Latest Headlines – Page 371
-
Article
Winter, outdoor sales underpin Amer’s growth
Amer Sports increased its sales by 20 percent in the third quarter to €559.2 million, owing to another strong performance by its winter and outdoor division, which benefited from earlier deliveries and higher pre-orders than the previous year for winter sports equipment. The turnover of the Finnish group rose by ...
-
Article
More losses for Callaway
Appointed as Callaway Golf's new chief executive four months ago, Tony Thornley is attributing the latest losses to a challenging golf market as well as the lack of a coordinated product and marketing plan that would respond to consumers' preferences. Noting that Callaway is on track to save $50 million ...
-
Article
Losses mount at JJB Sports
In reporting higher losses for the first half ended July 31, the management of the recently refinanced sporting goods retailer said its results for the current financial year will be worse than expected in the absence of a turnaround during the critical Christmas selling period. However, it declared itself confident ...
-
Article
Skechers’ domestic sales collapse, but there is hope in fitness
Skechers booked a 48 percent decline in wholesale sales in the U.S. in the third quarter ended on Sept. 30, pushing its global turnover down to $412.2 million from $554.6 million a year earlier. The company, which is overhauling its product range, expects to continue facing challenges in the fourth ...
-
Article
Skechers takes over Japanese distribution
Separately, Skechers has set up a subsidiary in Japan to have a direct presence in the country with the aim of more than doubling its business over the next three to five years and turning Japan into one of its largest foreign markets. Until now, Skechers was distributed by Achilles ...
-
Article
PPR’s sport and lifestyle sales up by 17.8%
Sales of sport and lifestyle products at the French conglomerate PPR rose by 17.8 percent to €923.7 million in the third quarter. Comparable sales were up by 9.9 percent. Since July 1, the division consolidates Volcom. The American brand of surf, skate and snowboard clothing and accessories was bought by ...
-
Article
Puma takes over in Israel
Puma is establishing a sales subsidiary in Israel, but Grundman & Company, which has represented the brand in the market for 20 years, is going to remain involved as a retail franchisee and as a non-exclusive wholesaler, using its own warehouse to service smaller retailers in the country. Nike operates ...
-
Article
Marker Völkl goes direct in France
As it has already done in other countries, Marker Völkl is distancing itself from its longtime Italian partner in France. As of Nov. 1, sales and marketing of Marker and Völkl in the country shifted from the French subsidiary of Tecnica Group to a newly created French subsidiary of Marker ...
-
Article
Jarden’s outdoor segment grows by 17%
Jarden Corporation is predicting a sales increase of more than 3 percent for its Outdoor Solutions segment for this year. At $707.3 million, the segment's sales were up by 17.0 percent in the third quarter from the corresponding level a year ago, and they generated a 24.7 percent higher profit ...
-
Article
Greek shipping magnate may buy Kaufhof
After the investment company of Nicolas Berggruen recently acquired Karstadt, which has just launched a karstadtsport.de e-commerce operation, another investment firm, Signa, is said to be in the running of take over its major rival, Kaufhof.However, Metro stressed last week that it is in no hurry to sell its department ...
-
Article
Skullcandy sets up European office
Confirming an earlier report, the American supplier of trendy headphones for sports enthusiasts and other people says it is setting up a European sales office in Zurich that will have a staff of 13 to 15 employees by the end of this year, rising to 25 to 30 by the ...
-
Article
Shimano reels back its forecast
Shimano trimmed its sales and profit forecast for the full year as it suffered from the weakness of the American and European economies in the last quarter, as well as the appreciation of the yen. The Japanese company still managed to lift its sales by 3.7 percent to ¥161,602 (€1,503m-$2,069m) ...
-
Article
Rapala expands Indonesian facility
VMC, Rapala's hook manufacturing unit, has decided to establish a production line in Indonesia. The site will be located near the group's lure manufacturing facility on Batam Island, a special economic zone set up by Indonesia and Singapore.The factory will mainly produce single hooks and serve Rapala's lure manufacturing sites ...
-
Article
Sharp cost-cutting at K-Swiss
Hit by a sharp decline in American orders, K-Swiss managers said the company's costs would be “viciously attacked” to redress its sagging profit margin and to align the group's structure with the current situation. Costs could be reduced by about 20 to 25 percent next year.The drastic move comes as ...
-
Article
Puma grows by 10.2% currency-neutral
The expansion of Puma's apparel range and an increasing number of product initiatives aimed at differentiating its lifestyle and performance sports offerings helped to boost the company's sales in the third quarter ended Sept. 30. They grew by 7.3 percent in euros to €841.6 million, but in terms of local ...
-
Article
VF Corp. raises guidance after a good quarter
VF Corporation's net profit rose by 23.8 percent to $301.4 million in the quarter, beating analysts' estimates, as total revenues increased by 23.3 percent to $2.75 billion, driven by strong gains at Vans and The North Face and by better-than expected results for newly acquired Timberland. Excluding Timberland and its ...
-
Article
Intersport Sweden closes ranks ahead of market upheavals
The upheavals to come in the Swedish sports market have precipitated far-reaching strategic changes at Intersport Sverige, which is going ahead with the near-complete integration of its stores and introducing the Budget Sport banner in the country next year.Budget Sport, a low-cost format that has already been introduced by Intersport ...
-
Article
Yet another entrant in the crowded Swedish market
Usports, a new Swedish sports retailer, is to open its first store on 5,000 square meters in Malmö this week. The retailer's business plan calls for the opening of two more stores next year, starting with Vasteras, and then four to five openings per year to reach a network of ...
-
Article
Go Sport had a mixed quarter
Groupe Go Sport has reported a 4.6 percent drop in its consolidated revenues to €181.8 million for the third quarter ended Sept. 30, down by 3.7 percent on the basis of comparable stores and currency exchange rates. Sales in France were off by 4.9 percent to €168.4 million, while those ...
-
Article
Eybl grows modestly
Intersport Eybl & Sports Experts (EAG), Austria's leading sporting goods retailer, increased its total sales by 2.5 percent to €410 million in the fiscal year ended Aug. 31. The share of Sports Experts, the group's discount chain, was €136 million. Across the group, the major sales increases were recorded in ...
