Latest Headlines – Page 349
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Puma makes cuts after a bad quarter
While reporting disappointing results for the third quarter ended Sept. 30, the management of Puma went into some details last Wednesday about its new “transformation program,” designed to cut costs and optimize the development of new products. It shows that Franz Koch, the young manager appointed chief executive last year, ...
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Some management changes in the Puma Group
Tretorn, the Swedish brand of rubber boots, outerwear, tennis balls and other products that has been a property of Puma since they shared a common Scandinavian investor, has been without a dedicated top manager for quite some time, but this is going to change now. Markus Wonko, 40, has been ...
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Burton revamps to go forward
Burton Snowboards wants to refocus more strongly on its core products, so by the end of 2013 the company will phase out three snowboard brands, stop production of its Analog surf apparel and sell its Gravis brand of casual shoes in Asia only. Jake Burton, the company's chief executive and ...
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Wolverine expands international leadership
As part of its effort to boost its international growth, Wolverine Worldwide has named several new executives to leadership positions. Guillermo Perez, formerly the vice president and general manager for the Cushe brand, takes on the newly created role of vice president for Latin America. Michael Hebreard will step into ...
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Strong growth for Amer’s brands in apparel
The Winter and Outdoor division of Amer Sports, which includes brands such as Arc'teryx, Salomon and Suunto, improved its operating profit by 9 percent to €80.8 million in the third quarter ended Sept. 30, compared with €79.3 million in the same period a year ago, while its net sales increased ...
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Lafuma presents stable revenues
For the financial year ended on Sept. 30, the Lafuma Group reports a slight sales decline of 0.3 percent to €248.7 million. This is partially due to the development in the fourth quarter when turnover dropped by 6.6 percent to €77.6 million compared with the previous year's period. The fourth ...
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Jarden will reshuffle manufacturing
Jarden Corporation is launching a program to foster product innovation and update its manufacturing operations in the winter sports sectors. It wants to improve gross margins and operating efficiencies in the next three years by updating its manufacturing and supply chain apparatus.As part of this process, Jarden will ...
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VF’s sports, outdoor brands weather the storm globally
VF Corporation reported last week that its gross margin reached a record of 46.7 percent of sales in the third quarter, largely as a result of the group's continued shift in the product mix toward higher-margin businesses. Total revenues grew by 14 percent to $3,148 million in the quarter, but ...
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Columbia is not amused about Europe
Columbia Sportswear posted a decrease of 4.0 percent in net sales to $545.0 million for its third quarter ended Sept. 30, compared with the year-ago results. About 2 percentage points of the decrease were said to be due to currency effects. In the same period, operating profit went up by ...
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Callaway downsizes full-year guidance
Callaway Golf Company has reported net sales in the third quarter of $148 million, down from $173 million in the year-ago period, and a net loss of $83 million, up from $44 million in the year-ago period. European sales were down by 24 percent in dollars to $19.2 million. They ...
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Big Scott invests in R&D firm, launches ski boots
Scott Sports Group has acquired a minority stake in I-Generator, a research & development platform in Portland, Oregon, to consolidate its investment in the running shoe sector. Managed by Swiss experts, the laboratory has been working for Scott for eight years to develop the company's collection of running shoes as ...
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Patagonia invests in coating technology
Patagonia has taken a 15 percent equity stake in AeonClad Coatings, a nanotechnology specialist, with whom it will develop water-repellent down garments. Patagonia first entered into a partnership with the firm, a portfolio company of Emergent Technologies, in 2010, when the two companies established an R&D laboratory in Austin, Texas, ...
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Kappa and Le Coq Sportif re-enter the Brazilian market
SPR Indústria Confecção, a rather special Brazilian producer of team sports clothing that has been moving strongly into the retail business lately, is going to reintroduce both of these brands in its domestic market, after signing long-term licensing and distribution deals with both of them.SPR claims to have become in ...
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German court allows Adidas’ Primeknit
As previously reported, on Aug. 28 the Nuremberg District Court granted a request by Nike to ban Adidas' sale of its new Adizero Primeknit shoes through a preliminary injunction. Adidas says it expects that the court will decide on Nov. 7 to set aside its initial decision and to rule ...
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The Lance Armstrong scandal raises questions about sports marketing
The scandal that erupted after the publication of a damning report by the U.S. Anti-Doping Agency (USADA) about doping by Lance Armstrong is reverberating around the sports marketing business, causing a scramble by sponsors to pull out of endorsements worth millions of dollars.As widely reported in the last days, the ...
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JJB goes under
About 2,200 jobs were lost as JJB Sport went into administration (a form of receivership) earlier this month and only 20 of the failed British sports retailer's stores were sold to Sports Direct International (SDI), JJB's erstwhile rival in the British sports market.As part of the deal, which should save ...
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Nike’s quarterly profit slips
While demand for Nike products continued to increase rapidly in the quarter until the end of August, the company's profit was under pressure due to lower gross margins and more expenses related to the international sports events held in the summer.The entire group's sales jumped by 10 percent to $6,669 ...
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A forum will debate Adidas’ fund for laid-off workers
At the Adidas Group's request, the Global Forum for Sustainable Supply Chains will convene a summit in Switzerland on Oct. 23 to consider options for a private insurance fund that can be made available for workers affected by factory closures and non-payment of wages and benefits. Called by Adidas “Provident ...
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Zeitz quits as Puma’s chairman, devotes more time to sustainability
The change of the guard at Puma was already planned when PPR acquired the company in 2007. It actually took a little longer than expected because of the recent economic turmoil and the need to ensure a smooth transition for Franz Koch, who became chief executive in July last year.Puma ...
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Billabong names a new chairman
The board of directors of Billabong International elected a new chairman, Ian Pollard, who will work with its new management, led by Launa Inman, to implement the “transformational” strategy it had outlined last Aug. 27. The move came immediately after Texas Pacific Group International (TPG) announced that it was withdrawing ...
