Latest Headlines – Page 226
-
Article
Strategic investments start to pay off at Le Coq Sportif
Le Coq Sportif was affected by declining royalties and far-reaching investments to upgrade its apparel business last year, but the efforts are part of a broader strategic plan to reinforce the brand that is starting to pay off in France.Le Coq Sportif saw its reported sales fall by 11.5 percent ...
-
Article
Flat sales for Basicnet
Shortly after confirming the appointment of its new chief executive, the parent company of Kappa, K-Way, Superga and other brands reported aggregate sales of €189 million for the first quarter of 2016, up from the level of €145.4 million that it had reported for the corresponding period of 2015, when ...
-
Article
Crocs turns around in the quarter
Crocs surprised investors with better-than-expected sales and profits for the first quarter ended March 31. Its revenues increased by 6.5 percent over the corresponding period a year ago to $279.1 million. On a constant-currency basis, they gained 9.2 percent. The company said this performance was driven by the positive response ...
-
Article
Wolverine declines less than expected
While continuing to scout the market for possible acquisitions, Wolverine Worldwide's management is considering another possible review of its brand portfolio, after its recent termination of the Patagonia footwear license and the divestiture of Cushe.Meanwhile, it is doubling investments in market intelligence as it sees the need for product innovation ...
-
Article
Moncler posts 18% sales increase, with growth in all regions
Moncler reported stronger-than-expected sales growth in the first three months of the year, despite a challenging base of comparison and the sector's uncertainties. Revenues for the quarter reached €237.3 million, representing an 18 percent rise compared with the previous year's first quarter, or a 17 percent rise at constant exchange ...
-
Article
Globetrotter’s restructuring measures pay off
Fenix Outdoor International, the owner of Globetrotter, says that restructuring measures at the German outdoor retail group are being implemented and paying off faster than anticipated, which is encouraging Fenix to start considering new store openings again. The Fenix group, which bought out minority shareholders to acquire full ownership of ...
-
Article
New owners for Sherpa Adventure Gear
Innov8 Partners, an American family-owned investment company that has nothing to do with the British Inov-8 brand of trail running shoes, has made an unspecified investment in Sherpa Adventure Gear. According to a spokesman, it has acquired a majority stake in the company, based in Kent, Washington, and provided much-needed ...
-
Article
A bad quarter for Black Diamond
Sales and profit margins took a big hit at Black Diamond during the first quarter of 2016 from currency headwinds and poor sales of ski products in Europe. They also suffered a “perfect storm” from the bankruptcies of some major U.S. retail clients, disruptions in the raw materials supply chain ...
-
Article
Johnson Outdoors reports higher profits and sales
Johnson Outdoors reported revenues of $134.2 million for the second fiscal quarter ended April 1, up by 1 percent from the same quarter a year ago. The increase was primarily driven by gains in the company's fishing and watercraft recreation businesses. Sales in the company's second fiscal quarter historically reflect ...
-
Article
Dorel Sports has a slow start of the year
Dorel Sports reported revenues of $216.5 million in the first quarter ended March 31, down by 5.4 percent from the same period last year. Dorel Sports' brands include Cannondale, GT, Mongoose, Schwinn, Caloi, IronHorse, Sugoi, Fabric and Charge.Organic revenues dropped by about 3 percent, after removing the impact of varying ...
-
Article
GoPro’s sales are cut by a half, but top the company forecast
GoPro reported a sales drop of 50 percent for its first quarter ended March 31, as the market for handy cameras has become more and more saturated. Quarterly sales came in at $185.5 million, down from $363.1 million during the same period a year ago. The company reported a net ...
-
Article
Yue Yuen posts higher profit and revenues
Yue Yuen Industrial Holdings posted a 3.1 percent increase in revenues to $2,028.3 milliion for the first quarter ended Mar. 31, with a 10.8 percent decline for casual/outdoor shoes that was offset by 5.7 percent higher sales of athletic shoes. The total shoe manufacturing volume for the period rose by ...
-
Article
Nike shows progress in sustainability
Nike has released its 2014/2015 Sustainable Business Report, which shows significant progress toward the company's environmental and social targets while setting ambitious sustainability targets for the years to come.Progress toward the 2015 goals include the reduction of carbon emissions during a period of continued growth for the company. Between 2011 ...
-
Article
New ZDHC reports highlights the industry’s collaboration
The Zero Discharge Hazardous Chemicals (ZDHC) Foundation has released its 2015 Annual Report, which shows significant progress toward the removal of hazardous chemicals from the global textile and footwear value-chain, thanks to collaboration with the industry. In 2011, six brands joined forces as the ZDHC Group to work together on ...
-
Article
Buoyant Adidas group upgrades guidance
The Adidas Group has raised its guidance for full-year sales and profits after a 17 percent sales hike to €4.8 billion in the first quarter, amounting to an increase of 22 percent in constant currencies. Supported by a higher gross margin and operating margin leverage, the group's operating profit for ...
-
Article
Puma reinforces retail partnerships
Puma says its sell-through is improving and it has started to regain some prominent shelf space as its sales advanced by 3.7 percent to €851.9 million in the first quarter, with a rise of 7.3 percent in constant currencies and organic growth in all regions and categories.While these increases are ...
-
Article
Sales drop at Volcom
Puma's higher sales contributed to a 7.0 percent increase in the revenues of Kering's Sport & Lifestyle segment on a comparable basis. In terms of reported euros, the segment's sales declined by 2.6 percent to €913 million. However, the “Other” sub-segment, which includes Volcom and Electric, saw its reported sales ...
-
Article
Puma and Adidas in legal imbroglio around soles and stripes
A court in Düsseldorf has rejected an attempt by Adidas to prohibit the sale of running footwear by Puma with a lightweight and bouncy sole that has some of the same characteristics as the Boost soles of the Adidas brand.Adidas filed for an injunction to halt sales of Puma's NRGY ...
-
Article
Under Armour grows sharply
Buoyed by Stephen Curry's performance and demand for his shoes, Under Armour achieved sharp rises in sales and profit for the first quarter, which encouraged it to upgrade its guidance for the full year.Sales leapt by 30.2 percent to $1,047.7 million, with a hike of 32 percent in constant currencies. ...
-
Article
Executive reshuffle in the Nike group
Davide Grasso, an Italian native, is to take over as president and chief executive of Converse, as part of a management reshuffle at the Nike group. After more than two decades with the Nike group, the last three as chief marketing officer for the Nike brand, Grasso is taking over ...
