Latest Headlines – Page 147
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Change of the guard at Salomon
Michael White, the current 55-year-old chief commercial officer of Amer Sports, is going to take the place of a company veteran, Jean-Marc Pambet, as president of the Salomon brand on Jan. 1. Pambet will be working closely with White for the next couple of months to ensure a smooth transition ...
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The North Face and Vans drive VF’s results
Despite strong earnings and robust sales, VF Corp. posted results in the latest quarter that missed Wall Street’s expectations. Total sales improved by 5 percent to $3,393 million for the company’s second fiscal quarter ended on Sept. 30, or by 7 percent in constant currencies. Adjusted to exclude the spin-off ...
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VF reshuffles EMEA functions
In a reshuffle of roles at VF Corporation's Swiss headquarters for Europe, the Middle East, and Africa (EMEA), the group has installed Mariano Alonso as the new managing director of Timberland for the region, effective from Nov. 1. He succeeds Timo Schmidt-Eisenhart, who will become the president of the group's ...
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Another set of record results for Columbia
Columbia Sportswear is having a vintage year, scoring record results for the past two quarters. Revenues rose by 14 percent in the third quarter ended on Sept. 30 to $906.8 million, while net income improved by 19 percent to $119.3 million – both all-time records for the group. The gross ...
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Columbia’s “tough mother” has passed away
Gertrude “Gert” Boyle died on Nov. 3 at the age of 95. This iconic figure of the international outdoor industry, who has been often referred to, in effective advertising and elsewhere, as “one tough mother,” was the chairwoman of Columbia Sportswear.With her death, the company's chairmanship will pass temporarily to ...
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Callaway works on new multi-brand synergies
In commenting on its excellent results for the third quarter ended on Sept. 30, Callaway Golf Co.'s management said it is investing in IT upgrades to support omni-channel solutions for all the group's brands and better infrastructures to support their international distribution.It will be converting Jack Wolfskin's German logistics facilities ...
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Glenmuir buys Sunderland
Sunderland of Scotland, the technical golfwear brand, has been acquired by another brand in the same category, Glenmuir, which has been its European distributor for the past ten years. The financial details of the transaction have not been disclosed. The agreement brings together two Scottish golf brands with a combined ...
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Google is set to acquire struggling Fitbit
Fitbit increased its deficit for the third quarter of the year, posting a net loss of $51.9 million compared with a net loss of $2.1 million a year ago, which was in line with analysts' expectations. The additional red ink flowed shortly after the announcement that Google has agreed to ...
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Outdoor and Fitness lift Garmin’s results
Garmin's revenues for the quarter ended on Sept. 30 reached a record level of $934 million, an increase of 15 percent over the quarter a year ago. The company has raised its outlook for the full-year as a result.In the fitness division, Garmin's sales climbed by 28 percent to $243.1 ...
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Bankrupt Kettler lays off most of its employees
The well-known German brand of home-fitness equipment announced “the greatest comeback ever” at Ispo Munich last February. But now, after 70 years, one of the last producers in the sector to rely on “Made in Germany,” Kettler Freizeit, together with Kettler Plastics, has begun to shake down its workforce after ...
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Shimano improves its forecast
While releasing its results for the first nine months of the year, Shimano announced that it expects to generate extraordinary income this year from the depreciation of currencies and the return of public land occupied by one of its Chinese plants for bike components, located in Kunshan.Amending a previous report ...
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Champion aims for $3 billion in sales
Hanesbrands reported a 26 percent boost in global sales of the Champion brand on a constant-currency basis in the third quarter ended on Sept. 28, excluding its C9 sub-brand for the U.S. mass market, which is being gradually phased out. The brand's sales grew by 29 percent in the U.S. ...
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Skechers’ foreign business drives double-digit gains
Thanks to its strategy of viewing its business through a “global lens,” with many key product styles being introduced at the same time around the world, Skechers has pulled off another strong quarter.Sales for the three months ended on Sept. 30 were 15.1 percent higher than in the period year ...
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Good results for Wolverine’s main brands
Wolverine Worldwide's three biggest brands – Merrell, Sperry and Saucony – posted a combined 11.5 percent increase in constant currencies during the third quarter ended on Sept. 28. Revenues rose by only 2.8 percent to $574.3 million across the group's entire portfolio of 12 footwear brands, with growth of 3.6 ...
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Crocs posts a stellar quarter
Thanks to a strong performance in America and globally from the wholesale channel, e-commerce and comparable store sales, Crocs' revenues for the third quarter jumped by 19.8 percent to $312.8 million, or by 21.0 percent on a constant-currency basis. This came despite the negative impact of store closures, which reduced ...
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The row continues in China over Hong Kong and basketball
The tweet heard around the world continues to echo. On Oct. 4, as we have previously reported, Daryl Morey, general manager of the Houston Rockets, tweeted an image that read “Fight for freedom, stand with Hong Kong,” in reference to the anti-government protests that have been going on in the ...
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Zalando improves results
For the first time in its history, Zalando received more than a billion visits to its web stores in a single quarter, or a total of 1,000.3 million, up by 37.3 percent year-on-year from 728,700. The share of mobile visits was 84.8 percent. The number of active customers reached 29.5 ...
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Bollé Brands reorganizes
Bollé Brands is rationalizing the operations of Bollé, Cébé, Serengeti and H2 Optics taken over by A&M Capital from Vista Outdoor last year and investing in new managers and new systems and processes to improve products and services. It is centralizing operations in Europe and the U.S., where it taking ...
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Smith wins a Silmo d’Or Award
Safilo's house brand of sports eyewear won the Silmo d'Or in the sports category at the recent Silmo Paris trade show for eyewear with its Attack MTB sunglasses, which retail in Europe at a recommended price of €229. The model can be fitted with two different proprietary ChromaPop lenses, “Black ...
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XXL refinances itself as sales and profits decline
XXL ASA's ongoing problems will lead to a change of ownership in the framework of a new refinancing program. The Norwegian Altor fund will become the largest shareholder of the leading Nordic sporting goods retailer, replacing Øivind Tidemandsen, who founded it in 2001. Altor, the former controlling shareholder of Helly ...
