Latest Headlines – Page 354
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Black Diamond’s sales grow by 13%, but net loss increases
Total sales for the Black Diamond group, based in Salt Lake City, were $31.9 million in the second quarter ended June 30, a 13 percent increase from the year-earlier period. The gross margin of the American group increased to 39.1 percent, compared with 38.9 a year ago, due to a ...
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Big growth for Totoe through diversification
Here is another fast-growing British company, which has applied to socks the kind of toe separation concept adopted by Vibram for its Fivefingers line of shoes. The company, Toetoe, has been in business for 13 years. It has just announced the launch of a line of socks based on this ...
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Far-reaching European reorganization at Puma
Puma intends to overhaul its European structure, cuttting back part of its national organizations and forming instead seven regional units – with dedicated sales and marketing staff for each country, but with regional back office functions and warehousing. The cutbacks are meant to make the company more efficient in Europe, ...
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Puma’s European sales weaken
The restructuring measures were unveiled as Puma reported weakening sales in Europe in the second quarter. They declined by 2.2 percent to €283.6 million, amounting to a decline of 3.0 percent in constant currencies. ...
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The outdoor brands invoiced 14.5% more for footwear in 2011
According to the annual survey of the market conducted by Sporting Goods Intelligence and The Outdoor Industry Compass, sales of branded outdoor shoes grew by 14.5% at the wholesale level in 2011 worldwide in terms of U.S. dollars, with increases of 9.6 percent in the U.S. and 18.6 percent in ...
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Sports Direct is entering Hungary and Iceland
Sports Direct International (SDI), the leading British sports retailer and brand owner, is moving ahead with its plan to open stores across Europe in the coming years. After its moves into Slovenia, Cyprus, Portugal and France in the last years, the company has opened its own store in Hungary and ...
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Icelandic dealer joins Stag
Sports Direct's landing in Iceland last May (see previous article) led one of the few local sporting goods retailers, Oli Sigurdarson, to join Stag, the big British buying group, which has been expanding also in Ireland lately. The main objective is to obtain better conditions from the increasing number of ...
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JJB’s CEO quits
JJB Sports reported on Friday that Keith Jones is stepping down from the role of chief executive with immediate effect. He will continue to serve in an advisory role until the end of August, just before the planned Sept. 1 enthronement of Bob Corliss as chairman. JJB said its ...
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Go Sport appoints a new boss, after a new loss
The board of directors of Groupe Go Sport has announced the appointment of Loïc Le Borgne as its new general manager, to replace François Neukirch. Age 51, Le Borgne has 30 years of experience in retailing, 21 of which he spent with the hypermarket group Auchan. He joins the French ...
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Mixed picture for German sports retailers
The European football championships and other factors helped the two major German buying groups improve their sales in the first half of this year. Another boosting factor was the fact that the first half of 2011 was particularly bad.The German retailers who are affiliated with Intersport saw their sales decline ...
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Brazil’s major sports retailer returns to profit
After a careful new audit of its accounts, Grupo SBF, which owns the Centauro and By Tennis chains of sporting goods stores in Brazil, has reported a net profit of 44.4 million reais (€17.9m-$21.9m) for 2011, against a loss of R$22.2 million the year before. Sales and profits have been ...
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Billabong finds TPG’s new offer insufficient
Texas Pacific Group (TPG) has offered to pay 1.45 Australian dollars per share, or a total of A$694.5 million (€588.9m-$712.9m), for Billabong International. The offered price is 32 percent higher than the value of Billabong's shares prior to the announcement last July 24 of TPG's new proposal, but lower than ...
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Jarden’s outdoor down by 3.2% in the quarter
Reporting its results for the second quarter ended June 30, Jarden Corporation said that the revenues of its Outdoor Solutions unit fell by 3.2 percent to $747.3 million, compared with the same period in 2011. The management blamed weather and economic issues in Europe, tough comparisons with one year ago ...
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Columbia posts improved quarterly results
Columbia Sportswear reported an increase in consolidated net sales of 8 percent to $290.4 million for the second quarter, and the company's seasonal loss declined by 42 percent to $7.9 million. Changes in currency exchange rates caused had a negative effect of one percentage point.Sales growth in the quarter was ...
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The North Face continued its success story in the quarter
The North Face has been enjoying strong sell-through at retail, leading to pre-orders that were up by a low-double-digit rate at the end of June. This came after a robust performance in the second quarter, during which the outdoor brand's turnover increased by 14 percent in dollars and by 16 ...
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Deckers posts a higher loss, Teva declines
The parent company of Teva, Ugg, Sanuk and other brands reported a lower loss than expected for the second quarter ended June 30. It amounted to $20.1 million, up from $7.5 million in the same period a year ago, on 13.1 percent higher overall revenues of $174.4 million.While Ugg' ...
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Poor quarter for Lafuma
After rising for six consecutive quarters, the revenues of the Lafuma Group declined by 11.4 percent in the third quarter ended June 30 to €38.8 million, as compared to the same period a year ago.The management blamed unfavorable weather conditions and the poor economy in Europe. All the divisions recorded ...
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Retail pushes up Crocs, but Europe underperforms
Crocs' sales grew by 12.0 percent in the second quarter to $330.9 million, fueled by the Americas and Asia. In Europe, sales fell by 5.2 percent in terms of dollars. In local currencies, however, European sales dropped by 0.5 percent at wholesale and by 7.1 percent over the internet. They ...
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Accell’s profit rides downhill
Accell, the Dutch group that owns a gaggle of bicycle and fitness brands, saw its net operating result shrink by 15 percent to €23.2 million for the first half of the year, even though its sales increased by 19 percent to €445.6 million. This included organic sales growth of just ...
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Callaway banks on new products and marketing
The product line that Callaway Golf is going to introduce for spring 2013 has been completely redesigned, and more new products are in the pipeline as the company's product development team is now reporting directly to the new chief executive, Chip Brewer. Also, the savings made by the previously reported ...
