Latest Headlines – Page 207
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Canada Goose goes through the roof
Investors rushed to buy shares in the Canadian company, although some observers have expressed doubts about its ability to internationalize its business and to diversify its product range in the longer term. First offered at a price of 17 Canadian dollars on March 16 on the stock exchanges of Toronto ...
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Lululemon raises questions among investors
Lululemon Athletica's net earnings for the quarter ended Jan. 29, 2017 went up by 15.9 percent to $136.1 million, but they fell below analysts' expectations, weighed down by currency effects due to a stronger-than-expected Canadian dollar. In the biggest one-day drop in eight years, the Canadian company's shares tumbled by ...
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Puma gets the Marseille football deal
Puma has confirmed that it signed a five-year endorsement deal with Olympique de Marseille (OM), one of the most popular French football clubs, starting from the beginning of July 2018 and putting an end to the club's long partnership with Adidas. L'Equipe reported that the German company would be paying ...
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Global team built up for Beachbody
Distributors have been appointed to start selling Beachbody apparel and footwear in the U.K. and German-speaking countries from the FW17 season, as part of the global roll-out orchestrated by Global Brand Partners (GBP).As previously reported, GBP obtained a global apparel and footwear license for Beachbody, which boasts sales of about ...
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Golf club sales boost Acushnet’s results
Strong sales of Titlest golf clubs boosted Acushnet's revenues for the fourth quarter of 2016, despite the negative impact of the bankruptcy and liquidation of Golfsmith and other less specialized sporting goods retailers in the U.S. The company's club sales increased by 3.0 percent over the year-ago quarter to $329.8 ...
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Yue Yuen's net jumps by 37%
Yue Yuen Industrial posted strong results for 2016, with profit attributable to owners of the company increasing by 37.0 percent to $534.6 million. Adjusted to eliminate non-recurring items, net earnings went up by 29.5 percent to $525.1 million for the year.The group said it has been putting more strategic emphasis ...
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Li Ning builds a more profitable retail business
The many reforms implemented by Li Ning Company in the recent years are apparently starting to pay off, as the company is reporting an increase in comparable store sales and improved sell-out of new products last year.Li Ning raised its turnover by 13.1 percent to 8,015.3 million yuan renminbi (€1,082.3m-$1,163.2m) last ...
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361 Degrees culls stores, raises sales
Nearly 12 percent of 361 Degrees stores in China were shuttered last year, yet the group managed to raise its sales by 12.6 percent to 5,022.7 million yuan renminbi (€677.5m-$729.0m).The Chinese group's gross profit margin was up by 1.1 percentage point to 42.0 percent for the year, but the company ...
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Xtep restructures to upgrade its offering and retail business
Xtep saw relatively sluggish sales growth last year as it restructured its business to focus more strongly on functional products and profitable distribution, but the benefits already transpired in the gross margin and profit before one-off items.The Chinese group's sales were up by 1.9 percent to 5,396.6 million yuan renminbi (€728.3m-$783.3m) ...
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China Dongxiang expands with Kappa Kids
China Dongxiang, the Chinese company that owns the rights to the Kappa brand in China, Macau and Japan, raised its sales by 2.2 percent to 1,501 million yuan renminbi (€200.8m-$218.0m) last year, pushed up by the takeover of the Kappa Kids operations in China.China Dongxiang had 1,563 Kappa stores at the ...
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Pittards posts lower revenues and a loss, but margins improve
Pittards posted revenues of £27 million (€31.5m-$33.6m) for the year to Dec. 31, 2016, down from £30.5 million (€35.6m-$38.0m) in the previous year. The British maker of gloving, footwear and fashion leather also registered a loss before tax of £4.1 million (€4.8m-$5.1m) for the full year, as compared to a pre-tax profit ...
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JD Sprinter agrees to an Iberian tie-up with Sport Zone
JD Sprinter, the Spanish retail group owned at a majority by JD Sports Fashion, has agreed in principle to a potential tie-up with Sport Zone, the Portuguese sports retailer owned by the Sonae Group. It would combine Sport Zone with JD Sprinter to form the Iberian Sports Retail Group, with ...
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Bullish new CEO upgrades Adidas targets
About two years after the launch of Creating the New, the Adidas Group has raised targets for its five-year expansion plan, to reach sales of between €25 billion and €27 billion by 2020, with an operating margin of 11 percent for the Adidas and Reebok brands.The upgraded targets were outlined ...
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Adidas gathers growing sales and profit
Ending the year with another buoyant quarter, the Adidas Group has continued its growth spurt with a sales rise of 14.0 percent to €19,291 billion, up by 18 percent in constant currencies, and with improved profit margins.Kasper Rorsted, the group's new chief executive, attributed much of the performance to Creating ...
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Zalando buys a basketball-oriented store chain
Zalando has announced the acquisition of Kickz, a German chain of streetwear and sneaker shops, for an undisclosed amount. The big European e-tailer said the acquisition is to further strengthen its position in the sports and lifestyle segment, especially in the basketball category. It will also allow Zalando to address ...
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Zalando reaches an Ebit margin of 5.9%
Zalando has reported an increase in net income of 121.5 percent to €60.0 million for the past year. Operating earnings (Ebit) grew by 131 percent to €207 million. Excluding extraordinary items, they rose by 101 percent to €216.3 million, resulting in an adjusted Ebit margin of 5.9 percent for the ...
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Foot Locker scores well, except in Germany
Comparable store sales rose by a low single-digit rate at Foot Locker Europe in the fourth quarter ended Jan. 28, in spite of challenging customer traffic in many parts of the continent. These conditions were particularly serious at the Runners Point and Sidestep stores in Germany, which continued to suffer ...
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Decathlon expands in Mexico and Africa
After its move into Mexico last year, Decathlon intends to more than double its number of stores in the country this year, expanding the network from three to seven stores. Decathlon's three Mexican stores are in Querétaro, Mexico City and in Arco Norte, north of the capital.El Financiero, which discussed ...
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Hummel searches for a new CEO
Hummel International is searching for a new chief executive as well as a sales director after the abrupt dismissal last month of Søren Schriver, who led the Danish brand for more than two decades. Schriver was dismissed amid allegations of fraud, which he denied.Christian Stadil, whose family controls Hummel through ...
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Anta reinforces its sales and multi-brand strategy
Anta Sports Products reinforced its status as the leading Chinese sports company last year, with a sales increase of 20.0 percent to 13,345.8 million yuan renminbi (€1,806.4m-$1,932.2m). The Anta brand's positioning as an affordable and increasingly functional Chinese brand has enabled it to more than quadruple in size in the ...
