Latest Headlines – Page 232
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Skechers is driven by international sales
Sales grew by 27 percent to $722.7 million in the fourth quarter of 2015 for Skechers USA, leading to a 34.3 percent increase in net earnings to $29.5 million for the period. However, the company indicated that it had an increase of only about 8 percent in its wholesale revenues ...
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Adidas wins key court case against Skechers
The federal district court of Portland, Oregon has issued a preliminary injunction against Skechers USA, ordering the company to stop selling its Onix, Relaxed Fit Cross Court TR and Supernova running shoes, saying that Adidas would otherwise suffer irreparable damage. Skechers pointed out that it had already discontinued sales of ...
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Burton announces promotions in marketing and product
Burton has announced a series of promotions in its marketing and product departments. Anne-Marie Dacyshyn, the current senior vice president of marketing, will become Burton's first chief marketing officer. She will report to John Lacy, the company's president, and will now oversee the marketing creative department, along with brand, digital, ...
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Wolverine reports mixed results
Wolverine Worldwide reported overall declines in revenues of 7.1 percent to $751.2 million for the fourth quarter and 2.5 percent to $2.69 billion for the full financial year ended Jan. 2. On an underlying basis - before currency conversions, retail store closures and the phase-out of Patagonia footwear - the ...
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Deckers restructures after poor results
Besides Wolverine Worldwide, which will announce its financial results later this month, another big American multi-brand conglomerate, Deckers Brands, is changing its brand management structure, too. It is creating two new business units: the Fashion Lifestyle Group with Ugg and the recently acquired Koolaburra brand, and the Performance Lifestyle group ...
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VF disappoints investors
The usually buoyant Outdoor & Action Sports coalition of VF Corp. suffered a 3 percent drop to $2.1 billion in its sales during the fourth quarter ended Jan. 2, largely due to the warm weather conditions that also hurt Wolverine Worldwide, Deckers Brands and other companies with the exception of ...
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Robust quarter for Columbia despite warm weather
Columbia Sportswear's sales in Europe, the Middle East and Africa (EMEA) declined by 15 percent to $58.2 million in the three months to the end of last year. Sales contracted by 6 percent in constant currencies, due to a fall of more than 30 percent in sales to distributors. The ...
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Fenix Outdoor thrives
Fenix Outdoor International's profit improved slightly despite vastly increased sales last year, as the strong performance of the group's brands and its Swedish retail business was mitigated by the charges affecting its retail division after the acquisition of Globetrotter, the German outdoor retailer.Martin Nordin, chief executive of the formally Swiss ...
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Peak Performance sales decline on wholesale cuts
Peak Performance saw its sales decline by 4.1 percent to 562 million Danish kroner (€76.3m-$84.6m) for the six months until the end of last year, due to a clean-up in distribution that reduced its wholesale turnover, as well as weaker demand in Norway and Finland. The sales decline amounted to ...
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Wiggle and Chain Reaction Cycles to merge
Wiggle and Chain Reaction Cycles have announced their merger. Wiggle, based in Portsmouth, in the U.K., is an international online retailer selling cycling, running, swimming and triathlon products. The company serves customers in more than 70 countries. Chain Reaction Cycles (CRC) is an online bike store based in Doagh, Northern ...
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Anta and Descente study Chinese joint venture
Anta Sports Products, the leading Chinese sports brand, has sealed a preliminary agreement with several parties around Descente to form a joint venture for the sale of all categories of products under the Japanese brand in China, excluding Hong Kong and Macau.The proposed deal is most certainly intended to take ...
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Anta's sales soar with consistent brand strategy
The potential joint venture between Anta Sports Products and Descente emerged while the Chinese sports apparel and footwear brand reported a sales jump of 24.7 percent to 11,126 million renminbi (€1,543.5m-$1,702.4m) last year, with ample rises in profits. The group pointed out that it became the first Chinese sports company to ...
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L-Fashion launches new strategic initiatives
Brand extensions are the name of the game in the flattish market conditions of today. The Finnish-based L-Fashion Group, which suffered from a tough market situation in its domestic market and in Russia last year, is coming out with the first lines of shoes under its Luhta and Icepeak brand ...
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Globe grows only in Australasia
Globe International continued to outperform other action sports companies in the first half of its financial year, ended Dec. 31. The Australian surf & skate company reported a 19.5 percent increase in its revenues to 79.1 million Australian dollars (€51.6m-$56.7m) for the period. Operating earnings before amortization (Ebitda) went up ...
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Nautilus posted 15% higher sales in Q4
Nautilus' sales reached $109.1 million in the fourth quarter of 2015, representing a 15 percent increase against the corresponding period in 2014. The fitness equipment manufacturer said this performance was driven by higher sales in both its direct and retail segments, with a growth of 15.5 percent and 20.7 percent, ...
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Fitbit jumps by 92.2% in fourth quarter
In contrast with GoPro, whose results significantly missed analysts' expectations (see our previous issue), Fitbit suprised them by reporting a 92.2 percent increase revenues of $711.6 million and a 66 percent jump in adjusted operating earnings before amortization (Ebitda) to $125.3 million for the fourth quarter of 2015. Net income ...
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Down jackets boost the French skiwear market
In 2015, French consumers bought overall about three million down jackets, and 80 percent of them were not used for skiing purposes. Excluding down jackets, ski clothing represented a turnover of €250 million and its consumption registered a 5 percent decline from the previous year.According to NPD Group, which ...
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Greenpeace acts forcibly in Italy
Greenpeace activists “attacked” The North Face store in Milan's Galleria San Carlo on Feb. 18, to protest against the brand's use of hazardous chemicals in clothing and accessories. The activists launched red confetti, symbolizing poly-fluorinated compounds (PFCs), inside the store and in front of it. A recent report compiled by ...
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Outdoor brands under Greenpeace scrutiny
Leading outdoor brands have reaffirmed their commitment to eliminating per- and polyfluorocarbons (PFCs) from their production after Greenpeace said it has found “hazardous PFCs” in outdoor apparel, footwear and other products tested for its latest report on outdoor gear, called “Leaving Traces.” At a packed press conference at Ispo Munich, ...
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Patagonia releases new book for eco-activists
Patagonia has released a new handbook for environmental activists across the globe entitled “Tools for Grassroots Activists: Best Practices for Success in the Environmental Movement.” The book, co-authored by the company's founder and owner, Yvon Chouinard, is a collection of tips and essays from its biennial Tools Conference, with contributions from ...
