Latest Headlines – Page 295
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Elan resumes talks after failed sale
Elan has resumed talks with potential buyers after the failure of negotiations with Argus Capital, an investment firm that had sealed an agreement in principle last January to take over the Slovenian ski company from government-related entities. The investment firm apparently gave up on the acquisition after a more detailed ...
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Look Cycle looks for investors and new activities
Look Cycle has mandated a financial adviser, Bryan Garnier, to examine ways in which it can raise more capital to implement a plan to more than double its annual sales to around €100 million through acquisitions or through a diversification into other sectors such as billiards, tennis or golf equipment. ...
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Sergio Tacchini restructures, signs new licenses
Sergio Tacchini International has been placed in voluntary liquidation. The move was explained as a necessary prelude to a reorganization of the company based on a licensing model, starting with the spring/summer 2014 collections. The new company is going to concentrate on design, product development and marketing.The Tacchini group, which ...
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Head will redeem its bonds, despite a poor quarter
Head NV and its HTM Sport subsidiary will no longer be financed with bonds, but rather with bank financing. The two companies announced last May 6 their intention to redeem all their remaining senior notes on June 5. They would normally mature in 2014. The transaction is expected to cost ...
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Black Diamond posts 10% sales rise, despite colder late winter
Black Diamond Inc. reported total sales of $51.0 million for the first quarter ended March 31, representing a 10 percent increase on the first quarter of 2012. Sales went up by 6.9 percent to $20.1 million in the U.S. and by 11.9 percent to $30.9 million in other parts of ...
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Johnson Outdoors posts double-digit profit growth
Johnson Outdoors reported a 23 percent increase in net income to $8.9 million in the second fiscal quarter ended March 29, while sales grew by 3 percent to $132.1 million. Higher sales in Marine Electronics and Outdoor Gear more than offset revenue declines in other business units. Diving sales were ...
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Dorel’s bicycle segment declines
Dorel Industries reported first-quarter revenues of $203.5 million in its Recreational/Leisure division, down by 8 percent, ignoring varying exchange rates, after 13 consecutive quarters of growth. The division's gross profit fell by 12 percent to $51.3 million. Dorel's Recreational/Leisure segment includes cycling brands such as Cannondale, GT, Schwinn, Mongoose, Iron Horse, Pacific, ...
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Yue Yuen’s profit is cut in half
Yue Yuen Industrial Holdings reported yesterday a 49.9 percent drop to US$61.6 million in net profit attributable to the company's owners for the first quarter ended March 31 as compared to the same period a year ago. Its total turnover, which includes the retail revenues of Pou Sheng International, increased ...
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Norwegian consumers ignore sports banners
A survey conducted by Sportsbransjen, the Norwegian sporting goods industry association, has shown that the name of the retail store means relatively little to consumers in Norway. The survey asked 1,000 Norwegians about their attitudes toward the sporting goods chains. The results showed that the majority of consumers did not ...
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More real estate action in Oregon
On, the young Swiss brand of high-performance running shoes, has opened a U.S. sales office in the Pearl District of Portland, Oregon. It is headed up by Ted Goodlake, the brand's director of North American sales, who will be working with eight full-time employees and five independent sales reps. On ...
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Gulden named Puma’s CEO as sales slide
Last February, Björn Gulden had told investors that he was going to remain chief executive of Pandora Group, a highly profitable Danish jewelry group, denying a report in the German Manager magazine that he might be appointed head of Puma. As it turns out, Gulden was still one of the candidates for ...
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Sports Direct to post double-digit sales growth
Sports Direct International continues to grow strongly. In an update on its results for the year ending April 28, 2013, which are due to be announced on July 18, the U.K.-based company said that total group sales grew by 14.3 percent to £317.4 million (€374.4-$493.9m) for the nine weeks ending ...
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Sales up and margins down at JD Sports Fashion
JD Sports Fashion gave some indications of its performance in the financial year ended last Feb. 2. According to preliminary figures, the total revenues of the U.K.-based fashion and sports retail group increased by 18.8 percent to £1,258.9 million (€1,493.0m-$1,951.5m), but the gross margin declined to 48.7 percent from 49.2 ...
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Growth of 9.6% for Intersport France
Intersport France has reported a nice 9.6 percent increase in the sales of its affiliated stores to €1,422 million for last year, indicating a gain in market share. It was one of the best performances for Intersport at the international level, in spite of strong competition from Décathlon.In particular, the ...
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Near-stability for Go Sport
The Go Sport group seems to be on its way to stabilizing its turnover, at least in its domestic market. For the first quarter ended March 31, the French sports retailer has reported a 0.7 percent decline in total revenues to €166.4 million, with the group's sales in France down ...
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H&M and Zara believe in sports
After introducing some activewear in its stores and opening pop-up stores at the London Olympic Games, the international Swedish-based fashion retailer has announced that it will sponsor the members of the Swedish Olympic team for the next four years. H&M will supply the garments for the opening and closing ceremonies ...
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Margins improve strongly at VFC
As predicted in February, VF Corporation's revenues went up by only 2 percent in the first quarter ended March 31, hitting $2,582 million, due to delayed shipments of spring/summer merchandise and to a tough comparison with the strong first quarter of 2002. Sales growth would have been one percentage point ...
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Big jump in Columbia's earnings
In its first quarter of 2013, Columbia Sportswear managed to raise its total sales by 5 percent compared with the same period of last year, reaching $348.3 million. The impact of foreign currency changes was lower than 1 percent. Net income jumped by 159 percent to $10.1 million, including restructuring ...
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Lafuma Group suffers a significant sales decline
In the first half of its financial year to March 31, the Lafuma Group's turnover fell to €102.7 million from €132.3 million in the previous year's period, a decline of 15.4 percent. The sales figure still includes €11.7 million generated by operations that were halted or are planned to be divested. Last ...
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Amer on a good track
Supported by soaring demand in emerging markets, the Amer Sports group's sales inched up by 1 percent to €493 million for the first three months of this year, amid cautious buying in Europe and destocking of team sports products in the North American market. The Finnish group's quarterly sales were up ...
