Latest Headlines – Page 177
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Champion grows strongly
The Champion brand rose by 18 percent in the second quarter globally, with growth of 16 percent in constant currencies. Without giving a specific figure for the revenues generated by the brand, the management of its parent company, Hanesbrands, confirmed its goal of reaching annual sales of $2 billion with ...
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Moncler posts double-digit sales and profit increase
Moncler posted consolidated revenues of €493.5 million in the first half of 2018, up by 21 percent at current exchange rates as compared to the first half of last year. On a currency-neutral basis, Moncler's growth reached 27 percent. The turnover was lifted by the group's sales in Asia, which ...
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Deckers posts record sales, aided by Hoka
Led by a strong performance by Hoka One One, Ugg and Teva, Deckers Brands posted a strong first fiscal quarter, with revenues reaching a record high of $250.6 million, up by 19.5 percent from the same quarter last year. On a constant currency basis, sales increased by 17.6 percent.Revenues from ...
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Adelis buys Didriksons
Didriksons has been taken over by Adelis Equity Partners, an investment fund that acquired a majority stake in the Swedish rain and functional apparel brand from another fund managed by Herkules Capital.The price was not disclosed. Based in Norway, Herkules bought its majority stake in Didriksons four years ago and ...
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New tax on bicycles sold in Russia
Russia's Industry and Trade Ministry is seeking to subject bicycles, both imported and those manufactured in the country, to a so-called utilization fee starting from Oct. 1, 2019. The rate of the new tax is yet to be discussed with the Nature Ministry, said the press office of the Industry ...
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Analysis: The global athletic shoe market 2017
The global athletic shoe market accelerated in 2017 , with a gain of 9.4 percent in dollars to $63.2 billion compared with an increase of 8.8 percent recorded in the previous year, according to an annual SGI survey of the branded market based on the vendors’ revenues from this type ...
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SDI moves ahead with store upgrades
Sports Direct International (SDI) says that its strategy to upgrade its stores is paying off, as its underlying operating profit strongly outpaced its sales increase for the full fiscal year to April 29.The British sports retailer's turnover was up by 3.5 percent to £3,359.5 million (€3,752.3m-$4,393.4m), amounting to an increase ...
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XXL's strong growth puts pressure on margins
Thanks to new store openings and a sunny spring in the Nordic countries, XXL ASA recorded strong growth in the second quarter. However, the higher expenses needed to support its growth and foreign exchange rates negatively impacted margins.The company indicated that its main markets responded well when spring weather finally ...
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JD invests in German expansion
JD Sports Fashion is reportedly investing in its resources for development in Germany, to rapidly spread its stores across the country as well as Austria and Switzerland.The British sports fashion retailer moved into Germany in 2013 with the acquisition of a majority stake in Isico, a sneaker retailer established by ...
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Kaufhof and Karstadt partnership on the table – again
Hudson's Bay Company (HBC), the Canadian company that owns Galeria Kaufhof, has confirmed that it was exploring a tie-up with Karstadt, which could lead to the long-awaited partnership between the two German department store groups.The confirmation came after a report from Wirtschaftswoche, which said that a principle agreement had been ...
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Signa Sports reinforces management
Signa Sports United, the company behind Internetstores, Probikeshop, Tennis Point, Outfitter and Stylefile, has reinforced its management team with the appointment of a chief strategy officer (CSO) and a chief technology officer (CTO), as a means to pursue what it describes as “aggressive growth.”Signa said upon the appointment of the ...
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Tablets have raised sales at SportScheck stores
SportScheck reports that the use of tablets has boosted annual sales in its stores by an estimated €10 million, while reducing the number of product returns by half. After launching its in-store app three years ago, SportScheck managed to send out 130,000 new customer cards and to update 90,000 customer records.These ...
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Nike secures football triumph with France
Just a few minutes after France won the football World Cup earlier this month, several players were cavorting around the pitch wearing a Nike jersey with two stars. It marked France's second victory in the tournament – and by most measures it was a marketing win for Nike, which outfitted ...
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The World Cup will affect Russia’s sports goods market later
Some sports retailers in Russia registered a hike in sales just before and during the recent Fifa World Cup, but local analysts believe that the real effect on the market has yet to come.For example, Adidas registered record-breaking sales in the first three days of the tournament. The turnover of ...
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Vans fuels buoyant quarter for VF
Another sales rise of 35 percent for the Vans brand in the three months to the end of June fueled a turnover jump of 23 percent to $2,788.1 million for VF Corporation in the first quarter of its new fiscal year.The group reported a sales increase of 12 percent from ...
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Skechers’ shares tumble after lower-than-expected earnings
Skechers USA again posted record revenues for the second quarter ended June 30, after breaking the threshold of $4 billion in annual sales for the first time in 2017. However, its shares dropped by more than 20 percent after the company posted significantly lower earnings than expected for the quarter. ...
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Sneakers and the internet drive the German shoe market
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with the BBE, the German consultancy for the retail industry, athletic footwear and canvas lifestyle shoes still represent the best-selling segment of the shoe industry. The study also confirms that the online retail business keeps growing, ...
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Adidas challenges Rockport’s sale
A U.S. equity fund, Charlesbank Capital Partners, has emerged as the only bidder for most of the assets of the bankrupt Rockport Group, including its intellectual property rights for the Rockport, Aravon and Dunham brands, its sales operations in Europe and Asia and its other global wholesale and e-commerce businesses. ...
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Mizuno rejigs European structure and widens sneaker range
Mizuno is rejigging its European management amid adjustments in strategic plans for the brand in Europe, which will be marketed more forcefully as a multi-sport brand and expanded in the sneaker market.As previously reported, Mizuno reported sales of 14.3 billion yen (€110.1m-$128.6m) in Europe, the Middle East and Africa for ...
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CEO change at Odlo
Knut Are Høgberg has been appointed to take over as chief executive at Odlo, the Swiss outdoor brand, after nearly three years as chief operating officer and deputy CEO. He has formally taken over this month from Christophe Bézu, who has driven far-reaching adjustments in the Swiss outdoor brand's distribution ...
