Latest Headlines – Page 139
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ArticlePrimaloft will make more noise
No figures are available, but Primaloft is said to have become very profitable after growing for a while at a double-digit rate every year. Some of the profits are going to be reinvested in consumer-oriented advertising to build up brand awareness, probably starting with the autumn/winter 2021 season, to accompany ...
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EuroShop 2020: these trends determine the retail business of the future
(OIC) What are the trends in retail design and retail technology? Which new solutions does the international shopfitting scene present to retailers? Düsseldorf’s international shopfitting trade fair, EuroShop, was able to provide a clear answer to these questions: the more digital the shopping experience, the more important the emotional quality ...
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ArticleCoronavirus depresses Adidas’ and others’ sales in China
COVID-19 or the novel cronavirus, as the virus is now named, has already infected more than 79,000 people in 30 countries around the world, according to the World Health Organization, but it remains largely concentrated in China. While it has been expanding at a slower rate recently in the country, ...
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A new executive team at Nike
John Donahue, the new chief executive of Nike, has installed a new leadership team to replace the one that accompanied the outgoing CEO, Mark Parker, from April 1 onward. Two former Parker lieutenants, Eric Sprunk and Elliott Hill, will retire from the company later this year. Like Trevor Edwards, who ...
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Change of the guard at Burton
Burton Snowboards has announced that John Lacy will be the company’s sole chief executive. He has shared this role over the past 18 months with Donna Carpenter, who will now take over the position of chairperson of Burton’s board of directors from her late husband and company founder, Jake Burton ...
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ArticleBasicNet exceeds €1 billion in aggregate revenues for the first time
BasicNet, the owner of Kappa, K-Way and other brands, posted aggregate sales of €1,025 million, representing a 17.1 percent increase as compared to 2018, based on preliminary figures. The figure includes €742.9 million from commercial licenses and €282.4 from production licenses. The operating result before amortization and depreciation (Ebitda) of ...
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Cabrinha Kites falls under new ownership
The leading Hawaiian kitesurfing brand is returning to its roots. Cabrinha’s founder, Pete Cabrinha, has teamed up with a U.S. investment company, Water Bound Investments, to buy the brand back from the Hong Kong-based NeilPryde Group. Water Bound Investments is managed by a former kite professional and Cabrinha team rider, ...
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Shimano buys Pioneer Sports Cycle assets
Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013.
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Big loss at Fitbit pending Google’s bid
Google’s proposal to acquire Fitbit for $2.1 billion was approved by the latter’s shareholders on Jan. 3, but it is still undergoing regulatory scrutiny in the U.S. and Europe. In both areas, regulatory authorities have expressed concern that the health and other data being collected by Fitbit will be used ...
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Uvex offers smart crash sensors
Uvex, the German producer of spectacles and helmets, has entered into a strategic distribution partnership for Germany and Austria with a German start-up, Tocsen, which has developed smart crash sensors that are compatible with ski and bicycle helmets and can quickly call for help in an emergency.
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MIPS’ sales jump by 41%
MIPS, a Swedish supplier of helmet-based safety technologies intended to protect wearers against rotational movements, saw good growth in the fourth quarter, with sales rocketing by 41 percent from the year-ago quarter to 88 million Swedish krona (€8.3m-$9.0m). Adjusted for currency effects and acquisitions, and on an organic basis, they ...
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Ispo Awards praise sustainability, get new team
As usual, an independent jury has selected the winners of the Ispo Awards for this year’s Ispo Munich. The most innovative products in snow sports, outdoor, running, fitness & team sports and sustainability were chosen from a large number of high-quality entries. While the titles “Winner” and “Gold Winner” have ...
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Canada Goose lowers outlook due to Coronavirus impact
Canada Goose Holdings has drastically lowered its guidance for the financial year ending on March 29 due to the coronavirus outbreak and its impact on sales in Mainland China. The management said that the virus is affecting retail sales of its products both in China and in stores located in ...
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New CEO for Rapala
In the midst of reforms to turn around the business, Rapala VMC has appointed Nicolas Warchalowski as its new chief executive, effective from March 1, 2020. He has had an extensive career in international consumer businesses, heading up companies such as BabyBjörn, Peak Performance and Haglöfs.
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Moncler continues to grow, without Kering
The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete plans ...
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Footway bids for Sportamore
The Footway Group, a Swedish online shoe retailer that is expanding internationally, announced on Feb. 17 that it wants to buy Sportamore, a leading Swedish online retailer of sports products. Footway has offered to pay 439 million kronor (€41.5m-$44.9m) in cash and shares for Sportamore, or a premium of around ...
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ArticlePlanet Sports is insolvent
The German sports retailing landscape is changing rapidly. A Munich court has accepted a request to place Planet Sports, a leading German action sports and streetwear retailer, under bankruptcy protection, according to TextilWirtschaft. The information, which could not be confirmed by the time of going to press, highlights the difficulties ...
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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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ArticleBrooks runs faster in EMEA, sues U.S. firm
Brooks Running has reported a sales increase of 18 percent in the EMEA region in 2019, led by the U.K., DACH (Germany, Austria and Switzerland) and France. Revenues grew in the U.K. by 39 percent, in DACH by 18 percent, and in France by 20 percent.
