News Briefs – Page 586
-
News briefs
Giant Manufacturing Co. has raised prices in Europe, where its...
Giant Manufacturing Co. has raised prices in Europe, where its bike sales grew strongly in the first half in local currencies, to mitigate adverse currency exchange effects. Currencies cut the revenues of Giant by 57.1 million Taiwanese dollars (€1.6m-$1.8m) in the second quarter. At current rates, they grew by only ...
-
News briefs
The Fila Korea group has reported a net loss of...
The Fila Korea group has reported a net loss of 31.8 trillion Korean won (€23.9bn-$27.0bn) for the second quarter ended June 30, compared with a profit of KRW29.5 trillion in the year-ago period, on 2.7 percent higher revenues of KRW 200.7 million (€0.15m-$0.17m). The Korean operation suffered a 7.6 percent ...
-
News briefs
Acushnet Company raised its sales by 2.0 percent to $446.5...
Acushnet Company raised its sales by 2.0 percent to $446.5 million for the second quarter according to Fila Korea, which owns 12 percent of the parent company of Titleist and Footjoy, but the turnover was up by 4 percent on a currency-neutral basis. The gross margin improved to 53.1 percent ...
-
News briefs
Johnson Health Tech turned around to a net loss of...
Johnson Health Tech turned around to a net loss of 161.8 million Taiwanese dollars (€4.4m-$5.0m) from NT$157.9 million in net profits for the second quarter. Sales increased by one percent to NT$ 3,479 billion (€95.5bn-$107.5bn) during the period, but the gross margin fell by 3.22 percentage points to 43.2 percent.
-
News briefs
Only three weeks after suing Sears over a similar issue,...
Only three weeks after suing Sears over a similar issue, Adidas has filed suit against Forever 21 and Central Mills in the Portland, Oregon federal court, asking it to prevent the U.S. fast-fashion chain from marketing and selling apparel bearing “either identical or confusingly similar imitations” of its three-stripes trademark. ...
-
News briefs
The ECF/Cycling Industry Club has received a €2 million subsidy...
The ECF/Cycling Industry Club has received a €2 million subsidy from the European Commission to be spent on a study of the effects of cycling on urban mobility and city-congestion. The announcement was made at the Advocacy Summit in Friedrichshafen on August 27. The meeting was held during the 2015 ...
-
News briefs
After announcing the sale of Camelbak to Vista Outdoor (see...
After announcing the sale of Camelbak to Vista Outdoor (see our previous issue), Compass Diversified Holdings (Codi) reported a net profit of $24,457,000 for the second quarter, more than four times the $5,719,000 profit of the year-ago period, on 6 percent higher revenues of $284.7 million. The main factor was ...
-
News briefs
After announcing the acquisition of Camelbak and Jimmy Sykes, which...
After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end ...
-
News briefs
The renmimbi has lost about 3 percent of its value...
The renmimbi has lost about 3 percent of its value since the People's Bank of China announced a 1.9 percent devaluation against the strong U.S. dollar on Aug. 11, followed by the establishment of a more flexible system to guide the rate from one day to the next. The develuation, ...
-
News briefs
The North Face (TNF) has entered into a four-year license...
The North Face (TNF) has entered into a four-year license deal with Intelligent Fabric Technologies to use ProTX2 in its outdoor apparel, footwear and equipment products. Under the terms of the agreement, TNF will exclusively use ProTX2 in all its products that integrate antimicrobial technologies. The deal also provides for ...
-
News briefs
Skechers USA's performance division will replace Asics as the title...
Skechers USA's performance division will replace Asics as the title sponsor of the Los Angeles Marathon next Feb. 26. The popular race, one of the largest in the U.S. with 22,000 finishers, will be held the day after an Olympic marathon trial over a different course in the same city. ...
-
News briefs
Under Armour has signed a multi-year global partnership deal with...
Under Armour has signed a multi-year global partnership deal with the National Basketball Association (NBA) focusing on the youth market. The brand has become the title partner of the NBA Draft Combine and presenting partner of the Jr. NBA, the league's youth basketball program. In addition, Under Armour and the ...
-
News briefs
Puma has launched its second “Forever Faster” campaign ahead of...
Puma has launched its second “Forever Faster” campaign ahead of the current World Athletic Championships in Beijing. The international multi-media campaign focuses on training. It utilizes endorsing athletes like Usain Bolt and Sergio Aguero as well as the Cuban boxing team, the Arsenal football club and Rihanna to support the ...
-
News briefs
Adidas and Manchester United have declared that the launch of...
Adidas and Manchester United have declared that the launch of the team's new kit has been the most successful in both the club and the brand's history. The German sporting goods giant replaced Nike as the team's kit supplier on Aug. 1, after signing a ten-year, $1.28 billion partnership deal ...
-
News briefs
Adidas has agreed a three-year partnership deal with the Chinese...
Adidas has agreed a three-year partnership deal with the Chinese education ministry to support the growth of football at grassroots level across the country. The program will involve 20,000 primary and middle schools and train 50,000 teachers. Adidas will also fund summer football camps for more than 400 students. The ...
-
News briefs
JD has signed a two-year stadium partnership deal with Crystal...
JD has signed a two-year stadium partnership deal with Crystal Palace FC. In the past season, the south London football club secured its highest finish in the English Premier League's top ten clubs. At the first home match against Arsenal on Aug. 16, fans could see a JD promo team ...
-
News briefs
Pep Guardiola has signed a personal endorsement deal with Gore-Tex...
Pep Guardiola has signed a personal endorsement deal with Gore-Tex as brand ambassador. The Spanish football coach, who is currently the trainer of FC Bayern München, will represent the Gore-Tex brand and Gore branded apparel and footwear globally for the next four years. During this period, Guardiola will also be ...
-
News briefs
Craft has signed a five-year deal to become the new...
Craft has signed a five-year deal to become the new official partner and clothing supplier to the Swedish athletics national team. The team was set to wear the new Craft collection for the first time at the current World Athletics Championships in Beijing. After focusing traditionally on winter sports, Craft ...
-
News briefs
Sport 2000 International and Adidas have been running since Aug....
Sport 2000 International and Adidas have been running since Aug. 1 an exclusive marketing campaign on Youtube to introduce the brand's X and Ace series of football boots, pushing traffic and sell-through of the products to the specialist dealers affiliated with the group.
