Latest Headlines – Page 246
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Shimano grows by 26%, outperforming in cycling
Shimano recorded worldwide sales of 196.6 billion yen (€1,443.4m-$1,582.9m) in the first half of the year, representing an increase of 25.8 percent compared with last year's first half. Growth was helped by, among other things, the continued depreciation of the yen, which made Japanese products more affordable. The company had ...
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Russia and the weather affect Rapala in Q2
The situation in Russia and Ukraine continued to be very difficult for Rapala VMC in the second quarter ended June 30. Based on comparable exchange rates, the Finnish fishing tackle specialist's European sales outside the Nordic countries were off by 5 percent during the period, dragged down especially by lower ...
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Luxottica axes 400 jobs at Foothill Ranch
Luxottica is dismissing 400 employees at Oakley's headquarters at Foothill Ranch, California, as part of its plans to integrate the brand. From Oct. 1, the North American structure of the brand, including information technology, administration, sales and order management will be transferred to Luxottica, mainly to the wholesale unit in ...
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Good quarter for Thule
The Thule Group reported a 78.9 percent jump in net income to 254 million Swedish kronor (€26.8m-$29.4m) for the second quarter ended June 30. Sales increased by 20 percent to SEK 1.70 billion (€179.4m-$197.0m), and they were up by 6.4 percent on a currency-neutral basis. However, the gross margin declined ...
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Moncler posts higher revenues, operating profits and net result
Moncler reported a 35 percent sales increase in the first half of 2015, with sales reaching €295.8 million and positive performances across all its markets. At constant exchange rates, the sales growth was limited to 26 percent. New openings played an important role, together with a strong contribution from stores ...
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Further big gains for Skechers
Once again, Skechers USA surprised financial analysts by announcing a jump of 129.2 percent in net earnings for the second quarter on 36.3 percent higher revenues of $800.5 million. The gross margin was up by 0.9 percentage points to 46.8 percent, while the operating margin shot up to 14.0 percent ...
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The strong dollar affects Deckers
The parent company of Ugg, Teva, Sanuk and other brands reported increased net losses of $47.3 million for its first quarter, ended June 30, as compared to $37.0 million in the same period a year ago. At 40.5 percent, the gross margin was 0.5 percentage points lower than a year ...
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Crocs is not yet out of the woods
Crocs' new focus on fewer products, fewer stores and fewer geographical markets is not expected to bear its best fruits until the first half of 2016. Gregg Ribatt, the company's new chief executive, sees the business continuing to stabilize around the globe, and sales declined by 8 percent in the ...
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China’s Anta makes strong progress
Indicating that the Chinese sports market may be recovering at last, Anta Sports has reported that its sales rose by 24.0 percent to 5,109.8 million yuan renmimbi (€751.4m-$822.7m) in the first half ended on June 30. Footwear sales increased by 19.5 percent to represent 47.0 percent of the total turnover. ...
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EU signs FTA with Vietnam
After lengthy negotiations, the European Union and the government of Vietnam have concluded a preliminary Free Trade Agreement. The Federation of the European Sporting Goods Industry (Fesi), which supported the negotiations throughout the process, welcomed the new development.Vietnam has become one of the major sourcing countries for a variety of ...
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NPD sees European growth slowing down
The consumption of sports shoes and clothing last year enjoyed the fastest growth rate since 2009 in the five major European countries, according to the NPD Group. After declining in 2013, the apparel market recovered in 2014, rising by 2.1 percent, but the footwear category grew at a much faster ...
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Analysis: The global athletic shoe market 2014
The global branded athletic footwear market grew by 11.1 percent to $52.6 billion in 2014, the highest rate since the 13.0 percent increase registered in 2011, according to an annual study by Sporting Goods Intelligence of the brands’ sales to distributors, retailers and consumers.
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British stores drive ample gains at Sports Direct International
Sports Direct International (SDI) lifted its sales by 4.7 percent to £2,832.6 million (€4,045.5m-$4,423.8m) and achieved increased profit margins for the fiscal year until April 26, but the leading British sports retailer slashed its underlying operating profit target for the current fiscal year due to failed acquisitions.SDI's gross margin for ...
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Matalan pulling out of Intersport Sporting Pro
Intersport Sporting Pro, the partnership between Matalan and Intersport U.K., is to be terminated just two years after its managers outlined plans to open 100 stores in five years. Six of the 15 stores are to be taken over by DW Sports, another partner of Intersport U.K., while the others ...
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Intersport Germany’s sales fueled by outdoor
At the OutDoor show in Friedrichshafen last week, Kim Roether and Jochen Schnell, chairman and member of the executive board of Intersport Germany, respectively, gave an insight on the evolution of the buying group in the first half of 2015. Compared with the previous year, the affiliated retailers improved their ...
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German Sport 2000 expands its specialty retail network
By the end of June, the German section of Sport 2000 had increased the number of affiliated retailers by 83 above the number a year ago. The group won 107 new members, lost 24 and currently has a total of 888 affiliated retail companies running 1,184 stores.Productwise, the group benefited ...
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German buying groups oppose Adidas‘s new payment terms
Adidas is trying to implement new payment terms on its retail customers in Germany – and the local buying groups are not pleased. Both Intersport and Sport 2000 have been negotiating with their top supplier who aims to reduce the traditional cashback discount granted to early payers to only 1 ...
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Wolverine accelerates
Wolverine Worldwide's consolidated revenues grew by 2.7 percent to $630.1 million for the second quarter ended June 20, with a 4.9 percent increase on a currency-neutral basis. They actually went up by 6.9 percent without including the discontinued line of Patagonia footwear and sales at the corporate stores that have ...
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Gains in hockey and lacrosse at PSG
Performance Sports Group (PSG), the company behind the Bauer and Easton brands, should achieve a sales increase of about 47 percent to $654.0 million for the fiscal year until the end of May, based on preliminary figures. This amounts to a rise of 51 percent in constant currencies, but sales ...
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Allied Feather upgrades its traceability tool
Allied Feather & Down is launching an improved version of its TrackMyDown website that will enable consumers to check where the down used in its partners' products was produced and how it was processed. They will be able to do so from next autumn, coinciding with the retail launch of ...
