Latest Headlines – Page 193
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Mizuno's results are hit by weak U.S. sales
Sluggish sales in the Americas and the weaker pound caused Mizuno's revenues to decline by 1.5 percent to 91.8 billion yen (€694.8m-$808.9m) in its second fiscal quarter, ended Sept. 30.Despite the lower revenues, the company's gross margin rose by 3 percentage points to 41.0 percent, partly due to lower purchase ...
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VF buys Icebreaker
VF Corp. has announced a definitive agreement for the takeover of Icebreaker Holdings, the merino wool apparel specialist from New Zealand. The transaction should be completed early next year. The price of the acquisition has not been disclosed, but VF said that it will be immediately accretive.Icebreaker will nicely complement ...
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Invista sells apparel & advanced textiles business
Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding, a Chinese textile group, to sell Invista's apparel & advanced textiles business, one of Invista's four major business units. The transaction includes well-known brands such as Lycra and Coolmax, among others, while it does not include Cordura, which ...
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Vista will divest its eyewear brands
Vista Outdoor's new chief executive, Chris Metz, announced plans to sell its three brands of sports eyewear – Bollé, Cébé and Serengeti – as part of a review of its brand portfolio that is about to be completed, while the company released a pretty bad set of figures for the ...
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Pentland reorganizes for efficiencies and possible acquisitions
Pentland Brands is rationalizing the management of its various brands in the U.K. by closing two offices in Stockport and Wakefield, which currently host the operations of its two team sports brands, Canterbury and Mitre, respectively. These operations are set to be moved to Speedo's existing international headquarters in Nottingham ...
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Strong growth for Champion internationally
Hanesbrands made a good move in June last year by acquiring Champion Europe, after taking back the licensing rights for the Champion brand in Japan from Goldwin. Sales increases for the brand of 7 percent in Europe and 20 percent in Asia helped the group to book a 16 percent ...
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Canada Goose pulls off stellar results
Canada Goose raised its guidance following a strong performance in both the direct-to-consumer (DTC) and wholesale channels for its second fiscal quarter ended Sept. 30. Shares in the company jumped by 14.1 percent after the release of the results, which topped Wall Street's expectations by a significant margin.Sales climbed by ...
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Better margins for Peak Performance
Peak Performance improved its operating margin by three percentage points to 20.8 percent during the first quarter ended Sept. 30, as compared to the same period a year ago, according to its parent company IC Group, thanks mainly to higher average selling prices and higher gross margins.The brand's sales were flat ...
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Wolverine raises guidance after better-than-expected results
Wolverine Worldwide reported a drop in revenues of 3.7 percent to $581.3 million for the 13 weeks to Sept. 30. Adjusted revenues, which take into account an extra week added through a change in the financial calendar, were down by 8.0 percent. The year-ago quarter had 12 weeks and ended ...
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Wolverine quantifies its gains from divestitures
Like other companies involved in the outdoor sector, Wolverine Worldwide is trying to maximize margins instead of sales to cope with what it calls “the new normal” of slow growth in the outdoor sector.Announcing the completion of the portfolio management initiatives it had planned for the current financial year, Wolverine ...
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Strong growth for the former Black Diamond
Clarus Corp, the holding company previously registered as Black Diamond Equipment, saw sales in the third quarter jump by 16.2 percent to $45.8 million, boosted by the climbing category and the acquisition of Sierra Bullets on Aug. 21, which added $3.5 million to the quarterly turnover. Excluding the acquisition, revenues ...
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Fitbit sees improvements
Fitbit posted a huge loss and a big decline in revenues for the third quarter, in line with expectations. Still, the company said that sales are improving in most regions sequentially and that its first smartwatch, the Fitbit Ionic, has been well received.In the latest quarter, Fitbit's sales were off ...
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GoPro returns to profitability
Following many quarters of financial losses, GoPro experienced a reversal of fortune, posting a net income of $15 million for the third quarter - a sharp improvement from the net loss of $104 million of the year-ago period – as revenues soared by 37 percent to $330 million.The company said it ...
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Garmin raises outlook following strong outdoor sales
Garmin recorded better-than expected results for the third quarter, driven by its outdoor segment, prompting the company to raise its full-year guidance.Sales rose by 2.9 percent from the year-ago quarter to $743.1 million, above Wall Street's average estimate of $721.2 million. The company said it experienced particularly strong demand for ...
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Newell’s sports unit posts a 12.8% Ebit margin
Newell Brands' Play segment, which includes Marmot Mountain and many other outdoor and sports brands inherited from its recent merger with the former Jarden Corporation, generated net sales of $611 million in the third quarter. They were 2.4 percent higher than in the year-ago period, with growth of 2.3 percent ...
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Athletic shoes drive Yue Yuen sales rise
Yue Yuen Industrial saw its turnover move up by 6.7 percent to $6,718.0 million for the nine months until the end of September, driven by an increase in sales of athletic shoes and the group's retail business.The group reported that its sales of athletic shoes jumped by 3.0 percent to ...
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Kant sets up shop-in-shops in Decathlon stores in Russia
Kant, one of the most respected sports retailers in Russia, will soon have its own branded shop-in-shops in one or more Decathlon stores in Moscow and elsewhere in the country, measuring between 600 and 1,000 square meters. This is a first for both retailers, according to Maxim Vinogradov, general director ...
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Intersport pushes its overhaul and its expansion in Germany and Austria
Intersport is continuing its fast, methodical expansion with the opening of nine new stores in Austria and the unveiling of three new Future Stores in the Berlin area. The Future Stores project marks the launch of a new sales concept by the German buying group, and the new locations will ...
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XXL seeks market leadership in Austria
On Aug. 29, XXL ASA opened its first XXL Sports & Outdoor store outside the Nordic countries, measuring 4,000 square meters, in the Shopping City Süd mall in Vienna. Attracted by strong marketing and promotions, around 13,000 visitors flocked to the store on the opening day, spending about €850,000, said ...
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Sweden and Finland get XXL back on track
XXL ASA experienced strong growth in the third quarter, after a difficult first half of the year, driven by a solid performance in Sweden and Finland. The Nordic sports retailer's total revenues were up by 16.2 percent from the year-ago quarter to 2,417 million Norwegian kroner (€254.3m-$295.8m), and same-store sales ...
