Latest Headlines – Page 204
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More hires at BD
We have already reported in our last issue about several new executives and officials who have joined the company. John Walbrecht, the new president of Black Diamond Equipment, has continued to recruit new managers, as part of a plan “to invest in the people necessary to support our global platform” ...
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Merrell is gaining momentum
Wolverine Worldwide reported better-than-expected sales and profits for the first quarter ended April 1, due in part to an accelerated program of store closures and the liquidation of $20 million worth of related inventories. Besides 104 underperforming stores shut down during the quarter, an additional 76 stores were closed in ...
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Crocs' shares soar as quarterly results beat forecasts
Crocs' stock price rose by 17 percent after it announced better-than-expected sales for the first quarter of the year. Revenues were down by 4.0 percent from the year-ago quarter to $267.9 million, or by 4.4 percent on a constant-currency basis. Wall Street expected revenues of $258 million. The decline came ...
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Better margins for the former Jarden
The integration of the former Jarden Corp., higher input costs and adverse foreign currencies negatively affected margins during the first quarter at Newell Brands, the company that came out of Rubbermaid's merger with Jarden.Offsetting the benefits of synergies and productivity gains, these factors caused a decline of 4.1 percentage points ...
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Double-digit growth for Johnson Outdoors
Johnson Outdoors reported sales of $149.8 million for the fiscal second quarter ended March 31, which represented a 12 percent increase versus the same quarter a year ago. However, sales in the camping segment registered a 2 percent decrease to $11.4 million, which the company attributed to the restructuring of ...
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Technogym's sales up by 7.4%
Technogym reported an increase in revenues of 7.4 percent to €115.6 million for the first quarter of this year, with a 6.6 percent rise in constant currencies. A large increase of 15.2 percent to €12.5 million was recorded in the Italian market. In the rest of Europe, the company grew ...
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Nautilus' profits tumble by 37%
Nautilus recorded a steep decline in earnings for the first three months of the year. Net income dropped by 37.7 percent to $7.1 million, which the company blamed on challenging comparison with the year-ago quarter and a $1.2 million charge related to the final settlement of a long-standing lawsuit with ...
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Fitbit posts a $60m loss but revenues exceed forecasts
Fitbit posted revenues for its first quarter, ended on April 1, that were above analysts' expectations, sending the company's shares up 7.2 percent after their announcement. Sales dropped by 40.9 percent to $298.9 million, ending up higher than Wall Street's consensus target of $280.8 million. The net loss for the ...
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Garmin’s profits beat forecasts
Garmin posted earnings for the first quarter that topped analysts' forecasts, rising by 7.0 percent to $99 million. The revenues of this supplier of tracking and GPS navigation devices inched up by 2.0 percent to $639 million, driven by the outdoor, marine and aviation segments, but offset this time by ...
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Private equity firms offer to take Belle International private
Belle International, the Chinese retailer operating more than 20,700 sports and footwear stores, has received a privatization offer worth about $6.8 billion from a consortium led by two private equity firms, Hillhouse Capital Group and CDH Investments, and two of the group's executive directors.Belle is a most influential retail partner ...
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Belle’s sports retail business thrives
Belle International suffered a substantial decline in profit for the fiscal year to the end of February but this was chiefly due to sharp declines in sales and margins for its footwear business, while its sports business was on the rise.The group's sales moved up by 2.2 percent to 41.7 ...
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Yue Yuen is more profitable
Net income attributable to its shareholders increased by 30.6 percent to $124.5 million for Yue Yuen Industrial Holdings in the first quarter ended March 31. Even after excluding non-recurring items, it went up by 29.5 percent to $105.3 million.The group's total revenues rose by 3.6 percent to $2,100.8 million, with ...
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Alpargatas' sales decline by 19%
Shares in the Brazilian footwear company fell by 7.0 percent after it announced that its sales in Brazil had fallen by 16.8 percent to 466.1 million reais (€135.7m-$149.8m) in the first quarter. Alpargatas' global revenues, which stem mainly from its Havaianas brand of sandals and a license with Mizuno, were ...
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Vulcabras continues to improve
Vulcabras Azaleia, the Brazilian company that owns the Olympikus brand of sporting goods and three brands of women's shoes, Azaleia, Dijean and Opanka, reported higher sales and profits for the first quarter to March 31, confirming its turnaround.The company's sales grew by 17.7 percent to 295.9 million reais (€85.4m-$95.2m) in the ...
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Moncler posts double-digit sales growth
Moncler reported a 16 percent revenue increase at current exchange rates in the first quarter, with consolidated revenues of €276.2 million in the period, driven by sales in Europe. Tourism to the continent fueled the brand's sales, from China but also Korea and Taiwan, the company said. At constant exchange ...
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Volatility in down prices
Prices for natural down have gone up recently, due to various factors. While admitting that it is always possible that prices may decline after booking, Allied Feathers & Down is recommending earlier planning for down usage to promote greater pricing stability and a fixed price guarantee for the entire season.The ...
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European Commission sticks with selective distribution rules
The Federation of the European Sporting Goods Industry (Fesi) supports the conclusion of a sector inquiry conducted in the last two years by the European Commission into online retailing, which decided not to change the current practices of selective distribution – allowing sports brands to manage their distribution and to ...
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XXL posts a loss due to a warm Nordic winter
In contrast with its usual good performance, XXL ASA posted a loss of 8 million Norwegian kroner (€855,300-$933,500) for the first quarter of this year, compared with a profit of NOK 47 million in the year-ago period. The Norwegian sporting goods retailer blamed challenging winter conditions, with limited snow and ...
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Buoyant quarter for Puma
Nearly all European markets contributed to a sharp sales increase at Puma in the first quarter, and a robust appetite for some of the brand's fashion products led to early replenishment.The group's sales were up 18.0 percent to €1,005.1 million, amounting to a rise of 15.4 percent in constant currencies ...
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Volcom doesn’t do as well as Puma, Gucci does better
The strong rebound in Puma's growth helped its controlling shareholder, Kering, to post excellent results in the first quarter. An even stronger contribution came from the bigger luxury goods division of the group, led by a 48.3 percent increase for its biggest brand, Gucci, and the continued strength of Yves ...
