Latest Headlines – Page 339
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Saucony and other brands lift Collective
Collective Brands' sales decreased by 1.1 percent to $869.0 million in the first quarter ended on April 30. Turnover at U.S. stores of the group's Payless Shoesource chain, which represents more than half of the group's business, was down by 8.8 percent to $498.4 million, due to lower traffic and ...
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Yue Yuen grows by 24.4% in 6 months
Yue Yuen Industrial increased sales by 24.4 percent to $3.302 billion in the first half ending March 31, while net profit increased by 9.2 percent to $230.1 million. Turnover from shoe manufacturing increased by 27.1 percent to $2.340 billion, underpinned by higher manufacturing volumes, up by 19.7 percent to 162.8 ...
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Fila Korea is among Acushnet’s new owners
Fortune Brands has agreed to sell The Acushnet Company, the big golf company that owns the Titleist, FootJoy, Pinnacle and Scotty Cameron brands, to a group of Korean interests for $1.23 billion in cash. That's roughly equivalent to last year's sales of $1.24 billion at Acushnet, which generated operating income ...
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Fila adopts a licensing mode in Europe
Licensing the brand to major retailers in some European countries is one of the strategies that Fila is pursuing to help rebuild the brand after several years of poor performance in the region. Structural changes are going to be made to adapt to the new organization and to support the ...
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Canadian Tire buys Forzani
Canadian Tire Corporation (CTC), a diversified retail group that operates 487 sporting goods stores in Canada, has announced a friendly takeover offer for Forzani Group, the Canadian licensee of Intersport International Corporation (IIC), forming a larger group with more than 1,000 sporting goods stores in the country. The transaction is ...
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World Federation moves to Bern
The World Federation of the Sporting Goods Industry is moving its head office from Lausanne to Ostermundingen, near Bern. WFSGI's general manager, Robbert de Kock, whose home is in the Bern area, says the move will cut rental costs in half and place the organization in direct contact with major ...
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Big jump for Foot Locker, mostly in the U.S.
Foot Locker has reported a 74.1 percent increase in net profit for the first quarter ended April 30 to $94 million, as sales went up by 12.8 percent on a comparable store basis. Total revenues went up 13.3 percent to $1.45 billion, up by 12.0 percent in local currencies.The group's ...
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ActivInstinct opens a French web store
ActivInstinct has been offering to take orders from outside the U.K. for the past 12 months. The demand for its products from French customers has been so high that the fast-growing British online sports retailer has decided to open a dedicated website in French and to hire French-speaking customer service ...
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Big drop in the Swiss market
The Swiss sporting goods market probably fell by 10 percent in the first quarter of this year, according to the national Schweizer Sport + Mode magazine, due to poor snow conditions. Only sports shoes recorded an increase. The magazine's estimate was based on a survey it conducted among Swiss sporting ...
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Ochsner plans new initiatives
Ochsner Sport, the leading sporting goods retailer in Switzerland, plans to open its first women-only store in Zurich next year. It also plans to branch out into e-commerce. Meanwhile, it is developing a special network of Ochsner Sport Clubs organizing several sports events for its members. Membership is free and ...
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Harsh winter helped Sweden’s sports industry
Swedish sports suppliers experienced record growth of 11.3 percent in their own sales in 2010, according to Sportfack, indicating a possible increase in retailers' inventories in the course of the year judging from the reported 6.8 percent growth of the market at the retail level. This clearly demonstrates the importance ...
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New Balance starts new comfort shoe unit
New Balance has announced the creation of an independent company, called DryDock Footwear, to develop the group's presence in the casual-comfort segment of the market. Bob Infantino, a successful American shoe industry veteran who has been working out of Boston as well, most recently for Clarks, will act as president ...
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Asics plans distribution changes in Europe, after big sales gains
Asics, the Japanese brand of running shoes, is holding talks with retail partners to alter its distribution strategy around Europe in the coming months. The company indicated that this would enable it to refine its distribution and improve service levels by putting the right products in the right stores, but ...
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Strong yen boosts Mizuno’s margins
Net income increased by 77.1 percent at Mizuno to ¥2.84 billion (€24.4m-$34.8m) for the financial year ended March 31. Revenues went up by 0.9 percent to ¥150.0 billion (€1,290.1m-$1,836.7m), but operating income jumped by 65.2 percent to ¥4.6 billion (€39.6m-$56.3m). Due in part to the appreciation of the yen, Mizuno's ...
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K-Swiss’ momentum goes on in the U.S.
Continuing the momentum established in the previous quarter, K-Swiss' revenues rose by 10.2 percent to $72.6 million in the first quarter ended March 31, driven by a 31.4 percent increase in domestic revenues to $31.5 million. Judging from a 45 percent improvement in orders, the rally should continue: K-Swiss expects ...
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Head’s results deteriorate
Poor snow conditions, natural disasters and political unrest all combined to depress the revenues of Head, which were down by about 1.9 percent to €59.8 million for the first quarter of this year. The company had warned that this year should be tougher than last year.Head's winter sports division, with ...
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Fischer projects sustained growth
Excluding its sister company for apparel, Löffler, Fischer Sports' consolidated sales jumped by 20.3 percent to €159.3 million in the financial year ended Feb. 28, including some €24 million that were contributed by the domestic Austrian market, and the company's chief executive, Franz Föttinger, is anticipating further increases for the ...
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Deininger becomes Adidas’ marketing czar
At the Adidas Group, Hermann Deininger will see his realm enlarged again from the start of June, as he will become chief marketing officer for all ranges of the Adidas brand. Until now he held the same position for the Adidas Sport Style division, which he built up himself in ...
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Deters quits Kettler as it moves into China
Hans-Hermann Deters is going to leave as chief executive of Kettler at the end of July after doing a pretty good job at the family-owned company, which he has led since the beginning of 2007, running its sports hardware operations as well as its garden furniture and toy divisions. He ...
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New Eurochief and new retail plans for Etnies
Sole Technology is planning to set up a network of partner stores under the name of its star brand, Etnies, all over Europe after the relative success of a test store opened in March at Kingston upon Thames, in the U.K. Several retailers in the Netherlands, Spain and other countries ...
