Latest Headlines – Page 222
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Wolverine falls less than expected
Wolverine Worldwide reported a 5 percent drop in its net income to $24.0 million for its second quarter, ended June 18, as its sales fell for the fourth quarter in a row, down by 7.4 percent to $583.7 million in dollars and by 5.2 percent on an underlying, currency-neutral basis. ...
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Skechers shares tumble as domestic performance disappoints
Skechers' earnings declined by 7.1 percent to $74.1 million in the second quarter ended June 30, missing Wall Street expectations. After the market close on Thursday July 21, the company's share price plunged by 15.3 percent.Revenues showed a lower-than-expected gain of 9.7 percent over the same quarter last year, rising ...
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Rossignol in talks to buy Raidlight-Vertical
As part of its plans to diversify its business, the Rossignol Group is in exclusive talks for the potential takeover of Raidlight-Vertical, a French company specializing in products for trail-running and other outdoor pursuits, with 55 employees and a turnover of about €6.5 million for the year until July 2015. ...
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Amer Sports ups investments
The Amer Sports group predicts a small decline for this year in the sales of its winter sports equipment, comprising the Atomic and Salomon brands, after the unfavorable previous winters and a 3 percent drop in orders for the coming season. But this comes after a sales hike in the ...
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E-bikes pull up Accell Group’s revenues
Accell Group's revenues jumped by 10.0 percent to €629.7 million in the six months ended June 30, largely due to higher sales of electric bikes, which currently account for 43.0 percent of its total turnover. The Dutch holding company said that the growth was “entirely” organic. It came amid tough ...
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Shimano revises guidance down after disappointing half-year
Shimano lowered its guidance for the full year after posting weak results for the first six months of 2016, with revenues down by 15.3 percent to 166,400 million yen (€1,431m-$1,540m), due entirely to a drop in the bicycle components segment.The company's gross margin remained stable at 41.1 percent, but the ...
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Rapala’s sales down 7%
Rapala posted weak results for the first half of the year, with sales plummeting in several big markets. Revenues for the world's largest manufacturer of fishing lures were down by 7.0 percent from the year-ago period to €143.1 million. At comparable exchange rates, sales were down by 5.0 percent.The company ...
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Good progress for Callaway
Callaway Golf reported a 6.5 percent increase in net sales to $246 million in the seasonally important second quarter. The gross margin improved by 0.9 percentage points to 45.0 percent. Operating income rose by 12 percent to $21 million and net earnings jumped by 40 percent to $34.1 million thanks ...
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Helly Hansen cuts back to expand sustainably
Helly Hansen has trimmed its product range, cut back its distribution, rejigged its management and improved its capital structure, to get started on a four-year sustainable expansion strategy led by Paul Stoneham, who became its chief executive in February 2015.The Norwegian group reported operating revenues of 2,567 million Norwegian kroner (€272.3m-$300.9m) ...
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Bergans reinforces international management
Bergans is reinforcing its international management with the appointment of two prominent executives to lead sales and marketing at the Norwegian company, which has been headed up formally since December by Leif Holst-Liæker. Bergans makes about 65 percent of its turnover in Norway, with Sweden and Germany as other large ...
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Didriksons adjusts its product segmentation Didriksons has started to segment its product line more strictly than before, dividing it into two categories – Originals and Sportswear. For the first
The collection will be clearly subdivided from autumn/winter 2017/18. In the past few seasons, the Originals line has been expanded from 20 to up to 100 different styles. It is distributed among fashion retailers and wholesalers, whereas the Sportswear line is directed at the sporting goods and outdoor retail market.To ...
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Outdoor and fitness drive Garmin
Sales increases of 23 percent in the outdoor segment and 34 percent in the fitness segment in the second quarter ended June 25 allowed Garmin to strengthen its position in the rapidly growing wearables market, helping the company to book a 5 percent increase in total revenues to $812 million. ...
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Sports products help TomTom, too
TomTom posted strong sales of smart sports watches and other sports products in the second quarter, partly offsetting a drop in its overall revenues of consumer product revenues, which declined by 5.0 percent from the year-ago quarter, down to €157.2 million. On the other hand, revenues from the automotive and ...
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Moncler posts double-digit sales growth
Moncler reported a 17 percent increase in first-half revenues, at both current and constant exchange rates, with revenues reaching €346.5 million, boosted by robust growth in mainland China and Japan. The Italian luxury outerwear maker performed well in all markets in which it operates and across all distribution channels, confirming ...
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Few weak spots amid ongoing growth at Nike
Nike's sales flattened in North America and its income slipped for the last quarter of its fiscal year, to the end of May, but the group still managed ample increases in sales and profits for the fiscal year, and demand remains robust.The Nike group's sales in the quarter increased by ...
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SDI sees lower profits, outlook uncertain
Sports Direct International (SDI) saw a small decline of 0.8 percent in the comparable sales of its physical sports stores in the fiscal year until April 24, accompanied by a drop of 8.4 percent in its underlying pre-tax income to £275.2 million (€322.2m-$357.3m). The group indicated that the consequences of ...
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Two SDI bids reportedly thwarted, Findel warms to Ashley
Sports Direct International (SDI), which reportedly studied a bid to take over nearly 200 Sports Authority store leases in conjunction with Modell's, has failed to make an offer for this big chunk of the bankrupt U.S. retailer's leases – and it was outbid by Dick's Sporting Goods for the acquisition ...
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Sporting goods managers analyze Brexit’s consequences
While the dust was settling on the startling vote that the British people cast against remaining in the European Union on June 23, several decision-makers in the sporting goods sector responded to our invitation to outline the effects that it may have on their businesses.In general, they admitted that it ...
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Pentland thrives
The Pentland Group saw its sales advance by 10 percent to £2.4 billion (€2.8m-$3.1m) in 2015, driven by the outstanding performance of JD Sports Fashion, the European retail group in which it owns a 57 percent stake.The Retail Division of the Pentland Group, comprising JD Sports Fashion, thus raised its ...
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Activa Capital takes over majority control of Look Cycle
Activa Capital, a French investment firm, has taken over an unspecified majority stake in Look Cycle and teamed up with its previous shareholders – led by the French bicycle company's chairman, Dominique Bergin, and its general manager, Thierry Fournier.Look Cycle, which specializes in automatic pedals and high-end bicycles, said the ...
