Latest Headlines – Page 206
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Foot Locker moves Lew Kimble back to Asia
Foot Locker has announced a realignment of its operating model into three geographic regions: Europe, Middle East and Africa (EMEA), Asia-Pacific and North America. In redistributing resources among the company's international businesses, the move will support a primary goal, which is to expand business in Asia.In February 2018, according to ...
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Strong year-end finish for Puma
A 20.1 percent currency-neutral jump in its revenues in the fourth quarter led the Wild Cat to book a 17.6 percent increase for the full 2018 financial year, building up to a total turnover of €4,648 million. Translated into dollars, the annual tally of $5,223 million came just above that ...
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Marketing and products
Together, marketing and retail investments absorbed 20.0 percent of Puma's total turnover last year. The marketing spend was kept at between 11.0 and 11.5 percent of sales, and Puma has launched new initiatives on this front as sales have been accelerating. In commenting on the strategies behind its results last ...
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Focus on Asia
Puma's sales grew last year by 9.4 percent to €1,800.3 million in the EMEA region, with an increase of 11.4 percent in local currencies. The biggest growth rates were recorded in France, Spain, the U.K., Russia and Turkey.In the Americas, sales went up by 7.9 percent to €1,612.5 million in ...
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A cautious outlook
Following its traditional conservative tone, Puma is forecasting an increase of only around 10 percent in constant currencies for the present year, although its year-end inventories have gone up at a higher rate in view of higher orders for the first quarter. A stronger momentum is expected in the third ...
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Better-than-expected results for Under Armour
Boosted by strong international sales and a vast restructuring plan undertaken in 2017 after a series of weak results, Under Armour is turning around, posting results for the fourth quarter that topped its own guidance.The company identified cutbacks and investments that raised restructuring and related charges to $183 million throughout ...
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Asics had a tough year
Asics' global sales fell 3.4 percent to 386.6 billion yen (€3.1bn-$3.5bn) in 2018. The operating margin declined to 2.7 percent from 4.9 percent in the previous year, and extraordinary costs led the company to suffer a ¥20.3 billion loss (€162.1m-$182.0m), compared with net earnings of ¥12.9 billion in the prior ...
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Asics appoints new managers in Europe and the U.S.
The weak results prompted the group to introduce a new, category-led organizational structure with new managers in the EMEA region for Running, Core performance sports and Sport style. The management hopes this will also create greater alignment and efficiency through a more consolidated commercial structure.The new European category organization will combine ...
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Skechers passes the $1 billion quarterly mark
Fueled by its uninterrupted international growth, Skechers has reported a sales increase of 11.4 percent to $1,080.8 million for the fourth quarter ended on Dec. 31, including a gain of 13.7 percent in local currencies. While the company's total wholesale and retail sales outside the U.S. went up by 17.9 ...
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L-Fashion breaks up with Li-Ning, takes over Dachstein
The L-Fashion Group has agreed to stop distributing the Chinese sports brand in the 11 European countries covered by a contract from the end of this year, says Vesa Luhtanen, chief executive of the Finnish-based company, confirming in part a report in sport-guide.com. The agreement with Li Ning Company, which ...
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Powered by Peak Performance, outdoor lifts Amer’s results
The Outdoor segment of Amer Sports, which also includes winter sports equipment and sports instruments, had the strongest performance in the group during the critical fourth quarter. Segment sales grew by 14 percent in euros to €574.0 million and by 13 percent in local currencies, generating 6 percent higher adjusted ...
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Ball sports and fitness performed less well
In terms of local currencies, quarterly sales increased by one percent in Amer’s Ball Sports division, led by Wilson, and by 9 percent in the Fitness division, led by Precor. In reported euros, the Ball Sports segment grew by just 3 percent to €167.7 million in the fourth quarter. It ...
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A stellar year for Columbia
Columbia Sportswear managed to pull off record results for 2018, while making substantial investments in demand creation and other strategic priorities. The growth was broad-based across its brand portfolio and geographic regions, with improvements in both the wholesale and direct-to-consumer (DTC) distribution channels.In the seasonally important fourth quarter, the company's ...
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Record results for Callaway despite a difficult 4th quarter
Callaway Golf Company had one of its best year ever in 2018, posting record sales and strong increases in profits in spite of a weak fourth quarter, which was due essentially to a temporary lack of new products.Helped by the acquisition in August 2017 of TravisMathew, which added incremental sales ...
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Canada Goose raises guidance, but labor costs increase
Canada Goose has upgraded its guidance for the full financial year after reporting stronger-than-expected results for its third quarter ended Dec. 31. It now predicts that its total revenues will increase in the mid-to-high thirties on a percentage basis, instead of a previous forecast increase of at least 30 percent. ...
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Positive results for Shimano, especially in Europe
Thanks to robust sales of components for e-bikes in Europe and strong sales of fishing products globally, Shimano recorded very good results for 2018, with profits soaring. For the year ended Dec. 31, Shimano's sales rose by 3.6 percent to 348,035 million yen (€2.8bn-$3.1bn), while the gross margin dipped by ...
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Strong profits and organic growth for Rapala
Rapala VMC significantly improved its organic growth and earnings in 2018, driven by strong demand in North America and successful performance improvement initiatives in Europe. The Finnish-based company's sales were up by 3.6 percent from the previous year to €262.4 million, or by 6.9 percent on an organic basis. Operating ...
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Johnson Outdoors posts lower sales
After a strong fiscal year 2018, which saw record sales led by demand for new products, Johnson Outdoors had a difficult act to follow: the company posted lower sales for its first fiscal quarter ended Dec. 28, 2018. The management said it is building momentum behind a new product line-up, ...
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GoPro returns to profits
Thanks to strong demand for its new Hero7 Black action camera, GoPro has managed to return to profits after many quarters of losses. Its net income reached 31.7 million in the three months ended Dec. 31, 2018, compared with a net loss of $42.3 million in the year-ago quarter. The ...
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Mysteries surround X-Technology
X-Technology Swiss, the company behind the X-Bionic and X-Socks ranges of performance sports products, is changing hands, but the identity of the new owner could not be determined at the time of going to press. Company officials said at the Ispo show in Munich two weeks ago that he is ...
