Latest Headlines – Page 332
-
Article
Swiss Intersport to lose its largest member
Universal Sport, a Swiss sports retail chain that is Intersport's largest member in the country, will halt its operations by the end of October. The official explanation is that the financing of the upcoming winter season was not secured as Intersport no longer provided any financial warranties for further purchasing. ...
-
Article
Sales decline at Adidas, but margins improve
Struggling against soft market conditions in Europe, a declining golf market in the U.S., adverse currency fluctuations and tough comparisons with the pre-Olympic and pre-Uefa period of a year ago, the Adidas Group saw its total revenues decline by 4 percent to €3,383 million in the second quarter ended June ...
-
Article
Reebok and running boost Adidas’ sales
They were the bright spots in the Adidas Group's brand and product scenario in the latest quarter. In particular, Reebok appeared to be poised for a lasting turnaround with an 11 percent currency-neutral sales increase in the second quarter, offsetting an 8 percent decline for TaylorMade-Adidas Golf. Adidas brand sales ...
-
Article
Puma's sales and profits are still on the slide
The almost complete new team appointed at the helm of Puma is facing an uphill task, as the company's sales and profit margins are still on the slide. But Puma's management said that its weak performance in the second quarter was in line with its forecast and that the company ...
-
Article
The weak yen helps Asics
Asics Corporation reported a 15.8 percent increase in total revenues to 76.6 billion Japanese yen (€595.8m-$791.8m) for the first quarter of its financial year, ended June 30, but the growth was inflated by the depreciation of its domestic currency. The gross margin was largely flat at 44.8 percent of sales. Operating ...
-
Article
Asics becomes the fastest brand in women’s running in Europe
Data from NPD Sports Tracking Europe show that between January and March this year, Asics grew faster at retail than the total sports footwear market in the five major European countries, with a 6 percent increase versus a 0.2 percent decrease for the market itself. It also grew faster than ...
-
Article
Mizuno’s sales up 6%, driven by running shoes
Mizuno recorded 6.1 percent sales growth to 45.2 billion yen (€352.2m-$469.9m) for the first quarter ended June 30 as compared to the previous year's quarter, with running shoes serving as a driving force behind the term's results, combined with sales increases in all other areas. With Senoh Corporation joining the ...
-
Article
Brooks looks beyond specialty running in Europe
Officials of Brooks Running Company say their brand has become the number one running brand at Runners Point, the German specialty retailer which is being taken over by Foot Locker. After concentrating for many years on specialty running stores, it has also started to do business with the retailers affiliated ...
-
Article
Good figures from Amer
Despite the cold and wet spring, which dampened enthusiasm for tennis and cycling, the Amer Sports group enjoyed rising sales in nearly all categories as well as a small improvement in its earnings. The Finnish owner of Wilson, Salomon, Atomic and other brands saw its sales grow by 7 percent ...
-
Article
Better results for Head
Head reduced its net losses by 54 percent to €3.57 million in the second quarter ended June 30. Gross margins improved to 39.7 percent from 36.8 percent. As a percentage of sales, the quarterly operating loss declined to 5.8 percent from 10.5 percent in the period a year ago but ...
-
Article
Weather affects Jarden’s outdoor operations
Traditionally, the second quarter is seasonally weak also for Jarden Corporation's Outdoor Solutions segment. This division, which comprises 21 different sports brands including Coleman, Ex Officio, K2, Marmot, Rawlings, Shakespeare and Zoot, booked a 6.1 percent decline to $741.1 million for the period, as the wet and cold weather in ...
-
Article
Columbia predicts a lower Ebit for the year
Columbia Sportswear reduced its net losses by 10 percent to $7.08 million in the second quarter, as compared to the same period a year ago, although its sales went down by 3 percent to $280.5 million, with one percentage point due to negative currency effects. The gross margin improved to ...
-
Article
Lafuma plans major refinancing
While reporting a double-digit decline in its sales for the nine months ended June 30, Groupe Lafuma said that it is in an active phase of negotiations with its bankers about a comprehensive refinancing program that will involve a significant equity increase. The French group's revenues for the nine-month period were ...
-
Article
Market conditions slow down Callaway’s progress
Softer market conditions in the U.S. and Europe and the transition of a third-party model for footwear and apparel did not prevent Callaway Golf Company from posting a small one percent sales increase in the second quarter ended June 30 on a currency-neutral basis and excluding the recently divested Top ...
-
Article
Accell performs better than the bike market
Accell Group said that bicycle sales declined in several markets during the first half of this year, due to cold spring weather and declining consumer confidence, but its own sales were higher than in the same period a year ago on a comparable basis. The group's total revenues increased by ...
-
Article
Shimano’s bike division rises by 8.3%
Shimano reported net sales of ¥133.1 billion (€1.04bn-$1.38bn) for the first half ended June 30, representing a 7.7 percent increase from the first half of 2012. The revenues of its bicycle division grew and fulfilled the company's previous forecast despite unfavorable weather conditions in key regions, offset by the depreciation of ...
-
Article
BasicNet’s profit climbs 69%
BasicNet registered aggregate revenues from its direct sales and its licensees around the world of €209 million in the first half ended June 30 for all its brands - Kappa, Robe di Kappa, Superga, K-Way, Lanzera, AnziBesson, Jesus Jeans and Sabelt. At constant exchange rates, aggregate sales stood at €214 ...
-
Article
Under Armour’s profit more than doubles
Under Armour's net income climbed by 163 percent in the second quarter ended June 30 compared with the previous year's period, reaching $17.6 million. The results, which topped Wall Street's expectations, were primarily driven by higher sales of base-layer apparel as well as football cleats and other shoes.New apparel items, ...
-
Article
Black Diamond has lower margins on higher sales
Black Diamond's total revenues increased by 10 percent to $38.8 million in the second quarter, but this was mainly due to the acquisition of Poc Sweden and Pieps Holding. In reported terms, sales declined slightly in the U.S. to $23.4 million but grew by 43 percent in international market, moving ...
-
Article
Profitable Bauer seeks new acquisitions
Bauer Performance Sports will intensify its review of acquisition opportunities across a number of existing and new sports categories, said Kevin Davis, president and chief executive of the Canadian-based company, while presenting its results for the financial year ended last May 31. It will be targeting small and medium-sized companies ...
