Latest Headlines – Page 161
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Primaloft announces the circularity of its Primaloft Bio fibers
Primaloft has announced that its biodegradable fiber, Primaloft Bio, is chemically renewable. According to the company, this makes Primaloft Bio the first 100 percent recycled, biodegradable synthetic insulation and fabric fiber proven to be renewable for use in a circular economy. Third-party testing has shown that the fibers can be ...
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New product and staff at improving Polygiene
Polygiene, the Swedish odor-control brand, launched Odor Crunch at this year's Ispo show in Munich. The new technology is primarily an add-on to Polygiene's Stay Fresh odor control, which was launched 12 years ago to reduce bacterial growth and the need for frequent washes, thus contributing to lower environmental impacts by saving water and ...
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A new European project to recycle coated materials
The EU-funded Decoat initiative has formally begun to work. The initiative, which is led by Centexbel, a Belgian R&D center, addresses the issue of textiles and plastic materials with multilayer coatings – typically with functional and performance features – that are currently not recyclable. The project held its inaugural meeting ...
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Spain’s growing online landscape may be changing
Online sales have generally been on the rise in Spain, more than in some other big European countries. They accelerated in the first quarter of 2018 to a growth of 33 percent, the highest in five years, according to Spain's National Commission on Markets and Competition (CNMC), reaching a level ...
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Spain’s Deporvillage and Tradeinn rank high in growth
Anyhow, a couple of Spanish pure players in the sporting goods sector – Deporvillage and Tradeinn – have been growing briskly and become more international. Both of them this year made the “FT 1000: Europe's Fastest Growing Companies,” the Financial Times' annual ranking of the top 1,000 companies in Europe ...
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Deporvillage grows fastest
Deporvillage, a retailer that conducts all of its sales online, came in the 378th place in FT's index, with three-year absolute revenue growth of 431 percent. In 2017 the company posted revenues of €34.5 million and employed 75 persons.The company's more recent numbers were equally promising. In December, before the ...
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Tradeinn is bigger
Founded in 1997, Tradeinn is more than a decade older than Deporvillage and bigger, with sales that were expected to go up by 17 percent to €140 million in 2018. Tradeinn made its debut this year on the FT 1000 at number 539 with absolute revenue growth of 324 percent ...
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Lifestyle and e-commerce boost revenues
In terms of the broad product categories, the lifestyle segment fared a little better than the sports segment last year, in spite of over-proportional marketing investments in sports performance. For the Adidas brand, global sales went up by 11 percent in the Sport-Inspired category and by 9 percent in Sport ...
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Additional notes
Adidas' shares, whose value rose by 9 percent last year, in contrast with market trends, is becoming more attractive, especially in the U.S. According to the company's annual report, the total number of shareholders in the group increased to around 80,000 in 2018 from 70,000 in the previous year. Among ...
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Amer’s new investors want total board control
After receiving pledges for about 94.98 percent of the voting shares in Amer Sports, even before the deadline of March 29 set for the completion of the tender offer, the Mascot Bidco consortium proposed yesterday to change completely the composition of Amer's board of directors at an annual general meeting ...
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JD wants all of Footasylum
Changing its attitude toward the more lifestyle-oriented British retailer, JD Sports Fashion is now offering to take over all of Footasylum's shares. It had previously described its acquisition last month of 18 percent in the company as a portfolio investment, reserving the right to make a full bid, with the ...
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Go Sport’s sales rise by 5.4% without Courir
Rallye has reported 2018 revenues of €885 million for Go Sport, its French multi-sport retail chain, representing a 9.8 percent increase as compared with 2017. On a same-store basis and at constant currencies, the sales increase was of 4.9 percent. Excluding Courir, which Rallye has recently sold, revenues totaled €494 ...
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Good year for Norwegian sports retailers
According to the Norwegian sporting goods industry federation, Sportsbransjen, 2018 was a record year for country's major sporting goods chains with overall sales of 14.2 billion Norwegian Krone (€1.5bn-$1.7bn), a 3.4 percent increase from 2017. The total sporting goods market may have grown even faster if pure internet retailers are ...
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Le Coq Sportif has a new minority shareholder
Airesis, the Swiss investment firm that is the brand's majority shareholder, has announced the arrival of Mirabaud Patrimoine Vivant as a new investor in Le Coq Sportif, the French sports and lifestyle brand, with a total financing of €10 million. Airesis didn't specify the stake that Mirabaud is taking in ...
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Strong sales for Fila, helped by Anta
Although its sales and operating profits soared, Fila saw its net income for the fourth quarter of 2018 tumble by 74 percent from the year-ago period, down to 3,872 million Korean won (€3.0m-$3.4m).Including the results of Acushnet, the golf company in which Fila holds a 53 percent stake (see the ...
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Clubs and balls weigh on Acushnet’s results
Lower sales of Titleist golf clubs, Titleist golf balls and FootJoy golf shoes drove down Acushnet's sales for the fourth quarter of 2018. They declined by 2.3 percent from the year-ago quarter to 343.4 million, or by 1.4 percent in constant currencies.In Europe, the Middle East and Africa (EMEA), revenues ...
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A new generation and record results for BasicNet
A new generation is taking over at BasicNet, the parent company of brands like Kappa, Superga and Sebago, after the company reported the best financial results in its history. Its consolidated sales grew in 2018 by 14.7 percent to €210.4 million, with a growth of 15.2 percent in local currencies. ...
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Crocs posts better-than-expected results
Led by the U.S. market and driven by its wholesale business, Crocs posted record revenues for the fourth quarter. Reaching a level of $216.0 million, they were up by 8.5 percent from the year-ago quarter, or by 11.3 percent on a constant-currency basis. This was well above the top end ...
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Newell’s boss is resigning
Michael Polk, the president and chief executive of Newell Brands, will be retiring at the end of the second quarter. With an annual salary of more than $21 million, he has been running the company and the former Newell Rubbermaid since July 2011, masterminding the merger with the former Jarden ...
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A new design chief for Under Armour
The shoe designer Dave Dombrow has made his second exit from Under Armour in three years. The Baltimore-based company has confirmed the departure but made no further comment. However, it has since hired Kasey Jarvis to replace Dombrow as of April. For the past months, Jarvis has been director of ...
