Latest Headlines – Page 269
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VF Corp. teams up with the World Bank Group for Bangladesh
VF Corporation has announced a collaboration with the International Finance Corporation (IFC), a member of the World Bank Group, to provide up to $10 million to help VF suppliers in Bangladesh finance fire and building safety upgrades in their factories. VF said these funds are part of the company's overall $17 million commitment to the health ...
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Patagonia launches a new “Vote the Environment” campaign
Patagonia has launched a crowd-sourced campaign asking artists across the U.S. to create a collection of designs expressing why they believe the environment is the key issue in the upcoming mid-term election and inspire people to vote, especially young people. According to a study by Harvard University, only 23 percent ...
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Benko is the new full owner of Karstadt
René Benko, the Austrian real estate entrepreneur who acquired last September a 75.1 percent stake in the Karstadt Sports chain and the three premium department stores of the Karstadt group through a subsidiary of his investment company, Signa Holding, has now bought the remaining 25 percent stake. Signa has ...
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Adidas will spend more on marketing
Admitting that it had not reacted fast enough to the rising competition from its main rival, which “heavily attacked” it in Western Europe last year, Herbert Hainer, chief executive of the Adidas Group, announced a planned increase in its marketing budget to between 13 and 14 percent of sales in ...
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Brisk run for Asics in Europe
Asics is enjoying a brisk run in Europe, the Middle East and Africa (EMEA), where its sales increased by 16.0 percent for the first half of this year, driven by buoyant sales of both footwear and apparel in the running and tennis categories.Sales of running shoes jumped by 17.9 percent ...
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Mizuno makes big strides in Europe
Europe was the bright spot in the latest quarterly report by Mizuno Corp. Confirming their regained momentum, sales in the region grew by 37.2 percent to 3,617 million yen (€26.38m-$35.26m) in the first quarter ended June 30, with an increase of 22.0 percent in local currencies. The operating loss in the ...
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Altra widens European distribution
Altra, an American brand of running footwear with a shaped toe box and a flat cushioned sole, has made rapid headway in Europe by sealing another batch of distribution agreements in the last months. The expansion has been led by Frank Warnars, previously in charge of European sales at Saucony, ...
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Go Sport strikes a deal with Twinner
Groupe Go Sport has announced an agreement in principle to further develop its network of third-party stores in France, where it already has nine franchisees trading under the Go Sport banner. The agreement calls for closer cooperation with Twinner France, a cooperative of independent retailers, pending approval of the deal ...
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New manager for Décathlon in Sweden
Amir Golkar is taking over as country manager of Décathlon in Sweden. Golkar has been partly responsible for the establishment of the big international sports retail chain in Sweden since 2009, when he joined the company after working in international trade. At Décathlon, he worked as establishment director and then ...
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Good numbers for Sportamore
Since its establishment five years ago, the Swedish online sporting goods retailer Sportamore has been able to show strong growth, but little profits. For the second quarter of this year, it has reported an operating profit of 400,000 Swedish kronor (€43,685-$58,437), compared with an operating loss of SEK 7.1 million (€0.78m-$1.04m) ...
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Sony veteran becomes Black Diamond chief
Zeena Freeman, the new president appointed to replace Peter Metcalf as president of Black Diamond as of last week, is expected to implement a new omni-channel distribution strategy at Black Diamond, which may also involve the establishment of mono-brand stores. She will eventually also become chief executive of the company ...
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Ottervanger quits Etnies for Icebreaker
Peter Ottervanger, a Dutch expert in retailing, is leaving as vice president and general manager for Europe, the Middle East and Africa at Sole Technology, parent company of Etnies and other skate and snowboard brands, to take on a similar role at Icebreaker, the fast-growing brand of merino wool garments ...
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Aqua Sphere signs Michael Phelps
After partnering with Speedo for most of his swimming career, Michael Phelps has signed a long-term partnership with Aqua Sphere. The deal is reportedly expected to run through the 2020 Tokyo Olympics. Along with Phelps, Aqua Sphere has also signed Bob Bowman, Phelps' coach. Phelps is the most decorated Olympian ...
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Strong progress at Basicnet
The aggregate sales of the Italian group and its licensees went up by 5.6 percent to €221 million in the first half of this year, and they were up by 8 percent in constant currencies. Net earnings for the period jumped by 151 percent to €6,017,000.Basicnet owns numerous brands including ...
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Winter sports lift Head sales
An acquisition and an uptick in winter sports sales have enabled Head to improve its sales and to reduce its loss for the first half of this year. The Austrian company estimates that it will gain share in a declining winter sports market in the upcoming season.Head's sales increased by ...
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Johnson Outdoors’ sales rebound after two difficult quarters
Johnson Outdoors reported a 6 percent sales increase to $137.1 million in the third quarter ended June 27 as compared to the year-ago period. Sales growth was mostly driven by consistently strong demand for new products across its brand portfolio. Despite the growth in the quarter, year-to-date sales compare unfavorably ...
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Confluence in multiple takeover talks
Confluence Outdoor, an American group that owns eight paddle sports brands, is holding talks with about eight companies to wrap up at least one acquisition by the end of the year. We have learnt this about four months after the company was acquired by J.H. Whitney Capital Partners and added ...
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PSG’s hockey business accelerates
The recent acquisition of Combat Sports and the Easton baseball and softball business led Performance Sports Group to post a 30 percent sales increase to US$112.9 million for the fourth quarter ended May 31, with growth of 35 percent on a currency-neutral basis. The company, formerly called Bauer Performance Sports, ...
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Shimano’s sales and profits see double-digit rises
Shimano Europe has announced that it has renewed its Service Center concept, in close cooperation with its sales offices and distributors. The new concept is based on the three key pillars of service, availability and experience, says the company. It offers exclusive training sessions, workshops and presentations, including an e-learning ...
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Camelbak hires Edi Kaiser
Camelbak went through 80 different applications before choosing Edi Kaiser as its new European sales manager. A former sales & marketing director for Spyder Active Sports, he worked until the end of May as general manager for Germany and Austria at Skins, the Australian supplier of compression garments.Kaiser will take ...
