All Sporting Goods Intelligence articles in Volume 26, Issue 25-26 – Page 3
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News briefs
New Balance and Berkshire Partners have closed the transaction for...
New Balance and Berkshire Partners have closed the transaction for the acquisition of Rockport from the Adidas Group. They have formed a new company, called The Rockport Group, that combines Rockport with the former Drydock Footwear Group, the company formed by New Balance to group its comfort shoe brands: Dunham, ...
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Article
UA enhances its presence in Germany and Austria
Under Armour has announced a new multi-year partnership with FC St. Pauli, a German football club based in the St. Pauli quarter of Hamburg. Starting in July 2016, the American brand will provide the club's senior team and youth academy teams with game-day and training kits, designed and manufactured by ...
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Article
Targeting outdoor athletics, TNF regionalizes EMEA
The North Face turned up at the OutDoor fair with an adjusted range, launching the Mountain Athletics line into European wholesale accounts and displaying a much narrower and upgraded Summit Series.Already on the market in North America, the Mountain Athletics range provides apparel and footwear for people who train for ...
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Article
Asics moves into a new recruitment phase
Instead of recruiting mostly local sales and marketing personnel, Asics Corp. is beginning to look for talented and experienced management leaders from around the world who can take on global responsibilities in order to accelerate its growth. It's a business model that has already been successfully implemented by the likes ...
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News briefs
Asics has just opened its first performance store in France....
Asics has just opened its first performance store in France. The 590-square-meter store, which was inaugurated on July 31, is located in Paris at 6 rue d'Amsterdam, near the Saint Lazare railway station. The shop will sell Asics' complete running collection, sports performance categories including rugby and tennis, and the ...
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News briefs
Under Armour has opened its first Brand House in Thailand....
Under Armour has opened its first Brand House in Thailand. The 200-square-meter shop is a joint venture between UA's local distributor, Triple Private, and a local retailer, Sport Rev. UA already entered the market with an online store in April. The brand has nine other stores in the region, located ...
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News briefs
Pelican International has appointed Marie-Christine Piedboeuf as president, effective Sept....
Pelican International has appointed Marie-Christine Piedboeuf as president, effective Sept. 1. She had been serving as vice-president of operations for several years, after arriving at the company in 2000. Prior to joining the Quebec-based maker of leisure and fishing boats, she worked at Nike Bauer as materials specialist in advanced ...
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Article
China’s Anta makes strong progress
Indicating that the Chinese sports market may be recovering at last, Anta Sports has reported that its sales rose by 24.0 percent to 5,109.8 million yuan renmimbi (€751.4m-$822.7m) in the first half ended on June 30. Footwear sales increased by 19.5 percent to represent 47.0 percent of the total turnover. ...
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News briefs
In its first report since going public, Fitbit announced second-quarter...
In its first report since going public, Fitbit announced second-quarter revenues of $400.4 million, more than tripled from $113.6 million. International sales, which grew by 250 percent on an annualized basis, were driven by the Europe, Middle East and Africa region and the Asia-Pacific, up by 301 percent and 292 ...
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Short stops
Jack & Jones and Vero Moda, two brands owned...
Jack & Jones and Vero Moda, two brands owned by the Danish Bestseller group, will design the garments worn by the Danish athletes competing in next year's Olympic Games in Rio de Janeiro
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Short stops
Americana International, the company that owns...
Americana International, the company that owns the Bench brand, has changed its name to Bench.
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Article
Amer posts higher sales and margins
Amer Sports reported sales of €461.1 million for the second quarter, representing increases of 23 percent in euros and 9 percent increase in local currencies. The currency-neutral sales increase was driven by double-digit growth in outdoor. Europe was the weakest region. Excluding the acquisition of Louisville Slugger, an American baseball brand ...
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Article
Under Armour’s international sales have almost doubled
Under Armour (UA) reported a 29 percent overall sales increase for the second quarter of 2015 compared with the same period last year, with revenues reaching $784 million. It was the twenty-first consecutive quarter of revenue growth exceeding 20 percent. International revenues, which represented 11 percent of total revenues for ...
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News briefs
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the...
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the Taobao marketplace and a dozen other operations, has hired a Canadian-born executive, Michael Evans, as president in its bid to expand internationally. He reports to Daniel Zhang, the group's chief executive who succeeded Jonathan Lu in May. His initial task ...
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News briefs
Patagonia has hired Alex Beasley as its new country manager...
Patagonia has hired Alex Beasley as its new country manager for the U.K. & Ireland. The announcement has come after a series of recent hires and reorganizations as the company continues its restructuring across Europe. Beasley will manage Patagonia's wholesale business and support its retail and e-commerce strategy in the ...
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News briefs
Nike and Apple have agreed to settle a lawsuit brought...
Nike and Apple have agreed to settle a lawsuit brought by consumers around the efficacy of the Nike+FuelBand. The class action lawsuit, which was first brought against Nike and Apple in 2013, alleged that the joint Nike-Apple fitness band was marketed on the basis of misleading claims regarding the band's ...
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Article
The strong dollar affects Deckers
The parent company of Ugg, Teva, Sanuk and other brands reported increased net losses of $47.3 million for its first quarter, ended June 30, as compared to $37.0 million in the same period a year ago. At 40.5 percent, the gross margin was 0.5 percentage points lower than a year ...
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News briefs
Quiksilver has hired an adviser, Peter J. Solomon, to help...
Quiksilver has hired an adviser, Peter J. Solomon, to help obtain additional financing from lenders, says Bloomberg. With its stock trading at around 50 cents a share and a warning by the New York Stock Exchange that it may be delisted, Quiksilver is unlikely to raise additional equity. The company ...
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News briefs
Speedo is the first swimwear company to adopt Econyl nylon...
Speedo is the first swimwear company to adopt Econyl nylon 6, the recycled fabric obtained by Aquafil from post-production fabric scraps through a special regeneration process. The Speedo Powerflex Eco swimwear range developed through this fabric is said to retain its shape up to ten times longer than conventional swimwear ...
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Article
Golf drags down the Adidas Group
The Adidas Group has hired an investment advisor, understood to be Gugenheim Partners, to consider options for the sale of two non-core golf brands, Adams Golf and Ashworth, or perhaps even the whole TaylorMade-Adidas Golf (TMAG) segment, whose performance continued to drag down that of the group during the second ...
