Latest Headlines – Page 280
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Billabong makes some progress
Billabong International posted a net loss of 126.3 million Australian dollars (€82.9m-$113.9m) for the six months ended last Dec. 31, down from a loss of A$536.6 million in the same period a year earlier, on a 4.6 percent drop in net revenues to A$667 million (€437.6m-$601.5m).Ongoing operations generated revenues of A$579.8 ...
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New licensees for Umbro
Iconix Brand Group told financial analysts a few days ago that it has signed new licensing agreements for Umbro in the U.K., Germany, Italy and the U.S. The company also revealed that it got $10 million from Descente to extend its ownership of the rights to the Umbro brand from ...
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BasicNet's profit up 5-fold
BasicNet, the parent company of Kappa, K-Way and other brands, said in a preliminary statement that its net profit for 2013 surged to €8.4 million as compared to €1.6 million in 2012. Earnings before interest, taxes, depreciation, and amortization (Ebitda) were €22.8 million, representing a 91.2 percent increase. Adjusted operating ...
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Moncler’s strong growth may be softening
Moncler's quotation on the stock exchange fell by more than 10 percent after the management indicated that it has been suffering from the mild conditions in Italy during the first two months of this year. Nevertheless, the company reported higher increases in sales and profits for 2013 than financial analysts ...
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OSV and Eurosima share services
Two big associations based in France, Outdoor Sports Valley (OSV) and the European Surf Industry Association (Eurosima), have agreed to offer all their services to the combined membership of 340 companies. The two associations have been working together from the beginning, learning best practices from each other. More recently, they ...
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New momentum for Columbia
Columbia Sportswear reported a sales increase of only one percent to $1,685 million in 2013, but the company enjoyed a higher-than-expected sales increase of 6 percent in the fourth quarter and the management sees the growth accelerating to a rate of between 15 and 17 percent in 2014. More than ...
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VF sees outdoor sales accelerating
The management of VF Corporation predicts that The North Face will grow by around 12 percent this year and Timberland by about 10 percent, compared with increases of 7 percent and 5 percent, respectively, in 2013. The acceleration became evident in the fourth quarter of last year, when the two ...
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Management changes at TNF China
Simon Shih, who is considered to be one of the most experienced people in China's growing outdoor industry, has become the new general manager of The North Face in China, taking the place of Patrick Zhong who has left the company.While Zhong was previously a category sales director at Nike ...
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Wolverine grows more slowly than expected
Sales increased by only 0.6 percent on a pro-forma comparable basis for Wolverine Worldwide in the fourth quarter ended last Dec. 28, due in particular to the impact of the early and protracted cold weather in the U.S., which led many consumers to buy boots as of last September. ...
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Skechers’ earnings soar
The momentum that the company experienced in the first nine months of 2013 continued through the fourth quarter, in spite of adverse weather conditions in the U.S., resulting in the second highest fourth quarter sales in the company's history.Skechers USA posted sales of $450.7 million in the fourth quarter ended ...
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Weak results for Jarden
Jarden Corporation's Outdoor Solutions segment (JOS) had flat sales of $617.8 million in the fourth quarter of 2013, although they went up by 1.7 percent on an organic basis, excluding the impact of foreign exchange rates, acquisitions and disposals.Cold weather in many parts of the U.S. cut the fishing season ...
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Black Diamond’s diversification pays off
Black Diamond Inc. has started to “explore strategic alternatives to monetize the value of untapped markets” for its Gregory Mountain Products business through the Rothschild group, said Peter Metcalf, chief executive of the group, pointing out that this brand is a coveted lifestyle brand in Japan, Korea and other Asian ...
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Anta is recovering
Anta Sports Products could not entirely halt the decline in its sales last year, but the company said that its measures to improve its partnership with retailers had been efficient and that its performance was recovering.The company's turnover reached 7,281.3 million yuan (€869.7m-$1,189.0m) last year, which was a decline of ...
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Sports brands support Belle's margins
Belle International, the mighty Chinese sports and footwear retailer, enjoyed growth in sales and profits last year on the back of acquisitions as well as heightened support from leading international sports brands.The group's turnover jumped by 10.3 percent to just over 36,249 million yuan renmimbi (€4,328.2m-$5,918.5m) in 2013. This included a ...
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Frank Dassler takes over at the head of WFSGI
Frank Dassler, general counsel and chief compliance officer at the Adidas Group, was unanimously elected for a three-year term as president of the World Federation of the Sporting Goods Industry (WFSGI) during the organization's annual assembly just before the recent Ispo Munich fair, as expected.As the representive of Europe, Dassler ...
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Fesi lobbies for action in Brussels
As we have previously reported, the European Federation of the Sporting Goods Industry, Fesi, has become very active in its lobbying efforts in Brussels. A few days ago, it held a couple of important meetings with key personalities of the European Commission and the European Parliament that should lead to ...
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Mixed results for Intersport in Germany
In 2012, the retailers affiliated with Intersport Germany had total sales after VAT of €2.79 billion, representing a slight increase in value of about one percent. On a comparable-store basis, however, their sales slipped by about one percent. In fact, the retailers added or revamped 87 shops, expanding the total ...
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German Sport 2000 retailers book 1.8% lower sales
Sales of the retailers affiliated with Sport 2000 Deutschland dipped by 1.8 percent, down to €1.55 billion after VAT, although the group's centralized invoicing increased by 5.3 percent.Officials of the German cooperative blame aggressive pricing by certain online retailers, among other things. The retailers suffered also from unseasonable weather conditions ...
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Gigasport reports stable sales, works more closely with Sport 2000
Gigasport, the Austrian specialty retail chain owned by the Kastner & Öhler department store group, is projecting flat sales of €210 million for the 2013-14 fiscal year ending Feb. 28. The sporting goods retail chain indicates that it will again book an operating loss in connection with its pull-out from the ...
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Sales and profits accelerate at Amer
Amer Sports raised its sales by 6 percent to €657.4 million in the fourth quarter ended Dec. 31, but they grew by 12 percent on a currency-neutral basis, confirming its focus on the development of the soft goods category with increases of 25 percent in footwear and 21 percent in ...
