More about brands – Page 69
-
News briefs
Zalando’s Zircle app adds resale option in Germany
Zalando has revamped and relaunched the Zircle app in its home market. German customers of the Zalando marketplace can now return articles of womenswear bought from their fellow customers there. All such items appear in the customers’ order history on the app. The new service will be extended to menswear ...
-
News briefs
VF makes new CSR pledges
VF Corp’s fourth sustainability and responsibility report says the group will achieve zero waste verification at all its warehouses and distribution centers by the end of this year, compared with 72 percent at present. This would mean that at least 95 percent of their waste will be diverted from landfills. ...
-
ArticlePentland Brands makes new CSR commitments
Coinciding with the start of the COP26 conference on the climate in Glasgow, Pentland Brands released a set of new commitments to support people and the planet for the year 2032, when it will be celebrating the 100th anniversary of its business. The company’s “100-1-0” positive business strategy sets out ...
-
News briefs
Hoka collaborates with Moncler
Hoka (formerly called Hoka One One) has collaborated with the outdoor apparel brand Moncler to produce a limited edition of its Mafate Speed 2 trail running shoe. The Mafate S is designed for both mountains and, thanks to the addition of reflectors, city streets. The outsole is made of Vibram ...
-
News briefs
Vans to release two collaborative collections
Vans’ two latest collections are collaborations with the Japanese streetwear brand Bape (A Bathing Ape) and the Italian outerwear brand Napapijri. Vans x Bape, which is due for release on Nov. 30, consists of redesigns of established Vans models – specifically two sneakers and a hoodie – that blend elements ...
-
News briefs
Ellesse collaborates with YouTube group on capsule
Ellesse, the Italian sportswear brand owned by Pentland Brands, is releasing a co-branded apparel collection for autumn/winter with Sidemen (SDMN), a group of friends who run a YouTube channel and have founded a clothing brand, Sidemen Clothing. Among the eight items are a hoodie, a jacket, joggers, a T-shirt, a ...
-
News briefs
Accell makes key supply chain appointment
Accell Group has appointed Francesca Gamboni, who is currently senior vice president of Stellantis in charge of the global supply chain, to the position of chief supply chain officer, tackling what has become an important and complex issue in the bike sector and others. Replacing Jeroen Both, who is leaving ...
-
News briefs
Dorel will pay more taxes in Luxembourg
Confirming the verdict of a lower court, the Luxembourg Administrative Court has ruled that a local subsidiary of Dorel Industries owes €54.6 million including tax to the local government. As a result, the owner of Cannondale, Schwinn and other brands, whose bike division is being purchased by Pon Holdings, will ...
-
ArticleSkechers sees 19% sales gain in Q3, but supply chain woes will stretch into 2022
Skechers saw revenues in the third quarter ended Sept. 30 rise by 19.2 percent to a record $1,551 million, an achievement that the company described as “remarkable” amid supply chain bottlenecks that have constrained sales growth and are seen extending into 2022. At constant currency rates, sales rose by 17.1 ...
-
News briefs
Puma signs a prep-school basketball player
Puma has signed its first endorsement deal with a high school basketball player, Mikey Williams, who plays guard for Vertical Academy in Charlotte, North Carolina, and will be eligible for the NBA draft in 2024. ESPN calls the 17-year-old Williams the 11th best prospect in his high school class, and ...
-
ArticleDeckers’ Q2 sales grow by 16% on Hoka's gains, but margins are squeezed
Deckers Brands saw revenues increase by 15.8 percent to $721.9 million in its second quarter ended Sept. 30, led by the continued strong performance of its Hoka brand, but delays in deliveries capped top line growth at Ugg. On a constant-currency basis, revenues increased by 14.8 percent, but net earnings ...
-
News briefs
Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
-
News briefs
Li Ning raises equity by €1.16bn for international expansion and other purposes
Li Ning Company said it is planning to sell 120 million new shares worth a total of HK$10.5 billion (€1.16bn-$1.35bn) to raise funds for its international expansion, which has not been easy until now, and for investments in new product categories. The proceeds would also be used for the establishment ...
-
ArticleBasicNet reports improved results
BasicNet said its Ebitda for the third quarter ended Sept. 30 was 23.7 percent higher than in the same period of a year ago and 6.3 percent higher than in the third quarter of 2019. Without providing a quarterly breakdown for other key indicators, the Italian-based parent company of Kappa, ...
-
ArticleMoncler accelerated in Q3
The Moncler Group’s revenues grew by 55 percent on a currency-neutral basis to €555.5 million in the third quarter, including €100.1 million in incremental sales from the recently acquired Stone Island brand, whose results were consolidated as of April 1. Accelerating from the first half, the core Moncler brand saw ...
-
ArticleAfter a Q3 sales miss, Columbia lowers FY sales outlook, raises profit forecast
Columbia Sportswear has lowered its sales outlook for the year but raised its profit forecast, despite weaker-than-expected third-quarter revenues due to supply-chain constraints. The group’s quarterly sales rose by 15 percent to $804.7 million, against forecasts of $862 million. Beating expectations, net income jumped by 60 percent to $100.6 million ...
-
News briefs
Garmin performed better in fitness than outdoor in Q3
The fitness segment outperformed the outdoor segment in Garmin’s third quarter, ended on Sept. 25, but the company is still predicting 17 percent growth in both segments for the full financial year. Outdoor segment revenues fell by 3 percent to $323.8 million, due primarily to the timing of new product ...
-
News briefs
Wolverine amends its credit facilities
Wolverine Worldwide has amended and extended its credit agreement with JP Morgan Chase, refinancing a $200 million term loan and taking its existing revolving credit up from $800 million to $1 billion. The maturity of both credit facilities has been stretched to end on Oct. 21, 2026. There was an ...
-
News briefs
Clarus prices its stock offering at $27
Clarus Corporation, the company based in Salt Lake City that owns brands such as Black Diamond, Pieps, Sierra Bullets and Rhino-Rack, has priced a stock offering of 2,750,000 shares of common stock at $27 each. The expected gross proceeds of $74,250,000 would be used for general corporate purposes, including repayment ...
-
News briefs
Champion’s new collection is all about Queen
Champion is releasing a limited-edition collection of unisex sportswear that displays pictures of and song titles by the rock band Queen. Yes, the obvious candidate, “We Are the Champions,” is included. Among the items are Reverse Weave sweatshirts and hoodies and Athletic Jersey T-shirts. The collection will be sold at ...
