Latest Headlines – Page 217
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Crocs closes plants, goes more digital
Boosted by double-digit growth in e-commerce, Crocs' results for the second quarter exceeded its own guidance and financial analysts' projections. They led to an improved forecast for the full financial year, with the management predicting adjusted Ebitda of $95 million and low single-digit growth in sales to at least $1,023.5 ...
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Vulcabras recovers in women’s shoes, works with Under Armour
Vulcabras Azaleia, which derives most of its revenues from the affordable Olympikus brand of sports shoes, has announced the start of negotiations for the acquisition of Under Armour's five-year-old Brazilian sales subsidiary. Under a joint licensing and operating agreement, Vulcabras will become the exclusive distributor and licensee of the American ...
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Alpargatas conducts a review after a good quarter
The parent company of Havaianas has hired an international consultancy to review the brand's strategic plan in order to accelerate its internationalization and to capture new opportunities for growth in the domestic Brazilian market. Alpargatas is also planning to appoint an executive digital director in the coming months to drive ...
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Mizuno sees drop in profits and revenues
Weaker sales in running shoes and other categories led to a decline in sales and profits for Mizuno for its first quarter ended June 30.Revenues dropped by 6.9 percent from the year-ago quarter to 42.8 billion yen (€338m-$386m), weighed down by weak sales in the running category, especially in Japan, ...
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Fila is faring well
Positioned as a leading authentic sports brand with an Italian heritage and riding on a strong retro trend, Fila has seen its revenues grow at a double-digit rate in many countries, judging from the financial report issued by the Korean owner of the Italian brand, Fila Korea, for the second ...
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Soaring sales and profit for Anta
While investing to upgrade its flagship brand, Anta Sports Products has accelerated its expansion with a sales growth of 44.1 percent to 10,553.5 million yuan renminbi (€1,341.9m-$1,521.8m) for the first half of this year, which led to an unprecedented profit for the Chinese group.The company's gross profit margin firmed up by ...
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Online retailing and young brand push Li Ning sales
Online sales and the expansion of the Li Ning Young brand were key drivers behind a sales jump of 17.9 percent to 4,712.8 million yuan renminbi (€600.5m-$685.2m) for Li Ning Company in the first six months of this year, which led to a 42 percent rise in profit attributable to ...
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China Dongxiang invests in own stores
China Dongxiang's investments in its own retail business have helped to raise the turnover of the Chinese sportswear company by 14.4 percent to 772 million yuan renminbi (€98.4m-$112.2m) for the first half of this year, but increased costs and an inventory clean-up have led to a slump in profits.The sales ...
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Canada Goose scores 58% revenue growth
Led by the direct-to-consumer channel, Canada Goose's revenues soared by 58.5 percent to 44.7 million Canadian dollars (€29.9m-$34.0m) for its fiscal first quarter ended June 30. The management mentioned “exceptional” levels of performance in its own stores for this off-peak period of the year.The wholesale revenues of the Canadian maker ...
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Iconix under pressure, SDI on board
A partnership started in February between the Umbro brand and Target stores is working out well for the Iconix Brand Group, but the whole company suffered sagging sales and profits in the second quarter.The U.S. group that holds rights to sports and fashion brands such as Umbro, Ocean Pacific (OP), ...
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Record sales and earnings for Johnson Outdoors
Thanks to strong sales of warm-weather outdoor recreation products, Johnson Outdoors posted record profits and sales for its third fiscal quarter ended June 29. In particular, the company said it recorded unprecedented growth in its flagship fishing brands, which it attributed to a focus on consumer-driven innovation.Total revenues jumped by ...
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Yue Yuen wants to become more agile
Citing intense competition and changing ordering patterns in the industry, the world's largest shoe manufacturer, Yue Yuen Industrial (Holdings) said it will continue to increase automation levels, investing in new technology and process re-engineering to enhance the efficiency of its operations.It said it would leverage its core strengths and competitive ...
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Major Russian food retailer will sell skis
Maria-Ra, one of the biggest grocery retailers in Siberia, said it plans to start selling skis and other ski equipment under its own brands in more than 1,000 stores later this year, after talking to several Russian ski manufacturers.The products are likely to belong to the budget segment of the ...
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Decathlon buys Athleticum
Confirming reports in the Swiss media, Decathlon says it has agreed to take a majority stake in Athleticum, the third-largest integrated sporting goods retail chain in Switzerland and the fourth one including Intersport, with all its 23 stores and its 455 collaborators. The financial terms were not disclosed. While rebranding ...
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Rift around a proposed takeover of Sport 2000 France
A rift has erupted between retail members of Sport 2000 France and the majority shareholder of the buying group, Activa Capital, after the collapse of discussions for a takeover of Activa's stake by the sports retailing group's members.Activa Capital became a minority shareholder at the French retail cooperative in 2008 ...
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Puma catches up with the bulky footwear trend
Confirming the agility of its processes, the Wild Cat managed to lift its sales by 15 percent in constant currencies and to raise its profit margins in the second quarter of 2018, as it reacted rapidly to a shift in consumer demand for bulkier footwear. Bjørn Gulden, Puma's chief executive, ...
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Puma’s deal with Manchester City is international
Puma is joining Nike and Adidas in the big league of English football sponsors through a deal reportedly worth £50 million (€55,9m-$64,8m) per year that will cover the Manchester City football club as well as three other clubs owned by the City Football Club (CFG): Girona in the Spanish Liga, ...
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Weakness in U.S. weighs on Asics
Weaker sales of Asics footwear in the U.S. and a clean-up of the distribution in Japan dragged down the Japanese group's sales in the first half of this year, and its profit was further reduced by investments for its own retail business.The Asics group's sales were down by 5.4 percent ...
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Asics Europe improves in key areas
Asics suffered an underlying sales decline in Europe, the Middle East and Africa (EMEA) for the first half of this year, but the company said that the trend improved in the second quarter and that it has been making rapid progress in priority areas.As reported by the Asics group (see ...
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Under Armour progresses with a clean-up
Under Armour returned to growth in North America and managed an ample sales rise in international markets in the second quarter, but its profitability was impacted by restructuring measures. The company has identified additional cutbacks and investments worth about $80 million, which should raise restructuring and related charges to between ...
