Latest Headlines – Page 432
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Nautilus’ Sales Drop Significantly In Quarter
In a typically strong season for the fitness equipment business, Nautilus had a 44.4 percent drop in sales to $72.1 million, with double-digit decreases in all four of its segments, mirroring the problems of Precor and other competitors. The company’s net loss was $13.8 million against a loss of $6.4 ...
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Dorel’S Sales Increase Even As Consumers Spend Less
Dorel Industries’ recreational/leisure segment saw sales grow by 15 percent year-over-year to $161.4 million in the first quarter, with sales to independent bike dealers growing by 8 percent and revenues from Sugoi apparel up by 9 percent. Operating income for the period ended March 31 fell by 33 percent to ...
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Briko Reviews Collections In Relaunch Effort
Briko, which specializes in clothing, helmets and eyewear for snow sports and cycling, is reviewing its collections in an effort to relaunch itself. The Italian brand was bought by B Holding last year. B Holding is a diversified conglomerate owned by the family of its chairman, Carlo Boroli, which ...
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British Authorities Want More Active Citizens
British government authorities and the City of London have pledged new funding to raise sports participation in the country as it gets ready organize the 2012 Olympic Games in London. Hopefully, this will help to stop the negative slide in sporting goods sales highlighted by NDP Group’s figures on page ...
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Jjb’S Recovery Plan Passes
JJB Sports seems to have succeeded this week in its bid to escape bankruptcy through a company voluntary arrangement (CVA), obtaining the required approval of more than 75 percent of its unsecured creditors and more than 50 percent its shareholders. Landlords and other unsecured creditors voted Monday to ...
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The U.K. Government Helps Suppliers And Others To Deal With Risky Clients
Lord Mandelson, business secretary with the British government, has announced a program that provides up to £5 billion (€5.57bn-$7.36bn) in additional trade credit insurance to businesses that have suffered reductions in the level of credit insurance coverage. Because of the international credit crunch, the issue of relations between ...
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Rossignol Proposes A New Deal For Sponsoring Ski Champions
Suggesting that other types of sponsors should support ski champions because of the high visibility of the sport, besides ski suppliers, Groupe Rossignol is asking all the athletes sponsored by its various brands, including Dynastar, Look and Lange, to accept a cut in the amounts that they receive from the ...
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Intersport Teams Up With Fiba
Intersport International Corporation continues to invest heavily in sponsorships to support the Intersport brand name, choosing different sports partners in order to benefit all its licensees in the different countries. As football is the most universal game in Europe, it will sponsor the finals of UEFA’s Champions’ League in Rome ...
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Valdmaa Will Run O’Neill
Jan Valdmaa, chairman and chief executive of the Integrix Sports Group, is to head up O’Neill from the beginning of June. The Swedish executive has been appointed CEO of the Dutch-based surfing brand, replacing Tom Heidman, who assumed the job on an interim basis after the departure of Andreas Adenauer ...
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Amer Sports Is Not So Fit
Now that its ski business has stabilized, the Amer Sports group is being hit by sagging sales in its fitness unit. It already declined sharply last year and continued to drop by 25 percent for the first quarter of this year in constant currencies. In reported terms, fitness sales were ...
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Lafuma Reports Progress, While Finalizing Its Refinancing
While announcing a major refinancing package, the Lafuma Group reported that its turnover increased by 7.2 percent to €120.7 million over the six-month period up to March 31, although on a comparable basis, excluding the integration of Eider’s activities, it decreased by 2.5 percent. On a comparable basis, the second ...
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Puma Had A Comparatively Weak Quarter
First-quarter sales for the Puma brand rose by 3.6 percent to €697.4 million, according to the group results published by its French parent, PPR. This represents a drop of 3.3 percent in constant currencies. Footwear and accessories were resilient, with low-single-digit growth. Apparel didn’t do as well, especially ...
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Le Coq Keeps Soaring
Le Coq Sportif continued to expand its sales at break-neck speed since the beginning of this year, and it even managed a small net profit for the first quarter. The brand is in the third year of its re-launch since it was acquired by Airesis, a Swiss holding company that ...
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Basicnet’S Quarterly Sales Are Boosted By Superga, K-way
BasicNet booked a 9.3 percent increase in aggregate sales, including those of its licensees, in the first three months of the year to €81.2 million, thanks to a sparkling performance by its footwear brand, Superga, and by K-Way, the brand of windbreakers that it recently took over. Superga’s sales ...
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Skechers’ Inventory Control Shows Results
Skechers reports that its sales dropped by 11 percent for the first quarter ended March 31 to $343.5 million, with net income plummeting by 78 percent to $7.4 million. The gross margin fell by 8.2 percentage points to 36.5 percent. Outside the U.S., total sales were flat at $99.6 ...
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U.S. Athletic Shoe Market Falls For First Time In Decades
A study by our compatriots across the Atlantic at Sporting Goods Intelligence America took a good look at the athletic footwear market in the U.S. last year, and found a drop in the overall market for the first time in 25 years. Nike, however, withstood the tough climate, with its ...
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Under Armour Sees A Very Good Quarter
Sales jumped in the first quarter for Under Armour, rising by 27.1 percent to $200.0 million. Net income grew significantly as well, up by 38.0 percent to $4.0 million. Apparel sales for the three months ended March 31 rose by 2.4 percent to $132.2 million, while footwear skyrocketed ...
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Jarden Outdoor Solutions’ Results Are Impacted By Currency
Overall, Jarden Corporation’s management was pleased with the results of its Outdoor Solutions division in the quarter ended March 31, a seasonally slow period for the company. The sell-in of Coleman, fishing and team sports gear “met expectations” and margins were flat, excluding currency effects. The company’s key ...
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The North Face And Vans Are Bright Spots In Vf Corp.’S Quarter
VF Corporation suffered a 6.5 percent drop in total revenues for the first quarter to $1,725.5 million, including royalties, or a 2 percent drop at constant currencies. Net income fell by 32.3 percent to $100.9 million, spurred by softness in traditional department store channels and high unemployment in industrial sectors ...
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Big Drop In Europe Hurts Columbia’S Results
The revenues of Columbia Sportswear fell by 9 percent for the first quarter ended March 31, dropping to $272.0 million, including a 5 percent negative currency impact. Net income fell by 65 percent to $6.9 million. Results were particularly bad in Europe, where revenues dropped by 24 percent in ...
