Latest Headlines – Page 251
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Stronger results at Rapala
Sales increased by 12 percent to €73.9 million in the first quarter at Rapala VMC, and they were up by 8 percent in constant currencies. The operating profit grew by 23 percent to a level of 12.3 percent of sales. Excluding non-recurring items, it jumped by 60 percent in the ...
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Dorel Sports’ performance is affected by strong U.S. dollar
Dorel Sports saw revenues decrease by 4.8 percent to $228.9 million in the first quarter as compared to the first quarter of 2014, but revenues grew by around 3 percent after removing the impact of foreign exchange rates. Price increases were implemented in certain markets to mitigate the currency issues. ...
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Black Diamond improves on all fronts
The Black Diamond Inc. group's sales inflated by 13 percent to $50.3 million in the first quarter of 2015, and they were up by 18 percent in local currencies. In dollars, revenues increased by 22 percent in the U.S. to $20.9 million, and by 8 percent in the rest of ...
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Johnson weighs new diving strategy
Outdoor equipment was the only segment of Johnson Outdoors that reported increased profits in the second quarter ended April 3. Its operating earnings jumped by 87 percent to $1,070,000 as compared to the same period a year ago on 11 percent higher sales of $12.16 million. Jetboil, which has high ...
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Bushnell inflates Vista’s sales
Vista Outdoor, the owner of the Bushnell, Bollé and Cébé brands, saw its sales increase by 11 percent to $2.08 billion for the full year until the end of March, but this amounted to a pro forma organic sales decline of 9 percent compared with $2.28 billion for the previous ...
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Spy improves results
The American company reported a 0.7 percent drop in revenues to $9,131,000 for the first quarter, with lower sales of sunglasses partially offset by higher sales of snow goggles and prescription frames. The management blamed the ongoing contraction of the action sports retail sector and added that the business would ...
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Alpargatas performs better abroad than in the Brazilian market
Revenues and profits from sporting goods decreased sharply in the first quarter of 2015 at Alpargatas, the Brazilian licensee of Mizuno and Timberland and the owner of Topper and Rainha. The main reasons were an apparent decline in Brazilian consumption of the most expensive sports shoes and an increase of ...
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Vulcabras continues to improve
The parent company of Olympikus, which is about stop marketing Reebok in Brazil and other Latin American countries, reported a positive operating profit for the second quarter in a row. Vulcabras reached Ebitda of R$ 17.6 million (€5.1m-$5.8m) in the three months ended March 31, compared with a loss of ...
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The industry responds to the Nepal earthquakes
Many sports and outdoor companies have committed donations to the relief efforts organized by several organizations for the survivors of the devastating earthquakes that struck Nepal on Apr. 25 and May 13, causing more than 8,000 deaths and depriving the remaining population of houses, food and water. We have already ...
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Roland Garros Museum celebrates sustainability and fashion in sports goods
Patrick Kanner, the French Minister of Urban Affairs, Youth and Sport, inaugurated two themed exhibitions at the Museum of the French Tennis Federation, located inside the legendary Roland Garros stadium near Paris, on May 12. “Secondes Vies: Métamorphoses du Matériel Sportif” (Second Lives: Metamorphosis of sports equipment) showcases the recycling ...
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New solutions for sports and outdoor products at Techtextil
Outlast presented the second generation of its PCM acrylic fiber at the Techtextil trade show in Frankfurt, on May 4-7. Using a new production process, the company said it gets the Outlast acrylic fiber to perform four times better than the existing version. In particular, the spinning and dyeing properties ...
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Adidas Group regains impetus
The Adidas Group has delivered a vigorous sales and profit increase for the first quarter, with improvements in all markets other than Russia and the golf business. The group's sales jumped by 17.3 percent to €4,083 million, which was an increase of 9 percent in constant currencies, and its underlying ...
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New Adidas reporting reveals regional margins
A new reporting structure adopted by the Adidas Group delivers unprecedented details about the company's sales and profit margins by brand and by regional unit – revealing just how juicy its business is in Russia and China and the distance between the Adidas and Under Armour brands in North America ...
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Puma grows by 13%
In releasing sales results for all the components of its group, Kering said that Puma achieved a 13 percent sales increase to €825.0 million in the first quarter of 2015, up by 4.5 percent in constant currencies. In particular, Puma's sales of footwear recorded accelerating growth, rising by 8 percent, ...
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New European chief for Puma
A degree in Latin, Greek and philosophy may not be the most obvious study option to become a leading executive in the sports industry, yet that is precisely the qualification obtained at Oxford by Martyn Bowen, who has become general manager for Puma in Europe, the Middle East and Africa ...
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Under Armour keeps solid sales momentum
Under Armour posted a 25 percent sales increase to $805 million in the first quarter compared with the previous year's period. The period marked the 20th consecutive quarterly increase of more than 20 percent. In terms of local currencies, the growth rate was just a little higher at 27 percent.International ...
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Sport Zone enters India
Sport Zone, the leading sporting goods retail chain in Portugal, has entered the Indian market through a franchising partnership with Trent, a retail company belonging to the big Tata Group. Trent has opened a Sport Zone store in Bangalore and plans to add four more by the end of 2016.Sonae ...
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German group snaps up Dutch Intersport licensee
As rumored a few weeks ago, EK/servicegroup, a German buying group based in Bielefeld, is acquiring a 75 percent stake in Euretco, the Dutch buying group to which many stores trading under the Intersport and pther sports banner are affiliated. The stake was previously owned by company managers and Avedon ...
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Young new bosses for Sport Scheck and Otto Group
The Otto Group has decided to strengthen the management of its sporting goods retailing subsidiary, Sport Scheck. It has appointed a new chief executive, Markus Rech. The former CEO, Stefan Herzog, will report to him as a member of the executive board, which also includes Guido Jaenisch. Another member of ...
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Stadium CEO to leave healthy Nordic retailer
Gustav Öhrn, chief executive at Stadium for the last seven years, is preparing to leave the Swedish sporting goods retailer at the end of September, after a robust set of results for the last financial year and Stadium's move into the German market.The company reported sales of 5,048 million Swedish ...
