Manufacture – Page 5
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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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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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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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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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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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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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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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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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Armada Skis, the American manufacturer of ski gear and apparel...
Armada Skis, the American manufacturer of ski gear and apparel acquired by Amer Sports two years ago, has appointed Matt Rihm as director of product & innovation. Rihm will be laying out the global product roadmap and design strategy; heading up all R&D, product development, manufacturing and operations; and coordinating ...
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Alpina Sports, the helmet and eyewear manufacturer that is part of...
Alpina Sports, the helmet and eyewear manufacturer that is part of the Uvex Group, processes approximately 74,400 orders per year. Instead of paper lists, the sporting goods manufacturer now relies on voice control. In the past, the company has preferred manual order picking in its 9,500-square-meter central warehouse in the Swabian ...
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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 ...
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Chang Shin, a South Korean footwear manufacturer that works for...
Chang Shin, a South Korean footwear manufacturer that works for Nike, has invested $100 million in the Vietnamese province of Dong Nai. The company handles design and product development at its headquarters in Korea and manufactures about 90 million pairs of shoes annually in China, Indonesia and Vietnam.
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Ping, the American manufacturer of golf equipment, has signed an...
Ping, the American manufacturer of golf equipment, has signed an endorsement deal with Wilco Nienaber. The 19-year-old South African golfer already had an endorsement deal with Opal Sports, a local distributor of Ping products. Nienaber, who has just made his professional debut on the European Challenge Tour, is known for ...
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YKK, the big zip manufacturer, is launching a zipper product...
YKK, the big zip manufacturer, is launching a zipper product made from PET bottles, old fiber and other polyester remnants, according to the company. YKK explained that 10,000 Natulon zippers of 60cm length use around 3,600 recycled plastic bottles. The product is bluesign certified. YKK also produces the GreenRise zipper, ...
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Aquafil has acquired full control over O'Mara, a manufacturer of...
Aquafil has acquired full control over O'Mara, a manufacturer of nylon, polypropylene and polyester fibers, based in Rutherford College, North Carolina, for $40.5 million. The Italian yarn company completed the acquisition through its U.S. subsidiary, Aquafil USA. O'Mara, founded in 1970, reported a turnover of $40.1 million in 2018.
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Eurosima, the European association of action sports manufacturers, has announced...
Eurosima, the European association of action sports manufacturers, has announced the election of Jean-Louis Rodrigues as its new president. Rodrigues is Boardriders' general manager for wholesale for the EMEA region. He will take over from Wilco Prins, the former general manager of Rip Curl Europe, who has held two consecutive ...
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News briefs
Atair, a German manufacturer of socks based in Steinfurt, has...
Atair, a German manufacturer of socks based in Steinfurt, has acquired the license to manufacture and market socks for Völkl. The first collection will include 13 models for skiing, running and hiking as well as other sports activities. The product offer will be expanded in the future to the broader ...
