Latest Headlines – Page 307
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Garmin grows in outdoor, fitness falters
Garmin's revenues rose by 11 percent in its outdoor segment to $105 million during the third quarter ended Sept. 29, driven by its golf lineup, dog tracking and training, and a recently introduced watch. During the quarter, the company also introduced the Alpha GPS Track and Train System, described as ...
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Intersport acquires The Athlete’s Foot
Intersport International Corporation (IIC) announced today the acquisition of The Athlete's Foot (TAF), a U.S.-based retail company that franchises 430 athletic footwear shops in 27 countries around the world. The acquisition covers 100 percent of TAF's assets, its global trademark rights and all its franchising agreements.TAF is still recognized as ...
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Go Sport shows improvement
The sales figures published by the French Go Sport Group indicate that it is getting better. In the third quarter ended Sept. 30, its total sales rose by 4.0 percent to €189.2 million. On a same-store basis, they went up by 4.9 percent, with the French multi-sport Go Sport stores ...
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Eybl ends license agreement with Intersport
Sport Eybl & Sports Experts, the leading Austrian sporting goods retailer with an estimated market share of 25 percent in the country, will drop the name Intersport from its Eybl chain. Eybl was one of the founding members of Intersport Austria some 50 years ago, but quit the buying group ...
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Sports Direct delivers strong growth
Sports Direct International released a pre-close trading update on Oct. 24, in advance of results for the half year ending Oct. 28, 2012, which will be announced on Dec. 13. The group's total sales for the nine weeks ending Sept. 30 were up 18 percent to £402.7 million (€500.9m-$646.7m). Gross ...
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Iconix buys Umbro
Nike has announced the sale of Umbro to Iconix Brand Group, a specialist in licensing that bought Starter from the Swoosh for $60 million in 2007, licensing it out to Walmart and others. It's probably a good fit, considering that most of Umbro's revenues come from the royalties it gets ...
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Maus Frères wants control over Lacoste
Maus Frères announced last Friday that it has signed an agreement in principle to take over a 30.3 percent stake in Lacoste SA, the family-controlled licensing company that owns the trademark rights to the famous brand. The proposed price is said to value the company at between €1 billion and ...
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D&K Distribution to revive Conte of Florence
D&K Distribution is taking over gradually Conte of Florence, an iconic Italian brand of sports clothing with 60 years of history in the sector. The process should be concluded by mid-2013, after a settlement with the bankrupt company's creditors, but D&K has already agreed to take over its management, starting ...
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Tacchini partners with IMG to re-launch the brand
Sergio Tacchini has announced a far-ranging, multi-year global partnership with IMG Worldwide, the international sports, fashion and media company. Under the terms of the agreement, IMG will serve as the licensing agent for the Italian brand of tennis and sportswear clothing, working to re-launch it in major markets through licensing ...
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Heelys may be liquidated, but the brand should survive
The board of directors of Heelys Inc., the marketer of the funwheel brand by the same name, has agreed to enter into a definitive agreement to sell basically all the operating assets and operating liabilities of the group and its subsidiaries for $13.9 million in cash to The Evergreen Group ...
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Sidas buys Therm-ic
Sidas, the French-based supplier of insoles for sports and orthopedic uses, has acquired the assets of Therm-ic, the bankrupt Austrian supplier of foot-warming and drying systems, including its brand name, patents and inventories. It is not taking over the liabilities of its former parent company, Body Systems, or its other ...
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Puma makes cuts after a bad quarter
While reporting disappointing results for the third quarter ended Sept. 30, the management of Puma went into some details last Wednesday about its new “transformation program,” designed to cut costs and optimize the development of new products. It shows that Franz Koch, the young manager appointed chief executive last year, ...
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Some management changes in the Puma Group
Tretorn, the Swedish brand of rubber boots, outerwear, tennis balls and other products that has been a property of Puma since they shared a common Scandinavian investor, has been without a dedicated top manager for quite some time, but this is going to change now. Markus Wonko, 40, has been ...
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Burton revamps to go forward
Burton Snowboards wants to refocus more strongly on its core products, so by the end of 2013 the company will phase out three snowboard brands, stop production of its Analog surf apparel and sell its Gravis brand of casual shoes in Asia only. Jake Burton, the company's chief executive and ...
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Wolverine expands international leadership
As part of its effort to boost its international growth, Wolverine Worldwide has named several new executives to leadership positions. Guillermo Perez, formerly the vice president and general manager for the Cushe brand, takes on the newly created role of vice president for Latin America. Michael Hebreard will step into ...
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Strong growth for Amer’s brands in apparel
The Winter and Outdoor division of Amer Sports, which includes brands such as Arc'teryx, Salomon and Suunto, improved its operating profit by 9 percent to €80.8 million in the third quarter ended Sept. 30, compared with €79.3 million in the same period a year ago, while its net sales increased ...
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Lafuma presents stable revenues
For the financial year ended on Sept. 30, the Lafuma Group reports a slight sales decline of 0.3 percent to €248.7 million. This is partially due to the development in the fourth quarter when turnover dropped by 6.6 percent to €77.6 million compared with the previous year's period. The fourth ...
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Jarden will reshuffle manufacturing
Jarden Corporation is launching a program to foster product innovation and update its manufacturing operations in the winter sports sectors. It wants to improve gross margins and operating efficiencies in the next three years by updating its manufacturing and supply chain apparatus.As part of this process, Jarden will ...
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VF’s sports, outdoor brands weather the storm globally
VF Corporation reported last week that its gross margin reached a record of 46.7 percent of sales in the third quarter, largely as a result of the group's continued shift in the product mix toward higher-margin businesses. Total revenues grew by 14 percent to $3,148 million in the quarter, but ...
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Columbia is not amused about Europe
Columbia Sportswear posted a decrease of 4.0 percent in net sales to $545.0 million for its third quarter ended Sept. 30, compared with the year-ago results. About 2 percentage points of the decrease were said to be due to currency effects. In the same period, operating profit went up by ...
