Latest Headlines – Page 172
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Puma unveils a platform to help drive social change
Puma has launched #Reform, a new platform for activists from sports, music and entertainment to champion causes and encourage conversations around civil rights issues. The sports brand said that the idea of the platform was inspired by Tommie Smith's famous “Silent Gesture” at the 1968 Olympics in Mexico City, with ...
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Under Armour’s transformation plan starts bearing fruit
Under Armour's restructuring measures have helped the group post better results for the third quarter, including a slightly higher gross margin and a significant sales rise in markets outside the U.S.The company has identified further cutbacks and investments, which should raise restructuring and related charges to between $200 million and ...
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American Golf is rescued by Endless
Endless, a mid-market private equity investor, has completed the acquisition of American Golf, immediately after the specialist golf retailer had fallen into administration, a procedure under the British legislation which is similar to bankruptcy in the U.S. American Golf had appointed Deloitte to find a buyer in early October. The ...
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Golf participation in Europe is generally stable
In 2017, the number of registered golfers and golf courses in operation in Europe did not show any significant variation overall as compared to 2016, although some countries did register some noticeable change. The vast majority (76%) of the local golf associations said that the level of participation in their ...
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Winter starts off favorably for Amer Sports
The acquisition of Peak Performance and robust sales of winter sports equipment have driven another sales rise for the Amer Sports group in the third quarter, but the Finnish company has set in motion the sale of its cycling business and declined last week to provide any updates on a ...
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Brunswick makes big changes at the top
Brunswick Corporation has hired Jason Worthy as president of its fitness division. He is replacing Jaime Irick, who has stepped down from his dual post as the division's president and vice president. The change in management comes at a time when the fitness division is looking for growth while it ...
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Callaway raises guidance after record results
Callaway Golf Company posted stellar results for the third quarter, after a very strong first half. In particular, revenues soared by 8 percent from the year-ago quarter to a record of $263 million. The company also significantly improved its profitability, with adjusted Ebitda soaring by 30.7 percent to $17million.The good ...
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Shimano’s profits jump by more than 40%
After a difficult financial year in 2017, Shimano turned things around in the first nine months of 2018, with profits soaring. The company said that it benefited from continued moderate economic expansion in Europe, with higher personal consumption trends backed by improvements in employment and income. Sales were also boosted ...
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The EU imports more bikes from China and Cambodia
The number of regular bicycles imported from China to the European Union continues to rise. For years the number had remained flat at 350,000 to 400,000 units, but 2017 saw a big increase to 635,000 units. Bike Europe noted that by the end of the first half of 2018, imports ...
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Robust quarter for Columbia
Columbia Sportswear has upgraded its guidance for the full year, after broad-based increases in sales and profits for the third quarter.The group's turnover moved up by 6 percent to $795.8 million for the three months, up by 7 percent in constant currencies, with equivalent increases for the apparel and footwear ...
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Vans’ growth in Europe softens
Vans grew by 26 percent globally in terms of local currencies, including an increase of 25 percent in footwear, according to VF Corporation's financial report for the third quarter ended on Sept. 29. Wholesale revenues went up by 23 percent, driven by strong back-to-school performance globally. DTC increased by 29 ...
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VF benefits from acquisitions
VF Corporation reported a 15 percent sales increase to $3,907.4 million in its continuing operations for the third quarter ended Sept. 29, with a 16 percent increase in constant currencies. On an adjusted basis, excluding the acquisition of Williamson Dickie, Icebreaker and Altra, which contributed sales of $324 million during ...
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Timberland trails The North Face
The North Face performed relatively well in VF's second quarter, ended Sept. 9, rising by 5 percent in dollars and by 7 percent in local currencies, aided by double-digit growth in its direct-to-consumer (DTC) business in all regions. In the first quarter, TNF's sales had gone up by only 5 ...
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Foreign markets drive Skechers to new heights
Skechers USA saw its shares rise by as much as 8 percent after posting profits that beat estimates. Although the footwear maker's net income fell by 1.7 percent from the year-ago quarter to $90.7 million, this was significantly higher than the level anticipated by Wall Street. Investors also welcomed the ...
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Deckers raises guidance as earnings rocket
Thanks to continued profitability gains by Ugg and top-line growth by Hoka One One, Deckers Brands raised its guidance for the full year through next March, budgeting higher earnings on sales that should reach a range of $1,935 million to $1,960 million.The group's net earnings for its second fiscal quarter ...
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Moncler records ongoing double-digit growth
Moncler posted consolidated revenues of €872.7 million for the first nine months of 2018, which represent an 18 percent increase compared with the first nine months of 2017, or a 23 percent increase at constant exchange rates. Growth was evident across all markets and distribution channels. Commenting on the figures, ...
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Fanatics boosts management as it internationalizes
Fanatics has continued the strong international deployment of its vertical manufacturing and merchandising model by signing a new long-term partnership with the strong German Football Association (DFB). It will handle the sourcing of a greater range of licensed products for the DFB that will be available to fans all over ...
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Fesi and Fedas work more closely, more actively
The Federation of the European Sporting Goods Industry (Fesi) and the European Federation of Sporting Goods Retail Associations (Fedas) have announced a new cooperation agreement that is meant to further reinforce their ongoing collaboration. The document creates a long-term framework agreement focused on a restricted number of policy areas: digital, ...
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New management for the SGI-DHO
Andreas Rudolf, joint general manager of Sport 2000 Germany, is taking over on Nov. 1 as president of the Sporting Goods Industry Data Harmonization Organization (SGI-DHO), the company that owns the Fedas product classification key (PCK), a six-digit code that is widely used in our industry, mainly in Europe. Rudolf ...
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WFSGI helps cope with labeling problems
After a pilot phase, the World Federation of the Sporting Goods Industry (WFSGI) has launched a digital tool, called the Compliance Labeling Requirements (CLR) Database, to help companies to navigate in the global maze of labeling guidelines. This is because one of the most basic and daunting constraints in doing ...
