Latest Headlines – Page 271
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Lafuma's sales shrink as it targets more profits
The Lafuma Group suffered a sales decline of 11.2 percent to €85.5 million for the first half of this year, amounting to a decrease of 10.2 percent in constant currencies and based on comparable activities. This comes after the Calida Group from Switzerland, which became the majority shareholder in the ...
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Deckers grows by 24.3%
Deckers Outdoor Corporation, which recently changed its fiscal year-end to March, has raised its outlook for sales and earnings in the current financial year after reporting a 24.3 percent boost in total revenues to $211.5 million for its first quarter ended on June 30. All its main brands contributed to ...
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Shoes and international pull Under Armour
Largely exceeding expectations, Under Armour announced a 34.1 percent jump in its revenues to $609.7 million for the second quarter, leading the management to forecast an increase of between 28 and 29 percent for the full year to a range of $2.98 billion to $3.0 billion.Operating income is projected to ...
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Skechers surprises analysts
On average, financial analysts were anticipating a turnover of $508 million for the second quarter, but Skechers USA reported sales of $587.1 million for the period, up by 37.1 percent from the year-ago period. Net earnings beat their most optimistic projections by a long shot, recording a jump of 439 ...
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Crocs streamlines
Six months after receiving a $200 million investment from the Blackstone Group, Crocs announced a major strategic performance improvement plan revolving around four key initiatives:(1) streamlining the global product and marketing portfolio,(2) reducing direct investment in smaller geographic markets,(3) creating a more efficient organizational structure including reducing duplication and excess ...
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Europe is a bright spot in Crocs' revenues
Crocs saw its revenues increase by 3.6 percent to $376.9 million in the second quarter ended June 30, in line with the company's expectations. On a constant currency basis, they went up by 3.5 percent. For the three months, the company posted a net income of $19.5 million, down from ...
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Li Ning warns about wider losses
Li Ning, which has been implementing far-reaching reforms to deal with market pressure in China in the last two years, has warned that it stands to report a deeper-than-expected loss for the first six months of this year. Based on the unaudited results at the management's disposal, the loss attributable ...
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Timberland names Whitney as new brand president
Timberland has promoted Stewart Whitney, who is currently vice president and managing director for the Timberland and Napapijri brands in Asia, to brand president effective Oct. 5, 2014. Whitney will report to Patrik Frisk, who has held what is to become Whitney's new position since the brand's acquisition by VF ...
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Analysis: The global athletic shoe market 2013
The major athletic shoe brands scored a 4.6 percent increase in dollar terms in their invoiced sales in 2013, reaching a new high of $46.5 billion, according to an annual study by Sporting Goods Intelligence. (see page 3). The category thus outpaced the previously reported growth of 1.8 percent in ...
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Acquisitions and expansion inflate SDI sales
Several acquisitions, expansion into two more European countries and an open dispute with a heavyweight in the industry: all in the same fiscal year for Sports Direct International (SDI), the British and increasingly European sports retailer and supplier, which has again delivered sizable increases in both sales and profit for ...
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Adidas holds productive discussions with SDI
Adidas said it had reintroduced some unspecified products at Sports Direct stores, after “productive discussions” with the retailer. The two had been at loggerheads since Adidas decided earlier this year to no longer supply Sports Direct with upmarket replica shirts. David Forsey, chief executive of Sports Direct International (SDI), agreed ...
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Adidas accepts trading on marketplaces
This apparent turnabout comes just as the German Cartel Office has agreed to shelve its anti-trust challenge against Adidas after the company agreed to stop banning sales of its products on third-party internet marketplaces such as Amazon and eBay as well as local platforms such as Rakuten.de, Tatego.de, Hitmeister.de and ...
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Nike and Adidas claim World Cup victory
The superb volley shot by Mario Götze with the Nike Magista boot saved the World Cup final for Germany as well as for Nike, which might otherwise have been sidelined by two Adidas teams kicking an Adidas ball on the pitch. Both companies claimed victory that evening and for the ...
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Lotto profitable again
In tune with the global sports market, Lotto Sport performed better in footwear than in apparel last year. In fact, the Italian company's total sales of shoes stabilized at €136 million in 2013 without including Etonic, which it divested in the previous year, but its overall turnover declined to €273 ...
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Nixon has big plans for Europe
Philippe Gouzes, former vice president of Burton in charge of international operations, has been appointed general manager of Nixon for Europe, the Middle East and Africa (EMEA). He will take over from Arnaud Gaillard, who is leaving the post after six years with this brand of sports watches to pursue ...
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Skins wants to invest again
Jaimie Fuller, the majority shareholder of Skins, has taken over temporarily as chief executive of the company after the departure of Nicolas Versloot. The Dutchman, who led the Swiss-based compression brand for about two years, joined Levi's last month as managing director in Southeast Asia, based in Singapore.Versloot's priority was ...
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Adidas signs mammoth Man United deal
Manchester United has sealed a technical sponsorship and dual-branded licensing deal with Adidas starting next year at a record price of £750 million (€949.40m-$1,280.15m) for ten years, putting an end to a 13-year relationship with Nike. Adidas justified the eye-popping price tag by stating that it should make £1.5 billion ...
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Biretco and Bike Total will merge
Retail members of Biretco and Bike Totaal have approved the merger of the two chains. The new powerhouse in two-wheeler retailing, which has been named Dynamo Retail Group, will operate a combined 750 bike stores in the Netherlands, Belgium and Germany. It will be the second biggest bike dealer cooperative ...
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Double-digit sales hike for TNF
The North Face enjoyed a sales hike of 11 percent for the second quarter of its financial year, until 28 June. The rise was driven by an improvement of 37 percent in its own retail sales, against a low single-digit increase in the brand's wholesale business. Sales are on track ...
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L-Fashion rejigs management to invest in Asia and franchising
Juha Luhtanen has been appointed to the helm of the L-Fashion Group's sports division, comprising the Icepeak and Luhta brands, among others. A former sales director of the sports division, he takes over from his elder brother Vesa Luhtanen, who previously combined the leadership of this division with the general ...
