Latest Headlines – Page 501
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Management Changes Punctuate Reebok’S Integration
Adidas AG is making fast progress with the integration of the Reebok brand. Having bought out Reebok’s Chinese and Russian distributors over the last months, the company is preparing to seal at least two other similar agreements before the end of the year. In the USA, a joint chief ...
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Puma Sees Higher Benefits Ahead, In Spite Of The Recent Drop In Profits
Lavish spending around the football World Cup sharply depressed Puma’s margins and earnings for the 2nd quarter but a vigorous rise in turnover prompted the company to lift its sales target for the next four years. Sales rose by 38.2 percent to €546.6 million for the quarter, although this ...
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Amer Reduces Its Losses
Amer Sports, the group that acquired Salomon last October, narrowed its net loss for the 2nd quarter as sales increased in its ski and team sports segments, while its Wilson division continued to suffer from the sluggishness of the golf market. On a comparable basis, sales for the quarter ...
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Head Goes Through A Tough Quarter
The second quarter was tough for Head, which had to unveil declining sales and profits after strong results in the same period last year. Sales for the quarter were down by 5.3 percent to €63.8 million and the company reported a loss of €4.1 million for the period, compared with ...
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Callaway Disappoints Investors But Promises Changes
Investors are reportedly skeptical of Callaway Golf’s 3-year business plan to return the company to higher profitability. Some are suggesting that the company should be sold to a private equity group. Net income did grow by 23 percent to $22.5 million in the 2nd quarter, but the result was below ...
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Flat Performance Overall At K2
The 2nd quarter is seasonally slow for K2, and the company’s sales were flat for the period at $301,142,000, but its net profit went up to $2,143,000, as compared to $1,453,000, due exclusively to an after-tax gain of $568,000. The gain was related to a $1.5 million pre-tax boost from ...
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Soft Boot Sales Continue To Hurt Timberland
The progressively rising provisional anti-dumping duties charged in Europe against Far Eastern leather shoes are taking their toll on Timberland, but poor boot sales are weighing even heavier on the company, which reported an operating loss of $20.9 million for the 2nd quarter. The duties are expected to cost Timberland ...
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Fiskars Acquires Silva
Fiskars, a listed Finnish company concentrating on scissors and gardening tools, has taken over full control of Silva, the Swedish company specializing in compasses. Sealed at the end of June, the buy is chiefly meant to boost European sales of Gerber, the American brand of outdoor knives that belongs to ...
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Euromark Is To Go Public
Euromark Poland, the company that owns Campus and Alpinus, the two leading Polish outdoor brands, has applied for a launch on the Warsaw stock exchange in September. If the prospectus is approved, Tim Roberts will remain Euromark’s leading shareholder while selling part of his stake to raise the equivalent of ...
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Under Armour Broadens European Distribution
Under Armour, the American company specialized in high-performance sports underwear, has finalized a series of deals with master agents and distributors in Europe after the opening of its European head office in Amsterdam’s Olympic stadium earlier this year. As previously reported, Elmar Klinge’s Main Sport was among the ...
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Good Mood At Oudoor
The ongoing slow expansion of the European outdoor industry, proven by the latest industry estimates, was reflected by a rather buoyant mood at the OutDoor fair in Friedrichshafen, which was busier and more international than ever. Just over 15,500 people went through the turnstiles during the four days of ...
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Hi-tec Reshuffles The Deck On Strong Gains In Outdoor
In yet another senior executive change at Hi-Tec Sports, Peter Lawson, international sales manager, left the British-based outdoor and court sports company in June. The executive has switched to Tula, a British brand of women’s bags that is headed up by Roger Best, who was a former colleague of his ...
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Summer Ispo Will Refocus
Nike, which traditionally shows its Nike ACG collection only at the winter session of ISPO, is said to be discussing the terms of a bigger presence at the world’s largest sporting goods fair, covering other categories as well. One or two other mega-brands are said to be considering a similar ...
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Good Scores In European Retailing So Far This Year
FEDAS, the European sporting goods retailers’ federation, estimates at about 3 percent the sales increase for the first six months of the year in the five main countries it covers – Germany, Austria, Switzerland, France and Italy. The German retailers’ association, VDS, estimates that its members did 3.5 percent better ...
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World Cup Boosts Intersport Germany’S Sales, But 2007 Outlook Is Not As Rosy
Heady sales of football products inflated the results of the two largest German buying groups over the last months, but they are bracing themselves for much tougher conditions next year. Intersport Germany is projecting a rise of nearly 5 percent in retail sales to €2.35 billion for 2006, but its ...
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Sport 2000 Wants To Push Private Label
Under the fresh leadership of a new joint managing director, Andreas Rudolf, Sport 2000 Germany has given itself three years to nearly double its business in private labels, as part of a wider plan to sharpen the company’s positioning. The new manager intends to lift private label sales to about ...
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Former Maks Sport Goes Public In Poland
Intersport Polska, the Polish retailer previously known as Maks Sport, made a successful debut on the Warsaw stock exchange last week. The company changed its name after it obtained an exclusive license to use the Intersport banner in Poland and sold 25 percent of its capital to Intersport Deutschand in ...
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British Retailers Report Mixed Sales
While many sports retailers rejoice about their World Cup sales, the Blacks Leisure Group believes the football festival has contributed to a 1 percent decline in its comparable sales for the 20 weeks until July 15. The British outdoor and board sports retailer managed to raise its sales by 2.6 ...
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Accell Moves Production Around
Accell Group is switching its production around to save money. The manufacture of Tunturi bicycles is being moved from Finland to Hungary, where Hercules and Winora bikes are already being made. Most of the production of fitness equipment will be moved to Estonia, where the group has entered a joint ...
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New Management And More Direct Sales At O’Neill Europe
In an extensive management reshuffle at O’Neill Europe, Frank van der Klaauw has taken over as chief executive officer of a revamped management board. He succeeds Charles Vierling, who struggled to give impetus to the brand over the last years due to legal squabbles and ownership uncertainties. Formerly at ...
