Latest Headlines – Page 222
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Hoka helps Deckers end the year on a high note
Thanks to a strong performance by Ugg and Hoka One One, Deckers Brands posted a stellar fourth fiscal quarter and full year, with revenues and profits beating analysts' expectations.The revenues from the Hoka One One brand jumped by 34.1 percent to $50.4 million for the quarter ended March 31, and ...
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Moon Boot is becoming a lifestyle product
The Tecnica Group is taking its iconic after-ski boot down from the mountains to the city, expanding the range of its styles and positioning the Moon Boot as a premium-priced, contemporary brand of warm and comfortable footwear with an Italian design for young and adult women, a little like Moncler ...
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A new EU study on the broad sporting goods sector
The European Commission has released a 198-page study, titled “Improve Economic and Policy Knowledge in the Field of Sport Related Industries with particular focus on Sporting Goods Sector,” showing among other things that, between 2008 and 2015, all retail and wholesale operations in the sporting goods sector of the European ...
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Canadian Tire agrees to buy Helly Hansen
Helly Hansen is to be acquired by Canadian Tire Corporation (CTC), one of its largest retail partners, in a deal valuing the Norwegian outdoor, skiing and sailing brand at nearly one billion Canadian dollars.The agreement for the acquisition comes less than six years after Helly Hansen was taken over by ...
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Daka splits from Intersport
Intersport is losing its second-largest member in the Netherlands, as Daka Sport decided to focus on its own brand and to quit using the services of Euretco, the buying group that runs the Intersport retail brand in the country, along with Runnersworld and The Athlete's Foot.Daka Sport is a retail ...
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Decathlon enters the Baltics and Kazakhstan
Decathlon has started building its first store in Lithuania – a first step in the pledged expansion of the French sporting goods retailer in the Baltic region. The company laid down the foundation stone of the store in the VNO Business and Trade Park, next to Vilnius' international airport.The store ...
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Head considers making ski products in Ukraine
Head International plans to build a huge factory in Ukraine's Vinnitsa province for the production of winter sports goods, including skis, ski boots and ski bindings, with a total investment of €80 million, according to a statement released by the Ukraine Investment Promotion Office.It's not a done deal, however, according ...
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E-commerce attracts big investors
The fast-moving digital retailing sector, which needs cash to grow, has attracted two very big players at the high and low end of the market.Richemont, which owns brands like Cartier and Chloé, succeeded a few days ago in its bid to take over control of Yoox Net-a-Porter (YNAP) in a ...
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Zalando adds a line of beauty products
Zalando added a line of beauty products from 130 cosmetic and skin care brands to its offer toward the end of the first quarter of this year, accompanied by online tutorials and plans for the establishment of a Beauty Concept Store in Berlin next month. More than 70 percent of ...
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Netshoes invests in its marketplace, after a tough quarter
Netshoes saw the price of its shares plunge by as much as 60 percent in the two days after the Brazilian online retailer reported that its sales increased by 0.8 percent to 396.2 million Brazilian reais (€90.9m-$107.2m) for the first quarter but its loss widened to R$60.3 million (€13.8m-$16.3m), compared with ...
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Sales and profits tumble at Asics, before a predicted upturn
Sizeable sales decreases in the Americas as well as Europe and Japan pushed the turnover of the Asics group down by 9.4 percent in constant currencies for the first quarter, and investments in retailing dragged the Japanese company's income down for the three months.Asics said it has adjusted its five-year ...
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Asics gears up for a recovery in Europe
Asics saw its underlying sales tumble in Europe, the Middle East and Africa (EMEA) for the first quarter, but the company says that the restructuring measures and investments launched last year are starting to pay off.The group's sales in EMEA moved up by of 3.7 percent to ¥28,730 million (€220.8m-$260.5m) but ...
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Mizuno raises profits with low-margin sales cuts
Mizuno's efforts to focus on profitable sales in the Americas and Europe have led to a sales decline of 1.8 percent to 185.4 billion yen (€1.4bn-$1.7bn) for the Japanese brand in the full year until the end of March, but it has apparently worked out in terms of profits.Mizuno's gross profit ...
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Rockport files for bankruptcy
The Rockport Group filed for Chapter 11 bankruptcy protection in a Delaware court yesterday, citing numerous issues including a promotional environment, weak sales at the company's current 22 full-price Rockport stores in North America in recent years and a difficult and expensive separation process from the Adidas Group.A private equity ...
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Vans is still driving VF Corp’s growth
The Vans brand continues to lift VF Corporation's results. The brand's sales for the three months ended March 31 jumped by 45 percent in dollars and by 39 percent in local currencies, with balanced growth across regions and channels. In reported dollars, Vans' turnover was up by 53 percent from ...
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Wolverine reinvests its improved margins
Wolverine Worldwide reported a record net profit of $46.7 million for the first quarter ended March 31, up from $16.7 million in the year-ago period, thanks in part to lower taxes and a foreign exchange gain of $8 million.Sales declined by 9.7 percent to $534.1 million, but they were up ...
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Crocs raises guidance after strong Q1 results
Crocs said its results for the first quarter exceeded its own guidance and financial analysts' projections, with the spring/summer 2018 collection being well-received, with the launch of LiteRide - a range of athleisure shoes with light materials - surpassing its own expectations. This led the company to raise its guidance ...
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Champion targets $2 billion in sales
Champion is targeting a sales rise from about $1.4 million in 2017 to more than $2 billion by 2022, investors heard last week at an event held by Hanesbrands, the U.S. company that bought Champion Europe in June 2016.The expansion should be driven by Champion's appeal as a sports fashion ...
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Clarus records better-than-expected sales
Clarus Corporation, the parent company of Black Diamond and Sierra Bullets, posted revenues for the first quarter that exceeded analysts' expectations, led by its ammunition and apparel segments.The group paid $79 million last September for Sierra Bullets, a highly profitable U.S. firm whose proprietary manufacturing process is said to give ...
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Fishing lifts Johnson Outdoor's sales
A strong performance by new products released in its fishing segment helped Johnson Outdoors post double-digit growth in sales for its second fiscal quarter ended March 30.The management said its focus on consumer-driven innovation drove growth. However, it added that the negative impact on distribution channels from tough market conditions ...
