Latest Headlines – Page 333
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Airesis books lower revenues and profits, due to the Swiss franc
The parent company of Le Coq Sportif and Boards & More has reported a net consolidated profit of only 3,372,000 Swiss francs (€2.8m-$3.9m) for the first six months of this year, down from CHF 7,200,000 in the same period a year ago, as its revenues decreased by 5 percent to ...
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Li-Ning’s order backlog grows again
The Li-Ning brand enjoyed a mid-single-digit rate increase in the value of orders registered during its trade fair for the first quarter of the 2012 financial year. The average retail price of new products and the order volume both recorded low-single-digit increases. The Li Ning Company said that the results ...
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Ispo expands matchmaking
The Munich fair has been offering and fine-tuning its matchmaking services on the promising Chinese market in connection with its successful Ispo China show, which has been renamed Ispo Beijing. Brands such as Haglöfs, Hilleberg and Salewa have already taken advantage of this opportunity and found distribution partners in Asia. ...
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Puma, Nike and Adidas to tackle Greenpeace challenge
The big three international sporting goods companies have gotten on board with a call by Greenpeace in July to eliminate hazardous chemicals from the supply chain. The nongovernmental organization cited Nike, Adidas and Puma among the sporting goods companies using subcontractors in China that were releasing toxic, hormone-disrupting chemicals into ...
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The European market grew by 4.3% in 2010
European sporting goods retailers recovered by and large from the economic recession in 2010, partly aided by very favorable weather conditions and by the World Cup of football. Offsetting the 2.9 percent decline that we had calculated for 2009, consumer spending on sporting goods rose last year by 4.3 percent ...
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British sports retailers have been damaged from the riots
Two or three major sporting goods retail chains have been damaged or looted in the course of the severe riots which have been going on in London and other U.K. cities earlier this month, leading some officials to suspect that they were it on purpose, independently of the social causes ...
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Deichmann works with Snipes in Switzerland
There is an unconfirmed report in the German press that Deichmann is acquiring a stake in Snipes, the leading German retailer of sneakers and other sports-fashion-oriented shoe styles. For some reasons, however, executives of both companies declined to make any comments on this or on anything else beyond a concise ...
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Big jump in sales and profits for Foot Locker
Foot Locker's net income jumped more than sixfold to $37 million in the second quarter ended July 30 as its global sales increased by 16 percent to $1,275 million, with a hefty 11.7 percent increase on a same-store basis and a boost of 4.6 percentage points from a positive foreign ...
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Blacks has new investors, new chief
Henderson Global Investors, a London-based equity firm which went public in 2003, hs acquired a major stake in Blacks Leisure, the big British outdoor and sports retailer. It now has 17.12 percent of the voting rights, which makes it the second largest shareholder of the chain behind Sportsdirect.com Retail (21.3 ...
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New bosses for K2 and Coleman
Jarden Corp. has promoted Anthony De Rocco to president and chief executive of K2 Sports, effective Sept. 1. At the same time the current president and CEO of K2, Robert Marcovitch, has been appointed to the same position at The Coleman Company, another subsidiary of Jarden.Marcovitch began his outdoor career ...
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Danish distributor acquires SOS
Ole Damm, who has been the successful distributor of SOS in Denmark, signed a deal for the takeover of the global rights to this Swedish skiwear brand earlier this month. Based on his experience in Denmark, which he built into the second-largest market for the brand, Damm intends to relaunch ...
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Prince takes over in Benelux
Van Megen Sports Group, a Dutch distribution company that once dealt with a flurry of tennis and action sports brands in the Benelux and German-speaking countries, will cease to exist at the end of this year when the distribution rights for Prince and Tretorn in the Benelux countries will be ...
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Head claims higher market share in tennis
According to Head, the global tennis market declined in the first half of 2011, but remained fairly stable in Europe.Quoting market data, Head noted that in the U.S., sales of racquets and balls fell by around 5 and 2 percent, respectively. In Japan, the natural disasters in March drove the ...
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The diving business balances Johnson’s outdoor slump
The third quarter that ended July 1 was flat for Johnson Outdoors, the U.S. company that is strong in the marine and diving business, marketer of the Eureka! brand of tents and former owner of Jack Wolfskin for quite a while. Sales were down by 1 percent and reached $122.5 ...
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Foreign exchange rates depress Billabong
Billabong International saw its total revenues from continuing operations rise by 13.5 percent to $1.69 billion Australian dollars (€1.22bn-$1.76bn) in the financial year ended June 30, but its net profit on ordinary activities fell by 18.4 percent to A$119 million (€85.9m-$123.7m). On a currency-neutral basis, sales would have risen by 23.8 ...
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Globe fares better in Europe
The Australian action sports company booked a 12 percent sales increase in Europe for the financial year ended last June 30, recovering from a 32 percent decrease suffered the year before. However, in terms of Australian dollars, European sales declined by 8.9 percent to 15.0 million Australian dollars (€10.9m-$15.7m), while ...
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Mizuno is driven by footwear
Pushed down by the appreciation of the yen, total sales grew by 0.5 percent to 41.5 billion yen (€376.4m-$541.7m) for Mizuno Corporation in the first quarter ended June 30. Sales of shoes rose by 5.5 percent to ¥8.5 billion (€77.1m-$110.9m), representing 20.5 percent of the total quarterly turnover, with growth ...
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Deckers posts a temporary loss
Deckers Outdoor Corporation, parent company of Ugg, Teva, Tsubu and Ahnu completed on July 5 the acquisition of Sanuk, a surf-inspired brand of sandals and other types of shoes, whose sales jumped by 57 percent in the first half of this year to about $43 million. The brand is sold ...
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Heelys loses ground in foreign markets
Heelys' revenues fell by 5.7 percent to $8.3 million in the second quarter. They grew by 22.7 percent to $2.7 million in the U.S., but they were off by 15 percent in the rest of the world in spite of significantly higher sales in Italy and higher shipments to the ...
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Dorel’s higher-end bikes sell well
Strong demand for the group's premium models of bicycles by independent bike dealers all over the world boosted the turnover of Dorel Industries' Cycling Sports Group (CSG) in the second quarter. The strongest growth was recorded in Europe, where sales of road and mountain bikes to independent bike dealers jumped ...
