More about brands – Page 141
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Reebok is giving the public a say in production
Reebok has introduced an internet platform through which consumers from all over the world can determine the fate of the company’s new sneaker designs. The first design is actually a redesign, the “Bee Keeper” Classic Leather, by Emily Gibbemeyer and Alex Chou. Called First Pitch, the new internet platform was ...
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News briefs
Carl Sterner sets up Shimano’s new fishing organization for the Nordics
Shimano has appointed Carl Sterner to build and lead a new sales organization for its fishing tackle products in Denmark, Sweden, Finland, and Norway. It will be based in Uppsala, Sweden. Sterner was previously responsible for the hunting and wilderness segment in Sweden at XXL, the big Nordic sporting goods ...
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News briefsPuma appoints Ben Hughes as general manager for UKIB
Source: Puma Ben Hughes Puma has appointed Ben Hughes as general manager for the United Kingdom, Ireland and the Benelux countries (UKIB), with immediate effect. He succeeds Paul Spencer, who moved to the position of regional sales director for Europe at the beginning of July, as previously ...
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ArticleCanada Goose to cut production as Covid-19 hits Q1 sales
Canada Goose is cutting production and opening fewer stores as the coronavirus pandemic hit its sales, causing first-quarter net losses to almost double to 50.1 million Canadian dollars (€32.0m-$37.7m) from Can$ 29.4 million a year earlier. On adjusted basis, excluding restructuring charges, the net loss amounted to Can$ 38.4 million ...
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News briefs
Anta is now listed in the Fortune China 500 rankings
Anta Sports has announced that the company has been listed in the 2020 Fortune China 500 rankings. The sportswear firm rose 62 places from the previous year to the 289th spot. It is the only Chinese sportswear brand on the list. In 2019, Anta Sports’ revenues jumped by 40.8 percent ...
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ArticleGoPro’s losses widen
The U.S. action camera brand’s sales tumbled by 54.1 percent in the second quarter to $134.2 million, while the gross margin contracted by 4.6 percentage points to 30.3 percent. Adjusted Ebitda was negative $22 million, compared to $14 million in the same period a year ago. The company’s net loss ...
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Article
Moody’s and S&P forecast 15% lower sales at Amer in Q3
In a new report, the rating agencies Moody’s and S&P reveal that Amer Sports’ revenues fell by 36 percent in the second quarter and by 22 percent in the first half, hampered by the impact of the pandemic. Ebitda showed a loss of €26 million for the first half, against ...
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ArticleAmazon is entering the Nordics
Confirming plans to set up its seventh European website in Sweden in time for Christmas shopping, Amazon has posted a job advertisement for a manager who would also be responsible for Norway, Denmark and Finland. Until now, Swedish consumers and companies have only had access to the other European Amazon ...
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News briefs
Nike joins Time to Vote
Nike is celebrating the 55th anniversary of the Voting Rights Act by becoming a member of an association called Time to Vote. Passed in 1965 and since amended many times, the Voting Rights Act serves essentially to enforce the Fifteenth Amendment to the U.S. Constitution, which was ratified in 1870 ...
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News briefs
Macron signs six-season kit deal with Sampdoria
Macron will replace Joma as the new kit supplier of Sampdoria, the Italian football club that competes in Serie A. The new six-year contract will debut in the 2020/21 season. The Italian sportswear company, based near Bologna, will supply all the technical products for the team and staff as well ...
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News briefs
New Era to make headwear for England Rugby
New Era has signed a four-year deal to produce headwear for England Rugby (RFU). The first line of caps – making its debut on both websites of the brand and the team on Aug. 7 – will display RFU’s red rose emblem and come in the 9FORTY adjustable and 9FIFTY ...
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ArticleAdidas ends in the red, sees upside
The German sportswear giant posted an operating loss of €333 million, compared with an operating profit of €643 million a year earlier, due to several coronavirus-related charges. These were mainly due to increased inventory and bad debt allowances, as well as impairment charges for retail stores and the Reebok trademark, ...
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ArticleWolverine’s online sales jump by 96%
Wolverine Worldwide posted better-than-expected sales in the second quarter, as the impact of the coronavirus-related retail lockdown was partly offset by a growth of 96 percent in the group’s own e-commerce operations, representing more than 40 percent of revenues during the period. Merrell, Saucony and work footwear brands like Wolverine ...
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ArticleAcushnet’s sales fall by 35%
Acushnet, the American golf company controlled by Fila Korea, had a difficult start to the second quarter, but it witnessed a recovery in sales after lockdown eased and demand for golf products picked up again. Following the re-opening of its production facilities and distribution centers in late May, the company ...
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ArticleFitbit’s Q2 sales fall as Covid-19 hits demand; EU probes Google merger
Fitbit reported a fall in second-quarter sales as demand for its devices slumped and warned the coronavirus pandemic would have a negative effect on full-year earnings. Second-quarter revenue fell 16.7 percent to $261.3 million, driven by a 30 percent decline in device sales. The wearable technology maker, which is preparing ...
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ArticlePandemic harms American Apparel owner Gildan in Q2
Sales at Gildan Activewear, a Canadian group that bought American Apparel in early 2017 and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America, plunged in the second quarter as the company swung to a net loss, reflecting the impact of the coronavirus pandemic ...
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News briefs
Nike to lay off 500 at its headquarters
Nike will be laying off 500 or more employees – some executives included – from its headquarters. Among them will be executives and the 192 employees of several company-run nurseries. To this end the company has filed a Worker Adjustment and Retraining Notification Act notice with the state of Oregon. ...
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News briefs
Rorsted to head Adidas for another five years
The supervisory board of Adidas has extended Kasper Rorsted’s term as chief executive officer by five years – through July 31, 2026. Rorsted joined the company’s executive board in August 2016 and became CEO two months later. Meanwhile, Thomas Rabe will be moving up from deputy chairman to chairman of ...
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ArticleAlpargatas thrives abroad in a challenging context
Despite the economic impact of the coronavirus pandemic, Alpargatas, the parent company of Havaianas and Osklen, managed to grow its revenues outside the domestic Brazilian market in the second quarter. Overall sales declined by 19.6 percent to 680.5 million Brazilian reais (€108.6m-$128.6m), while the gross margin expanded by 2.1 percentage ...
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News briefs
Nike has a new diversity director
Kellie Leonard, Nike’s director of diversity and inclusion since the creation of this position in 2018, is stepping down, leaving the company. She will be replaced by Felicia Mayo, who assumes the newly coined title of chief talent, diversity and culture officer, leading a newly formed team. Mayo joined Nike ...
