Latest Headlines – Page 337
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Gulden named Puma’s CEO as sales slide
Last February, Björn Gulden had told investors that he was going to remain chief executive of Pandora Group, a highly profitable Danish jewelry group, denying a report in the German Manager magazine that he might be appointed head of Puma. As it turns out, Gulden was still one of the candidates for ...
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Sports Direct to post double-digit sales growth
Sports Direct International continues to grow strongly. In an update on its results for the year ending April 28, 2013, which are due to be announced on July 18, the U.K.-based company said that total group sales grew by 14.3 percent to £317.4 million (€374.4-$493.9m) for the nine weeks ending ...
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Sales up and margins down at JD Sports Fashion
JD Sports Fashion gave some indications of its performance in the financial year ended last Feb. 2. According to preliminary figures, the total revenues of the U.K.-based fashion and sports retail group increased by 18.8 percent to £1,258.9 million (€1,493.0m-$1,951.5m), but the gross margin declined to 48.7 percent from 49.2 ...
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Growth of 9.6% for Intersport France
Intersport France has reported a nice 9.6 percent increase in the sales of its affiliated stores to €1,422 million for last year, indicating a gain in market share. It was one of the best performances for Intersport at the international level, in spite of strong competition from Décathlon.In particular, the ...
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Near-stability for Go Sport
The Go Sport group seems to be on its way to stabilizing its turnover, at least in its domestic market. For the first quarter ended March 31, the French sports retailer has reported a 0.7 percent decline in total revenues to €166.4 million, with the group's sales in France down ...
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H&M and Zara believe in sports
After introducing some activewear in its stores and opening pop-up stores at the London Olympic Games, the international Swedish-based fashion retailer has announced that it will sponsor the members of the Swedish Olympic team for the next four years. H&M will supply the garments for the opening and closing ceremonies ...
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Margins improve strongly at VFC
As predicted in February, VF Corporation's revenues went up by only 2 percent in the first quarter ended March 31, hitting $2,582 million, due to delayed shipments of spring/summer merchandise and to a tough comparison with the strong first quarter of 2002. Sales growth would have been one percentage point ...
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Big jump in Columbia's earnings
In its first quarter of 2013, Columbia Sportswear managed to raise its total sales by 5 percent compared with the same period of last year, reaching $348.3 million. The impact of foreign currency changes was lower than 1 percent. Net income jumped by 159 percent to $10.1 million, including restructuring ...
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Lafuma Group suffers a significant sales decline
In the first half of its financial year to March 31, the Lafuma Group's turnover fell to €102.7 million from €132.3 million in the previous year's period, a decline of 15.4 percent. The sales figure still includes €11.7 million generated by operations that were halted or are planned to be divested. Last ...
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Amer on a good track
Supported by soaring demand in emerging markets, the Amer Sports group's sales inched up by 1 percent to €493 million for the first three months of this year, amid cautious buying in Europe and destocking of team sports products in the North American market. The Finnish group's quarterly sales were up ...
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Lower margins and higher sales for Jarden’s Outdoor Solutions
The Outdoor Solutions segment of Jarden Corporation, which includes brands such as Coleman, K2, Marmot and Rawlings, posted a 3.7 percent sales increase to $695 million for the first quarter of this year. On an organic basis, excluding the impact of foreign exchange fluctuations, acquisitions and divestitures, sales went up ...
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Callaway improves its profitability
Cost reductions and other initiatives that Callaway Golf took in 2012 contributed to improvements in gross margin and operating expenses in the first quarter ended March 31. As a percentage of sales, the gross margin increased to 46 percent from 44 percent in first quarter of 2012, while operating expenses ...
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Basicnet makes higher profits
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands incurred a loss last year, as previously reported. However, Basicnet improved its profitability in the first quarter ended March 31, due in part to exceptional income from the recently announced signing fee stipulated with its South Korean ...
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Crocs posts double-digit sales growth
Crocs reported first-quarter revenues of $311.7 million, up 14.7 percent on the first quarter of 2012, or 16.6 percent higher on a constant-currency basis. The record performance was attributed by the company to innovative products, the success of the company's multi-channel strategy and the global reach of its business. During ...
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Deckers’ income drops but results exceed expectations
Deckers Outdoor Corporation reports that its net income dropped to $1.0 million in the first quarter from $7.9 million in the first quarter a year ago due to higher operating costs, but the gross margin was 46.8 percent, up from 46.0 percent a year ago. Both sales and earnings per ...
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Under Armour's sales increase, but profits drop sharply
Under Armour's gross margin moved up by 0.3 percentage points to 45.9 percent in the first quarter, but its net income declined by 47 percent to $8 million, largely due to higher marketing costs connected to its “I Will” campaign and other operating expenses, which jumped by 25.7 percent to ...
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Bikes are spreading in the U.K.
The market for bicycles in the U.K. rose by 8.5 percent to an estimated £705 million (€834.9m-$1,091.6m) at retail in 2012, according to statistics quoted by Bike Europe, although some in the industry had anticipated a faster growth rate,. The rise in value reflects a continued shift toward the more ...
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Accell reorganizes U.S. operations
Predicting a further increase in turnover and net operating earnings for all of 2013, Accell Group's management told shareholders at its annual meeting last week that it will be able to report better results and an increase in turnover on an organic basis for the first quarter of this year, ...
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Shimano cycled faster, but caught smaller fish
The consolidated sales of Shimano increased by just 1.3 percent to ¥63,278 million (€496.9m-$647.6m) in the first quarter of 2013. The operating income fell by 9.4 percent to ¥9,755 million (€76.6m-$99.8m), while net earnings went up by 9.3 percent to ¥7,652 million (€60.1m-$78.3m).The Japanese manufacturer of bike parts and fishing equipment ...
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Rapala sets up ice-fishing production in Finland
Rapala VMC Corporation has raised its stake in Peltonen's ski factory from 90 to 100 percent. It has also decided to establish an ice drill manufacturing operation in Finland by the end of this year to strengthen its position in the ice-fishing business, which it entered in early 2012 by ...
