Latest Headlines – Page 375
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Head claims higher market share in tennis
According to Head, the global tennis market declined in the first half of 2011, but remained fairly stable in Europe.Quoting market data, Head noted that in the U.S., sales of racquets and balls fell by around 5 and 2 percent, respectively. In Japan, the natural disasters in March drove the ...
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The diving business balances Johnson’s outdoor slump
The third quarter that ended July 1 was flat for Johnson Outdoors, the U.S. company that is strong in the marine and diving business, marketer of the Eureka! brand of tents and former owner of Jack Wolfskin for quite a while. Sales were down by 1 percent and reached $122.5 ...
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Foreign exchange rates depress Billabong
Billabong International saw its total revenues from continuing operations rise by 13.5 percent to $1.69 billion Australian dollars (€1.22bn-$1.76bn) in the financial year ended June 30, but its net profit on ordinary activities fell by 18.4 percent to A$119 million (€85.9m-$123.7m). On a currency-neutral basis, sales would have risen by 23.8 ...
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Globe fares better in Europe
The Australian action sports company booked a 12 percent sales increase in Europe for the financial year ended last June 30, recovering from a 32 percent decrease suffered the year before. However, in terms of Australian dollars, European sales declined by 8.9 percent to 15.0 million Australian dollars (€10.9m-$15.7m), while ...
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Mizuno is driven by footwear
Pushed down by the appreciation of the yen, total sales grew by 0.5 percent to 41.5 billion yen (€376.4m-$541.7m) for Mizuno Corporation in the first quarter ended June 30. Sales of shoes rose by 5.5 percent to ¥8.5 billion (€77.1m-$110.9m), representing 20.5 percent of the total quarterly turnover, with growth ...
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Deckers posts a temporary loss
Deckers Outdoor Corporation, parent company of Ugg, Teva, Tsubu and Ahnu completed on July 5 the acquisition of Sanuk, a surf-inspired brand of sandals and other types of shoes, whose sales jumped by 57 percent in the first half of this year to about $43 million. The brand is sold ...
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Heelys loses ground in foreign markets
Heelys' revenues fell by 5.7 percent to $8.3 million in the second quarter. They grew by 22.7 percent to $2.7 million in the U.S., but they were off by 15 percent in the rest of the world in spite of significantly higher sales in Italy and higher shipments to the ...
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Dorel’s higher-end bikes sell well
Strong demand for the group's premium models of bicycles by independent bike dealers all over the world boosted the turnover of Dorel Industries' Cycling Sports Group (CSG) in the second quarter. The strongest growth was recorded in Europe, where sales of road and mountain bikes to independent bike dealers jumped ...
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Easton-Bell’s higher-end products sell well
The American group reports increased sales of Giro cycling helmets in the specialty channel during the second quarter ended July 2, combined with higher sales of Easton branded cycling wheels and components, higher sales of high-priced power sports helmets and the introduction of the new line of Giro branded cycling ...
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Black Diamond Inc.improves sales and margins
Black Diamond Inc., the marketer of the Black Diamond and Gregory brands, reached sales of $28.3 million in the second quarter ended June 30, compared with $7.7 million in the same period of 2010. On a pro forma basis, including the sales of Gregory Mountain Products prior to its acquistion ...
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Xidelong’s owner shifts output to inland China
Noting that all the players in the athletic footwear and apparel market are facing weaker bargaining power with Chinese subcontractors, Exceed Company says it plans to capitalize on the abundant supply of labor in the inner and western parts of China, acquiring local manufacturers of footwear soles and apparel and ...
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OutDry gets new clients, keeps busy on the legal front
OutDry Technologies, the company acquired by Columbia Sportswear one year ago, has found several new customers for the application of its water-resistant membranes to gloves. One is Browning, the hunting gear company. Another one is a company in the bike sector whose identity will be revealed just before next month's ...
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Rocky Brands improves margins on less military
Rocky Brands suffered a decline in sales to the U.S. military as well. It was partly offset by higher retail and wholesale revenues, but the drop nevertheless led to a decline of 5.5 percent in total sales to $52.3 million in the second quarterAs military sales carry lower prices and ...
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Bikes are used by 7% of EU populace
A study of citizens of the 27 member countries of the European Union by the Gallup Organization has found that about 35 million Europeans, or 7 percent of the total, use a bicycle as their primary means of transportation. The EU commissioned the study, which also found that 53 percent ...
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Adidas charges ahead, Reebok suffers American dip
After a second quarter marked by robust underlying growth in all regions, the Adidas group lifted its sales forecast for the full year. While Reebok's drive weakened, the Adidas brand continued to charge ahead, with particularly remarkable gains in Europe. The entire group's sales jumped by 5.0 percent to €3,064 ...
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Puma’s quarterly sales accelerate
Puma confirmed its goal of reaching revenues of €3 billion this year after posting sales of €673.5 million in the second quarter, up by 9.4 percent in euros and by 14.1 percent in constant currencies. Including sales under license, global brand revenues increased by 9.9 percent to €709 million, 14.4 ...
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Cobra ready to strike after Puma takeover
Just over one year after Puma's acquisition of Cobra Golf, the golf entity of the Puma group has completed its integration and is preparing to take full advantage of the tie-up, with reinforced sales teams and wider distribution.The number of employees at Cobra Puma Golf at its head office in ...
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Callaway wants to spend less, market more
In reporting on a disappointing quarter for Callaway Golf, Tony Thornley, the member of the board who was appointed interim president and chief executive in June, announced a new restructuring plan supposed to save about $50 million a year. Up to half of those savings will be reinvested in incremental ...
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Amer’s results get a hit in tennis and golf
The sluggishness of the golf and tennis markets badly deflated sales of the Wilson brand in the second quarter. The racquet sports unit of the Amer Sports group, which owns Wilson, saw its sales decline by 17 percent to €58.5 million for the three months, down by 12 percent in ...
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Japanese disasters fail to halt Asics, apparel takes off
The devastation that hit part of Japan in March has not prevented Asics, the Japanese group specialized in running products, from pursuing its sales expansion for the quarter ended in June. The turnover of the Asics brand for the three months jumped by 10 percent to ¥65,367 million (€581.7m-$823.1m), with ...
