Latest Headlines – Page 294
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Wolverine grows by only 1%
Wolverine Worldwide enjoyed a 50 percent increase in sales to foreign distributors in the last two years, and the company continues to see international expansion as being critical to the future growth of its 16 brands. In the first quarter ended March 28, Wolverine experienced a very strong double-digit increase ...
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Basicnet improves strongly
The Italian company that owns Kappa, Robe di Kappa, K-Way, Superga, Lanzera and other brands has reported a 39.5 percent increase in net profit to €7,561,000 for the first quarter ended March 31. Operating earnings (Ebit) rose by 21.5 percent to €10.6 million, thanks to 11 percent higher direct sales ...
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New top executives for Patagonia Europe
Patagonia has strengthened its European team, hiring new top-level managers for its new European office in Amsterdam and in key markets. These and other investments in marketing and sustainability are meant to make the Patagonia brand “more relevant” in a region that still represents only about 10 percent of its ...
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Umbro grows by 20% outside the U.S.
Iconix Brand Group's licensing revenues of $95.4 million in the first quarter were down by 15 percent from the same period a year ago, but they were flat on a comparable basis. International revenues were up by a mid-single-digit rate, with the company-owned Umbro brand up by 20 percent.The company ...
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Strong growth for Sequential
The latest major entrant into the licensing business, Sequential Brands Group, reported a jump of 117 percent in its revenues to $13.6 million for the first quarter. Adjusted operating results vaulted to $8.0 million from $3.1 million, and net earnings grew by 95 percent on a GAAP basis to $1,444,000.The ...
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Shimano’s sales grow by 29.5%
Boosted by the depreciation of the yen, Shimano saw its sales increase by 29.5 percent to 98.02 billion yen (€728.3m-$815.6m) in the first quarter of 2015, advancing more strongly with its bicycle components than with its fishing tackle products. Operating earnings jumped by 63.0 percent to ¥23.19 billion (€172.3m-$193.0m) and ...
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Strong start and price increases at Accell
Owner of bicycle brands from Batavus to Sparta, Raleigh and Lapierre, among many others, the Accell Group said that favorable weather conditions in Europe and robust demand for electric bicycles and upper-end sports bicycles enabled it to raise its turnover above its forecast for the first months of 2015. The ...
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Trek launches large product recall
Trek Bicycle Corporation has launched a huge recall that could apply to more than 1.6 million Trek bicycles equipped with front disc brakes and specific quick release levers. Trek is offering the free replacement of these parts in an operation that started two weeks ago and could involve up to ...
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GoPro buys its way into spherical content
GoPro has agreed to buy Kolor, a French-based software maker specialized in virtual reality and spherical media solutions, for an undisclosed sum. All of Kolor's employees are to join Go Pro but they will remain at the French company's head office in the Savoie region near Montmélian.Spherical media offer a ...
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A tough quarter for Garmin
Garmin is delivering improved versions of its Virb action camera in the second quarter, with enhanced mobile applications, to help counter the competition from GoPro. Introduced last year, Garmin's Virb has failed to make a significant dent in the market until now, helping to depress its sales in the outdoor ...
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Fire at Vaude’s headquarters
A major fire broke out at Vaude's headquarters, in the German town of Tettnang, on the night of April 27. The fire was caused by lightning, which struck the roof of the production facilities during a severe thunderstorm in the area. No one was injured.The fire department was reportedly on site ...
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Activist investor calls for Quiksilver sale again
Ryan Drexler of Consac, a U.S. investment fund, again urged Quiksilver's board to consider a sale of the company – for the second time in two months and despite significant changes in the board sports company's leadership last month.This time the activist investor stated in his letter to Bob McKnight, ...
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Papillon is taken over by Rucanor owner
Papillon, a Dutch brand of dance and fitness products that went into receivership earlier this year, has been acquired by Sport Services, the Dutch company that already owns the Rucanor brand and provides logistical services for some Dutch retailers. The brand was previously called Le Papillon.Papillon reported an annual turnover ...
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361° firms up sustainable recovery
361 Degrees International pointed to sustainable recovery after another quarter of sales expansion. The Chinese brand's turnover and profit picked up sharply last year and its comparable store sales advanced by 6.3 percent for the first quarter of this year. 361° said the quarterly performance was in line with its ...
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361° strides into Europe with an outsourced subsidiary
While its business is improving strongly in China, 361 Degrees International has been making rapid strides in Europe after it teamed up with Zitra, an arm of the Otto Group, to establish European distribution earlier this year. This hard-hitting partner has already started selling the Chinese brand's international range in ...
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Unesco joins the action on physical activity
The United Nations Educational, Scientific and Cultural Organization (Unesco) has firmed up its support for the development of physical activity through far-reaching amendments in its international charter of physical education and sport, recognizing physical activity as a fundamental human right.Unesco, which is the United Nations' lead agency for sport and ...
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Adidas stores to phase out plastic bags
The Adidas Group has inked a partnership with Parley for the Oceans, an initiative that is meant to preserve oceans through education and research as well as direct actions against plastic pollution in the oceans.It should lead to the creation of materials made out of ocean plastic waste, to be ...
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Double-digit growth for Decathlon, driven by the BRICs
The world's largest integrated sporting goods retailer accelerated its growth in 2014, posting a sales increase of 10.6 percent to €8.2 billion. Much of the growth was generated by the opening of a record number of stores, especially in emerging markets, and the development of e-commerce. Decathlon was also able ...
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A 13% same-store rise at JD's sports stores
Driven by the strong performance of its growing international network of sporting goods stores, JD Sports Fashion reported today a 23 percent increase in operating profit before exceptional items to £102,173,000 (€142,000,500-$150,399,700) for the 52-week financial year ended on Jan. 31 from its continuing operations. Their sales grew by 25 ...
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Adidas wants to run faster in two-horse race against Nike
While unveiling its latest five-year strategic plan at an investor day three weeks ago, the Adidas Group implicitly admitted that it could not catch up with its bigger American rival in the next few years – but the plan and the new management that will implement it could infuse ...
