Latest Headlines – Page 257
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Fesi acts on integrity and Iran
The Federation of the European Sporting Goods Industry (Fesi) is proposing to open a new workstream on integrity in sports at its next general assembly, due to be held in Rome on Nov. 17 and 18, as part of a new three-year strategic plan.The general assembly will also have to ...
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Wolverine loses sales but improves margins
Our estimates for the rugged outdoor shoe market confirm a previous statement by Blake Krueger, chairman, chief executive and president of Wolverine Worldwide, that the market has entered a phase of slow or inexistent growth, which he called “the new normal.”His statement, which has resonated widely in the industry and ...
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Skechers posts another disappointing quarter
Skechers posted earnings for the third quarter that missed analysts' expectations, despite a new sales record. Net profits decreased by 2.2 percent from the year-ago quarter to $65.1 million, falling below analysts' forecasts. Profits were negatively impacted by foreign exchange losses of approximately $8.1 million. After Skechers reported its results, ...
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Deckers has high hopes for Hoka
Hoka One One started to run again in the second quarter of Deckers Brands' financial year, ended Sept. 30. Hoka's sales jumped by 39 percent, lifted by the successful launch of its Clifton 3 shoe, helping the group's Other category to post a 23.3 percent sales increase to $37.7 million, ...
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Black Diamond is optimistic
Black Diamond reported a minimal increase in sales from continuing operations during the third quarter to $39.4 million from $39.3 million a year ago, up by 3 percent in constant currencies. The gross margin contracted to 31.3 percent from 36.0 percent, due in part to the repatriation of some production ...
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Affected by U.S. retail caution, Columbia rises in Europe
After a small decline in turnover and net income for the third quarter, Columbia Sportswear has adjusted its sales guidance for the full year, estimating that sales should increase by about 4 percent, including less than one percentage point of negative impact from currency exchange rates.The group's sales dipped by ...
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TNF celebrates its 50th anniversary
The North Face is celebrating its 50th anniversary with a new global campaign, the launch of new vintage products and the opening of two special new stores in New York City and San Francisco.Celebrating “50 Years of Madness,” the campaign will showcase athletes sponsored by the brand throughout its history, ...
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Tracksmith makes key hires
Brian Moore, who served as vice president of global footwear for The North Face for four years until last May, has joined Tracksmith, a small but promising American brand of performance running apparel and accessories, as product manager.Founded and run by runners, the brand has also hired a marketing manager, ...
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Newell’s outdoor segment posts a loss
Higher sales for Pure Fishing were more than offset by a sales decline at Coleman during the third quarter, leading Newell Brands to report a 3.2 percent drop on a comparable basis for Jarden Corporation's former Outdoor Solutions segment, excluding the snow sports brands held for sales. Furthermore, Marmot Mountain ...
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Rapala is not doing well
Jussi Ristimäki, the former chief financial officer of Rapala VMC who was recently appointed president and chief executive of the Finnish manufacturing and distribution group, is working on a new strategy and a new action plan to restore sales growth and profitability after a further sales decline in the third ...
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Shimano falls by 15.7% but recovers in Europe
Shimano's sales dropped by 15.7 percent to 241,700 million yen (€2.1bn-$2.3bn) during the first nine months of 2016. The Japanese maker of bicycle components and fishing gear blamed continued high inventories at bicycle distributors in Europe, North America and China, brought on by unfavorable spring weather in Europe and stalled ...
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Luxottica’s wholesale revenues suffer lower sales for Oakley
Sales declines for Oakley and Ray-Ban in North America caused Luxottica's global wholesale revenues to fall by 3.2 percent to €800 million in the third quarter ended Sept. 30, with a drop of 3.6 percent in local currencies. The lower turnover was caused by the introduction in North America of ...
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Uvex focuses on digital
Creating a new position, the German group has appointed a chief digital officer, Olaf Lamberz, to develop new digital processes and business models and to address new target groups in an increasingly complex market. Reporting directly to the group's chief executive, Michael Winter, he will start with Uvex's sports eyewear ...
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Cybex boosts Brunswick’s sales, not its margins
The acquisition of Cybex and ICG allowed Brunswick Corp., parent company of Life Fitness, to boost the sales of its fitness segment by 20.3 percent to $237.0 million in the third quarter, but excluding its takeover, the segment's revenues grew by only 4 percent in terms of constant currencies.Outside the ...
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Nautilus’ sales were up by 14%, but below expectations
Nautilus' third-quarter results missed analysts' forecasts, despite a jump in revenues of 14.3 percent above the year-ago period to $80.8 million – well above the level of $77.8 million predicted by Wall Street. However, the company's net income topped the analysts' consensus estimate, rocketing by 105.4 percent to 7.6 million. ...
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Fitbit cuts sales forecast
After posting two strong quarters earlier this year, Fitbit disappointed investors with weaker-than-expected third-quarter results and a revised-down guidance for the fourth quarter. The shares of the fitness tracking company were trading down about 30.0 percent the day after it cut sales forecasts on Nov. 2.Fitbit officials cited challenges in the ...
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Another tough quarter for GoPro
GoPro has not been able to stop its downward spiral. It another weak quarter with sales for the three months ended Sept. 30 plummeting by 39.0 percent from the year-ago quarter, down to $240.6 million.Revenues for the action-camera company fell across every region: North America, Asia-Pacific and Europe. The management ...
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BasicNet’s sales decline slightly in the first nine months
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has reported aggregated revenues of €556 million for the first nine months of 2016, down from €570 million in the first nine months of 2015. BasicNet's aggregated revenues include its direct sales, mostly in Italy, and those ...
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International powers Sequential’s results
Strong sales by Heelys outside the U.S., along with recent acquisitions and the sales of other brands in its portfolio of licenses, such as Jessica Simpsons and William Rast, helped Sequential Brands Group to book an 83 percent increase in revenues to $42.0 million in the third quarter ended Sept. ...
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Alibaba posts higher-than-expected sales
Alibaba posted sales of 34.3 billion yuan renminbi (€4.6bn-$5.1bn) for the quarter to Sept. 30, representing a 55 percent increase on an annualized basis. For the second consecutive quarter sales exceeded Wall Street's expectations. Income from operations was RMB 9,045 million (€1,201.8m-$1,337.8m) against RMB 6,395 million in the comparable quarter ...
