Latest Headlines – Page 274
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Wiggle and Chain Reaction Cycles to merge
Wiggle and Chain Reaction Cycles have announced their merger. Wiggle, based in Portsmouth, in the U.K., is an international online retailer selling cycling, running, swimming and triathlon products. The company serves customers in more than 70 countries. Chain Reaction Cycles (CRC) is an online bike store based in Doagh, Northern ...
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Anta and Descente study Chinese joint venture
Anta Sports Products, the leading Chinese sports brand, has sealed a preliminary agreement with several parties around Descente to form a joint venture for the sale of all categories of products under the Japanese brand in China, excluding Hong Kong and Macau.The proposed deal is most certainly intended to take ...
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Anta's sales soar with consistent brand strategy
The potential joint venture between Anta Sports Products and Descente emerged while the Chinese sports apparel and footwear brand reported a sales jump of 24.7 percent to 11,126 million renminbi (€1,543.5m-$1,702.4m) last year, with ample rises in profits. The group pointed out that it became the first Chinese sports company to ...
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L-Fashion launches new strategic initiatives
Brand extensions are the name of the game in the flattish market conditions of today. The Finnish-based L-Fashion Group, which suffered from a tough market situation in its domestic market and in Russia last year, is coming out with the first lines of shoes under its Luhta and Icepeak brand ...
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Globe grows only in Australasia
Globe International continued to outperform other action sports companies in the first half of its financial year, ended Dec. 31. The Australian surf & skate company reported a 19.5 percent increase in its revenues to 79.1 million Australian dollars (€51.6m-$56.7m) for the period. Operating earnings before amortization (Ebitda) went up ...
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Nautilus posted 15% higher sales in Q4
Nautilus' sales reached $109.1 million in the fourth quarter of 2015, representing a 15 percent increase against the corresponding period in 2014. The fitness equipment manufacturer said this performance was driven by higher sales in both its direct and retail segments, with a growth of 15.5 percent and 20.7 percent, ...
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Fitbit jumps by 92.2% in fourth quarter
In contrast with GoPro, whose results significantly missed analysts' expectations (see our previous issue), Fitbit suprised them by reporting a 92.2 percent increase revenues of $711.6 million and a 66 percent jump in adjusted operating earnings before amortization (Ebitda) to $125.3 million for the fourth quarter of 2015. Net income ...
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Down jackets boost the French skiwear market
In 2015, French consumers bought overall about three million down jackets, and 80 percent of them were not used for skiing purposes. Excluding down jackets, ski clothing represented a turnover of €250 million and its consumption registered a 5 percent decline from the previous year.According to NPD Group, which ...
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Greenpeace acts forcibly in Italy
Greenpeace activists “attacked” The North Face store in Milan's Galleria San Carlo on Feb. 18, to protest against the brand's use of hazardous chemicals in clothing and accessories. The activists launched red confetti, symbolizing poly-fluorinated compounds (PFCs), inside the store and in front of it. A recent report compiled by ...
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Outdoor brands under Greenpeace scrutiny
Leading outdoor brands have reaffirmed their commitment to eliminating per- and polyfluorocarbons (PFCs) from their production after Greenpeace said it has found “hazardous PFCs” in outdoor apparel, footwear and other products tested for its latest report on outdoor gear, called “Leaving Traces.” At a packed press conference at Ispo Munich, ...
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Patagonia releases new book for eco-activists
Patagonia has released a new handbook for environmental activists across the globe entitled “Tools for Grassroots Activists: Best Practices for Success in the Environmental Movement.” The book, co-authored by the company's founder and owner, Yvon Chouinard, is a collection of tips and essays from its biennial Tools Conference, with contributions from ...
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Bankrupt Dutch sports retailers for sale
The Dutch sports industry was badly shaken this week by the bankruptcy of the Unlimited Sports Group (USG), the leading sports retailer in the Netherlands with Perry Sport and Aktiesport, and the owner and distributor of a handful of sports brands.The USG holding company and the two retailers it owns ...
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Good sales growth for XXL, despite a warm autumn
XXL ASA, the leading sports retailer in the Nordic countries, has reported a 21 percent increase in revenues for the fourth quarter of 2015, reaching 1,831 million Norwegian kroner (€193.3m-$212.6m) against NOK 1,520 million (€160.4m-$176.5m) in the same quarter of the previous year.The Norwegian company said it managed to grow ...
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Foot Locker promotes Jacobs and Kimble
Foot Locker has widened the responsibilities of two veterans of the group, Stephen D. (Jake) Jacobs and Lewis P. (Lew) Kimble, placing them respectively in charge of all operations in North America and in the rest of the world. They will report to Richard Johnson, president and chief executive of ...
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Puma ends the year with stronger demand
After a sharp uptick in demand in the last quarter, Puma's turnover advanced by 14.0 percent to €3,387.4 million last year, which was an increase of 6.5 percent in constant currencies. But the increase was supported by heightened investment in marketing and retailing, which impacted its net income.The group's turnover ...
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Women help Puma to regain impetus
The Puma brand regained some impetus last year, thanks in part to increased demand for its running and women's products. The uptick has encouraged the company to heighten its focus on the women's market this year, taking advantage of its partnership with Rihanna.At Puma's annual press conference last week, Björn ...
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A trio will run Adidas’ women’s segment
Creating two new positions, Adidas has named Nicole Vollebregt as global head of women's and Kerry Speake as global women's creative director. They will both work from Adidas America's office in Portland, Oregon. It has also retained Christine Day, who served as chief executive of Lululemon Athletica from 2008 to ...
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Adidas raises guidance after buoyant year
The Adidas Group has upgraded its guidance for this year after it surpassed its targets for sales and earnings in 2015. About three weeks ahead of the scheduled publication of its annual results, the company said its turnover amplified by 16 percent to €16.9 billion last year, which was an ...
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Decathlon spreads abroad and online
Decathlon expanded its international reach last year by moving into two more countries, supporting a sales increase of 12 percent to €9.1 billion excluding tax. The French sports retailing giant reports that its comparable sales improved by 5 percent for 2015, after a rise of 6 percent the previous year.After ...
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Intersport enters Latin America
Intersport International Corp. (IIC) is entering a new continent with the signing of a licensing agreement for the Chilean market with a local retailer, Calzados La Otra Opcion, based in Santiago de Chile. IIC is already present in Europe, Canada, the Middle East, Asia and Australia.All the 20 sports stores ...
