More about brands – Page 160
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News briefs
Markus Bötsch will leave Jack Wolfskin
After almost 30 years, Markus Bötsch will leave on July 31 Jack Wolfskin,the German outdoor brand acquired by Callaway Golf at the beginning of lastyear. Bötsch is currently a member of the management board, responsible forsales strategies. He started out as a sales assistant in 1991, then becamea sales representative ...
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ArticleMixed results for Thule
The phasing-out of low-margin contracts with OEMs (Original Equipment Manufacturers) in the U.S. had a negative impact on Thule’s sales of SEK 11 million Swedish kronor (€1.0m-$1.1m) for the fourth quarter, and accounted for half of the negative trend in the region. The Swedish company is known for its roof ...
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ArticleOutdoor and Fitness are Garmin’s power engines
Garmin’s revenues jumped by 18 percent to $1,102 million in the fourth quarter, once again lifted by fitness and outdoor products. Net earnings soared by 90 percent to $360.8 million.
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News briefs
Coronavirus depresses Adidas’ sales in China
Updating investors on the effects of the coronavirus on its business, Adidas said that it performed well in China during the first three weeks of 2020 but has since suffered a decline of about 85 percent as compared to the same period of last year. A number of the German ...
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News briefs
Puma loses its sustainability chief
Michael Bennett, who has been running Puma’s sustainability department for the past four years, handling also part of the supply chain, has left the company to pursue opportunities elsewhere. Puma says it is in the process of reorganizing his responsibilities. He was reporting recently to Anne Laure Descours, who became ...
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Article
GoPro ends the year on a high
The battered American brand of action cameras benefited from production delays in the third quarter, which pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record strong results for the three months to Dec. 31.
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News briefs
Nike changes the business model in South America
Claiming that it wants to move closer to its customers in the South American market, Nike said that it will in future concentrate its business in the hands of only a few distributors, meaning that it plans to close down some sales subsidiaries. Under Armour took a similar step recently, ...
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ArticleUnder Armour’s shares tumble on weak outlook
Investors were disappointed by Under Armour’s performance in the fourth quarter, sending shares down by 17 percent after the company published its results. The group ended the last three months of the year with a net loss of $15.3 million, weighed down by a $42.3 million hit from several accounting ...
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News briefs
Bertelsmann’s CEO is slated to be Adidas’ new chairman
The supervisory board of the Adidas Group has recommended the election of Thomas Rabe, who has been the chairman and chief executive of Bertelsmann since 2012, as its new chairman at the company’s annual meeting on May 9. Bertelsmann is a global German media, education and service group whose Ebitda ...
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Article
Mizuno lowers its guidance
Weak sales in Japan and Asia in the third fiscal quarter ended on Dec. 31 have led Mizuno to lower its guidance for the full financial year. It now expects sales of 175,000 million yen (€1.5bn-$1.6bn) down from a previous forecast of ¥185,000 million, and net income of ¥5,200 million ...
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Article
JD’s acquisition of Footasylum hits anti-trust hurdle
Mike Ashley, the maverick boss of Sports Direct, must be jumping with joy at getting his way with his criticism of JD Sports Fashion’s acquisition of Footasylum last April, which is again being questioned by the U.K.’s Competition and Markets Authority (CMA). The CMA launched a review of the case ...
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ArticleChampion’s sales rise by 40%
Thanks to an expanded product range and wider distribution, Champion’s global sales rose by 40 percent to $1.9 billion in the financial year ended on Dec. 28 excluding the brand’s mass market operations in the U.S., which have been terminated.
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ArticleDecathlon grows by 9.2%
Decathlon has reported a sales increase of 9.2 percent to €12.4 billion (before sales taxes) in 2019, with a gain of 9.1 percent in local currencies and including growth of 3 percent to €3.3 billion in the domestic French market. Globally, the number of transactions went up by 8 percent.
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News briefs
Former Sports Direct “elevates” itself
The Frasers Group, the British company previously called Sports Direct International, is implementing in two big ways the “elevation” policy announced by its controversial chief executive and main shareholder, Mike Ashley. It has just acquired a 12.5 percent stake in Mulberry, a British publicly quoted brand of handbags and other ...
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News briefs
Tim Boyle is chairman of Columbia
At its meeting of Jan. 24, the board of directors of Columbia Sportswear appointed as its chairman the company’s long-standing president and chief executive, Tim Boyle, who is now 70 years old. He takes the place on the board that was previously occupied by his “tough mother,” Gert Boyle, who ...
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News briefs
Internetstores grows by 30%
Internetstores, a subsidiary of Signa Sports United, recorded total sales of €373 million in 2019. The online retailer reported that its sales increased by 30 percent over the past three years. This online retail platform for bike and outdoor products, which owns the Fahrrad.de, Brügelmann, Bikester, Probikeshop, Campz and Addnature ...
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News briefs
H&M wins court fight against Adidas
H&M, which is moving more strongly into men’s activewear, has won a long-standing case against Adidas at the Court of Appeal in The Hague, which has ruled that the dual stripe design on its apparel didn’t infringe on Adidas’ three-stripe trademark. The court has also found that the proportions of ...
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News briefs
Nike runs out of Kobe Bryant items
Nike announced on Jan. 28 that the Kobe Bryant merchandise sold through its website had sold out. The company reportedly withdrew the merchandise shortly after the retired NBA star – along with eight others, among them his own daughter, Gianna, and a basketball coach – died in a helicopter crash ...
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News briefs
Boa launched new platform
With the introduction of the H4 platform, Boa Technology, inventor of the Boa Fit System, introduced an extremely robust dial lock platform for snowboard boots at Ispo Munich. The interior of the H4 consists of a revised modular assembly and a newly designed bayonet for extra durability. The release mechanism ...
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News briefs
New Balance offers customized insoles
New Balance will soon be offering a choice of standard or custom insoles for sneakers sold in North America and parts of Asia. The custom soles will be supplied by Superfeet and its collaborator on this venture, the 3D printing arm of HP. The Fitstation by HP + Volumental, a ...
