Latest Headlines – Page 291
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Weather affects Jarden’s outdoor operations
Traditionally, the second quarter is seasonally weak also for Jarden Corporation's Outdoor Solutions segment. This division, which comprises 21 different sports brands including Coleman, Ex Officio, K2, Marmot, Rawlings, Shakespeare and Zoot, booked a 6.1 percent decline to $741.1 million for the period, as the wet and cold weather in ...
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Columbia predicts a lower Ebit for the year
Columbia Sportswear reduced its net losses by 10 percent to $7.08 million in the second quarter, as compared to the same period a year ago, although its sales went down by 3 percent to $280.5 million, with one percentage point due to negative currency effects. The gross margin improved to ...
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Lafuma plans major refinancing
While reporting a double-digit decline in its sales for the nine months ended June 30, Groupe Lafuma said that it is in an active phase of negotiations with its bankers about a comprehensive refinancing program that will involve a significant equity increase. The French group's revenues for the nine-month period were ...
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Market conditions slow down Callaway’s progress
Softer market conditions in the U.S. and Europe and the transition of a third-party model for footwear and apparel did not prevent Callaway Golf Company from posting a small one percent sales increase in the second quarter ended June 30 on a currency-neutral basis and excluding the recently divested Top ...
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Accell performs better than the bike market
Accell Group said that bicycle sales declined in several markets during the first half of this year, due to cold spring weather and declining consumer confidence, but its own sales were higher than in the same period a year ago on a comparable basis. The group's total revenues increased by ...
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Shimano’s bike division rises by 8.3%
Shimano reported net sales of ¥133.1 billion (€1.04bn-$1.38bn) for the first half ended June 30, representing a 7.7 percent increase from the first half of 2012. The revenues of its bicycle division grew and fulfilled the company's previous forecast despite unfavorable weather conditions in key regions, offset by the depreciation of ...
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BasicNet’s profit climbs 69%
BasicNet registered aggregate revenues from its direct sales and its licensees around the world of €209 million in the first half ended June 30 for all its brands - Kappa, Robe di Kappa, Superga, K-Way, Lanzera, AnziBesson, Jesus Jeans and Sabelt. At constant exchange rates, aggregate sales stood at €214 ...
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Under Armour’s profit more than doubles
Under Armour's net income climbed by 163 percent in the second quarter ended June 30 compared with the previous year's period, reaching $17.6 million. The results, which topped Wall Street's expectations, were primarily driven by higher sales of base-layer apparel as well as football cleats and other shoes.New apparel items, ...
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Black Diamond has lower margins on higher sales
Black Diamond's total revenues increased by 10 percent to $38.8 million in the second quarter, but this was mainly due to the acquisition of Poc Sweden and Pieps Holding. In reported terms, sales declined slightly in the U.S. to $23.4 million but grew by 43 percent in international market, moving ...
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Profitable Bauer seeks new acquisitions
Bauer Performance Sports will intensify its review of acquisition opportunities across a number of existing and new sports categories, said Kevin Davis, president and chief executive of the Canadian-based company, while presenting its results for the financial year ended last May 31. It will be targeting small and medium-sized companies ...
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Anta sees the end of the tunnel
Anta Sports Products saw the first signs of a possible turnaround at its latest quarterly in-house fair, where the Chinese company collected a higher value of orders than one year ago for shipments in the first quarter of 2014. Orders had been declining at the company's house fair since those ...
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Branded athletic shoes grew faster than apparel in 2012
Both categories suffered a major slowdown in their growth around the world last year in terms of U.S. dollars, partly due to the depreciation of the euro and the sharp contraction in the previously booming Chinese market, according to the studies of the wholesale sports market conducted annually by Sporting ...
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Better prospects for the European market
An online survey conducted by us among sporting goods brands, manufacturers, distributors, agents and retailers earlier this month, just before the OutDoor show in Friedrichshafen, indicates that the European market may have reached bottom, as orders for the spring/summer 2014 season are expected to be higher than one year ago.The ...
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Helly Hansen’s former owner is in line to buy Rossignol
Altor Equity Partners, the Nordic investment fund that acquired Helly Hansen in 2006 from Investcorp and sold it last year with a big capital gain, is in exclusive discussions to take over an 80 percent stake in the Rossignol Group. The balance of 20 percent would be owned by Bruno ...
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Billabong sells DaKine, installs Olivet
Billabong International will continue as an independent group with a new chief executive and managing director, Scott Olivet, and without one of its brands, DaKine. The new set-up is accompanied by a financial rescue package of 395 million Australian dollars (€276.1m-$363.2m), arranged by Altamont Capital Partners and GSO Capital Partners, ...
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Staff cash in rewards of SDI’s rising profits
Sports Direct International (SDI), the leading British sports retailer and wholesaler, continued to spread its weight in the European market with expansion in all of its activities for the fiscal year to April 28. While it made headlines with its international acquisitions, the company also grabbed yet more market share ...
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Mixed results for Groupe Go Sport
The Go Sport Group suffered an overall sales decline of 4.1 percent to €310.8 million in the first half of this year, but its net consolidated losses dropped to €8.6 million from €17.4 million in the year-ago period in spite of deteriorating operating results. The gross margin declined to 38.9 ...
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Sport 2000 plots a multi-channel strategy
At its recent general meeting in Thessaloniki, Greece, Sport 2000 International decided to pursue an expansion strategy in e-commerce and mobile commerce, while positioning its affiliated stores as “multi-category specialists” with a focus on football, running and outdoor sports.Wolfgang Schnellbügel, managing director, said that Sport 2000 should be transformed “from ...
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German buying groups’ business is influenced by bad weather
The Intersport and Sport 2000 buying groups are both behind last year's sales for the period between January and June. Compared with last year's period, the two groups suffered a decline in sales on the retail level of 3 and 3.1 percent, respectively. This is no surprise after the weather ...
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Exisport restructures after expansion in Poland
Exisport, the leading sports retailer in Slovakia, said it was taking restructuring measures to focus on its profitable business in the Slovak market, after the closure of many of its stores in Poland. With 34 stores around Slovakia that reaped sales estimated at €39 million last year, Exisport said it ...
