Latest Headlines – Page 347
-
Article
Hummel’s focus and service levels pay off
Hummel, the Danish team sports brand, is reinforcing its management structure in Germany as it continues to expand swiftly around Europe, distinguishing itself as one of the brands that managed to carve a sizable market share for themselves by doggedly focusing on their specialty.Stefan Kock, former sales director for performance ...
-
Article
New CEO to redress Cross Sportswear
Niclas Valfridsson started earlier this month as the new chief executive of Cross Sportswear, the Swedish ski, outdoor and golf apparel brand. Valfridsson was previously the chief executive of a Swedish watchmaker, Sjöö Sandström, which he turned around.The appointment comes after Cross suffered a sharp decline in sales, down to ...
-
Article
Le Coq and Boards & More ride high
Le Coq Sportif predicts that its apparel sales will double this year, following its return to the Tour de France as an official kit supplier, gaining large-scale exposure on the event's jerseys. While Le Coq has turned into a sports lifestyle brand, it started off more than eight decades ago ...
-
Article
The weather plays havoc with Easton-Bell
European sales were down by 4.7 percent in the first nine months ended on Sept. 29, including a 15 percent dip in the third quarter, largely due to a difficult snow sports market. Sales of Giro snow sports products in the U.S. and Europe fell by 30 percent in the ...
-
Article
Heelys reports flat sales and a loss
Heelys has reported unchanged consolidated revenues of around $6.6 million for the third quarter ended Sept. 30, but the net loss increased to $2.4 million from the net loss of $1.5 million booked in the third quarter of 2011. Domestic sales increased by 17.3 percent, mainly due to the new ...
-
Article
Exceed’s sales and profit decline
Exceed's revenues decreased by 48.1 percent to 553.3 million yuan renmimbi (€68.7m-$88.9m) in the third quarter ended Sept. 30 compared with the same period last year. The gross margin dropped by 2.0 percentage points to 27.5 percent. The net profit for the quarter was off by 79.0 percent to RMB ...
-
Article
The EU finalizes a new GSP trade scheme
The European Union has released information on the changes it is making to its Generalized System of Preferences (GSP) for developing countries, a system that has been in place since 1971 to allow exporters from developing countries to pay lower duties on some or all of what they sell to ...
-
Article
Freddy launches a new fit for women
After inventing a new category of sports and lifestyle garments called “sloungewear,” Freddy, the Italian fitness and dance apparel company, has successfully launched a new concept in women's trousers, called WR.UP, that re-models and re-shapes the silhouette, giving women a trendier and more seductive look. Thanks to the new product, ...
-
Article
Quiksilver makes sunglasses from skateboards
Quiksilver has collaborated with Javier Mendizabal, a professional skateboarder sponsored by the international surf and skate company, to create a limited series of 50 pairs of sunglasses that are made by hand with materials taken from broken or recycled skateboards. The proceeds will be donated to the skateboarding community of ...
-
Article
Ispo wants to “connect” the industry
Ispo has launched a new marketing campaign to emphasize its role as the leading international networking instrument in the sporting goods sector. The colorful campaign is based on a new corporate claim around the word “Connected” (Sports. Business. Connected) developed by Messe München's new marketing partner, the Serviceplan agency in ...
-
Article
Reebok drags down Adidas' figures
The persistent decline in sales at Reebok remains a drag for the Adidas Group. The American brand's sales shrank by another 25.3 percent in constant currencies for the third quarter, which spoiled part of the 10 percent sales jump achieved by the Adidas brand. However, the entire group still recorded ...
-
Article
Reebok India’s cleanup will have major effects
Cleanup measures at Reebok India could more than halve the brand's sales in the country from next year. After large-scale irregularities were allegedly discovered earlier this year, the Adidas Group said that it would reform Reebok's relationship with retailers and franchise partners by the end of the year, which could ...
-
Article
Maus gobbles up Lacoste
The Maus Frères conglomerate is set to take over full control of Lacoste SA, the licensing company that owns the trademark rights to the brand, after its recently elected chairwoman, Sophie Lacoste-Dournel, and other members of the Lacoste family agreed last week to sell their joint stake of 28 percent ...
-
Article
PVH acquires Speedo’s U.S. licensee
PVH Corporation, the big American company that bought Izod in 1995, Calvin Klein in 2003 and Tommy Hilfiger in 2010, has now agreed to buy another big American clothing company, the Warnaco Group. Interestingly given the previous article in this issue, Izod was the former licensee of Lacoste in the ...
-
Article
Iconix sees growth opportunities for Umbro
The biggest opportunities are probably in the U.S., where Umbro became a fashionable brand of clothing worn in the discos back in the 1990s, when Nike took it over to establish itself as a leader in the football market. Iconix wants to develop the brand in the youth soccer segment ...
-
Article
One Way looks for new owners
Andreas Bennert and Lasse Korpi, owners of One Way Sport, have started negotiations on a new ownership structure to obtain synergies in production, distribution and strategic processes, to secure the Finnish company's position as a leader in Nordic sports, and to improve the overall organization. Discussions with two interested parties ...
-
Article
Asics’ quarterly net income rises by 13.8%
In the first half of its current financial year, running from April 1 to Sept. 30, Asics Corporation saw its consolidated net sales increase by 2.2 percent to ¥126,601 million (€1,253m-$1,593m). Operating earnings advanced by only 0.9 percent to ¥10,967 million (€108.5m-$137.9m), despite a decrease in advertising expenses. Thanks to ...
-
Article
Asics Europe registers an 8.4% sales increase
Asics Europe delivered an overall currency-neutral increase in net sales of 8.4 percent between January and June 2012 compared with the same period last year, in spite of challenging economic conditions in the region. Growth was mainly driven by the running apparel category and by footwear for “core performance sports.” ...
-
Article
Mizuno’s net income drops by 23.7% in first half
Mizuno recorded revenues of ¥81.3 billion (€804.3m-$1,023m) in the six months ended Sept. 30, up by 4.2 percent from the same period of the previous fiscal year. Operating profit was down by 31.6 percent to ¥3.0 billion (€29.7m-$37.7m), due to an increase in selling, general and administrative expenses attributable to ...
-
Article
Asics makes two key appointments
John Mollanger will join Asics Corporation on Nov. 16 to run a newly established global product marketing division at the company's head office in Kobe, Japan. Reporting directly to Motoi Oyama, president and chief executive of the company, he will act as managing executive officer and general manager of the ...
