Latest Headlines – Page 251
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Puma regains shelf space and a little swagger
On the screen behind Bjørn Gulden were quotes from several influential sports retailers, from Foot Locker to Courir, Intersport and DTLR, all of them gushing about growing demand for Puma products and the brand's regained appeal. The group's chief executive could thus boast that he had moved ahead with a ...
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Sponsoring frenzy at UA
Under Armour announced several new sponsorship deals in Europe in the last few days, but the biggest one has apparently yet to come. The brand is offering to take the place of Adidas as the sponsor of the famous Real Madrid football team for ten years after the present contract ...
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Amer Sports is on track despite short-term delays
The Amer Sports group achieved record sales and profits last year despite a weak fourth quarter, caused by lackluster market conditions as well as delays in product launches.The owner of Salomon, Atomic, Wilson and many other brands saw its sales decline by 1 percent to €772.4 million for the last ...
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René Takens to leave as CEO of Accell Group
René Takens, chief executive of the Accell Group for the last 18 years, will be resigning at the Dutch bicycle group's next shareholders' meeting on April 25. The company that owns brands such as Batavus, Sparta, Koga, Raleigh, Diamondback, Haibike and more, said the decision was taken by mutual consent. ...
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Rossignol diversifies with Felt
The diversification of the Rossignol Group is moving ahead with the acquisition of Felt Bicycles, a California-based brand of road bicycles and related equipment, with global sales of more than $60 million. The transaction, at an undisclosed price, is subject to clearance and expected to be finalized in the next ...
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Tecnica makes progress
The new and more process-oriented brand management structure put in place since last June at the Tecnica Group under the management of Antonio Dus is bearing fruits. The Italian company's operating profit (Ebitda) grew by about 15 percent last year, according to preliminary data, and sales reached a level of ...
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Shimano makes new investments
Shimano's sales dropped by 14.7 percent in 2016 to 323,000 million yen (€2.68bn-$2.86bn), with a strong performance in Europe being offset by weak bicycle sales in Japan. Despite disappointing sales, Shimano said it made “vigorous” investments in its manufacturing capabilities in Japan as well as overseas, in a bid to ...
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Rapala trims its staff
As part of a “strategic update,” Rapala VMC has announced a series of measures intended to improve its operational performance and profitability, after a year in which its sales fell by 6 percent to €260.6 million, with a 5 percent drop in constant currencies, and its comparable operating profit margin ...
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Asics is dragged down by U.S. downturn
Weaker American sales dragged down the turnover of the entire Asics group last year, reducing it by 6.9 percent to 399.1 billion yen (€3.30bn-$3.51bn), although sales advanced in constant currencies in Europe and in Asian markets.The Japanese group's gross profit margin moved up by 1.7 percentage point to 44.2 percent, ...
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Small growth for Asics Europe after distribution cuts
The Asics Group said its short-term performance in the European market was affected by a decision to streamline the distribution of its products in the running category, but the Japanese group still managed a sales rise of 3 percent to €886 million in the Europe, Middle East and Africa (EMEA) ...
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Mizuno’s revenues hit by exchange rates
Unfavorable exchange rates and weak sales in the Americas region have led Mizuno to cut its outlook for its fiscal year ending next March 31. Impacted by the effect of weak currencies in Asia, Europe and the Americas, the company's revenues for the nine months ended Dec. 31 fell by ...
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BasicNet grows, in spite of complex political and economic climate
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has announced its preliminary results for 2016, ahead of the definitive results, which will be reviewed by the company's board on March 22. Amidst an uncertain international political and economic environment, the group posted aggregated sales growth, ...
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Columbia has little growth
The late start of the winter led to weaker than anticipated sales for Columbia Sportswear in the fourth quarter but sales were still up by 3 percent to $717.4 million, which was a rise of 2 percent in constant currencies. The U.S. outdoor group's turnover for the full year reached ...
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Bogner prepares for its digital transformation
Bogner has reported a decline of 6.5 percent to €200 million in total sales, including those of its licenses, for the business year ended last November. In the subsequent three months, sales went up by 5 percent in its physical retail stores and at a double-digit rate online.The German market ...
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Bogner gets a gold award for a n Indigo ski
Bogner was named as one of the winners of the Ispo Gold Award for 2017 for its B-Light VT skis, which has been developed by its German licensee, Indigo, using a new core construction with vertical titanal strings combined with its patented bamboo composite compound.The Bogner line of skis accounts ...
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Rottefella launches first textile collection at Ispo
Rottefella launched its first collection of ski and running apparel for men and women, called “Thermal Bodymapping,” at the Ispo Munich fair. It is a completely new product category for the Norwegian brand of cross-country ski bindings.The collection, which comprises baselayers, midlayers and outer layers, is made by Spectre, a ...
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Odlo shifts focus to sports market and key accounts
Odlo is returning to expansion this year after a strategic shift toward the sports market and direct partnerships with several large-scale sports and outdoor retailers.Christophe Bézu, the former Adidas and Esprit manager who became Odlo's chief executive in 2015, said that the Swiss-based base layer specialist saw its turnover shrink ...
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Fishing boosts Johnson Outdoors' sales
New products for fishing resulted in strong pre-season sales for Johnson Outdoors, boosting revenues for the first quarter of its new fiscal year, ended Dec. 31. The company, which owns a large portfolio of brands including Jetboil outdoor cooking systems and Scubapro diving equipment, saw its total sales gain 9.9 ...
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Newell Brands delivers strong quarter
Newell Brands' sales jumped by 165.0 percent for the fourth quarter of 2016 to $4,136 million, thanks to the recent acquisition of the Jarden Corporation's business. Core sales grew by 2.5 percent, driven by strong results from the Writing, Baby, Home Solutions and Outdoor Solutions businesses, offset by weak sales ...
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Vans and retailing lead growth for VF
Buoyant demand for the Vans brand, robust own retail sales and international markets just about made up for sluggishness in the U.S. market for VF Corporation in the fourth quarter.The group reported flat sales of about $3.3 billion for the quarter, an increase of 1 percent in constant currencies. VF's ...
