Latest Headlines – Page 212
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Piq introduces artificial intelligence
Piq, a French technology start-up that has developed connected devices in partnership with Rossignol, Babolat, North Kiteboarding and Mobitee, has developed an artificial intelligence interface focusing on sports performance, which was presented at the Consumer Electronics Show in Las Vegas.Gaia, the group's artificial intelligence system, can break down and analyze ...
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Halfords posts better-than-expected sales
Halfords' retail sales on a same-store basis increased by 7.0 percent in the third quarter to Jan. 13 as compared to the third quarter a year ago. Halfords' shares jumped by more than 8 percent after the announcement, on Jan. 19. Total group sales increased by 11.4 percent. The company ...
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New Wave Sports becomes Craft of Scandinavia
New Wave Sports, a subsidiary of the big New Wave Group formed in 2008, has been renamed as Craft of Scandinavia, with an ambitious plan to raise its annual sales from around one billion Swedish kronor (€104.5m-$110.8m) to SEK 1.5 billion (€156.8m-$166.3m) by 2020, partly through a diversification into the ...
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Down prices are headed upward
The cost of down feathers is quickly rising because of the current bird flu epidemic and some exceptionally cold winters in big markets, according to an official of Allied Feathers & Down. This may affect animal welfare, he adds: As prices increase, unscrupulous suppliers will try to offer material from ...
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…and so are Asian paper prices
Paper is the major component in the packaging of products made in Asia, accounting for an estimated five percent of the ex-factory price. During the last few years, Asian recycled containerboard prices have been enjoying modest price fluctuations. Suddenly, last November, there was a significant spike in prices all across ...
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Nike reassures with improved quarter and structural measures
The Nike group has reassured investors with broad-based increases in sales and profits for the three months until the end of November, and with structural measures to respond more rapidly to consumer demand.The U.S. company has under-performed on the stock exchange this year, chiefly due to weaker growth in the ...
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Sports Direct wants to adjust European stores
Sports Direct International (SDI) has warned that its international retail business could continue to deliver a weak performance in the medium term, as the British sports retailer is suffering from unfavorable exchange rates and it has started to implement a “more tailored” approach to Europe.At the request of investors, and ...
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JD Sorts Fashion launches review of warehouse working conditions
JD Sports Fashion has requested an independent review of policies and their implementation at its distribution center in Rochdale, which has come under scrutiny after allegations in a British television program broadcast earlier this month. The investigation by Channel 4 News alleges that some workers at the warehouse in Kingsway ...
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Decathlon finalizes Skimium divestment
Decathlon has finalized the divestment of its 80 percent stake in Skimium, an online French ski rental platform operating with about 240 affiliated retailers in France and Andorra. The operation was fully taken over at an undisclosed price by three shareholders with equal stakes: Eric Laboureix and Dominique Chomarat, two ...
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Nike renews France and England football deals
In another instalment of the reset of large-scale football endorsement deals, Nike has extended and raised the value of its partnerships with both the French and English football associations. Nike didn't publicize the sums involved in either of the deals, but L'Equipe reported that the partnership with the French Football ...
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Jordan claims partial legal win in China
Michael Jordan has claimed partial victory in his long-running legal fight with Qiaodan Sports, which has been using the Chinese characters for his name as a trademark to sell basketball footwear in China. China's highest court has reportedly overturned earlier rulings against the retired U.S. basketball star for the use ...
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Batra gets the Hi-Tec shoe license for many European countries
Cherokee Global Brands (CGB), a U.S. company that agreed a few weeks ago to take over nearly all of the assets of Hi-Tec International and turn it into a licensing operation, says it has already sealed licensing agreements with Carolina Footwear for the U.S. and Canada, and the Batra Group ...
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Going back to its roots, Superga embraces sport
With sports-inspired lifestyle shoes and clothing enjoying a boom all over the world, the well-known Italian brand of sneakers is developing further its new Superga Sport line by investing in sponsorships with former tennis stars. After the rather successful launch of a new line of Superga shoes co-branded with Adriano ...
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Lotto and Stonefly draw closer together
Lotto Sport Italia and Stonefly will remain two distinct legal entities. Specializing in athletic footwear and casual comfort shoes, respectively, and they will keep their brand positioning distinct. They will also continue to be based at their present offices in Trevignano and San Gaetano di Montebelluna, which are not far ...
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LVMH invests in Pinarello
Pinarello Holding is planning to further develop its line of apparel and accessories and to continue its international expansion, opening single-brand stores around the world, following an investment in the Italian producer of high-end road bikes by the European and North American units of L Catterton. Fausto Pinarelli will continue ...
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Giant reshuffles leadership
Giant Manufacturing, the parent company for Giant Bicycles, is preparing for a generation change in its management, with the retirement of its founder and chairman, King Liu, as well as its chief executive, Tony Lo. They are both among the most prominent business personalities in the international cycling market, having ...
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Lululemon outperforms, but some analysts worry
Lululemon Athletica delivered better-than-expected results for the third quarter ended Oct. 30, 2016, with gains in profits, revenues and margins. It was the latest in a series of strong quarters, and the Canadian brand attributed this performance in part to its international expansion. Revenues increased by 13.0 percent for the ...
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Acushnet cuts losses by more than 50%
Acushnet, the company behind Titleist, Footjoy, Pinnacle and other golf brands that recently went public, reduced its net loss in the three months to Sept. 30 to $6.2 million, from $14 million a year ago. This was mainly due to higher income from operations as a result of higher gross ...
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Le Coq Sportif to break even next year
A business update provided by Airesis, the Swiss company that owns majority stakes in Le Coq Sportif and Movement, indicates that the company has contracted mandatory convertible loans worth about €9 million in the second half of the year to finance the expansion of Le Coq Sportif, as bank financing ...
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Wolverine sells Robeez, lays out the Way Forward
The management of Wolverine Worldwide had already hinted that it was considering the divestiture of some non-core assets, while promising shareholders that it was going to do its best to attain an operating margin of 12 percent by the end of 2018 through a variety of measures.After the discontinuation of ...
