Latest Headlines – Page 421
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Callaway Sees The Majors Gaining Market Share In A Tough Market
For the third quarter ended Sept. 30, Callaway Golf reported an 11 percent drop in sales to $190.9 million. It also widened its net loss, with a negative $16.1 million compared with a loss of $7.4 million in the same period last year. The gross margin fell by 6.3 percentage ...
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Acushnet Sees Golf Market Down By 12-15%
Acushnet expects the global golf market to be down by 12 percent to 15 percent for 2009, but this company, which is Fortune Brands’ golf division, should do better. In the third quarter, it had a 9.5 percent drop in sales to $278.6 million in the third quarter, or a ...
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Volcom Beats Guidance With 16% Drop In Sales
Revenues declined by 15.9 percent to $93.9 at Volcom for the quarter ended Sept. 30, but that was $9 million better than the company’s most optimistic expectation. Net income dropped by 19 percent to $13.3 million. The gross margin grew by 2.2 percentage points to 51.6 percent. In Europe, ...
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Cybex Reaches Outside Health Clubs
Sales fell at Cybex International by 18.9 percent of $29.0 million for the third quarter ended Sept. 26, while net income plunged by 76.2 percent to $81.0 million. Cardio equipment dropped by 15 percent to $16.4 million, while strength equipment weakened by 26 percent to $10.1 million. “Other” went down ...
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Sales Fall Less Than Expected At Columbia, Which Suffers In Russia
Columbia Sportswear saw revenues decline by 4.0 percent to $434.5 million for the third quarter ended Sept. 30, and net income fell by 19.6 percent to $46.9 million. However, the sales decline was more than $30 million better than forecast. The company attributed this to relatively cold weather and higher-than-expected ...
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Another Good Period For Fenix Outdoor
Fenix Outdoor, the company behind brands such as Fjällräven, Tierra, Primus and Hanwag as well as the Swedish retail chain Naturkompaniet, posted strong figures for the first nine months of 2009. In the period from January to September, total net revenues were up by 17 percent and reached 874.4 million ...
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Lafuma Reports Declines, Especially In France
For its fiscal year 2008-09 ended Sept. 30, the Lafuma Group recorded a sales decline of 3 percent to €254.2 million. While the international business was basically flat at €104.0 million (-0.1 percent), sales decreased by 4.9 percent in the French home market to €150.2 million. The environment ...
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Brown Shoes Performed Better Than Athletics In 2008
The casual segment of the so-called brown shoe market rose by 6.8 percent in U.S. dollars at the wholesale level worldwide last year, reaching an estimated level of $12.6 billion, with increases of 1.8 percent in the U.S. to $3.8 billion and 9.1 percent in the rest of the world ...
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Timberland Posts Higher Profits And Some Sales Increases
A turnaround is finally in sight. The revenues of Timberland were flat at $421.8 million in the third quarter, but rose by 1.7 percent excluding foreign currency effects, which decreased the total by about $9 million. The sales figures reflected strong growth in boots in Europe and in the SmartWool ...
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Golf Clothing Has A Significant Place In The European Market
The U.K. remains by far the biggest single market in Europe, but the rest of Europe has been gradually catching up in the past few years except in 2008, when the economic crisis hit the sector hard in certain countries such as Ireland, Spain and Russia. Using a relatively ...
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Golf Tech’S New European Distribution Network Seeks Synergies
A group of European golf distributors has teamed up under the leadership of Golf Tech, the biggest independent distributor of golf products in Austria, to offer one-stop coverage of the whole European market to prospective international brands – representing an interesting new business model. Founded in 1988, Golf Tech ...
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Golf Usa Expands In Europe And Africa
The European arm of Golf USA, the specialist golf retailing franchise, is opening a second store in Germany this month, in Mössingen near Stuttgart, with a view to a broader roll-out in the coming years. The foray is modeled on the expansion achieved by the franchise in the Netherlands, where ...
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Dubai Golf Brand Sets Sights On Europe
Scorpio Golf, a relatively young golf apparel company from Dubai, is investing heavily in the development of its presence on the European market, to a point where it is even considering the opening of a European head office. So far it has focused on the corporate market in the Middle ...
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Wippe From France Enters The Golf Apparel Market
Wippe, a French brand of women’s golf apparel, has made a remarkable entrance in the international golf business. Positioned in the medium-high segment of the market, this new brand ended as finalist of the Golf Europe awards for the clothing category. Its snazzy jacket with a very light and water-repellent ...
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Cutter & Buck Is Branching Out Throughout Europe
Cutter & Buck, the American golf apparel brand acquired by the New Wave Group in Sweden two years ago, is widening its European distribution for next year. New Wave, which otherwise owns Craft and distributes several other brands and corporate products, has come up with an entirely new range for ...
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Bunker Mentality Expands Into The U.S. And On The Web
Bunker Mentality, the punky British golf apparel brand, is opening its own office in the United States to widen its international distribution. It will be based in Florida and headed up by Ian Redman, who has been with the company for several months. Bunker Mentality already has distribution partners ...
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Good Start For Geox’ New Golf Shoe Range
The big Italian shoe company doesn’t want to give any sales figures at this stage, but Per Aaagren, the high-caliber Swedish executive who is running Geox’ new golf shoe division, says it is on target with the distribution of its first line of technical golf shoes, which was first presented ...
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Taylormade Labs Wants To ‘Friend’ You
TaylorMade Performance Labs in the U.S. have joined Twitter and Facebook. The labs, which custom-fit golf clubs, will inform followers and friends of company news and updates, as well as give tips on fitting clubs from PGA pros. To promote the new service, anyone who goes to one of the ...
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Intersport Wants To Bring ‘Sport To The People’ With New Products And Stores
Intersport has decided to restructure its private-label offerings and the layout of its stores as part of a new integrated product, marketing and merchandising strategy based on an enhanced brand image and a new philosophy of bringing “sport to the people.” The idea is to project a more universal, active, ...
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Italy’S Sport Point Group Will Work With Sport 2000
Sport Point Group (SPG) is a highly secretive Italian consortium of independent sporting goods retailers that has been working until now with another buying group based in France, Twinner International. It was even a shareholder of Twinner, but it had apparently become critical of its collaboration with Intersport in France, ...
