Latest Headlines – Page 400
-
Article
Rapala Improves Sales And Margins
Rapala VMC Corporation, the Finnish maker of fishing equipment, reports that its net sales for the third quarter increased by 21 percent to a quarterly record level of €60.6 million. For the first nine months of the year, revenues were €209.0 million, 14 percent over the same period in 2009. ...
-
Article
Golfsmith Sees Promise Of E-commerce
Total third-quarter revenues a Golfsmith rose by 3 percent to $93.3 million, bolstered by a 5.8 percent gain in direct-to-consumer sales and negatively impacted by a 1.7 percent decline in comparable store sales and a 3 to 6 percent drop in store traffic, depending on door location. The growth in ...
-
Article
U.S. Wholesale Leads Skechers’ Impressive Growth
Skechers saw sales grow by a solid 37 percent to $554.4 million for the third quarter ended Sept. 30, while net income rose by 49 percent to $36.4 million. The gross margin rose by 0.3 percentage points to 45.6 percent. The sales gains were broad-based but led by the ...
-
Article
Amazon Extends Its Reach In The Broad European Fashion Market
Amazon.com, which was recently rated as the strongest retail brand in Europe in an online survey of consumers, is not bringing over Zappos.com, the big virtual shoe retailer it bought in the U.S. last year, but it is offering more and more shoes and apparel through different websites in different ...
-
Article
Europarliament Clears Origin Labeling For Shoes
By a large majority, the European Parliament approved last Thursday a proposal to introduce mandatory origin labeling in the European Union for some products manufactured outside the union. Goods produced within the EU, Turkey, Switzerland, Iceland, Norway and Liechtenstein would be exempt. The goods covered by the proposed ...
-
Article
Europe Sources Less Clothing In Asia
Imports of all kinds of clothing into the European Union fell by 4.4 percent in the first half of this year to €26.9 billion, representing the first decline in many years. The new trend may indicate that European importers are beginning to consider alternative sources that are closer to their ...
-
Article
Puma Plans 5-year ‘Attack’
More focused investments in emerging markets, an entirely revised supply chain and more distinct product ranges are part of a strategic overhaul launched by Puma to exploit a sales potential estimated at €4 billion by 2015, which would amount to incremental sales of about €1.5 million compared with last year. ...
-
Article
Jjb Cuts Losses, But The Turnaround Is Not There Yet
The financial turnaround of the troubled British sporting goods retailer is expected to take up to three years, according to the management. JJB Sports reported an operating loss of £24.6 million (€28.1m-$39.0m)on 10 percent higher revenues of £184 million (€210.3m-$291.7m) in the first half of the year through the end ...
-
Article
Swift Changes In The British Snow And Outdoor Retail Landscape
The British outdoor retailing business has seen a spate of financial transactions in the last weeks, underlining the interest of investors in this growing market and paving the way for accelerated expansion of a few market leaders. Dion Taylor, managing director of Snow+Rock, has led a management buy-out ...
-
Article
Private Labels Help Eybl To Grow
In its fiscal year ended Aug. 31, Sport Eybl & Sports Experts increased its turnover by 5.3 percent and reached a level close to €400 million. Regioplan, the Vienna-based market research firm estimates the big Austrian sporting goods retailer’s market share at some 25 percent. The increase ...
-
Article
Riverside Buys Arena From Another Fund
A fund of the U.S. private equity firm Riverside has bought a 100 percent stake in Arena from another fund based in Milan, BS Private Equity, for an estimated enterprise value of about €100 million, including assumption of debt. Arena’s debt is estimated at around €20 million. The ...
-
Article
Rossignol Expects A Net Profit, Repatriates Some Production
Led by Bruno Cercley, the new management appointed at the head of the Rossignol Group in November 2008 is predicting a net profit of around €7 million on relatively stable revenues of just over €200 million for the financial year ending next March 31. That compares with a loss of ...
-
Article
Georges Salomon Has Passed Away
An estimated 1,000 people attended the funeral services held in Annecy last Friday to honor Georges Salomon, the man who founded the company bearing his name. Affected for some time by Alzheimer’s disease, he passed away last Tuesday at the age of 85 years. A visionary, he was always ...
-
Article
Amer Sports Appoints A Head Of Apparel
The appointment, which surprised some observers, is related to the plan outlined a few days by the newly minted president and chief executive of Amer Sports, Heikki Takala, to grow sales of softgoods from 55 percent to two-thirds of the revenues of its Salomon division. It may be recalled ...
-
Article
New Management At Prince
Gordon Boggis has taken over as chief executive of Prince Sports, assuming most of the functions of the company’s former chairman and CEO, George Napier. The latter is retiring, but he will continue to be involved in the company as vice chairman and as a minority shareholder. Pointing out ...
-
Article
Musical Chairs At Nike
Marcos Garzos is returning to his native Barcelona to act as general manager of Nike Iberia in the place of Carlos Homédes, who was dispatched by the group to the U.S. head office in August to take charge of Nike’s global football business. Garzos worked most recently at Nike EMEA ...
-
Article
New Generation At Titus
Julius Dittmann and Peter Vincent Schulz (nicknamed PV Schulz) constitute the new management of Titus GmbH. The 27-year-old Julius Dittmann is the son of Titus Dittmann, founder of the successful German skateboard company that bears his own name. Together, the 27-year-old and PV, who is 54 years old, form a ...
-
Article
Billabong Buys 38 More Stores
Billabong International’ verticalization process goes on with the surfwear company signing an agreement to buy 38 stores in Australia, including the Surf Dive ‘n’ Ski (SDS) and Jetty Surf retail banners, from General Pants for an undisclosed sum. The deal includes their internet business and two licensed Billabong ...
-
Article
Fila Korea Completes $100 Million Ipo
Fila Korea, which purchased the Fila brand from Sports Brands International in March 2007, raised 113.8 billion won (€72.7m-$100.8m) by offering 3.25 million new and existing shares on the Korean stock market in an initial public offering. The proceeds will be used to pay down debt contracted for Fila’s acquisition ...
-
Article
Li Ning’S Orders Slow Down And Become More Expensive
Li Ning’s orders for the first quarter of the 2011 financial year were up by 12 percent after its Brand Products Trade Fair. The order intake marks a deceleration as compared to a 20 percent rise for shipment due in the third and fourth quarters of the 2010 financial year. ...
