Latest Headlines – Page 214
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Shimano’s profits jump by more than 40%
After a difficult financial year in 2017, Shimano turned things around in the first nine months of 2018, with profits soaring. The company said that it benefited from continued moderate economic expansion in Europe, with higher personal consumption trends backed by improvements in employment and income. Sales were also boosted ...
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The EU imports more bikes from China and Cambodia
The number of regular bicycles imported from China to the European Union continues to rise. For years the number had remained flat at 350,000 to 400,000 units, but 2017 saw a big increase to 635,000 units. Bike Europe noted that by the end of the first half of 2018, imports ...
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Robust quarter for Columbia
Columbia Sportswear has upgraded its guidance for the full year, after broad-based increases in sales and profits for the third quarter.The group's turnover moved up by 6 percent to $795.8 million for the three months, up by 7 percent in constant currencies, with equivalent increases for the apparel and footwear ...
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Vans’ growth in Europe softens
Vans grew by 26 percent globally in terms of local currencies, including an increase of 25 percent in footwear, according to VF Corporation's financial report for the third quarter ended on Sept. 29. Wholesale revenues went up by 23 percent, driven by strong back-to-school performance globally. DTC increased by 29 ...
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VF benefits from acquisitions
VF Corporation reported a 15 percent sales increase to $3,907.4 million in its continuing operations for the third quarter ended Sept. 29, with a 16 percent increase in constant currencies. On an adjusted basis, excluding the acquisition of Williamson Dickie, Icebreaker and Altra, which contributed sales of $324 million during ...
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Timberland trails The North Face
The North Face performed relatively well in VF's second quarter, ended Sept. 9, rising by 5 percent in dollars and by 7 percent in local currencies, aided by double-digit growth in its direct-to-consumer (DTC) business in all regions. In the first quarter, TNF's sales had gone up by only 5 ...
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Foreign markets drive Skechers to new heights
Skechers USA saw its shares rise by as much as 8 percent after posting profits that beat estimates. Although the footwear maker's net income fell by 1.7 percent from the year-ago quarter to $90.7 million, this was significantly higher than the level anticipated by Wall Street. Investors also welcomed the ...
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Deckers raises guidance as earnings rocket
Thanks to continued profitability gains by Ugg and top-line growth by Hoka One One, Deckers Brands raised its guidance for the full year through next March, budgeting higher earnings on sales that should reach a range of $1,935 million to $1,960 million.The group's net earnings for its second fiscal quarter ...
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Moncler records ongoing double-digit growth
Moncler posted consolidated revenues of €872.7 million for the first nine months of 2018, which represent an 18 percent increase compared with the first nine months of 2017, or a 23 percent increase at constant exchange rates. Growth was evident across all markets and distribution channels. Commenting on the figures, ...
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Fanatics boosts management as it internationalizes
Fanatics has continued the strong international deployment of its vertical manufacturing and merchandising model by signing a new long-term partnership with the strong German Football Association (DFB). It will handle the sourcing of a greater range of licensed products for the DFB that will be available to fans all over ...
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Fesi and Fedas work more closely, more actively
The Federation of the European Sporting Goods Industry (Fesi) and the European Federation of Sporting Goods Retail Associations (Fedas) have announced a new cooperation agreement that is meant to further reinforce their ongoing collaboration. The document creates a long-term framework agreement focused on a restricted number of policy areas: digital, ...
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New management for the SGI-DHO
Andreas Rudolf, joint general manager of Sport 2000 Germany, is taking over on Nov. 1 as president of the Sporting Goods Industry Data Harmonization Organization (SGI-DHO), the company that owns the Fedas product classification key (PCK), a six-digit code that is widely used in our industry, mainly in Europe. Rudolf ...
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WFSGI helps cope with labeling problems
After a pilot phase, the World Federation of the Sporting Goods Industry (WFSGI) has launched a digital tool, called the Compliance Labeling Requirements (CLR) Database, to help companies to navigate in the global maze of labeling guidelines. This is because one of the most basic and daunting constraints in doing ...
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Assosport appoints its new president
Assosport, the Italian sporting goods industry association, has announced the election of Federico De Ponti as the new president of the organization. In addition, at the association's general assembly, which was held in Milan on Oct. 25, the winners of the second edition of the Sport Marketing Award were unveiled. ...
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Decathlon moves into Korea and other new markets
A few days ago, the French retail giant opened its first store in South Korea. Before the end of the year, Decathlon will also open its first full-fledged stores in Greece and Sri Lanka. The Ukraine will follow next spring, and there are unconfirmed reports that it is planning to ...
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Norway’x MX Sport chain is shutting down
The fierce competition within the Norwegian sporting goods market and the departure of some of its retail members has proven to be too much for MX Sport. From Jan. 1, 2019, the Norwegian voluntary group will be shutting down its operations, leaving all the 75 remaining affiliated stores without a ...
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New leadership for Intersport Germany
A management consultant, Alexander von Preen, is taking over the position of chief executive at Intersport Germany, the biggest voluntary group in the Intersport galaxy, with retail members running some 900 stores in the country. He is taking the place of Kim Roether, who resigned in June, citing personal reasons ...
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Nike thrives on digital and marketing investments
Abundant investments in digital capacity and marketing have helped Nike to outperform its own projections for the three months to the end of August, with wide-ranging increases in sales and profits.The Nike group raised its quarterly profit by 15 percent to $1,092 million on a sales jump of 10 percent ...
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Bold Nike ad pays off
A bold advertising campaignlaunched by Nike unleashed strong reactions last month, leading to “record engagement” by consumers with the brand, said Mark Parker, the Nike group's chief executive, in a conference call with analysts last week.The “Just Do It” campaign featured Nike endorsees including Colin Kaepernick, the football player who ...
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Under Armour continues staff rejig
Under Armour has reinforced its management team with two appointments, but it has earmarked an enlarged budget for an estimated 400 extra layoffs this year.Under Armour already announced a round of 277 staff cuts last year to shift its resources to more productive areas, such as international expansion and online ...
