Latest Headlines – Page 296
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Lower margins and higher sales for Jarden’s Outdoor Solutions
The Outdoor Solutions segment of Jarden Corporation, which includes brands such as Coleman, K2, Marmot and Rawlings, posted a 3.7 percent sales increase to $695 million for the first quarter of this year. On an organic basis, excluding the impact of foreign exchange fluctuations, acquisitions and divestitures, sales went up ...
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Callaway improves its profitability
Cost reductions and other initiatives that Callaway Golf took in 2012 contributed to improvements in gross margin and operating expenses in the first quarter ended March 31. As a percentage of sales, the gross margin increased to 46 percent from 44 percent in first quarter of 2012, while operating expenses ...
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Basicnet makes higher profits
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands incurred a loss last year, as previously reported. However, Basicnet improved its profitability in the first quarter ended March 31, due in part to exceptional income from the recently announced signing fee stipulated with its South Korean ...
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Crocs posts double-digit sales growth
Crocs reported first-quarter revenues of $311.7 million, up 14.7 percent on the first quarter of 2012, or 16.6 percent higher on a constant-currency basis. The record performance was attributed by the company to innovative products, the success of the company's multi-channel strategy and the global reach of its business. During ...
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Deckers’ income drops but results exceed expectations
Deckers Outdoor Corporation reports that its net income dropped to $1.0 million in the first quarter from $7.9 million in the first quarter a year ago due to higher operating costs, but the gross margin was 46.8 percent, up from 46.0 percent a year ago. Both sales and earnings per ...
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Under Armour's sales increase, but profits drop sharply
Under Armour's gross margin moved up by 0.3 percentage points to 45.9 percent in the first quarter, but its net income declined by 47 percent to $8 million, largely due to higher marketing costs connected to its “I Will” campaign and other operating expenses, which jumped by 25.7 percent to ...
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Bikes are spreading in the U.K.
The market for bicycles in the U.K. rose by 8.5 percent to an estimated £705 million (€834.9m-$1,091.6m) at retail in 2012, according to statistics quoted by Bike Europe, although some in the industry had anticipated a faster growth rate,. The rise in value reflects a continued shift toward the more ...
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Accell reorganizes U.S. operations
Predicting a further increase in turnover and net operating earnings for all of 2013, Accell Group's management told shareholders at its annual meeting last week that it will be able to report better results and an increase in turnover on an organic basis for the first quarter of this year, ...
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Shimano cycled faster, but caught smaller fish
The consolidated sales of Shimano increased by just 1.3 percent to ¥63,278 million (€496.9m-$647.6m) in the first quarter of 2013. The operating income fell by 9.4 percent to ¥9,755 million (€76.6m-$99.8m), while net earnings went up by 9.3 percent to ¥7,652 million (€60.1m-$78.3m).The Japanese manufacturer of bike parts and fishing equipment ...
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Rapala sets up ice-fishing production in Finland
Rapala VMC Corporation has raised its stake in Peltonen's ski factory from 90 to 100 percent. It has also decided to establish an ice drill manufacturing operation in Finland by the end of this year to strengthen its position in the ice-fishing business, which it entered in early 2012 by ...
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Good growth for the Finnish sporting goods market
Finland's sporting goods retailers raised their sales by 7.8 percent to €1,179.4 million including VAT in 2012, according to an annual census conducted by the Sporttimyyyä magazine. As shown in the table on this page, Kesko, the licensee of Intersport and the parent company of Kesport and Budget Sport, remained ...
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Vuarnet at loggerheads with former licensee
Disagreements between Vuarnet International and the brand's former European licensee for active sportswear and ski equipment, Vuarnet Sport, have escalated into a full-blown legal dispute. Vuarnet Sport has filed several lawsuits against Vuarnet International, the Swiss company that holds the rights to the Vuarnet brand, and related parties, demanding compensation for ...
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Vulcabras’s Ebitda moves out of the red
The Brazilian company, which owns Olympikus and has a management contract with Adidas for Reebok in three Latin American countries, has reported an adjusted operating profit margin before amortization (Ebitda) of 7.1 percent for 2012, against a negative margin of 6.7 percent for the previous year. The margin even reached ...
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Four sports industry associations sign up to fight fakes
A larger number of companies in Europe, Russia and Brazil are expected to collaborate with customs authorities to fight against counterfeiting in the framework of the Brussels-based World Customs Organization (WCO), in addition to big players such as Adidas, Nike or Lacoste, which are already using its systems.A memorandum of ...
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Adidas gives more aid to Indonesian workers
Adidas announced last Thursday that it had agreed to contribute additional aid of an unspecified amount to the 2,700 workers who lost their jobs two years ago through the “unethical” closure of the PT Kizone apparel factory in Indonesia. The company also said that the union representing the workers had ...
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Lots of marketing by Oakley in Europe
Oakley has unveiled a Europe-wide integrated campaign featuring three motorsport icons: Fernando Alonso, the Spanish Formula 1 world champion, Valentino Rossi, one of the most successful motorcycle racers of all times, and Sébastien Loeb, the French rally legend. They will be featured in the company's new “Change Perspective” campaign, which ...
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Décathlon grows by 7.2% and expands fast, especially in China
Oxylane, the French group that owns Décathlon, registered total sales of €7 billion in 2012, corresponding to an increase of 7.2 percent compared with 2011. The growth rate was down from the 8.8 percent growth posted in the previous year, partly because of the poor state of the Spanish market (see the ...
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Analysis: The sports equipment market 2012
The global market for sports hardware rose by 6.5 percent in terms of U.S. dollars at wholesale to $65.7 billion in 2002, according to an annual survey by SGI, driven by the double-digit increases scored by Accell Group, Giant, Shimano and other important suppliers of cycling products and firearms. Rising ...
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Duties on Chinese bikes likely to be extended
The European Commission is expected to recommend a continuation of the European Union's 48.5 percent anti-dumping duties on bicycles from China before a June 9 deadline for its decision on the issue; based on documents obtained by Bike Europe. It should also propose to the European Council that the duties ...
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Electronics should consolidate Babolat’s leadership
Babolat will certainly join SGI's sports equipment chart next year. In contrast to the relatively flat state of the world tennis market, the French company continues to grow at a double-digit rate, gaining market shares in several categories and several countries. Company officials feel that it may have even beaten ...
