Latest Headlines – Page 261
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New CEO for 8848 Altitude
After leaving Craft last spring, Jonas Peterson will now step in as chief executive of another Swedish, company, 8848 Altitude. Peterson has been CEO of both Cross Sportswear and Craft where he received international experience that this supplier of ski, outdoor and bike clothing was looking for.Peterson's task, in ...
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Fitbit opens European office in Dublin
Fitbit is opening an office in Dublin that will serve as its beachhead for its expansion throughout the Europe, Middle East and Africa (EMEA) region. It will be run by Des Power, a former top manager of Philips and Harman International, who will oversee a staff of around 50 people ...
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Nike works with Apple again
Apple, which is busy launching new products, introduced a new Apple Watch Nike+ on Sept. 9, featuring a brighter screen than its previous version, a more comfortable strap and a number of new functionalities. Integrating the Nike+ Run Club app, the new device combines the Series 3 Apple Watch with ...
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Recco is now being used year-round
Recco has hired Marcus Löwgren to act as global sales manager, based in Stockholm. One of his tasks will be to move the avalanche system provider to a year-round outdoor application, assisting people even when there is no snow.Löwgren comes from IBM. He previously co-founded a talent match-making services ...
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Amer Sports raises organic sales targets
Amer Sports has raised its target for organic growth, aiming to reach sales of €3.5 billion without acquisitions in 2020, with at least mid-single digit annual organic sales growth in constant currencies. The target issued last year called for the same level of sales to be achieved through a combination ...
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Sports shoes rose faster than apparel in 2015, globally and in Europe
Fuelled by the growing popularity of sneakers used as casual footwear, the major sports brands performed much better in the footwear segment than in the bigger and more fragmented sports apparel market in 2015, according to an annual survey conducted by Sporting Goods Intelligence. The same happened in the previous ...
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Decathlon invests in Asia and online retailing
Decathlon is continuing to expand its online and international business, with a strategy that makes use of diverse retail options to move into new emerging markets and to expand its reach in established markets such as the U.K. and Norway. Among the latest moves, Decathlon told reporters after the formal opening ...
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Stadium sells its Danish stores to Sport24
Stadium, the Swedish sports retailer, is offloading its eight remaining Danish stores to Sport24, a Danish retailer that already announced earlier this year its planned acquisition of Sportigan, a buying group for smaller Danish sports retailers.The buyer says it intends to take over the Stadium stores in October, assuming approval ...
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SDI workers to get compensation
Sports Direct International (SDI) has agreed to pay about £1 million (€1.16m-$) in compensation to thousands of workers at its British warehouse, after the retailer admitted that they were at some point paid less than the minimum wage due to security delays, according to Unite, the trade union that has ...
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Hainer delivers a “fantastic” last quarter at Adidas
Herbert Hainer, departing chief executive of the Adidas Group, said that he “saved the best for last” as he outlined the company's outstanding performance for the second quarter. As previously announced, ample gains in sales and profits for the three months led to another upgrade in the group's forecast for ...
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Nike exits golf equipment, while TaylorMade improves
Nike caused a stir in the golf business two weeks ago, when it announced that it would be exiting the golf equipment business, from clubs to balls and bags. Nike said that it would focus instead on golf footwear and apparel, continuing to work with prominent golfers.Trevor Edwards, president for ...
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Puma’s victory lap
Usain Bolt may be the fastest man on earth, but on their own ground, the marketing and social media folks at Puma can sprint just as fast. After Bolt crossed the finish line to win Olympic gold in Rio last Monday, running the 100 meters in 9.81 seconds, he took off ...
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Asics Europe’s growth softens
Asics' sales in Europe, the Middle East and Africa (EMEA) rose by 6 percent to €445 million in the first half of 2016, driven by Asics Tiger, the brand's lifestyle sneakers, and an 8.6 percent increase in running shoes. Helping to double its turnover in five years, Asics Europe had ...
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Asics’ Q2 sales and profits slip
Asics Corp.'s consolidated net sales declined by 5.0 percent to 210.68 billion yen (€1.86bn-$2.10bn) in the second quarter, hit by weak demand in Japan and the effects of the strong yen on international sales.As a result, operating earnings fell by 8.8 percent to ¥19.4 billion (€171.7m-$193.5m) and net income slid by ...
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Mizuno performs well in Europe
Mizuno saw revenues inch up by 0.8 percent to 48.4 billion yen (€428.6m-$483.1m) for the quarter ended June 30, hampered by the effect of relatively weak European and Asian currencies. On a currency-neutral basis, sales in Europe, the Middle East and Africa (EMEA) improved by 15.4 percent over the year-ago quarter, ...
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New Balance takes more control in Europe
Like many of its competitors, New Balance is striding ahead with its new policy of taking greater control of the distribution at the wholesale and retail level in Europe. After taking over the distribution in Italy last year, the American brand has announced its acquisition of Alfico, which has been ...
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On launches apparel
On, the fast-growing Swiss-based brand of running shoes, has launched its first line of functional running clothing. Consisting of only eight “essential” items for men and six for women, it is being made available to customers this month in distinct brand areas at only 80 selected, top-end generalist sports retailers ...
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Newline buys Carite
Newline, the Danish running apparel specialist, has taken over Carite Sport, another Danish firm that specializes in fitness clothing. Synergies are expected between the two operations in the production of their apparel in the Far East, as they use similar materials, as well as in product development and the distribution.Jesper ...
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361 Degrees is set to open a European office
361 Degrees, the Chinese sports apparel and footwear brand, is preparing to open a European head office near Amsterdam at the start of September to handle sales and marketing of its international range in Europe, starting with a focus on the running footwear market.The move comes after the Chinese company ...
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361 Degrees invests in footwear and international
361 Degrees has continued to upgrade its business this year, with wide-ranging investments in development and international expansion. The demand remains on the rise, with a high single-digit increase in orders at the trade fair held in June.In the first half of this year, the Chinese group's turnover increased by ...
