More Consumer News – Page 27
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News briefs
Sequential Brands, which owns and licenses And1, Heelys, Revo and...
Sequential Brands, which owns and licenses And1, Heelys, Revo and many other brands, reported an 8 percent increase in last year's revenues to $167.5 million, mostly from licensing, adding that And1 and its other action brands performed well. Adjusted Ebitda increased by 18 percent to $98.0 million, but the company ...
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News briefs
China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
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News briefs
Jeff Bezos, founder and chief executive of Amazon, has overtaken...
Jeff Bezos, founder and chief executive of Amazon, has overtaken Bill Gates as the wealthiest individual in the world, according to Forbes, with a personal net worth of $127 billion. He is also the first one to have reached a personal wealth of more than $100 billion. Bezos, 54, owns ...
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Article
Moncler’s new strategy targets fickle consumers
Moncler has announced a new and speedier strategy, dubbed Moncler Genius, which will see the brand's collections follow the pace of younger and more fickle consumers. The brand will now collaborate with eight new guest designers on monthly collections, for men and women, of its jackets, knitwear and accessories. Instead ...
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News briefs
In contrast with Puma's strong results (see the details in...
In contrast with Puma's strong results (see the details in separate articles in this issue), Volcom and the rest of Kering's Sport & Lifestyle division continued to suffer. The division's Other Brands segment recorded a 4.7 percent decline in revenues to €230.2 million, including a drop of 3.2 percent on ...
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News briefs
Hanesbrands said its Champion brand grew by 15 percent in...
Hanesbrands said its Champion brand grew by 15 percent in the fourth quarter of 2017, thanks largely to moves intended to consolidate go-to-market strategies on a global basis and the retro trend in sports fashion. The brand's sales rose by more than 10 percent in every region of the world, ...
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News briefs
Oakley enjoyed a rebound in the fourth quarter of last...
Oakley enjoyed a rebound in the fourth quarter of last year, after its sales were under pressure from hurricanes and stricter pricing policies in the U.S. Its parent company, Luxottica, saw its sales decline by 2 percent to €2,093 million in the quarter, while improving by 4 percent in local ...
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News briefs
December retail figures in Sweden show that Christmas sales were...
December retail figures in Sweden show that Christmas sales were record-setting for the second year in a row throughout the retail sector. However, the good news does not extend to the sale of sporting goods. According to Hui Research, sporting goods sales increased by a moderate 0.9 percent compared to ...
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News briefs
Golf rounds played in the U.K. were lower in the...
Golf rounds played in the U.K. were lower in the fourth quarter of 2017 as compared to the same period in 2016. According to the figures exclusively released by Sports Marketing Surveys (SMS), all regions experienced a decline, leading to an average drop of 11.4 percent. These figures were to ...
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News briefs
In a preliminary statement, Wolverine Worldwide said it expects to...
In a preliminary statement, Wolverine Worldwide said it expects to achieve this year its target of a 12 percent adjusted operating margin on a 6 percent increase in underlying revenues, in spite of significant incremental investments of more than $40 million to drive future growth. Its international business is expected ...
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News briefs
Halfords reported a 7.8 percent growth in retail cycling sales...
Halfords reported a 7.8 percent growth in retail cycling sales in the 15-week period ended Jan. 12, despite the difficult U.K. retail environment. The growth was driven by retail sales across all bicycle categories, cycle repair and PACs. Halford Group's overall revenues increased by 3.2 percent in the quarter. The ...
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News briefs
Rapala VMC warns investors that its results for 2017 will...
Rapala VMC warns investors that its results for 2017 will show a sales decline of about 3 percent to €253 million instead of coming out flat as previously expected. On a comparable basis, operating income was down to around €11 million from €19 million in the previous year.
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Short stops
Mammut has launched a new transactional website for consumers in...
Mammut has launched a new transactional website for consumers in the U.K.
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News briefs
The Austrian Sport 2000 reports growth of around 15 percent...
The Austrian Sport 2000 reports growth of around 15 percent for the winter sports business of its 213 affiliated retailers as compared to the same period a year ago, thanks to the early start of the winter selling season and the demand for higher-quality products. The situation varied from one ...
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News briefs
Himaraya saw its net losses decline to ¥ 48 million...
Himaraya saw its net losses decline to ¥ 48 million (€0.35m-$0.43m) in the first quarter of its fiscal year, ended Nov. 30, from ¥ 295 million in the same period a year earlier. The Japanese sports retailer's revenues fell by 3 percent to ¥ 15.4 billion (€113.5m-$139.3m) during the period, ...
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News briefs
Lululemon's sales were better than expected in the fourth quarter...
Lululemon's sales were better than expected in the fourth quarter of its last financial year, ended on Jan. 28. The management indicated a range of $905 million to $915 million, up from a previous forecast of $885 million, implying growth of 15 percent or more. The management indicates that there ...
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News briefs
Footasylum, the British sports lifestyle that went public in November,...
Footasylum, the British sports lifestyle that went public in November, reported a sales increase of 33.4 percent to £89.8 million (€100.9m-$123.7m) for the 18 weeks to Dec. 30. Increases were recorded in the physical stores and e-commerce as well as at the wholesale level. The number of stores grew by ...
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News briefs
Crocs told investors at a recent conference that it performed...
Crocs told investors at a recent conference that it performed better than expected in the fourth quarter of 2017, thanks to a strong holiday season in the U.S. Sales reached a level of between $180 million and $190 million, with a gross margin of around 45 percent. However, the company ...
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Short stops
Mammut has launched a new transactional website for consumers in...
Mammut has launched a new transactional website for consumers in the U.K.
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Short stops
Mammut has launched a new transactional website for consumers in...
Mammut has launched a new transactional website for consumers in the U.K.
