Latest Headlines – Page 240
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Skechers’ expansion goes on
A sales jump of 52.9 percent in wholesale revenues outside the U.S. contributed to another record turnover for Skechers USA in the third quarter. The company chalked up sales of $856.2 million for the quarter, an increase of 27.0 percent. The international sales hike was achieved despite the impact of ...
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Basicnet reports continued progress
Further growth in the third quarter has led Basicnet to report a 14.1 percent increase to €405.6 million in aggregated sales, which include those of its licensees for Kappa, Robe di Kappa, K-Way, Superga and other brands. On a constant-currency basis, sales rose by 8.6 percent during the nine-month period.At ...
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Anta invests in Chinese football
Anta Sports, the leading Chinese sports brand, wants to turn global football into one of the most important categories for its development in the coming years. It has adopted a “Play is All” strategy that ranges from the development of adjusted products for China's young players to increased investments to ...
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Belle sees China's sports market improving
While noting a significant improvement in the overall sporting goods market in China since the beginning of 2014, thanks especially to higher levels of sports participation, Belle International has reported increases of nearly 4 percent in sales as well as operating and net earnings for the first half of this ...
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Callaway raises its guidance after a robust quarter
Callaway has raised its sales and earnings guidance for the full year after a robust third quarter. The Californian golf company suffered from weaker sales in several Asian and European markets but again claimed gains in market share.Callaway's sales increased by 4 percent to $175.8 million for the quarter, and ...
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Strong results for Shimano
In the first nine months of this year, Shimano experienced double-digit increases in sales and profits for its two main segments, due in part to the depreciation of the yen. The results were stronger than expected in the third quarter.For the nine-month period, sales of bicycle components went up by ...
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Rapala makes a pause in the quarter
Rapala VMC's sales increased by 3 percent to €218.6 million in the nine months ended Sept. 30, up by one percent in constant currencies, but they fell by 5 percent in the third quarter, both in euros and in local currencies, due primarily to timing issues in the U.S.Consequently, operating ...
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Garmin is hit by currencies
Fitness-related devices generated a sales increase of 23 percent to $143.2 million for Garmin in the third quarter, nearly making up for declines in other product categories, from outdoor to automotive and aviation, while marine sales were flat.The group's sales slipped by 4 percent to $679.7 million for the quarter. ...
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USB buys Nathan Sports
Nathan Sports, a brand specializing in athletic hydration and performance gear for runners, has been acquired at an undisclosed price by United Sports Brands (USB), the American group that resulted from the merger earlier this year of Shock Doctor Sports and McDavid. USB said its resources would support Nathan's expansion ...
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A new joint industry initiative on labor standards
A group of some of the world's biggest sports and outdoor brands, along with retailers, NGOs and industry groups, have launched the Social and Labor Convergence Project, a collaborative initiative aimed at developing a standardized methodology for social and labor performance assessment in the global apparel and footwear manufacturing sector.Among ...
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Nike sets a $50 billion sales target for 2020
The recent performance of the Swoosh, progress in digital manufacturing and retail technologies and the athleisure trend have led the Nike group's management to predict that it will be able to reach $50 billion in annual revenues in the financial year ending in May 2020, up 63 percent from $30.6 ...
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Nike and Adidas lead a manufacturing revolution
The two giants of the sporting goods industry indicated last week that they plan to introduce shortly new technologies that will enable consumers to get customized shoes, using sophisticated software, 3D printing and other new technologies that will revolutionize the traditional manufacturing process.At its meeting with investors last week, Nike ...
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Tecnica sells Dolomite to Scott
The Scott Sports group continues its external growth strategy with a preliminary agreement for the takeover of Dolomite, an iconic Italian brand of functional apparel and footwear whose origins go back to 1897. The Tecnica Group, which acquired the brand in 1998, will thus concentrate on its remaining assets in ...
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Black Diamond sells Poc to Investcorp
Investcorp Group, the big investment company from Bahrain, has reached an agreement with the Black Diamond group to take over Poc, the Swedish brand of snow sports and cycling gear, at a price of $65.0 million, subject to customary price adjustments. This is equivalent to nearly 1.9 times the turnover ...
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Quiksilver may be still in the market
There is no certainty that Oaktree Capital Management will become the controlling shareholder of Quiksilver, as previously reported, although the federal bankruptcy court of Wilmington, Delaware, accepted Oaktree's and Bank of America's offer to provide the struggling surf & skate group with a $175 million financing package. The court's approval ...
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Sport Zone moves into France
After its expansion into India earlier this year, Sport Zone, the leading Portuguese sports retailer, formally opened its first franchised store in France last month, spreading on about 1,000 square meters in a shopping center in Amiens.Sport Zone is part of the much larger Sonae Group, comprising interests from hypermarkets ...
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SDI agrees to buy second half of Heatons
Sports Direct International (SDI), the leading British sports retailer and wholesaler, has agreed to pay €47.5 million for the 50 percent it does not already own in Warrnambool, the holding company for the Heatons chain of variety stores in Ireland.SDI said the acquisition, putting the retailer's value at €95 million, ...
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SDI chief is charged with criminal offence, pleads not guilty
Dave Forsey, chief executive of Sports Direct International (SDI), the leading British sports retailer and wholesaler, has been charged with a criminal offence relating to the collapse of West Coast Capital, which ran the USC fashion apparel chain owned by SDI. He was charged over alleged failure to notify the ...
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Direct Golf owner in tussle with SDI
The fate of Direct Golf remained uncertain last week, after the owner of the second-largest British golf retailer reportedly became embroiled in a dispute with a minority shareholder, Sports Direct International (SDI), over control of the cash-strapped company. John Andrew reportedly filed earlier this month a notice of intention for ...
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Adidas doesn't join call for Blatter's resignation
Adidas has declined to support four other leading Fifa sponsors who called for Sepp Blatter's immediate resignation earlier this month, after Swiss prosecutors opened criminal proceedings against the football organization's president on allegations of criminal mismanagement and, alternatively, misappropriation. Blatter subsequently received a provisional suspension of 90 days from the ...
