Latest Headlines – Page 249
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China Dongxiang expands with Kappa Kids
China Dongxiang, the Chinese company that owns the rights to the Kappa brand in China, Macau and Japan, raised its sales by 2.2 percent to 1,501 million yuan renminbi (€200.8m-$218.0m) last year, pushed up by the takeover of the Kappa Kids operations in China.China Dongxiang had 1,563 Kappa stores at the ...
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Pittards posts lower revenues and a loss, but margins improve
Pittards posted revenues of £27 million (€31.5m-$33.6m) for the year to Dec. 31, 2016, down from £30.5 million (€35.6m-$38.0m) in the previous year. The British maker of gloving, footwear and fashion leather also registered a loss before tax of £4.1 million (€4.8m-$5.1m) for the full year, as compared to a pre-tax profit ...
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JD Sprinter agrees to an Iberian tie-up with Sport Zone
JD Sprinter, the Spanish retail group owned at a majority by JD Sports Fashion, has agreed in principle to a potential tie-up with Sport Zone, the Portuguese sports retailer owned by the Sonae Group. It would combine Sport Zone with JD Sprinter to form the Iberian Sports Retail Group, with ...
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Bullish new CEO upgrades Adidas targets
About two years after the launch of Creating the New, the Adidas Group has raised targets for its five-year expansion plan, to reach sales of between €25 billion and €27 billion by 2020, with an operating margin of 11 percent for the Adidas and Reebok brands.The upgraded targets were outlined ...
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Adidas gathers growing sales and profit
Ending the year with another buoyant quarter, the Adidas Group has continued its growth spurt with a sales rise of 14.0 percent to €19,291 billion, up by 18 percent in constant currencies, and with improved profit margins.Kasper Rorsted, the group's new chief executive, attributed much of the performance to Creating ...
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Zalando buys a basketball-oriented store chain
Zalando has announced the acquisition of Kickz, a German chain of streetwear and sneaker shops, for an undisclosed amount. The big European e-tailer said the acquisition is to further strengthen its position in the sports and lifestyle segment, especially in the basketball category. It will also allow Zalando to address ...
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Zalando reaches an Ebit margin of 5.9%
Zalando has reported an increase in net income of 121.5 percent to €60.0 million for the past year. Operating earnings (Ebit) grew by 131 percent to €207 million. Excluding extraordinary items, they rose by 101 percent to €216.3 million, resulting in an adjusted Ebit margin of 5.9 percent for the ...
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Foot Locker scores well, except in Germany
Comparable store sales rose by a low single-digit rate at Foot Locker Europe in the fourth quarter ended Jan. 28, in spite of challenging customer traffic in many parts of the continent. These conditions were particularly serious at the Runners Point and Sidestep stores in Germany, which continued to suffer ...
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Decathlon expands in Mexico and Africa
After its move into Mexico last year, Decathlon intends to more than double its number of stores in the country this year, expanding the network from three to seven stores. Decathlon's three Mexican stores are in Querétaro, Mexico City and in Arco Norte, north of the capital.El Financiero, which discussed ...
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Hummel searches for a new CEO
Hummel International is searching for a new chief executive as well as a sales director after the abrupt dismissal last month of Søren Schriver, who led the Danish brand for more than two decades. Schriver was dismissed amid allegations of fraud, which he denied.Christian Stadil, whose family controls Hummel through ...
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Anta reinforces its sales and multi-brand strategy
Anta Sports Products reinforced its status as the leading Chinese sports company last year, with a sales increase of 20.0 percent to 13,345.8 million yuan renminbi (€1,806.4m-$1,932.2m). The Anta brand's positioning as an affordable and increasingly functional Chinese brand has enabled it to more than quadruple in size in the ...
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Stronger-than-expected sales at Skechers
Skechers' share price jumped by 5.7 percent in after-hours trading on Thursday after the company posted revenues and comparable-store sales for the fourth quarter of 2016 that topped analysts' forecasts. Sales rose by 5.8 percent in the quarter to $764.3 million, while analysts had predicted a turnover of $723.7 million. ...
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Wolverine performs better than expected
Reaching the upper end of its projections, Wolverine Worldwide reported a decline of 2.9 percent to $729.6 million in its total turnover during its fourth financial quarter, ended Dec. 31, with a high single-digit increase outside the U.S. more than offset by a low single-digit decline in its domestic market, ...
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Billabong predicts improved second half
Just as it had warned four months ago, Billabong International saw its sales plummet by 9.5 percent to 508.3 million Australian dollars (€359.3m-$383.5m) for the six months to the end of last year, which form the first half of its fiscal year. However, the group is continuing to implement strategic adjustments, ...
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Quiksilver group gets renamed and reshaped
About one year after it emerged from Chapter 11 reorganization and embarked on a turnaround program, Quiksilver Inc. has changed its corporate name to Boardriders, regrouping the Quiksilver, Roxy and DC brands.Boardriders said that the change marks a fresh start at the company, which last year came under the ownership ...
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Sales dip at Globe
Globe International, the Australian supplier of board sports products, suffered a sales decline of 11 percent to 70.7 million Australian dollars (€49.9m-$53.3m) for the six months to the end of December, which are the first half of its fiscal year, but it remained profitable.Amounting to a decline of 9 percent in ...
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Strategic adjustments yield stable returns at Lafuma
Tensions in the action sports market and the downturn of tourism on French coasts last year has affected the turnover of Oxbow, which makes about 90 percent of its sales in the country, but rigorous cost-cutting measures enabled it to raise its operating margin.Lafuma Groupe reported a 3.5 percent decline ...
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Management reshuffling at BD
Black Diamond Equipment (BDE) has promoted Stephan Hagenbusch as the man responsible for Europe, following a successful move of the company's European operations from Basel to Innsbruck last June. He replaces Tim Bantle, who left the group at the end of February, going back to the U.S..Besides taking full responsibility ...
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Moncler reaches a gross margin of 75.7%
Moncler wants to develop its product range into complementary segments, focusing on what consumers want from the brand and on sustainable development. It plans to invest in new stores, possibly also at airport locations.Investments of €62 million, which went mainly into the expansion of the retail network, didn't prevent the ...
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Sharp sales rise at Peak Performance
Far-reaching changes implemented at Peak Performance in the last two years are apparently starting to pay off, with a sales increase of 21.9 percent to 267 million Danish kroner (€35.9m-$37.8m) for the quarter until the end of December.This amounts to a sales jump of 24.0 percent in constant currencies. It ...
