Latest Headlines – Page 410
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The Lifestyle Segment Of The Running Market Lost Steam In 2009
Global sales of running are weakening overall, but the figures are growing among actual runners, according to a new study by NPD Group. It found that overall sales of running shoes fell slightly in 2009: by 0.1 percent in Europe’s “Big 5” countries (France, Germany, Italy, Spain and the U.K.), ...
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Amer Manages To Turn Around
Amer Sports’ focus on profitability has apparently begun to pay off, starting with an improvement of 2.2 percentage points in its gross margin to 42.7 percent for the first quarter of this year. Among other factors, it benefited from an enhanced product mix and more judicious supply prices for Wilson, ...
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Head Estimates Ski And Tennis Markets
Head has quit informing analysts about the winter and racquet sports markets in regular conference calls, but its annual report, released a few days ago, provides some insights into the categories covered by the company. Head estimated that the alpine ski market shrank to about 3.1 million pairs of ...
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Basicnet’S First-quarter Sales Are Boosted By Asia
BasicNet booked an 11.8 percent increase in its aggregate sales (direct and through its licensees) in the first three months of the year to €90.7 million, thanks especially to a 169.4 percent rise in its Asian and Australasian revenues to €8.6 million. European sales rose by 9.1 percent to ...
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K-swiss Loss Increases, Concerns About Factory Closure
Revenues fell by 11 percent in the first quarter ended March 31 to $65.9 million, mostly on a 21 percent drop in the U.S. to $23.9 million. Sales abroad decreased by just 4 percent to $41.9 million. U.S. orders were up by 2.7 percent, but international orders fell by 4.3 ...
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Crocs Continues Its Turnaround
The plastic shoe maker reported turnover 23.7 percent higher to $166.9 million for the first quarter ended March 31. This comprised a 23.3 percent increase in retail sales to $34.4 million and a 26.1 percent rise in wholesale to $120.2 million. The net income was $5.7 million, compared with a ...
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Big Increases Seen At Skechers
Skechers’ sales grew by 44 percent to $492.8 million for the first quarter ended March 31. Net income jumped to $56.1 million, compared with $7.4 million in 2009. The gross margin leapt by 11.0 percentage points to 48.2 percent. Average selling prices went up by 38 percent, or $6.53, ...
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Columbia Shows Recovery In Europe And Beyond
As part of a robust quarterly performance that triggered an upgraded forecast for the full year, Columbia Sportswear hailed its return to growth in Europe, the Middle East and Africa (EMEA) during the first quarter ended March 31. Although its European sales continued to fall in the ...
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Spain, Italy And The U.K. Push Timberland’S Growth In Europe
In the first quarter ended April 2, sales at Timberland went up by 7 percent to $317.0 million, a 3 percent increase in constant currencies from the same period a year ago, with growth in Europe, Asia and North America. Operating income more than doubled to $39.4 million from $18.2 ...
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Outdoor And Action Sports Help Vf To Increased Sales And Margins
VF Corporation has reported that in the first quarter, group revenues rose by 1.4 percent to $1,749.9 million. Net income increased by 62 percent to a record $163.5 million for the quarter, thanks in part to foreign currency translations and lower pension expenses. Gross margins outperformed expectations. The Outdoor ...
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Outdoor Gear Leads Growth At Johnson Outdoors
Johnson Outdoors, citing improving economic conditions and a more stable outdoor recreational sector, reports a 6 percent sales increase to $112.9 million for the second quarter ended April 2. Currency effect contributed 2.1 percent to the growth. Operating profit was $8.1 million, up from $5.8 million in last year. ...
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Under Armour Plans To Make A Play For Basketball Market
First-quarter sales at Under Armour grew by 15 percent to $229.4 million, comprising a 13 percent increase in apparel sales to $172.6 million and 30 percent in accessories to $7.5 million. Footwear sales, however, dropped by 25 percent to $43.0 million. Net income rose by 81 percent to ...
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All Regions Show Growth For Shimano
Shimano’s net sales rose by 11 percent to ¥50.23 billion (€420.9m-$535.7m)for the first quarter ended March 31, with all geographic regions reporting increases. The gross profit margin rose by 1.5 percentage points to 36.0 percent, but net income fell by 8 percent to ¥5.07 billion (€42.5-$54.1m) Asia led the ...
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Rapala’S Sales Reach Record Levels
With an increase of 9 percent, sales at Rapala hit a record of €70.8 million in the first quarter ended March 31. On a currency-neutral basis, it was an increase of 6 percent. The operating margin went up by 1.1 percentage points to 16.5 percent. Profit before taxes jumped by ...
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The German Intersport Sues A Former President Who Was Nice To Its Members
Intersport Deutschland has taken its former president, Hartmut Fröhlich, to court for alleged improper use of the group’s assets and for actions that were not in accordance with the buying group’s own statutes and code of conduct. Kim Roether, who succeeded Föhlich two years ago as Intersport Deutschland’s president in ...
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Decathlon Grows By 4% On A Comparable Basis, Mostly Outside France
Oxylane, the parent company of Décathlon, has reported a 9.5 percent increase in its total sales to €5,440 million before VAT in 2009, reinforcing its position as the world’s largest integrated sporting goods retailer. The vast majority of the turnover was represented by the Décathlon retail stores as the other ...
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Strong Declines For Go Sport In France
Groupe Go Sport, the French sporting goods retailer whose sales declined last year by 3.7 percent to €694 million in absolute terms and by 2.8 percent on a same-store basis, is reporting even stronger declines for the first quarter of 2010, attributing them mainly to poor end-of-season sales and a ...
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Jd Sports Improves Across The Board
JD Sports Fashion has turned some great preliminary results for the fiscal year ended Jan. 30, indicating that it has been performing much better than its major competitors on the tough British market, partly because its target customers are younger. The retailer’s turnover grew by 15 percent to £769.8 million ...
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Major Mbo In German Sports And Shoe Retailing
The Fink family, which runs a major German chain of sports and shoe shops mainly located in the southwestern region of the country, has sold its shares to the company’s managing director, Günther Nold. He has worked for Fink Schuhe + Sport since 1982 and has been managing partner since ...
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Online Sales Drive Sportscheck’S Parent
The Otto Group achieved a 1.5 percent increase in its total revenues in the financial year ended Feb. 28, breaking the €10 billion hurdle and reaching a level of €10.1 billion. The management did not give any specific figures for the group’s profitability, but said it was clearly higher than ...
