Latest Headlines – Page 363
-
Article
Titleist And Footjoy Help Lead Acushnet To Increase
Acushnet Company, the golf unit of Fortune Brands, had a 6.4 percent increase in sales to $389.3 million for the second quarter ended June 30. In organic terms, this was an increase of 8 percent. The company attributed the gain to good sales outside the domestic U.S. market, as well ...
-
Article
Sales Increase Can’T Keep Timberland From Posting Another Loss
Timberland has reported a second-quarter sales increase of 5.1 percent to $189.0 million. However, it had a net loss of $23.5 million, worse than its loss of $19.2 million last year. This year’s figure includes a $13.2 million non-cash, pre-tax charge for the impairment of certain goodwill and intangible assets. ...
-
Article
The New Diadora Was Profitable In 2009
Diadora Sport, the new company created to take over the industrial activities of the bankrupt Italian sports group Diadora, posted a net profit of €34,000 in 2009. The business generated operating earnings before amortization (Ebitda) of €1.1 million. The relatively good results were probably achieved because of a major pruning ...
-
Article
Lotto Breaks Even On Mixed Sales Results
The final results for 2009 were better than the management had expected when it decided to cut down its personnel costs drastically in January of this year. Lotto Sport Italia’s gross margin fell to 39.1 percent from 43.5 percent in 2008, and the operating margin before amortization (Ebitda) dropped to ...
-
Article
Lotto Starts A New Stage Of Its Indian Expansion
Lotto Sport Italia has signed a new 15-year extension of its licensing agreement with anIndian company, Sports Lifestyle Private, set up in July 2007. The agreement has new clauses for the production and distribution of Lotto branded products in India from January 2011. Sports Lifestyle has agreed to ...
-
Article
Basicnet Raises First-half Sales By 15%
BasicNet booked a 15.0 percent increase in aggregate sales (direct and under license) in the first half of the year to €175.4 million thanks to a 188.5 percent rise in its Asian and Australasian revenues to €20.6 million. Nevertheless, the group’s operating profit margins narrowed and the bottom line was ...
-
Article
Suffering K-swiss Buys Another Brand
K-Swiss has bought Form Athletics, a California-based company that specializes in lifestyle wear and gear for mixed martial arts, with a surf-and-skate flavor. It will be a division of K-Swiss, and will continue to be led by Mark Miller, the chief executive of the company who started it early this ...
-
Article
Crocs Turns Around In The Quarter
In the second quarter ended June 30, Crocs recorded a 15 percent increase in turnover to $228.0 million, with increases in sales from all channels. Wholesale revenues were up by 12 percent to $140.0 million, retail grew by 20 percent to $66.4 million, and e-commerce did very well, up by ...
-
Article
Yue Yuen Sees Stronger Momentum
Preliminary figures show a strengthening momentum for Yue Yuen Industrial Holdings as the giant Chinese shoe company’s sales grew by 17.6 percent in April and May and by 32 percent in June. For the second quarter alone, total sales grew by 12.8 percent to $1.34 billion. Footwear manufacturing made up ...
-
Article
Gaastra Wants To Expand Abroad Under New General Manager
Erik van Bilsen has been appointed general manager of Gaastra International Sportswear to further the international growth of the Dutch nautical brand, owned by the McGregor Fashion Group. He was previously in charge of this group’s Dutch retail activities, focusing on the McGregor fashion brand. Gaatstra is set to ...
-
Article
Sri Lanka Loses Duty-free Status
After months of investigation and consideration, the European Union has decided to yank Sri Lanka’s duty-free status for bike imports into the region after the country was not forthcoming about efforts to address alleged human right violations. As of Aug. 15, bicycles from the country will incur a 10.5 percent ...
-
Article
No Big Benefits To Adidas From World Cup Sponsorship?
In a study by Survey Sampling International (SSI), more than 5,000 adults in 10 countries answered questions both before and after the World Cup about their awareness of brands that sponsored the event. Adidas was the second-most-mentioned brand that was a sponsor, after Coca-Cola. However, both of those companies were ...
-
Article
Big Makers Of Toning Shoes Say An American Fitness Study Is Bogus
Makers of the increasingly popular physiological footwear dispute the findings of a U.S. study that determined that the shoes, with their unstable soles, don’t provide any special additional benefits in terms of exercise response, muscle building or calorie burning as compared to regular athletic shoes. The study was ...
-
Article
Sporting Goods Retail Sales Fell By 1.0% In Europe In 2009
In terms of local currencies, the consumption of sporting goods declined for the first time in more than 20 years in Western Europe last year. It fell by 1.0 percent, according to our annual study of the European retail market for these products. In euros, the market went down by ...
-
Article
Lower Sales, Higher Margins At Go Sport
A combination of factors, including an estimated 4 percent drop in the French sporting goods market for the first four months of this year, is cited by management for the 8.2 percent drop in the Go Sport Group’s sales to €310.7 million during the first half of 2010, ended on ...
-
Article
Sports Direct Sees 3.4% Increase In Comps
Sports Direct International (SDI) strengthened its leadership of the British sports retail market, with an increase in its U.K. retail sales of 11 percent to £1,118 million (€1,337m-$1,731m) for the year ended April 25. In spite of the U.K.’s economic slump, SDI saw its comparable retail sales grow by ...
-
Article
Blacks Improves Margins, Sales Decline
Comparable store sales tumbled by 7.5 percent at Blacks Leisure Group, the leading British outdoor retailer, for the 17 weeks to the end of June. The company pointed to disappointing sales in May, though it performed in line with expectations during other weeks of this period.. The drop was ...
-
Article
Sportzone Expands Strongly In Spain
As part of its internationalization program, Sonae Group of Portugal has signed a deal with Grupo Numero 1 of Spain to set up two joint ventures for the development of its own SportZone and Worten retail chains in the Canary Islands. Sonae will have a 51 percent controlling ...
-
Article
Golf House Finally Has A New Owner
Arques Industries, the private equity company that controlled Golf House, and a partner, Manfred Baumann, have finally found a buyer for the leading German golf specialty chain. Golf House has been acquired by a joint venture of JAB Anstoetz and Peter Wolf. The former is a leading global retailer of ...
-
Article
Bike Parts And Fitness Drive Accell Now
For the first half of 2010, Accell Group has reported a 3 percent increase in sales to €342 million, with a boost from minor acquisitions. The Dutch company’s operating profit rose by 3 percent to €35.4 million. The net profit was up by 9 percent to €24.1 million. ...
