More about brands – Page 76
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News briefs
Slinger books a loss on 349% higher sales
Slinger Bag, which has been renamed as just Slinger following its diversification into tennis management and the planned release of AI-driven training technology, has reported a net loss of $3,435,312 for the first quarter ended July 31, up sharply from a loss of $1,374,026 in the year-ago period. Sales jumped ...
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News briefs
Columbia readies launch of Omni Heat Infinity campaign
“There is no such thing as bad weather. There is just bad clothing,” says Haskell Beckham, senior director of innovation at Columbia Sportswear, in a short video for industry professionals to explain the superior warmth retention and breathability properties of its latest technology, Omni Heat Infinity. It has already been ...
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ArticleOn has become one of the most valuable athletic footwear brands
After only 11 years in existence, On Running has joined other big players in the sporting goods market with its ONON ticker symbol in terms of stock market capitalization. Its parent company, On Holding, started trading on the New York Stock Exchange yesterday at $35 a share, 46 percent above ...
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AnalysisMarket Analysis: The athletic footwear market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global athletic footwear brands including breakdown by region.
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News briefsAdidas and Stella McCartney featured at the Met Gala
Adidas joined Stella McCartney for this year’s Met Gala for the Metropolitan Museum of Art, which took place in New York City on Sept. 13. The two brands, which have been working together for many years, supplied some spectacular pieces of apparel for the model Ella Emhoff, the former UCLA ...
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News briefs
Puma has switched to shoeboxes of recycled cardboard
Puma claims that a new shoebox that it has introduced will save an annual 2,800 tons in cardboard. The box, which has a recycled cardboard content of about 95 percent, is one of several initiatives taken by the German sports brand as part of its “10FOR25 Sustainability Strategy.” Others include ...
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ArticleCrocs wants to triple sales in five years
Crocs said it is targeting an operating margin of at least 26 percent on annual sales of $5 billion by 2026, with 50 percent of the turnover or more due to be generated through digital channels. This would compare with an adjusted operating margin of 18.9 percent in 2020 on ...
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ArticleStrong start for On Running on the NYSE
Source: On Running On runs to NYSE. Investors apparently rushed to buy the new Class A shares offered by On Holding and some of its shareholders as they reportedly started trading on the New York Stock Exchange today at around $35 per share, well above a price ...
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News briefs
Tonal to release Tonal Live
Tonal is launching Tonal Live, a fitness app with live and on-demand workouts as well as a “social zone” for exchange and goal-sharing between members. Tonal’s founder and CEO, Aly Orady, describes the company’s offer as having “adaptive weights, individualized pacing and form feedback that are customized to our members ...
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Article
Extended Covid Restrictions in Vietnam are hitting companies hard
Nike and other companies are expected to suffer considerable damage from a decision by Vietnamese authorities to extend their strict Covid-19 restrictions in the Ho Chi Minh City region until the end of the month. They were originally scheduled to be lifted on Sept. 15, but the measures taken so ...
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News briefs
Xtep sells bonds to Hillhouse to help internationalize K-Swiss and Palladium
Xtep International has completed a $129.4 million convertible bond offering intended to expand the presence of its K-Swiss and Palladium brands internationally. The debt offering consisted of two tranches, a U.S.-dollar-denominated tranche of $65 million with a zero coupon and a tranche worth 500 millionn Hong Kong dollars ($65.4 million) ...
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News briefs
On Holding raises IPO price to $20-22
The parent company of On Running has informed the U.S. Securities & Exchange Commission that it has decided to raise the price of its initial public offering from a range of $18 to $20 to a range of $20 to $22. The company has also indicated that the full overallotment ...
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News briefs
Castore moves into cricket, eyes a possible IPO
Castore, which is said to be planning to go public in 2022, has replaced New Balance as sponsor of the England & Wales Cricket Board (ECB). By the terms of the deal, worth some £25 million (€29m-$35m), the British sportswear producer will be supplying all ECB teams – men’s, women’s, ...
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News briefs
Orage plans to return to Europe
Orage, a Montreal-based brand of outerwear that caters primarily to freeride skiers and snowboarders, is reportedly expanding back into the European market. After undergoing several changes of leadership and direction under the umbrella of Coalision and its CEO and president, Bernard Mariette, the brand was sold in 2013 to one ...
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News briefs
Vista Outdoor buys a producer of golf simulators
Trying to capitalize on the recent boom in the golf market, Vista Outdoor has agreed to buy Foresight Sports, a producer of high-enhd golf simulators based in San Diego, California, for $475 million plus up to $25 million in contingent incentives. The amount is equal to about ten times the ...
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News briefs
Fútbol Emotion and Unisport launch lifestyle apparel
Evidently reacting in part to past and possible Covid-related restrictions on attendance at team sports matches, two European team sports retail specialists have launched more ordinary clothing lines. Fùtbol Emotion, the Spanish sports equipment retailer headquartered in Zaragoza, has launched After 90, a new clothing line for football enthusiasts who ...
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News briefs
Vans to stream its Musicians Wanted concert
Vans will be streaming a concert for the 2021 Vans Musicians Wanted competition, scheduled for Sept. 22. Musicians from the Americas, Europe and Asia-Pacific will be competing to win products from Vans and Kramer, contracts for global music distribution, and playlisting on Spotify and Apple Music.The finalists will be performing ...
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News briefs
Peloton releases its first full range of apparel
After dabbling with a few apparel items in the recent past, including a collaborative line developed with Adidas, Peloton Interactive has released its first full private-label collection of men’s, women’s and gender-neutral fitness garb, calling it Peloton Apparel, for autumn 2021. The items are made of four fabrics, each with ...
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Article
Lululemon raises FY guidance as sales accelerate, despite supply chain issues
Lululemon Athletica raised its outlook for sales and earnings after beating analysts’ estimates in the second quarter ended Aug. 1. Sending its stock market valuation up to an all-time high of €56.5 billion, the company said it is now on track to reach its 2023 target for its top line ...
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News briefs
New presidents for Mountain Hardwear and prAna
Columbia Sportswear has announced the promotion of Troy Sicotte to the position of president of its Mountain Hardwear brand and the appointment of Monica Mirro as president of prAna. They will both be reporting to Craig Zanon, who became the group’s senior vice president for emerging brands earlier this year. ...
