More about brands – Page 130
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ArticleVF acquires Supreme
VF Corp. has announced a definitive agreement to acquire Supreme, a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of 2020. Investors ...
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Article
Asics improves in Q3, but warns about second Covid wave
Asics reported better-than-expected third-quarter sales and revised upward its forecasts for the full year, but warned that fourth-quarter sales would take a hit from the second wave of the Covid-19 pandemic. Net sales rose by 4.39 percent to 103,309 million yen (€829m-$979m) in the third quarter as more people took ...
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Article
GoPro swings to a profit
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro’s net income for the ...
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Article
Deckers Brands highlights CSR goals and achievements in a new report
Deckers Brands has released its Creating Change FY20 Corporate Responsibility and Sustainability Report, in which the group highlights its achievements toward its sustainable development goals during the reporting year from Apr. 1, 2019 to March 31, 2020. Deckers owns a portfolio of footwear, apparel and accessories brands for casual lifestyle ...
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Article
Better-than-expected results for Wolverine
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the group’s own e-commerce ...
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Article
An unexpected profit for Canada Goose
Thanks to strong demand from China, Canada Goose posted an unexpected profit in the second fiscal quarter. After posting heavy losses in the first quarter, it has now returned to profits with a net income of 10.4 million Canadian dollars (€6.7-$8.0m) for the three months of its second quarter ...
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Article
Higher prices boost Fitbit’s sales and margins
Fitbit reported revenues for the third quarter that rose by 5 percent from the year-ago quarter to $363.9 million, driven by higher average selling prices. The net loss grew slightly to $54.5 million on a GAAP accounting basis, but it declined sharply on a non-GAAP basis to $8.3 million from ...
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News briefs
Decathlon strikes a green-energy deal
Decathlon France has signed a long-term deal with Voltalia to purchase renewable electricity from a dedicated solar farm. The farm will be funded and built by the international green-energy specialist company in southeastern France and should commence operation by 2023. Decathlon will be taking some 16 megawatts of a total ...
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News briefsInspecs extends eyewear license deal with O’Neill
Inspecs, a major U.K.-based eyewear supplier that recently went public, has agreed a new “long-term” license agreement for eyewear with O’Neill, the international surf and snowwear brand. The companies have been working together since 2013 and no further details on the length of the renewal were released. As part of ...
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News briefsHohenstein finds a way to measure textile compression
The Hohenstein Institute and its partners have come up with a standard for measuring the compression exerted by textiles, notably in sportswear. The family-owned testing, certification and research company has proposed DIN SPEC 4868, a test method to be used in conjunction with HOSYcan, a compression tester. According to Florian ...
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News briefs
Decathlon partners with Conad supermarkets in Italy
Decathlon is opening a shop-in-shop at a Conad supermarket in Rivoli, an Italian town near Turin. The 310-square-meter space will sell a selection of Decathlon products with a focus on fitness, running, swimming, trekking, sports nutrition, sports bags and protective sports equipment. Customers will pay for these goods at the ...
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Short stops
PRODUCT
+++ The Phelps Brand has announced that its new Ninja competition goggle is now available for swimmers worldwide +++ Etnies has released new versions of its Veer and Marana shoes with new Michelin outsoles +++ Atomic is supplying a range of skis specifically made for SnowWorld, the big Dutch snow ...
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Short stops
MARKETING
+++ Under Armour has announced an exclusive technical apparel and footwear partnership deal with Aphrodite Hills, the golf and resort complex in Cyprus +++ Bollé has become an official supplier of the Canadian alpine ski federation+++ Hyperice has been named the official recovery device of the PGA Tour and PGA ...
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News briefs
Speedo will get a new global brand director who is now in charge of Berghaus
Pentland Brands will be shifting Kev McFadyen from brand director of Berghaus to global brand director of Speedo in January. McFadyen, who assumed his Berghaus post when he was hired by Pentland in 2018, will remain on the brand’s advisory board, alongside Sir Chris Bonington and Leo Houlding. Nadine ...
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News briefs
Oberalp launches a women’s brand, LaMunt
The Oberalp Group unveiled a new brand of clothing for hiking, trekking and mountain skiing of its own, called LaMunt (“the mountain” in the Ladin language) and described as “the mountaineering brand from women for women”, at its most recent Virtual Sales Convention. The new project, which has been led ...
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News briefs
China dominates e-commerce
Citing figures from Activate Consulting, Diffusion Sport reports that four Chinese e-tailers now account for 42 percent of the world’s e-commerce, more than tripling Amazon’s share. With its 13 percent share, Amazon is not, in fact, the top player in the sector. That distinction goes to Alibaba, with 15 percent. ...
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Article
Lululemon expands its leadership team
Lululemon Athletica has promoted one of its managers, Celeste Burgoyne, and brought in an experienced manager, André Maestrini, who will join the company from Adidas in January to serve as executive vice president in charge of international operations. It has also appointed a new manager in charge of diversity and ...
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News briefs
VF appoints a new VP of inclusion and diversity
VF Corp. has appointed Lauren Guthrie as vice president of global inclusion and diversity (I&D) in replacement of Reggie Miller, who is resigning. Guthrie has worked in merchandising for most of her career, first at Abercrombie & Fitch and Levi Strauss, then in an executive capacity at Nike, Old Navy ...
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News briefs
Lululemon releases its first comprehensive sustainability agenda
Lululemon has set its long-term sustainability strategy in its first-ever “Impact Agenda.” The document sets three focus key areas - “Be Human,” “Be Well,” and “Be Planet” - and outlines 12 goals to drive progress in social and environmental issues. These include commitments to have at least 75 percent of ...
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News briefs
Under Armour divests MyFitnessPal, will discontinue Endomondo
Under Armour (UA) has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners, a global investment firm specializing in technology businesses, headquartered in San Francisco. MyFitnessPal, an activity tracker that helps around 200 million users in their health and fitness activities, will become a stand-alone company. ...
