Latest Headlines – Page 460
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Jack Wolfskin´S Sales Soar Again
Jack Wolfskin, the German brand of outdoor gear, increased its European sales in 2007 by more than 20 percent to €156.3 million. In its German core market, where it claims the leadership, Jack Wolfskin raised its sales by 19 percent. In Austria turnover was up by 78 percent. In ...
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Timberland’S Quarterly Results Are Off
The company is not yet out of the woods. Timberland saw a 1.2 percent increase in reported revenue to $340.4 million for the first quarter, or only $4 million more than in the same period a year ago, but $16 million came from changes in foreign currency exchanges. Growth in ...
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Steep Drops For K-swiss, Even Overseas
The long-term momentum in K-Swiss international development has apparently ended, according to the management, which has reported a 25 percent drop in global orders at the end of the first quarter. While U.S. orders were off by 47 percent at the end of the period, orders from the rest of ...
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Under Armour’S Net Income Plunges In Quarter
The company blames lowered margins and increased expenses for a 70.7 percent fall in net income in the first quarter of the year to $2.9 million. Marketing costs for the period were 17.8 percent of revenues, an increase over last year’s 11.1 percent, but they are expected to average 12-13 ...
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Big Numbers Boost Volcom For Quarter
With a net income up by 70.4 percent to $9.3 million, Volcom had a brilliant start to 2008. Revenues for the quarter ended March 31 were up by 58.5 percent to $80.6 million compared with the same period last year, and the gross profit margin was up by 0.4 percentage ...
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Foreign Sales Help Callaway Golf
Callaway Golf Co. realized a 10 percent increase in net sales for the first quarter ended March 31, to $366.5 million, a record for the company. Gross margins were 48 percent, the same as for the first quarter of 2007. The operating margin was 30 percent, down from 31 percent ...
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Better Results At Easton-bell
Paul Harrington, who left as president and chief executive of Reebok International to replace Tony Palma as chief executive of Easton-Bell Sports, is moving to a company that managed to reduce its losses in the fourth quarter of 2007 and to achieve a financial turnaround for the full year, after ...
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First Quarter Sees Growth At Dorel
Dorel Industries boasted a 54.9 percent sales increase in its recreational/leisure segment to $136 million for the first quarter of 2008. While some of the unit’s gain could be attributed to economically strapped Americans who returned to the mass market for buying bicycles, a large part was due to the ...
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Johnson Outdoors Takes A Dip For Second Quarter
In the quarter ended last March 28, the group’s net sales declined slightly to $121.8 million from $122.0 million, while earnings from continuing operations plunged by 61.9 percent to $0.8 million from $2.1 million in the corresponding 2007 period. Operating profit for the quarter declined to $3.6 million from $4.6 ...
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Oakley’S Sales Rise By 15% In Dollars
Luxottica’s management indicated a few days ago that Oakley’s eyewear business in Europe would be integrated with Luxottica’s by May 1, but the final company structure is not yet clear. Sources at Oakley Europe, whose offices in France, Germany and Italy are being closed down, said it will take a ...
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DECKERS IS DOING WELL OVERALL Deckers Outdoor’s net income...
DECKERS IS DOING WELL OVERALL Deckers Outdoor’s net income rose by 20 percent to $11,294,000 during its first quarter ended March 31, while total sales rose by 34 percent to $97,535,000. Sales of UGG continue to drive the company; confirming the company’s belief that the brand is beginning to ...
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Good News, Bad News For Crocs
Crocs and Disney have paired up so that Crocs can make shoes based on the television hits "Hannah Montana" and "High School Musical." Crocs and its subsidiary Jibbitz, which makes charms for the shoes, will also theme a line of shoes around the Disney/Pixar film "Wall-E." The shoes will ...
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Sole Technology Wants To Be Greener
In its effort to become a carbon-neutral company by 2020, Sole Technology, parent of Etnies, eS, Emerica, ThirtyTwo and Altamont, released the results of its first eco-audit. It found that in 2007, the company generated 40,000 tons of carbon dioxide, and recycled 57 percent of its internal trash, well above ...
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Chinese Labor Unions Protest After Damning Report
Shortly after the international clothing workers’ rights group Play Fair 2008 released "Clearing the Hurdles," an indictment of labor practices in four countries, Asian labor groups protested outside the Hong Kong headquarters of Yue Yuen, which produces one-sixth of the world’s athletic shoes. The Play Fair report, which ...
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Bsi Examines Alternatives To Cancelled Ispo Summer
BSI, the German association of sporting goods vendors, is looking for alternatives to ISPO Summer, which has been put on hold by Messe München until further notice. As a result of BSI’s annual meeting in Mettmann/Germany on April 17 and 18, the federation noted that some product ranges are represented ...
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Storm Before The Calm At Jjb?
JBB Sports is closing 72 loss-making stores and cutting 800 jobs almost immediately in a bid to shore up the company’s financial performance and reposition it well away from the cut-price competition from its larger rival Sports Direct. JJB’s chief executive, Chris Ronnie, a former close associate of Sports Direct’s ...
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Jd Reports Buoyant Fiscal 2008, Upbeat Start To New Year
The John David Group, the U.K.’s third-largest sportswear retailer, saw a marked improvement in full-year results and made an encouraging start to the new year. Improvements came in both its sports division and the much smaller, and struggling, fashion group. Overall, JD saw full-year pre-tax profits more than double to ...
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Sport 2000 France And Its Brands Saw A Good Year
Sport 2000 France outperformed the sporting goods market in 2007. While the market grew by 2 percent, the revenues of the company's affiliated retailers went up by 5.5 percent to €580 million. In flat areas of the country, revenues were €463 million, up by 5 percent. Thirty new stores were ...
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Court Ruling Strengthens Brands’ Rights To Control Online Sales
A brand does not have to accept the way its products are offered by resellers on internet platforms such as eBay. That’s more or less what a court in Mannheim, Germany, recently ruled. The plaintiff, an eBay seller dealing with satchels, went to the court claiming that its vendor, the ...
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Hi-tech Swimsuits Are Still An Issue
Arena has decided to launch a new improved version of its new Powerskin R-evolution swimsuit after FINA, the international governing body for competitive swimming, confirmed that the new high-tech suits introduced by Speedo and TYR complied with its specifications. In an open letter to FINA, published last Apr. 4, ...
