Latest Headlines – Page 165
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Record results for Callaway despite a difficult 4th quarter
Callaway Golf Company had one of its best year ever in 2018, posting record sales and strong increases in profits in spite of a weak fourth quarter, which was due essentially to a temporary lack of new products.Helped by the acquisition in August 2017 of TravisMathew, which added incremental sales ...
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Canada Goose raises guidance, but labor costs increase
Canada Goose has upgraded its guidance for the full financial year after reporting stronger-than-expected results for its third quarter ended Dec. 31. It now predicts that its total revenues will increase in the mid-to-high thirties on a percentage basis, instead of a previous forecast increase of at least 30 percent. ...
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Positive results for Shimano, especially in Europe
Thanks to robust sales of components for e-bikes in Europe and strong sales of fishing products globally, Shimano recorded very good results for 2018, with profits soaring. For the year ended Dec. 31, Shimano's sales rose by 3.6 percent to 348,035 million yen (€2.8bn-$3.1bn), while the gross margin dipped by ...
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Strong profits and organic growth for Rapala
Rapala VMC significantly improved its organic growth and earnings in 2018, driven by strong demand in North America and successful performance improvement initiatives in Europe. The Finnish-based company's sales were up by 3.6 percent from the previous year to €262.4 million, or by 6.9 percent on an organic basis. Operating ...
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Johnson Outdoors posts lower sales
After a strong fiscal year 2018, which saw record sales led by demand for new products, Johnson Outdoors had a difficult act to follow: the company posted lower sales for its first fiscal quarter ended Dec. 28, 2018. The management said it is building momentum behind a new product line-up, ...
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GoPro returns to profits
Thanks to strong demand for its new Hero7 Black action camera, GoPro has managed to return to profits after many quarters of losses. Its net income reached 31.7 million in the three months ended Dec. 31, 2018, compared with a net loss of $42.3 million in the year-ago quarter. The ...
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Mysteries surround X-Technology
X-Technology Swiss, the company behind the X-Bionic and X-Socks ranges of performance sports products, is changing hands, but the identity of the new owner could not be determined at the time of going to press. Company officials said at the Ispo show in Munich two weeks ago that he is ...
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Kästle moves production to the Czech Republic
Kästle has doubled the range of its products for the next autumn/winter season. In March 2018, the Austrian ski manufacturer announced the arrival of a new majority shareholder from the Czech Republic, ConsilSport, which owns Sporten, a manufacturing company that produces about 100,000 pairs of alpine and cross-country skis annually. Parts of Kästle's ...
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Zanier restructures and diversifies
Zanier, the Austrian glove manufacturer, has restructured and revamped its logistics. Previously, logistics were handled in-house at the company's headquarters in Innsbruck, the city Zanier moved to from Lienz in October 2017. Logistics are now being taken care of by an external service provider.In March, Beate Winkler will assume the recently ...
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Ispo Munich breaks a new record
Klaus Dittrich, chairman and chief executive of Messe München, delivered the traditional press conference a few days before the start of its Ispo Munich trade show. He began with some bad news, reporting that a worker had fallen from a ladder during the setting-up process and succumbed to his injuries.Fortunately, ...
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Intersport grew by only 0.7% in 2018 worldwide
Intersport International Corp. reported today a sales increase of only 0.7 percent on a currency-neutral basis in 2018. The relatively slow growth was partly attributed to a lower number of affiliated stores in operation at the end of the year. They were 5,562 around the world, down from 5,647 at ...
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Intersport quits Russia
Intersport isn't having problems only in Austria, where one of its biggest retail members, Bründl Sports, has decided to stop trading under the Intersport banner as from Sept. 1 (see our previous issue). We have also learnt that Intersport's Russian master franchisee, Johaston, and its franchisees have closed all their ...
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Sportmaster wins over Adidas, launches its sixth chain
Sportmaster has reinforced its dominant market position in Russia, announcing that it will once again start offering products under the Adidas brand from the autumn/winter 2019/20 season, after many years of separation.Sportmaster considers itself as a strategic partner of Nike, and it also offers brands like Puma and Asics. However, ...
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Amazon launches pop-up stores in Europe
What is happening to the big e-tailers? After the recent profit warnings of Asos and Zalando, the two biggest sharks in the pond, Alibaba and Amazon, have just put out discouraging figures. Both companies, which operate big marketplaces for sporting goods and many other products in their respective territories, have ...
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China slowdown weighs on Alibaba’s sales
Alibaba Group Holding's revenues for its third fiscal quarter, ended on Dec. 31, grew at their weakest pace in four years, weighed by a slowing Chinese economy, which is being attributed to the ongoing trade war with the U.S.The Chinese e-tailer's sales increased by 41 percent from the year-ago quarter ...
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Puma launches a self-lacing shoe
A few days after Nike's announcement of the Adapt BB, its new self-lacing shoe for basketball (see our previous issue), Puma unveiled its own self-lacing training shoe, called FI. Made for workouts and light running, it employs a micromotor to power a cable system that laces and unlaces the shoe ...
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New sourcing head for Puma
After reporting the appointment of a new European sales and marketing director (see our previous issue), Puma has announced the appointment of Anne-Laure Descours to the new position of chief sourcing officer, giving her a seat on its management board. She will also be responsible for sustainability at the group ...
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Northwave goes back to action sports
After acquiring a leading position in the mountain bike market with its highly technical cycling shoes, the Italian company has decided to move back into the snowboard business, where it had a prominent position between 2008 and 2013.Northwave is a brand that was bought in 1989 by Gianni Piva, who ...
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Boardriders consolidates its European operations
Confirming a report in a local daily newspaper, officials of Boardriders say that its management informed representatives of its staff at its two sites in the Basque region of France last week that they will have to work in the future at a single location at Saint-Jean de Luz, where ...
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Apex seeks strategic partners
Apex Ski Boots said it is evaluating interest from strategic and financial partners to expand its distribution capabilities. In particular, it is seeking a partnership with global companies that have access to major ski and snowboard markets outside of North America, including Europe, Asia and China. The American company is ...
