Latest Headlines – Page 316
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Acushnet plans an IPO
Fila Korea plans to raise its stake in Alexandria Holdings, which controls Acushnet, from 47.9 percent at the end of last year to 59.7 percent in 2016. As Acushnet is looking at a possible stock market listing in 2016 or thereafter, Fila Korea's stake would decline to about one-third after ...
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Yuen Yuen strike settles down
The latest, sketchy reports from the area indicate that the dust is settling on the bitter labor dispute that led thousands of workers to go on a huge strike for more than ten days last month at a couple of factories run by Yuen Yuen, the world's largest shoe manufacturer, ...
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SDI gains full control over Eybl
Sports Direct International (SDI), the big U.K.-based sporting goods retailer and wholesaler, now owns 100 percent of the shares of Sport Eybl & Sports Experts, the troubled Austrian sporting goods retailing group. It acquired a majority stake of 51 percent last summer, while the founding Eybl family retained the remaining ...
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Sports Direct improves results
In a preliminary report, Sports Direct International has announced that its sales went up by 10.3 percent in the nine weeks ended March 30, reaching £360 million (€438.85m-$610.70m), while the group's gross profit rose at a higher rate of 11.5 percent to £147.0 million (€179.19m-$249.37m), delivering a gross margin of ...
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Good figures from Basicnet
The aggregate revenues of Basicnet and its licensees improved by 4.15 percent to €116.5 million in the first quarter of 2014, driven by increases of 43 percent for K-Way and 34 percent for Superga.Including the revenues from other brands such as Kappa and Robe di Kappa, they remained virtually stable ...
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Strong growth for Under Armour
The growth in Under Armour's sales accelerated to 36.0 percent in the first quarter of this year, with increases of 33 percent in apparel, 41 percent in footwear, 43 percent in accessories and 79 percent in the company's international business. However, the company's revenues outside the U.S. remained relatively marginal ...
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Skechers' momentum goes on
Skechers USA lifted its sales by 21 percent to $546.5 million in the first quarter, with double-digit growth in Europe, Canada, China and other parts of the world. The gross margin improved to 44.0 percent of sales from 42.7 percent a year ago. Operating earnings jumped to $48.2 million, or ...
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New managers for Billabong
Billabong International has appointed a global chief operating officer, Jeff Streader, who will directly report to the group's chief executive, Neil Fiske. One of his tasks is to improve the supply chain, one of the seven strategic areas that Billabong has earmarked in its turnaround program. He will also oversee ...
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Globe will distribute Sweet Skateboards in Europe
Adopting a business model that it has already been using in Australia and North America, Globe International is taking on the distribution of a third-party brand for the first time in Europe. It has agreed to handle the sales of Sweet Skateboards in selected markets, starting with the autumn 2014 ...
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Head halves its quarterly loss
Head raised its overall revenues by 3.5 percent in the first quarter, but translated into euros, the increase amounted to only 1.6 percent. Higher sales of winter sports products were partly offset by declines in all other segments except sportswear, where sales remained stable.The 9.8 percent sales increase experienced in ...
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Jarden performs differently in the U.S. and Europe
Sales declined by 1.6 percent to $684.1 million in the Outdoor Solutions division of Jarden Corp., which comprises some 20 different sports and outdoor brands including the likes of K2, Marker, Völkl and Marmot.Because of a very cold winter, U.S. retailers readily bought the remaining winter products in Jarden's inventories, ...
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Black Diamond grows by 7% in the quarter
Black Diamond Inc. hopes to find a buyer for its backpacks subsidiary, Gregory Mountain Products, before the end of second quarter. The proceeds would be reinvested in its three strategic priorities: the development of apparel, the expansion of Poc Sweden's product range and direct-to-consumer sales. On the other hand, the ...
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Strong results for Shimano
Citing a mild winter and improving economies in Europe as two of the factors, Shimano reported a 20 percent increase in its total revenues to 75.7 billion yen (€538.17m-$744.66m) for the first quarter ended on March 31. This led the company to post a 30 percent higher net income of ¥9.98 ...
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Poor quarter for Rapala
Rapala VMC has reported a 12 percent drop in sales to €66.2 million for the first quarter of this year due to many factors, including exchange rates, which were responsible for half of the decline, and abnormal weather conditions in many countries.Lack of snow in the company's domestic Finnish market ...
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Accell Group announces higher sales and profit
Accell Group experienced a good start to the year, with both turnover and results increasing in the first months of 2014 when compared with the same period of 2013, boosted in particular by the good weather in Europe. Revenues developed positively in most markets. Electrically-assisted bikes continued to enjoy growing ...
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Dorel's profits surge
Dorel Industries experienced a strong start of the year as an early European spring drove recovery and double-digit growth in its bicycle business. The Montreal-based maker of bicycles, car seats and ready-to-make furniture, which reports in U.S. dollars, said it earned US$24.8 million in the first quarter ended March 31. ...
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New president for Life Fitness' parent
Brunswick Corporation has created a new position by appointing Mark D. Schwabero as president and chief operating officer, reporting to Dustan E. McCoy, chairman and chief executive of the group, which owns Life Fitness and many other brands in the Engine, Boat, Fitness and Bowling & Billiards segments. Schwabero has been ...
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More equity for Netshoes
Netshoes, the largest online retailer for sporting goods in Latin America, has received additional equity worth US$170 million in a new round of funding led by Singapore's sovereign fund, GIC Special Investments. Other investors were Temasek Holdings of Singapore, Tiger Global Management, Iconiq Capital and Kaszek Ventures.GIC will have a ...
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Asics revises its selective distribution
The long-awaited decision of the German Cartel Office on Asics' system of selective distribution, notably in regard to internet retailers, is expected to come soon. The antitrust authority has put out a preliminary description of its own point of view, inviting the German subsidiary of the Japanese brand to comment ...
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Team Sportia goes online
A retail member of the recently reorganized Swedish buying and franchising group in Jönköping has launched an e-commerce operation in the country. Complementing its two physical stores in the city, the new teamsportiaonline.se web shop covers fewer categories than the regular Team Sportia store, but offers more items in each ...
