Latest Headlines – Page 242
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E-bikes boost Accell Group’s revenues
Accell Group's revenues inched up by 0.7 percent to €634 million in the six months to June 30, largely due to higher sales of electric bikes in Europe. Revenues increased by 3.0 percent over the year-ago period on an organic basis. However, net income was down by 22.0 percent to ...
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Shimano lowers outlook after profits dip
Shimano has revised its profit outlook for the full year after its net income for the first half of the year dropped by 18.1 percent over the year-ago period to 18,774 million yen (€144.1m-$167.8m). Sales were also lower, dipping by 2.0 percent to ¥163,079 million (€1.3bn-$1.5bn).The Japanese maker of bicycle components ...
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Rapala lowers outlook after weak first half
Rapala VMC posted another set of weak results for the first half of this year, prompting the company to revise down its outlook. The revenues of the world's largest manufacturer of fishing lures, which also sells many other types of products, declined by 2.0 percent from the year-ago period to ...
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Le Coq Sportif breaks even in H1
Le Coq Sportif, the French sports apparel and footwear brand, managed to break even in terms of operating profit (Ebitda) for the first half of this year, despite a 3 percent dip in sales to €57 million.The breakeven for the half-year compares with an operating loss of €1.7 million for ...
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Lafuma's earnings rocket despite lower sales
The Lafuma Group reported a net income of €4 million for the first six months of the year, compared with only €42,000 for the year-ago period. This is despite a drop of 4.9 percent in revenues to €81.4 million.As an exception, the surf division, which generates 95.0 percent of its ...
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Deckers rebounds
Deckers Brands reported a 20.3 percent increase in total sales to $209.7 million for the first quarter of its financial year through the end of June, due in part to a higher-than-expected jump of 74.2 percent to $30.7 million in the revenues of Hoka One One, thanks to good reorders ...
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Skins rejigs management and distribution
Skins has reorganized some of its management and distribution in the last months, in an effort by the Australian compression apparel brand to become more efficient and to raise its profit margins.The changes include the departure of Christian Gut, previously chief marketing officer, and Matz Bachmann, former chief operations officer. ...
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Alpargatas changes ownership once more
J&F Investimentos has concluded a deal to sell its controlling stake of 85.7 percent in Alpargatas, the company behind the Havaianas brand of rubber shoes, to three Brazilian investment firms for 3.5 billion reais (€958.9m-$1,100.1m). They are Cambuhy Investimentos, Itaúsa Investimentos and Brasil Warrant. All three of them are controlled ...
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MBT switches to distributors in Central Europe
Experienced industry officials have set up new distribution companies in Germany, Austria and Switzerland to take over sales of MBT shoes from the German and Swiss subsidiaries of Masai Distribution, the Singapore-based subsidiary of Star 360 that bought the global assets of the former Swiss-based Masai group in 2012.Some of ...
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Tacchini adds eyewear, strikes new collaborations
Sergio Tacchini has announced a license agreement with GEM Lunetterie, a French eyewear company. The company has also announced a collaboration with Johanna Ho, the fashion designer based in Hong Kong, to create a women's tennis line, and a partnership with a French apparel company, Eleven Paris, that recently changed ...
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Gore's latest fabric technologies on display at Outdoor Retailer
WL Gore & Associates showcased the latest version of its Gore-Tex Active fabric and other recent developments from its Gore Fabrics division, including the latest weather-protective technologies for running shoes, at Outdoor Retailer, the trade show held in Salt Lake City, Utah on July 26-29.Garments using the newest version of ...
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Puma upgrades guidance after sharp quarterly uptick
With a widely-spread and footwear-driven increase in demand, Puma's sales expanded faster than anticipated in the second quarter, which led to an upgrade in its full-year guidance for sales as well as operating income.The company said nine days ahead of the publication of its quarterly results last week that its ...
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Nike outlines new digital business plans
Nike surpassed $2 billion in sales from its online store and its apps in the fiscal year to the end of May. Continued investments in digital development were at the center of the projects discussed by the group in an unusually insightful conference call around its quarterly results at the ...
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Nike beats forecasts with strong international sales
Robust international demand enabled the Nike group to beat its anticipated performance in the three months until the end of May, with sharp gains in sportswear and own retail sales.The Nike group raised its turnover by 5 percent to $8,677 million for the three months, which represent the final quarter ...
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Frisk takes charge of Under Armour’s operations
Under Armour has appointed Patrik Frisk as its president and chief operating officer, starting this week, as part of a broader executive reshuffle to streamline the group's management, aimed at optimizing its product assortment and at reinforcing its sales and marketing strategies.Thus, Frisk is making a comeback to the sporting ...
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Hi-Tec adjusts European distribution
Interga has been appointed to sell the Hi-Tec and Magnum brands in Italy, as part of the adjustments in European distribution after the sale of Hi-Tec's assets to Cherokee Global Brands (CGB) late last year. Interga is a strongly-established firm that sells a mix of sports and lifestyle brands, such ...
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Kamik markets Canadian-made shoes
Kamik has started to adjust its marketing material to put more emphasis on its Canadian identity and production. The adjustment, which is part of an effort to widen the brand's appeal in Europe, will become more apparent next year.The move comes after the appointment of Cristiana Bija in the newly-created ...
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Helly Hansen reorganizes in the U.S.
Helly Hansen has appointed Waypoint Outdoor as its master sales representative across the U.S. market, for both its sportswear and workwear wholesale activities. The Norwegian sailing and outdoor brand says the new business model is to accelerate its U.S. business after a clean-up in the last two years, with a ...
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Mike Ashley dismisses allegations of a multi-million pub deal
British newspapers have extensively reported about a hearing started in the High Court in London last week, which portrayed the majority shareholder of Sports Direct International (SDI), Mike Ashley, as an astute businessman prone to binge drinking and getting bored during meetings with investment bankers.The hearing revolves around a claim ...
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Fesi welcomes Japan Free Trade Agreement
Leaders of the European Union and Japan signed a deal in principle on July 6 for a free trade agreement (FTA) that would create the world's largest economic zone, representing about 30 percent of the world's GDP and 40 percent of world trade.The European federation of the sporting goods industry, ...
