Latest Headlines – Page 163
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Anta’s sales and profits surge
Anta accelerated its expansion in 2018 with a sales increase of 44.4 percent to 24.1 billion yuan renminbi (€3.2bn-$3.6bn), which led to an unprecedented profit for the Chinese group. The company's gross margin firmed up by 3.2 percentage points to 52.6 percent, while the operating margin inched down by 0.2 ...
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Wolverine partners with Xtep for China
Wolverine Worldwide and Xtep International, one of the major Chinese sporting goods companies, have announced agreements to set up a joint venture that will develop, market and distribute Merrell and Saucony footwear, apparel and accessories in China, Hong Kong and Macau. Some of the items will be exclusively designed and ...
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Driven by Merrell, Wolverine raises sales and margins
Thanks to efforts to reduce operating expenses, which declined by 40 percent year-on-year, Wolverine Worldwide's margins improved before exceptional items and profits soared in the fourth quarter ended on Dec. 29. The quarterly net income reached $39.3 million, compared with a loss of $60.3 million for the fourth quarter of ...
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Good growth, lower margins for Kappa’s Chinese licensee
China Dongxiang reported a 17.3 percent increase in total revenues to 1,706 million yuan renmimbi (€225.2m-$254.3m) for 2018, driven by an 18.4 percent increase in its Kappa business in China, whose revenues represented 68.8 percent of the total turnover. Kappa grew by 11.6 percent in Japan, where the Phenix brand raised ...
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Altra picks up speed in Europe
The demand for the American brand of running shoes has been picking up strongly in Europe following its acquisition in June 2014 by VF Corp., which is integrating it with its other sales and marketing operations in the region. As before, when it was owned by Icon Health & Fitness, ...
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Nike remains the most valuable apparel brand
Remaining in the N° 1 spot in the rankings of Brand Finance, the Swoosh consolidated its position last year as the most valuable brand of clothing, with its value rising by 16 percent to $32.4 billion.The consultancy said that Nike's progress had been driven by its high-impact marketing strategies at ...
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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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Alpargatas ends the year on a high
Driven by the strong performance of Havaianas in Brazil and a 29.3 percent increase in the brand's international operations, Alpargatas' profitability surged in the fourth quarter of 2018. The Brazilian group benefited from favorable exchange rates overall, with the notable exception of Argentina, which is facing an economic crisis.Alpargatas' consolidated ...
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Nautilus’ CEO resigns as new coaching platform doesn’t meet expectations
Nautilus announced on March 1 the resignation with immediate effect of its chief executive, Bruce Cazenave, who has run the American fitness equipment company for the past seven years, leading it through the acquisition of Octane Fitness in 2016 and other strategic moves. M. Carl Johnson III, chairman of the ...
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Improved results for Black Diamond’s parent
Again beating analysts' forecasts, Clarus Corp. reported a 9 percent increase in revenues to $57.3 million for the fourth quarter of 2018, with no currency effects, accompanied by a 27 percent jump in adjusted net earnings to $5.9 million. The gross margin improved by three percentage points to 35.6 percent, ...
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Best quarter ever for New Wave
The New Wave Group, the Swedish company behind Craft and Cutter & Buck, said the fourth quarter “goes down in history” as the best so far for the company. Sales jumped in the three months ended on Dec.31 by 19 percent to 1,940 million Swedish kronor (€183.8m-$209.4m), or by 14 ...
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Moncler posts double-digit growth in all regions and channels
Moncler recorded consolidated revenues of €1,420.1 million in 2018, an increase of 22 percent at constant exchange rates and of 19 percent in euros as compared to 2017. The growth continued to be strong also in the fourth quarter, with revenues up by 20 percent both at constant and at ...
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Surf and mountain sports boost Lafuma’s results
Groupe Lafuma's turnover improved by 5.8 percent to €169.8 million in 2018, with each division contributing to the growth. The group's operating income jumped by 12.5 percent to €7.1 million.The management noted that the last year was marked by increased political and economic instability, including the Brexit discussions and the ...
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Globe International boosts profits by 25%
After a strong fiscal 2018, Globe International's earnings rose again during the first half of its financial year. Net profit after tax rose by 25 percent to 4.3 million Australian dollars (€2.7m-$3.0m) for the six months ended on Dec. 31, 2018, with Ebitda rising by 23 percent from the year-ago ...
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Fitbit turns around
Thanks to strong sales of smartwatches and cost cutting efforts, Fitbit managed to turn things around in the fourth quarter and the year 2018. For the full year the company's revenues were still down by 6.4 percent to 1,512 million, and around 44 percent of them came from smartwatches, up ...
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Garmin sees strong margin growth
Led by a strong performance by its aviation, marine, outdoor and fitness segments, Garmin recorded a significant improvement in gross and operating margins for the fourth quarter.Total revenues were up by 4 percent to $932 million, with marine, aviation, fitness and outdoor collectively growing by 13 percent from the year-ago ...
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Giancarlo Zanatta, what a man!
Giancarlo Zanatta, the builder and former president of the Tecnica Group who turned 80 in February 2018, took the opportunity of the Ispo show in Munich last month to present his autobiography, which reveals the interesting journey of a man who, over 63 years of hard work, built up a ...
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Sympatex markets its sustainability image
Sympatex is highlighting its focus on sustainability in a highly competitive market for waterproof/breathable membranes. At the Ispo Munich trade show earlier this month, the management of the Munich-based maker of functional materials strived to convey this message by saying that it is the right thing to do from the ...
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New sports proposed for Paris 2024
Breakdancing, skateboarding, sport climbing and surfing might be part of the program of the Paris 2024 Olympics. The Organizing Committee of Paris 2024 (COJO) has put forward its proposal for these new sports to be included. Thanks to new provisions in the Olympic Agenda 2020, the strategic roadmap for the ...
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Distributors wanted for a back-pain relief system
Percko, a French company that makes an unique line of apparel designed to reduce back pain, is about to launch a new connected device called Wavii. It consists of a sensor placed on the upper back, linked to a proprietary smartphone app, that is intended to analyze the person's posture ...
