Latest Headlines – Page 240
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Adidas charges ahead
While two leading rivals are cutting back and rejigging their organization, the Adidas Group continued to charge ahead with sharp gains in sales and adjusted operating profit for the second quarter, spread across all markets other than Russia.The group had already made it clear through an upgraded guidance last month ...
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Under Armour restructures
Under Armour is preparing to cut about 2 percent of its workforce as part of a restructuring plan that is meant to align its resources to market developments, and particularly the brand's sluggishness in North America.The move is strongly reminiscent of the cutbacks launched a few weeks ago by the ...
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International fuels Under Armour’s sales
Under Armour unveiled its latest restructuring plans as it reported a sales rise of 8.7 percent to $1,088.2 billion for the second quarter, up by 8 percent in constant currencies. The increase was entirely driven by international markets. Sales in North America were nearly flat, up 0.3 percent to $829.8 ...
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Asics reports mixed sales globally
Asics Corporation saw its sales dip by 3.3 percent to ¥203,735 million (€1,583.6m-$1,858.5m) for the first half of this year, off by 2.4 percent in constant currencies, as declines in Europe, the Americas and Japan could not be compensated by increases in other Asian countries.The six-month period was marked by retail ...
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Wolverine sells Sebago to BasicNet
BasicNet, the Italian-based licensing company that owns Briko, Kappa, Robe di Kappa, K-Way, Superga and other brands, has agreed to acquire the intellectual property rights and other assets of Sebago from Wolverine Worldwide.The asset deal has been valued at €14.2 million, excluding acquisition costs. To help finance it, BasicNet has ...
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Wolverine beats forecasts, raises outlook
Wolverine Worldwide has reported net income of $20.7 million for the 13 weeks to July 1 as compared to $24.0 million in the 12 weeks ended on June 16 last year. The extra week, added through a change in the financial calendar, helped the group to improve total revenues by ...
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BasicNet grows nicely, except in Italy
The parent company of Briko, Kappa, Robe di Kappa, K-Way, Superga and other brands has reported an increase of 3.5 percent in total wholesale-equivalent sales to €372.9 million for the first six months of this year, driven by a 6.2 percent increase to €207.4 million in its foreign licensees' sales. ...
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Callaway raises sales, buys Travis Mathew
Callaway Golf Company is on an expansion drive, with an agreement to buy Travis Mathew and sizeable gains in sales and operating profit for the second quarter, which encouraged the company to raise its sales guidance. Earlier this year the group bought Ogio International, a brand of golf bags and ...
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Walmart heirs buy Rapha
After much speculation Rapha said that RZC Investment, a private equity firm established by two heirs of the Walmart retail empire, had acquired a majority stake in the British cycling apparel brand. It had been owned since its inception by its founder, Simon Mottram, and a group of shareholders led ...
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Dorel Sports earns more despite sharply lower sales
Dorel Sports recorded a sharp decline in revenues for the second quarter, with sales tumbling by 11.6 percent from the year-ago quarter, down to $209.1 million. However, the bicycle group managed to improve earnings thanks to the implementation of cost-cutting measures.Organic revenues fell by 13.4 percent when removing currency fluctuations ...
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Crocs’ profits rocket
Crocs saw its net income jump by 54.7 percent to $18.1 million for the second quarter, largely due to efforts to cut expenses and avoid discounted sales.Revenues were down by 3.3 percent from the year-ago quarter to $313.2 million, or by 2.7 percent on a constant-currency basis. This was at ...
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Canada Goose posts losses on 80% higher sales
Canada Goose saw revenues jump by 79.6 percent in the first quarter of its current fiscal year through June 30, with revenues reaching 28.2 million Canadian dollars (€18.8m-$22.1m). The increase was driven by growth in the direct-to-consumer (DTC) channel and the accelerated timing of wholesale shipments. Nevertheless, the company booked ...
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Higher losses for Black Diamond
Black Diamond reported lower margins and higher operating losses for the second quarter as compared to a year ago, due to a number of factors, but the management remained bullish about the balance of the year, due to many new product introductions, supported by higher marketing spend. Sales went up ...
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Johnson Outdoors posts record-high profits and revenues
Johnson Outdoors reported double-digit growth in sales for its third fiscal quarter ended June 30. Strong demand for new products drove significantly higher volumes and a nearly three-fold increase in net income compared with the year-ago quarter.Revenues jumped by 11.0 percent to $155.3 million in the quarter. They were boosted ...
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Mixed results for Newell
In the second quarter of the group's financial year, ended June 30, sales declined by 2.1 percent on a comparable basis in Newell Brands' Play segment, which comprises the brands formerly included in the Outdoor Solutions division of Jarden Corp. except for Marker, Völkl and other winter sports brands.The winters ...
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Outdoor drives Garmin’s results
Garmin raised its full-year guidance after posting earnings for the second quarter that exceeded its expectations, rising by 6.1 percent over the year-ago quarter to $171 million. On an adjusted basis - which excludes the impact of foreign currency gains and losses and certain income tax items - profits inched ...
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GoPro sees the light at the end of the tunnel
GoPro's shares jumped by 21.3 percent after the company announced that it expects fewer losses for the third quarter, following better-than-expected results for the second quarter. It also revealed that it is on track to launch the latest version of its flagship camera for the holiday season.As previously reported, GoPro ...
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Fitbit posts better-than-expected results
Fitbit recorded significantly lower revenues and profits for its second quarter ended on July 1 than in the year-ago period. However, they slightly exceeded the company's own guidance. This, and the announcement that Fitbit's first smartwatch would be arriving in time for holiday selling, sent shares up by more than ...
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Nautilus posts another weak quarter
After a difficult first quarter, when profits slid by almost 38 percent, Nautilus posted another set of disappointing results for the second quarter, as continuing weak sales of the TreadClimber within its direct business segment offset strength in its retail segment. Net income dropped by 29.5 percent to $2.5 million ...
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DuPont unveils its new Intexar technology for connected garments
DuPont's Advanced Materials division showcased its newest smart clothing technology at the latest Outdoor Retailer (OR) Summer Market, which took place in Salt Lake City on July 26-29. The company unveiled a new technology called Intexar, which is said to enable an easy transformation of regular fabrics into connected garments.DuPont ...
