Latest Headlines – Page 299
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Under Armour bets on connected fitness
Under Armour is setting up the world's biggest online fitness tracking community by combining its operations in this field with two big connected fitness platforms acquired in the last few weeks, Copenhagen-based Endomondo and San Francisco-based MyFitnessPal. It has paid $85 million for Endomondo, an open international fitness tracking and ...
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UA breaks the $3 billion barrier
Under Armour's revenues increased by more than 30 percent in each quarter of 2014. They rose by 31 percent in the fourth quarter to $895 million, leading the company to book a 32.3 percent increase for the full financial year to $3,084 million.The management expects the growth to slow down ...
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Garmin's fitness segment is hot
Under Armour's investment in connected fitness makes sense if we look at what is happening to the companies that make the devices. Garmin's sales in the fitness segment jumped by 60 percent to $568.4 million last year, with an even faster growth rate of 70 percent in the fourth quarter.The ...
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Adidas launches sneaker-reservation app
The new Adidas Confirmed app allows shoppers to select a limited-edition sneaker and reserve it from their phone for pickup in their neighborhood. A geo-location-specific technology allows the app to tell the shopper if the shoe is in stock, making it possible for instant confirmation of product availability while reducing ...
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Strong progress for the Nordic sports retail leader
XXL ASA reported on Wednesday, Feb. 25, a 26 percent sales increase in the fourth quarter to 1,520 million Norwegian kroner (€176.7m-$200.7m), with increases of 7.9 percent in Norway and 29.3 percent in Sweden. The Norwegian sports retailer, whose new name stands for XXL All Sports United, reached quarterly revenues ...
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Germany outperformed the rest of Europe
The German sporting goods market improved last year by 1.5 percent to €7,308 million, according to VDS, the German shoe retailers' federation. Its estimate is only slightly more optimistic than that of GfK and NPD, which say it grew by only 0.9 percent.According to VDS' retail panel, sales of running ...
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New changes at the helm of Intersport International and Germany
It did not come as a surprise that Kim Roether, the new chairman of the executive board of the German Intersport, was recently elected as a member of the supervisory board of Intersport International Corporation, the controlling body of the global retail network chaired since last December by Jussi Mikkola ...
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Schnellbügel to step down from Sport 2000 International
Wolfgang Schnellbügel will step down as managing director of Sport 2000 International effective May 1. The German top executive will pursue new professional opportunities in his favorite country, France. He will be replaced by Harold Rubrech, 48, who was marketing director at Intersport Germany until last summer. He had worked ...
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Weaker growth and parliamentary committee calls to SDI
Sports Direct International (SDI), the leading British sports retailer and wholesaler, saw its sales increase by 2.6 percent to £771.0 million (€1,051.6m-$1,193.6) for the 13 weeks until 25 January, which included weak sales of winter sports products. This marks relatively slow growth compared with the sales rise of 6.5 percent ...
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Asics buoyed by growing international sales
Asics chalked up sales of 354,051 million yen for the fiscal year until the end of December, generating an operating income of ¥30,466 million (€225.5m-$256.1m) and net income of ¥22,285 million (€165.0m-$187.3m). The company did not provide direct comparisons with the previous year for the entire group, because it has ...
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Asics Europe set to break $1 billion sales
Asics Europe saw its sales increase by 13 percent in constant currencies excluding the Haglöfs brand last year, driven by robust sales in the running and tennis categories. Alistair Cameron, chief executive of Asics Europe, said the group was confident of breaking the $1 billion sales mark in 2015.The sales ...
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Skechers’ strong international momentum continues
At the current pace, Skechers USA seems to be poised to reach an annual turnover of €4 billion in two to three years' time, with sales outside the U.S. growing from 37.5 percent of the total to 50 percent or more. Clearly, the brand has found its place in the ...
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Wolverine turns around in the quarter
Wolverine Worldwide reported a net profit of $10.7 million for the fourth quarter of its financial year, ended on Jan. 3, compared with the loss of $1.7 million suffered in the same period a year ago. The turnaround occurred in spite of a year-on-year increase in extraordinary restructuring charges to ...
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Mizuno nearly stable despite weak golf market
Mizuno saw its sales advance by 1.1 percent to 133.7 billion yen (€0.99bn-$1.12bn) for the nine months until the end of December but that amounted to a decline of 1.5 percent in constant currencies. While the Japanese group's gross margin improved by 0.4 percentage points, its operating income slumped by ...
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Catterton invests in Sweaty Betty
Catterton, a US-based equity firm, has made an unspecified strategic investment in Sweaty Betty, a British brand and retailer specializing in women's fitness apparel. The company was established in 1998 by Tamara and Simon Hill-Norton, who remain at the helm of the company as creative director and chief executive, respectively.Sweaty ...
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Sports brands nearly flat at New Wave
New Wave Group, the Swedish owner of Craft, Cutter & Buck and several other sports brands, lifted its sales by 6 percent to 4,274 million Swedish kronor (€452.6m-$514.0m) last year. This tally encompasses sports products as well as corporate promo items, gifts and furnishings.Operating profit amounted to SEK 250 million ...
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Elan manages a profit and pursues takeover talks
Elan's sales of winter sports products declined by about 5 percent last year but the entire Slovenian group still managed to lift its turnover by about 3 percent to nearly €70 million, based on as yet unaudited figures shared by the group's management. Perhaps most importantly in the context of ...
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Rossignol claims market share gains
Rossignol, the French ski manufacturer, has issued reassurances about the prospects for its plant in Sallanches, after it announced cuts in working hours to deal with the decline of the ruble and weak snow falls last year. Faced with worried reactions about the decision in January, Rossignol hastened to add ...
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Head will delist
Head NV said earlier this month that the Vienna stock exchange intends to withdraw the listing of its shares from the end of March. This comes after a shareholders' meeting held in December, when they rejected a proposal to increase the company's capital, as a means to meet the minimum ...
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Shimano grows strongly
Aided by the weaker yen, Shimano's sales rose by 22.2 percent to 333.17 billion yen (€2,468m-$2,805m) for the year ended Dec. 31, with bicycle components rising by 26.1 percent to ¥273.96 billion (€2,030m-$2,306m) and fishing tackle growing by 10.2 percent to ¥58.8 billion (€435.5m-$495.0m).Operating earnings jumped by 57.5 percent to ...
