Latest Headlines – Page 344
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Belle boosts sales thanks to Nike, Adidas
The Chinese group Belle International raised 2010 full-year sportswear sales by 12.8 percent to RMB 9.06 billion (€978.5m-$1,381.1m) in a difficult business environment that favored premium brands. Revenues generated by the sale of Nike and Adidas products rose by 16.5 percent to RMB 7.80 billion (€842.4m-$1,189.0m), while sales of second-tier ...
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Xtep eyes new stores outside China
Xtep International reports a 25.7 percent increase in revenues to 4,457.2 million renmimbi (€481.4m-$679.5m) in 2010. The gross margin rose to 40.6 percent from 39.1 percent in the previous year, while the net profit margin remained at 18.3 percent, despite an increase of 39.4 percent in operating profit to 978.0 ...
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Yue Yuen’s sales rise sharply
Yue Yuen Industrial increased sales in the first quarter ended last Dec. 31 by 28.9 percent to $1.696 billion, and the rally continued in the sebsequent two months, with a cumulated increase of 18.8 percent.Net profit rose by 17.8 percent in the quarter to $141.7 million. Turnover from shoe manufacturing ...
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Nautilus’ quarterly sales are flat
Nautilus reported sales of $53.7 million in the fourth quarter, unchanged from a year earlier, while gross profits were hit by discounting on home gyms. Revenues were supported by a 104.3 percent increase in royalty income to $1.6 million, while sales through the direct channel dropped by 2.3 percent to ...
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Dorel’s bicycle sales grow strongly
Revenues at Dorel Industries' Recreational/Leisure division, which includes the Cannondale, Sugoi, Schwinn, GT, Mongoose, IronHorse and Instep brands, rose by 17.2 percent in the fourth quarter ended Dec. 30 to $205.9 million. At constant currency rates, organic sales rose by nearly 19 percent.Turnover was driven by mass market products, whose ...
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More aid flows to Japan
We already reported in the last issue on the statements made by Asics, Adidas, Nike, Shimano, Billabong and Icebreaker following the natural disasters that hit New Zealand on March 3 and the northern cost of Japan on March 11, triggering nuclear fall-out. Many other big players in the sporting goods ...
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Adidas looks ahead for environment improvement
Adidas has presented a new five-year environmental strategy, designed to change the company's approach to environmental management by working on improving all the points of the entire value chain. The new plan was published along with the company's 2010 Sustainability Report. One aspect of the plan is a commitment to ...
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PPR launches a group-wide green initiative
Moving beyond the initiatives taken by Puma in this domain and the traditional corporate responsibility model, PPR Group has launched PPR Home as an integrated sustainability platform for its luxury, sport & lifestyle and retail divisions. It has budgeted investments of €10 million, indexed on the group's dividends to implement ...
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Aid flows to distressed Japan
Last week's devastating earthquake in northern Japan, with the resulting tsunami and the accompanying nuclear power failure, have prompted industry executives in Japan and the rest of the world to pledge their support to the victims of the disaster, and to comment on the impact on their own operations.Asics said ...
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Nike will post price increases to keep margins
Nike's third-quarter gross margin fell by 1.1 percentage points to 45.8 percent largely due to higher product and airfreight costs. The trend will accelerate in the fourth quarter and persist throughout the next fiscal year ending in May 2012. The company expects a drop of at least 3.0 percentage points ...
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Adidas reinvests in marketing and bonuses
Adidas launched a global brand campaign last Wednesday under the “Adidas is Aal in” tagline. For the first time, it promotes its Sport Performance, Originals and Sport Style sub-brands in one go, showing the fusion of sport, music and fashion and the brand's distinctive presence in different sports, cultures and ...
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JD gives up on JJB Sports
JD Sports Fashion announced last week that it was no longer a candidate to the acquisition of JJB Sport. JD announced last Feb. 2 that it was in an early stage of discussions with JJB's board of directors in relation to a possible takeover offer. It subsequently asked for information ...
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Young strategist becomes Puma’s CEO
Puma has opted for both continuity and rejuvenation in picking Franz Koch, the company's young head of global strategy, to become its chief executive in a few weeks' time. He has become a member of Puma's management board since the start of this week. Koch has been helping to set ...
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Quiksilver’s quarterly sales are lifted by DC
Quiksilver posted higher-than-expected first-quarter results thanks to a strong performance of its DC brand and strong demand for winter sports and technical snowboard apparel. Group revenues fell to $426.5 million in the three months to Jan. 31 from $432.7 million a year earlier but were up in constant currency rates. ...
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French sports market up by 1-2%
The French market for sports shoes and apparel rose by 2 percent to €5.8 billion in 2010 after declining in 2008 and 2009. Sales, at retail price, totaled €3.8 billion for apparel and €2.0 billion for shoes. These partial figures were released by NPD Group, whose retail and consumer surveys ...
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Tecnica performed well in 2010
After going through a couple of rough years due to the international financial crisis, Tecnica Group made a strong rebound in 2010, with sales increases for most of the brands in its large portfolio. According to preliminary figures, the group's total revenues rose to about €378 million in 2010 from ...
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Rossignol hires more seasonal workers
After laying off 131 employees in France in order to return to profitability, the Rossignol Group has decided to double to 40 the number of additional employees being recruited at its ski factory in Sallanches for the production of junior skis. The French group had originally indicated that it wanted ...
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VF wants $5 billion more annually by 2015
Expanding on the objectives already laid out for The North Face last December (see vol. 3-27+28 of The Outdoor Industry Compass dated last Dec. 20), managers of the global apparel giant have laid out a more comprehensive strategic growth plan for the whole group that would take its overall annual ...
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Briko should grow by 35% this year
For this Italian brand of cycling and ski eyewear, helmets and clothing, which recently went under new ownership, this big anticipated growth of 35 percent will be fueled by significant technical innovations and an expansion of its international sales network. The technical novelties at Briko concern the product line as ...
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Adidas Group strides forward
Unwavering investments by the Adidas Group paid off with a vigorous pick-up in sales last year. The company's managers said that it had outgrown its rivals with broad increases in turnover and margins, and brushing uncertainties aside, they upgraded their forecasts for this year.The group boasted a sales jump of ...
