Latest Headlines – Page 376
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K-Swiss issues a warning on margins, but wants profit in 2012
After two years of aggressive advertising and promotion spending to reposition the brand into performance running, tennis and training shoes, K-Swiss plans to realign spending with revenues expected to return to profitability next year. It anticipates to post a small profit in 2012.In the meantime, the American company revised downwards ...
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BasicNet’s aggregate sales rise by 13.2 percent
BasicNet reported a 13.2 percent increase in its direct sales and those of its licensees in the first half of the year to €198.0 million, driven by strong growth in the Asia-Pacific region. On a currency-neutral basis, sales were up by 18.0 percent.Royalties and sourcing fees were up by 12.5 ...
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Double-digit growth for Timberland
Timberland reported a net loss of $20.1 million for the second quarter, down from a loss of $23.5 million in the same period a year ago, as sales rose by 27.1 percent to $240.1 million, up 20.6 percent on a constant dollar basis.The gross margin declined by 2.1 percentage points ...
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Columbia is strong, less so in the U.S.
Columbia Sportswear achieved impressive sales figures for its second quarter, lifting its turnover by 20.8 percent to $268.0 million. The U.S. delivered the smallest share of the rise, as the group's turnover in the country firmed up by 4.3 percent. Canada, a traditionally strong market for Columbia products, was up ...
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Décathlon enters Sweden at last
After two years of preparation, the world's largest sporting goods retailer has finally signed all the contracts that should enable it to open its first store in Scandinavia by the end of this year, in time for the important Christmas selling season. Located in the northwest of Stockholm, near a ...
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Some respite for cotton
The International Cotton Advisory Committee is predicting a fall in cotton prices over the next year due to a projected 8 percent increase in global production during the 12-month period ending in September 2010. Shortages drove the average price of cotton to a record of US$1.64 per pound during the ...
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Rapala will start an Indonesian plant in the fourth quarter
Rapala expects to start the production of soft plastic lures in a new manufacturing unit on the Indonesian island of Batam in the fourth quarter. The project was approved by the Indonesian government in June and represents an investment of €0.5 million. The facility will employ 150-200 people and will ...
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Shimano ups full-year sales guidance
Along with the release of its first-half results, Shimano upgraded its sales guidance to ¥225.0 billion (€2.0bn-$2.8bn) for the full year, up from an earlier forecast of ¥220.0 billion. The new target represents a 5.3 percent increase compared with the 2010 top line. However, the Japanese company slightly trimmed its ...
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International success has Sports Direct wanting more
Sports Direct International (SDI), the leading British sports retailer and wholesaler, raised its stake in Blacks Leisure Group to 21.3 percent in the past few days. The rapidly expanding company, which has made other questionable strategic and portfolio investments recently, had seen its stake in the struggling British outdoor retailer ...
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Go Sport has plans to get back in the black
Groupe Go Sport continues to lose money, but the management of the French sporting goods retailer is convinced that it has found the recipe for its financial turnaround. Briefly stated, it will consist of a closer partnership with the brands, to differentiate from Décathlon, combined with more targeted product ranges ...
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Sport 2000 wants to do more marketing
The mood was buoyant at the general assembly of Sport 2000 International held in Sofia a few weeks ago, as the international buying group enjoyed robust sales last year and is preparing to step up its marketing investments in the Sport 2000 banner. The estimated retail sales of the buying ...
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Fila makes new moves in Europe
Marzio Coizzi, a 59-year-old Italian manager who worked for the brand for 23 years until 2004, is coming back in the role of commercial director of Fila for Europe, the Middle East and Africa. Based at a new office near Biella, where the brand was born 100 years ago, he ...
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Another fund buys Jack Wolfskin; Hell quits
Jack Wolfskin has changed ownership after a couple of months of negotiations with various bidders. Blackstone, the private American equity firm, is taking over the “Paw.” The sellers, Quadriga Capital and Barclays Private Equity, which had reportedly paid about €93 million for the German outdoor brand, plus assumption of debt.The ...
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VF is optimistic after a good quarter
VF Corporation, the owner of The North Face, Vans and many other outdoor, sports and fashion brands, has upgraded its guidance for sales and profits for the full year, after all of its units continued to blaze ahead in the second quarter and it managed to limit the impact of ...
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Accell’s sales rose by 9% in first half
Accell Group increased its turnover by 9 percent to €373.0 million in the first half of 2011 as the Dutch group continued to benefit from both organic growth and acquisitions. Organic growth contributed 3 percentage points to the rise and the remaining 6 points were attributable to the acquisition of ...
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Puma becomes an SE
Puma's registration as a “Societas Europaea” became effective yesterday, triggering a number of expected management changes prior to the publication of the company's quarterly results on Wednesday and those of its parent company, PPR, on Friday. As a European Corporation (SE), which will ease cooperation across borders, Puma will have ...
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Amer pushes e-commerce, own retail
Amer Sports plans to increase sales from e-commerce and corporate single-brand stores to 10 percent of the group's net sales. The group has already started pilot e-commerce operations in France for Salomon and Suunto, and now plans to launch new online shops in other parts of Europe and North America.Victor ...
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Adidas invests in Latin America
As shown by the figures from Vulcabras and Alpargatas in our athletic footwear chart, Latin America is currently the fastest-growing market for sports shoes in the world. The importance of the region for the Adidas Group was underlined by its chief executive, Herbert Hainer, at a press conference in Buenos ...
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Brazil’s leading sports retailer readies an IPO
Grupo SBF, the fast-growing company that runs the Centauro and By Tennis chains of sporting goods retail stores in Brazil, is preparing to go public in 2013, if the market conditions at the time are favorable on the eve of an explosion of the market that will no doubt coincide ...
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India may become more attractive for foreign retailers
The Committee of Secretaries, an advisory body grouping representatives all the relevant ministries of the Indian government, issued a much-awaited recommendation last Friday that foreign companies should be allowed to acquire a controlling stake of 51 percent in multi-brand retail in the country.To help protect the numerous small, traditional retailers ...
