Latest Headlines – Page 365
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Rapala buys into ice fishing
Rapala VMC is expanding its presence in ice fishing thanks to the acquisition of the assets of the American company Strike Master Corporation and of the worldwide use of the Mora ICE brand. In 2011, the group already generated €7 million in sales in ice fishing. The new businesses will ...
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Rapala’s fourth-quarter sales were lifted by North America
Rapala VMC Corporation finished the fourth quarter with a 1 percent rise in sales to €60.8 million, underpinned by the North American market, which was up by 12 percent to €18.7 million. Market expectations were for a quarterly turnover of €62.0 million.Sales fell by 13 percent to €21.7 million in ...
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Shimano will grow less in 2012
Shimano finished 2011 with a 3.8 percent increase in sales to ¥221.8 billion (€2.15bn-$2.83bn), while the operating income dropped by 3.1 percent to ¥31.7 billion (€307.8m-$404.1m). The ordinary income surged by 14.2 percent to ¥31.7 billion and the net income was up by 3.9 percent to ¥19.9 billion (€193.2m-$253.7m). The ...
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Four Chinese firms win an anti-dumping lawsuit against the EU
Four Chinese companies – Brosmann Footwear, Seasonable Footwear, Lung Pao Footwear and Risen Footwear – have won a lawsuit against the European Union in the European Court of Justice on the grounds that they were not given the chance to prove they were not subject to anti-dumping duties. Another group ...
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Li-Ning is adjusting its structure
Li-Ning has announced that it is adjusting its organizational structure. The company says this is part of its reorganization plan for 2012, which foresees the Chinese brand optimizing its operational efficiency and improving its gross margin. To do so, Li-Ning will put its focus on its core business, meaning that ...
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Vietnam factories are wooing workers
It's a repeat of what has already been happening in the eastern part of China. As many workers are not returning to their factories in Vietnam after the Lunar New Year and Tet holidays, the local apparel and footwear manufacturing companies are making pitches to attract thousands of badly needed ...
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Basicnet’s aggregate sales rise by 14.8%
Basicnet reported a 14.8 percent increase in its direct sales and those of its licenses in the full year to €422 million, driven by strong growth in the Asia-Pacific region. The group aims to continue expanding abroad and at home in 2012.Turnover was up in all regions, with sales in ...
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Warm winter drags New Wave down
The Sport & Leisure unit of the New Wave Group, including the Craft and Cutter & Buck brands along with licenses for Speedo and Umbro, saw its sales drop by 10 percent in comparable terms in the last quarter, as it was hit by warm weather in Sweden and other ...
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Tepid weather affects Peak Performance
Henrik Bunge, the general manager of the Adidas Group in the Nordics, is eagerly awaited at Peak Performance, where he will start from the beginning of May at the latest: IC Companys, the Danish group that owns the Swedish brand and a gaggle of fashion labels, is strongly relying on ...
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European golf numbers drop in 2011
KPMG's latest survey of golf participation in Europe found the first drop in more than 20 years. In 2011, there were 46,000 fewer registered golfers than the year before. The biggest drops came in the U.K. and Ireland, down by 42,700 (3.1 percent); Sweden, down by 21,000 (4.1 percent); and ...
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Dutch buying groups merge
The management and supervisory boards of Euretco and Intres, the Dutch buying groups that handle the Sport 2000 and Intersport banners in the Netherlands, respectively, said they had come to an agreement for their intended merger. As reported in SGI Europe, talks started last year for a tie-up that will ...
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German Sport 2000 records a moderate drop in sales
At Ispo, Andreas Rudolf, managing director of Sport 2000 Germany, was happy about the retailer's policy of not slashing prices on skis and other winter-related products in spite of a drop in sales of some 20 percent in this category. Rudolf saw one reason for the reasonable pricing on the ...
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Salewa acquires Wild Country
One year ago, Salewa Oberalp announced the acquisition of Pomoca, the Swiss manufacturer of mountaineering skins, which is now completely integrated into the group. At a press conference at Ispo, the Italian family-owned company announced its acquisition of Wild Country, a British producer of high-safety harnesses and other climbing gear.Salewa ...
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Winter, outdoor sales dampen Amer’s results
Amer Sports' sales fell by 5 percent in the fourth quarter to €556.9 million due to a 10 percent decline to €375.0 million in the winter and outdoor business. The division was hit by a shift of deliveries to the third quarter and a slow start to the winter season ...
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Asics sees margins declining
Asics Corporation has reported a 5.9 percent increase in total sales to 186.3 billion yen (€1.86bn-$2.45bn) for the third quarter ended Dec. 31, with growth of 10.3 percent in local currencies, but operating income declined by 10.8 percent and net income dropped by 2.3 percent to ¥8.76 billion yen (€87.4m-$115.0m). ...
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Asics gains market share in Europe
Mentioning some NPD data, Asics Europe said it outperformed the market in the nine months from last January to September, as its sales rose by 13.2 percent over the period. Without giving specific figures for its running shoes, Asics indicates that it grew faster than the respective 4.0 percent and ...
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Columbia posts a record year for sales and profits
Columbia Sportswear recorded excellent figures for its 2011 fiscal year, when sales soared by 14 percent to $1.694 billion. For the fourth quarter alone, turnover was up by 15 percent and reached $526.1 million. Net profit was up by 40 percent to $36.7 million for the same period. For the ...
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Wolverine’s outdoor sales rise by 4.5%
Wolverine World Wide has reiterated its intention to carry out acquisitions. The focus remains on buying new brands, but the group does not rule out a move that could increase its retail activity. There is speculation that Wolverine is interested in Saucony, Sperry Top-Sider and other properties of Collective Brands.The ...
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Innovation in the ski market
Skis featuring the rocker technology in all possible variations remain the biggest product innovation in the ski market. Most of the ski suppliers offer rocker skis for all types of skis – freestyle, freeride, all-around, touring, kids' and all-mountain skis. The German sporting goods industru federation, BSI, estimates that about ...
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Shifts in market shares for the ski brands in Germany
The market research agency GfK recently published figures on the German market for alpine skis and ski boots for the September–December 2011 period. The study shows the market share of the biggest ski and ski boot suppliers in Germany during this period as well as the sell-out figures of the ...
