Latest Headlines – Page 278
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Reforms nearly completed at Li Ning
Li Ning Company said that the first stage of its wide-ranging reforms had been nearly completed and the efforts were starting to pay off. However, the Chinese supplier added that market uncertainty could affect the improvements this year.The group's sales slumped by 12.8 percent to 5,824 million yuan renmimbi (€679.8m-$936.8m) last ...
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360 Degrees suffers in China, invests abroad
After a year marked by slumping sales and sharp cost reductions, as well as foreign investments, 361 Degrees International detected signs that the Chinese sporting goods market had pulled through the worst of its downturn towards the end of the year.The company is particularly hopeful that the new Chinese government ...
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Xtep invests in sports
Investments in sports and functional product ranges were among the measures taken by Xtep to overcome sluggish demand last year, along with tighter management of orders and inventories.Xtep saw its sales decline by 21.7 percent to 4,343.1 million yuan renmimbi (€507.2m-$698.7m) for the year. Although the average wholesale discount rate ...
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Improved profit after multiple cuts at China Dongxiang
Chen Yihong, chairman at China Dongxiang, is apparently quite philosophical about the mixed performance at his company, which owns rights to the Kappa brand in China, Macau and Japan; and owns the Phenix skiwear brand. His statement about last year's results is even enhanced by a quote from the philosoher ...
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Better results for Alpargatas
Sales increased by 13.9 percent in 2013 at Alpargatas to a new record of 3,426 million Brazilian reais (€1,056.1m-$1,460.1m), thanks in part to higher average selling prices, and the company's net profit went up by 10.7 percent to R$310.0 million (€95.6m-$132.1m). The gross margin fell slightly to 41.5 percent but ...
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Crocs posts higher sales but earnings plunge
Crocs saw its revenues increase by 1.6 percent to $228,673 in the fourth quarter of 2013. For the full year, the American footwear company's revenues increased by 6.2 percent to $1,192,680. On a constant currency basis, the increase was of 4.1 percent and 8.8 percent in the fourth quarter and ...
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Luxottica will work with Google on smart eyewear
Luxottica and Google announced last week a partnership for the design, development and distribution of spectacles for Google Glass that will involve the popular Ray-Ban and Oakley brands, using also Luxottica's retail and wholesale distribution channels once Glass will become more widely available.Google Glass is still in a beta testing ...
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Safilo will focus on Polaroid, repositioning Carrera
Seriously hurt by the loss of the Armani licenses, Safilo confirmed plans to significantly develop its proprietary brands, which represent about 20 percent of its total sales, but the focus seems to have shifted to the recently acquired Polaroid brand, which benefits from a strong image, from Carrera, which will ...
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Marchon marches on at a double digit
Wearing a Google Glass shield, Claudio Gottardi, president and chief executive of Marchon Eyewear, told a small group of journalists during the Mido show in Milan that the company is expected to raise its sales by between 13 and 14 percent this year, or roughly at the same pace as ...
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Spy turns around, gearing up for expansion
Spy is aiming for a 50-50 sales split between sunglasses and prescription frames because of the much bigger number of optical accounts operating in the U.S. and the rest of the world. The number of its optical retail accounts in the U.S. has risen to about 1,000 from only 200 ...
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Gordon Baird takes the reins of Inov-8
A 54-year-old industry veteran, Gordon Baird, became the new chief executive of Inov-8, the fast-growing brand of trail running shoes, on March 18. He was most recently the CEO of Americana, the British parent of the Bench brand, which is coming under the ownership of another equity fund (more on ...
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Haglöfs chief executive resigns
Nicolas Warchalowski, who has led Haglöfs for the last five years, resigned and left the company earlier this month. The chief executive encouraged the group's global expansion after its takeover by Asics and he said it was time to hand over to another manager for the next phase.The company said ...
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AMG is open for new ventures after management buyout
AMG Group, the Scottish company that owns the Vango brand of camping products as well as the Force Ten and Lichfield brands of family camping products, is eager to obtain new distribution contracts and is interested in possible acquisitions following its management buyout, announced a few days ago. In particular, ...
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Gore-Tex is the best-known ingredient brand
A study compiled by us about the Italian sporting goods market a few years ago showed that Gore-Tex was by far the biggest brand of outdoor products in the country. Gore-Tex turned out to be now the best-known “ingredient brand” for the textile and outdoor industry in the German-speaking region. ...
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Change of the helm at Décathlon’s parent
Oxylane, the parent company of Décathlon and other minor retail chains, has decided to appoint Michel Aballea, who has been running its operations Décathlon Sports India since 2007, as its new chief executive from the beginning of 2015. He will take the place of Yves Claude, who will steer the ...
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Décathlon switches to second gear in Sweden
Décathlon is closing one of its two Swedish stores, located in Bromma, at the end of this month, but company officials insist that the big French retailer is committed to the country.It launched e-commerce in Sweden last month, with a goal to supply some 12,000 products online. It also has ...
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Change of generations at Sportler
Jakob Oberrauch, 25, is the new managing director of Sportler, the big Italian chain of sporting goods stores. He has taken over the reins from his father Georg, who believes in giving more responsibility to young people. Georg, who will be 59 next Dec. 11, is not going to rest, ...
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Runners Point may grow outside Germany
Foot Locker sees its Runners Point chain growing outside Germany to other parts of Europe in due time, while reaching the same high profitability as its regular European stores. In the shorter term, further expansion in Europe and in the women's business, coupled with other strategic initiatives, should help the ...
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Hainer will run Adidas until March 2017
Herbert Hainer's contract as chief executive of Adidas AG was set to expire in 2015. At a meeting last week, the supervisory board of the group decided to extend his mandate for an extra two years until March 2017. The 59-year-old manager has been with Adidas since 1987, and he ...
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A strong quarter helps the Adidas Group
A strong performance in the fourth quarter of 2013 allowed the Adidas Group to achieve the targets that it had set last September for the full financial year, which the management had revised downwards due to a number of reasons. The group accomplished the feat in spite of an adverse ...
