Latest Headlines – Page 181
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Rockport files for bankruptcy
The Rockport Group filed for Chapter 11 bankruptcy protection in a Delaware court yesterday, citing numerous issues including a promotional environment, weak sales at the company's current 22 full-price Rockport stores in North America in recent years and a difficult and expensive separation process from the Adidas Group.A private equity ...
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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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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 they were up ...
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Crocs raises guidance after strong Q1 results
Crocs said its results for the first quarter exceeded its own guidance and financial analysts' projections, with the spring/summer 2018 collection being well-received, with the launch of LiteRide - a range of athleisure shoes with light materials - surpassing its own expectations. This led the company to raise its guidance ...
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Champion targets $2 billion in sales
Champion is targeting a sales rise from about $1.4 million in 2017 to more than $2 billion by 2022, investors heard last week at an event held by Hanesbrands, the U.S. company that bought Champion Europe in June 2016.The expansion should be driven by Champion's appeal as a sports fashion ...
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Clarus records better-than-expected sales
Clarus Corporation, the parent company of Black Diamond and Sierra Bullets, posted revenues for the first quarter that exceeded analysts' expectations, led by its ammunition and apparel segments.The group paid $79 million last September for Sierra Bullets, a highly profitable U.S. firm whose proprietary manufacturing process is said to give ...
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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 conditions ...
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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 reported ...
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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 performances in a ...
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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's so-called outdoor segment jumped ...
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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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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. Excluding the impact of foreign exchange rates, ...
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Acushnet performs less well than Callaway
We already reported about Callaway Golf's strong momentum in our previous issue. Acushnet subsequently reported sales declines in every region where it operates, blaming unfavorable currency rates and poor weather conditions. The company's sales reached a total of $441.8 million in the first three months of 2018, up by 1.9 ...
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Moncler posts double-digit growth in all regions
Moncler reported consolidated revenues of €332.0 million for the first quarter of 2018, up by 20 percent from the first quarter of 2017. The increase at constant exchange rates was of 28 percent. The performance was driven by double-digit growth in all geographical areas.In Italy, revenues rose by 10 percent ...
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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 the company was ...
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Alpargatas performs better at home than abroad
The volume of sandals sold by Alpargatas in Brazil under its Havaianas and Dupé brands rose by 33.1 percent to 47.4 million pairs in the first quarter of 2018, helping the company to improve the gross margin generated in its home market by 4.5 percentage points to 46.1 percent and ...
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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.The world's largest ...
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Ispo Shanghai will focus on women, children, digitalization
Women may participate less in sport than men, but they spend more money on their athletic clothing and workouts. This makes them a growing target market for the sports industry, and an important focus of Ispo Shanghai 2018.The organizer of the trade show, Messe München, notes that the Chinese sports ...
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Nike takes action on gender equality
The Swoosh is rapidly making a pitch for gender equality in the top management suite with the appointment of two women to replace two of the five senior male executives who have been forced out in the last few weeks. At least a sixth one is said to be on ...
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Adidas’ growth slows down in Europe
The Adidas Group has seen a slowdown in its sales growth in Europe and in Originals in the first quarter of this year, but the company held on to its guidance due to robust expansion in North America and China as well as further margin improvements.The group's sales were up ...
