Latest Headlines – Page 285
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Columbia Sportswear wants to be more competitive
Columbia Sportswear will introduce new products with lower entry price levels and new technologies in Europe and the rest of the world. Noting that the purpose of this is to become more competitive and affordable, responding to consumers' demand for better value, Franco Fogliato, the newly-minted European manager of the ...
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Westcomb, a new Canadian challenger
You have almost certainly heard about Arc'teryx, the fast-growing Canadian brand of sports outerwear owned by Amer Sports. You may not have heard yet about another, younger and smaller Canadian brand, Westcomb, which is moving fast in the same direction, but you probably will - sooner or later.Like Arc'teryx, Westcomb ...
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Reusch rushes into the outdoor sector
Known for its highly technical ski gloves and goalkeeper gloves, Reusch is moving into the outdoor sector with its first line of outdoor-specific gloves, bringing out a series of ten functional models for the next spring/summer season. The line will be presented at next January's Ispo Munich show.To support the ...
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Spalding launches a basketball shoe division
Russell Brands, owner of the Spalding trademark, is launching a footwear division to turn the brand into a comprehensive solution for the basketball category covering equipment, footwear and apparel. Spalding is the largest basketball equipment supplier in the world, and America's leading baseball company. Spalding is also the official game ...
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Sagging profits at YY
Yue Yuen Industrial (YY), the world's largest footwear manufacturer, saw its turnover increase by 3.2 percent to $5,559.5 million for the nine months until the end of September, but its profit declined due to the higher cost of sales.The company said the volume of shoes sold for the three quarters ...
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Exceed to go private
Exceed Company, the Chinese marketer of the Xidelong brand, is set to go private and to be delisted from Nasdaq, after it sealed an agreement allowing interests around Exceed's chairman and chief executive, Shuipan Lin, to take over the company. The offer, which implies an equity value of about $60.1 ...
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Xidelong shrinks store network
The news on the going-private transaction came just days after Exceed announced that the number of Xidelong stores in China had been pruned by more than 30 percent since the end of last year, as the brand continues to suffer from lackluster consumer demand. It had 3,301 stores at the ...
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Brands look closely at new manufacturing processes
Faced with growing labor shortages, wage increases and other labor issues in China and other Asian countries, many sports brands are seriously considering alternative options to cut down their sourcing costs, while at the same time improving other aspects of the product development process and overall service. They are discovering, ...
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Singapore R&D center aids Rossignol and others
Rossignol is expected to unveil this week an innovative line of compression garments for cross-country skiing that will be worn by athletes competing in the Winter Olympic Games in Sochi early next year. The development of the line, which is intended to support the growing presence of the leading French ...
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Oru Kayak named 2014 Ispo Brandnew overall winner
Every year, Ispo identifies the best start-ups in the sports business and recognizes them with the Ispo Brandnew award. For the 2014 edition, the jury examined 264 entries from 31 countries and selected the Oru Kayak as the Ispo Brandnew Overall Winner. Eight additional winners and 36 finalists will be ...
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Gradual introduction for 37.5 in Europe
Cocona's new 37.5 trademark will first appear at retail in Europe next spring and autumn on products by Asics, Salomon, Bauer Hockey, Ride, Rip Curl and Tog24, says the American company. They will also be presented to the trade at the Ispo show in Munich in late January.Numerous other brands ...
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Adidas group predicts pick-up after bumpy quarter
Despite the weakness of the golf market and its logistical fiasco in Russia, the Adidas Group managed to deliver stable sales for the third quarter of this year in constant currencies, with sustained expansion in Latin America and China – and a substantial increase in margins.The group's sales contracted by ...
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Puma goes backto sports
Puma is ditching its “sports lifestyle” tag to be unequivocally positioned as a “sports” company again: This is the strategic angle outlined last week in Herzogenaurach by Bjørn Gulden, the company's chief executive since the start of July.The new approach is encapsulated in a brand tagline to be used in ...
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More one-off costs to hit Puma’s earnings
Puma warned last week that its net income for 2013 would be positive but significantly below the figure of €70.2 million reported for 2012, due to a new one-off charge of €130 million that will be booked in the fourth quarter. While the company already spent €177.5 million on restructuring ...
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Basicnet improves results sharply
Net earnings increased to €2,100,000 in the third quarter for the parent company of Kappa, Robe di Kappa, K-Way and other brands from €1,201,000 in the comparable period of 2012 in spite of a drop in consolidated direct sales of 6.8 percent to €28.6 million. The gross margin improved to ...
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Strong growth by Asics Europe in new categories
Asics Europe reports that its sales increased by 7 percent in the first six months of 2013, recording further gains in market shares, with double-digit growth in running apparel and strong single-digit growth in running shoes on a currency-neutral basis and excluding Haglöfs' turnover.Sales of running apparel grew by 48 ...
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Asics improves sales and earnings
Across the group, Asics Corporation recorded an increase in its turnover of 21.4 percent to ¥153.6 billion (€1,141m-$1,536m) in the six months ended last Sept. 30 from the corresponding 2012 period. The company mentioned among the factors for the growth the depreciation of the yen, the launch of new models ...
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Mizuno sees lower profits than expected
Mizuno continues to project a sales increase of 11.8 percent to ¥183 billion yen (€1,358m-$1,831m) for the financial year ending next March 31, but has revised downward its forecast for net earnings, predicting that they will only increase to ¥2.1 billion (€15.6m-$21.0m), up 7.9 percent from the previous financial year, ...
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Alpargatas sells more sports shoes
Alpargatas, the licensee of Mizuno in Brazil and in Argentina, has reported increases in the total volume of Mizuno shoes sold in Brazil of 48 percent during the nine month ended Sept. 30 and of 13.5 percent in the third quarter, expanding mainly in the multi-brand footwear retail channel. While ...
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Vulcabras reduces sales and losses
Sales continued to decline in the third quarter at Vulcabras, the Brazilian company that owns the Olympikus brand and has a contract with the Adidas Group for the Reebok brand covering Brazil, Argentina and Uruguay. The company's net revenues fell by 15.4 percent to 349.5 million reais (€112.2m-$151.0m), but while ...
