Latest Headlines – Page 80
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ArticleAliExpress sees global growth in demand for ski equipment thanks to Beijing Games
Retail News Asia has released new sales data from AliExpress, the online retail platform founded in 2010 and part of the Alibaba Group that enables small businesses in China and other countries to offer international products to online shoppers. The data shows growing demand for winter sports products, which AliExpress ...
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ArticleSportmaster shifts focus to Russian provinces with new retail format
Russia’s largest sporting goods retailer, Sportmaster, has unveiled plans to expand into cities with populations of up to 100,000 with a new store format. Sergey Agibalov, Sportmaster’s business manager, told the Russian Business Consulting agency that the new format would serve as an element of its omnichannel development strategy, in ...
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ArticleYonex jumps by 51.1%
Yonex’ revenues jumped by 51.1 percent to 53.9 billion yen (€410m) in the first nine months of its financial year, including an indicated 41 percent increase to 19.2 billion yen (€150m) in the third quarter ended Dec. 31. Sales rose in the nine months by just 37.1 percent to ¥27.3 ...
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ArticleS&P upgrades Under Armour’s outlook
S&P Global Ratings has revised its outlook for Under Armour from stable to positive, citing high demand for its products, reduced promotional pricing and abnormally high cash balances. Indicating that they may be raised over the next 12 months, the agency affirmed its debt ratings for the company on the ...
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ArticleRussia’s Kant sees spike in sales during winter months
Russian sporting goods retailer Kant reported that the current winter season is going exceptionally well: Sales in November-December were up 30 to 40 percent compared to the same period last year. In January, sales declined slightly, but were still 15 to 20 percent higher than last year. Maxim Vinogradov, co-owner ...
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ArticleAdidas campaign #SupportIsEverything continues to make headlines
The Adidas advertising campaign with bare breasts on large-scale posters to launch the brand’s new sports bra collection has led to lively discussions on social networks. Now Adidas-UK complemented the #SupportIsEverything campaign with another extraordinary measure. In London, the brand placed eight red, blue and green statues ...
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ArticleCrocs expects $6 billion in sales in 2026
Crocs exceeded $2.3 billion in revenues last year and expects to reach a turnover of $6 billion in 2026, thanks to the takeover of Heydude and organic growth driven by its digital business. The U.S. footwear company posted a strong fourth quarter with an increase of 42.6 percent in sales ...
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ArticleGarmin says diversification is key to 2022 growth, but Q4 net dips
Garmin is currently forecasting 10 percent revenue growth in 2022 to $5.5 billion, driven by new product introductions and strong market trends in at least three of its operating segments. The company reported a 14.2 percent decline in fourth-quarter net income to $286.1 million from $333.5 million for the period ...
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ArticleAlpargatas sold over 12m pairs of Havaianas in Europe last year
Havaianas, the brand of rubber sandals owned by Alpargatas, generated the equivalent of €115.4 million in revenues in Europe, the Middle East and Africa (EMEA) last year, representing a 35 percent year-over-year increase. Results were driven by the Sparkle flip-flop line and the Beyond Core category that grew 28 percent ...
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ArticleBasicNet sees significant sales growth in Q4
BasicNet said it posted “significant” growth at the end of 2021, with consolidated revenues in the fourth quarter jumping by 26.5 percent from the year-earlier period to €80.0 million, marking an improvement of over 14 percent on 2019. BasicNet, the Italian-based parent company for brands such as Kappa, K-Way, Superga ...
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ArticleJD gets fined while divesting Footasylum
JD Sports Fashion is questioning a fine of almost £5 million (€5.9m) imposed by the British anti-trust authority for “sharing of commercially sensitive information” with Barry Bown, CEO of the Footasylum chain it acquired in May 2019. On the other hand, it confirmed that it will “continue to work constructively” ...
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ArticlePotential supply chain constraints may hamper Under Armour’s progress
The EMEA was the shining region for Under Armour in both the fourth quarter and the full year 2021. In the final period ended Dec. 31, the company’s EMEA revenues rose by 23 percent on a currency-neutral basis to $200.2 million, driven mostly by wholesale gains, lifting the operating margin ...
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ArticleKathmandu climbing despite Covid, supply chain impacts
Profits went up at Kathmandu Holding in its second quarter, ended Jan. 30, despite the global pandemic’s impact on its operations. In a preliminary trading update for its first half, the New Zealand-based parent of the Kathmandu, Oboz and Rip Curl brands said its results improved despite lower retail traffic, ...
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ArticleKuenzi will join The Athlete’s Foot after a 24% sales gain
The 550-odd stores and websites affiliated with The Athlete’s Foot (TAF) around the world raised their sales by 24 percent to a new record of $503 million in the past year, said the Arklyz Group, which acquired the chain from Intersport International Corp. in July, surpassing the originally set target ...
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ArticleSports & Leisure drove New Wave’s sales growth
The Swedish-based New Wave Group, which owns sports brands like Craft and Cutter & Back and distributes several others, saw total sales in the fourth quarter increase by 23 percent to 2,307 million Swedish kronor (€218.7m-$249.3m), with the growth driven by the Sports & Leisure segment. At constant currency rates, ...
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Amer may reach a 13% Ebit margin on 20% higher sales, says S&P
Standard & Poor’s Global has upgraded its ratings for Amer Sports, largely echoing the positive comments made last month by Moody’s. S&P sees Amer’s growth accelerating to 20 percent in 2022 from 15 percent in 2021, followed by mid-single-digit increases in 2023 and 2024, thanks in part to investments in ...
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ArticleCallaway sees robust growth continuing, Jack Wolfskin relaunch proceeding well
Callaway Golf predicted another year of robust topline growth in 2022, after revenues in the fourth quarter jumped by 90.0 percent to $711.7 million, benefiting from the addition of Topgolf earlier in the year and “strong momentum” at Jack Wolfskin and TravisMathew. The growth for the new year is expected ...
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ArticleAdidas extends two board mandates amid five-year growth strategy
Adidas will continue to be led by its proven six-member executive team, which will jointly pursue the five-year “Own the Game” strategy launched in 2020. The company, based in Herzogenaurach near Nuremberg, announced on Thursday that the contracts of Roland Auschel and Brian Grevy were extended. Auschel, who is responsible ...
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ArticleCanada Goose cuts guidance as sales disappoint
Canada Goose cut its guidance for the full year, citing lower-than-expected revenues and retail traffic in EMEA and APAC regions in the ongoing fourth quarter of its financial year due to new restrictions imposed in the wake of outbreaks of the Omicron coronavirus variant. The company now expects to post ...
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ArticlePerformance running paced Asics’ gains in 2021
Driven by a 31 percent increase in annual sales of performance running shoes, Asics generated revenues of more than 400 billion yen for the first time in four years in 2021. And the Japanese company’s annual operating income topped 20 billion yen for the first time since 2016. Net sales ...
