Latest Headlines – Page 268
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Dorel Sports has a slow start of the year
Dorel Sports reported revenues of $216.5 million in the first quarter ended March 31, down by 5.4 percent from the same period last year. Dorel Sports' brands include Cannondale, GT, Mongoose, Schwinn, Caloi, IronHorse, Sugoi, Fabric and Charge.Organic revenues dropped by about 3 percent, after removing the impact of varying ...
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GoPro’s sales are cut by a half, but top the company forecast
GoPro reported a sales drop of 50 percent for its first quarter ended March 31, as the market for handy cameras has become more and more saturated. Quarterly sales came in at $185.5 million, down from $363.1 million during the same period a year ago. The company reported a net ...
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Yue Yuen posts higher profit and revenues
Yue Yuen Industrial Holdings posted a 3.1 percent increase in revenues to $2,028.3 milliion for the first quarter ended Mar. 31, with a 10.8 percent decline for casual/outdoor shoes that was offset by 5.7 percent higher sales of athletic shoes. The total shoe manufacturing volume for the period rose by ...
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Nike shows progress in sustainability
Nike has released its 2014/2015 Sustainable Business Report, which shows significant progress toward the company's environmental and social targets while setting ambitious sustainability targets for the years to come.Progress toward the 2015 goals include the reduction of carbon emissions during a period of continued growth for the company. Between 2011 ...
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New ZDHC reports highlights the industry’s collaboration
The Zero Discharge Hazardous Chemicals (ZDHC) Foundation has released its 2015 Annual Report, which shows significant progress toward the removal of hazardous chemicals from the global textile and footwear value-chain, thanks to collaboration with the industry. In 2011, six brands joined forces as the ZDHC Group to work together on ...
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Buoyant Adidas group upgrades guidance
The Adidas Group has raised its guidance for full-year sales and profits after a 17 percent sales hike to €4.8 billion in the first quarter, amounting to an increase of 22 percent in constant currencies. Supported by a higher gross margin and operating margin leverage, the group's operating profit for ...
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Puma reinforces retail partnerships
Puma says its sell-through is improving and it has started to regain some prominent shelf space as its sales advanced by 3.7 percent to €851.9 million in the first quarter, with a rise of 7.3 percent in constant currencies and organic growth in all regions and categories.While these increases are ...
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Sales drop at Volcom
Puma's higher sales contributed to a 7.0 percent increase in the revenues of Kering's Sport & Lifestyle segment on a comparable basis. In terms of reported euros, the segment's sales declined by 2.6 percent to €913 million. However, the “Other” sub-segment, which includes Volcom and Electric, saw its reported sales ...
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Puma and Adidas in legal imbroglio around soles and stripes
A court in Düsseldorf has rejected an attempt by Adidas to prohibit the sale of running footwear by Puma with a lightweight and bouncy sole that has some of the same characteristics as the Boost soles of the Adidas brand.Adidas filed for an injunction to halt sales of Puma's NRGY ...
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Under Armour grows sharply
Buoyed by Stephen Curry's performance and demand for his shoes, Under Armour achieved sharp rises in sales and profit for the first quarter, which encouraged it to upgrade its guidance for the full year.Sales leapt by 30.2 percent to $1,047.7 million, with a hike of 32 percent in constant currencies. ...
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Executive reshuffle in the Nike group
Davide Grasso, an Italian native, is to take over as president and chief executive of Converse, as part of a management reshuffle at the Nike group. After more than two decades with the Nike group, the last three as chief marketing officer for the Nike brand, Grasso is taking over ...
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Mixed results at Amer
Affected by unfavorable winter weather, the Amer Sports group's winter sports equipment sales, with Atomic, Salomon and other brands, dipped by 6 percent to €43.4 million for the first quarter, but the entire group's turnover increased on the back of yet another robust rise in apparel and footwear sales.The Finnish ...
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Callaway’s sales decline, not margins
More efficient operations and an increase in average selling prices enabled Callaway Golf to sharply raise its profit margins in the first quarter, although its turnover contracted by 3.6 percent to $274 million, with a decline of 2.6 percent in constant currencies.The Californian golf company attributed the drop in sales ...
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Good start to the year for Accell
Accell Group recorded higher revenues and profit in the first quarter of 2016 as compared to the same period of 2015. This growth was primarily driven by higher demand for electric bikes and sports bikes in the higher price segment. The group's brands include Batavus, Sparta, Koga, Loekie, Ghost, Haibike, ...
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Shimano starts 2016 with sales down 16%
Shimano's sales for the first quarter of 2016 dipped by 16.2 percent compared with the same period last year to 82,169 million yen (€668.9m-$759m). The Japanese maker of bicycling components and fishing gear blamed greater economic uncertainty due to “frequent terrorist attacks” in Europe, hitting tourist numbers, and the cooling ...
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Rapala's sales slow in the first quarter
Rapala VMC posted a financial report for the first quarter of 2016 that was slightly below expectations, noting that the year started slow but did not include any major surprises. Revenues for the world's largest manufacturer of fishing lures were down by 6.0 percent from the year-ago period to €69.7 ...
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Garmin posts strong Q1 results on lower margins
For the first quarter ended March 26, Garmin recorded $624 million in total revenues, up 7 percent over the same period last year, with the fitness and outdoor segments combined contributing 38.3 percent of total revenues. The company ended up with net income of $88.1 million, up 32 percent, in ...
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Buoyant quarter for Skechers ex U.S.
After another sharp rise in the first quarter, Skechers' international wholesale turnover has turned into the largest part of its wholesale business, driving another robust quarterly sales increase and a surge in profits for the American footwear brand.David Weinberg, Skechers' chief operating officer and chief financial officer, said in a ...
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Shoes are counterfeited the most globally
Branded footwear saw the most counterfeits globally each year between 2011 and 2013, says a report published by the Organization for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) on April 18.“Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” analyses almost half a ...
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XXL grows by 23%, moves into Denmark
XXL ASA, the big and fast-growing sports retailer operating in Norway, Sweden and Finland, confirmed that it is preparing to start online sales in Denmark at an unspecified time later this year (see our previous issue), with what XXL describes as “aggressive” pricing and high marketing spend. The Norwegian retail ...
