Latest Headlines – Page 386
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Nautilus’ quarterly sales are flat
Nautilus reported sales of $53.7 million in the fourth quarter, unchanged from a year earlier, while gross profits were hit by discounting on home gyms. Revenues were supported by a 104.3 percent increase in royalty income to $1.6 million, while sales through the direct channel dropped by 2.3 percent to ...
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Dorel’s bicycle sales grow strongly
Revenues at Dorel Industries' Recreational/Leisure division, which includes the Cannondale, Sugoi, Schwinn, GT, Mongoose, IronHorse and Instep brands, rose by 17.2 percent in the fourth quarter ended Dec. 30 to $205.9 million. At constant currency rates, organic sales rose by nearly 19 percent.Turnover was driven by mass market products, whose ...
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More aid flows to Japan
We already reported in the last issue on the statements made by Asics, Adidas, Nike, Shimano, Billabong and Icebreaker following the natural disasters that hit New Zealand on March 3 and the northern cost of Japan on March 11, triggering nuclear fall-out. Many other big players in the sporting goods ...
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Adidas looks ahead for environment improvement
Adidas has presented a new five-year environmental strategy, designed to change the company's approach to environmental management by working on improving all the points of the entire value chain. The new plan was published along with the company's 2010 Sustainability Report. One aspect of the plan is a commitment to ...
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PPR launches a group-wide green initiative
Moving beyond the initiatives taken by Puma in this domain and the traditional corporate responsibility model, PPR Group has launched PPR Home as an integrated sustainability platform for its luxury, sport & lifestyle and retail divisions. It has budgeted investments of €10 million, indexed on the group's dividends to implement ...
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Aid flows to distressed Japan
Last week's devastating earthquake in northern Japan, with the resulting tsunami and the accompanying nuclear power failure, have prompted industry executives in Japan and the rest of the world to pledge their support to the victims of the disaster, and to comment on the impact on their own operations.Asics said ...
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Nike will post price increases to keep margins
Nike's third-quarter gross margin fell by 1.1 percentage points to 45.8 percent largely due to higher product and airfreight costs. The trend will accelerate in the fourth quarter and persist throughout the next fiscal year ending in May 2012. The company expects a drop of at least 3.0 percentage points ...
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Adidas reinvests in marketing and bonuses
Adidas launched a global brand campaign last Wednesday under the “Adidas is Aal in” tagline. For the first time, it promotes its Sport Performance, Originals and Sport Style sub-brands in one go, showing the fusion of sport, music and fashion and the brand's distinctive presence in different sports, cultures and ...
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JD gives up on JJB Sports
JD Sports Fashion announced last week that it was no longer a candidate to the acquisition of JJB Sport. JD announced last Feb. 2 that it was in an early stage of discussions with JJB's board of directors in relation to a possible takeover offer. It subsequently asked for information ...
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Young strategist becomes Puma’s CEO
Puma has opted for both continuity and rejuvenation in picking Franz Koch, the company's young head of global strategy, to become its chief executive in a few weeks' time. He has become a member of Puma's management board since the start of this week. Koch has been helping to set ...
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Quiksilver’s quarterly sales are lifted by DC
Quiksilver posted higher-than-expected first-quarter results thanks to a strong performance of its DC brand and strong demand for winter sports and technical snowboard apparel. Group revenues fell to $426.5 million in the three months to Jan. 31 from $432.7 million a year earlier but were up in constant currency rates. ...
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French sports market up by 1-2%
The French market for sports shoes and apparel rose by 2 percent to €5.8 billion in 2010 after declining in 2008 and 2009. Sales, at retail price, totaled €3.8 billion for apparel and €2.0 billion for shoes. These partial figures were released by NPD Group, whose retail and consumer surveys ...
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Tecnica performed well in 2010
After going through a couple of rough years due to the international financial crisis, Tecnica Group made a strong rebound in 2010, with sales increases for most of the brands in its large portfolio. According to preliminary figures, the group's total revenues rose to about €378 million in 2010 from ...
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Rossignol hires more seasonal workers
After laying off 131 employees in France in order to return to profitability, the Rossignol Group has decided to double to 40 the number of additional employees being recruited at its ski factory in Sallanches for the production of junior skis. The French group had originally indicated that it wanted ...
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VF wants $5 billion more annually by 2015
Expanding on the objectives already laid out for The North Face last December (see vol. 3-27+28 of The Outdoor Industry Compass dated last Dec. 20), managers of the global apparel giant have laid out a more comprehensive strategic growth plan for the whole group that would take its overall annual ...
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Briko should grow by 35% this year
For this Italian brand of cycling and ski eyewear, helmets and clothing, which recently went under new ownership, this big anticipated growth of 35 percent will be fueled by significant technical innovations and an expansion of its international sales network. The technical novelties at Briko concern the product line as ...
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Adidas Group strides forward
Unwavering investments by the Adidas Group paid off with a vigorous pick-up in sales last year. The company's managers said that it had outgrown its rivals with broad increases in turnover and margins, and brushing uncertainties aside, they upgraded their forecasts for this year.The group boasted a sales jump of ...
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Sports Direct trims debt
Sports Direct International expects to reduce its debt faster than expected as it continues to register strong sales growth in the U.K. The company confirmed its target of an underlying gross profit (Ebitda) of £205 million (€241.7m-$333.7m) for the full year ending in April 2011. Ebitda is expected to be ...
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BasicNet’s 2010 sales rise by 16.2%
According to preliminary figures, BasicNet ‘s aggregate sales, which comprise direct sales and those achieved by its licensees worldwide, rose by 16.2 percent to €367 million last year, driven by Asia, where the turnover nearly trebled. Sales in the Middle East and Africa rose by 9 percent and European sales ...
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J. Lindeberg adds Germany to list of subsidiaries
After setting up its own offices in Austria and Switzerland in the last two years, J. Lindeberg, the Swedish brand of golf and ski apparel, has opened a subsidiary in Germany. The German operation is headed by Peter Stecher, formerly at Peak Performance, in charge of sportswear sales in the ...
