Latest Headlines – Page 327
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Gradual introduction for 37.5 in Europe
Cocona's new 37.5 trademark will first appear at retail in Europe next spring and autumn on products by Asics, Salomon, Bauer Hockey, Ride, Rip Curl and Tog24, says the American company. They will also be presented to the trade at the Ispo show in Munich in late January.Numerous other brands ...
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Adidas group predicts pick-up after bumpy quarter
Despite the weakness of the golf market and its logistical fiasco in Russia, the Adidas Group managed to deliver stable sales for the third quarter of this year in constant currencies, with sustained expansion in Latin America and China – and a substantial increase in margins.The group's sales contracted by ...
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Puma goes backto sports
Puma is ditching its “sports lifestyle” tag to be unequivocally positioned as a “sports” company again: This is the strategic angle outlined last week in Herzogenaurach by Bjørn Gulden, the company's chief executive since the start of July.The new approach is encapsulated in a brand tagline to be used in ...
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More one-off costs to hit Puma’s earnings
Puma warned last week that its net income for 2013 would be positive but significantly below the figure of €70.2 million reported for 2012, due to a new one-off charge of €130 million that will be booked in the fourth quarter. While the company already spent €177.5 million on restructuring ...
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Basicnet improves results sharply
Net earnings increased to €2,100,000 in the third quarter for the parent company of Kappa, Robe di Kappa, K-Way and other brands from €1,201,000 in the comparable period of 2012 in spite of a drop in consolidated direct sales of 6.8 percent to €28.6 million. The gross margin improved to ...
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Strong growth by Asics Europe in new categories
Asics Europe reports that its sales increased by 7 percent in the first six months of 2013, recording further gains in market shares, with double-digit growth in running apparel and strong single-digit growth in running shoes on a currency-neutral basis and excluding Haglöfs' turnover.Sales of running apparel grew by 48 ...
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Asics improves sales and earnings
Across the group, Asics Corporation recorded an increase in its turnover of 21.4 percent to ¥153.6 billion (€1,141m-$1,536m) in the six months ended last Sept. 30 from the corresponding 2012 period. The company mentioned among the factors for the growth the depreciation of the yen, the launch of new models ...
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Mizuno sees lower profits than expected
Mizuno continues to project a sales increase of 11.8 percent to ¥183 billion yen (€1,358m-$1,831m) for the financial year ending next March 31, but has revised downward its forecast for net earnings, predicting that they will only increase to ¥2.1 billion (€15.6m-$21.0m), up 7.9 percent from the previous financial year, ...
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Alpargatas sells more sports shoes
Alpargatas, the licensee of Mizuno in Brazil and in Argentina, has reported increases in the total volume of Mizuno shoes sold in Brazil of 48 percent during the nine month ended Sept. 30 and of 13.5 percent in the third quarter, expanding mainly in the multi-brand footwear retail channel. While ...
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Vulcabras reduces sales and losses
Sales continued to decline in the third quarter at Vulcabras, the Brazilian company that owns the Olympikus brand and has a contract with the Adidas Group for the Reebok brand covering Brazil, Argentina and Uruguay. The company's net revenues fell by 15.4 percent to 349.5 million reais (€112.2m-$151.0m), but while ...
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Centauro has a new store format
The largest Brazilian chain of sporting goods stores, which belongs to Grupo SBF, launched a new store concept, Centauro Full Size, in the Barra da Tijuca section of Rio de Janeiro last June. Measuring 3,000 square meters, it features various interactive applications and product customization options to engage visitors. It ...
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Shimano grows because of the yen
The devaluation of the Japanese yen helped Shimano to post a 12.2 percent increase in total sales to 66.4 billion yen (€491m-$661m) during its third quarter, which ended on Sept. 30. The bicycle segment recorded a sales increase of 10.1 percent to ¥52.1 billion (€387m-$521m), while fishing tackle went up ...
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Dorel sees a turnaround in the bike market
Dorel Industries sees the global bicycle market tending toward stabilization after a decrease so far this year due to poor weather conditions in the spring. While bike dealers are playing a cautious hand in replenishing their pre-season inventory, sales rebounded slightly during the third quarter ended Sept. 30 in the ...
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Easton-Bell sees declines in cycling and hockey
The acquisition of new international distributors led to a 34 percent increase in sales of Bell Powersports helmets at Easton-Bell Sports and pre-season orders for Bell, Giro and Blackburn helmets went up by 41 percent in the third quarter ended Sept. 28. Giro's snow products benefitted from a rebound in ...
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Currencies affect Rapala’s turnover
The North American market was the only bright spot in Rapala VMC Corporation's report for the third quarter ended Sept. 30. Strong pre-sales of ice-fishing products and a positive sales development for Rapala lures and VMC hooks boosted the Finnish group's sales in the North American market by 20 percent ...
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Jarden buys another fishing brand
Jarden Corporation has reported a 2.0 percent decline to $670.6 million for its sales in the Outdoor Solutions segment during the third quarter ended Sept. 30, but on organic basis they grew by 4.1 percent. . In the U.S., total segment sales were stronger in specialty channels and among independent ...
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Head seems to be gaining market shares
Head estimates that winter sports orders are up by only around 5 percent for the new winter season across the ski industry, although the wholesale volume of alpine skis sold to the trade for the 2012/13 season declined to about three million pairs.It also estimates, based on external data, that ...
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Wintersteiger warms cold feet with Hotronic
Wintersteiger, the Austrian manufacturer of ski maintenance and service machinery and storing solutions, has agreed to acquire the assets of Hotronic International, a U.S. company specializing in heating technologies for ski boots and gloves. Besides the Hotronic FootWarmer line of products, the deal includes also Snapdry, a sub-brand that offers ...
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Ski professional gets 5% of Kästle
Chris Davenport, a two-time free ski world champion, has become a shareholder of Kästle, the Austrian ski manufacturer. At the same time, the American athlete has joined the company's board of directors. Davenport has been with the brand since 2007, when Kästle set up its “Pro Team'' of top athletes. Since ...
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Billabong sells its Canadian chain
Billabong International acquired the Canadian West 49 chain of 138 surf and skate shops three years ago for about 86 million Canadian dollars (€61.0m-$82.2m). After at least six months of speculation that it was seeking to divest it, it has now agreed to sell it for an amount between C$9 ...
