Latest Headlines – Page 265
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Columbia rises by 14% organically
Columbia Sportswear's sales were flat on a constant-currency basis in Europe, the Middle East and Africa (EMEA) during the third quarter ended Sept. 30. In terms of dollars, EMEA sales increased by 1 percent to $78.8 million. The group's revenues were up in dollars by 26 percent in the U.S. ...
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Timberland performs better than TNF or Vans
Timberland was the star performer at VF Corporation in the third quarter ended Sept. 30, while The North Face and Vans did not do as well as expected. Globally, Timberland's sales increased by 15 percent during the quarter, in contrast with increases of 9 percent at TNF and 12 percent ...
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Lafuma declines by 12.4%
Sales were off by 18.7 percent to €132.2 million for the Lafuma Group in the first nine months of this year, with a 12.4 percent decline in local currencies. Its new shareholders indicate that the drop was in line with its strategic plan, which gives priority to its profitability. No ...
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Bushnell is doing well and ATK may keep it
Alliant Techsystems (ATK) is reviewing a plan to spin off Bushnell and the other parts of its Sporting Goods segment to a new publicly trade company controlled by its shareholders. Called Vista Outdoor, the new company was going to start trading in January. However, ATK said last Wednesday that it ...
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Safilo wants to turn Smith into a more global brand
Safilo has announced a thorough restructuring of its Smith Optics subsidiary in the U.S. with the objective of turning it into a global brand. The move will lead to further integration with the Safilo group and the closure of Smith's headquarters in Ketchum, Idaho, which has a staff of about ...
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Callaway reduces its losses, raises guidance
Callaway Golf reported a 5 percent drop in sales to $169 million for the third quarter, attributing the decline to continued industry softness and a strategic change in the timing for new product launches as compared to the same period last year. In local currencies, sales were down by 14 ...
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Fletcher appoints a new president
Fletcher Sport Brands (FSB) has appointed Conrad Tappert as president, effective Oct. 20. Tappert will be in charge of the Canadian-based company's Sunice and AUR operations globally. He succeeds Mark Fletcher, who decided to leave the company formerly controlled by his family to pursue other opportunities after 21 years at ...
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Garmin is up 43% in fitness
Garmin saw revenues grow by 10 percent to $706 million in the third quarter ended Sept. 30, with double-digit increases in four of five reporting segments, led by the Fitness sector. The gross margin increased to 56 percent from 55 percent in the quarter of the previous year. Operating income ...
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Good results for Shimano
The depreciation of the yen boosted Shimano's exports and its overall sales and profit results for the nine months ended Sept. 30. Total revenues went up by 20.8 percent to 241 billion yen (€1.7bn-$2.1bn) during the period, with increases of 23.4 percent in bike components and 10.6 percent in fishing ...
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...not so good for Rapala
In contrast with Shimano, Rapala VMC suffered a 5 percent drop in its turnover to €211.7 million in the first nine months of this year. The operating margin fell to 10.3 percent from 11.0 percent in the year-ago period, due in part to exchange rates and the last stage of ...
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Foreign momentum helps Wolverine to keep growing
Without changing its profit target for this year or the five-year forecast that it had outlined a year ago, the management of Wolverine Worldwide reduced its guidance for the group's turnover in 2014. Instead of growing by around 3 percent as previously forecast, it will more likely increase by only ...
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Continued strong growth for Skechers
Skechers' sales continued to grow briskly in the third quarter ended Sept. 30, rising by 30.7 percent to $674.3 million, leading to a 29.5 percent increase for the first nine months of the year. Order backlogs were up by more than 50 percent at the end of the period and ...
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Crocs’ sales go up by 4.8% in the quarter
Crocs reported a 4.8 percent revenue increase in the third quarter ended Sept. 30, to $302.4 million, in line with guidance of $300 million to $305 million. On a constant-currency basis, sales went up by 5.4 percent. They were driven by strong revenue growth in Europe, particularly in the wholesale ...
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Crocs makes new appointments
Two of Crocs' new managers will be in charge of the Americas and the Greater China region. Two others have global responsibilities: Greg Sullivan as senior vice president of “global business transformation” and Michelle Poole as senior vice president of global product creation and merchandising.The new general manager of Crocs ...
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Polish market in good shape, researchers say
The Polish sporting goods market is expected to grow in the current year at a rate of 5.2 percent compared with 2013. This is one finding of a recent research project by PMR, a market research and consultancy company in Cracow. According to its report, it is expected to increase ...
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The Italian ski equipment market has improved
Pool Sci Italia, a consortium that represents ski equipment producers in Italy, has presented its sell-in results for the 2013/14 ski season, based on data supplied by both its member companies and collaboration with non-members. The survey, which has reached its 10th edition, covers the three categories of skis, bindings ...
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Clean-up, investments pay off at Belle
Another confirmation of the apparent turnaround in China's sports apparel and footwear market came a few days ago with a strong performance by Belle International, one of the two biggest Chinese sports apparel and footwear retailers. Sales and profit margins for this part of Belle's business both advanced significantly for ...
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WFSGI brings design and manufacturing together
The World Federation of the Sporting Goods Industry (WFSGI) has finalized an impressive line-up for the WFSGI Manufacturers Forum to take place in Leipzig on November 13 and 14. It will bring in top speakers from the industry as well as specialists from other sectors. They will discuss the integration ...
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Sports brands back sustainable down supply chain
Textile Exchange has announced that a number of international outdoor and fashion brands and retailers including Eddie Bauer, Marmot, Mammut, Helly Hansen, H&M and others have adopted its Responsible Down Standard (RDS). Textile Exchange is a U.S.-based non-profit organization operating internationally for sustainability in the apparel and textile industry. The ...
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The world’s biggest sporting goods chains grow more slowly
Their combined sales rose in 2013 at an average weighted rate of 6.8 percent in local currencies, according to an annual study of the major sporting goods retailers by Sporting Goods Intelligence, down from the impressive growth of 10.2 percent that they had registered in 2012. In terms of U.S. ...
