Latest Headlines – Page 403
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Medatletic Buys Skimeter
Skimeter is an innovative French company that markets Docmeter, a brand of protective equipment for various sports including skiing, snowboarding, biking and skating. It also has patents on other products including the Air System, which customizes a helmet through a combination of internal airbags. Another innovative product by Skimeter is ...
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Angel Des Montagnes Joins Innovaski
While looking for new investment opportunities in the ski, golf and tennis sectors, ADM Créations, a new French holding company run by Bernard Liatti, plans to introduce a range of elegant and comfortable pullovers, caps and other after-ski products under the Angel des Montagnes brand name at February’s Winter Ispo ...
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Norway’S Xxl Sport Is Setting Sail For Sweden Under Eqt’S Ownership
Swedish suppliers and retailers are awaiting with some trepidation the arrival of XXL Sport, the Norwegian operator of mega-sized sports stores, which is set to open three locations in Sweden by the end of the year. The plans call for two openings in Stockholm and one in Gothenburg.The first one ...
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Foot Locker Earns More
Despite a 0.3 percent downtick in sales to $1,096 million in the second quarter ended July 31, Foot Locker managed to record $6 million in net income, compared with a break-even result last year. Comparable store sales rose by 2.5 percent, or by 1.3 percent on a currency-neutral basis. The ...
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Toko Glides From Mammut To Swix
Effective Sept. 1, Swix Sport is acquiring the entire operations of Toko from Mammut Sports Group. Technically speaking, the two ski wax brands will be merged under the helm of a newly created company, Toko-Swix Sport AG, which will be a 100 percent subsidiary of the Norwegian vendor. Swix takes ...
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Indian Supplier Takes Over Switcher
Switcher, the Swiss sports, outdoor and casual apparel company known for its use of sustainable products, is now controlled at 51 percent by PremDurai Exports Private, an Indian company that has been an original manufacturer of Switcher products for around 25 years and that has held the Indian retail license ...
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Implus Acquires European Distributor
Implus Footcare, a major American supplier of footwear accessories, has acquired its European master distributor, Eurosphere/Anticipation. The move is intended to expand the group’s presence in European outdoor and sporting goods stores, similar to its situation in the U.S. and the U.K., which represent more than 85 percent of its ...
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Li & Fung Makes More Acquisitions As The Economy Improves Its Results
While announcing excellent financial results, Li & Fung announced two big purchases. The big Chinese trading company is buying an American footwear company, Jimlar Corporation, and plans to buy a Hong Kong logistics firm, Integrated Distribution Services (IDS). In the first half of this year, Li & Fung’s turnover ...
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Asics Will Double European Marketing Spend
Asics Europe plans to double its marketing spending, on top of an increase in investment in Spain, which it considers to have the biggest growth potential of Europe’s top five markets. Asics Europe already signed a three-year deal with Eurosport leading up to the 2012 Olympics, and is the new ...
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Mizuno’S Net Income Up By A Fifth On Tiny Rise In Sales
The Japanese company reported a slight 0.4 percent uptick in sales to ¥41,156 million (€375.3m-$481.4m) for the first quarter ended June 30, while net income rose by 20 percent to ¥1.2 billion (€10.9m-$14.0m). The gross margin climbed by 2.8 percentage points to 42.8 percent. Mizuno experienced double-digit growth on a ...
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Higher Costs Depress Head’S Results
Sales crept up by 3.0 percent to €59.0 million for Head for in the second quarter ended June 30. The company ended up with a net loss was €8.0 million, up from a loss of €5.3 million last year. The results included a net tax benefit of €1.9 million this ...
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Outdoor Segment Leads Johnson Results
Johnson Outdoors has reported that its total revenues for the third quarter ended July 2 rose by 7.9 percent to $124.0 million, with a 1.4 percentage point increase in gross margin to 41.5 percent. Operating profit was up by 26 percent to $13.4 million, and net income grew by 15.6 ...
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Cycling Group Helps Dorel’S Rec/Leisure Segment Rise
A 7.9 percent increase in sales was recorded in Dorel’s recreation and leisure segment, to $214.9 million, for the second quarter ended June 30. Operating earnings rose by 6.8 percent to $17.1 million, despite negative effects related to the exchange rate with the euro. On an organic basis, excluding acquisitions ...
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Giro Launches New Initiatives For Helmets And Shoes
Easton-Bell had an 8.3 percent increase in revenues to $202.8 million for the second quarter ended July 3. Operating income rose by 36.0 percent to $20.1 million, and net income improved by 27.5 percent to $5.0 million. Gross margin rose by 1.8 percentage points to 34.0 percent as a result ...
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Taiwan And Vietnam Export More Bikes To Europe; Malaysian Shipments Are Investigated
Taiwan’s bike business with European customers is booming again. The volume of the country’s total bike exports for the second quarter of 2010 jumped by 31 percent to $289 million after 2009 saw disappointing results. Export to the EU alone surged by 66 percent to $147 million, led by a ...
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Heelys Turns Around From Last Year’S Loss
Despite a 29.0 percent plunge in revenues to $8.8 million for the second quarter ended June 30, Heelys managed to report net income of $473,000, compared with a loss of $1.6 million in the same period in 2009. The gross profit margin jumped by 9.3 percentage points to 42.2 percent. ...
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Crocs Turns Around In The Quarter
In the second quarter ended June 30, Crocs recorded a 15 percent increase in turnover to $228.0 million, with growth in all sales channels. Wholesale revenues were up by 12 percent to $140.0 million, retail grew by 20 percent to $66.4 million, and e-commerce did very well, up by 24 ...
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Pro-x Elements, A New Brand Of Rainwear From Germany
This new brand of rainwear was launched at the OutDoor show in Friedrichshafen last month by Matthias Cramer, a 55-year-old German industry veteran. Specifically designed for the global sporting goods and specialty outdoor retail circuit, Pro-X Elements is primarily intended to fill a gap in the German-speaking market caused by ...
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The Global Sports Goods Market Fell By 2% In 2009
According to the NPD Group, global sales of sporting goods to consumers declined by 2 percent in 2009 to $282 billion, the first annual drop since 2005, when the international market research company started tracking down the evolution of the world market. However, NPD expect the figures to rebound with ...
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Most Big Brands Suffered From 5.4% Dip In Global Apparel Market Last Year
In dollar terms, the European market for athletic apparel slipped by 5.4 percent in 2009 to $18,205 million, faring just slightly worse than the U.S., which dropped by 5.0 percent to $25,833 million. Increases were seen in the Asia-Pacific region, up by 4.7 percent to $12,936 million on the strength ...
