All about manufacturing for the sporting goods industry – Page 7
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News briefs
Yue Yuen’s manufacturing revenues fall by 27%
Yue Yuen’s revenues from footwear manufacturing fell by 27 percent in terms of U.S. dollars in 2020, including a drop of 16 percent in December. The group’s retail subsidiary, Pou Sheng, improved its sales by 1 percent thanks to a strong finish of the year, with sales up by 11 ...
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Article
China Dongxiang sees profits surge due to Japan sale
The sale of the Japanese Kappa trademark lifted China Dongxiang’s profits for the six-month period ended in Sept. 2020, which rose to 1,116 million yuan renminbi (€140.6m-$170.0m), up from RMB 188 million for the year-ago period. On the other hand, the company’s gross margin contracted by 5.3 percentage points to ...
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Article
Losses continue for Yue Yuen
Despite China’s resilience against the pandemic in the third quarter, Yue Yen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng Chinese ...
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Article
Generally positive results for the Chinese sports brands
Chinese companies don’t publish detailed quarterly results, but all the four major public sporting goods companies except 361 Degrees had something positive to say in their preliminary operational updates for the third quarter of 2000, confirming the Chinese industry’s recovery from the coronavirus pandemic. Li Ning Company reported an improvement ...
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News briefs
BasicNet reacquires the Kappa brand in Japan
China Dongxiang has agreed to sell the rights to the Kappa brand in Japan for $13 million. BasicNet plans to give a major boost to brand’s development in the country, where Kappa generated sales of $30 million in 2019 through Phenix and its licensees. China Dongxiang will continue to focus ...
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Article
Xtep’s new acquisitions boost turnover, but profits drop
Last year’s acquisition of K-Swiss and its various footwear labels, including Palladium and Supra, helped Xtep International Holdings of China to show good revenues for the first half of this year. A smaller contribution came from the company’s new joint venture with Wolverine Worldwide, from the Merrell and Saucony brands. ...
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ArticleNew strategies make Li Ning resilient
Li Ning fared better than most of its Chinese peers during the first half. While its net income declined by 14 percent from the year-ago period to 683.3 million yuan renminbi (€82.8m-$98.7m) in reported terms, its adjusted net income progressed by 22 percent when excluding a RMB 269.9 million (€32.7m-$39.0m) ...
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AnalysisMarket Analysis: The global athletic shoe market
The global market for athletic footwear enjoyed solid growth of 6.7 percent at the wholesale level last year, reaching a level of $70.9 billion, according to an annual analysis by Sporting Goods Intelligence of the major sports brands’ performance in this segment. It would have risen a little more without ...
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ArticleYue Yuen posts a $136 million loss
Yue Yen Industrial Holdings was hard hit by China’s measures to contain the spread of coronavirus. The world’s largest shoe manufacturer posted a net loss of $136.7 million for the first half of 2020, against net income of $165.9 million for the year-ago period. The company managed to reduce operating ...
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News briefs
BasicNet buys back Kappa Japan from China’s DongXiang
BasicNet has signed a deal to reacquire the Kappa brand in Japan from the Chinese group DongXiang for $13 million. The company said the deal is limited to intellectual property assets and does not include any related business unit and should take place “in the coming months.” “Japan is a ...
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ArticleMany Chinese sportswear brands issue sales warnings for Q2
As a result of lockdown restrictions implemented in China and elsewhere during the Covid-19 pandemic, several Chinese sportswear brands have released profit warnings for the second quarter of 2020. Xtep warned that retail sell-through dropped by low-single digits in the quarter. It also has higher-than-usual inventories. The group expects that ...
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News briefs
Yue Yuen's plants generated 19% less revenues in June
Yue Yuen Industrial reported a 10.6 percent drop to $724.6 in its turnover in June, as compared to the same month a year ago. The company pointed out that its retail segment, represented by Pou Sheng, saw its sales increase by about 3 percent to $314.4 million, which would imply ...
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Article
Kappa lifts China Dongxiang’s sales, despite the pandemic
The recent introduction of a direct-franchise model, designed to ensure a sufficient supply of products in the stores through bulk orders of merchandise, lifted the Chinese sports company’s revenues, which were up by 12.6 percent on a comparable basis in the new financial year ended on March 31, reaching 1,841 ...
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Article
Heavy losses for Yue Yuen
As China struggled with the coronavirus outbreak early in the first quarter, Yue Yen Industrial Holdings was strongly impacted by government measures to contain the spread of the disease. The world’s largest shoe manufacturer posted a net loss of $56.3 million for the period, against net income of $75.5 million ...
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News briefs
Yue Yuen produced less in Q1
Yue Yuen Industrial has warned investors that its results for the first quarter of 2020 will show a net loss of $50 million to $70 million, compared with a gain of $75 million in the year-ago period, because of the disruption of its supply chain and the lockdown of the ...
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ArticleChemicals and coronavirus weigh on Wolverine’s results
(OIC) The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine Worldwide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer ...
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News briefs
A Chinese manufacturer of athletic footwear, Kingmaker, reported a drop...
A Chinese manufacturer of athletic footwear, Kingmaker, reported a drop in its gross margin of 4.7 percentage points to just 6.9 percent for its first fiscal half ended on Sept. 30 because of smaller orders and their relocation to Vietnamese or Cambodian factories not affected by the U.S. tariffs on ...
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News briefs
Team 22, the exclusive manufacturer of Under Armour's lacrosse equipment,...
Team 22, the exclusive manufacturer of Under Armour's lacrosse equipment, and the National Lacrosse League (NLL) have extended their partnership for another three years. The NLL is the largest indoor lacrosse league in the world. Team 22 will therefore continue to distribute lacrosse equipment to NLL players. Team 22 became ...
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News briefs
With its 2019/20 collection, Stöckli, the Swiss ski manufacturer, is...
With its 2019/20 collection, Stöckli, the Swiss ski manufacturer, is introducing a new corporate design, wordmark and logo. The central element is dynamic lettering with precise lines, developed by hand by the Swiss agency Oeriginal Marke & Kommunikation. The “S” in the new logo symbolizes a downhill skier and is ...
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News briefs
Kookaburra, the Australian manufacturer of sporting goods, has been developing...
Kookaburra, the Australian manufacturer of sporting goods, has been developing a smart ball for cricket. A microlight chip embedded in the ball measures the number of revolutions, delivery speed and other pre- and post-bounce data and sends them to an app that runs on smartphones and tablets. The ball is ...
