More about brands – Page 137
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AnalysisMarket Analysis: The global athletic shoe market
The global market for athletic footwear enjoyed solid growth of 6.7 percent at the wholesale level last year, reaching a level of $70.9 billion, according to an annual analysis by Sporting Goods Intelligence of the major sports brands’ performance in this segment. It would have risen a little more without ...
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News briefs
Macron enters the top flight of Slovenian football
Macron is the new technical sponsor of F.C. Koper. The four-year agreement between the Italian sportswear brand and the Slovenian club will start from the 2020/21 season. F.C. Koper, based in the city of Koper, has won in its history all three domestic trophies: a title of Slovenian champion, three ...
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News briefs
Nike launches experimental shoe designed for “doing nothing”
Nike is introducing the Offline, a new shoe that has been conceived for moments of relaxation, when people takes time to unplug and disconnect. The Nike Offline features an “anti-sneaker silhouette,” as the brand has described it in its press release. The mule includes two interchangeable sensory drop-in midsoles. Sensation ...
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News briefs
New chairman for Adidas
Thomas Rabe, 55, has been appointed as the new chairman of Adidas AG’s supervisory board. He succeeds the 76-year-old Igor Landau after 16 years in that position. Rabe became chief financial officer of Bertelsmann in 2006 and was promoted to chief executive of the global media company six years later. ...
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News briefs
New president for Wolverine
On Sept. 8, Wolverine Worldwide will have a new president and member of the board, Brendan Hoffmann. He brings over 30 years of experience in merchandising, digital marketing and omni-channel retail experiences. Among various stations, he served as president and chief executive of Bon-Ton Stores and Lord & Taylor. Earlier, ...
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News briefs
Big recovery at Foot Locker
In a preliminary statement that sent its stock price high, Foot Locker revealed a jump of 18 percent in same-store sales during its third quarter ended on Aug. 1. Analysts had forecast a loss for the company, but Foot Locker indicated that it may have even beaten the $60 million ...
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News briefs
A Foot Locker pioneer, Harold Sells, passed away
Harold Sells, a U.S. executive closely connected with the history of Foot Locker, has died at the age of 92. His career started in 1954 when he opened the first store of Kinney Shoes, a American shoe retail chain that was then bought by Woolworth Corporation, where he helped found ...
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Article
Asics posts heavy losses
After ending the first quarter in the red, Asics posted steep losses again in the second quarter. They reached 11,700 million yen (€92.5m-$109.5m), versus a profit of ¥2,100 million for the same quarter last year. Sales were off by 21.5 percent to ¥146,800 million (€1.16bn-$1.37bn) in the period, or by ...
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News briefs
Good ratings for Adidas
The Adidas Group got strong investment-grade ratings from Standard & Poors and Moody’s – A+ and A2, respectively – with a stable outlook, making it one of the top-rated companies in the sporting goods industry. The two agencies praised the Big a for its diversification in terms of geographies, products ...
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News briefs
Slinger Bag beats sales projections in multiple markets
Slinger Bag, the brand behind the eponymous combination ball launcher and tennis bag, has exceeded its sales projections in Japan, Scandinavia, Switzerland and the U.K., possibly indicating that tennis afficionados are eager to return to the game. Although it was launched in those markets as recently as late May, at ...
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ArticleExecutive Survey: Sports and outdoor brands are pushing DTC
While experiencing generally lower orders from retailers, primarily because of the coronavirus outbreak, more than two-thirds of sports and outdoor brands responding to our survey intend to further develop their own direct-to-consumer (DTC) operations, relying more on their own websites than on those of third-party e-tailers.
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Article
Reebok is giving the public a say in production
Reebok has introduced an internet platform through which consumers from all over the world can determine the fate of the company’s new sneaker designs. The first design is actually a redesign, the “Bee Keeper” Classic Leather, by Emily Gibbemeyer and Alex Chou. Called First Pitch, the new internet platform was ...
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News briefs
Carl Sterner sets up Shimano’s new fishing organization for the Nordics
Shimano has appointed Carl Sterner to build and lead a new sales organization for its fishing tackle products in Denmark, Sweden, Finland, and Norway. It will be based in Uppsala, Sweden. Sterner was previously responsible for the hunting and wilderness segment in Sweden at XXL, the big Nordic sporting goods ...
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News briefsPuma appoints Ben Hughes as general manager for UKIB
Source: Puma Ben Hughes Puma has appointed Ben Hughes as general manager for the United Kingdom, Ireland and the Benelux countries (UKIB), with immediate effect. He succeeds Paul Spencer, who moved to the position of regional sales director for Europe at the beginning of July, as previously ...
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ArticleCanada Goose to cut production as Covid-19 hits Q1 sales
Canada Goose is cutting production and opening fewer stores as the coronavirus pandemic hit its sales, causing first-quarter net losses to almost double to 50.1 million Canadian dollars (€32.0m-$37.7m) from Can$ 29.4 million a year earlier. On adjusted basis, excluding restructuring charges, the net loss amounted to Can$ 38.4 million ...
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News briefs
Anta is now listed in the Fortune China 500 rankings
Anta Sports has announced that the company has been listed in the 2020 Fortune China 500 rankings. The sportswear firm rose 62 places from the previous year to the 289th spot. It is the only Chinese sportswear brand on the list. In 2019, Anta Sports’ revenues jumped by 40.8 percent ...
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ArticleGoPro’s losses widen
The U.S. action camera brand’s sales tumbled by 54.1 percent in the second quarter to $134.2 million, while the gross margin contracted by 4.6 percentage points to 30.3 percent. Adjusted Ebitda was negative $22 million, compared to $14 million in the same period a year ago. The company’s net loss ...
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Article
Moody’s and S&P forecast 15% lower sales at Amer in Q3
In a new report, the rating agencies Moody’s and S&P reveal that Amer Sports’ revenues fell by 36 percent in the second quarter and by 22 percent in the first half, hampered by the impact of the pandemic. Ebitda showed a loss of €26 million for the first half, against ...
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ArticleAmazon is entering the Nordics
Confirming plans to set up its seventh European website in Sweden in time for Christmas shopping, Amazon has posted a job advertisement for a manager who would also be responsible for Norway, Denmark and Finland. Until now, Swedish consumers and companies have only had access to the other European Amazon ...
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News briefs
Nike joins Time to Vote
Nike is celebrating the 55th anniversary of the Voting Rights Act by becoming a member of an association called Time to Vote. Passed in 1965 and since amended many times, the Voting Rights Act serves essentially to enforce the Fifteenth Amendment to the U.S. Constitution, which was ratified in 1870 ...
