Latest Headlines – Page 66
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ArticleAsics Corp. H1 sales bolstered by running, hikes FY outlook
Asics Corp. reported a 9.8 percent increase in first half attributable net income to 13,562 million yen (€97.6m) from ¥12,350 million, fueled by a 13.5 percent gain in performance running shoe sales to ¥123,284 million (€887.6m) that included strong category increases in nearly all global regions. Operating income slipped 20 ...
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ArticleBrooks Running posts 11 percent increase in Q2 global revenue
Brooks Running, a Berkshire Hathaway firm, recorded 38 percent sales growth in the EMEA in Q2 and a 12 percent increase in the U.S. to keep the company on track for double-digit revenue growth in 2022. During the period, the brand initiated a soft launch in China that focused on ...
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ArticleTenson sells ColourWear to Swedish Active Brands Group
Sweden-based Active Brands Group Scandinavia AB (not to be confused with Oslo, Norway-based Active Brands AS) announced the acquisition of ColourWear from Tenson, expanding its product portfolio in the board and ski apparel market and strengthening its position as a global distributor of consumer, health and sports brands. ColourWear was ...
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ArticleNautilus maintains H2 outlook despite tough Q1
Nautilus Inc. is maintaining its expectations for the second half of its financial year, which include positive adjusted Ebitda and 60 to 70 percent of its annual revenues fueled by advertising support – after reporting dismal results in its seasonally slow first quarter. Impacted by a nearly $27 million ...
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ArticleWolverine outperforms in Q2, but lowers FY forecast
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
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ArticleArchroma takes over Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
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ArticleHow should product price differences in the EU be treated in light of geo-blocking?
Online shops: Is geoblocking permitted in cross-border sales? What is the law; what is there to know? Our legal expert brings light to the matter and explains the EU Geo-Blocking Regulation.
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ArticleTextile waste allegedly used as fuel for brick kilns in Cambodia
Unearthed, a subsidiary of Greenpeace, has issued a new report, stating that off-cuts from Cambodian textile factories mixed with wood are being used to fuel brick kilns on a large scale. The kilns need to stay fired for several days at a temperature of 650° C to burn the clay ...
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ArticleAllbirds shrinks staff and cuts costs while Q2 loss increases
Allbirds reported a net loss of nearly $29.4 million against a loss of $7.6 million for the second quarter ended June 30. The operating loss was $29.3 million versus a loss of $4.17 million. Total revenues increased 15 percent (18% currency-neutral) to $78.2 million from $67.9 million, with U.S. revenues ...
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ArticleYonex hikes FY outlook on pleasing China recovery
Yonex, citing a better-than-expected recovery in China after pandemic-related lockdowns eased, has increased its H1 and financial year forecasts. The Japanese company has raised its H1 revenue forecast by 20 percent to 48,000 million yen (€342.9m) from ¥40,000 million and its operating profit outlook by 58 percent to ¥6,000 million ...
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ArticleGlobal gym accessories market growing at 6.2% CAGR to 2031
The global gym accessories industry was estimated at $6.51 billion in 2021 and is expected to reach $12.01 billion by 2031, registering a compound annual growth rate (CAGR) of 6.2 percent from 2022 to 2031, according to a new report by Allied Market Research. The experts said that the growth ...
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ArticleGoPro Q1 revenues driven by subscriptions, EMEA and APAC
Action camera maker GoPro is approaching two million subscribers after the total grew 65 percent (or 754,000 subs year-over-year) in Q2 to reach 1.91 million. The company’s subscription and service segment revenues rose 70 percent to $20.1 million for the period ended June 30, while hardware sales declined 1.1 percent ...
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ArticleAlpargatas sees Havaianas’ revenues fall double-digits in U.S., China
Alpargatas suffered double-digit sales declines for its rubber sandal brand in both the U.S. and China during the second quarter but realized an 11.8 percent increase in price per pair during the period. Havaianas’ sales declined 46.3 percent in China to 8.7 million Brazilian reais (€1.7m) due to the country’s ...
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ArticleStrong start of the Functional Fabric Fair in New York
Functional Fabric Fair New York – powered by Performance Days® is a trade-exclusive event showcasing the latest trends in fabric development for the functional textile industry and provides a suitable marketplace in the U.S. for sourcing high-performance functional fabrics and accessories. On July 19-20, for the first time in three ...
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ArticleCrocs lowers outlook, stock price takes hit
Crocs, Inc. lowered its annual revenue guidance and reported a significant decline in its Q2 operating margin, factors which contributed to a nearly 14 percent decline in its stock price early today. The company is now forecasting 14 to 17 percent constant currency revenue growth for its Crocs brand (10 ...
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ArticleCallaway generates double-digit sales gains across all segments, raises FY outlook
In reporting record second-quarter results paced by revenue and operating income growth from its Topgolf driving range venues, Callaway said pricing and other business improvement implemented during H1 have enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net income increased ...
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ArticleMarket Analysis: The athletic footwear market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global athletic footwear brands including breakdown by region.
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ArticleeBay exceeds expectations in Q2, sees ongoing global challenges
Online platform eBay has beat analysts’ earnings expectations in its quarterly report for the second quarter of 2022. According to the board, the e-commerce company’s focus on higher-priced products and the sneaker product category mitigated the impact of spending restraint and weakness in some European markets. eBay forecast revenue between ...
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ArticleZalando publishes Q2 figures and reveals adjustment plans to improve order economics
With the release of its second quarter 2022 figures, Zalando has expressed confidence in returning to profitability in the second half of 2022 with a set of measures to address the volatile market environment. In the second quarter of 2022, the number of active Zalando customers grew to over 49 ...
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ArticleUnder Armour prepares for inventory challenges, major drop in FY gross margin, seeks new CEO
Under Armour, which has faced more than its share of challenges in recent years, is bracing for another one but vowing to take its message, products, and brand to more consumers worldwide with renewed focus with more than $600 million in global marketing dollars and unaided brand awareness of 92 ...
