Latest Headlines – Page 199
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Soaring sales and profit for Anta
While investing to upgrade its flagship brand, Anta Sports Products has accelerated its expansion with a sales growth of 44.1 percent to 10,553.5 million yuan renminbi (€1,341.9m-$1,521.8m) for the first half of this year, which led to an unprecedented profit for the Chinese group.The company's gross profit margin firmed up by ...
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Online retailing and young brand push Li Ning sales
Online sales and the expansion of the Li Ning Young brand were key drivers behind a sales jump of 17.9 percent to 4,712.8 million yuan renminbi (€600.5m-$685.2m) for Li Ning Company in the first six months of this year, which led to a 42 percent rise in profit attributable to ...
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China Dongxiang invests in own stores
China Dongxiang's investments in its own retail business have helped to raise the turnover of the Chinese sportswear company by 14.4 percent to 772 million yuan renminbi (€98.4m-$112.2m) for the first half of this year, but increased costs and an inventory clean-up have led to a slump in profits.The sales ...
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Canada Goose scores 58% revenue growth
Led by the direct-to-consumer channel, Canada Goose's revenues soared by 58.5 percent to 44.7 million Canadian dollars (€29.9m-$34.0m) for its fiscal first quarter ended June 30. The management mentioned “exceptional” levels of performance in its own stores for this off-peak period of the year.The wholesale revenues of the Canadian maker ...
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Iconix under pressure, SDI on board
A partnership started in February between the Umbro brand and Target stores is working out well for the Iconix Brand Group, but the whole company suffered sagging sales and profits in the second quarter.The U.S. group that holds rights to sports and fashion brands such as Umbro, Ocean Pacific (OP), ...
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Record sales and earnings for Johnson Outdoors
Thanks to strong sales of warm-weather outdoor recreation products, Johnson Outdoors posted record profits and sales for its third fiscal quarter ended June 29. In particular, the company said it recorded unprecedented growth in its flagship fishing brands, which it attributed to a focus on consumer-driven innovation.Total revenues jumped by ...
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Yue Yuen wants to become more agile
Citing intense competition and changing ordering patterns in the industry, the world's largest shoe manufacturer, Yue Yuen Industrial (Holdings) said it will continue to increase automation levels, investing in new technology and process re-engineering to enhance the efficiency of its operations.It said it would leverage its core strengths and competitive ...
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Major Russian food retailer will sell skis
Maria-Ra, one of the biggest grocery retailers in Siberia, said it plans to start selling skis and other ski equipment under its own brands in more than 1,000 stores later this year, after talking to several Russian ski manufacturers.The products are likely to belong to the budget segment of the ...
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Decathlon buys Athleticum
Confirming reports in the Swiss media, Decathlon says it has agreed to take a majority stake in Athleticum, the third-largest integrated sporting goods retail chain in Switzerland and the fourth one including Intersport, with all its 23 stores and its 455 collaborators. The financial terms were not disclosed. While rebranding ...
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Rift around a proposed takeover of Sport 2000 France
A rift has erupted between retail members of Sport 2000 France and the majority shareholder of the buying group, Activa Capital, after the collapse of discussions for a takeover of Activa's stake by the sports retailing group's members.Activa Capital became a minority shareholder at the French retail cooperative in 2008 ...
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Puma catches up with the bulky footwear trend
Confirming the agility of its processes, the Wild Cat managed to lift its sales by 15 percent in constant currencies and to raise its profit margins in the second quarter of 2018, as it reacted rapidly to a shift in consumer demand for bulkier footwear. Bjørn Gulden, Puma's chief executive, ...
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Puma’s deal with Manchester City is international
Puma is joining Nike and Adidas in the big league of English football sponsors through a deal reportedly worth £50 million (€55,9m-$64,8m) per year that will cover the Manchester City football club as well as three other clubs owned by the City Football Club (CFG): Girona in the Spanish Liga, ...
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Weakness in U.S. weighs on Asics
Weaker sales of Asics footwear in the U.S. and a clean-up of the distribution in Japan dragged down the Japanese group's sales in the first half of this year, and its profit was further reduced by investments for its own retail business.The Asics group's sales were down by 5.4 percent ...
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Asics Europe improves in key areas
Asics suffered an underlying sales decline in Europe, the Middle East and Africa (EMEA) for the first half of this year, but the company said that the trend improved in the second quarter and that it has been making rapid progress in priority areas.As reported by the Asics group (see ...
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Under Armour progresses with a clean-up
Under Armour returned to growth in North America and managed an ample sales rise in international markets in the second quarter, but its profitability was impacted by restructuring measures. The company has identified additional cutbacks and investments worth about $80 million, which should raise restructuring and related charges to between ...
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Two top managers leave UA for Nike and TNF
Adrienne Lofton, who has served at Under Armour for the past nine years as senior vice president and global head of brand management, is leaving the company to join Nike, according to a report in Adweek, partly confirmed by a posting on Instagram. Her future responsibilities have not been spelled ...
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Pentland appoints new top managers
Pentland Brands appointed last month three directors to head up its Team Sports business, which includes Canterbury and Mitre, as well as for Berghaus and its fashion footwear licenses, Ted Baker and Karen Millen. They all report to Andy Long, chief executive of Pentland Brands, who has been intent on ...
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BasicNet’s net profit jumps by 87%
BasicNet, the parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands, reported aggregate sales of their products by its global network of licensees of €398.8 million for the first half of 2018, up by 7 percent at current exchange rates and by 10.1 percent in constant currencies ...
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Mixed performance for Amer Sports
Weaker demand for ball sports products and fitness equipment from the Amer Sports group led to a dip in sales and an operating loss in the seasonally small second quarter, but its sales in the second half should be supported by a double-digit hike in orders of winter sports equipment, ...
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Another stellar quarter for Callaway
After a strong first quarter, Callaway Golf Company posted record results for the three months ended June 30. In particular, Ebitda soared by 62 percent from to the prior year's quarter to $85 million. The company said the international business remained strong, with all major regions reporting significant sales growth and ...