Latest Headlines – Page 158
-
Article
International sales lift Under Armour
Under Armour bounced back from a difficult period, reversing its year-ago loss of $30.2 million to post net income of $22.5 million for the first quarter of 2019. Sales rose by 2 percent to $1,205 million, topping analysts' expectations. Shares surged by 9 percent after the announcement.While North American revenues ...
-
Article
Le Coq Sportif sponsors Cameroon, after improved results
After many years, taking the place of Puma, Le Coq Sportif will as of next month again become the sponsor of the national football team of Cameroon – commonly called the Indomitable Cameroon Lions – after reporting better results for the past financial year. The French brand, which also sponsors ...
-
Article
Crocs’ first-quarter revenues exceed expectations
Crocs' revenues reached $295.9 million in the first quarter ended on March 31, growing by 4.5 percent from the first quarter of 2018, or by 9 percent on a constant-currency basis, despite the negative impact of store closures and changes in the business model, which reduced revenues by around $6 ...
-
Article
Booming Champion boosts European sales structure
Champion is continuing the process of reinforcing its sales apparatus in Europe, taking advantage of a strong demand for its products all over the world. Resorting for the most part to experienced industry executives, it is now directly covering all the five major European countries, after replacing many agents with ...
-
Article
Champion grows by 80% outside the mass channel
With its more premium price positioning, Champion's global sales outside the mass channel, where they are still strong in the U.S., jumped by 80 percent in the first quarter of 2019. They went up by 75 percent in constant currencies, with double-digit increases in all the regions, according to the ...
-
Article
Brunswick sells Life Fitness to a PE firm
Unlike VF Corp., which has spun off its jeans business into a new company owned by its shareholders, Brunwick Corp. has chosen the alternative of a straight sale of its fitness division to a New York-based private equity firm, KPS Capital Partners, for about $490 million in cash, following the ...
-
Article
Nautilus moves into the red due to Bowflex
Led by weakness in the Direct segment, Nautilus' sales for the first quarter tumbled by 26.5 percent to $114.8 million. It ended the quarter with a loss.A decline in sales of the Bowflex Max Trainer product line hit the Direct segment's turnover, which fell by 34.4 percent from the same ...
-
Article
Lower margins weigh on Callaway’s profits
After a difficult fourth quarter, which was due essentially to a temporary lack of new products, Callaway Golf posted mixed results for the first three months of this year.Net income tumbled by 23 percent from the year-ago quarter to $48.6 million, although sales jumped by 28 percent to $516.2 million, ...
-
Article
Jack Wolfskin improved slightly before its takeover
At the beginning of this year, Callaway Golf acquired Jack Wolfskin's parent company, JW Stargazer Holding, for €418 million, thus adding outdoor clothing and accessories to its own product portfolio, previously limited to golf equipment and accessories.For the German outdoor apparel producer, the new owner promises substantial opportunities for conquering ...
-
Article
Lower club sales and currency headwinds for Acushnet
Acushnet had a mixed first quarter, hampered by lower sales of Titleist golf clubs and currency headwinds. The company saw its net income drop by 15.9 percent year-on-year to $34.9 million. Revenues fell by 1.8 percent to $433.7 million, but they increased by 1 percent on a constant-currency basis.The management ...
-
Article
Johnson Outdoors’ fishing segment recovers
After an 11 percent decline in the first quarter, Johnson Outdoors' sales of fishing equipment bounced back in the second fiscal quarter ended March 29, lifting the company's overall sales to $177.7 million – a 7 percent increase from the same quarter in 2018. The management said the increase reflected ...
-
Article
Clarus posts record sales
Clarus Corp.'s momentum in 2018 continued into the first quarter of 2019, with sales growth across every brand, category, geography and channel. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income soar to $3.8 million for the three months ended on March 31, compared with ...
-
Article
Dorel Sports’ revenues decline, but CSG does well and the division’s outlook is positive
Dorel Sports, a division of Dorel Industries, saw its revenues for the first quarter ended on March 31 decrease by 10.7 percent to $184.5 million. Excluding fluctuations in foreign exchange rates and the divestment of the performance apparel line business, the decrease compared with last year's first quarter was around ...
-
Article
Nike adds a digital solution to a growing market
According to Nike, industry research suggests that 60 percent of the public wear shoes of the wrong size. In response, the Oregon-based sports behemoth has spent the past year working out a new selling scheme. In addition to branding, style, quality and materials, Nike is going to play up the ...
-
Article
GoPro updates guidance after strong quarter
Revenues for GoPro in the first quarter jumped by 20 percent from the year-ago quarter to $242.7 million, and the company's net loss narrowed by 68 percent to $24.3 million. The gross margin soared by 11 percentage points to 33 percent.The management attributed the improved results to strong global demand ...
-
Article
Fitness weigh on Garmin’s gross margin
A drop of 7.8 percentage points in the gross margin to 50.4 percent in Garmin's fitness segment resulted in operating income being reduced by nearly a half to $18.1 million in the first quarter, although revenues surged by 9 percent to $180.2 million. The company blamed the contraction on lower ...
-
Article
Smartwatches lift Fitbit’s sales
Fitbit reported that unit sales of its devices went up by 36 percent during the first quarter, driven by a 117 percent gain in smartwatch sales and the introduction of new Inspire and Inspire HR trackers. The net loss narrowed by 2 percent from the year-ago quarter to $79.5 million, ...
-
Article
Moncler posts double-digit revenue increase, despite challenging comparison base
Moncler saw consolidated revenues increase by 14 percent to €378.5 million in the first quarter, despite a highly challenging comparison against the first quarter of 2018, when sales grew by 19 percent. At constant exchange rates, consolidated revenues increased by 11 percent versus last year's first quarter. Growth was helped ...
-
Article
The IOC releases sourcing guides for the Olympic Movement
The International Olympic Committee (IOC) has issued two guides to help ensure that the Olympic Movement sources goods and services in a sustainable and ethical way.The first new guide, titled “Olympic Games Guide on Sustainable Sourcing,” is intended to help Organising Committees for the Olympic Games (OCOG) understand and meet ...
-
Article
The IspoDigitize Summit can be useful for your staff
The second annual Ispo Digitize Summit, scheduled for July 3 and 4 at the International Congress Center (ICM) in Munich, will focus on Data Analytics & Customer Relationship Management (CRM), Digital Talents & Recruiting, Change Management & Digital Culture and Digital Infrastructure. It will also cover eSports, which is regarded ...
