Latest Headlines – Page 151
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New Wave increases revenues, profits decline
The New Wave Group, the company behind Craft and Cutter & Buck, saw sales jump in the second quarter by 11 percent to 1,689 million Swedish kronor (€157.5m-$174.7m), or by 6 percent in constant currencies. However, earnings were affected by investments in growth initiatives.The Swedish group recorded sales increases in ...
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Norrøna’s growth comes to a halt
Arktis Holding, the group that controls all of Norrøna's operations, suffered a 24 percent decline in profits for 2018, after many years of steady growth. Net income landed last year at 61.6 million Norwegian kroner (€6.18m-$6.84m), while the turnover decreased from NOK 635 million in 2017 to NOK 630 million ...
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Better-than-expected results for Canada Goose
Canada Goose Holdings posted better-than-expected revenues and a smaller-than-expected net loss for its first quarter ended on June 30, thanks to strong demand for its high-end jackets and parkas in Europe and Asia.Revenues jumped by 59.1 percent to $71.1 million Canadian dollars (€48.0m-$53.5m), which was well above analysts' expectations. The company's ...
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Moncler posts double-digit sales and profit growth
In the first half of 2019, Moncler recorded revenues of €570.2 million, an increase of 13 percent at constant exchange rates and of 16 percent at current exchange rates as compared to the corresponding period of 2018. The growth rate accelerated in the second quarter. The net income of €71.3 ...
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Vulcabras recovers in Q2
After a weak first quarter, Vulcabras enjoyed a 16.5 percent increase in total revenues to 327.0 million Brazilian reais (€71.0m-$78.7m) in the second one, with gains of 12.3 percent in athletic footwear to R$ 239.4 million (€52.0m-$57.6m) and 14.4 percent in women's shoes to R$ 47.0 million (€10.2m-$11.3m). Sales of apparel and ...
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Havaianas goes direct in Greece and China
Alpargatas, the Brazilian-based parent company of Havaianas, has pulled off a very strong quarter, lifted by both domestic and international sales. Its net income rocketed by 73.0 percent to 31.6 million reais (€7.0m-$7.8m) for the second quarter of 2019. The management said this expansion reflects efforts to widen the focus to ...
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Good first-half results for Yue Yuen
Yue Yuen Industrial Holdings reported a 6.3 percent increase in sales to $5,070.7 million for the first half of the year, driven by a double-digit increase in retail revenues, with footwear manufacturing performing better than before. The Chinese company's net income jumped by 10.5 percent from the year-ago period to ...
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Adidas maintains its guidance but warns about a global crisis
Commenting on the Adidas Group's latest results just after a much-criticized, temporary drop in the value of the yuan renmimbi, the company's chief executive, Kasper Rorsted, warned last Thursday that “everybody will lose” if the trade dispute between the U.S. and China escalates into a currency war, as it will ...
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Adidas and Sportmaster join forces on the Russian market
Confirming our previous report on the subject, Adidas and the biggest Russian sports retailer announced that they had signed a new partnership agreement in a joint statement on July 23. For many years, Adidas had refused to sell it products to Sportmaster, focusing instead on its own large network of ...
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Asics’revenues decline in Europe
The Japanese giant had lower revenues in the second quarter, especially in the Europe, the Middle East and Africa (EMEA) region. Sales there contracted by 10.7 percent to 46,651 million yen (€390.3m-$441.5m), mainly due to weak sales in the performance running category and the effect of foreign exchange rates. In ...
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Intersport works with Amazon and SportMarken24 in Germany
Intersport Germany continues to expand the range of omni-channel services for its retail members. Most recently, the German-based retail cooperative opened new channels for targeted sales on third-party platforms.In addition to its own online platform, intersport.de, which operates out of its headquarters in Heilbronn, the company is now offering to ...
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Otto and ECE form an internet joint venture
The big German Otto Group, which deals in online and offline retailing, the management of shopping centers and other activities, has generally maintained a strict separation between the businesses of its subsidiaries Otto and ECE. Positioning itself against big players like Amazon and Zalando in the battle for market shares, the group ...
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SportScheck will offer retail media services
SportScheck, the leading German sporting goods retailer that is part of the Otto group, held its first Retail Media Day at the end of July, offering to give more exposure to sports brands as well as others in fashion and other fast-moving goods and brand partners like BMW in various ...
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Zalando is pushing Connected Retail
Zalando made a big pitch for its marketplace at the Ispo Digitize Summit in Munich last month, pointing out that it can help suppliers and retailers of sports and fashion products in many ways. As previously reported, it wants it to contribute to 40 percent of its gross merchandising value ...
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Wolverine banks on H2
Wolverine Worldwide posted lower-than-expected sales in the second quarter ended on June 29, but its profitability slightly exceeded forecasts. The management largely confirmed its previous projections for the full financial year, predicting a strong second half, with a 5.5 percent currency-neutral increase driven by gains of nearly 10 percent for ...
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Strong growth for Crocs in Q2
Led by a robust performance in the wholesale channel, e-commerce and comparable store sales, Crocs' revenues reached $358.9 million in the second quarter, growing by 9.4 percent from the second quarter of 2018, or by 12.5 percent on a constant-currency basis. This came despite the negative impact of store closures ...
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Champion flies high
Exceeding expectations, the Champion brand's sales grew by more than 50 percent globally in the second quarter ended on June 29 excluding the mass market channel in the U.S., according to its parent company, HanesBrands. Orders remained strong for Champion, with additional product innovations in the pipeline. The brand is ...
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Mixed results for Lafuma
Groupe Lafuma said the structural changes in its markets and customer consumption patterns continued in the first half of 2019 - with a decline in physical store traffic and an increase in online activity - and it has made targeted investments to respond to these changes and improve the customers' ...
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Accell Group moves out of the U.S.
Completing its so-called North American strategic review, Accell Group is selling off nearly all of its loss-making U.S. operations, which it has defined as non-core. The purchasing party is Regent LP, a private-equity firm operating out of Beverly Hills, California, that previously acquired Mavic, the producer of bicycle rims owned ...
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Dorel Sports does well in the second quarter
Revenues for Dorel Sports, the bike division of Dorel Industries, went up by 7.4 percent in the second quarter to $241.0 million, or by 9.4 percent in constant currencies. Excluding foreign exchange rate fluctuations and the divestiture of its performance apparel business last year, revenues increased by 11.1 percent. Most ...
