Latest Headlines – Page 245
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Puma sells and spends more
Puma has reported better-than-expected sales results for the second quarter, accelerating in footwear on the strength of new and innovative products, particularly under its Ignite platform. However, currency effects and higher investments in marketing and new stores caused the Wild Cat to book lower operating results and a net loss ...
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Under Armour’s international sales have almost doubled
Under Armour (UA) reported a 29 percent overall sales increase for the second quarter of 2015 compared with the same period last year, with revenues reaching $784 million. It was the twenty-first consecutive quarter of revenue growth exceeding 20 percent. International revenues, which represented 11 percent of total revenues for ...
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UA enhances its presence in Germany and Austria
Under Armour has announced a new multi-year partnership with FC St. Pauli, a German football club based in the St. Pauli quarter of Hamburg. Starting in July 2016, the American brand will provide the club's senior team and youth academy teams with game-day and training kits, designed and manufactured by ...
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Michelin partners with UA and Salewa
Michelin, the French rubber tyre company that is well known for its innovative solutions, has unveiled a collaboration with Under Armour. It has developed performance soles for new models of trail running and fast hiking shoes that UA plans to bring to the market in 2016At the OutDoor show in ...
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Descente gets control of Inov-8
In pursuit of its new, previously announced globalization strategy, the Japanese company announced the acquisition of an 80 percent stake in the U.K.-based Inov-8 group, for an undisclosed amount. Descente has already been the distributor of the fast-growing brand of off-road running shoes and accessories in Japan, Korea, Hong Kong ...
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Asics grows by 13.4% globally
Asics Corp.'s consolidated net sales grew by 13.4 percent on an adjusted basis to 221.6 billion yen (€1.6bn-$1.8bn) in the company's new second fiscal quarter ended June 30, delivering a 4.8 percent increase in net income to ¥14.53 billion (€106.7m-$117.0m). The gross margin slipped by 0.7 percentage points to 43.7 ...
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Asics EMEA grows by 12%, driven by lifestyle
Sales increased by 12 percent on a currency-neutral basis in the first half of 2015 for Asics in Europe, the Middle East and Africa (EMEA), driven by tennis shoes, women's running products and the new Asics Tiger range of lifestyle sneakers.Asics Europe says the first half showed strong growth in ...
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Asics moves into a new recruitment phase
Instead of recruiting mostly local sales and marketing personnel, Asics Corp. is beginning to look for talented and experienced management leaders from around the world who can take on global responsibilities in order to accelerate its growth. It's a business model that has already been successfully implemented by the likes ...
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Currencies depress Mizuno’s results, except in Europe
Europe was the only region where Mizuno achieved an improvement in operating earnings during the first quarter of its financial year, ended June 30. They made a big jump to 253 million yen (€1.9m-$2.0m) from ¥23 million in the same period a year ago on 4.4 percent higher sales of ...
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Good numbers for Basicnet
Basicnet's stockmarket value was 83 percent higher than at the beginning of this year after the parent company of Kappa, Robe di Kappa, K-Way and Superga reported a 51.1 percent increase in net profit to €9,090,000 for the first six months on 7.0 percent higher consolidated revenues of €63.9 million. ...
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Elan has been sold
Bringing an end to a lengthy privatization process, Wiltan Enterprises, a Cyprus-based company owned by VR Capital Partners, described by the Slovenian Times as a venture capital fund owned by Russian interests, has signed a share transfer agreement for the acquisition of a 95.1 percent stake in Elan, the big ...
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Vista pays a high multiple for Camelbak
Moving very quickly with its intended strategy to expand in the outdoor and recreation sector, Vista Outdoor announced the takeover of Jimmy Styks, a small marketer of stand-up paddle (SUP) boards and related accessories, and - just a few days later - of Camelbak Products, the leading supplier of hydration ...
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Amer posts higher sales and margins
Amer Sports reported sales of €461.1 million for the second quarter, representing increases of 23 percent in euros and 9 percent increase in local currencies. The currency-neutral sales increase was driven by double-digit growth in outdoor. Europe was the weakest region. Excluding the acquisition of Louisville Slugger, an American baseball brand ...
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Sales and profits drop in Jarden’s outdoor segment
For the second quarter ended June 30, Jarden Corp. reported sales of $2.01 billion, up from $1.98 billion for the same period in 2014. Organically, sales grew by 7.0 percent or $138 million. The company said its results were in line with its expectations.Jarden's Outdoor Solutions segment, however, saw sales ...
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Columbia posts record sales and raises full-year outlook
Columbia Sportswear reported a sales increase of 17 percent to $380.2 million in the second quarter. On an organic basis, excluding the acquisition of Prana and foreign currency impacts, the turnover went up by 11 percent in the quarter, which is the company's smallest one in terms of revenues, historically ...
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VF posts higher revenues in Outdoor & Action Sports
VF Corp. saw consolidated revenues increase by 4.7 percent in the second quarter, or by 10 percent on a currency-neutral basis, reaching €2,513.9 million. The growth was especially driven by its Outdoor & Action Sports coalition, whose sales jumped by 16 percent on a currency-neutral basis, with double-digit increases for ...
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Targeting outdoor athletics, TNF regionalizes EMEA
The North Face turned up at the OutDoor fair with an adjusted range, launching the Mountain Athletics line into European wholesale accounts and displaying a much narrower and upgraded Summit Series.Already on the market in North America, the Mountain Athletics range provides apparel and footwear for people who train for ...
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Lafuma‘s sales decline, but net results improve
The Lafuma Group registered a 6.3 percent sales decline in the first half of 2015, down to €80.1 million. The company booked an operating loss of €293,000 for the period against a profit of €1,306,000 in the first six months of 2014, attributing it to the lower turnover, investments in ...
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Accell Group scores double-digit growth in both sales and net profit
Accell Group reported sales of €573.8 million in the first half of the year, up by 13 percent over the same period in 2014. Growth was largely driven by higher sales of electric bicycles, which now represent 34 percent of its turnover, and sports bicycles in the higher segment of ...
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Dorel Sports’ operating profit falls on lower sales
Dorel Industries' sports segment saw revenues decrease by 12.3 percent to $251.1 million in the second quarter. Organic sales declined by around 5 percent. Adjusted operating profit for the segment, excluding restructuring and other costs, dropped by 42.1 percent to $10.7 million. The stronger U.S. dollar against most of the ...
