Latest Headlines – Page 257
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Moncler posts double-digit sales and earnings growth
The Italian luxury down jacket maker said revenues in 2014 increased by 20 percent, or 21 percent at constant currencies, to €694.2 million. Growth was driven by the retail channel, which showed a 31 percent increase at constant currencies. The brand has invested to expand its retail network since its ...
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Crocs is looking at a another transition year
Crocs booked a net loss of $4,926,000 against net income of $10,420,000 in the previous one. Sales were basically flat at $1,198.2 million. They were down everywhere except in Europe, where they grew by 13 percent to $147.6 million. The results were in line with expectations in view of unfavorable ...
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Nautilus is buoyed by new products
Nautilus, the U.S. fitness equipment company, wants to expand through a diversified product range and more international sales this year. This comes after robust increases in sales and profits last year, driven by the Bowflex Max Trainer and other product launches. As already indicated in preliminary results last month, Nautilus ...
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Brunswick invests in China
Brunswick Bowling has joined forces with World Bowling, the international bowling federation, and with the Chinese Bowling Association to launch the Chinese Bowling Foundation, which is meant to raise awareness of bowling in the country.The company reports that hundreds of bowling centers opened in Chinese cities two decades ago but ...
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Fresh impetus for EU action to support industry
The Federation of the European Sporting Goods Industry (Fesi) has received an emphatic commitment from the new European Commission appointed in November to support the sports sector, enabling it to push ahead with wide-ranging measures in favor of the European sports industry's growth.This drive is guided by the “non-paper towards ...
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World Sports Forum: China to continue as the world's factory
Rising labor costs in China are so far failing to erode the country's wide global leadership in apparel production but far-reaching economic and demographic trends could lead to more significant shifts in the coming years, according to several speakers at the packed World Sports Forum (WSF) in Munich last month.The ...
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Puma fixed the basics, predicts faster growth from H2
Puma said that it had managed to “fix the basics” and to set an adequate strategic direction for the brand and the company, as it outlined broadly flat sales and improved earnings in 2014, after much increased spending on marketing.Bjørn Gulden, the company's chief executive, stated in a conference call ...
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Adidas wants a new CEO within two years
Herbert Hainer, the Adidas Group's chief executive, confirmed in a letter to employees last week that a search has started to find a replacement for him, as the company is preparing to unveil a new five-year strategic plan towards the end of March.Igor Landau, chairman of the Adidas group's supervisory ...
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TaylorMade Golf completes the reshuffle of its executive team
TaylorMade Golf has announced the completion of the restructuring of its executive team with the arrival of three new members. The three new appointments, all former TaylorMade executives, comprise David Abeles, president of TaylorMade and Adams Golf; Jeff Barker, chief financial officer; and Bob Maggiore, chief marketing officer.Maggiore will be ...
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New Balance aims for the #3 spot in global football
New Balance is taking over the sponsorship of most of the soccer teams that had been previously signed up by Warrior Sports, its subsidiary specializing in hockey and lacrosse, starting with the new football season in the second part of the year. It is taking on board also several individual ...
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Under Armour bets on connected fitness
Under Armour is setting up the world's biggest online fitness tracking community by combining its operations in this field with two big connected fitness platforms acquired in the last few weeks, Copenhagen-based Endomondo and San Francisco-based MyFitnessPal. It has paid $85 million for Endomondo, an open international fitness tracking and ...
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UA breaks the $3 billion barrier
Under Armour's revenues increased by more than 30 percent in each quarter of 2014. They rose by 31 percent in the fourth quarter to $895 million, leading the company to book a 32.3 percent increase for the full financial year to $3,084 million.The management expects the growth to slow down ...
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Garmin's fitness segment is hot
Under Armour's investment in connected fitness makes sense if we look at what is happening to the companies that make the devices. Garmin's sales in the fitness segment jumped by 60 percent to $568.4 million last year, with an even faster growth rate of 70 percent in the fourth quarter.The ...
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Adidas launches sneaker-reservation app
The new Adidas Confirmed app allows shoppers to select a limited-edition sneaker and reserve it from their phone for pickup in their neighborhood. A geo-location-specific technology allows the app to tell the shopper if the shoe is in stock, making it possible for instant confirmation of product availability while reducing ...
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Strong progress for the Nordic sports retail leader
XXL ASA reported on Wednesday, Feb. 25, a 26 percent sales increase in the fourth quarter to 1,520 million Norwegian kroner (€176.7m-$200.7m), with increases of 7.9 percent in Norway and 29.3 percent in Sweden. The Norwegian sports retailer, whose new name stands for XXL All Sports United, reached quarterly revenues ...
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Germany outperformed the rest of Europe
The German sporting goods market improved last year by 1.5 percent to €7,308 million, according to VDS, the German shoe retailers' federation. Its estimate is only slightly more optimistic than that of GfK and NPD, which say it grew by only 0.9 percent.According to VDS' retail panel, sales of running ...
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New changes at the helm of Intersport International and Germany
It did not come as a surprise that Kim Roether, the new chairman of the executive board of the German Intersport, was recently elected as a member of the supervisory board of Intersport International Corporation, the controlling body of the global retail network chaired since last December by Jussi Mikkola ...
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Schnellbügel to step down from Sport 2000 International
Wolfgang Schnellbügel will step down as managing director of Sport 2000 International effective May 1. The German top executive will pursue new professional opportunities in his favorite country, France. He will be replaced by Harold Rubrech, 48, who was marketing director at Intersport Germany until last summer. He had worked ...
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Weaker growth and parliamentary committee calls to SDI
Sports Direct International (SDI), the leading British sports retailer and wholesaler, saw its sales increase by 2.6 percent to £771.0 million (€1,051.6m-$1,193.6) for the 13 weeks until 25 January, which included weak sales of winter sports products. This marks relatively slow growth compared with the sales rise of 6.5 percent ...
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Asics buoyed by growing international sales
Asics chalked up sales of 354,051 million yen for the fiscal year until the end of December, generating an operating income of ¥30,466 million (€225.5m-$256.1m) and net income of ¥22,285 million (€165.0m-$187.3m). The company did not provide direct comparisons with the previous year for the entire group, because it has ...
