Latest Headlines – Page 231
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Skullcandy misses its quarterly revenue guidance
Skullcandy posted results for the last quarter of 2015 that were short of its own guidance, which was already revised down in January. Sales decreased by 0.8 percent against the same period in 2014 to $96.1 million. The American supplier of sports headphones said in January that it was expecting ...
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Accell posts strong results on higher sales of e-bikes
The global revenues of Accell Group were up significantly in 2015, largely due to stronger sales of e-bikes in Europe. The Dutch-based bicycle group said that revenues came in 12.0 percent higher than in 2014, reaching €986.4 million. Currency exchange effects had a positive impact of €34.4 million due to ...
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Strong U.S. dollar impacts Dorel
Dorel Sports, the bike business of Dorel Industries, saw revenues drop by 2.5 percent to $253 million in the fourth quarter. Removing the impact of foreign exchange rates, revenues were up by about 3 percent. Dorel Sports' brands include Cannondale, Schwinn, Mongoose, GT, IronHorse, Caloi and Sugoi.The company said that ...
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Luxottica reviews Oakley’s strategy in the sports sector
The Oakley brand is expected to continue underperforming this year as compared to the rest of the Luxottica group but will nevertheless improve its growth rate from the pace reached in 2015. Oakley's revenues are due to rise by 3-5 percent at constant currency rates, against a predicted increase of ...
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Innovations from GoPro and DJI at Ispo
DJI, a Chinese brand of drone cameras and aerial photography systems and accessories, presented a new action camera, the Osmo, along with its camera drones, Phantom and Inspire, at the recent Ispo Munich trade show.Phantom is available at €599 for the entry-level model and €800 for the advanced model and ...
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Another down quarter for Crocs, especially in Europe
In line with a previous forecast made by its management, Crocs reported a 7.0 percent sales increase for the fourth quarter of 2015 in terms of local currencies. Translated into dollars, this led to an increase of only 1.1 percent to €208.7 million for the quarter.However, average selling prices were ...
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Moncler posts double-digit sales and profit growth
Moncler posted consolidated sales of €880.4 million for the year ended Dec. 31, 2015, up by 27 percent, or by 19 percent at constant exchange rates, despite a slowdown in the last few months of the year due to an unusually mild winter in the U.S. and a drop in ...
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Demand heats up for 361 Degrees
361 Degrees raised its turnover by 14.1 percent to 4,458.7 million yuan renminbi (€617.2m-$685.6m) last year, which was marked by unabated growth in Chinese demand and the brand's push in international markets.The Chinese group said the sales increase was driven by footwear, which benefitted from greater volumes and higher average ...
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Under Armour invests in U.S. soccer
Under Armour is investing in global football in the U.S., but is reportedly facing potential competition from Nike in the soccer fields of Europe. According to a report in the English Daily Mail, Nike is negotiating a deal worth at least £30 million (€38.7m-$43.0m) a year for the sponsorship of ...
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Nike suspends Sharapova deal after drug scandal, Head persists
Nike has suspended its sponsorship contract with Maria Sharapova after the Russian tennis star player announced on March 7 that she had failed a drug test at the Australian Open in January. Sharapova, who is no longer the No. 1 player in the world but is still the world's highest-paid ...
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Helen of Troy gobbles up Hydro Flask
The outdoor sports market continues to be an appetizing target for acquisitions, and its hydration segment is particularly juicy at the moment. After the takeover of Cool Gear by Igloo Products, of Camelbak by the new Vista Outdoor group and of Sigg Switzerland by a Chinese maker of vacuum bottles ...
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Hilly socks expand internationally
The Hilly brand of technical running socks has been launched in the North American market this year, as part of an international sales drive for the U.K. brand. Its distribution is handled by the North American sales force for Bridgedale, the brand of outdoor and winter sports socks belonging to ...
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Reima launches innovative kid’s items, opens stores in China
Reima, the Finnish brand of children's apparel, has developed what it claims is the first wearable technology for children, called ReimaGO, together with Suunto, the Finnish brand of outdoor instruments belonging to Amer Sports.ReimaGO measures movement and rewards kids for being active. The wearable movement sensor, mobile app and clothing ...
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Strong progress at Basicnet
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has reported a 17.2 percent increase in its aggregated revenues to €731 million in 2015, according to preliminary figures. The strong increase was partly related to the weakness of the euro, which also boosted the company's pre-tax ...
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Asics targets ¥750 billion sales in 2020
While unveiling its financial performance for last year, Asics outlined a five-year plan targeting sales of 750 billion Japanese yen (€6,070.0m-$6,686.2m) in 2020, which would amount to an increase of about 75 percent compared with the Japanese company's turnover last year.The running category alone is budgeted to generate sales of ...
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Europe drives sales expansion at Asics
Asics saw its sales advance by 10.5 percent on an adjusted basis to 428.5 billion Japanese yen (€3,465.3m-$3,820.3m) last year, with strong underlying expansion in Europe, but the Japanese company's profit margin was affected by exchange rates.The adjusted basis refers to the fact that Asics changed its financial year, so ...
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Mizuno grows by 7.5% in nine months
Mizuno Corporation's sales in Europe, the Middle East and Africa (EMEA) improved by 7.5 percent for the nine months until the end of December, with robust sales of running and indoor sports shoes, but the progress stopped in the last three months of the year. The rise contributed to an ...
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Shimano's 2015 sales jump on weak yen
Shimano saw its net income soar by 48.7 percent to ¥76,222 million (€608.2m-$677.1m) in 2015 compared with 2014. However, it was down by 25.1 percent on the previous year when including foreign currency translation adjustments, and the outlook for this year is not so good.In a summary of its 2015 ...
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Rapala's sales stable despite challenging conditions
Rapala VMC, the world's largest manufacturer of fishing lures, has posted stable results for 2015 despite the strong U.S. dollar, an economic slowdown in Russia and the loss of a distribution business in the U.S.Fourth-quarter net sales were down by 6 percent in constant currencies over the same period in ...
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Good momentum and big goals for Tecnica
Tecnica Group appears to rebound. Preliminary figures indicate that the Italian company reached a sales increase of around 10 percent to about €330 million in 2015, thanks mainly to the introduction of new products. The estimates excludes the Dolomite brand, which was sold to Scott Sports Group in November 2015.The ...
