Latest Headlines – Page 210
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Mizuno’s revenues hit by exchange rates
Unfavorable exchange rates and weak sales in the Americas region have led Mizuno to cut its outlook for its fiscal year ending next March 31. Impacted by the effect of weak currencies in Asia, Europe and the Americas, the company's revenues for the nine months ended Dec. 31 fell by ...
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BasicNet grows, in spite of complex political and economic climate
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has announced its preliminary results for 2016, ahead of the definitive results, which will be reviewed by the company's board on March 22. Amidst an uncertain international political and economic environment, the group posted aggregated sales growth, ...
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Columbia has little growth
The late start of the winter led to weaker than anticipated sales for Columbia Sportswear in the fourth quarter but sales were still up by 3 percent to $717.4 million, which was a rise of 2 percent in constant currencies. The U.S. outdoor group's turnover for the full year reached ...
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Bogner prepares for its digital transformation
Bogner has reported a decline of 6.5 percent to €200 million in total sales, including those of its licenses, for the business year ended last November. In the subsequent three months, sales went up by 5 percent in its physical retail stores and at a double-digit rate online.The German market ...
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Bogner gets a gold award for a n Indigo ski
Bogner was named as one of the winners of the Ispo Gold Award for 2017 for its B-Light VT skis, which has been developed by its German licensee, Indigo, using a new core construction with vertical titanal strings combined with its patented bamboo composite compound.The Bogner line of skis accounts ...
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Rottefella launches first textile collection at Ispo
Rottefella launched its first collection of ski and running apparel for men and women, called “Thermal Bodymapping,” at the Ispo Munich fair. It is a completely new product category for the Norwegian brand of cross-country ski bindings.The collection, which comprises baselayers, midlayers and outer layers, is made by Spectre, a ...
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Odlo shifts focus to sports market and key accounts
Odlo is returning to expansion this year after a strategic shift toward the sports market and direct partnerships with several large-scale sports and outdoor retailers.Christophe Bézu, the former Adidas and Esprit manager who became Odlo's chief executive in 2015, said that the Swiss-based base layer specialist saw its turnover shrink ...
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Fishing boosts Johnson Outdoors' sales
New products for fishing resulted in strong pre-season sales for Johnson Outdoors, boosting revenues for the first quarter of its new fiscal year, ended Dec. 31. The company, which owns a large portfolio of brands including Jetboil outdoor cooking systems and Scubapro diving equipment, saw its total sales gain 9.9 ...
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Newell Brands delivers strong quarter
Newell Brands' sales jumped by 165.0 percent for the fourth quarter of 2016 to $4,136 million, thanks to the recent acquisition of the Jarden Corporation's business. Core sales grew by 2.5 percent, driven by strong results from the Writing, Baby, Home Solutions and Outdoor Solutions businesses, offset by weak sales ...
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Big digital plans at Intersport
The retailers affiliated with Intersport raised their sales globally by only 2.1 percent in euros and by 3.2 percent in local currencies in the course of 2016 according to preliminary estimates, reaching a total level of €11.12 billion. With its cooperative structure, Intersport consolidated its position as the world's largest ...
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Online shopping in Europe grows further
Two-thirds of European internet users made at least one online purchase in 2016, according to a survey conducted by Eurostat. E-commerce is largely dominated by fashion while cross-border shopping is becoming more common. The proportion of shoppers who purchased from other EU countries increased to 32 percent, as compared to ...
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Questions arise about JD's labor practices
JD Sports Fashion has been facing more questions over its warehouse in the Kingsway business park in Rochdale, after The Guardian reported that 140 members of the staff were taken to hospital from the facility in four years. The report came after a Channel 4 News investigation containing allegations that ...
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SDI makes new investments
Despite mounting criticism of its corporate governance and other practices, Sports Direct International is going for further acquisitions. It emerged this week as the second-largest shareholder of French Connection, a loss-making British chain of fashion stores, with a stake of 11 percent.Furthermore, a report indicated that SDI was considering acting ...
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HBC Europe details plans for Sportarena
HBC Europe, the European arm of Hudson's Bay Company (HBC), is preparing to convert six Sportarena stores into Saks Off 5th by the end of 2018, while two others are to be integrated into Galeria Kaufhof department stores and four will close down, it was announced in an internal memo.The ...
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One Way Sport is coming out of insolvency
One Way Sport, the Finnish supplier of cross-country ski poles that has diversified wildly in recent years, expects to come out of insolvency proceedings in a few days' time. A bankruptcy court in Helsinki and its main creditor, a Finnish bank, approved a reorganization program at the end of November ...
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Performance Sports will finally be sold to Sagard and Fairfax
Performance Sports Group has announced it will seek approval from a U.S. bankruptcy court for the sale of its assets to Sagard Capital Partners and Fairfax Financial Holdings, after it failed to attract other bids in an auction process. On Oct. 31, 2016, Performance entered into an asset purchase agreement ...
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Under Armour is no longer a star
After losing 33.1 percent of its market capitalization in the course of 2016 (see our previous issue), Under Armour is having a difficult start to 2017, after releasing weak fourth-quarter results, cutting its revenue guidance for the year and announcing the departure of its chief financial officer. It blamed “numerous ...
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Fitbit cuts guidance, announces layoffs
Fitbit's share price dropped by 17.0 percent after the group announced plans to lay off around 110 employees, or 6 percent of its staff, and cut its guidance for its fourth-quarter results following weak holiday sales. The fitness tracking brand now expects revenues of $572 million to $580 million for ...
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GoPro’s sales rise by 24%, missing expectations
GoPro posted a 23.8 percent revenue increase on an annualized basis in the fourth quarter of 2016. Sales reached $540.6 million for the period, falling below the company's previous guidance, which called for fourth-quarter revenues in the range of $600 million to $650 million. GoPro noted that it was the ...
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Callaway posts better results
Callaway Golf Company's revenues for the fourth quarter of 2016 were significantly higher than those of the year-ago quarter, but still fell slightly below analysts' forecasts. The California-based maker of golf equipment and accessories posted a 7.0 percent sales increase to $163.7 million, while Wall Street had expected $170.8 million. ...
