Latest Headlines – Page 317
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Nike reports progress in key sustainability areas
Nike managed to reduce its carbon emissions by nearly 3 percent across the whole value chain in its 2012-13 fiscal year from its fiscal 2010-2011 baseline, while its revenues grew by 26 percent over the same period. According to its newly-released FY12-13 Sustainable Business Performance Summary, the company also fulfilled ...
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Business heading north at 361 Degrees
Inventory levels have improved in the Chinese sports market in the first quarter of this year, according to 361 Degrees, which estimates that comparable store sales for the brand's outlets have increased by about 1.8 percent for the period. This compares with a decline of 1.5 percent for the same ...
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Quarterly rally for Xidelong
Exceed Company, which sells the Xidelong brand in China, more than doubled its profits in the fourth quarter of last year as the market situation markedly improved. However, that failed to make up for the paltry performance of the previous quarters, leading to sharp sales and profit declines for the ...
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Hi-Tec swings into fifth decade
Hundreds of guests assembled at the party organized in Amsterdam two weeks ago to mark the forty years of Hi-Tec – one of the few European sports footwear companies that managed to build up a brand with global reach while still under family control.Hi-Tec said it reached flat wholesale sales ...
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Columbia buys prAna
While reporting stellar results for the first quarter (see the next article), Columbia Sportswear announced yesterday the takeover of Prana (the company spells its brand name as prAna), the American brand of lifestyle, yoga, rock-climbing and fitness clothing and accessories, for $190 million.Tim Boyle, president and chief executive of the ...
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Excellent quarter for Columbia, but not in Europe
Columbia Sportswear is upgrading its financial outlook for this year in reporting a 120 percent increase in net income to $22.3 million on 22 percent higher revenues of $424.1 million for the first quarter of 2014.All the geographies delivered double-digit sales growth except for Europe, the Middle East and Africa, ...
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Bernard Mariette takes over Lolë
A group of investors has acquired a stake of around 80 percent in Coalision, the parent company of Lolë, but has not acquired its other major brand, Orage, which has been bought by its founders. Positioned as an outdoor-oriented and yoga-inspired wellness brand for women, Lolë has raised its sales ...
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Canada Goose opens a European office
Canada Goose is making a stronger commitment to the European market by opening an office in London. Located behind Oxford Circus, it will provide marketing support for all of Europe and house the company's new sales team for the U.K. and Ireland. Like three other offices opened in the last ...
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Amer reports good outdoor results
The Winter & Outdoor segment of Amer Sports, which comprises brands such as Salomon, Arc'teryx and Suunto, among others, enjoyed a nice sales increase of 12 percent in terms of local currencies during the first quarter of 2014, with gains of 14 percent in footwear, 21 percent in apparel, 8 ...
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VF’s outdoor brands perform better than expected
VF Corporation has upgraded its sales forecast for Timberland after a very good first quarter in which the brand's sales rose by 12 percent, two percentage points better than the group had expected in February. As for The North Face, its sales went up by 14 percent in the quarter, ...
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Merrell and Europe outperform at Wolverine
Wolverine Worldwide reported yesterday a 2.8 percent drop in its revenues to $627.6 million for the first quarter of its financial year, ended on March 22. However, the management told financial analysts that Merrell grew by a “very strong” double digit during the period, and that the group's overall sales ...
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Sales are off by 11.4% for Lafuma
The Lafuma Group reports a 12.6 percent decline in its total revenues to €53.8 million for the firstg quarter ended March 31, with a drop of 11.4 percent in constant currencies. While sales of camping furniture increased by 3.2 percent to €15.2 million, the newly merged Mountain & Outdoor segment ...
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Higher exports and lower losses for Vulcabras
As we have said before, the devaluation of the real is allowing Brazilian companies to be more competitive abroad. One example is Vulcabras Azaleia, which reported higher exports last year, especially in the fourth quarter, allowing the company to reduce its losses. For the company, which owns the Azaleia, Dijean ...
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Adidas achieves eco-friendly goals earlier
Adidas has just published its 2013 Sustainability Progress Report, where it announces that all the Sport Performance footwear newly created for 2013 used sustainable components such as environmentally-friendly materials. The report is an annual overview of the company's achievements in the sustainability domain and an update on Adidas' 2015 sustainability ...
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Yue Yuen faces strikes and lower margins
Yue Yuen Industrial Holdings, the world's largest footwear manufacturer, is being hit by a growing spiral of strikes at its factories in Guangdong province by thousands of workers and their rising demands for better social benefits and higher wages. The company is one of the major suppliers of Adidas, Nike ...
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Athletic shoes outperform sports clothing in Europe
Like in 2012, sales of sports shoes performed better in Europe than those of sports and leisure apparel last year. According to NPD's online consumer panel, the consumption of athletic footwear grew by 2.9 percent to €9.4 billion in 2013 in the five major European markets last year. It increased ...
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China overtook Japan in 2012 as the #2 market
NPD is also preparing the ninth edition of its annual estimate of the size and growth of the global sports market. It has agreed to share with us the highlights of its eight edition, which covered the market in 2012 and showed that China overtook for the first time Japan ...
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Décathlon’s growth slows down
Oxylane, the French group that owns Décathlon and a few other minor sports retail operations, has reported a 6.1 percent increase in its total revenues to €7.4 billion, slightly below the previous year's growth of 7.2 percent, although it opened more new stores than in the previous year. On a ...
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Mike Ashley loses Elverys bid
Apparently, Mike Ashley's Sports Direct International has lost the battle for the ownership of Elverys Sports, the second-largest sporting goods retailer in Ireland after Lifestyle Sports. The examiner appointed by the High Court to review the various takeover proposals, Simon Coyle, named the management team as the preferred new investor ...
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Ashley sells SDI shares
Meanwhile, Ashley has continued with his wheeling and dealing in the U.K. retail market, acquiring an 11 percent stake in House of Fraser, one of the major British department store chains, from Sir Tom Hunter, the founder of the former Sports Division chain. He did so just before a Chinese ...
