Latest Headlines – Page 287
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Cocona launches a new brand name
Cocona Natural Technologies, the American materials technology company, has decided to put a new brand name – 37.5 – on its patented compounds, highlighting the fact that they help to maintain body temperature and body humidity during sports activities. Based on coconut husk and other natural microporous materials, they improve ...
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Essilor acquires Costa
Based in France, Essilor International is the world's largest manufacturer of ophthalmic lenses, and it has been investing strongly in sun lenses lately, as reported in one of our sister publications, Eyewear Intelligence. Based in Lincoln, Rhode Island, Costa Inc. is the marketer of Costa and Native sunglasses, which are ...
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Strong growth for Costa
Sales grew by 26.3 percent to $24.6 million in the third quarter ended Sept. 28 at Costa Inc., the company that owns the Costa and Native brands of sunglasses and that is being taken over by Essilor International (see the previous article in this issue). They rose by 24.1 percent ...
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Patagonia reports further progress in sustainability
The outdoor industry's pioneer of the sustainability concept has announced a new milestone in its efforts, claiming that it is going to be the first apparel manufacturer of its size that will be capable to trace down the entire supply chain for its entire collection of down-insulated products, starting with ...
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The global market keeps growing, but the major chains grow faster
The global sporting goods market grew by 5 percent at retail last year to reach a level of €273 billion after sales taxes, according to NPD, or about US$350 billion. The growth rate was the same as the one that NPD had estimated for the previous two years.In this context, ...
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New plans for Fesi
The Federation of the European Sporting Goods Industry (Fesi) is moving into a higher gear following the unanimous election of Bruno Alves as president by a newly elected 15-member board of directors during the annual general assembly of the organization in Prague earlier this month. He succeeds Frank Dassler, general ...
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Go Sport changes top management after a new sales decline
Groupe Go Sport of France has announced the reshuffling of its management, in connection with the release of relatively poor sales results. On Oct. 7, Jean-Paul Onillon was appointed chairman of the retailer's board of directors and André Segura was named as the group's new general manager. They took the place ...
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Change of the guard at Intersport France, too
Like Go Sport, Intersport's French licensee wants to position its affiliated stores more clearly as partners of the sports brands to contrast the dominance of Décathlon in the market. It wants to improve their attractiveness and services for the end consumer.To this end, Intersport France has appointed François Neukirch as ...
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Sports Direct’s leaders cash in with big profits
Mike Ashley, Dave Forsey and Bob Mellors all made huge profits in the last few days on the sale of shares in the company, which continues to produce excellent figures. Ashley is the maverick investor who controls Sports Direct International. Forsey is the chief executive and Mellors is the finance ...
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A setback for suppliers in Norway
Sportsbransjen, Norway's sporting goods industry association, indicates that the industry's retail sales should go up by around 4 percent this year, performing better than the general retail sector, after an increase of 4.3 percent recorded in the first half of 2013. Quoting a recent study, Sportsbransjen predicts that the sporting ...
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Nike targets $36 billion by 2016/17
Announcing a new sales target, Nike told investors at a recent conference that it plans to reach an annual group turnover of $36 billion by May 2017. This would imply compound annual growth of 9.2 percent, at the high end of its most recent guidance. The company expects to reach ...
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Adidas centralizes management roles
Adidas Group is creating a new structure for Western Europe, while combining the management of the Adidas and Reebok brands in North America. Observers point out that the group has been under performing in both markets lately.Gil Stayaert will act as managing director of the new Western Europe unit from ...
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Adidas puts big money into Italian football
Adidas' only major football property in Italy was the AC Milan team, but the Big a and the Swoosh will each sponsor two important Italian football teams over the next few years. Without commenting on its financial arrangements, Adidas confirms that it will replace Nike as the new technical sponsor ...
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Kering’s Sport & Lifestyle segment is struggling
In disclosing its sales results for the third quarter ended Sept. 30, Kering yesterday reported a 0.9 percent drop in the sales of its Sport & Lifestyle Division for the period on a currency-neutral basis. Sales increased by 2 percent for Volcom but were off by 0.8 percent for Puma. ...
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Rossignol introduces e-commerce site
Rossignol has launched a new e-commerce platform that is closely connected to its retail network. Customers can buy online any of the products from Rossignol's collections to be delivered to their homes for a fee or pick them up for free at any of a selected number of partner stores. ...
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Good growth for Amer
The parent company of Salomon, Atomic, Arc'teryx, Wilson, Precor, Suunto and other sports brands managed to raise its total revenues by 7 percent in local currencies during the quarter ended Sept. 30, driven by increases of 19 percent in apparel, 15 percent in sports instruments, 11 percent for footwear, 10 ...
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VF reinvests extra profits in marketing
The American conglomerate has done it before. While reporting better-than-expected results for the third quarter, VF Corp. announced that it had decided to reinvest a further $40 million in marketing during the second half of this year. It has already allocated $10 million to the third quarter. The balance will ...
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Callaway Golf makes big strides in the quarter
Excluding structural changes and foreign currency movements, Callaway Golf's sales shot up by 38 percent in the third quarter ended Sept. 30, with impressive gains of 33 percent in the U.S., 52 percent in Europe, 47 percent in Japan and 45 percent in the rest of Asia. In reported terms, ...
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Columbia is optimistic
Announcing a 14 percent increase in its quarterly dividends, Columbia Sportswear's board of directors was said to be confident in better results going forward. In fact, while they were still largely negative, the results released for the third quarter ended on Sept. 30 were better than forecast, due especially to ...
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Under Armour grows faster than expected
Under Armour upgraded its guidance once again after posting a better-than-expected 26.9 percent increase in net income to $72.8 million for the third quarter ended Sept. 30 on 25.7 percent higher overall revenues of $723.1 million. Gross margins fell slightly to 48.4 percent, but operating earnings increased by 33.0 percent ...
