Latest Headlines – Page 239
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Descente grows mostly in Asia
The Japanese company, which bought the British Inov-8 brand last August, reported nearly flat sales of 27.2 billion yen (€205.3m-$220.8m) in its domestic market for the first six months of its financial year, ended Sept. 30. Descente's sales rose by 26.6 percent in the rest of Asia to ¥37.7 billion ...
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Black Diamond will re-size itself
While looking for possible new investments inside and outside the outdoor sector, Black Diamond Inc. (BD) has decided to simplify its structure following the sale of Gregory Mountain Products and Poc in the past two years. The reorganization, which should entail restructuring charges of $3.5 million in the next 15 ...
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Alpargatas sells Rainha and Topper
Alpargatas announced the sale of the Rainha and Topper brands of sports shoes in Brazil as well as a 20 percent stake in Topper Argentina, the parent company of Topper. The buyer of these assets is the Sforza group, which is owned by Carlos Wizard Martins, a Brazilian entrepreneur who ...
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Rip Curl reports improved results
While Quiksilver is struggling and Billabong International is recovering, the Rip Curl Group (RCG) is improving its financial results, as is Globe International. Rip Curl reported an increase in adjusted net earnings of 26.3 percent for the financial year ended June 30 on a 3.7 percent sales increase.No precise figures ...
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Dorel Sports’ growth is hit by currency headwinds
Dorel Sports' sales for the third quarter were flat at $266.5 million, but were up by about 9 percent after removing the impact of currency exchange fluctuations. Dorel Industries, Dorel Sports' parent company, attributed the growth of the independent bicycle dealer (IBD) channel to increased demand for the higher-margin bikes ...
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The French athletic shoe market climbs by 12%
The athletic footwear market in France has grown by 12 percent during the last 12 months, according to a recent study by NPD Group. Revenues for the segment have reached €2.7 billion and athletic footwear now accounts for nearly 30 percent of France’s overall footwear market. The growth has been ...
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Fenix brands on the rise
The acquisition of Globetrotter, the leading German outdoor retailer, contributed the largest part of sales expansion for the Fenix Outdoor International group for the third quarter, but the company's outdoor brands and its retail operations in Sweden and Finland all generated organic growth.Fenix acquired a majority stake in Globetrotter last ...
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Good progress for Thule
The Thule Group reported this week on a continued favorable trend in sales and earnings for its Outdoor & Bags segment, which is getting full attention from the management due to its new strategic focus on the sport and outdoor sector. Its commuter cycling backpack won first prize last month ...
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New CEO at Klättermusen
Gonz Ferrero, a young investor and executive with experience in digital business and Asia, was appointed chief executive at Klättermusen in October. He takes over from Johan Nordqvist, who left the company in May, only about a year after he was placed at the helm following a change of ownership ...
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New products and brand architecture for Gore
W.L. Gore will rearrange its various labels, starting with new clothing items being introduced by manufacturers for the autumn/winter 2016/17 season, in connection with the launch of three new products, Gore Thermium, Gore Windstopper with Insulation and Gore Windstopper for Light Rain Resistance. In the previous issue of SGI Europe, ...
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SDI snaps up Direct Golf
Sports Direct International (SDI), the leading British sports retailer, has taken over the business and assets of of Direct Golf UK, which was put into judicial administration earlier this month following alleged accounting issues. As previously reported, Direct Golf was at the center of a tug-of-war between SDI, which acquired ...
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XXL advances in Sweden and Finland
Fast expansion in Finland and Sweden supported a sharp sales increase in the third quarter for XXL ASA, the leading Norwegian sports retail group. Its turnover was up by 23.8 percent to 1,753 million Norwegian kroner (€185.9m-$204.7m) for the three months, with eight more stores and a sales increase on ...
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Strategic changes pay off at Amer Sports
Following strategic changes begun last year, the balls sports business at Amer Sports contributed a sharp rise in the group's sales for the third quarter, while the company's turnover continued to advance briskly in apparel, footwear, own retailing and China.The Finnish group's sales increased by 11 percent to €713.7 million ...
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Moderate growth for Jarden’s outdoor unit
Jarden Corp. reported a 3.6 percent drop in sales in the third quarter to $654.5 million for its Outdoor Solutions segment, which includes Coleman, K2, Völkl, Marker, Dalbello, Marmot, Berkley, Shakespeare, Rawlings and about 15 other sporting goods brands. Organically, sales rose by 3.7 percent. The segment's earnings inched up ...
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VF’s outdoor and action sports perform well
Double-digit sales expansion for the outdoor and action sports brands owned by VF Corporation supported the company's 8 percent sales rise for the third quarter in constant currencies. They contributed sales of $2,296.5 million, which was an increase of 5 percent in dollars and 13 percent in constant currencies. Their ...
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Strong results at Columbia, except in Russia and Asia
A slump of more than 30 percent in sales to distributors in Europe, the Middle East and Africa hurt Columbia Sportswear's performance in the region for the third quarter. Chiefly attributed to Russia, where Columbia works through Sportmaster, this decline could not be entirely compensated with sales expansion at a ...
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Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the price of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales. As company officials feel that the strength of the dollar will ...
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Deckers hires Stefano Caroti for omni-channel
Stefano Caroti is a seasoned sporting goods industry executive who spent 23 years at Nike and six at Puma, where he served most recently as chief commercial officer. In his previous career at Nike, he ran the company's Italian and German subsidiaries before taking care of footwear and then retail ...
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Kering reports a steady sales rise for Puma
Striving to regain impetus, Puma's turnover increased by 8.3 percent to €918 million in the third quarter, amounting to a rise of 3.9 percent in constant currencies and excluding structural changes. The increase was driven by the footwear category, which has been earmarked by Puma managers as a priority to ...
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Soaring sales, weaker margins for UA
Under Armour's quarterly turnover surpassed $1 billion for the first time in the three months until the end of September. However, investors' reactions were mitigated by the company's weakened profit margins, caused by the increased proportion of footwear in the product mix as well as investments in infrastructure and faster ...
