Latest Headlines – Page 187
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Asics Europe is upbeat after transformation
Asics has gone through a year of transformation that saw its sales decrease by 5.4 percent in euros in Europe, the Middle East and Africa (EMEA), but the Japanese company reports early signs of improvement in the areas it targeted for investments.The company's European performance apparently improved slightly in the ...
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Under Armour continues to restructure
Under Armour has launched extra restructuring measures, after a year that was marked by much-reduced sales expansion and the re-alignment of the company's management and cost structure.Its performance somewhat improved in the last quarter, as sales increased by 4.6 percent to $1,365.4 billion, a rise of 4 percent in constant ...
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Wolverine wants to grow more internationally
Wolverine Worldwide announced new initiatives to accelerate product development, boost e-commerce and drive expansion abroad, while releasing mixed results for 2017, with lower revenues but higher margins. The group's management also indicated that it may be willing to consider new acquisitions after its recent disposal of several brands including the ...
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BasicNet posts higher sales and income
Announcing its preliminary results for 2017, ahead of the definitive results, which will be reviewed by its board of directors on March 19, the parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands reported aggregated sales of €747.8 million, up by 1.1 percent from the previous year. ...
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Vans’ ongoing strength drives VF Corp.
The Vans brand finished the year with an impressive rise in demand, as its sales surged by 35 percent in constant currencies in the last quarter, with ample double-digit rate increases in all geographic areas.The action sports brand's turnover was up by 31 percent in Europe, the Middle East and Africa ...
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Billabong’s losses widen ahead of Boardriders’ takeover
After the heavy losses recorded for its fiscal year ended June 30, 2017, Billabong International's loss for the six months ended Dec. 31 widened by 40 percent to 18.4 million Australian dollars (€11.7m-$14.4m) from the corresponding period of the prior year.The financial report was in line with previous guidance. It ...
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Better margins on flat sales for Globe
Citing a stabilization of the global action sports equipment market, after a steep decline in early 2016, Globe International reported relatively flat sales of 70.2 million Australian dollars (€44.7m-$54.8m) in constant currencies for the first half of its financial year, ended Dec. 31.The company's profitability improved during the period, with Ebitda ...
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Odlo rebuilds sports performance sales
Odlo is projecting a sales rise of about 20 percent to over 120 million Swiss francs (€104.0m-$128.0m) for the year until June 2018, after it entirely revised its strategy last year to focus more on sports retailers and key accounts.The Swiss-based company opted to target several large markets through exclusive partnerships ...
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Björn Borg's gross margin soars on lower sales
Björn Borg announced lower sales and operating profit for the quarter ended on Dec. 31, 2017, but managed to significantly grow its gross margin. Revenues declined by 0.7 percent to 170.3 million Swedish kronor (€16.7m-$20.9m). Adjusted for the acquisition of its former Benelux distributor, they decreased by 7.2 percent. The ...
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Moncler reports double-digit sales and income growth
In 2017 Moncler recorded revenues of €1,193.7 million, which represent a 17 percent increase at constant exchange rates and an increase of 15 percent at current exchange rates compared with the previous year. The company said significant growth was achieved during the fourth quarter, despite a difficult comparison base. The ...
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Moncler’s new strategy targets fickle consumers
Moncler has announced a new and speedier strategy, dubbed Moncler Genius, which will see the brand's collections follow the pace of younger and more fickle consumers. The brand will now collaborate with eight new guest designers on monthly collections, for men and women, of its jackets, knitwear and accessories. Instead ...
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Arc’teryx performs well in China
China has become the second-largest market for Arc'teryx, after a buoyant year that saw the brand's global sales move up to about €340 million, amounting to a strong double-digit sales increase in constant currencies.Arc'teryx has contributed much of the increase of the Amer Sports group's outdoor apparel division. As detailed ...
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Shimano posts mixed results
Shimano's profits took a hit in 2017, which the company blamed on a weak cycling market across the globe, especially in Japan and China. However, the company saw a return to double-digit growth in the bicycle components segment in the fourth quarter, driven by the European market.Net income for the ...
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Rapala posts weak results
Rapala VMC released weak results for 2017, with lower revenues and profitability. This did not come as a surprised to investors, as the company had issued last month a warning saying that its results for the year would show a sales decline instead of coming out flat as previously expected.The ...
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Newell will accelerate its transformation
Newell Brands' management stated its intention to accelerate the group's transformation into a company that will generate Ebitda of $2 billion on annual sales of $11 billion in the long run. It also promised to use $6 billion in cash raised from divestitures to pay down about $4 billion in ...
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Ortlieb case on search engines goes back to lower courts
Ortlieb Sportartikel has suffered a setback in its legal battle with online platforms about their search engine merchandise practices, as the German Federal Court of Justice sent a case about the interchangeability of brands back to the lower courts. According to the company, they had previously ruled clearly in favor ...
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Outdoor sales boost Garmin's results
Driven by its outdoor segment and its Fenix line of watches featuring Garmin Elevate wrist heart-rate technology, Garmin's sales for the 13-week fourth quarter ended Dec. 30 went up by 3 percent to $888 million from the year-ago quarter, which had 14 weeks. For the full financial year, the company's ...
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Sales of Fitbit's new products disappoint
Fitbit shares tumbled by 11.2 percent after the company posted weak results for the fourth quarter and the full year, while predicting lower-than-expected sales from newly launched products such as the Ionic and Alta HR in the first quarter.Fitbit's first smartwatch, the Ionic, arrived at the end of last year, ...
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Thule is upbeat
Posting strong revenues for 2017, the Thule Group said it had a “fantastic” year as it managed to broaden its product offering for future growth, especially in the Packs, Bags & Luggage category. The management added that it is looking forward to an “exciting” 2018, and is currently ramping up ...
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Lower attendance but a good Ispo, going digital
In spite of a drop in the number of visitors, this year's edition of Ispo Munich show got good marks, thanks in part to a good snow season, a new layout of the trade show and exciting new initiatives like the new Ispo Digitize area in Hall A4 with an ...
