Latest Headlines – Page 270
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Lululemon's sales hit the $2bn milestone
The revenues of Lululemon Athletica for the fiscal year ended Jan. 31, 2016 landed for the first time beyond the $2 billion mark, jumping by 15.0 percent over the prior year to $2,100 million. The Canadian brand attributed this performance in part to its international expansion, with the opening of 61 ...
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Peak Performance firms up revitalization plans
The investor day of the IC Group held in Copenhagen on April 6 yielded some interesting details about the Peak Performance brand's sales, while discussing the strategic shift that was detailed in The Outdoor Industry Compass earlier this year to revitalize the Swedish ski, outdoor, golf and lifestyle activewear brand.A ...
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PSG posts a big loss
Performance Sports Group (PSG), which owns Bauer and other operations in ice hockey, lacrosse, baseball and softball products, recorded a net loss of $188.1 million in the fiscal third quarter ended Feb. 29, compared with a net loss of $12.5 million in the year-ago quarter. The main factor was a ...
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Nike unveils plans for HQ expansion
Nike has announced new plans to extend its world headquarters in Beaverton, Oregon. The expansion, scheduled for completion in 2018, will add around 3.2 million square feet of office, mixed-use and parking facilities to the campus. The landscape architecture services for the project are guided by Portland-based Place, while the design ...
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Adidas invests in Portland and NYC
The Adidas Group is set to hire an additional 120 employees at its North American head office in Portland, Oregon, as the company continues to invest to regain U.S. market share. The number of group employees in Portland already increased from 850 to 1,200 last year, with the shift of ...
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Stella optimistic for 2016 despite volatility
Stella International, a Chinese company which makes footwear for high-end sports and luxury brands, had a difficult first quarter, but it believes that volume growth will return to normal levels in the second half of the year and expects demand for sports fashion footwear to remain strong.For the first quarter ...
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Adidas, Puma launch major sustainability initiatives
Adidas is retooling its sustainability policy through the launch of the “Sport needs a space” strategy, the new catchphrase that was revealed in its recent 2015 Sustainability Progress Report. “Sport needs a space” is the result of extensive consumer research the company has undertaken to gauge how important sport is ...
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Allied Feather & Down attains TDS traceability certification
Allied Feather & Down has been certified by NSF International to the Global Traceable Down Standard (TDS). Certification to the Global TDS can be granted to organizations that demonstrate that the down they process is from farms complying with the highest levels of animal welfare, and that the down is ...
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Peak Sport invests in running and sports events
While continuing to raise its sportswear sales in China and in international markets, Peak Sport Products intends to expand laterally by operating as a sports agency and an organizer of sports events, fitness camps and training programs. The Chinese sports company says it wants to invest in technology and staff ...
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JD and Sports Direct to buy USG's stores in Belgium and Holland
JD Sports Fashion has finalized an agreement for the takeover of Perry Sport and Aktiesport, two major Dutch sports retail chains that went bankrupt last month. The British sports, fashion and outdoor retailer said the deal has been agreed for a cash consideration of €26.5 million excluding fees, retention of ...
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SDI falls under stronger pressure as dispute with MPs escalates
Mike Ashley's dispute with members of the British Parliament has escalated further this week as the majority shareholder of Sports Direct International (SDI) described the select committee that summoned him to appear before it at Westminster as “a joke” and accused it of “showboating.”The gasps caused by this part of ...
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Kesko will pull out of Russia
Kesko Oy disclosed in its annual report that it plans to withdraw from the difficult Russian market in the course of this year, due to low volumes and unprofitable performance. The big Finnish retail group, which took on the Intersport license for Russia in 2011, has booked €17.2 million in ...
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Sport Zone may expand again in Spain
Sport Zone, the leading Portuguese sports retail chain, saw the number of company-owned stores decline by three to 108 in Spain and Portugal last year, while expanding with a handful of international franchises. It is reportedly preparing to open three larger stores in Spain, however.The retailer ended 2015 with 75 ...
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Broad sales rise and surging profit for Nike
Nike continued to advance in nearly all markets during the third quarter of its financial year, which ran until the end of February, with a sales rise of 7.7 percent to $8,032 million that was a little lower than predicted by the stock market. The group also reported a 20 ...
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Nike debuts “groundbreaking” self-lacing shoe
Nike is going to release its first-ever self-lacing shoe at the end of this year. Already announced some time ago, it was finally presented by the top management of the group along with other new products at a special event a week ago in New York City.The Nike HyperAdapt 1.0 ...
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Nike’s self-lacing shoe has a sophisticated French challenger
Nike's automatic lacing mechanism is not the only one coming to the market. A small French company, Digitsole, presented a prototype of its own system at the Consumer Electronics Show (CES) in Las Vegas last January and a few days later at Ispo Munich. Its futuristic, connected smartshoe, the Smartshoe ...
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The Hickies’ lacing solution makes big strides
There have been ways to do without laces in sports shoes. Puma, which launched its revolutionary Disc technology 25 years ago, is resurrecting it now with a sleeker and lighter model of running shoes, using a more flexible steel cable to better adapt to the foot.Lotto Sport Italia has been ...
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Basicnet adds Briko to its portfolio
The parent company of Kappa, Robe di Kappa, K-Way and Superga is placing its rather successful licensing-based business model at the disposal of Briko, the Italian brand of high-performance helmets and goggles for snow sports and cycling. Basicnet has agreed to become its exclusive global distribution licensee, with an option ...
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Investcorp helps Dainese and Poc to develop
Investcorp, a big investment company that previously owned Helly Hansen, is providing ample financial means to Dainese and Poc to develop faster than before, according to their managers, who have just begun to know each other to determine possible future synergies.Investcorp completed the acquisition of a majority stake in Dainese, ...
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BD quantifies its savings in Europe
Confirming the relocation of its European head office from Basel to Innsbruck in May, the Black Diamond group said that it should yield a reduction of $2.2 million in operating costs on a normalized basis this year. The progress was detailed in a conference call around the U.S. group's annual ...
