Latest Headlines – Page 259
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Columbia ended 2014 strongly
Columbia Sportswear's sales jumped by 27 percent in the fourth quarter of 2014 to $677.0 million, generating a 57 percent higher operating profit, equal to 12.1 percent of sales, and a 51 percent higher net income of $55.6 million. On an adjusted basis, the operating margin reached 13.0 percent, up ...
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Strong showing for VF’s outdoor brands
All the three major brands in the Outdoor & Action Sports segment of VF Corp. had double-digit growth in local currencies during the fourth quarter of 2014. The biggest one, The North Face, enjoyed a 12 percent increase, driven by a jump of 30 percent in its direct-to-consumer (DTC) business.In ...
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Sales climb at Peak Performance
Peak Performance saw its sales advance by 5.6 percent in constant currencies for the six months to the end of December, despite several store closures. The Swedish ski, outdoor and golf brand's turnover reached the equivalent of 585.9 million Danish kroner (€78.7m-$89.1m) for the half year, up by 3.6 percent. The performance ...
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Johnson Outdoors affected by late orders
Sales of outdoor and diving products at Johnson Outdoors dropped significantly in the first quarter until Jan. 2, but the company attributed most of the decline to a shift in orders as retailers adjusted their inventory management. The first quarter of Johnson's fiscal year is seasonally slow for the company, ...
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Gore introduces a new, versatile technology
About 30 brands have adopted the new Gore-Tex C-Knit backer fabric technology in some of the jackets and trousers that they are proposing for the next autumn/winter season, creating a new category in their collections. Developed by W.L. Gore & Associates, it is designed for broader usage than the more ...
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Attendance grows by 2.7% at Ispo Munich
As usual, Messe München put out its Final Report on the last day of the Ispo Munich show, announcing that close to 80,000 industry professionals from more than 100 countries had visited the fair - meaning 80,000 daily passes through the turnstiles. The figure indicated a certain stability as compared ...
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Intersport grows by 2-3% worldwide
The sporting goods retailers affiliated with Intersport International Corp. raised their sales by around 2 percent to a total value of around €10.5 billion in 2014, with an increase of 3 percent in local currencies. Double-digit increases in football, running and fitness more than offset flat sales of outdoor products ...
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The Athlete’s Foot grows by 7.5%
Recovering from its previous decade's woes, The Athlete's Foot raised its retail sales by 7.5 percent to around €290 million in 2014, the first year that the banner was fully under the control of Intersport International Corp. The growth was a little smaller in terms of dollars and other local ...
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High bankruptcy rate in Norway
Strong competition from major sporting goods chains and online retailers in Norway has resulted in lower prices, reduced margins and a struggle to survive for many sporting goods stores. An article published by the Norwegian sporting goods industry association, Sportsbranjen, reveals that around 115 sporting goods retail operations have gone ...
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JD focuses on sport
JD Sports Fashion has always kept a presence in both the sports and fashion sectors. Even its core sports shops, managed under the JD banner, have kept a strong sports fashion component, and they have been the star performers within the retail group. Its controlling shareholder, Pentland Group, has a ...
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Adidas sells Rockport to New Balance and co.
New Balance will form a new company with Berkshire Partners that will take over The Rockport Company from the Adidas Group. The new company will also acquire the Drydock Footwear business of New Balance, which comprises its three main brands of casual and comfort shoes: Aravon, Dunham and Cobb Hill.We ...
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Adidas achieves targets, grows in Germany
After issuing several profit warnings in the past year, the Adidas Group finally delivered more or less what it had predicted the last time around in terms of sales and profits. In a preliminary statement, the group said its turnover increased by 6 percent in 2014 on a currency-neutral basis, ...
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Reebok launches an interesting campaign
Reebok has launched a new fully-integrated, global marketing campaign under the slogan “Be More Human.” The campaign officially kicked off in the U.S. with a TV commercial on NBC on Feb. 1, during NBC's Super Bowl pre-game show. Tt starting around the same time n Western Europe, focusing on digital ...
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Callaway gains market share, hit by currency swings
Despite the troubles that beset the global golf industry and its leading rival last year, Callaway Golf managed to increase its turnover in all regions and most categories, and it returned to profit for the first time since 2008. After many cutbacks as well as investments, the company said the ...
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Jarden ended 2014 well
In a preliminary statement, Jarden Corp. said a few days ago that it is likely to report on Feb. 12 sales of at least $2.4 billion for the fourth quarter ended Dec. 31, thanks to strong organic growth, offsetting a significant negative impact from the strong dollar and other changes ...
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Fitness delivers higher sales and earnings at Brunswick
Brunswick Corporation's sales advanced by 7 percent to $3,838.7 million in 2014, driven by the existing business as well as acquisitions. After abundant investments in the last quarters, the performance included increases of 8 percent in U.S. sales and 4 percent in international sales. .The sales data refer to the ...
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Brooks posts half a billion in annual sales
Brooks Running posted 15 percent growth in its 2014 sales, which reached a half billion dollars. The turnover of the company, which is owned by Berkshire Hathaway, was boosted by a 13 percent increase in U.S. footwear sales and a 32 percent jump in the EMEA (Europe, the Middle East ...
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French market posts best results in 5 years
The French sporting goods market posted a 3 percent increase in 2014, mainly driven by an increase in sports participation during the period. According to the figures recently issued by NPD Group, this is the best performance for France in the last five years. Combined sales of sports apparel, footwear ...
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Another record Ispo Munich, but...
Ispo Munich will again have more than 2,500 companies completely filling the space in its fairgrounds later this week, starting on Thursday. More booth space has been rented out than ever before, and visitors' registrations are up from a year ago. There will be many new entrants and newcomers, but ...
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Uncertainties but buoyant prospects for China’s sports market
The growth of the Chinese outdoor market declined markedly last year and there are signs that a clean-up has started among brands as well as retailers. However, the outdoor market was still on the rise last year and prospects are buoyed by growing participation trends.The China Outdoor Commerce Alliance (Coca) ...
