Latest Headlines – Page 264
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Outdoor and fitness drive Garmin
Sales increases of 23 percent in the outdoor segment and 34 percent in the fitness segment in the second quarter ended June 25 allowed Garmin to strengthen its position in the rapidly growing wearables market, helping the company to book a 5 percent increase in total revenues to $812 million. ...
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Sports products help TomTom, too
TomTom posted strong sales of smart sports watches and other sports products in the second quarter, partly offsetting a drop in its overall revenues of consumer product revenues, which declined by 5.0 percent from the year-ago quarter, down to €157.2 million. On the other hand, revenues from the automotive and ...
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Moncler posts double-digit sales growth
Moncler reported a 17 percent increase in first-half revenues, at both current and constant exchange rates, with revenues reaching €346.5 million, boosted by robust growth in mainland China and Japan. The Italian luxury outerwear maker performed well in all markets in which it operates and across all distribution channels, confirming ...
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Strong rebound for Puma in Europe
Puma strongly rebounded in Europe in the second quarter, pushed up by the European football championships as well as a broader uptick in sales across many countries and distribution channels.Puma's turnover in Europe, the Middle East and Africa (EMEA) jumped by 18.8 percent to €321.3 million for the three months, ...
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Weak quarter for Timberland affects VF sales guidance
The outdoor and action sports business at VF Corp brought in mixed results for the second quarter ended July 2, combining sales increases for The North Face and Vans, and a decline for Timberland, caused by the Americas and Asia-Pacific.The group said it was broadly on track but the Timberland ...
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Few weak spots amid ongoing growth at Nike
Nike's sales flattened in North America and its income slipped for the last quarter of its fiscal year, to the end of May, but the group still managed ample increases in sales and profits for the fiscal year, and demand remains robust.The Nike group's sales in the quarter increased by ...
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SDI sees lower profits, outlook uncertain
Sports Direct International (SDI) saw a small decline of 0.8 percent in the comparable sales of its physical sports stores in the fiscal year until April 24, accompanied by a drop of 8.4 percent in its underlying pre-tax income to £275.2 million (€322.2m-$357.3m). The group indicated that the consequences of ...
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Two SDI bids reportedly thwarted, Findel warms to Ashley
Sports Direct International (SDI), which reportedly studied a bid to take over nearly 200 Sports Authority store leases in conjunction with Modell's, has failed to make an offer for this big chunk of the bankrupt U.S. retailer's leases – and it was outbid by Dick's Sporting Goods for the acquisition ...
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Sporting goods managers analyze Brexit’s consequences
While the dust was settling on the startling vote that the British people cast against remaining in the European Union on June 23, several decision-makers in the sporting goods sector responded to our invitation to outline the effects that it may have on their businesses.In general, they admitted that it ...
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Pentland thrives
The Pentland Group saw its sales advance by 10 percent to £2.4 billion (€2.8m-$3.1m) in 2015, driven by the outstanding performance of JD Sports Fashion, the European retail group in which it owns a 57 percent stake.The Retail Division of the Pentland Group, comprising JD Sports Fashion, thus raised its ...
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Activa Capital takes over majority control of Look Cycle
Activa Capital, a French investment firm, has taken over an unspecified majority stake in Look Cycle and teamed up with its previous shareholders – led by the French bicycle company's chairman, Dominique Bergin, and its general manager, Thierry Fournier.Look Cycle, which specializes in automatic pedals and high-end bicycles, said the ...
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Decathlon invests in boxing
Decathlon has announced the global launch of a new private label, Outshock, for its boxing products, noting that some 100 million people are practicing this sport around the world. The products developed by the French retailer will emphasize safety and protection, building up on the boxing range previously sold under ...
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Adidas expands its Kanye West deal
The partnership between Adidas and Kanye West, which has been instrumental in sustaining the brand's heat in the U.S. market last year, is to be reinforced with the launch of Adidas + Kanye West – a partnership run by a separate business entity, involving dedicated stores and a Yeezy-branded product ...
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Wide-ranging contract between Adidas and Wanda in China
The Adidas Group has struck a wide-ranging deal with the Wanda group, the largest real estate conglomerate in China, to support the development of football and basketball as well as the Adidas brand's retail business in the country.The Wanda group has been increasingly investing in the sports market in the ...
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Kingmaker weighs retail pullout
Like the much larger Yue Yuen group, the Kingmaker Group is involved in the shoe manufacturing business as well as in retailing in China. Announcing a new management and a big drop in its shoe retailing sales, the Hong Kong-based company said it will review the retail business this year, ...
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Nikita and Bonfire back on track
Nikita exhibited for the first time under the new ownership of the Pretty Great Group at the Bright fashion show, held during the Berlin Fashion Week on June 28-30 at Arena Berlin. Amer Sports sold off its two brands of boardsports clothing, Nikita and Bonfire, in May 2015 to Pretty ...
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Sports brands exhibited in Berlin
The Berlin Fashion Week, which took place on June 28-30, was once again a successful platform for suppliers and retailers of action sports and sports-inspired lifestyle collections to meet and discover the new spring/summer 2017 collections.Bright, the leading European trade show for streetwear, sneakers and skateboarding, took place for the ...
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Knight formally leaves Nike (but not quite)
It was announced last year and completed at the end of June: Phil Knight's retirement from the board of directors at Nike marks the end of an era for the brand, although he was appointed as a chairman emeritus who may still drop in at any board meeting as an ...
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Amer Sports releases new CSR report
Amer Sports, the mother company of Salomon, Wilson, Precor, Atomic, Arc'teryx, Suunto, and other sporting goods brands, has released its second annual corporate social responsibility (CSR) report, which sums up the company's initiatives and achievements in 2015. The group published its first CSR report in June 2015. During 2015, Amer ...
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Shoe Dog sheds light on Knight's character
Phil Knight's formal retirement from Nike comes just a few weeks after the publication of his sharply-penned and sometimes personal account of the brand's early days. Shoe Dog provides captivating insights into the joys and mishaps of the “Crazy Idea,” when a somewhat aloof “Buck” Knight and a small band ...
