Latest Headlines – Page 502
-
Article
Dunlop Replaces K-swiss With Dunlop
Dunlop Germany, a subsidiary of Dunlop Slazenger that sells Dunlop racquets and balls, has obtained a deal to distribute Dunlop sports shoes and apparel in the Germanic markets and the Benelux countries, after it lost another such agreement with K-Swiss. The German distribution of Dunlop tennis shoes was previously in ...
-
Article
Wolverine Has Temporary Weakness In Europe, But Remains Strong Overall
In Europe, Wolverine World Wide’s revenues grew in the mid-single digits during the 1st half, ended June 17, and were impacted by a weak 2nd quarter. The company assumes that European retailers grew more cautious and managed inventories more conservatively during the 12-week period. In a jest, Tim O’Donovan, chief ...
-
Article
Vf’S Outdoor Coalition Posts 24% Gain
Growth from all its divisions positively affected VF Corp.’s sales in the 2nd quarter, which rose by 8 percent to $1,548,055,000. For its so-called Outdoor Coalition, revenues increased by 24 percent to $371.0 million, growing both at home and abroad, but corporate investment in various units reduced the profit margin ...
-
Article
Oakley’S Sales Go Up, But The Gross Margin Drops
In the 2nd quarter ended June 30, Oakley’s net sales rose by 19.4 percent to $203.6 million, driven by strong sunglass sales and turnover from the recent acquisitions of Oliver Peoples and The Optical Shop of Aspen. The gross margin fell to 56.4 percent from 62.7 percent in the year-ago ...
-
Article
Newcomer Grabs Market Shares In Nordic Ski And Walking Poles
One Way Sport Oy expects its total revenues to jump by 50 percent this year. The growth will be mainly driven by higher sales of cross-country ski poles, which are going to reach about 400,000 pairs in a market estimated at 1.6 million pairs. However the young Finnish company should ...
-
Article
Ande Changes Ownership And Hires Two Veterans
Two former top executives of La Sportiva, Fabrizio Vesco and Oscar Durbiano, have left to join Ande, the outdoor equipment and clothing company founded in 1978 by an Italian mountain climber, Aldo Anghileri, and by a partner who died a few years later. Ande, which has annual sales of about ...
-
Article
Puma Is Overjoyed By World Cup Victory
The football World Cup ended last Sunday turned into a marketing bonfire for Adidas and Puma, as the Italians snatched the trophy with a wildcat on their chests, beating the three-striped French squad in a penalty shoot-out watched by an estimated 1.2 billion TV viewers around the world. Nike was ...
-
Article
Peter Mahrer Exits Puma
The final whistle in Berlin also marked the exit of Peter Mahrer, head of global sales at Puma and member of its 6-strong executive committee, who decided to leave the company at the end of June for genuine personal reasons. A 47-year-old Swiss sports enthusiast, Mahrer has been in the ...
-
Article
World Cup Brings A Jolt To Umbro’S Sales For The First Half Of The Year
The World Cup gave a jolt to Umbro’s sales in the 1st half ended July 6, 2006. They increased by 41 percent – a rate similar to that reached by Puma on performance football products – and they reached £247 million on a wholesale-equivalent basis, including the wholesale turnover of ...
-
Article
Aggressive Business Plan For Cisalfa Under New Ownership
The leading Italian sporting goods retailer is again looking for small regional chains to integrate into its own network, after a relative pause on the takeover front. It is also planning to open between 15 and 20 new stores per year under its major banners - Cisalfa Sport and Longoni ...
-
Article
The European Market Grew By 1.3% In 2005, But It Did Better In Volume
Excellent snow conditions at the beginning of this year throughout Europe and the excitement around the World Cup of football boosted sales of many important categories of sporting goods in the stores during the 1st half of 2006. While advocating increased promotion of sports participation among the younger generations and ...
-
Article
Eu Is Working On Deferred Duties For Footwear, Drops Safety Shoe Case
Importers of hiking boots in the European Union can breathe a sigh of relief as the European Commission has finally decided to close the review of a complaint lodged one year ago by European manufacturers of safety footwear, charging dumping by competitors in China and India. On the other hand ...
-
Article
Rossignol Reduces Capacities, Following Largely In Salomon’S Footsteps
Rossignol Group will close down one of its two factories in France, which was making about 200,000 pairs of alpine skis a year, and subcontract the production of certain skis outside the group for the first time in the company’s history. After a test that began a few months ago, ...
-
Article
Ski Set Expands Its Buying And Rental Schemes Outside France
This big French franchise organization for ski rentals is speeding up its European expansion to have at least 150 affiliated stores outside France at the opening of the next ski season, compared with 70 foreign stores last year. Ski Set is already market leader in France with about 280 stores ...
-
Article
Exel’S Nordic Walking Woes Go On
Exel Oy has warned investors that its financial prospects for 2006 will fall short of forecasts due to weak sales of Nordic Walking products by the company in Central Europe. Total demand by these markets will be clearly lower than in previous years due to longer expected reduction in the ...
-
Article
Growth Softens For Aigle
The French outdoor brand reports a 4 percent sales increase to €58 million for the 1st half of 2006. This year’s growth is proving slower than in 2005, which saw Aigle’s annual sales increase by 7 percent to €130 million, or €200 million including sales under license. Sales remained flat ...
-
Article
Century-old New Balance Looks To Grow By 25 Percent In The Emea Region
As it turns 100 years old, New Balance seems to be tightening its grip on the European athletic and lifestyle footwear sector. The company has grown by 22 percent in the EMEA region (Europe, Middle East and Africa) so far this year. Its order book is up by 25 percent ...
-
Article
Yue Yuen Continues Positive Growth Despite Higher Costs
Concern over the European Commission’s anti-dumping duties have prompted Yue Yuen Industrial to expand its production in Indonesia. Shoes that are affected by the duties account for 6 percent of total sales for the Chinese footwear manufacturing giant, which has customers like Nike, Timberland, ASICS, New Balance and Puma. However, ...
-
Article
Will Compex’ New Owners Keep Its Sports Business?
Encore Medical Corp., a large and diversified American supplier of orthopaedic devices, acquired last February Compex Technologies Inc. (CTI), a U.S.-based company mainly composed of two business units. One of them is Rehabilicare, a medical-oriented company based in the USA in the electrotherapy and orthopaedic segments. The other is Compex ...
-
Article
Nike Delivers Nice Global Figures, But Feels The Pressure In Europe
With a net profit of $1,211.6 million for the financial year ended May 31, Nike delivered a 15 percent increase in the bottom line and a net margin of well over 10 percent on revenues, which grew by 9 percent to $14,954.9 million. The improvement came in spite of a ...
