Latest Headlines – Page 290
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Big loss for Li Ning
Li Ning said that the impact of its wide-ranging restructuring measures and investments should start to become apparent in the second half of this year, but the Chinese group suffered yet another sharp drop in sales and a whopping loss in the first half.The group's sales slumped by 24.6 percent ...
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Exceed may go private
Shuipan Lin, the founder and chief executive of Exceed Company, has put forward a non-binding proposal with several partners to acquire all of the outstanding shares they do not own in the company. The offer came just days after the Chinese company, which owns the Xidelong brand, put out unflattering ...
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Big drops for 361 Degrees
361 Degrees was no exception to the string of ghastly half-year reports that came from the Chinese sports market in the last days: The Chinese company's sales crashed by 30.4 percent to 1,998.2 million yuan renminbi (€247.1m-$326.7m) and its operating profit collapsed by 52.5 percent to RMB306.1 million (€37.9m-$50.0m) for the six ...
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Yue Yuen predicts a recovery in 2014
Wage hikes in Indonesia and retail discounts in China contributed to a sharp decline in the net profit of Yue Yuen Industrial (Holding) for the first six months of the year. The footwear manufacturing giant predicted that 2013 would be a year of consolidation but that a new era of ...
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Easton-Bell’s results are impacted by one-time costs
Easton-Bell Sports reported net sales of $201.6 million for the second quarter ended June 29, a decrease of 5.8 percent as compared to the second quarter of 2012, primarily due to lower sales of hockey equipment and the company's exit from non-core fitness products. The California-based group, which has 35 ...
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Bikes and accessories make up for 14% of the global sports market
NPD Group estimates that the worldwide cycling market was worth €38.5 billion after VAT at retail level in 2012. The data, reported by Bike Europe, also show that cycling, including bike parts and accessories as well as the sale of bicycles for day-to-day transportation, represents the biggest single category in the ...
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A good Eurobike show
Eurobike 2013, which took place in Friedrichshafen, Germany on Aug. 28-31, registered a higher attendance than last year, with 45,200 visitors versus 43,700 in 2012. They came from 111 countries, up from 97 last year. The foreign share was 56 percent. The business mood at the fair was said to ...
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B. Robinson licenses Revo from its new owners
B. Robinson is more or less doubling in size by taking on the global license for Revo sunglasses and related products. The deal follows the acquisition of the Revo brand from Oakley and its parent company, Luxottica, by an American firm, Sequential Brands Group, that specializes in marketing and licensing ...
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Intersport and Matalan join forces in the U.K.
Matalan Retail is launching a new chain of sporting goods stores in the U.K. called Intersport Sporting Pro. Headed up by Tom Knight, the former chief executive of JJB Sports, the new chain plans to have 15 stores in place at key mall and street locations all the over country ...
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New boss for The Athlete’s Foot
Intersport International Corp. announced last Friday the appointment of Ingmar Kraak as the new global chief executive of The Athlete's Foot, the big U.S.-based franchising operation for athletic footwear that it took over last December. Based at IIC's head office in Bern, Switzerland, he will take up the new position ...
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Swiss Intersport to lose its largest member
Universal Sport, a Swiss sports retail chain that is Intersport's largest member in the country, will halt its operations by the end of October. The official explanation is that the financing of the upcoming winter season was not secured as Intersport no longer provided any financial warranties for further purchasing. ...
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Sales decline at Adidas, but margins improve
Struggling against soft market conditions in Europe, a declining golf market in the U.S., adverse currency fluctuations and tough comparisons with the pre-Olympic and pre-Uefa period of a year ago, the Adidas Group saw its total revenues decline by 4 percent to €3,383 million in the second quarter ended June ...
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Reebok and running boost Adidas’ sales
They were the bright spots in the Adidas Group's brand and product scenario in the latest quarter. In particular, Reebok appeared to be poised for a lasting turnaround with an 11 percent currency-neutral sales increase in the second quarter, offsetting an 8 percent decline for TaylorMade-Adidas Golf. Adidas brand sales ...
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Puma's sales and profits are still on the slide
The almost complete new team appointed at the helm of Puma is facing an uphill task, as the company's sales and profit margins are still on the slide. But Puma's management said that its weak performance in the second quarter was in line with its forecast and that the company ...
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The weak yen helps Asics
Asics Corporation reported a 15.8 percent increase in total revenues to 76.6 billion Japanese yen (€595.8m-$791.8m) for the first quarter of its financial year, ended June 30, but the growth was inflated by the depreciation of its domestic currency. The gross margin was largely flat at 44.8 percent of sales. Operating ...
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Asics becomes the fastest brand in women’s running in Europe
Data from NPD Sports Tracking Europe show that between January and March this year, Asics grew faster at retail than the total sports footwear market in the five major European countries, with a 6 percent increase versus a 0.2 percent decrease for the market itself. It also grew faster than ...
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Mizuno’s sales up 6%, driven by running shoes
Mizuno recorded 6.1 percent sales growth to 45.2 billion yen (€352.2m-$469.9m) for the first quarter ended June 30 as compared to the previous year's quarter, with running shoes serving as a driving force behind the term's results, combined with sales increases in all other areas. With Senoh Corporation joining the ...
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Brooks looks beyond specialty running in Europe
Officials of Brooks Running Company say their brand has become the number one running brand at Runners Point, the German specialty retailer which is being taken over by Foot Locker. After concentrating for many years on specialty running stores, it has also started to do business with the retailers affiliated ...
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Good figures from Amer
Despite the cold and wet spring, which dampened enthusiasm for tennis and cycling, the Amer Sports group enjoyed rising sales in nearly all categories as well as a small improvement in its earnings. The Finnish owner of Wilson, Salomon, Atomic and other brands saw its sales grow by 7 percent ...
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Better results for Head
Head reduced its net losses by 54 percent to €3.57 million in the second quarter ended June 30. Gross margins improved to 39.7 percent from 36.8 percent. As a percentage of sales, the quarterly operating loss declined to 5.8 percent from 10.5 percent in the period a year ago but ...
