Latest Headlines – Page 208
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Stronger-than-expected sales at Skechers
Skechers' share price jumped by 5.7 percent in after-hours trading on Thursday after the company posted revenues and comparable-store sales for the fourth quarter of 2016 that topped analysts' forecasts. Sales rose by 5.8 percent in the quarter to $764.3 million, while analysts had predicted a turnover of $723.7 million. ...
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Wolverine performs better than expected
Reaching the upper end of its projections, Wolverine Worldwide reported a decline of 2.9 percent to $729.6 million in its total turnover during its fourth financial quarter, ended Dec. 31, with a high single-digit increase outside the U.S. more than offset by a low single-digit decline in its domestic market, ...
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Billabong predicts improved second half
Just as it had warned four months ago, Billabong International saw its sales plummet by 9.5 percent to 508.3 million Australian dollars (€359.3m-$383.5m) for the six months to the end of last year, which form the first half of its fiscal year. However, the group is continuing to implement strategic adjustments, ...
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Quiksilver group gets renamed and reshaped
About one year after it emerged from Chapter 11 reorganization and embarked on a turnaround program, Quiksilver Inc. has changed its corporate name to Boardriders, regrouping the Quiksilver, Roxy and DC brands.Boardriders said that the change marks a fresh start at the company, which last year came under the ownership ...
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Sales dip at Globe
Globe International, the Australian supplier of board sports products, suffered a sales decline of 11 percent to 70.7 million Australian dollars (€49.9m-$53.3m) for the six months to the end of December, which are the first half of its fiscal year, but it remained profitable.Amounting to a decline of 9 percent in ...
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Strategic adjustments yield stable returns at Lafuma
Tensions in the action sports market and the downturn of tourism on French coasts last year has affected the turnover of Oxbow, which makes about 90 percent of its sales in the country, but rigorous cost-cutting measures enabled it to raise its operating margin.Lafuma Groupe reported a 3.5 percent decline ...
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Management reshuffling at BD
Black Diamond Equipment (BDE) has promoted Stephan Hagenbusch as the man responsible for Europe, following a successful move of the company's European operations from Basel to Innsbruck last June. He replaces Tim Bantle, who left the group at the end of February, going back to the U.S..Besides taking full responsibility ...
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Moncler reaches a gross margin of 75.7%
Moncler wants to develop its product range into complementary segments, focusing on what consumers want from the brand and on sustainable development. It plans to invest in new stores, possibly also at airport locations.Investments of €62 million, which went mainly into the expansion of the retail network, didn't prevent the ...
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Sharp sales rise at Peak Performance
Far-reaching changes implemented at Peak Performance in the last two years are apparently starting to pay off, with a sales increase of 21.9 percent to 267 million Danish kroner (€35.9m-$37.8m) for the quarter until the end of December.This amounts to a sales jump of 24.0 percent in constant currencies. It ...
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Arena streamlines
Eliminating one layer of management, Arena has reorganized its Italian subsidiary, Arena Italia. Enrico Maria Tricarico, who has been the general manager of Arena Italia for the past five years, has left the company, and he will not be replaced. All the sales, marketing, merchandising, logistic and administrative functions have ...
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Dorel Sports’ revenues decline
Dorel Sports posted revenues of $235.3 million for the fourth quarter to Dec. 30, 2016, down by 7.3 percent from the fourth quarter a year earlier. Revenues declined by around 14.6 percent when removing currency rate fluctuations and the impact of the transition of Cycling Sports Group (CSG) International business ...
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Accell reaches the milestone of sales in excess of €1 billion
The Dutch group posted a 6.3 percent revenue increase to €1.05 billion for the financial year 2016. For the first time in its history, the company's turnover exceeded €1 billion. The sales growth was largely driven by higher sales of sports e-bikes and advanced sports bicycles. Meanwhile, demand for regular ...
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Technogym outperforms the fitness market
Claiming that it grew twice as fast as the market, Technogym reported an increase in revenues of 8.5 percent to €555 million in 2016, with a 10.3 percent rise in local currencies. Ebitda went up by 15.3 percent to a record level of €99.9 million and net earnings jumped by ...
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Nautilus’ sales and profits grow fast
Nautilus' fourth-quarter revenues jumped by 15.2 percent over the year-ago quarter to $125.8 million, driven by the company's recent purchase of Octane Fitness, a complementary firm in the fitness equipment sector. However, the company recorded weak organic sales in the retail and direct segments.The company said that its international business ...
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Fitbit posts a $125m loss in Q4
As expected, Fitbit released disappointing results for the fourth quarter of 2016, and this has led the company to reorganize its activities around two segments. One of them, Consumer Health, will focus on developing a streamlined set of health and fitness devices, entering new markets such as smartwatches and offering ...
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Garmin’s outdoor segment gains 46%
Garmin posted strong earnings and revenues for the fourth quarter that beat analysts' forecasts, largely driven by sales of wearable devices. Total sales rose by 10.0 percent to $861 million, beating the consensus estimate of $792.9 million reported by Thomson Reuters, with outdoor, fitness, marine and aviation collectively jumping by ...
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Sequential Brands makes deals in Brazil and China
Sequential Brands Group, which owns and licenses a raft of sports and fashion brands, says that it has entered into a long-term license agreement with SPR Indústria de Confecção to distribute three of them in Brazil: the And1 basketball brand, the Avia active lifestyle brand and the DVS skate brand.The ...
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WFSGI opens up platform for joint audits and common CSR standards
The Responsible Sport Initiative (RSI) platform was launched last year by bicycle companies in the World Federation of the Sporting Goods Industry (WFSGI), to organize joint audits working with unified corporate and social responsibility standards (CSR). This year the platform is open to companies in other sectors of the industry, ...
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Connected, Ispo breaks new records
The increasingly international and “connected” Ispo Munich trade show witnessed more than 85,000 daily passages through its turnstiles at its Feb. 5-8 edition, or about six percent more than last year's score of 81,368 visitor/days. They came from 120 countries and the largest increases were recorded from Italy, Russia, the ...
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Decathlon grows by 12%
Without providing a more specific figure, Decathlon announced a few days ago another increase of 12 percent in its total sales to a new record of around €10 billion before sales taxes for 2016. It also reached a new record with one billion items sold at its stores around the ...
