Latest Headlines – Page 300
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Shimano posts double-digit growth
Shimano is predicting a sales increase of 3.7 percent in 2013, with increases of 4 percent for its bicycle components and 2 percent for its fishing tackle. In the past year, its total sales grew by 10.9 percent in 2012 to 245.8 billion yen (€2.0b-$2.7b), showing an accelerating trend as ...
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Outdoor and fitness outperform at Garmin
Garmin's total revenues fell by 2 percent to $2.76 billion in the past year, with a 16 percent drop in the fourth quarter, but the Outdoor and Fitness segments came out better than others for the Swiss-based GPS company. Both segments showed higher operating profits for the year, but not ...
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Big management reshuffle at Easton-Bell
Terry Lee, co-founder of the former Bell Sports, and Tim Mayhew, a managing director of Fenway Consulting Partners, which owns a majority of Easton-Bell Sports, are taking over the company's helm after the resignation or dismissal of two more top executives of the group. Lee, a 63-year-old board member and ...
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Crocs feels it is turning the tide in Europe
Crocs plans to increase its marketing investments by one-third to about $15 million this year to raise consumer awareness of the brand. It also plans to open between 70 and 95 new stores – most of them in the first half – and to prepare the launch of a new ...
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Skechers recovers its momentum
Recovering from its previous woes, which were largely due to its flop with toning shoes, Skechers booked a 39.7 percent increase in overall group sales in the fourth quarter to $395.6 million thanks to the international business but even more by a dazzling 72.0 percent rise, or $69.9 million boost, ...
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Australian TAF franchisee downplays shoe retailing
RCG Corp., the Australian master franchisee of The Athlete's Foot, has placed its other retail banner, Shoe Superstore, into voluntary administration, which is a local form of bankruptcy, and written off its investment in the chain. Selling brands such as Ecco, Geox, Merrell, Rockport and Naot, the shoe retail chain ...
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Post-Olympic retail purge goes on in China
Chinese sports brands shuttered more than 3,000 retail stores altogether in 2012, compensating for their strong expansion in previous years and feeling the pinch from the growing competition from the international sports brands. Li Ning and Peak Sports closed down about 1,200 and 1,000 doors, respectively. China Dongxiang shut 569 ...
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A record Ispo mirrors an active market
The already big Ispo Munich fair that ended one week ago welcomed more visitors than ever before in the history of the sporting goods trade show. Its continued progress seemed to reflect the growing importance of the fair as a global meeting place for the industry. It probably reflected also the need for ...
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Albiro and Punto Azzurro manage Bailo and Vist
Bailo, a 60-year-old Italian producer of outdoor clothing, was going to merge with a younger Italian producer specializing in skiwear, Vist, but the combination did not work out for a variety of reasons. One of them was the pull-out of an institutional investor that was going to support their joint ...
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Running and tennis buoy Asics
Asics Europe lifted its sales by 8 percent in constant currencies for the nine months through September of last year, in spite of its decision to pull out of a few significant accounts as part of its selective distribution policy. After a robust third quarter, Asics Europe now expects even ...
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Sales up but profit slumps at Mizuno
The Mizuno group's sales revenues were up by 5.3 percent to ¥120.9 billion (€1.0b-$1.3b) for the nine months until the end of December, owing to brisk sales of running footwear and apparel, and the integration of Senoh Corporation from last July.Japanese sales were up by 7.4 percent to ¥90.4 billion (€717.8m-$967.1m) for ...
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Columbia continues to struggle in Europe ? and elsewhere
In the last three months of 2012, Columbia Sportswear managed to lift its net income by 8 percent to $39.5 million, while consolidated net sales fell by 5 percent to $501.1 million during the quarter. For the full year, the group's sales dipped by 1 percent to $1.67 billion and ...
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Helly still on the rise
Helly Hansen is set to double its sales in North America this year as it reaps the benefits of several years of investments. The Norwegian ski and outdoor brand already expanded its sales by more than 20 percent in North America in each of the last two years, partly based ...
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Peak Performance adds to international distribution
Peak Performance, the Swedish ski, outdoor and golf brand, has inked a deal with Vermont Holding in the Czech Republic, covering distribution in that country along with Slovakia and Hungary. Vermont already has an agreement to sell Gant in the same countries, where it has opened 58 stores for that ...
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Rapala's quarterly sales go up by 12%
Rapala has reported net sales of €67.9 million for the fourth quarter ended last Dec. 31, up by 12 percent from the equivalent period a year ago, and net sales of €290.7 million for the year, up by 4 percent. Both quarterly and full-year sales figures represent an all-time record ...
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Johnson Outdoors turns around in the quarter
Johnson Outdoors posted a 9 percent increase in revenues to $87.3 million during its first fiscal quarter ended Dec. 28, 2012, as compared to a year ago. The growth during the period, where the group's sales are typically the lowest in the year, was driven by higher sales in Marine Electronics ...
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Hi-Tec intensifies Polish partnership but takes over apparel
Hi-Tec, the Dutch-based outdoor and sports footwear brand, has reorganized its distribution in Eastern Europe by attributing more rights to Martes Sport, its Polish partner. Martes has long held a license for Hi-Tec footwear in Poland, along with a global license for Hi-Tec apparel, and three years ago its remit ...
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Puma launches the “Nature of Performance”
This year, Puma is introducing a new cross-category platform, called the “Nature of Performance,” to underscore its more performance-oriented positioning. The new theme is supposed to serve as inspiration for new products in football, running, training and fitness, and it will underpin the brand's marketing campaigns. The platform should ensure ...
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Dosenbach presents Fila's return to performance roots
Dosenbach-Ochsner, the Swiss subsidiary of Deichmann, the huge German shoe retailer, took the opportunity of Ispo Munich to relaunch Fila, the originally Italian brand for which Dosenbach has held the European license for nearly two years, excluding the British Isles and Russia where the rights are held by JD Sports ...
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Carlo Boroli concentrates on Briko
Carlo Boroli, the Italian entrepreneur who took over Briko in 2008, has sold his publishing company and is now concentrating completely on this Italian brand of sports eyewear, helmets and clothing for snow sports and cycling. Gianluca Pellegrinelli, the former manager of Intersport Italia who joined Briko as managing director ...
