More about brands – Page 152
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Article
Asics introduces three shoes virtually
Asics has announced the release of three new models of shoes: the Metaracer, the Metarise and the Metasprint. The Japanese company had planned to introduce the shoes at an Asics Innovation Summit in Tokyo. In response to the Covid-19 pandemic, however, it has opted instead to produce its first virtual ...
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News briefs
Management changes at Eastpak and Kipling
VF Corp. saw a number of management changes on April 1. Nina Flood, until now president of Kipling Americas, left to become president of another VF brand, Eastpak. Settling in Antwerp, Belgium, Flood now has charge of the backpack brand’s marketing and sales operations and is reporting to Martino Scabbia ...
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ArticleGaleria and Karstadt Sports get protection from creditors
Galeria Karstadt Kaufhof (or Galeria for short), the new holding company formed last year from the merger of the Galeria Kaufhof and Karstadt department stores, submitted an application for protection from its creditors which was approved by the local court of Essen on Wednesday. Stressing that the proceedings are not ...
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News briefs
Hoka One One Frodo
Hoka One One, a division of Deckers Brands, has announced a multi-year sponsorship deal with Jan Frodeno, the triathlon legend known as “Frodo.” The German athlete will wear the brand’s high-performance footwear for the next three seasons. Frodeno, who is 38 years old, won the gold medal in men’s triathlon ...
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Article
Kathmandu’s sales jump by 52% on Rip Curl’s acquisition
Kathmandu Holdings had record sales and profit for the first half of its financial year, ended on Jan. 31 2020, boosted by the acquisition of Rip Curl during the period. Revenues were also driven by a good performance by its New Zealand business and robust sales at Oboz, the American ...
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News briefs
Milliken scales up U.S. production of BioSmart fabric
Milliken & Company, the new owner of Polartec, has increased U.S. production of its BioSmart fabric, a patented bleach-activated technology that uses the power of readily available chlorine bleach to kill 99.9 percent of bacteria and viruses. With the increased need for medical protective clothing during the ongoing corona crisis, ...
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News briefsNew anti-virus treatment from Polygiene
Polygiene announced the launch of a new product called ViralOff. According to the Swedish specialist in freshness and odor control technologies, over 99 percent of the viruses on a garment treated with ViralOff are killed within two hours. All viruses so far tested according to the ISO18184:2019 standard - from ...
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Article
Yue Yuen posts mixed results
Yue Yuen Industrial Holdings, the world’s largest footwear producer, reported a 4.2 percent increase in sales to $10,105 million in 2019, driven by a double-digit increase in retail revenues. However, the Chinese company’s gross margin lost 0.3 percentage points, going down to 24.9 percent. and its net income fell by ...
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Article
Li Ning’s profits soar
Even though it faced a difficult comparison base due to a stellar year in 2018, Li Ning managed to more than double its net income in 2019 to 1,499 million yuan renminbi (€192.2m-$211.4m). The Chinese sports company’s annual sales jumped by 32 percent from the previous year to 13,870 million ...
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Article
Fila performs well in Europe
The Italian heritage sports brand’s momentum remained particularly strong in Europe during the fourth quarter of 2019, as Fila Korea’s licensing royalties from the region surged by 47 percent from the year-ago quarter to 39,200 million Korean won (€29.2m-$32.0m).
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News briefs
Rossignol and Julbo / Fourcade
Rossignol and Julbo will continue to partner with Martin Fourcade, despite his surprise retirement announcement in mid-March. According to reports in sport-guide.com, the French biathlete and five-time Olympic champion has signed a three-year extension of his contract with Rossignol. Julbo also told sport-guide.com that it will further extend its long-standing ...
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Article
Wolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was one of the companies operating in our industry that got the biggest hit on the stock exchange between Jan. 24 and March 31. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking ...
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Article
A stellar year for Lululemon
Lululemon Athletica ended the year the same way it started, with sales and profits soaring. This was expected, since the company raised its guidance in January to reflect a better-than-expected holiday period.
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ArticleNike’s anti-coronavirus playbook works out
Nike’s share price rebounded strongly when the New York Stock Exchange opened on Wednesday morning after the release of the company’s third-quarter results at the end of the previous day. It opened at $80.11 as compared to $66.75 on Tuesday morning and $72.16 on Tuesday evening, partly aided by a ...
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ArticleHow the industry is reacting to the Coronavirus
(Updated on March 27, early morning time) We have been making use of our new SGI Europe and Outdoor Industry Compass websites to give you a constant flow of new information on what the industry is doing about the spreading Covid-19 pandemic in a dedicated “Corona Ticker.” We feel that ...
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Short stops
Retail short stops
+++ Fanatics and Inter Miam CF, the Major League Soccer (MLS) team part-owned by David Beckham, have announced a long-term omnichannel retail partnership +++
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News briefs
Wolverine appoints global brand presidents
Wolverine Worldwide has appointed Joelle Grunberg as global president of its Sperry division and Tom Kennedy as global president of the Wolverine brand, with oversight for the Licensing Group and membership on the acquisitions team. Grunberg has spent the past seven years as president and chief executive for North and ...
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News briefs
Wolverine fined in Michigan
Wolverine Worldwide has agreed to pay $69.5 million to local authorities and the state of Michigan over several years to remedy water contamination from chemicals used in a now-closed tannery and other company-owned facilities in the state. On the other hand, WWW will get $55 million in a lump sum ...
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News briefs
Clarus appoints EVP of operations and talent
Clarus Corp. has appointed Kelly Davis as executive vice-president of operations and talent, effective March 26. Davis previously served as a vice-president and general manager of Idex Corp., a diversified engineered products company, where he was responsible for the Trebor and Knight business units. Prior to joining Idex, he served ...
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News briefs
New dyeing technology by Huntsman
Huntsman Textile Effects has developed a new dyeing technology for polyester and its blends that helps to save water, energy and costs. Terasil Blue W is the name of the latest addition to its Tersail W/WW range of fast disperse dyes. It has been specially developed for high-performance sportswear and ...
