Latest Headlines – Page 433
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Wolverine Posts A 5.2% Sales Decline In Constant Currencies
Softness in its major markets held down the sales of Merrell in the first quarter ended March 28, but management said the brand was performing well at full price despite the slowdown. Furthermore, the group’s so-called Heritage Brands – Caterpillar and Harley-Davidson footwear as well as Sebago – improved their ...
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Timberland’S Sales Fall By 13%
Timberland’s branded apparel and casual footwear brought the company down for the first quarter ended April 3, with total sales dropping by 12.9 percent to $296.6 million. Currency differences were worth about $22 million, or 6.4 percentage points of the decline, as the dollar strengthened. Lower apparel sales ...
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Deckers Continues To Be Driven By Uggs
Motivated by continued strong demand for its Ugg brand in the U.S. and abroad, Deckers Outdoor Corporation slightly adjusted its full-year outlook upward as it reported results for the first quarter. The company is now forecasting group revenues for the full fiscal year to grow by 7-9 percent, compared with ...
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Switcher’S Sales Fall, As Expected
Results announced for the 2008 financial year by Switcher Holding, the Swiss company noted for its fair trade attitude, were in line with expectations, as consolidated revenues fell by 13.4 percent to 71 million Swiss francs (€47.2m-$62.3m). The company noted, however, that it underwent a restructuring last year ...
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Accell Benefits From Bike Awareness
Accell Group says it saw an increase in revenues and profits in the first quarter of this year compared with 2008, without giving precise numbers. Much of the boost came from bicycles, which customers are still buying despite the economic slowdown as a result of increasing awareness of health and ...
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Italy Introduces New Incentives For Bicycles, E-bikes
The Italian government has reintroduced incentives for the purchase of bicycles and e-bikes with less restrictive rules than a previous program that expired at the end of last year. The new scheme is proving to be so successful that it could run out of funds by June, according to industry ...
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Swimsuits Become An Issue At French Championships
A new controversy around the technical features of racing swimwear erupted at the French national championships held in Montpellier last week, after several new records were set by swimmers wearing polyurethane suits – while others wearing their regular, authorized suits failed to qualify for the World Championships to be held ...
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Orange 21 Seeks Smaller Nasdaq Listing
Spy Optic’s parent company, Orange 21, has applied to transfer its listing to the Nasdaq Capital Market, after receiving a notice from Nasdaq that it no longer met requirements to be listed on its Global Market ticker. For the larger market, a company must maintain $10 million in equity. Orange ...
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Fitness Trade Fair Sees Increase In Numbers
Fibo, the international trade show for fitness and wellness, reported a 9.1 percent increase in exhibitors to a record of 517 firms for this year’s edition, held from April 19-22 in Essen, Germany. Visitor attendance grew by 3.2 percent to hit 48,800. A survey conducted at the show indicated ...
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Big Changes For The Shows In Berlin And Barcelona
Bread & Butter will host only about 550 companies at its new venue in Berlin’s Tempelhof airport next July 1-3, compared with 800 at its last session in Barcelona. The chief organizer, Karl-Heinz Müller, says his show will be more selective, eliminating in particular several small Spanish firms. As the ...
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Recession Threatens Taiwan’S Sporting Goods Exports
Unlike most trade fairs this year that witnessed a decrease in exhibitors because of the global economic recession, the three-day Taipei International Sporting Goods Show (TaiSPO) grew by 3.7 percent to 311 booths. Healthier trade and political ties with China also meant the return of a Chinese pavilion, which was ...
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Jjb Agreement Up For A Vote, But Who’S Voting?
The JJB Sports story continues with its twists and turns, adding a mystery investor to the saga. The British sports retail group has drawn up a company voluntary agreement (CVA) in its bid to straighten out its finances. The agreement would reduce the rental claims of the landlords of about ...
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Jd Sports Reports A Healthy Year
Revenues at JD Sports Fashion for the year ended Jan. 31 increased by 13.3 percent to £670.9 million (€757.6m-$983.1m). The gross profit margin inched up by 0.1 percentage point to 49.3 percent, and the pre-tax profit grew by 9.1 percent to £38.2 million (€43.1m-$56.0m). The operating margin before extraordinary items ...
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Budget Sport Goes Online
Intersport Finland, which launched the low-priced Budget Sport concept three years ago, has launched a virtual store for the Finnish market under the same name, complementing its own brick-and-mortar stores and creating in effect a nationwide network. The Budget Sport format features a vast assortment of branded and private-label ...
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Scheck Is Confident Expanding To Russia
SportScheck, Germany’s leading specialty sporting goods chain, has launched its online and mail-order business in Russia. Stefan Herzog, the company’s managing director, points out that he does not feel concerned by the difficult climate of consumption in the country, nor by the fall of the Russian ruble. The Munich-based ...
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Arcandor’S New Boss Re-defines The Group’S Strategy
Karl-Gerhard Eick, the new chief executive of the group formerly known as KarstadtQuelle, has submitted a plan to the supervisory board to turn the group’s cash flow from negative to positive in all three of its core businesses: mail-order under the Primondo/Quelle flag, the Karstadt department and sports stores and ...
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Is Go Sport Turning Around?
Groupe Go Sport reports a 1.9 percent sales decline to €171.7 million for the first quarter ended March 31, but sales grew by 0.1 percent on a comparable basis and in local currencies, with an excellent performance for the Go Sport chain in France and Poland. On the other hand, ...
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Macintosh Holds Firm Despite Brantano Effect
Macintosh Retail Group, owner of Pro Sport stores in the Netherlands, managed to roughly uphold the sales of its fashion division last year excluding the acquisition of Brantano, the Belgian and British shoe retail chain. The division lifted its sales to €612.8 million, up from €339.2 million in 2007, and ...
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Head Sends Out Warning Signals
Head N.V. has announced that it is proposing a private deal to exchange its outstanding €135 million worth of 8.5 percent senior notes that come due in 2014 for its new 10 percent senior secured notes, also due in 2014. Only certain holders outside Italy will be offered this option ...
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K2 Changes Madshus’ Management
Lars Hanstad has abruptly lost his job as managing director of Madshus after almost 34 years with the Norwegian producer of cross-country skis. K2 Sports, the subsidiary of Jarden Corporation that owns Madshus, said he has been replaced by Nils Hult, who has served in various roles of increasing responsibility ...
