Latest Headlines – Page 218
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Two top managers leave UA for Nike and TNF
Adrienne Lofton, who has served at Under Armour for the past nine years as senior vice president and global head of brand management, is leaving the company to join Nike, according to a report in Adweek, partly confirmed by a posting on Instagram. Her future responsibilities have not been spelled ...
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Pentland appoints new top managers
Pentland Brands appointed last month three directors to head up its Team Sports business, which includes Canterbury and Mitre, as well as for Berghaus and its fashion footwear licenses, Ted Baker and Karen Millen. They all report to Andy Long, chief executive of Pentland Brands, who has been intent on ...
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BasicNet’s net profit jumps by 87%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands, reported aggregate sales of their products by its global network of licensees of €398.8 million for the first half of 2018, up by 7 percent at current exchange rates and by 10.1 percent in constant currencies ...
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Mixed performance for Amer Sports
Weaker demand for ball sports products and fitness equipment from the Amer Sports group led to a dip in sales and an operating loss in the seasonally small second quarter, but its sales in the second half should be supported by a double-digit hike in orders of winter sports equipment, ...
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Another stellar quarter for Callaway
After a strong first quarter, Callaway Golf Company posted record results for the three months ended June 30. In particular, Ebitda soared by 62 percent from to the prior year's quarter to $85 million. The company said the international business remained strong, with all major regions reporting significant sales growth and ...
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Irons and wedges boosts Acushnet’s revenues
Supported by increased sales of Titleist golf clubs - with higher sales volumes for irons and wedges - Acushnet's sales reached a total of $478.1 million in the second quarter, up by 11.7 percent from the year-ago quarter and by 9.0 percent in constant currencies. Titleist golf balls also performed ...
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Shimano’s profits soar
After a difficult 2017, Shimano performed better in the first half of 2018, with profits rocketing by almost 50 percent. The company said that personal consumption trends across most of its markets were generally positive, and Shimano took advantage of them by trying to attract consumers with a stream of ...
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Dorel Sports improves in the second quarter
Improved weather conditions and the introduction of new bike models by Cannondale and GT Bicycles helped Dorel Sports to record a 7.4 percent sales increase for its continuing operations to $224.5 million in the second quarter of this year, with growth of 6.5 percent in local currencies.Recovering from a poor ...
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Brunswick sees fitness margins shrink to 5.7%
Brunswick Corporation continued to focus on stabilizing the operating performance of its fitness segment, which it wants to divest. It is also developing new initiatives in the digital space that are receiving growing acceptance, such as its recently announced technology-enhanced partnerships with Apple, Retro Fitness and Orangetheory Fitness.Mentioning steady market ...
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The mass channel boosts Nautilus’ retail sales in Q2
Driven by double-digit expansion in the mass retail channel, Nautilus' sales in the retail segment improved by 5.7 percent from the year-ago quarter to $39.2 million. The growth in the retail channel helped offset weakness in the direct commercial and specialty channels, and led the fitness equipment company to raise ...
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A bigger loss for Fitbit on 15% lower sales
The net loss of $118.3 million booked by Fitbit for the second quarter of this year was more than double as high as the year-earlier loss of $58.2 million, as the company's shift from wrist trackers to smartwatches has not yet been completed. Strong sales of its new Versa smartwatch ...
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GoPro sees profits on the horizon
GoPro reported a net loss of $37.3 million for the second quarter, up from $30.5 million in the same period of 2017, and the gross margin fell by 6.1 percentage points to 29.5 percent. However, the management said it expects to generate a profit in the second half of this ...
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Garmin’s fitness segment sees sales rocket
Garmin's fitness segment had a stellar second quarter, with a 24 percent increase from the year-ago quarter to $225.1 million In contrast, sales in Garmin's so-called outdoor segment improved by 4 percent to $201.6 million with all product categories contributing to the growth. The gross margin in this segment declined ...
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Champion grows strongly
The Champion brand rose by 18 percent in the second quarter globally, with growth of 16 percent in constant currencies. Without giving a specific figure for the revenues generated by the brand, the management of its parent company, Hanesbrands, confirmed its goal of reaching annual sales of $2 billion with ...
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Moncler posts double-digit sales and profit increase
Moncler posted consolidated revenues of €493.5 million in the first half of 2018, up by 21 percent at current exchange rates as compared to the first half of last year. On a currency-neutral basis, Moncler's growth reached 27 percent. The turnover was lifted by the group's sales in Asia, which ...
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Deckers posts record sales, aided by Hoka
Led by a strong performance by Hoka One One, Ugg and Teva, Deckers Brands posted a strong first fiscal quarter, with revenues reaching a record high of $250.6 million, up by 19.5 percent from the same quarter last year. On a constant currency basis, sales increased by 17.6 percent.Revenues from ...
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Adelis buys Didriksons
Didriksons has been taken over by Adelis Equity Partners, an investment fund that acquired a majority stake in the Swedish rain and functional apparel brand from another fund managed by Herkules Capital.The price was not disclosed. Based in Norway, Herkules bought its majority stake in Didriksons four years ago and ...
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New tax on bicycles sold in Russia
Russia's Industry and Trade Ministry is seeking to subject bicycles, both imported and those manufactured in the country, to a so-called utilization fee starting from Oct. 1, 2019. The rate of the new tax is yet to be discussed with the Nature Ministry, said the press office of the Industry ...
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SDI moves ahead with store upgrades
Sports Direct International (SDI) says that its strategy to upgrade its stores is paying off, as its underlying operating profit strongly outpaced its sales increase for the full fiscal year to April 29.The British sports retailer's turnover was up by 3.5 percent to £3,359.5 million (€3,752.3m-$4,393.4m), amounting to an increase ...
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XXL's strong growth puts pressure on margins
Thanks to new store openings and a sunny spring in the Nordic countries, XXL ASA recorded strong growth in the second quarter. However, the higher expenses needed to support its growth and foreign exchange rates negatively impacted margins.The company indicated that its main markets responded well when spring weather finally ...
