More about brands – Page 157
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Article
Mizuno lowers its guidance
Weak sales in Japan and Asia in the third fiscal quarter ended on Dec. 31 have led Mizuno to lower its guidance for the full financial year. It now expects sales of 175,000 million yen (€1.5bn-$1.6bn) down from a previous forecast of ¥185,000 million, and net income of ¥5,200 million ...
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Article
JD’s acquisition of Footasylum hits anti-trust hurdle
Mike Ashley, the maverick boss of Sports Direct, must be jumping with joy at getting his way with his criticism of JD Sports Fashion’s acquisition of Footasylum last April, which is again being questioned by the U.K.’s Competition and Markets Authority (CMA). The CMA launched a review of the case ...
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ArticleChampion’s sales rise by 40%
Thanks to an expanded product range and wider distribution, Champion’s global sales rose by 40 percent to $1.9 billion in the financial year ended on Dec. 28 excluding the brand’s mass market operations in the U.S., which have been terminated.
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ArticleDecathlon grows by 9.2%
Decathlon has reported a sales increase of 9.2 percent to €12.4 billion (before sales taxes) in 2019, with a gain of 9.1 percent in local currencies and including growth of 3 percent to €3.3 billion in the domestic French market. Globally, the number of transactions went up by 8 percent.
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News briefs
Former Sports Direct “elevates” itself
The Frasers Group, the British company previously called Sports Direct International, is implementing in two big ways the “elevation” policy announced by its controversial chief executive and main shareholder, Mike Ashley. It has just acquired a 12.5 percent stake in Mulberry, a British publicly quoted brand of handbags and other ...
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News briefs
Tim Boyle is chairman of Columbia
At its meeting of Jan. 24, the board of directors of Columbia Sportswear appointed as its chairman the company’s long-standing president and chief executive, Tim Boyle, who is now 70 years old. He takes the place on the board that was previously occupied by his “tough mother,” Gert Boyle, who ...
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News briefs
Internetstores grows by 30%
Internetstores, a subsidiary of Signa Sports United, recorded total sales of €373 million in 2019. The online retailer reported that its sales increased by 30 percent over the past three years. This online retail platform for bike and outdoor products, which owns the Fahrrad.de, Brügelmann, Bikester, Probikeshop, Campz and Addnature ...
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News briefs
H&M wins court fight against Adidas
H&M, which is moving more strongly into men’s activewear, has won a long-standing case against Adidas at the Court of Appeal in The Hague, which has ruled that the dual stripe design on its apparel didn’t infringe on Adidas’ three-stripe trademark. The court has also found that the proportions of ...
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News briefs
Nike runs out of Kobe Bryant items
Nike announced on Jan. 28 that the Kobe Bryant merchandise sold through its website had sold out. The company reportedly withdrew the merchandise shortly after the retired NBA star – along with eight others, among them his own daughter, Gianna, and a basketball coach – died in a helicopter crash ...
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News briefs
Boa launched new platform
With the introduction of the H4 platform, Boa Technology, inventor of the Boa Fit System, introduced an extremely robust dial lock platform for snowboard boots at Ispo Munich. The interior of the H4 consists of a revised modular assembly and a newly designed bayonet for extra durability. The release mechanism ...
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News briefs
New Balance offers customized insoles
New Balance will soon be offering a choice of standard or custom insoles for sneakers sold in North America and parts of Asia. The custom soles will be supplied by Superfeet and its collaborator on this venture, the 3D printing arm of HP. The Fitstation by HP + Volumental, a ...
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News briefs
Uvex partners with Tocsen for safety
The German helmet and eyewear specialist Uvex is starting to distribute the eponymous sensor system of Tocsen, a start-up in Freiburg, Germany. Tocsen consists of a fall sensor and app to detect the crash of a helmet wearer. It enquires about the state of the fallen skier, snowboarder or cyclist, ...
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News briefs
New membrane by OutDry’s inventor
Columbia Sportswear acquired OutDry Technologies 10 years ago and decided at the time to restrict the membrane to products under its own brands, such as Columbia and Mountain Hardwear. This compelled OutDry’s more than 50 external customers to look for alternatives. OutDry’s inventor, Matteo Morlacchi, and his brother Luca, who ...
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News briefs
Adidas will sponsor Leeds
Adidas will replace Kappa in the 2020/2021 season as the kit sponsor of Leeds United. The deal with Kappa was set to expire at the end of this season. It will be the first time that Leeds wears Adidas. Leeds’ kit was previously supplied by Nike, Umbro, Admiral, Asics, Puma, ...
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News briefs
Puma backs beach soccer
Puma has signed a global partnership agreement with Beach Soccer World Wide (BSWW), the organization responsible for the creation and growth of beach soccer. Under the terms of the deal, which has immediate effect, the German sportswear brand will supply uniforms for BSWW officials and entertainment crew, as well as ...
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News briefs
Special collabs by Moncler
Moncler has announced three new collaborations as part of its Genius project. JW Anderson, Jonathan Anderson’s label, is the latest name to be added to the roster of Moncler Genius designers. More unexpectedly, two names from outside the world of fashion have also joined the program. These are Rimowa, the ...
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News briefs
Mammut partners with Powdr
Mammut is entering a long-term partnership with Powdr, an American ski resort operator. The partnership makes the Swiss sports brand the official uniform and clothing supplier for more than 8,000 mountain professionals working at 10 of the Powdr mountain resorts in the U.S. The partnership starts with the 2020/21 winter ...
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News briefs
New action by Adidas for the environment
Adidas has announced a new milestone for 2020, as more than 50 percent of the polyester used in its products will come from recycled plastic waste, said the company. This means that the sportswear giant will be on track to meet its goal of using only recycled polyester in all ...
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News briefs
Asics manages climate risks
Asics has been awarded a position on the Supplier Engagement Leaderboard by CDP, a global environmental impact non-profit organization. CDP assessed more than 4,800 companies in order to assign them a Supplier Engagement Rating, which was based on answers to questions regarding targets, governance, scope 3 emissions, and value chain ...
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ArticleThe German Cartel Office blesses Signa’s takeover of SportScheck
Following a comprehensive investigation, the German Cartel Office has concluded that the planned acquisition of SportScheck by the Austrian-based Signa Retail Group via its Galeria Karstadt Kaufhof subsidiary can go ahead as the new conglomerate resulting from the transaction will have a market share of less than 15 percent in ...
