Latest Headlines – Page 465
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The North Face Focuses On Emea Markets
Strong growth in the Europe, Middle East and Africa (EMEA) markets has led The North Face to reinforce its sales and management teams in that division. It has taken on a new sales director for the EMEA region, new managers in the UK, Italy, Poland, the Nordic countries as well ...
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Billabong Rides Against Currencies
Billabong International’s latest results, covering the six months that ended on Dec. 31, 2007, bear the brunt of currency effects. The Australian company’s revenues increased by 8.4 percent to A$662.0 million (€411.0m-US$609.4m), but grew by 15.8 percent in constant currencies. Net profit decreased by 2.0 percent to A$88.7 million (€55.1m-$81.6m), ...
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Soft U.S. Market Affects Volcom
The soft retail environment in the USA led to off-price sales at Volcom in the 4th quarter of 2007, causing a drop in the American apparel company’s gross margin of 3.8 percentage points to 43.4 percent. While total revenues grew by 22.1 percent to $69.1 million, net income was off ...
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Kappa Raises Aggregate Sales By 19.5%
The aggregate sales of BasicNet’s network of licensees rose by 15.0 percent to over €275 million in 2007, thanks in part to a 38.7 percent jump for its Superga brand, according to preliminary data released by the company ahead of a more comprehensive financial report due to be put out ...
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K2 Acquisition Affects Jarden's Profits
Jarden Corp.’s Outdoor Solutions segment saw its sales jump to $570.2 million in the 4th quarter ended on Dec. 31 from only $132.6 million in the same period a year earlier, following the acquisition of Pure Fishing last April and K2 Corp. in August. Prior to these acquisitions, the segment ...
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Crocs Does It Again
Crocs closed its financial year on Dec. 31 again with fantastic results, indicating a continued momentum. Fourth-quarter revenues grew by 99.1 percent to $224.8 million, as compared to the year-ago period, and the company claims now to have resolved its recent logistics issues by increasing the number of distribution centers. ...
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Italians Are Becoming Sportier
A survey of 675 Italians between the ages of 15 and 60, made in December 2007, indicates that 66 percent practice some kind of sport, compared with only 59 percent two years earlier. The big growth has taken place among women, whose share has risen from 38 to 50 percent. ...
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Yue Yuen May Float Its Retail Business
The world’s largest shoe producer plans to list its shoe retailing subsidiary, Pou Sheng International, on the Hong Kong stock exchange later this year, in the wake of the successful flotation of Stella International and other big Chinese shoe retailing companies. Morgan Stanley and Merrill Lynch are advising Yue Yuen ...
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Amer Sees Recovery After A Big Drop
Favorable snow conditions in the last quarter of 2007 failed to lift sales of winter sports equipment at Amer Sports, but they should impact the segment positively this year. The paltry results of the Finnish company’s new winter and outdoor division, which were blamed entirely on equipment, dragged down the ...
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Dorel Adds To Its Stable Of Bicycle Brands
Dorel Industries of Montreal is expanding its bicycle empire by acquiring Cannondale Bicycle Corp. and its Sugoi Performance Apparel subsidiary in Vancouver from Pegasus Capital Partners for $190-200 million in an all-cash deal that is being financed through loans. Dorel says the transaction will immediately contribute to its profitability. ...
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Elmec Changes Hands Again
Elmec, the leading Greek sports retailer and distributor, was sold to Hellenic Duty Free Stores (HDFS) at the end of last year – the second time the former Nike distributor and current Converse licensee and sports retailer changes hands in less than one year. Besides its vast operations in Greece, ...
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A New European Powerhouse In Golf Apparel Takes Over From Eurostyle
Three well-known executives of the golf business have teamed up to distribute a dollop of golf apparel brands around Europe. Called Premium Golf Brands (PGB), their Irish-based company has taken over rights in several European countries to brands such as Cutter & Buck and Fairway & Greene, and it is ...
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Callaway Gets St. Andrews Deal, Claims Higher Market Shares, Targets China
Callaway Golf Company announced yesterday a 5-year deal as global licensee of St. Andrews Links to develop a co-branded range of golf accessories. The licensor is a trust that takes care of the maintenance of seven world-famous golf courses, including the historic Old Course. Distributed worldwide, the products developed by ...
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Acushnet Attains New Records
Fortune Brands’ Acushnet Golf division, which owns the Titleist, FootJoy and Cobra brands, has reported 12.6 percent higher revenues of $245.1 million for the 4th quarter of 2007. According to the company, successful innovations helped the three brands attain records in the quarter and in the full year, achieving record ...
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Usg Gets A Big Helly Hansen License
Helly Hansen has sealed a 10-year licensing and distribution agreement with Unlimited Sports Group (USG), a heavy-weight Dutch retail and distribution company, to handle the Norwegian brand in the Benelux, Germany and Austria from 2009. For the time being Helly Hansen has its own offices and staff in each ...
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A Very Fine Quarter For Vf Corp.
VF Corp. has reported revenues up by 22 percent to $1.96 billion for the fourth quarter of 2007. The increase comprised organic growth of 12 percent and 10 percent growth from acquisitions conducted last year, including those of Seven for All Mankind and Lucy Activewear. Net income was 51.4 percent ...
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More Bad Results At Timberland
Timberland’s net income decreased by 33.4 percent to $24,107,000 during the 4th quarter ended on Dec. 31 and by 60.5 percent to $39,999,000 million for the full year. Jeffrey B. Swartz, Timberland’s president and chief executive officer, admitted that the results were below standard and unacceptable. For the full ...
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Vist Changes Ownership As It Diversifies
Elmar Stimpfl is now the majority owner in Vist, after buying out the 41.6 percent share held in the Italian company by his long-time partner Roberto Vivian. Stimpfl, who is still president and chief executive, now owns 80 percent of the shares, but the company name, which comes from the ...
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Chiemsee Sees A Drop At Home In Germany But Expands Elsewhere
Cautious buying among German retailers squeezed Chiemsee’s sales by about 5 percent to €24.2 million for the fiscal year ended in November 2007. Some German accounts slashed their pre-orders by as much as 30 percent during the second half, reducing Chiemsee’s sales by about 10 percent in its home market ...
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Body Glove Wetsuits Expected To Give Boost To Pro Sports Club
Pro Sports Club, the Dutch company that took over the European license for Body Glove footwear and apparel two years ago, is expected to considerably expand its distribution of the Californian surfing brand after obtaining the license to sell Body Glove wetsuits in continental Europe starting this year. The license ...
