More about brands – Page 87
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GoPro posts 86% revenue growth in Q2, with sales up in all regions
GoPro saw revenues increase by 86 percent to $250 million in the second quarter ended June 30, up from $134 million in the second quarter of 2020. The number of GoPro subscribers jumped by 211 percent to 1,160,000, and the company expects to exceed 1.7 million subscribers by the end ...
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News briefs
Franco Fogliato leaves Columbia
Columbia Sportswear announced that Franco Fogliato, executive vice president of global omnichannel since Nov. 2020 and executive VP and general manager for the Americas since 2017, has informed the company of his intention to leave after a short transition period ending Sept. 3, 2021. Fogliato joined the group in 2013 ...
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ArticleAdidas takes hit in China but raises guidance after a strong Q2
Adidas raised its guidance for full-year sales and earnings as revenue growth continued to accelerate in the second quarter despite the impact of Covid-19 lockdowns in the Asia-Pacific region, industry-wide supply chain challenges and the geopolitical situation. The more optimistic view came even though the company’s sales in China took ...
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News briefs
Puma announces Dixie D’Amelio as a new brand ambassador
Puma has announced Dixie D’Amelio as the brand’s newest women’s ambassador. The American social media star and music artist will be featured globally in various campaigns, including Puma’s latest women’s platform, “She Moves Us,” which celebrates women who move together to achieve and connect through fashion, community and sport. The ...
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Adidas launches the ZX Primeblue golf shoe
Adidas Golf has introduced the ZX Primeblue shoe, worn by the new Olympic golf gold medal winner, Xander Schauffele. The shoe’s textile upper is made with yarns containing at least 50 percent Parley Ocean Plastic intercepted on beaches, remote islands, coastal communities and shorelines, preventing it from polluting the oceans. ...
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New head for Adidas North America
Rupert Campbell, a 54-year-old British national who has been running Adidas’ operations in Russia and the CIS countries since 2018, is set to succeed Zion Amstrong as president of Adidas North America from next Jan. 1, reporting to Roland Auschel, executive board member in charge of global sales. Adidas’ CEO, ...
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News briefs
Bauer Hockey acquires a skate sharpening firm
Bauer Hockey has announced its takeover of ProSharp, a skate sharpening and profiling company based in Sundsvall, Sweden. Founded in 1984, ProSharp is a partner of the Swedish Ice Hockey Association, among others, and is trusted by hockey players in the National Hockey League (NHL) as well as national teams ...
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Iconix redeems its notes while merging with Lancer
The Iconix Brand Group has announced the full redemption of its outstanding 5.75 percent convertible senior notes, which were due in 2023, at their initial aggregate price of $125 million plus accrued interest, in connection with its planned merger with Lancer Capital on Aug. 4. The announcement coincided with the ...
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ArticleUnder Armour raises guidance again after a better-than-expected Q2
Under Armour raised its previous guidance for the full financial year while reporting better-than-expected results for the second quarter. Sales increased by 91 percent from the year-earlier quarter to $1,352 million, comfortably exceeding an analyst consensus for a top line of about $1,200 million. They were up by 85 percent ...
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ArticleClarus raises guidance as Q2 sales growth accelerates
Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, saw its sales growth accelerate in the second quarter of 2021, with its top line increasing by 144 percent from the year earlier, when the impact of the Covid-19 pandemic was at a peak, reaching $73 million. Favorable consumer ...
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ArticleMoving into women’s activewear, Wolverine buys Sweaty Betty
Treading into interesting and promising new territory, Wolverine Worldwide unveiled its acquisition of Sweaty Betty, a fast-growing U.K.-based brand of women’s fitness and lifestyle apparel that was going to develop a collaboration with Merrell in the area of footwear. The all-cash transaction was closed on Aug. 2, giving the business ...
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ArticleColumbia lifts guidance after strong Q2, but CEO attacks freight “monopoly”
Columbia Sportswear swung to a second-quarter profit and raised its full-year 2021 forecasts but warned that “escalating” ocean-freight prices and ongoing port congestions were dragging on the annual outlook. The outdoor gear producer reported net income of $40.6 million for the three months to June 30, compared with a loss ...
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Moncler inaugurates new flagship store in Beverly Hills
The Moncler boutique in Los Angeles has relocated to a new space with a new design in Beverly Hills, at 340 N Rodeo Drive. The new boutique, officially inaugurated on July 29, spans over two floors. One floor showcases a wide array of Moncler’s collections while the second floor features ...
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Puma launches the ProAdapt Delta Mid golf shoe
Puma has introduced the ProAdapt Delta Mid, designed and developed in partnership with the American pro golfer Rickie Fowler. The ProAdapt Delta Mid is a full-grain leather shoe with a fashion-inspired mid-cut height, built on top of the ProAdapt Delta cleated outsole. The increased collar height is meant to provide ...
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Zwift partners with the inaugural triathlon Collins Cup
The Professional Triathletes Organisation (PTO) has named Zwift as the official virtual training and events partner for the inaugural Collins Cup in 2021. The competition, scheduled to take place on Aug. 28 in the X-Bionic Sphere in Šamorín, Slovakia, is a new race format modelled after the Ryder Cup with ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenues for the three months more than doubled to $2,194 million, compared with ...
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ArticleWolverine raises FY outlook again after strong Q2
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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Craft is offering soccer balls
After entering into a cooperation with the soccer ball factory of Ingo Anderbrügge, a former Bundesliga player of Borussia Dortmund and FC Schalke 04, earlier this year, Craft, the Swedish specialist for functional clothing now also offers its own footballs. The new product category comprises four models in different material ...
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Fila signs up tennis rising star Robin Montgomery
Fila has announced the signing of Robin Montgomery, one of the most promising American tennis players. Montgomery, who is only 16 years old, has worn the Fila brand on-court since 2015 but with the company’s announcement, she officially joined the Fila’s elite roster of sponsored Women’s Tennis Association (WTA) and ...
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Infographics & DataEarnings - Q4 2021 Results Nike
This earnings briefing includes the highlights of the Q4 ending May 31, 2021 from Nike.
