Latest Headlines – Page 217
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Garmin's fitness and outdoor segments post double-digit sales growth
Garmin posted revenues of $722.3 million for the third quarter ended Sept. 24, which represent a 6 percent growth versus the previous year's third quarter. Growth was driven by fitness, outdoor, marine and aviation, which collectively grew by a combined 24 percent, and contributed 70 percent of total revenues. The ...
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TomTom lowers guidance after poor PND sales
TomTom lowered its full-year sales target to €980 million from €1,050 million, after preliminary figures showed sales of its personal navigation devices (PNDs) dropped more than expected in the quarter ended September 30, 2016. Noting that the European PND market is experiencing a faster rate of decline in terms of units ...
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Reshuffle of cycling fair dates
The calendar of bicycle trade events is getting reshuffled as both Eurobike and the Taipei Cycle Show have announced new dates for 2018, seven weeks earlier for Eurobike and five months earlier for the Taiwanese fair.Next year's Eurobike will open on Wednesday, August 30, along the same lines as in ...
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Adidas unveils Speedfactory shoe
Adidas unveiled the first shoe made at its fully automated German factory last month. The Futurecraft MFG (Made For Germany) that came out of the Adidas group's Speedfactory in Ansbach is one of the most tangible results of the latest innovation in footwear manufacturing, moving toward increasingly customized production that ...
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Newell would like to sell K2 and Völkl
Newell Brands announced on Oct. 4 that is putting up for sale the winter sporting goods business that it inherited earlier this year from Jarden Corp. through the latter's merger with Newell Rubbermaid. The company subsequently stated, however, that it intends to keep K2 and Völkl Marker Dalbello if it ...
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Rendle to take over as VF's chief executive
Steve Rendle, the current 57-year-old chief operating officer at VF Corporation, has been appointed to become the group's new chief executive from the start of next year. He will take over from Eric Wiseman, 60, who has held the job for nine years and will continue to serve as executive ...
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Pentland Brands adds strategic and division heads
Pentland Brands has expanded its management team with two divisional heads and one strategic director, in order to more efficiently coordinate the growing brand portfolio and fill gaps in interesting categories.Chirag Patel, former global vice president of product and marketing at Lacoste Chaussures, has been appointed director of global strategy, ...
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New boss for Black Diamond
John C. Walbrecht has left as brand president of Mountain Hardwear, the struggling subsidiary of Columbia Sportswear, to become president of Black Diamond, a subsidiary of Black Diamond Equipment. He will assume the new function on Oct. 3, taking the place of Mark Ritchie.Bryan Timm, president of Columbia Sportswear, will ...
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Vista Outdoor buys Camp Chef
Vista Outdoor, the U.S. company that has been expanding through the acquisition of Camelbak and other brands, has agreed to pay $74 million to further widen its offering with the purchase of Camp Chef, an American supplier of outdoor cooking gear.The purchase price being paid for the privately-owned company is ...
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Decathlon announces Innovation Awards
Quechua, Nabaiji and Kalenji are the three “passion brands” that have been honored with this year's Innovation Awards Decathlon (IAD). The eight Decathlon brands that had been selected to present their innovative products included Artengo, B'Twin, Domyos, Fouganza, Kalenji, Nabaiji, Quechua and Wed'ze. The award ceremony was followed online by ...
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Futuristic products and manufacturing in focus at WFSGI forum
Advances in the production of sports-related gear appear to have suddenly accelerated in the last two years. But the Manufacturers' Forum organized for the fourth time by the World Federation of the Sporting Goods Industry (WFSGI) next month will be discussing even more advanced concepts, involving large amounts of data ...
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Vibram progresses on several fronts
Intellectual property protection is one of those fronts. Working together with Mark Monitor, the Italian company says it has led to the shutdown of 198 websites that were selling counterfeit models of its Vibram FiveFingers shoes or shoes with fake Vibram soles. Action is pending against more than 150 other ...
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Timberland issues an update on its CSR efforts
Timberland recently released an update about its corporate social responsibility (CSR) actions. In the second quarter of this year, 95.5 percent of the leather used by the brand was produced by tanneries with a silver or gold rating. In the same period, 44 percent of the cotton used in its ...
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Little growth for outdoor shoes in 2015
The major outdoor brands saw their sales of footwear grow by only 1.2 percent in terms of U.S.dollars in 2015, coming just under €5 billion for the year. They would have risen by more than 10 percent, especially outside the U.S., if currency exchange rates had remained constant.Our annual study ...
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Sportisimo targets regional markets with new investors
Sportisimo, the leading Czech sports retailer, wants to turn into a bigger regional player following the sale this summer of half of its shares to Slovak and Czech investors. Sportisimo, which has been operating in Slovakia as well, moved into Poland and Romania last year, and the change in ownership ...
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SDI warns on profits, Ashley becomes CEO
Mike Ashley has tightened his grip on the management of Sports Direct International (SDI), the embattled British sports retailer, by taking over as chief executive after the resignation of Dave Forsey on Sept. 22.Forsey's departure came after several months of intense pressure on SDI, which continued last week after another ...
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Nike invests in marketing and the supply chain
The Nike group managed to raise its sales in constant currencies in all regions for the quarter until the end of August, including a return to growth for the Nike brand in North America. Yet some investors remained concerned about the relative low level of orders in North America, which ...
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The European sporting goods market grew by 3.8% in 2015
The Western European sporting goods market grew by 3.8 percent in constant currencies in 2015, according to our annual analysis of retail sales in 15 countries. It was the same growth rate that had been registered in 2014, despite the absence of major sports events. In terms of euros, retail ...
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Some big retailers outperform the market
Except for Sports Direct International (SDI), which performed badly in Austria, international-oriented sports retailers performed relatively well overall, due in part to the opening of new stores. As previously reported, Intersport International, whose core business is in Europe, grew by 5.1 percent to €11.03 billion after VAT in 2015. Sport ...
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New Intersport licensee in ex-Yugoslavia
Intersport ISI, the Slovenian-based master franchisee for Intersport in eight countries across the western Balkans, is to be acquired by a fund that belongs to Enterprise Investors, a Polish investment group that is among the largest in Central and Eastern Europe.A purchase agreement to this effect has been sealed with ...
