Latest Headlines – Page 364
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Warrior is serious about football
Warrior Sports, the team sports subsidiary of New Balance, is currently showing its first range of football products to its distributors, due to be introduced in Europe and other parts of the world in the spring of 2013. As in the two other team sports where Warrior has achieved an ...
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Admiral is making a special comeback
This British football brand, which is going to be 100 years old in 2014, is much more widely known than Warrior Sports, although it has not been selling well lately. In contrast to Warrior, which is new and targeting a specific market niche, Admiral's new British owners have concluded that ...
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Flat sales and lower earnings at Head
Head posted net profit of only €338,000 for 2011, down from €7,324,000 in the previous year, and the operating margin fell to 4.1 percent from 7.5 percent. The group's total revenues declined by 1.3 percent to €339.1 million in the course of 2011, but they were broadly flat in constant ...
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Accell pedals ahead with e-bikes and acquisitions
Electric bicycles and several acquisitions propelled the sales of the Accell Group last year, up by 9 percent to €628.5 million. The Dutch bicycle and fitness company, which owns a spate of brands from Batavus to Sparta, Koga, Lapierre, Winora, Ghost and many more, indicated that its organic growth reached ...
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K-Swiss plans big cuts
K-Swiss' management intends to cut selling and administrative expenses to between $110 million and $112 million this year from the $175.7 million spent in 2011 to help erase the company's net losses, which rose to $70.5 million in 2011 from the 2010 level of $68.2 million.The company expects to have ...
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Booming sales for Deckers’ brands
Sales surged by 40.4 percent to $603.9 million in the fourth quarter ended Dec. 31 at Deckers Outdoor Corporation, driven by increases of 37.7 percent for Ugg and 45.9 percent for Teva. They rose by 21.0 percent in the U.S., but outside the U.S., they soared by 178.6 percent to ...
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Fast-growing Anta slows down its retail expansion
Anta Sports, the Chinese sports brand, lifted its sales by 20.2 percent to 8,904.8 million renminbi (€1,051.4m-$1,411.8m) last year, outperforming the Chinese market. Yet the company emphasized that the country's sports industry was under pressure, with over-capacity and increasing discounts, which called for a more cautious approach in retail expansion.Anta ...
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China Dongxiang warns on sales and profits
China Dongxiang, which owns Phenix and the rights to the Kappa brand for China and Macau, issued another profit warning last week. The company indicates that its reported sales for 2011 should show a decline of about 36 percent compared with the previous year, and the profit margin attributable to ...
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Big success for Ispo Beijing
More companies have signaled their intention to participate in next year's edition of Ispo Beijing as its four-day session last week ended up with big increases not only in terms of exhibitors, but also in attendance. No less than 24,500 visitors (daily visits) came to the China National Convention Center, ...
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Softening market growth in China
In a presentation made on the eve of last week's Ispo Beijing show, Robbert de Kock, secretary-general of the World Federation of the Sporting Goods Industry (WFSGI), outlined some of the key trends in the Chinese market. Based in part on research made by NPD and GfK, WFSGI estimates that ...
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The BRICS offer big opportunities for internationalization
The numerous challenges and opportunities presented by the world's emerging markets, which we have started to cover more intensely in our publications, were among the most interesting topics discussed in recent months at Empreintes, a convention on brand-building held every two years in Bordeaux. Interestingly, the topic was also on ...
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PPR wants annual sport & lifestyle sales of €9.6 billion by 2020
Describing it as an “ambition” rather than a goal, the management of PPR told financial analysts yesterday that the group would like to reach a level of €24 billion in revenues by the year 2020, with 40 percent of that coming from its expanding sport and lifestyle division, whose brand ...
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Puma is performing better than expected
Puma has begun to reap the benefits of the new strategic offensive it launched at the end of 2010, as its sales jumped by 15.6 percent to €720.5 million for the fourth quarter of 2011, with robust growth in all the regions and all the product categories. The rise reached ...
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Billabong slims down ahead of a possible sale
Confirming a report that it received a non-binding takeover offer from Texas Pacific Group a few days ago, Billabong International's management announced today the partial sale of its brand of sports watches, Nixon, to another equity fund, Trilantic Capital Partners, generating net proceeds of US$285 million. It also announced a ...
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VF is ready for further acquisitions
VF Corporation said that it has the financial and managerial resources to carry out further acquisitions but warned that it is unlikely to achieve a deal the size of Timberland over the next 12 months. VF bought the footwear brand in June 2011 for about $2 billion.The comments come as ...
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Euretco is set to get the Intersport license for the Netherlands
There is nothing official yet, but according to Dutch officials involved in the transaction, Euretco and Intres, the Dutch buying groups that run the Sport 2000 and Intersport banners in the Netherlands, respectively, have firmed up plans to retain Intersport as their only joint licensed banner if their intended merger ...
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Higher-than-expected sales at Sports Direct
Sports Direct may resume the payment of dividend and distribute a large amount of shares to its main shareholder, Mike Ashley, after posting higher-than-expected third-quarter results thanks to strong sales over the Christmas period.Revenues in the 13 weeks to Jan. 22 were up by 9.1 percent to £453.8 million (€542.8m-$712.5m) ...
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Big progress for Bogner
The premium segment of the skiwear market, where Bogner continues to be the absolute leader, is not suffering from the economic crisis or from the uncertain snow conditions. The Willy Bogner company stepped over the €200 million threshold for the first time during the financial year ended last Oct. 31 ...
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La Sportiva launches its clothing line
The new collection of technical outerwear launched by La Sportiva in collaboration with its Korean licensee, Samsung, was a great success at the Ispo fair in Munich earlier this month. Designed primarily for ski mountaineering, alpine touring and freeride skiing, the line uses Gore-Tex membranes and is certified by Bluesign. ...
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Vibram posts strong sales; concentrates on snow sports
Vibram, which was picked by REI as one of the vendors of the year for the second consecutive year, reached sales of nearly €200 million in 2011. The figure cannot be compared with the previous year because the company that represents Vibram in the U.S. is no longer ...
