Latest News – Page 40
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Fogliato will run Columbia in Europe
Columbia Sportswear has named Franco Fogliato senior vice president for Europe, the Middle East and Africa (EMEA) with effect from Nov. 4. As reported in the previous article, Fogliato is on the verge of leaving Billabong International, where he spent nine years after holding various leadership roles at The North ...
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Anta sees the end of the tunnel
Anta Sports Products saw the first signs of a possible turnaround at its latest quarterly in-house fair, where the Chinese company collected a higher value of orders than one year ago for shipments in the first quarter of 2014. Orders had been declining at the company's house fair since those ...
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Amazon is eyed by German antitrust authorities
The Bundeskartellamt, the German antitrust authority, has opened an investigation into amazon.de's business practices in regard to retailers that sell products through Amazon's online platform. The general terms of the marketplace require that participating retailers will not offer their products any cheaper on other online platforms or in the retailers' ...
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Anta’s net falls by 17%
Anta Sports Products, a major Chinese manufacturer of athletic footwear, announced that its net profit for the six months ended June 30 was $121.7 million, down by 17 percent from the year-ago period. An official partner of the Chinese Olympic Committee, Anta remains cautious about the short-term outlook for the ...
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Fast-growing Anta slows down its retail expansion
Anta Sports, the Chinese sports brand, lifted its sales by 20.2 percent to 8,904.8 million renminbi (€1,051.4m-$1,411.8m) last year, outperforming the Chinese market. Yet the company emphasized that the country's sports industry was under pressure, with over-capacity and increasing discounts, which called for a more cautious approach in retail expansion.Anta ...
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Amer Sports rides off with Nikita
Amer Sports is moving further into the action sports market with the acquisition of Nikita, the Icelandic brand of boardsports and lifestyle apparel focusing on women. Amer Sports is already involved in action sports through Salomon snowboards and Bonfire apparel.The move fits with the Finnish sports group's strategy to invest ...
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Anta raises prices
Anta's full-year revenues rose by 26.1 percent to RMB 7.41 billion (€800.2m-$1,129.6m) lifted by an increase in the average selling price of products and the expansion of its retail network. The company expects steady economic growth and rising wages to continue supporting growth for the sportswear industry. The Chinese company ...
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Amer Sports confirms its recovery
With favorable weather triggering buoyant re-orders, brisk sales of outdoor footwear and apparel in Europe continued to drive the recovery of Finland's Amer Sports group in the fourth quarter of last year. The expansion of the company's balls sports and fitness units remained weaker, but the group was in leaner ...
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Amer Sports is expected to announce a 50 percent improvement...
Amer Sports is expected to announce a 50 percent improvement in operating profit and a 21 percent increase in net profit to €44.3 million on 14 percent higher sales of €552 million for the fourth quarter of 2010 when it reports its full-year results on Thursday, according to the mean ...
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Amazon Extends Its Reach In The Broad European Fashion Market
Amazon.com, which was recently rated as the strongest retail brand in Europe in an online survey of consumers, is not bringing over Zappos.com, the big virtual shoe retailer it bought in the U.S. last year, but it is offering more and more shoes and apparel through different websites in different ...
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Adidas Reports ‘Fantastic’ Quarterly Performance
Never shy of superlatives, the Adidas Group’s chief executive, Herbert Hainer, hailed a “fantastic” performance for the company since the start of the year – justifying a slightly improved forecast for the full year. After an already robust first quarter, the Adidas Group’s sales jumped by 18.7 percent to ...
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Belle Sells Chinese Fila Assets To Anta
Belle International Holdings, which is performing better in street shoes than in sports apparel, is transferring most of its Fila properties in China, Hong Kong and Macau to Anta Sports Products for 314 million renminbi (€32.3m-$46.0m). Anta, whose results grew strongly in the first half of this year ...
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Anta’S Half Looks Good All Around
Anta Sports Products of China had a big 27.7 percent surge in sales to 2.82 billion renminbi (€289.8m-$413.4m) for the first half of the year. The net profit was up by 40.1 percent to CNY608 million (€62.5m-$89.1m), boosted by lower marketing expenses and a drop in the cost of shoe ...
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Anta Takes Olympic Deal From Adidas
In a new four-year deal, Anta is the new exclusive supplier for the Chinese Olympic teams for 2010 and 2012. The $17.5 million deal includes other competitions as well, such as the Summer and Winter Youth Games, the Asian Games and the East Asian Games. Anta replaces Adidas as the ...
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Macintosh Holds Firm Despite Brantano Effect
Macintosh Retail Group, owner of Pro Sport stores in the Netherlands, managed to roughly uphold the sales of its fashion division last year excluding the acquisition of Brantano, the Belgian and British shoe retail chain. The division lifted its sales to €612.8 million, up from €339.2 million in 2007, and ...
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Huge Sales Increase For A Chinese Company, Anta
Revenues for the year ended Dec. 31 increased by a staggering 54.8 percent to 4,626.8 million renmimbi (€532.6m-$677.3m) for Anta Sports Products, a Chinese company that designs, develops, manufactures and markets sportswear. Gross profits were also up by 84.9 percent to RMB 1,848.6 million (€212.8m-$270.6m). Footwear and apparel ...
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100-year-old Luhta Sponsors Santa Claus
Luhta, the oldest and best known brand of Finland’s L-Fashion Group, has secured the rights to act as official supplier of clothing to Santa Claus, who is supposed to live in Rovaniemi, a little Finnish town along the Arctic Circle where he has his own postal office to handle more ...
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Macintosh Offers To Buy Brantano
Brantano, a large-scale player in Belgian and British footwear, is likely to be bought in the next weeks by the Macintosh Retail Group, a Dutch retailing conglomerate selling footwear as well as cycling, furniture and telecom products. Among other measures, Macintosh plans to optimize joint buying of sports footwear: The ...
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Anta Triples Sales
Anta Sports Products, which claims a 3.2 percent share of the Chinese sports footwear and apparel market; is yet another big Chinese producer/wholesaler/retailer involved in the sporting goods market that went public recently, in the wake of Belle International and other such companies. Anta says its turnover jumped by 203 ...
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Blacks Antagonizes Suppliers
Several weighty suppliers are terminating their relationships with Blacks Leisure, apparently due to some tightened purchasing conditions that the British outdoor retailer sought to impose earlier this year in an effort to redress its sagging margins. Mountain Boot Co., the British distributor for Deuter backpacks and Scarpa climbing shoes, ...
