All Sporting Goods Intelligence articles in Volume 29, Issue 17-18
View all stories from this issue.
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Article
Wolverine reinvests its improved margins
Wolverine Worldwide reported a record net profit of $46.7 million for the first quarter ended March 31, up from $16.7 million in the year-ago period , thanks in part to lower taxes and a foreign exchange gain of $8 million. Sales declined by 9.7 percent to $534.1 million, but ...
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Article
Vulcabras grows only in the sports segment
Vulcabras Azaleia did not grow in the first quarter as fast as it did in 2017 , leading up to its public offering in October. The management explained this with the fact that expectations for improved consumption of apparel and footwear in Brazil seem to have been postponed. While ...
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Article
Nautilus' retail sales grow strongly
In the first quarter, Nautilus sales in the retail segment jumped by 13.7 percent from the year-ago quarter to $43 million. This was in sharp contrast with the fourth quarter of 2017, when retail sales were off by 7.5 percent . The company attributed this reversal on strong ...
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Garmin performs well in outdoor and fitness
Driven by growth in the outdoor, fitness, aviation and marine segments, Garmin s sales for the first quarter were up by 11 percent from the year-ago quarter to $711 million . In particular, the outdoor and fitness segments delivered double-digit revenue growth, driven by their wearables. Sales in Garmin ...
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Fitbit posts mixed results
Fitbit posted revenues for the first quarter that were significantly down from the same period last year, while they slightly exceeded Wall Street analysts' expectations. The results were dragged down by a decline in the core fitness tracking category. The company sold 2.2 million wearable devices in the quarter, down ...
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Fishing lifts Johnson Outdoor's sales
A strong performance by new products released in its fishing segment helped Johnson Outdoors post double-digit growth in sales for its second fiscal quarter ended March 30. The management said its focus on consumer-driven innovation drove growth. However, it added that the negative impact on distribution channels from tough market ...
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News briefs
When the Wolverhampton Wanderers take the field for their return...
When the Wolverhampton Wanderers take the field for their return to England's Premier League next season, they will do so with Adidas' jerseys. The newly crowned winners of the second division Sky Bet Championship has sealed a four-year deal that will see the sportswear company become the club's official technical ...
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News briefs
Fanatics has opened a German office in Hamburg. It is...
Fanatics has opened a German office in Hamburg. It is headed up by Joachim Hilke, former general manager of HSV and Sportfive.
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Article
Yue Yuen produces and earns less
An expected drop in revenues from manufacturing led Yue Yuen Industrial Holdings to report a decline of 18 percent in comprehensive net income to $119.0 million for the first quarter ended March 31. Taking out extraordinary items, net earnings were still down by 13.8 percent to $90.8 million ...
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News briefs
Puma formally exited the Kering group earlier this week, with...
Puma formally exited the Kering group earlier this week, with the distribution of Puma shares to Kering shareholders. The distribution ratio amounted to one Puma share for 12 Kering shares held, and the payment date was May 16. Puma's opening share price on the day was €429.0 but the company's ...
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News briefs
DPS Skis has named an industry veteran, Sergio Kiehl, to...
DPS Skis has named an industry veteran, Sergio Kiehl, to serve as vice president of global sales. He spent more than two decades with brands such as Uvex, Reebok, Nike and Puma. The American company has also appointed Steve Kroft as sales director for North America. He previously worked for ...
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Article
Dorel Sports had a difficult first quarter
Dorel Sports, a division of Dorel Industries, saw its revenues decline by 3.4 percent to $206.7 million in the first quarter ended March 31. Dorel Sports consists of a large portfolio of bicycle brands including Cannondale , Schwinn , Mongoose , GT , Caloi , Ironhorse and Sugoi . ...
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News briefs
JD Sports Fashion has launched a dedicated online store for...
JD Sports Fashion has launched a dedicated online store for Supply Demand, one of its labels for apparel, in a move that is apparently meant to widen its customer base. Supply Demand is positioned as an urban brand targeting younger consumers. The JD online store describes ...
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Article
Daka splits from Intersport
Intersport is losing its second-largest member in the Netherlands, as Daka Sport decided to focus on its own brand and to quit using the services of Euretco , the buying group that runs the Intersport retail brand in the country, along with Runnersworld and The Athlete's Foot ...
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Article
Mizuno raises profits with low-margin sales cuts
Mizuno 's efforts to focus on profitable sales in the Americas and Europe have led to a sales decline of 1.8 percent to 185.4 billion yen (€1.4bn-$1.7bn) for the Japanese brand in the full year until the end of March, but it has apparently worked out in terms of ...
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News briefs
Puma has replaced Macron as the sponsor of the Crystal...
Puma has replaced Macron as the sponsor of the Crystal Palace Football Club from the next season, supplying the team's uniforms and partnering with it for the sale of replica jerseys and other items. Dubbed as the Eagles, the team plays in the English Premier League.
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Vans is still driving VF Corp’s growth
The Vans brand continues to lift VF Corporation's results. The brand's sales for the three months ended March 31 jumped by 45 percent in dollars and by 39 percent in local currencies, with balanced growth across regions and channels. In reported dollars, Vans' turnover was up by 53 percent from ...
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Technogym continues to grow fast
Claiming that it is gaining further market shares in the fitness equipment market, Technogym reported a 6.1 percent sales increase to €124.7 million for the first quarter of 2018, with growth in all the main geographies. In terms of local currencies, sales went up by 12 percent. The Italian company ...
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News briefs
Nike continues to play hardball over perceived infringements on its...
Nike continues to play hardball over perceived infringements on its footwear patents. In early May, the Swoosh sued Puma for copying its patented Flyknit, Air and cleat technical assembly methods. Nike alleges that Puma was “forgoing independent innovation” and using Nike technology without permission. Nike owns over 300 utility patents ...
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Article
Head considers making ski products in Ukraine
Head International plans to build a huge factory in Ukraine's Vinnitsa province for the production of winter sports goods, including skis, ski boots and ski bindings, with a total investment of €80 million, according to a statement released by the Ukraine Investment Promotion Office. It's not a done deal, however, ...
