More about brands – Page 115
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Article
GoPro sees major upsides with subscriptions
GoPro told a conference organized by JMP Securities that it expects its revenues to improve by 20 to 25 percent this year, even if there is no broad economic recovery and no increase in travel, thanks in part to the development of its direct-to-consumer operations. As previously reported, GoPro suffered ...
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News briefsBritish Olympic champion launches rear-vision cycling glasses
Callum Skinner, the British former track cyclist and Olympic medalist, is launching special sunglasses that allow cyclists to see also behind them. The glasses were invented by a physicist, Alexander Macdonald, developed with Skinner and designed by Bob Henderson, an award-winning optical engineer, after raising more than £100,000 (€115,35-$139,25) via ...
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News briefs
Nike’s North America chief quits over reported sneaker resale activity
Nike has announced the departure of Ann Hebert, who has spent more than 25 years with the company, most recently as vice president and general manager for North America. According to a report in Bloomberg Businessweek, her son Joe Hebert had used her credit card to buy $132,000 worth of ...
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News briefs
JD Sports in talks to acquire warehouse from Arcadia Group
According to Sky News, JD Sports Fashion is the front-runner in negotiations to acquire Arcadia Group’s warehouse in the English town of Daventry for around £60 to £90 million (€69m-$83m to €104m-$125m). Boohoo Group, Amazon and eBay have reportedly also expressed interest. A casualty of the pandemic lockdowns, Arcadia Group ...
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Article
Foot Locker reports lower sales and profits
The share price of Foot Locker fell by 8.8 percent at closing on Feb. 26 after the international U.S.-based sports retailer reported a drop of 2.7 percent in comparable sales for the fourth quarter ended Jan. 30, with a 12 percent drop in same-store sales offsetting a 44 percent increase ...
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News briefs
Wolverine gets S&P upgrade
Standard & Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit, while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repayed a $171 million, 364-day loan contracted because of the coronavirus pandemic and reported better-than-expected results ...
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News briefs
Macron partners with the Italian Cricket Federation
Macron will be the technical sponsor of the Italian Cricket Federation (F.CR.I.) for the next four years, starting from the 2021/22 season. The sportswear company will dress the national teams and affiliated clubs and will create a dedicated line of merchandise. Macron will also set up a Club Shop, accessible ...
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News briefs
Speedo signs up British paralympic champion Alice Tai
Speedo has announced a sponsorship deal with Alice Tai, the British paralympic swimmer who competes in the SB8, SM8 and S8 categories. Tai, who is 22 years old, earned her first international success in 2014, when she won one gold, one silver and one bronze medal at the International Paralympic ...
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News briefs
OrthoLite unveils a new PU foam to stablize temperature in shoes
OrthoLite has presented O-Therm, a 2mm base-layer thermal foam that the company claims to be the world’s first and only aerogel-infused, open-cell PU foam. The technology creates a thermal barrier that blocks the cold and maintains footwear temperature through the thermal properties of O-Therm’s proprietary aerogel. Unlike conventional aerogel solutions, ...
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News briefs
Adidas opens its first flagship store in Dubai
Studded with 60 different digital touchpoints, the 1,500-square-meter flagship store opened by Adidas in the Dubai Mall is the first one in the city. It offers many unusual services including free shoe cleaning and a “Bring It to Me” app that allows customers to request a product and get it ...
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News briefs
Champion partners with ABG for the Muhammad Ali brand
Champion Athleticwear, part of HanesBrands, and the Authentic Brands Group (ABG) have announced a multi-year collaboration for the Muhammad Ali brand, whose rights are held by ABG. The partnership is kicking off with the launch of a Champion X Muhammad Ali apparel collection, which evokes the spirit of the famous ...
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News briefs
Moncler acquires full control of Stone Island
Moncler has purchased the remaining 30 percent stake of Stone Island, an Italian brand of casualwear, from Temasek for around €345 million. The transaction is expected to close by the end of March, following approval by the regulatory authorities and Moncler’s shareholders. The deal was first announced in December of ...
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Article
Wolverine posts weak results but is hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide. Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in the ...
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News briefs
Kästle invests in cross-country skiing
Kästle is outfitting the personnel at the FIS Nordic World Ski Championships that started in Oberstdorf on Feb. 23. The Austrian ski brand, which has been enjoying a certain revival lately, has decided to invest in the Nordic ski sector, bringing out a new line in 2019 that is being ...
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News briefs
VF Corp. named as one the World’s Most Ethical Companies
VF Corp. has been listed by Ethisphere among the “2021 World’s Most Ethical Companies.” VF has received this recognition for the fifth consecutive year, and is the only honoree in the apparel industry to be named this year. In 2021, 135 companies have been selected for their commitment to business ...
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Article
Inov-8’s founder takes the business back
Wayne Edy, who founded Inov-8 in 2003, is preparing to launch a new graphene-based shoe after buying back the 80 percent stake in the British company that he had sold to Descente in 2015, with the exception of the rights to the brand for Northern Asia, including Japan, South Korea ...
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Infographics & DataEarnings - Q4 2020 and FY 2020 Results Puma
This earnings briefing includes the highlights of the Q4 results and FY 2020 from Puma
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ArticlePuma confirms recovery path
After a poor first half and a solid third quarter, Puma remained on the right track in the fourth quarter of 2020, with revenues up by 9.1 percent in constant currencies to €1,520 million and a jump in the net income of 38.8 percent to €24.7 million. The management gave ...
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News briefs
Hervis organizes a five-month run in Austria
Hervis Sport is celebrating its 50th anniversary by donating €100,000 to an Austrian organization that supports talented sportspeople, Österreichische Sporthilfe, in association with a national running event called Team Run. A team of running celebrities and nine teams from nine federal states, each with five members and a coach, are ...
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News briefs
Adidas joins the Fur Free Retailer program
Adidas has joined the Fur Free Retailer program, an international initiative of the Fur Free Alliance that aims to encourage companies to go fur-free. Adidas currently does not sell products made of animal fur, but the brand has nevertheless pledged to permanently renounce fur in order to underline its commitment ...
