Latest Headlines – Page 67
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ArticleTechnogym H1 results pumped up by B2B, North America
Technogym total revenues lifted 17 percent higher in the first half to €325,223,000 from €276,255,000, bolstered by a 35 percent increase in B2B sales to €241.4 million and a nearly 53 percent revenue gain in the North American region to €45.3 million on growth in the hospitality & residential and ...
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ArticleAdidas braces for more China woes, potential slowdown in global consumer spending
Adidas, which adjusted its FY22 guidance downward on July 26, reported a 10.2 percent increase in Q2 revenues (+4% currency neutral) to €5,596 million from €5,077 million. The sales gain was achieved despite ongoing supply and demand challenges and more than €300 million in lost revenues related to the factory ...
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![Cara Delevingne supporting Conference of the People, powered by PUMA on 6th Sept 22[2]](https://d1f00kj7ad54bu.cloudfront.net/Pictures/100x67/8/4/1/17841_caradelevingnesupportingconferenceofthepeoplepoweredbypumaon6thsept222_127218_crop.jpg)
ArticlePuma to host event to discuss solutions for a more sustainable fashion industry
Puma plans to discuss solutions to some of the fashion industry’s most pressing sustainability issues, including waste, materials and climate change, at an event in London on Sept. 6 that will be digitally streamed around the world. The “Conference of the People” will feature industry peers, activists, ...
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ArticleGerman trade show industry aims to be climate neutral by 2040
”The German trade show industry will be climate neutral by 2040,” claimed a press release from AUMA (German Association of the Exhibition and Trade Show Industry) this week. According to the statement, by 2025 at the latest, German trade shows will be powered by 100 percent green electricity. As early ...
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ArticleBogner records most successful financial year since 2015
Despite the geopolitical and global economic situation, the German luxury sports fashion company Bogner was able to continue its growth course in fiscal year 2021/22 (ended March 31). The company thereby recorded its most successful fiscal year since 2015, with sales of €166.3 million, up 36 percent on the previous ...
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ArticleGrupo SBF generates 32% of quarterly sales from digital
Grupo SBF, which operates Brazil’s top sporting goods chain in Centauro and has distributed Nike in the South American market since Dec. 2021, reported a 2.7 decline in adjusted Ebitda to 154,764,000 Brazilian reais (€29.6m) for the period ended June 30. Operating income declined by 25.0 percent to BRL $70,503,000 ...
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ArticleVF posts quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
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ArticleExperts remain split on nature and effects of the metaverse, Pew study finds
Pew Research Center has released a report titled “The Metaverse in 2040,” detailing the American polling company’s recent unscientific survey of a non-random sample of experts in the field. To be hyperbolic, opinions range all over, from “nothing will happen” to everything will happen,” from “people will go crazy” to ...
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ArticleMoncler results bolstered by big EMEA sales gain
Moncler’s first half profits climbed 260 percent to €211.3 million from €58.7 million as revenues increased 46 percent on a constant-currency basis to €918.4 million from €621.8 million. DTC sales from the Moncler brand rose 33 percent to €555.9 million, with wholesale revenues gaining 14 percent to €168.3 million and ...
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ArticleHoka hits new heights, aims for more
Deckers Brands is working to further enhance Hoka’s escalating sales trajectory and increase its brand awareness with a new “Fly Human, Fly” global marketing campaign, additional expansion outside the U.S. and a broader product reach that will tap into the trail, hike, walking, and lifestyle segments desired by key age ...
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ArticleColumbia revises FY22 outlook, will lean on key markets
At the same time as announcing its results for the quarter with the seasonally lowest sales volume, Columbia Sportswear has reduced its sales and profit forecasts for the full year. The company is concerned about the current state of the consumer and potential retail order cancellations later this year. It ...
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ArticleGarmin’s Q2 revenues hurt by another double-digit drop for fitness
Garmin experienced a double-digit decline in revenues from its fitness segment for a second consecutive quarter. That decrease was the primary contributor to an overall 6 percent sales decline to $1.24 billion from nearly $1.33 billion for the period ended June 25. Overall, double-digit sales improvement for its outdoor and ...
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ArticleAdidas cuts FY 2022 guidance on China weakness and potential slowdown in other markets
Adidas has adjusted its top line 2022 guidance due to a worsening outlook for its Greater China business. While second-quarter 2022 results slightly exceeded expectations, given continued strong momentum in Western markets and a return to growth in Asia-Pacific, the company has reported a slower-than-expected recovery in China since the ...
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ArticleFirst professional baseball league to be established for India, Pakistan and the Middle East
Source: UIBL UIBL executive team (left to right): Kanwal S. Sra, founder, chairman and CEO; Mariano Rivera, co-president; Kash Shaikh, president and CMO Under the name and organization of the new United International Baseball League (UIBL), professional baseball is to be brought to India, Pakistan and the ...
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ArticleSkechers adopts cautious H2 outlook, plans further distribution center investments
Skechers – citing currency impacts, persistent supply chain woes, a slower pace of recovery in China, and an overall uncertain global economic environment – is taking a “cautious view” for the remainder of 2022 after reporting record quarterly revenues. Describing a volatile supply chain environment over the last 4 to ...
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ArticlePádel meets domotics
Smart Padel Automation has established a (non-exclusive) partnership with Playtomic to deliver a package of services that could render pádel clubs all but automatic and relieve them of the need for staff. Established in January and headquartered in Madrid, Smart Padel derives its tech from a ten-year-old Galician company called ...
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ArticlePuma raises FY revenue outlook, maintains Ebit forecast
Puma, bolstered by its strong first-half sales despite persistent global headwinds, has increased its financial year 2022 revenue forecast to mid-teens currency-adjusted growth from a prior outlook of at least 10 percent sales expansion. Various factors, however, ranging from higher freight costs to rising raw material prices, will dilute the ...
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ArticleShimano sees strong H1 demand despite “cooling down” signs
Shimano reported a 22.4 percent increase in net income to 68,558 million Japanese yen (€491.6m) for the six months ended June 30. Operating income was 15.7 percent higher for the period at ¥80,909 million (580.2m) versus ¥69,922 million in the year-ago period. Pearl Izumi U.S. was excluded from the reported ...
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ArticleAlibaba seeks initial listing on Hong Kong Stock Exchange, maintains listing on NYSE
Alibaba’s board has authorized the management to apply for an initial listing on the Main Board of the HKSE while also remaining listed in New York.
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ArticleItaly’s sports economy contributes €24.5 billion to national GDP, a 1.9% increase
The contribution of the sports economy to Italy’s gross domestic product (GDP) is around €24.5 billion, namely 1.37 percent of the country’s total GDP, and a workforce of 420,000 people, according to a recent report by Istituto per il Credito Sportivo (ICS). The study titled Il PIL dello sport. La ...
