Latest Headlines – Page 180
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Foot Locker performs better than expected
Foot Locker reported a drop in net income to $165 million in the first quarter ended May 5 from $180 million in the year-ago period, but this included an extraordinary charge of $12 million related to a pension issue. The gross margin was off by 1.1 percentage points, down to ...
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Sport Pursuit launches an online store for Eurosport
Eurosport has teamed up with Sport Pursuit to launch an e-commerce platform, Eurosport Shop, which markets sports, outdoor and endurance brands to an audience of millions of consumers across Europe.Under the multi-year partnership, Sport Pursuit takes care of all e-commerce and back-end functions, including brand relationships, order processing, distribution and ...
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Football brand competition kicks off for World Cup
Just a few weeks before the kick-off for the football World Cup, the competition is already in full swing for suppliers – with Adidas in the lead for the number of outfitted teams but Nike claiming a majority of the players with the Swoosh at their feet.Adidas is outfitting 12 ...
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Macron nears the €100 million sales target
Predicting that its turnover will reach the €100 million threshold in 2018, one year earlier than scheduled under its latest business plan, the leading Italian producer of sports teamwear is planning to move into a new head office in Bologna by 2020 to cope with the steady expansion of its ...
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Le Coq Sportif returns to profitability
Le Coq Sportif returned to profit last year on a sales increase of 9 percent to €117.5 million, after a strong second half. The rise was driven by growing demand for its apparel, which has been stimulated by hundreds of dedicated retail corners.The brand saw a sharp increase in its ...
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Bogner predicts a return to growth
Bogner anticipates that it will manage a turnover rise in the fiscal year to the end of October, after a 2.5 percent decline in operating revenues to €150.6 million for the previous year.The German winter sports apparel company's turnover was down in both its wholesale and retail business for the ...
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Lululemon’s shares hit record high on upbeat results
After a particularly strong 2017, Lululemon Athletica continued on its upward trend during the first quarter ended April 29. Thanks to higher-than-expected sales from a revamped e-commerce platform, the company's results largely exceeded analysts' expectations and the company's own guidance. Revenues were up by 25 percent to $650 million, or ...
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Inov-8 is expanding quickly
The British brand of running shoes is reporting a particularly strong 60 percent increase in forward orders in the Europe, the Middle East and Africa (EMEA) region, led by Scandinavia, Germany and the U.K. Globally, the company's orders for off-road footwear are up by 20 percent, with significant growth in ...
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Hoka helps Deckers end the year on a high note
Thanks to a strong performance by Ugg and Hoka One One, Deckers Brands posted a stellar fourth fiscal quarter and full year, with revenues and profits beating analysts' expectations.The revenues from the Hoka One One brand jumped by 34.1 percent to $50.4 million for the quarter ended March 31, and ...
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Moon Boot is becoming a lifestyle product
The Tecnica Group is taking its iconic after-ski boot down from the mountains to the city, expanding the range of its styles and positioning the Moon Boot as a premium-priced, contemporary brand of warm and comfortable footwear with an Italian design for young and adult women, a little like Moncler ...
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A new EU study on the broad sporting goods sector
The European Commission has released a 198-page study, titled “Improve Economic and Policy Knowledge in the Field of Sport Related Industries with particular focus on Sporting Goods Sector,” showing among other things that, between 2008 and 2015, all retail and wholesale operations in the sporting goods sector of the European ...
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Canadian Tire agrees to buy Helly Hansen
Helly Hansen is to be acquired by Canadian Tire Corporation (CTC), one of its largest retail partners, in a deal valuing the Norwegian outdoor, skiing and sailing brand at nearly one billion Canadian dollars.The agreement for the acquisition comes less than six years after Helly Hansen was taken over by ...
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Daka splits from Intersport
Intersport is losing its second-largest member in the Netherlands, as Daka Sport decided to focus on its own brand and to quit using the services of Euretco, the buying group that runs the Intersport retail brand in the country, along with Runnersworld and The Athlete's Foot.Daka Sport is a retail ...
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Decathlon enters the Baltics and Kazakhstan
Decathlon has started building its first store in Lithuania – a first step in the pledged expansion of the French sporting goods retailer in the Baltic region. The company laid down the foundation stone of the store in the VNO Business and Trade Park, next to Vilnius' international airport.The store ...
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Head considers making ski products in Ukraine
Head International plans to build a huge factory in Ukraine's Vinnitsa province for the production of winter sports goods, including skis, ski boots and ski bindings, with a total investment of €80 million, according to a statement released by the Ukraine Investment Promotion Office.It's not a done deal, however, according ...
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E-commerce attracts big investors
The fast-moving digital retailing sector, which needs cash to grow, has attracted two very big players at the high and low end of the market.Richemont, which owns brands like Cartier and Chloé, succeeded a few days ago in its bid to take over control of Yoox Net-a-Porter (YNAP) in a ...
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Zalando adds a line of beauty products
Zalando added a line of beauty products from 130 cosmetic and skin care brands to its offer toward the end of the first quarter of this year, accompanied by online tutorials and plans for the establishment of a Beauty Concept Store in Berlin next month. More than 70 percent of ...
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Netshoes invests in its marketplace, after a tough quarter
Netshoes saw the price of its shares plunge by as much as 60 percent in the two days after the Brazilian online retailer reported that its sales increased by 0.8 percent to 396.2 million Brazilian reais (€90.9m-$107.2m) for the first quarter but its loss widened to R$60.3 million (€13.8m-$16.3m), compared with ...
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Sales and profits tumble at Asics, before a predicted upturn
Sizeable sales decreases in the Americas as well as Europe and Japan pushed the turnover of the Asics group down by 9.4 percent in constant currencies for the first quarter, and investments in retailing dragged the Japanese company's income down for the three months.Asics said it has adjusted its five-year ...
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Asics gears up for a recovery in Europe
Asics saw its underlying sales tumble in Europe, the Middle East and Africa (EMEA) for the first quarter, but the company says that the restructuring measures and investments launched last year are starting to pay off.The group's sales in EMEA moved up by of 3.7 percent to ¥28,730 million (€220.8m-$260.5m) but ...
