Latest Headlines – Page 322
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Weak results for Jarden
Jarden Corporation's Outdoor Solutions segment (JOS) had flat sales of $617.8 million in the fourth quarter of 2013, although they went up by 1.7 percent on an organic basis, excluding the impact of foreign exchange rates, acquisitions and disposals.Cold weather in many parts of the U.S. cut the fishing season ...
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Black Diamond’s diversification pays off
Black Diamond Inc. has started to “explore strategic alternatives to monetize the value of untapped markets” for its Gregory Mountain Products business through the Rothschild group, said Peter Metcalf, chief executive of the group, pointing out that this brand is a coveted lifestyle brand in Japan, Korea and other Asian ...
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Anta is recovering
Anta Sports Products could not entirely halt the decline in its sales last year, but the company said that its measures to improve its partnership with retailers had been efficient and that its performance was recovering.The company's turnover reached 7,281.3 million yuan (€869.7m-$1,189.0m) last year, which was a decline of ...
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Sports brands support Belle's margins
Belle International, the mighty Chinese sports and footwear retailer, enjoyed growth in sales and profits last year on the back of acquisitions as well as heightened support from leading international sports brands.The group's turnover jumped by 10.3 percent to just over 36,249 million yuan renmimbi (€4,328.2m-$5,918.5m) in 2013. This included a ...
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Frank Dassler takes over at the head of WFSGI
Frank Dassler, general counsel and chief compliance officer at the Adidas Group, was unanimously elected for a three-year term as president of the World Federation of the Sporting Goods Industry (WFSGI) during the organization's annual assembly just before the recent Ispo Munich fair, as expected.As the representive of Europe, Dassler ...
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Fesi lobbies for action in Brussels
As we have previously reported, the European Federation of the Sporting Goods Industry, Fesi, has become very active in its lobbying efforts in Brussels. A few days ago, it held a couple of important meetings with key personalities of the European Commission and the European Parliament that should lead to ...
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Mixed results for Intersport in Germany
In 2012, the retailers affiliated with Intersport Germany had total sales after VAT of €2.79 billion, representing a slight increase in value of about one percent. On a comparable-store basis, however, their sales slipped by about one percent. In fact, the retailers added or revamped 87 shops, expanding the total ...
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German Sport 2000 retailers book 1.8% lower sales
Sales of the retailers affiliated with Sport 2000 Deutschland dipped by 1.8 percent, down to €1.55 billion after VAT, although the group's centralized invoicing increased by 5.3 percent.Officials of the German cooperative blame aggressive pricing by certain online retailers, among other things. The retailers suffered also from unseasonable weather conditions ...
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Gigasport reports stable sales, works more closely with Sport 2000
Gigasport, the Austrian specialty retail chain owned by the Kastner & Öhler department store group, is projecting flat sales of €210 million for the 2013-14 fiscal year ending Feb. 28. The sporting goods retail chain indicates that it will again book an operating loss in connection with its pull-out from the ...
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Sales and profits accelerate at Amer
Amer Sports raised its sales by 6 percent to €657.4 million in the fourth quarter ended Dec. 31, but they grew by 12 percent on a currency-neutral basis, confirming its focus on the development of the soft goods category with increases of 25 percent in footwear and 21 percent in ...
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Accell sells Hercules
Accell Group is selling its Hercules bike brand to Zweirad-Einkaufs-Genossenschaft (Z.E.G.), Germany's largest retail cooperative. Accell's German brand portfolio includes Winora, Ghost and Haibike. Winora and Hercules tended to overlap, Accell said in a statement, especially in the e-bike range, and the strong growth of Winora led to the decision ...
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Asics’ net profit rises by 19.6%
Asics saw its net profit rise by 19.6 percent to 14.97 billion yen (€107.9m-$146.6m) for the first nine months of its financial year through Dec. 31 as its global revenues for the period jumped by 25.1 percent to ¥238.2 billion (€1,716.8m-$2,333.5m), thanks to a weaker yen and to continued progress in ...
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Asics Europe up by 10%
As usual, Asics Europe is not counting the same quarters as its parent company in reporting some of its sales results. Excluding Haglöfs, its total turnover increased by 10 percent for the nine months ended last Sept. 30, with continued strong growth in running and tennis.Sales of running shoes rose ...
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Mizuno’s net profit jumps by 52.1%
Sales grew by 9.3 percent to 132.2 million yen (€0.95m-$1.30m) for Mizuno Corp. in the nine-month period ended last Dec. 31, with increases of 42.1 percent in Europe, 31.6 percent in the Americas and 0.5 percent in Japan. In local currencies, however, the growth was limited to 20.0 percent in Europe ...
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Shimano makes higher profits
The depreciation of the Japanese yen and growing Chinese demand for sports bicycles helped Shimano to book a 10.2 percent increase in its total sales last year to 271.0 billion yen (€1,954.8m-$2,656.8m), more than offsetting the impact of cold and wet spring weather in all its major markets and higher ...
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Better margins for Rapala
Rapala VMC Corp. reported improved profits for the fourth quarter of 2013 and the full financial year ended last Dec. 31, but warned that this year's profits will be saddled by costs associated with the closing of its fishing lure manufacturing factory in China, due to be implemented by the ...
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Go Pro plans to go public
GoPro announced Friday that it has submitted a preliminary draft application to the U.S.Securities & Exchange Commission for permission to go public. To implement the IPO, it has a hired a new chief financial officer, Jack Lazar, with prior experience in the matter. JP Morgan is said to be advising ...
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Billabong’s simplification goes on
Billabong International is considering various options for its multi-brand e-commerce operations, in line with a policy to focus on mono-brand retailing online and offline. Together with its partners, it has appointed an international banking firm, Guggenheim Securities, to assist it in a strategic review of the SurfStitch.com and Swell.com operations. ...
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O’Neill returns to European growth
O'Neill should return to growth in Europe this year after a clean-up that saw the company nearly halve its apparel range, exit several categories and clarify its brand platform.The changes came after the appointment of Willem Haitink over two years ago at the helm of O'Neill. He was the general ...
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Brunotti upgrades distribution
Brunotti Europe has been upgrading and expanding its distribution in the last two years, as part of a multi-year plan mapped out with investors to lift sales to about €50 million by 2017. This compares with a turnover in the range of €26 million in 2013 and projected sales of ...
