Latest Headlines – Page 294
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Quiksilver aims for a 13% Ebitda margin
Quiksilver announced a profit improvement plan designed to raise earnings before amortization by $150 million to at least 13 percent of net revenues by 2016. About half of the gain should come from the optimization of the supply chain and the balance primarily from reduced overheads, new licensing opportunities, better ...
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Mizuno sees margins decrease
Mizuno raised its sales by 5.6 percent to a total of 163.65 billion yen (€1.2b-$1.6b) in the financial year ended March 31, but its operating earnings (Ebit) fell by 34.4 percent to ¥3,604 million (€27.4m-$35.7m), with declines in all the regions. The company blamed higher operating costs and higher purchasing ...
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Arena partners with Red Bull, Punto Azzurro
In a potentially sensational deal that should enhance the visibility of the brand, Arena has agreed to work together with Red Bull, the big international drinks company noted for supporting the most daring human exploits, to establish a new record in cliff diving. It now stands at below 28 meters, ...
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Brown Shoe sells Avia and Nevados
Brown Shoe Company had bought these two brands and two others, And 1 and Ryka, through the acquisition of American Sports Goods for $145 million in February 2011. Eight months later, it sold And 1, a brand of basketball products, for $55 million. This time it is selling Avia, a ...
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E-Land leads K-Swiss to buy OTZ
Shortly after closing its $170 million acquisition of K-Swiss, the American company that owns the K-Swiss and Palladium labels, E-Land has appointed a new management that has declared a clear interest in acquiring additional brands that can be “globally relevant.”Losing no time, K-Swiss has announced the takeover of OTZ, a ...
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Labor incidents spread from Bangladesh to Cambodia
Two Cambodian factories that work for Nike and Asics have been under the spotlight in the last couple of weeks in connection with serious labor issues. Last Monday, 23 of the 5,000-odd workers at the Sabrina Garment Manufacturing factory near the capital of Phnom Penh were reported wounded in clashes ...
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Patagonia looks to promote sustainability in other sectors
Yvon Chouinard, founder and major owner of Patagonia, has announced the establishment a new holding company to invest in companies in five critical areas – clothing, food, water, energy and waste – in ways that will share the same ethical approach to the environment and the same mission statement as ...
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Jack Wolfskin makes new commitments to sustainability
As part of plans to remove harmful substances from its production processes, Jack Wolfskin has published a detailed roadmap for the complete phase-out of perfluorinated and polyfluorinated compounds (PFCs) in its supply chain by 2020. It is committing itself to full transparency with regard to the chemicals used by its ...
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Timberland outlines its CSR performance
Timberland has released data on its corporate social responsibility (CSR) performance in 2012, showcasing the company's ongoing commitment to sustainability through a wide range of actions. According to the report, 39 percent of the materials used in Timberland apparel in 2012 were derived from recycled, organic or renewable sources, up ...
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Sales shrink by 66.3% at Exceed
The cleanup of the Chinese sports market badly hurt the quarterly performance of Exceed Company, the group that markets the Xidelong brand of shoes and apparel, which targets the mass market. Its sales shrank to 301.1 million renminbi (€38.0m-$49.1m) for the three months until the end of March, which was ...
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Foot Locker is set to buy Runners Point
Here is one more transatlantic acquisition in the footwear and sporting goods retail sectors after the recent takeover of the British Schuh retail chain by Genesco, Kurt Geiger of the U.K. by the Jones Group and Blue Tomato of Austria by Zumiez – and in the reverse, of The Athlete's ...
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Décathlon interests make a run at a U.S. chain
Olivier Leclercq, whose family owns 42 percent of Oxylane, parent company of Décathlon, has apparently made an unspecified personal investment in Sport Chalet, sending its stockmarket value up by 31 percent last Friday. Insiders control 68 percent of the shares in this big American sporting goods retail chain, which has ...
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Dosenbach-Ochsner posts satisfactory results
Switzerland's leading shoe and sporting goods retailer, which trades under the Dosenbach, Ochsner Sport, Ochsner Shoes and Dosenbach+Sport banners, increased its total sales by 2.5 percent last year to 893 million Swiss francs (€719.0m-$932.9m). Dosenbach-Ochsner is the Swiss subsidiary of Deichmann, Europe's largest shoe retail company, and it has been exploring ...
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Adidas Group delivers higher profits despite flat sales
The Adidas Group said that it would focus on profit margins this year, and so far it has delivered. While its sales were flat in terms of local currencies in the first quarter, the company achieved a gross margin of 50.1 percent, up by 2.4 percentage points from the same ...
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Adidas discusses Bangladesh and Bayern Munich
The ample margins obtained by the Adidas Group in the first quarter provoked sharp questions in a conference call with journalists about the distribution of profits in the supply chain, particularly after the collapse of a building with apparel manufacturing facilities in Bangladesh (see the related story further down in ...
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Growing unrest ahead of new labor guidelines in Bangladesh
The Bangladesh Garment Manufacturers and Exporters Association announced yesterday that its members are closing down all the 300-odd factories in the industrial belt of Savar-Ashulia because of escalating labor unrest. Local authorities had already shut down more than 100 apparel factories in this area near the nation's capital last Sunday, ...
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Weigl is Adidas’ new sports marketing czar
Jimmy Weigl, currently managing director for the Adidas Group in Central Europe, is to take the helm of the group's global sports marketing and sports relations, following Michael Riehl's sudden death from cancer last month at the age of 56. Riehl has held the job since 2001 and was a ...
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Puma impatiently awaits fresh leadership after a “rough” quarter
Puma downgraded its forecasts for this year after what it described as a “rough quarter” with shrinking sales and profits to start the year. However, Puma emphasized that it was forging ahead with its reorganization and pinning strong hopes on its new chief executive, Björn Gulden, who will take charge ...
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Herzogenaurach invests in English football
The West Ham United football club has confirmed reports that Adidas will became its official technical supplier as of June 1, taking the place of Italy's Macron. The contract runs for the moment until the end of the 2014/15 season and is said to be “lucrative.” Adidas was already the ...
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Asics grabs market share in Europe
Asics estimates that it enlarged its share again in the European footwear market last year, as its turnover in the Europe, Middle East and Africa region jumped by 9 percent to about €600 million. The increase excludes changes in currency exchange rates as well as Haglöfs, the Swedish outdoor brand ...
