All Sporting Goods Intelligence articles in Volume 26, Issue 25-26
View all stories from this issue.
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Article
Puma sells and spends more
Puma has reported better-than-expected sales results for the second quarter, accelerating in footwear on the strength of new and innovative products , particularly under its Ignite platform. However, currency effects and higher investments in marketing and new stores caused the Wild Cat to book lower operating results and ...
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Article
Michelin partners with UA and Salewa
Michelin , the French rubber tyre company that is well known for its innovative solutions, has unveiled a collaboration with Under Armour. It has developed performance soles for new models of trail running and fast hiking shoes that UA plans to bring to the market in 2016 At ...
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Article
Moncler posts higher revenues, operating profits and net result
Moncler reported a 35 percent sales increase in the first half of 2015, with sales reaching €295.8 million and positive performances across all its markets. At constant exchange rates, the sales growth was limited to 26 percent. New openings played an important role, together with a strong contribution from stores ...
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Article
Good quarter for Thule
The Thule Group reported a 78.9 percent jump in net income to 254 million Swedish kronor (€26.8m-$29.4m) for the second quarter ended June 30. Sales increased by 20 percent to SEK 1.70 billion (€179.4m-$197.0m), and they were up by 6.4 percent on a currency-neutral basis. However, the gross ...
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News briefs
Puma's good performance in the second quarter helped Kering to...
Puma's good performance in the second quarter helped Kering to raise its revenues in the Sport & Lifestyle segment by 15.5 percent to €1.7 billion in the first half of this year. Together, Volcom and Electric grew by 15.3 percent to €129 million in euros but were down by 1.4 ...
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News briefs
Sport Finance, the successful French licensee for Kappa and Robe...
Sport Finance, the successful French licensee for Kappa and Robe di Kappa, has secured two important new distribution agreements. The company will become the distributor of Prince in France from Sept. 1, fitting in well with its licensing deal for Sergio Tacchini apparel. It will also handle the distribution of ...
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News briefs
Michael Jordan has lost the lawsuit he had filed in...
Michael Jordan has lost the lawsuit he had filed in the Chinese courts against Qiaodan Sports for using a name and images similar to his own Jordan brand with Nike. The former Chicago Bulls basketball player is known in China as “Qiaodan,” a Chinese version of his name. “Qiaodan” is ...
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News briefs
In a preliminary trading statement, JD Sports Fashion said on...
In a preliminary trading statement, JD Sports Fashion said on July 31 that it was expecting its headline pre-tax income to be about 10 percent higher than the current consensus among financial analysts of £110 million (€155.4m-$170.5m). It confirmed that it suffered some loss of margin from the weakness of ...
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Article
EU signs FTA with Vietnam
After lengthy negotiations, the European Union and the government of Vietnam have concluded a preliminary Free Trade Agreement. The Federation of the European Sporting Goods Industry (Fesi), which supported the negotiations throughout the process, welcomed the new development. Vietnam has become one of the major sourcing countries for a variety ...
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News briefs
Skullcandy, which is moving into lightweight wireless earbuds and headphones,...
Skullcandy, which is moving into lightweight wireless earbuds and headphones, saw its sales increase by 8 percent to $57.9 million in the second quarter. They rose by 5 percent to $41.3 million in the U.S. and by 16 percent to $16.7 million in other markets, with growth of 24 percent ...
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News briefs
In the U.K. the number of golf rounds played during...
In the U.K. the number of golf rounds played during the second quarter increased by 3.5 percent compared with those played in the same period of 2014, and the number grew by 6.7 percent for the first half of the year, according to the figures recently released by Sports Marketing ...
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News briefs
Srixon Sports Europe, a subsidiary of Dunlop Sports, has signed...
Srixon Sports Europe, a subsidiary of Dunlop Sports, has signed a new partnership deal with The Ladies European Tour. As an Official Partner of the Tour, it will provide golf balls to be used for all pre-tournament practice sessions.
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Article
Sales and profits drop in Jarden’s outdoor segment
For the second quarter ended June 30, Jarden Corp. reported sales of $2.01 billion, up from $1.98 billion for the sa me period in 2014. Organically, sales grew by 7.0 percent or $138 million . The company said its results were in line with its expectations. Jarden's Outdoor Solutions segment, ...
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Article
Dorel Sports’ operating profit falls on lower sales
Dorel Industries' sports segment saw revenues decrease by 12.3 percent to $251.1 million in the second quarter. Organic sales declined by around 5 percent. Adjusted operating profit for the segment, excluding restructuring and other costs, dropped by 42.1 percent to $10.7 million. The stronger U.S. dollar against most of the ...
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Article
Lafuma‘s sales decline, but net results improve
The Lafuma Group registered a 6.3 percent sales decline in the first half of 2015, down to €80.1 million. The company booked an operating loss of €293,000 for the period against a profit of €1,306,000 in the first six months of 2014 , attributing it to the lower turnover, ...
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News briefs
Decathlon plans to open a store in the suburbs of...
Decathlon plans to open a store in the suburbs of Stockholm in the course of next year. It currently has only one store in Sweden that was opened in 2013, when it closed its original flagship store in the country. Decathlon launched its own e-commerce platform in Sweden last spring. ...
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News briefs
Nike has signed a sponsorship deal with Karl-Anthony Towns, the...
Nike has signed a sponsorship deal with Karl-Anthony Towns, the No. 1 pick in the NBA draft in June. The terms of the deal were not disclosed. Towns played for one season at the University of Kentucky and was selected in the first round of the draft by the Minnesota ...
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News briefs
Dainese, the Italian specialist in protective wear for sports and...
Dainese, the Italian specialist in protective wear for sports and motorcycling bought by Investcorp last November, posted a sales increase of 9 percent last year to €127.9 million. The operating income before amortization (Ebitda) rose by 47 percent to €12.8 million. The net result moved from a loss of €1.8 ...
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Article
Currencies depress Mizuno’s results, except in Europe
Europe was the only region where Mizuno achieved an improvement in operating earnings during the first quarter of its financial year, ended June 30. They made a big jump to 253 million yen (€1.9m-$2.0m) from ¥23 million in the same period a year ago on 4.4 percent higher sales of ...
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Article
Crocs is not yet out of the woods
Crocs ' new focus on fewer produ cts, fewer stores and fewer geographical markets is not expected to bear its best fruits until the first half of 2016 . Gregg Ribatt , the company's new chief executive, sees the business continuing to stabilize around the globe, and sales declined by ...
