. 4. Low single-digit declines in Europe and Asia were offset by an improved performance generally in North America.Traffic in ...
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Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
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New hires at Pentland
Pentland Brands has appointed an experienced manager, Simon Breckon, as brand director of Ellesse to help sustain its strong momentum, particularly with its strong expansion in North America and Greater China.Pentland noted that Breckon has a proven track record in building brands with strong emotional connections to consumers such as ...
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Lululemon’s comparable sales jump by 20%
Lululemon Athletica posted another stellar quarter, which sent the company's share up by 8 percent after the release of its results. Comparable store sales jumped by a mighty 20 percent, or by 19 percent in constant currencies, including a 10 percent increase in its physical stores. E-commerce grew by 48 ...
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Globe’s earnings jump by 66%
Globe International's profitability improved significantly during its financial year ended June 30, with Ebitda rising by 57 percent from the previous year to $9.6 million Australian dollars (€6.0m-$7.0) and net income going up by 66 percent to A$ 8.4 million (€5.3m-$6.2).The management said this reflects a strategy implemented to diversify ...
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New Wave grows nicely in the sports sector
The sports and leisure division of the New Wave Group, encompassing Craft, Cutter & Buck, Seger, Clique and several other brands, raised its turnover by 7 percent to 585.1 million Swedish kronor (€55.5m-$64.3m) for the second quarter, with increases of 4 percent in retail sales and 16 percent in the ...
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Vista Outdoor will put down its guns
Vista Outdoor saw its stock market price surge by 15 percent as it indicated that it plans to sell its much-contested and loss-making Savage firearms operations, likely before the planned disposal of its sports protection brands - Bell, Giro and Blackburn. Some major North American outdoor retailers said a few ...
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361 Degrees is buoyed by kid’s apparel and online sales
The potential further relaxation of Chinese rules regarding the number of children per family could be most beneficial for 361 Degrees International, as children's apparel has been a key growth driver for the Chinese brand's sales in the first half of this year, along with online sales.The group's turnover was ...
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Xtep reaps benefits from new retail strategies
Xtep is starting to reap the benefits of the reforms it has implemented in the last three years, to turn branded stores into a more vertical retail organization and to focus more closely on the fast-growing Chinese running market.Xtep saw its sales jump by 18.1 percent to 2,729.0 million yuan ...
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Allied Feather & Down issues market update
Allied Feather & Down recently released an updated market analysis in which it highlights the current trends in the market of feather and down materials. According to the report, the market, which has been rising steadily since September 2016, has gone up at an even faster rate more recently due ...
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Analysis: Sports apparel market 2017
The global market for branded sports clothing rose by 2.8 percent to $80.4 billion in terms of the vendors’ invoiced sales in 2017, according to an annual survey by Sporting Goods Intelligence, with a relatively flat performance in the U.S. offset by solid gains in Europe and the Asia-Pacific region.
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Adidas Group raises profit margins
Sharp sales increases in China and North America bolstered the Adidas Group's turnover and profits in the second quarter, but it was affected by a faster than projected slowdown in Europe and declining sales for the Reebok brand.The group reported a 4.4 percent sales increase to €5,261 million for the ...
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Adidas appoints new European leader after a slowdown in the region
The Adidas Group has replaced its management in Western Europe, due to unspecified distribution issues that apparently caused it to slow down more rapidly than anticipated in the company's second-largest regional market in the second quarter.Arthur Hoeld, who previously helped to build up Originals for the Adidas brand, was appointed ...
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VF to spin off denim business
VF Corporation is preparing to split into two independently traded companies through the proposed spin-off of its jeans division to its own shareholders, forming a more focused outdoor, action sports and workwear business based in Colorado.The owner of Vans, The North Face, Timberland, Icebreaker and several other sports and outdoor ...
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Sports Direct buys ailing House of Fraser
After much speculation in recent months, Sports Direct International (SDI) has finalized its acquisition of House of Fraser for £90 million (€100.9m-$114.0m) in cash, which may yield synergies for both its sports and fashion retail business.A well-known and relatively upmarket feature on British shopping streets, the chain comprises of 59 department ...
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Zalando comes out of the red
Zalando managed to book a net profit of €51.8 million for the second quarter of this year, up from $47.4 million in the second quarter of 2017, after taking in a loss of €15 million in the first quarter of this year. While the operating margin fell slightly to 7.1 ...
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Netshoes withdraws from Mexico
Netshoes, the largest sports and lifestyle online retailer in Latin America, has agreed to sell its operations in Mexico to Grupo Sierra Capital, a private equity fund with investments in Mexico, the Caribbean and Central America. Based in Brazil, where it still does most of its business, Netshoes said the ...
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Decathlon and Kant expand their cooperation
All of Decathlons' new stores in Russia will be housing Kant shops-in-shops, said a Russian news agency, Fashion United, citing sources at both companies.The agency quoted Olga Padeyskaya, marketing director of Kant as saying that, although “in the very beginning nobody believed” in the joint project, the collaboration between the ...
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Sportmaster starts tagging shoes in Russia
Sportmaster, the leading Russian sporting goods retailer, has agreed to become one of the six companies participating in a pilot project of placing RFID tags on shoes sold in the country, showing the origin of the goods and certifying that they are not counterfeits.The retailer has already registered itself in ...
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Wolverine’s “way forward” is working out
Wolverine Worldwide is again actively looking for additional brands to acquire, not only in the footwear sector, but also in apparel and leathergoods, with a preference for the women's segment, where it is relatively under-represented. The multiples requested by the sellers have increased, said Blake Krueger, chairman, chief executive and ...
