Latest Headlines – Page 239
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Acushnet lowers its full-year sales guidance
Acushnet has revised down its sales guidance for the full year following a drop in revenues for the second quarter of 2017, mainly caused by weak sales of Titleist golf balls and clubs. Sales were down by 7.6 percent to $428 million, or by 6.6 percent on a constant-currency basis. ...
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Fila moves upmarket, becomes more profitable
Ten years after acquiring the brand, Fila Korea and its licensees around the world are trying to position the former Italian brand in a higher segment of the sports lifestyle market, notably by banking on its heritage through collaborations with designers and celebrities like other big brands of sports shoes. ...
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Lululemon’s results top expectations
Lululemon Athletica continues on its upward trend, bouncing back from a difficult 2016, with results for the three months to July 30 largely exceeding analysts' expectations. Due to the reorganization of its Ivyva business, net earnings declined by 9.1 percent to $48.7 million, still exceeding the level that analysts had ...
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Shoe production drops, sales rise at Yue Yuen
Despite a decline in production volume and average prices, Yue Yuen Industrial has raised its turnover by 3.9 percent to the equivalent of $4,448.2 million for first half of this year, supported by a slight increase in athletic shoe sales and the expansion of its Chinese retail business.Yue Yuen's footwear ...
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Alibaba posts better-than-expected results
The Alibaba Group reported better-than expected revenues for its first fiscal quarter ended June 30, thanks to a strong performance in China. Its total sales increased by 56 percent over the year-ago quarter to 50,180 million yuan (€6.4bn-7.5bn). The Thomson Reuters' consensus was RMB 47,700 million (€6.1bn-$7.2bn).The company's operating margin ...
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More respect for IP rights in China
Just as the U.S. Administration opened an investigation into China's protection of U.S. intellectual property rights, New Balance won a case in a Chinese court in Suzhou against three defendants accused of manufacturing and selling shoes with copies of its slanting N logo. Recognizing the “unique decoration rights” held by ...
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Li Ning continues to improve
After its return to profit from continuing operations last year, Li Ning Company continued to rebound with a significant improvement in the performance of its stores for the first half of this year.The Chinese sports company's sales moved up by 11.1 percent to 3,996.0 million yuan renminbi (€508.3m-$599.8m) for the six ...
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Xtep sees sales and earnings dip as it restructures
Xtep's sales were down for the six months to June 30, as the Chinese company restructured its business to focus more on functional products and profitable distribution, contributing to improving the gross margin.The company said it has streamlined the management of its operations in terms of product development, branding, marketing, ...
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361 Degrees posts a 22.5% Ebit margin
361 Degrees, which has recently entered the European market, saw its gloabl revenues for the first six months of the year rise by 9.5 percent over the year-ago period to 2,791 million yuans renmimbi (€355.4m-$419.0m).The Chinese sportswear manufacturer said it benefited from higher orders placed at its own trade fairs ...
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361° expands in Europe
Founded in 2003, the Chinese sports brand has already become the No. 2 sports brand in Asia. It still has a minimal presence in Europe, but it is expanding strongly in the specialized running shoe retail market with the help of new agents and distributors. The number of points of ...
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Steady sales for China Dongxiang in China
Despite a sharp decline in Japanese sales under both the Kappa and Phenix brands, China Dongxiang saw its turnover slip by 3.7 percent to 626 million yuan renminbi (€79.6m-$94.0m) for the first half of the year but its profit was pushed up by improved returns from its investment operations.The Chinese ...
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Phenix starts a European office in Switzerland
Phenix, the Japanese skiwear brand taken over by the China Dongxiang Group in 2008, has set up a European office in the Rolle Business Center between Lausanne and Geneva, with a goal of tripling its sales in Europe in the next five years by providing marketing support to existing and ...
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Privatized, Belle will tackle its non-athletic footwear business
Belle International Holdings, the big Chinese retailer which operates more than 20,000 footwear and sports stores, was delisted from the Hong Kong stock exchange on July 27, after a privatization process that turned Hillhouse Capital Group into the company's majority shareholder.Belle had been listed for about a decade but a ...
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VF Corp. will acquire Dickies
VF Corp. has announced a definitive agreement to acquire Williamson-Dickie for $820 million in cash. A family-owned business, Williamson-Dickie designs and manufactures workwear apparel and footwear, which it sells under a number of brands including Dickies, Workrite and others. The acquisition is expected to be completed in the fourth quarter ...
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Bergans buys an expedition company
Bergans of Norway has established its own expedition company, Bergans Turglede, after the acquisition of Fram Expeditions from its two Norwegian founders, Cecilie Skog and Bjørn Sekkesæter.The new entity will be headed by Sekkesæter as general manager and tour guide. He was already in charge of the management of Fram ...
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Anta reaps the benefits of brand and retail investments
Anta Sports Products is continuing to reap the benefits of its multi-brand and multi-channel strategy, with a sales rise of 19.2 percent to 7,323.2 million yuan renminbi (€930.1m-$1,099.4m) for the first half of this year, fueled by increased demand for running and football products.Due to the expansion of its retail business ...
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Athleisure helps Stella pull off strong results
Stella International saw revenues for the six months to June 30 advance by 5.7 percent to $762.4 million. Volumes also rose, with 27 million pairs of shoes shipped - an increase of 6.3 percent over the year-ago period.The company attributed this performance to increasing demand for “fashion athletic products” and ...
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TNF bets on segmentation and women in Europe
The North Face (TNF) is preparing to more intensely target female consumers in Europe next year, after the integration of the former Lucy brand into the outdoor company's range. Women's products currently make up about 30 percent of TNF's sales in the region across all product categories.VF Corporation, the owner ...
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Decathlon prepares to start over again in the U.S. market
As part of its return to the U.S. market, Decathlon is getting ready to open a store in San Francisco later this year. The front of a former Golfsmith store on Market Street has been covered with a message from Decathlon suggesting an imminent opening, and the company answered a ...
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Go Sport grows briskly
Including franchises and other affiliated operations such as Twinner, Groupe Go Sport raised its total sales by nearly 6 percent to €470 million in the first six months of this year, according to its holding company, Rallye, generating higher operating results for the sixth half-year in a row.Net revenues went ...
