Latest Headlines – Page 220
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Puma’s victory lap
Usain Bolt may be the fastest man on earth, but on their own ground, the marketing and social media folks at Puma can sprint just as fast. After Bolt crossed the finish line to win Olympic gold in Rio last Monday, running the 100 meters in 9.81 seconds, he took off ...
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Asics Europe’s growth softens
Asics' sales in Europe, the Middle East and Africa (EMEA) rose by 6 percent to €445 million in the first half of 2016, driven by Asics Tiger, the brand's lifestyle sneakers, and an 8.6 percent increase in running shoes. Helping to double its turnover in five years, Asics Europe had ...
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Asics’ Q2 sales and profits slip
Asics Corp.'s consolidated net sales declined by 5.0 percent to 210.68 billion yen (€1.86bn-$2.10bn) in the second quarter, hit by weak demand in Japan and the effects of the strong yen on international sales.As a result, operating earnings fell by 8.8 percent to ¥19.4 billion (€171.7m-$193.5m) and net income slid by ...
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Mizuno performs well in Europe
Mizuno saw revenues inch up by 0.8 percent to 48.4 billion yen (€428.6m-$483.1m) for the quarter ended June 30, hampered by the effect of relatively weak European and Asian currencies. On a currency-neutral basis, sales in Europe, the Middle East and Africa (EMEA) improved by 15.4 percent over the year-ago quarter, ...
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New Balance takes more control in Europe
Like many of its competitors, New Balance is striding ahead with its new policy of taking greater control of the distribution at the wholesale and retail level in Europe. After taking over the distribution in Italy last year, the American brand has announced its acquisition of Alfico, which has been ...
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Brooks takes over in Spain, too.
Brooks Running has set up a new Spanish subsidiary in the Barcelona Moda Centre, after working for several years with a sales agency, Sigma Sport. The new Spanish operation, which also covers Portugal, will be run by Dan Rickfelder, who has been with Brooks for almost two decades. He was ...
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On launches apparel
On, the fast-growing Swiss-based brand of running shoes, has launched its first line of functional running clothing. Consisting of only eight “essential” items for men and six for women, it is being made available to customers this month in distinct brand areas at only 80 selected, top-end generalist sports retailers ...
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Newline buys Carite
Newline, the Danish running apparel specialist, has taken over Carite Sport, another Danish firm that specializes in fitness clothing. Synergies are expected between the two operations in the production of their apparel in the Far East, as they use similar materials, as well as in product development and the distribution.Jesper ...
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361 Degrees is set to open a European office
361 Degrees, the Chinese sports apparel and footwear brand, is preparing to open a European head office near Amsterdam at the start of September to handle sales and marketing of its international range in Europe, starting with a focus on the running footwear market.The move comes after the Chinese company ...
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361 Degrees invests in footwear and international
361 Degrees has continued to upgrade its business this year, with wide-ranging investments in development and international expansion. The demand remains on the rise, with a high single-digit increase in orders at the trade fair held in June.In the first half of this year, the Chinese group's turnover increased by ...
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Li Ning recovers from last year’s losses
The Li Ning group saw revenues for the six months ended June 30 gain 13.0 percent on the corresponding period last year, reaching 3,596 million yuan renmimbi (€481.0m-$542.2m). It reported a first half profit of RMB113.4 million (€151.7m-$17.1m), significantly better than the RMB29.4 million losses of a year earlier.The improvements ...
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Leadership changes at Timberland, Smartwool and Vans
VF Corp. has announced several executive changes at some of its outdoor brands. At Timberland, Jim Pisani has been named the brand's new global president, effective Aug. 8. He replaces Stewart Whitney, who left the company in July after less than two years on the job. Since 2008, Pisani has ...
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Power play between Nike and Hummel
Last May 26, the District Court of Hamburg issued a preliminary injunction against Nike, asking the brand to withdraw four styles of Flyknit shoes from the market because they carry a series of distinctive chevrons in the back of the ankle that look very similar to those of Hummel's so-called ...
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BasicNet invests strongly in marketing, posts lower earnings
BasicNet, the parent company of Kappa, K-Way, Superga and other brands, reported aggregate sales of €360.2 million for the first half ended June 30, down from €372.4 in the first half of last year. Aggregate licensees' sales in the period were affected by the general political instability, which negatively impacted ...
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Crocs sells more but fall short of guidance
Crocs posted revenues for the second quarter that came up short of its own guidance for sales in the range of $340 million to $350 million. They dipped by 6.3 percent over the year-ago quarter to $323.8 million, or by 6.2 percent on a constant-currency basis.The company blamed the challenging ...
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Another poor quarter for Black Diamond
Black Diamond saw profits and margins dive further in the second quarter, as the company faced foreign exchange challenges and higher manufacturing costs. The American maker of climbing gear and apparel posted revenues from continuing operations down by 3.0 percent over the year-ago quarter to $29.1 million. Excluding the impact ...
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Brunswick further expands its fitness portfolio
Brunswick Corp. has announced an agreement to acquire the Indoor Cycling Group (ICG), a German company that specializes in the design of indoor cycling equipment. The terms of the transaction were not disclosed. ICG has exclusive rights to the Wattrate Power Meter, a power meter for the fitness market, as ...
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Octane continues to power Nautilus
Nautilus' revenues soared by 32.0 percent to $78.5 million in the second quarter of the year, driven by its recent purchase of Octane Fitness, a complementary firm in the fitness equipment sector. The retail business was the shining star, with sales up by 19.0 percent organically and by 89.0 percent ...
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PSG blows a deadline
Performance Sports Group (PSG) said it has hired a law firm to vet its annual financial statements for the fiscal year ended May 31, a decision that caused the company to miss an Aug. 15 regulatory filing deadline, and put it in danger of defaulting on its loans. An industry ...
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Newell’s Jarden integration on track
During the second quarter, organic sales went up by 0.5 percent in the outdoor solutions segment of Newell Brands, most of which formerly belonged to Jarden Corp. Higher sales at Pure Fishing offset weather-related declines at winter sports brands such as K2, Völkl and Marker.Last year's acquisitions of Jostens by ...
