Latest Headlines – Page 281
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New products and brand architecture for Gore
W.L. Gore will rearrange its various labels, starting with new clothing items being introduced by manufacturers for the autumn/winter 2016/17 season, in connection with the launch of three new products, Gore Thermium, Gore Windstopper with Insulation and Gore Windstopper for Light Rain Resistance. In the previous issue of SGI Europe, ...
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SDI snaps up Direct Golf
Sports Direct International (SDI), the leading British sports retailer, has taken over the business and assets of of Direct Golf UK, which was put into judicial administration earlier this month following alleged accounting issues. As previously reported, Direct Golf was at the center of a tug-of-war between SDI, which acquired ...
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XXL advances in Sweden and Finland
Fast expansion in Finland and Sweden supported a sharp sales increase in the third quarter for XXL ASA, the leading Norwegian sports retail group. Its turnover was up by 23.8 percent to 1,753 million Norwegian kroner (€185.9m-$204.7m) for the three months, with eight more stores and a sales increase on ...
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Moderate growth for Jarden’s outdoor unit
Jarden Corp. reported a 3.6 percent drop in sales in the third quarter to $654.5 million for its Outdoor Solutions segment, which includes Coleman, K2, Völkl, Marker, Dalbello, Marmot, Berkley, Shakespeare, Rawlings and about 15 other sporting goods brands. Organically, sales rose by 3.7 percent. The segment's earnings inched up ...
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VF’s outdoor and action sports perform well
Double-digit sales expansion for the outdoor and action sports brands owned by VF Corporation supported the company's 8 percent sales rise for the third quarter in constant currencies. They contributed sales of $2,296.5 million, which was an increase of 5 percent in dollars and 13 percent in constant currencies. Their ...
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Strong results at Columbia, except in Russia and Asia
A slump of more than 30 percent in sales to distributors in Europe, the Middle East and Africa hurt Columbia Sportswear's performance in the region for the third quarter. Chiefly attributed to Russia, where Columbia works through Sportmaster, this decline could not be entirely compensated with sales expansion at a ...
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Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the price of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales. As company officials feel that the strength of the dollar will ...
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Deckers hires Stefano Caroti for omni-channel
Stefano Caroti is a seasoned sporting goods industry executive who spent 23 years at Nike and six at Puma, where he served most recently as chief commercial officer. In his previous career at Nike, he ran the company's Italian and German subsidiaries before taking care of footwear and then retail ...
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Kering reports a steady sales rise for Puma
Striving to regain impetus, Puma's turnover increased by 8.3 percent to €918 million in the third quarter, amounting to a rise of 3.9 percent in constant currencies and excluding structural changes. The increase was driven by the footwear category, which has been earmarked by Puma managers as a priority to ...
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Soaring sales, weaker margins for UA
Under Armour's quarterly turnover surpassed $1 billion for the first time in the three months until the end of September. However, investors' reactions were mitigated by the company's weakened profit margins, caused by the increased proportion of footwear in the product mix as well as investments in infrastructure and faster ...
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Skechers’ expansion goes on
A sales jump of 52.9 percent in wholesale revenues outside the U.S. contributed to another record turnover for Skechers USA in the third quarter. The company chalked up sales of $856.2 million for the quarter, an increase of 27.0 percent. The international sales hike was achieved despite the impact of ...
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Basicnet reports continued progress
Further growth in the third quarter has led Basicnet to report a 14.1 percent increase to €405.6 million in aggregated sales, which include those of its licensees for Kappa, Robe di Kappa, K-Way, Superga and other brands. On a constant-currency basis, sales rose by 8.6 percent during the nine-month period.At ...
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Anta invests in Chinese football
Anta Sports, the leading Chinese sports brand, wants to turn global football into one of the most important categories for its development in the coming years. It has adopted a “Play is All” strategy that ranges from the development of adjusted products for China's young players to increased investments to ...
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Belle sees China's sports market improving
While noting a significant improvement in the overall sporting goods market in China since the beginning of 2014, thanks especially to higher levels of sports participation, Belle International has reported increases of nearly 4 percent in sales as well as operating and net earnings for the first half of this ...
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Callaway raises its guidance after a robust quarter
Callaway has raised its sales and earnings guidance for the full year after a robust third quarter. The Californian golf company suffered from weaker sales in several Asian and European markets but again claimed gains in market share.Callaway's sales increased by 4 percent to $175.8 million for the quarter, and ...
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Strong results for Shimano
In the first nine months of this year, Shimano experienced double-digit increases in sales and profits for its two main segments, due in part to the depreciation of the yen. The results were stronger than expected in the third quarter.For the nine-month period, sales of bicycle components went up by ...
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Rapala makes a pause in the quarter
Rapala VMC's sales increased by 3 percent to €218.6 million in the nine months ended Sept. 30, up by one percent in constant currencies, but they fell by 5 percent in the third quarter, both in euros and in local currencies, due primarily to timing issues in the U.S.Consequently, operating ...
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Garmin is hit by currencies
Fitness-related devices generated a sales increase of 23 percent to $143.2 million for Garmin in the third quarter, nearly making up for declines in other product categories, from outdoor to automotive and aviation, while marine sales were flat.The group's sales slipped by 4 percent to $679.7 million for the quarter. ...
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USB buys Nathan Sports
Nathan Sports, a brand specializing in athletic hydration and performance gear for runners, has been acquired at an undisclosed price by United Sports Brands (USB), the American group that resulted from the merger earlier this year of Shock Doctor Sports and McDavid. USB said its resources would support Nathan's expansion ...
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A new joint industry initiative on labor standards
A group of some of the world's biggest sports and outdoor brands, along with retailers, NGOs and industry groups, have launched the Social and Labor Convergence Project, a collaborative initiative aimed at developing a standardized methodology for social and labor performance assessment in the global apparel and footwear manufacturing sector.Among ...
