Latest Headlines – Page 146
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Kjus and new clubs boost Acushnet’s results
After a disappointing second quarter, hampered by lower sales of Titlest golf clubs, Acushnet bounced back in the third quarter thanks to a strong performance from new products and the addition of the Kjus brand of premium functional apparel. The net income of the company, which is controlled by Fila ...
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Mizuno posts mixed results
Sluggish sales of sporting goods in Japan weighed on Mizuno’s sales for the first half of its fiscal year through September. They fell by 1.7 percent from the year-ago period to 85.5 billion yen (€708.8m-$784.2m), but they recorded increases in constant currencies in North America, the EMEA region and Australia, ...
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Strong gains at Alpargatas
The new owners of Alpargatas moved its head office to less expensive premises in São Paulo with a more collaborative layout during the month of August.
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Under Armour boosts Vulcabras’ results
Vulcabras has reported a sales increase of 11.6 percent to 359.4 million Brazilian reais (€76.4m-$84.2m) for the third quarter of 2019, thanks in part to the higher-prices shoe that the company is selling with the Under Armour brand name in Brazil under its new contract with the American company. The ...
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Canada Goose benefits from earlier shipments
Canada Goose Holdings saw revenues for its second fiscal quarter ended on Sept. 29 jump by 27.7 percent from the year-ago quarter to 294.0 million Canadian dollars (€201.1m-$222.4m), or by 28.3 percent on a constant currency basis. However, it said that part of the growth was due to orders for ...
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Moncler’s sales grow despite Hong Kong riots
Moncler posted consolidated revenues of €995.3 million in the first nine months of the year, representing a 14 percent increase at current exchange rates versus the same period in 2018. At constant exchange rates, the increase was 12 percent. The double-digit revenue growth continued through the third quarter, with sales ...
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Delays affect GoPro’s results
Production delays pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record weak results for the third quarter, but the drop was lower than what GoPro and the financial community had predicted. Revenues tumbled by 54.1 percent to $131.2 million, while the gross margin ...
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Dorel Sports posts 14.2% sales increase
Dorel Sports, a division of Dorel Industries, registered revenues of $250.3 million for the third quarter ended on March 31, representing a 14.2 percent increase from the same quarter a year earlier, driven by strong performances at the Cycling Sports Group (CSG). Cannondale’s new line-up is driving CSG success, the ...
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Nautilus tries to recover
Just as in the first half of this year, Nautilus ended the third quarter with a loss, as revenues tumbled by 32.2 percent to $61.7 million, weighed down by the Direct segment. The lower revenues and an unfavorable product mix impacted the gross margin, which dropped by 11.4 percentage points ...
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China tariffs affect Thule
The additional 15 percent duties imposed by the U.S. in July on a variety of products coming from China have led several U.S. retailers to reduce their inventories and to some extent resulted in higher prices that have impacted consumer spending, said the Thule Group to explain a 2.0 percent ...
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XXL maps out new strategies after another weak quarter
Releasing poor results for the third quarter, after months of difficulties, XXL ASA, the leading Nordic sports retailer based in Norway, has come up with a new strategy to present along with its latest results. The management said that it is disappointed over the sales trend and losses in market ...
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Adidas speeds up
In line with the management's forecast, the Adidas Group accelerated on the sales front in the third quarter, posting a currency-neutral sales increase of 6 percent, compared with year-on-year increases of 4 percent in the first and second quarter, and the progress is expected to continue in the fourth quarter. ...
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Adidas opens a digital flagship in London
Adidas has opened a new flagship store, which it calls Adidas LDN, covering 27,000 square feet on four levels on Oxford Street in London, opposite the main department store of Selfridges. The site offers a unique, immersive customer experience. According to the company, it is the most digital Adidas store ...
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Puma upgrades its outlook after record results
True to its current mission statement, “Run Faster,” Puma has again upgraded its forecast for the 2019 financial year. It had first predicted a sales increase of around 10 percent at constant exchange rates for the year. It changed that in July to a growth of about 13 percent. After ...
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New top executives for three major sports companies
Almost simultaneously, Nike, Adidas and Under Armour announced changes in their top management shortly after we published our last issue, underlining the rapid transformation that the highly concentrated athletic footwear market is undergoing.
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EMEA shines in Under Armour’s results
Under Armour’s profits and revenues for the third quarter exceeded Wall Street’s estimates, although the company has lowered its full-year revenue forecast, citing lower than planned excess inventory to service the off-price channel, ongoing traffic and conversion challenges in the direct-to-consumer channel, as well as currency headwinds. Revenues are now ...
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Weak results at Asics
Sales and profits declined at Asics Corp. in the third quarter, dragged down by a weak yen and a drop of around 8 percent in performance running to 43.2 billion yen (€356.9m-$395.7m), a category that represents nearly half of its global sales. Nevertheless, the company confirmed its forecast for the ...
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Asics wants to rebound, particularly in Europe
Asics is taking new initiatives to regain the brand's former momentum – particularly in the EMEA region, where its sales declined by 12.4 percent to ¥71.5 billion yen (€590.9m-$655.1m) in the first nine months of this year, leading to a drop in operating income of 57.2 percent to ¥2,069 million ...
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Asics invests more in digital
Asics Corp. continues to make new investments in start-ups and adjacent segments. Late last month, the Japanese group acquired Race Roster, a Canadian-based platform with a suite of services for the organizers of foot races that will complement its Runkeeper platform, based in Boston, and other digital operations. The purchase ...
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Deckers raises guidance on Hoka’s strength
Deckers Brands, the parent of Ugg and other footwear brands, saw its net income progress by 5.0 percent to $77.8 million in its second fiscal quarter, ended on Sept. 30. Revenues rose by 8.0 percent to $542.2 million, or by 9.5 percent constant currencies, driven by gains at Ugg and ...
