Latest Headlines – Page 270
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Strong gains at Dorel, except for Caloi
Dorel Industries' second-quarter revenues grew 9.2 percent to US$655.8 million, driven by a 20 percent jump in sales to $286.2 million for its recreational and leisure division, whose operating profit more than tripled to $15.2 million. The Montreal-based maker of bicycles, child car seats and ready-to-make furniture, which reports in U.S. ...
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Rapala’s sales and profit under pressure
Rapala VMC registered a 5 percent sales decline to €77.7 million in the second quarter ended June 30 versus the same period last year. Revenues at comparable exchange rates grew by 1 percent. In the six-month period ended June 30, sales were €143.9 million, down 8 percent from the previous ...
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Yue Yuen sees profits fall by 48%
Yue Yuen's total turnover rose by 6.8 percent to US$ 3,951.3 million for the first half ended June 30. Recurring operating profits grew by 14.5 percent to US$ 218.1 million from the same period last year. However, the group also had a non-recurring loss for the half year of around ...
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Pou Sheng doubles first-half profits
Pou Sheng International Holdings reported a 9.1 percent sales increase to US$966.6 million for the first half ended June 30. Operating profits more than doubled and reached US$15.8 million, up 107.2 percent from the corresponding prior period. The company attributed the increase to solid growth in retail sales, which more ...
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Li Ning’s loss widens
Li Ning said it made a loss of RMB585.8 million (€71.4m-$95.5m) in the six months ended June 30, much wider than a year earlier, when the loss amounted to RMB184.2 million. The company had warned in July that it would post a loss of at least RMB550 million (€67.1m-$89.6m) for ...
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Anta leads Chinese recovery
Anta Sports described itself a few days ago as the first Chinese group to fully recover from the glut in inventories that affected the Chinese sports market for several years, after a sales increase of 22.4 percent to nearly 4,122 million yuan renminbi (€501.28m-$670.24m) for the first half of this ...
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Moncler posts double-digit growth
In the first half ended June 30, Italy's Moncler generated revenues of €218.3 million, a 19.2 percent increase at current exchange rates compared with the first half of 2013, and up 22 percent at constant exchange rates. Moncler's revenues jumped by 27 percent in April-June after a 16 percent rise ...
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Dakine rebuilds European operations
Dakine moved its European head office from Hossegor to Annecy last month, as part of the company's moves to rebuild its operations after its sale by Billabong International to a San Francisco-based private investment firm, Altamont Capital Partners, in July last year.Dakine, which focuses on snow sports and outdoor bags, ...
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Softer growth for Alpargatas
The growth in Alpargatas' net revenues softened in the second quarter to 5.2 percent as domestic sales rose by only 0.4 percent to 550.9 million Brazilian reais (€181.00m-$241.72m) as compared to the same period a year ago. For the sporting goods segment of its business, the Brazilian group reported a 7.8 ...
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VF claims progress in working conditions in Bangladesh
VF Corporation, owner of brands such as The North Face, Wrangler and Timberland, has published a progress report in which it highlights its work with the Alliance for Bangladesh Worker Safety to prevent unsafe conditions at the factories in that country with which it contracts. According to the statement, which ...
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Adidas cuts targets
Uncertainties in Russia and the weakness of the golf market prompted the Adidas Group to issue a profit warning today and to postpone the delivery of the targets set out in its Route 2015 plan. The company said this strategic decision will be accompanied by investments and other measures to ...
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Puma on track to start its turnaround
Just a few days before the planned start of a large-scale advertising campaign under the Forever Faster tagline, Puma put out figures that were roughly in line with its guidance for the second quarter, badly affected by exchange rate changes but still displaying a slight increase in comparable sales and ...
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Go Sport seeks ways out of its losses
Groupe Go Sport, the third-largest sporting goods retailer in France after Décathlon and Intersport, is engaging in new initiatives, including the planned launch of an internet marketplace, to help boost its lingering revenues and to reduce its chronic losses.Go Sport's new marketplace should be the first of the kind in ...
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SDI buys golf and fitness assets
Sports Direct International (SDI) is continuing to invest in various sports categories through acquisitions as well as partnerships. The leading British sports retailer has just bought a unspecified stake in Direct Golf UK, a leading British golf retailer, which should help to fund its expansion into Europe. John Andrew, a ...
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Accell sells fitness division, lifts bike sales
Warm spring weather in Europe along with robust demand for electric bicycles and high-end sports bikes again lifted half-year sales and profits at Accell Group, the Dutch company that owns Batavus, Sparta, Koga, Raleigh and Lapierre, among other bicycle brands.Accell raised its sales by just 0.5 percent to €506.2 million ...
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Brunswick cashes out of bowling
Brunswick Corporation has agreed to sell its 85 bowling centers in the U.S. and Canada to Bowlmor AMF for $270 million. The company had already divested its European retail centers last year. Brunswick has also hired Lazard to find a suitable buyer for its strong and profitable global bowling products ...
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Amer starts ball sports restructuring
Amer Sports, the multi-brand Finnish sports company, said it was starting the second part of its restructuring measures by easing the turnaround of its ball sports business and putting more resources behind strategic categories such as apparel and footwear, own retail sales and digital products.The company said that the measures ...
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Callaway gains market shares
Callaway Golf Company has reported a 7.1 percent decline in its revenues for the second quarter, down to $231.9 million, leading to a 63.7 percent drop in net earnings to $3.37 million for the period. The performance was worse than analysts were expecting, but the management indicated that Callaway scored ...
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Europe and footwear lift Columbia
A rebound in European sales helped Columbia Sportswear to post a 15.6 percent increase in total revenues to $324.2 million for the second quarter ended June 30. For the whole Europe, Middle East and Africa (EMEA) region, they were up by 39.1 percent to $72.9 million in the quarter, with ...
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Jarden posts some growth in outdoor
For the second quarter ended June 30, Jarden Corporation, owners of Coleman, K2, Marker, Shakespeare, Völkl and many other sports and outdoor brands, reported a marginal sales increase in its Outdoor Solution segment to $754.9 million from $741.1 million in the same period of a year ago. Particular strength was ...
