Latest Headlines – Page 235
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Wolverine quantifies its gains from divestitures
Like other companies involved in the outdoor sector, Wolverine Worldwide is trying to maximize margins instead of sales to cope with what it calls “the new normal” of slow growth in the outdoor sector.Announcing the completion of the portfolio management initiatives it had planned for the current financial year, Wolverine ...
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Strong growth for the former Black Diamond
Clarus Corp, the holding company previously registered as Black Diamond Equipment, saw sales in the third quarter jump by 16.2 percent to $45.8 million, boosted by the climbing category and the acquisition of Sierra Bullets on Aug. 21, which added $3.5 million to the quarterly turnover. Excluding the acquisition, revenues ...
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Fitbit sees improvements
Fitbit posted a huge loss and a big decline in revenues for the third quarter, in line with expectations. Still, the company said that sales are improving in most regions sequentially and that its first smartwatch, the Fitbit Ionic, has been well received.In the latest quarter, Fitbit's sales were off ...
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GoPro returns to profitability
Following many quarters of financial losses, GoPro experienced a reversal of fortune, posting a net income of $15 million for the third quarter - a sharp improvement from the net loss of $104 million of the year-ago period – as revenues soared by 37 percent to $330 million.The company said it ...
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Garmin raises outlook following strong outdoor sales
Garmin recorded better-than expected results for the third quarter, driven by its outdoor segment, prompting the company to raise its full-year guidance.Sales rose by 2.9 percent from the year-ago quarter to $743.1 million, above Wall Street's average estimate of $721.2 million. The company said it experienced particularly strong demand for ...
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Newell’s sports unit posts a 12.8% Ebit margin
Newell Brands' Play segment, which includes Marmot Mountain and many other outdoor and sports brands inherited from its recent merger with the former Jarden Corporation, generated net sales of $611 million in the third quarter. They were 2.4 percent higher than in the year-ago period, with growth of 2.3 percent ...
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Athletic shoes drive Yue Yuen sales rise
Yue Yuen Industrial saw its turnover move up by 6.7 percent to $6,718.0 million for the nine months until the end of September, driven by an increase in sales of athletic shoes and the group's retail business.The group reported that its sales of athletic shoes jumped by 3.0 percent to ...
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Asics sales under pressure
Asics has seen its sales dwindle in Europe as well as the Americas and Japan in the nine months until September, leading to a substantial decline in profits for the Japanese running specialist.The company's sales landed at 310,292 million yen (€2,351.3m-$2,736.8m) for the three quarters, which was a decline of 0.7 ...
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Kant sets up shop-in-shops in Decathlon stores in Russia
Kant, one of the most respected sports retailers in Russia, will soon have its own branded shop-in-shops in one or more Decathlon stores in Moscow and elsewhere in the country, measuring between 600 and 1,000 square meters. This is a first for both retailers, according to Maxim Vinogradov, general director ...
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Intersport pushes its overhaul and its expansion in Germany and Austria
Intersport is continuing its fast, methodical expansion with the opening of nine new stores in Austria and the unveiling of three new Future Stores in the Berlin area. The Future Stores project marks the launch of a new sales concept by the German buying group, and the new locations will ...
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XXL seeks market leadership in Austria
On Aug. 29, XXL ASA opened its first XXL Sports & Outdoor store outside the Nordic countries, measuring 4,000 square meters, in the Shopping City Süd mall in Vienna. Attracted by strong marketing and promotions, around 13,000 visitors flocked to the store on the opening day, spending about €850,000, said ...
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Sweden and Finland get XXL back on track
XXL ASA experienced strong growth in the third quarter, after a difficult first half of the year, driven by a solid performance in Sweden and Finland. The Nordic sports retailer's total revenues were up by 16.2 percent from the year-ago quarter to 2,417 million Norwegian kroner (€254.3m-$295.8m), and same-store sales ...
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Italy's Cisalfa eyes the stock exchange
The family of Vincenzo Mancini, founder and chief executive of the Cisalfa Sport group, is planning to float it on the Milan Stock Exchange within the next three years, following a major reorganization that has allowed it to regain a certain level of profitability.The flotation would be accompanied by a ...
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Signa Sports assigns Rumerstorfer as new managing director
The Signa Sports Group aims to accelerate its growth and to strengthen the market position of its retail formats by pushing its transformation into Germany's leading multi-channel sports retail platform by appointing Michael Rumerstorfer to the position of managing director. He will be responsible in particular for transfers of technologies ...
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Buoyant quarter for Puma
Puma raised its full-year guidance for the third time this year, as it achieved underlying double-digit sales growth across all regional markets and stronger sell-through in the third quarter, along with robust orders for the fourth quarter. ...
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Further talk about the possible sale of Puma
As expected, Kering declined to comment on its future ownership plans for Puma while discussing the exceptional performance that it had achieved as group in the third quarter, where its total sales rose by 32.3 percent on a comparable basis, driven by its two major luxury goods brands, Gucci and ...
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Nike adjusts its five-year targets
Nike has adjusted its five-year sales target as its expansion in the North American market has been slowing down, but the group provided plenty of details at its investor day last week about ways to expand own retail sales faster and in emerging markets.The adjusted target calls for an average ...
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North America pulls Under Armour down
Revising its targets for the year downward, Under Armour announced a 5 percent overall sales decrease to $1,405 million and a drop of 9.1 percentage points to 4.4. percent in the operating margin for the third quarter. Sales increased at double-digit rates in every region except in North America, where ...
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Under Armour may drop some categories
Under Armour is considering pulling out of product categories that have remained relatively marginal for the brand such as tennis, outdoor and fishing, according to The Wall Street Journal. The planned pullout from the tennis sector would be in contrast with the brand's sponsorship of Andy Murray, the third-ranked male ...
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Skechers posts a stellar quarter, driven by international
Skechers USA reported an exceptionally strong quarter, with revenues for the three months to Sept. 30 hitting a record high. They jumped by 16.2 percent from the quarter a year ago, to $1,095 million, boosted by strong international growth, especially in China and Europe. In addition, net income rocketed by ...
