Latest Headlines – Page 329
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Skiset strikes a partnership in North America
Skiset, the French company that has already created the largest network of rental stations for ski and snowboard products in Europe, has signed a partnership with Christy Sports, an American chain of ski shops that has a similar network in North America. Together, they are setting up a centralized online ...
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Head sells fewer skis but more racquets
With slight improvements in both its winter sports and racquet sports units, Head lifted its sales by 1.4 percent to €99.7 million for the quarter until the end of September, but its profit was battered by a lower margin. ...
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New chiefs for Peak Performance
IC Companys, the Danish owner of Peak Performance and 10 fashion labels, reported that the turnover of the Swedish winter sports, outdoor and golf apparel company increased by nearly 6 percent to the equivalent of 975 million Danish kroner (€131.0m-$176.7m) for the first quarter of its fiscal year, until the ...
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New generation takes over at Röhnisch
Röhnisch Sportswear, the Swedish brand of fitness and golf apparel, will be led from the start of next year by Fredrik Röhnisch, the son of the company's current chief executive and full owner, Claes Röhnisch, and the grandson of its founder.The 35-year-old Fredrik Röhnisch grew up with the company, starting ...
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New Wave sales inflated by Ahead buy
The sports and leisure unit of Sweden's New Wave Group, which owns Craft, Cutter & Buck and several other brands, lifted its sales by 7 percent to 538 million Swedish kronor (€58.9m-$79.4m) for the quarter ended in September. However, this was almost entirely due to the acquisition of Ahead, the ...
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Heelys scouts for acquisitions
The American brand of wheeled shoes wants to use its remaining cash pile of $23.1 million to diversify by taking over another sporting goods firm that makes some other type of wheeled or leisure products, or protective gear, or performance apparel. It is prepared to spend up to $30 million ...
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Eschler pulls production out of Switzerland
The Swiss industry, already hard hit by the larger-than-life Swiss franc compared with the euro on the wholesale and retail levels, begins to count casualties in domestic production. Christian Eschler AG, the Swiss manufacturer of high-performance fibers and fabrics, has decided to shut down its own plant in Bühler in ...
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Adidas defies economic pressures
The Adidas Group continues to defy pressures on the European market, with significant sales increases in all parts of Europe in the third quarter. They contributed to a sales rise of 8.0 percent to €3,744 million for the group in the three months, equivalent to an increase of 13 percent ...
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Adidas acquires Five Ten footwear
Separately, the Adidas Group has agreed to take over Five Ten, the family-owned Californian brand, to complement its own offering of outdoor footwear with more specialized climbing and mountain biking products. The two parties have agreed on a price of $25 million in cash, and contingent payments depending on the ...
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Asics’ profits take a hit
Unwavering demand for running products enabled Asics to lift its sales by 6.5 percent to ¥123,935 million yen (€1,149m-$1,583m) for the first half of its fiscal year, until the end of September, but the expansion slowed down in the second quarter and the group's profits were on the slide.The Japanese ...
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Sharp cost-cutting at K-Swiss
Hit by a sharp decline in American orders, K-Swiss managers said the company's costs would be “viciously attacked” to redress its sagging profit margin and to align the group's structure with the current situation. Costs could be reduced by about 20 to 25 percent next year.The drastic move comes as ...
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Asian sales push Basicnet
Basicnet reported a 14.6 percent increase in its direct sales and those of its licenses in the first nine months of the year to €315.7 million, driven by strong growth in the Asia-Pacific region. On a currency-neutral basis, sales were up by 15.6 percent.Turnover was up in all regions, with ...
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Winter, outdoor sales underpin Amer’s growth
Amer Sports increased its sales by 20 percent in the third quarter to €559.2 million, owing to another strong performance by its winter and outdoor division, which benefited from earlier deliveries and higher pre-orders than the previous year for winter sports equipment. The turnover of the Finnish group rose by ...
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More losses for Callaway
Appointed as Callaway Golf's new chief executive four months ago, Tony Thornley is attributing the latest losses to a challenging golf market as well as the lack of a coordinated product and marketing plan that would respond to consumers' preferences. Noting that Callaway is on track to save $50 million ...
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Losses mount at JJB Sports
In reporting higher losses for the first half ended July 31, the management of the recently refinanced sporting goods retailer said its results for the current financial year will be worse than expected in the absence of a turnaround during the critical Christmas selling period. However, it declared itself confident ...
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Skechers’ domestic sales collapse, but there is hope in fitness
Skechers booked a 48 percent decline in wholesale sales in the U.S. in the third quarter ended on Sept. 30, pushing its global turnover down to $412.2 million from $554.6 million a year earlier. The company, which is overhauling its product range, expects to continue facing challenges in the fourth ...
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Skechers takes over Japanese distribution
Separately, Skechers has set up a subsidiary in Japan to have a direct presence in the country with the aim of more than doubling its business over the next three to five years and turning Japan into one of its largest foreign markets. Until now, Skechers was distributed by Achilles ...
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PPR’s sport and lifestyle sales up by 17.8%
Sales of sport and lifestyle products at the French conglomerate PPR rose by 17.8 percent to €923.7 million in the third quarter. Comparable sales were up by 9.9 percent. Since July 1, the division consolidates Volcom. The American brand of surf, skate and snowboard clothing and accessories was bought by ...
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Puma takes over in Israel
Puma is establishing a sales subsidiary in Israel, but Grundman & Company, which has represented the brand in the market for 20 years, is going to remain involved as a retail franchisee and as a non-exclusive wholesaler, using its own warehouse to service smaller retailers in the country. Nike operates ...
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Marker Völkl goes direct in France
As it has already done in other countries, Marker Völkl is distancing itself from its longtime Italian partner in France. As of Nov. 1, sales and marketing of Marker and Völkl in the country shifted from the French subsidiary of Tecnica Group to a newly created French subsidiary of Marker ...
