Latest Headlines – Page 246
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Belle’s sports retail business thrives
Belle International suffered a substantial decline in profit for the fiscal year to the end of February but this was chiefly due to sharp declines in sales and margins for its footwear business, while its sports business was on the rise.The group's sales moved up by 2.2 percent to 41.7 ...
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Yue Yuen is more profitable
Net income attributable to its shareholders increased by 30.6 percent to $124.5 million for Yue Yuen Industrial Holdings in the first quarter ended March 31. Even after excluding non-recurring items, it went up by 29.5 percent to $105.3 million.The group's total revenues rose by 3.6 percent to $2,100.8 million, with ...
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Alpargatas' sales decline by 19%
Shares in the Brazilian footwear company fell by 7.0 percent after it announced that its sales in Brazil had fallen by 16.8 percent to 466.1 million reais (€135.7m-$149.8m) in the first quarter. Alpargatas' global revenues, which stem mainly from its Havaianas brand of sandals and a license with Mizuno, were ...
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Vulcabras continues to improve
Vulcabras Azaleia, the Brazilian company that owns the Olympikus brand of sporting goods and three brands of women's shoes, Azaleia, Dijean and Opanka, reported higher sales and profits for the first quarter to March 31, confirming its turnaround.The company's sales grew by 17.7 percent to 295.9 million reais (€85.4m-$95.2m) in the ...
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Moncler posts double-digit sales growth
Moncler reported a 16 percent revenue increase at current exchange rates in the first quarter, with consolidated revenues of €276.2 million in the period, driven by sales in Europe. Tourism to the continent fueled the brand's sales, from China but also Korea and Taiwan, the company said. At constant exchange ...
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Volatility in down prices
Prices for natural down have gone up recently, due to various factors. While admitting that it is always possible that prices may decline after booking, Allied Feathers & Down is recommending earlier planning for down usage to promote greater pricing stability and a fixed price guarantee for the entire season.The ...
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European Commission sticks with selective distribution rules
The Federation of the European Sporting Goods Industry (Fesi) supports the conclusion of a sector inquiry conducted in the last two years by the European Commission into online retailing, which decided not to change the current practices of selective distribution – allowing sports brands to manage their distribution and to ...
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Sales dip after strategic adjustments at Asics Europe
The decision to adjust the distribution of iconic footwear by Asics in European markets has led to an underlying sales decline of 7.5 percent for the Japanese brand in Europe, the Middle East and Africa (EMEA) for the first quarter. But the company points out that it fits with the ...
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XXL posts a loss due to a warm Nordic winter
In contrast with its usual good performance, XXL ASA posted a loss of 8 million Norwegian kroner (€855,300-$933,500) for the first quarter of this year, compared with a profit of NOK 47 million in the year-ago period. The Norwegian sporting goods retailer blamed challenging winter conditions, with limited snow and ...
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Buoyant quarter for Puma
Nearly all European markets contributed to a sharp sales increase at Puma in the first quarter, and a robust appetite for some of the brand's fashion products led to early replenishment.The group's sales were up 18.0 percent to €1,005.1 million, amounting to a rise of 15.4 percent in constant currencies ...
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Volcom doesn’t do as well as Puma, Gucci does better
The strong rebound in Puma's growth helped its controlling shareholder, Kering, to post excellent results in the first quarter. An even stronger contribution came from the bigger luxury goods division of the group, led by a 48.3 percent increase for its biggest brand, Gucci, and the continued strength of Yves ...
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Under Armour grows by more than 50% abroad
As expected, Under Armour reported its first loss since going public, although it was lower than what analysts had expected. It amounted to $2,272,000 for the period compared with a net profit of $19,180,000 in the same quarter a year ago. The gross margin fell by 0.7 percentage points to ...
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Adidas projects continued expansion in China
The Adidas Group is projecting another year of double-digit sales expansion in Greater China as it invests to build up a network of 12,000 Adidas stores by 2020, the company said during a trip to China by Kasper Rorsted, its chief executive since October.The brand currently has more than 10,000 ...
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BasicNet’s brands grow by 4.6%, driven by South America
The owner of Kappa, Superga, K-Way and other brands reported a 4.9 percent increase in aggregate, wholesale-equivalent sales to €198.8 million for the first quarter ended March 31. While its direct sales in Italy declined by 4.6 percent to €37.8 million, the revenues of its foreign licensees went up by ...
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The North Face thrives in Europe
The North Face has been thriving in Europe, the Middle East and Africa (EMEA) in the first quarter, leading to sales growth of 19 percent in constant currencies. But its owner, VF Corporation, was impacted by sluggish sales for Timberland and its jeans brands in a weak U.S. market.The North ...
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Columbia is worried about its U.S. clients
Due to the unstable situation in the U.S. retail market, Columbia Sportswear has slightly downgraded its guidance for the full financial year. It predicts that sales will gain 3 percent and that net profit will range from $192 million to $199 million, compared with sales of $2.38 billion and earnings ...
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Amer ramps up omni-channel investment
Amer Sports is ramping up investments in its omni-channel strategy to deal with changes that have weakened the U.S. market. The group suffered a decline in underlying operating profit for the first quarter and its earnings were hit by unfavorable hedging rates.Heikki Takala, Amer's chief executive, explained in a conference ...
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Lower margins for Brunswick
Represented by Life Fitness, Cybex International and other properties, the fitness division of Brunswick Corp. saw its sales advance by 8 percent to $235.6 million in the first quarter of this year, but they were up by only one percent on a currency-neutral basis.Segment sales outside the U.S. were up ...
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Good growth for fitness in Europe
The number of people who are members of a fitness club grew by 4.4 percent to 56.4 million in Europe last year, according to a study by Deloitte and EuropeActive. The development of the low-cost channel led European fitness studios to book a lower increase of 3.1 percent in their ...
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Shimano sees margins erode
Shimano has reported a 50.1 percent increase in consolidated net income to 9,537 million yen (€78.8m-$85.8m) for the first quarter of this year, but the group's operating income declined by 5.1 percent to ¥15.3 billion (€126.5m-$137.7m), as total net sales declined by 2.7 percent to ¥79.9 billion (€660.7m-$718.9m) during the quarter.The bicycle ...
