Latest Headlines – Page 219
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Globe posts higher sales and profits
In contrast with other major players in the tough action sports market, Globe International posted a 27.5 percent increase in consolidated net earnings to 4.74 million Australian dollars (€3.20m-$3.61m) on 9.6 percent higher revenues of A$150.3 million (€101.5m-$114.3m) for the financial year through June 30. Trading under the Globe, Stussy and ...
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Peak Performance grows, driven by retail
Peak Performance saw a further deterioration in operating results for the three months of the fourth quarter to June 30, despite growing revenues, while the brand continued to invest in new stores and completed the clean-up of the wholesale channel and reducing discounts to a maximum of 40 percent. It ...
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Strong progress at Craft’s parent company
Reaching a new record for the quarter, the New Wave Group raised its total revenues by 6 percent to 1,257 million Swedish kronor (€132.5m-$148.2m) for the second quarter ended June 30, with growth of 8 percent in local currencies.It was a particularly strong performance in view of the fact ...
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Lululemon grows less than expected
Lululemon Athletica posted another quarter of strong growth driven by international expansion, although the results fell short of analysts' estimates. Total revenues rose by 13.6 percent to $514.5 million during the three months to July 31, 2016, or by 14.7 percent in constant currencies.Same-store sales went up by 4 percent in ...
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Amer Sports raises organic sales targets
Amer Sports has raised its target for organic growth, aiming to reach sales of €3.5 billion without acquisitions in 2020, with at least mid-single digit annual organic sales growth in constant currencies. The target issued last year called for the same level of sales to be achieved through a combination ...
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Titleist clubs drive Acushnet’s revenues
Acushnet, the company behind Titleist, Footjoy, Pinnacle and other assets in the golf market, posted revenues for the first six months of 2016 that were up by 4.6 percent to $903.0 million, or by 5.6 percent in constant currencies. In an updated regulatory filing to support its public offering, the ...
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The U.S. saves Fila
Fila Korea reported consolidated net income of 16.0 billion Korean won (€12.9m-$14.5m) for the second quarter, compared with a loss of KRW 31.7 billion in the year-ago period. Operating earnings declined by 1.6 percent to KRW 24.8 million (€19,994-$22,524), but total revenues rose by 4.2 percent to KRW 209.3 billion ...
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Fila helps Anta to raise sales and margins
Anta Sports Products, the leading Chinese sports brand, posted strong results for the first six months of 2016, with revenues jumping by 20.2 percent ahead of the year-ago period to 6,140 million yuan renmimbi (€815.2m-$921.4m). The company, whose holdings include the rights to the Fila brand in China, Hong Kong ...
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Xtep invests in performance and technology
Measures by Xtep to increase its focus on performance sports products have scaled down the Chinese brand's sportswear business but raised its footwear sales and margins in the first half of this year.The shift was paired with increased investments in running products and marketing. Xtep sponsored 12 major marathons in ...
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New management structure at Vista
Vista Outdoor has announced a new segmentation of its recently enlarged brand portfolio, appointing new managers to run its different operations. Kelly Grindle, who remains as president of Outdoor Products, will oversee three new market areas: Outdoor Recreation, Sport Protection and Hunting & Shooting Accessories.Outdoor Recreation will comprise Camelbak ...
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New CEO for 8848 Altitude
After leaving Craft last spring, Jonas Peterson will now step in as chief executive of another Swedish, company, 8848 Altitude. Peterson has been CEO of both Cross Sportswear and Craft where he received international experience that this supplier of ski, outdoor and bike clothing was looking for.Peterson's task, in ...
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Fitbit opens European office in Dublin
Fitbit is opening an office in Dublin that will serve as its beachhead for its expansion throughout the Europe, Middle East and Africa (EMEA) region. It will be run by Des Power, a former top manager of Philips and Harman International, who will oversee a staff of around 50 people ...
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Nike works with Apple again
Apple, which is busy launching new products, introduced a new Apple Watch Nike+ on Sept. 9, featuring a brighter screen than its previous version, a more comfortable strap and a number of new functionalities. Integrating the Nike+ Run Club app, the new device combines the Series 3 Apple Watch with ...
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Recco is now being used year-round
Recco has hired Marcus Löwgren to act as global sales manager, based in Stockholm. One of his tasks will be to move the avalanche system provider to a year-round outdoor application, assisting people even when there is no snow.Löwgren comes from IBM. He previously co-founded a talent match-making services ...
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Sports shoes rose faster than apparel in 2015, globally and in Europe
Fuelled by the growing popularity of sneakers used as casual footwear, the major sports brands performed much better in the footwear segment than in the bigger and more fragmented sports apparel market in 2015, according to an annual survey conducted by Sporting Goods Intelligence. The same happened in the previous ...
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Decathlon invests in Asia and online retailing
Decathlon is continuing to expand its online and international business, with a strategy that makes use of diverse retail options to move into new emerging markets and to expand its reach in established markets such as the U.K. and Norway. Among the latest moves, Decathlon told reporters after the formal opening ...
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Stadium sells its Danish stores to Sport24
Stadium, the Swedish sports retailer, is offloading its eight remaining Danish stores to Sport24, a Danish retailer that already announced earlier this year its planned acquisition of Sportigan, a buying group for smaller Danish sports retailers.The buyer says it intends to take over the Stadium stores in October, assuming approval ...
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SDI workers to get compensation
Sports Direct International (SDI) has agreed to pay about £1 million (€1.16m-$) in compensation to thousands of workers at its British warehouse, after the retailer admitted that they were at some point paid less than the minimum wage due to security delays, according to Unite, the trade union that has ...
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Hainer delivers a “fantastic” last quarter at Adidas
Herbert Hainer, departing chief executive of the Adidas Group, said that he “saved the best for last” as he outlined the company's outstanding performance for the second quarter. As previously announced, ample gains in sales and profits for the three months led to another upgrade in the group's forecast for ...
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Nike exits golf equipment, while TaylorMade improves
Nike caused a stir in the golf business two weeks ago, when it announced that it would be exiting the golf equipment business, from clubs to balls and bags. Nike said that it would focus instead on golf footwear and apparel, continuing to work with prominent golfers.Trevor Edwards, president for ...
