Latest Headlines – Page 198
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Steady sales for China Dongxiang in China
Despite a sharp decline in Japanese sales under both the Kappa and Phenix brands, China Dongxiang saw its turnover slip by 3.7 percent to 626 million yuan renminbi (€79.6m-$94.0m) for the first half of the year but its profit was pushed up by improved returns from its investment operations.The Chinese ...
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Phenix starts a European office in Switzerland
Phenix, the Japanese skiwear brand taken over by the China Dongxiang Group in 2008, has set up a European office in the Rolle Business Center between Lausanne and Geneva, with a goal of tripling its sales in Europe in the next five years by providing marketing support to existing and ...
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Privatized, Belle will tackle its non-athletic footwear business
Belle International Holdings, the big Chinese retailer which operates more than 20,000 footwear and sports stores, was delisted from the Hong Kong stock exchange on July 27, after a privatization process that turned Hillhouse Capital Group into the company's majority shareholder.Belle had been listed for about a decade but a ...
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Athleisure helps Stella pull off strong results
Stella International saw revenues for the six months to June 30 advance by 5.7 percent to $762.4 million. Volumes also rose, with 27 million pairs of shoes shipped - an increase of 6.3 percent over the year-ago period.The company attributed this performance to increasing demand for “fashion athletic products” and ...
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VF Corp. will acquire Dickies
VF Corp. has announced a definitive agreement to acquire Williamson-Dickie for $820 million in cash. A family-owned business, Williamson-Dickie designs and manufactures workwear apparel and footwear, which it sells under a number of brands including Dickies, Workrite and others. The acquisition is expected to be completed in the fourth quarter ...
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TNF bets on segmentation and women in Europe
The North Face (TNF) is preparing to more intensely target female consumers in Europe next year, after the integration of the former Lucy brand into the outdoor company's range. Women's products currently make up about 30 percent of TNF's sales in the region across all product categories.VF Corporation, the owner ...
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Bergans buys an expedition company
Bergans of Norway has established its own expedition company, Bergans Turglede, after the acquisition of Fram Expeditions from its two Norwegian founders, Cecilie Skog and Bjørn Sekkesæter.The new entity will be headed by Sekkesæter as general manager and tour guide. He was already in charge of the management of Fram ...
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Decathlon prepares to start over again in the U.S. market
As part of its return to the U.S. market, Decathlon is getting ready to open a store in San Francisco later this year. The front of a former Golfsmith store on Market Street has been covered with a message from Decathlon suggesting an imminent opening, and the company answered a ...
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Go Sport grows briskly
Including franchises and other affiliated operations such as Twinner, Groupe Go Sport raised its total sales by nearly 6 percent to €470 million in the first six months of this year, according to its holding company, Rallye, generating higher operating results for the sixth half-year in a row.Net revenues went ...
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Adidas charges ahead
While two leading rivals are cutting back and rejigging their organization, the Adidas Group continued to charge ahead with sharp gains in sales and adjusted operating profit for the second quarter, spread across all markets other than Russia.The group had already made it clear through an upgraded guidance last month ...
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Under Armour restructures
Under Armour is preparing to cut about 2 percent of its workforce as part of a restructuring plan that is meant to align its resources to market developments, and particularly the brand's sluggishness in North America.The move is strongly reminiscent of the cutbacks launched a few weeks ago by the ...
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International fuels Under Armour’s sales
Under Armour unveiled its latest restructuring plans as it reported a sales rise of 8.7 percent to $1,088.2 billion for the second quarter, up by 8 percent in constant currencies. The increase was entirely driven by international markets. Sales in North America were nearly flat, up 0.3 percent to $829.8 ...
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Asics Europe launches a transformation plan
After a slump in sales for the first half of this year, Asics Europe said it has embarked on a “transformation plan” to support its growth around Europe, the Middle East and Africa (EMEA) by 2020, with the expansion of its regional retail network from 26 to more than 100 ...
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Asics reports mixed sales globally
Asics Corporation saw its sales dip by 3.3 percent to ¥203,735 million (€1,583.6m-$1,858.5m) for the first half of this year, off by 2.4 percent in constant currencies, as declines in Europe, the Americas and Japan could not be compensated by increases in other Asian countries.The six-month period was marked by retail ...
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Wolverine sells Sebago to BasicNet
BasicNet, the Italian-based licensing company that owns Briko, Kappa, Robe di Kappa, K-Way, Superga and other brands, has agreed to acquire the intellectual property rights and other assets of Sebago from Wolverine Worldwide.The asset deal has been valued at €14.2 million, excluding acquisition costs. To help finance it, BasicNet has ...
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Wolverine beats forecasts, raises outlook
Wolverine Worldwide has reported net income of $20.7 million for the 13 weeks to July 1 as compared to $24.0 million in the 12 weeks ended on June 16 last year. The extra week, added through a change in the financial calendar, helped the group to improve total revenues by ...
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BasicNet grows nicely, except in Italy
The parent company of Briko, Kappa, Robe di Kappa, K-Way, Superga and other brands has reported an increase of 3.5 percent in total wholesale-equivalent sales to €372.9 million for the first six months of this year, driven by a 6.2 percent increase to €207.4 million in its foreign licensees' sales. ...
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Callaway raises sales, buys Travis Mathew
Callaway Golf Company is on an expansion drive, with an agreement to buy Travis Mathew and sizeable gains in sales and operating profit for the second quarter, which encouraged the company to raise its sales guidance. Earlier this year the group bought Ogio International, a brand of golf bags and ...
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Walmart heirs buy Rapha
After much speculation Rapha said that RZC Investment, a private equity firm established by two heirs of the Walmart retail empire, had acquired a majority stake in the British cycling apparel brand. It had been owned since its inception by its founder, Simon Mottram, and a group of shareholders led ...
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Dorel Sports earns more despite sharply lower sales
Dorel Sports recorded a sharp decline in revenues for the second quarter, with sales tumbling by 11.6 percent from the year-ago quarter, down to $209.1 million. However, the bicycle group managed to improve earnings thanks to the implementation of cost-cutting measures.Organic revenues fell by 13.4 percent when removing currency fluctuations ...
