Latest Headlines – Page 364
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Modest Sales Increase Gives Shimano Huge Rise In Operating Income
Shimano reports a 15.9 percent increase in net sales to ¥104.4 billion (€925.0m-$1,198m) for the first half of 2010, while operating income doubled, rising by 100.6 percent to ¥17.3 billion (€153.3m-$198.5m). The gross margin climbed by an impressive 4.8 percentage points to 37.9 percent. Shimano’s net income saw a more ...
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Rapala Sees Recovery Signs, Too
The Finnish company’s net sales grew by 15 percent to €77.6 million for the second quarter ended June 30, a quarterly record. On a currency-neutral basis, Rapala’s sales were up by 5 percent; favorable currency effects contributed €6.3 million to the top line. The company reported an operating ...
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The North Face And Vans Continue To Shine, Product Costs Decline
The North Face increased its global revenues by 12 percent in dollar terms in the second quarter ended June 30, and its orders were up by about 20 percent overall. The weakend euro affected the score, and in fact, while TNF’s sales were up in single digits outside the U.S. ...
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Columbia Posts Significant Sales Increases, But Faces Shipment Problems
Stronger reorders and robust own retail sales lifted Columbia Sportswear’s revenues by 24 percent to $221.8 million for the second quarter, amounting to a rise of 22 percent in constant currencies. It enjoyed double-digit increases in all product categories, due to more abundant demand as well as a shift in ...
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Good Growth And Strong Orders At Wolverine
Wolverine World Wide has reported a 4.8 percent increase in revenues to $258.2 million for the second quarter ended June 19. The growth would have been even higher if a big shipment to an unnamed distributor had not been delayed until the third quarter. The group also had lower close-out ...
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Lafuma Continues To Face Declines
In the first nine months of its fiscal year 2009-10, Lafuma Group faced another decline in sales by 6.1 percent to €163.8 million. In constant currencies, the French company’s ongoing operations saw their sales decline by 5.9 percent, but the management is expecting a gradual return to growth, especially in ...
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Apparel And Direct-to-consumer Boost Under Armour
For the second quarter ended June 30, Under Armour has reported a 24 percent increase in turnover to $204.8 million, coming from very strong growth in apparel and direct-to-consumer sales. Operating income jumped by 104 percent to $6.9 million, and the gross margin rose by 4.0 percentage points to 48.8 ...
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An Inner Glimpse Of Nike’S Annual Report
Nike’s recently released annual report for the fiscal year ended May 30 details its production presence overseas, as well as imports and trade relations with China. It says that the company sourced 37 percent of its footwear from factories in Vietnam and only 34 percent from facilities in China. Indonesia ...
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Spanish Brands Are Benefiting From Puma’S Troubles
Puma’s painful transition to a subsidiary on the Spanish market has apparently favored the development of two Spanish brands of sports shoes and clothing, Kelme and Joma. While the latter is targeting a 20 percent increase in its own sales for this year, Kelme is looking at growth of nearly ...
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Investors Look At Body Glove After Licensee’S Insolvency
Pro Clubs Sports (PCS), a Dutch sports retailer, wholesaler and licensee, went into insolvency at the end of last month after the collapse of its wholesale business. However, the company’s prominent electronic store, Plutosport, will be continued under another entity, Plutosport Europe. Regarding the European license held by PCS for ...
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Olympikus Makes Big Strides In Brazil
Vulcabras, owner of the 35-year-old Brazilian Olympikus brand and joint venture partner of Adidas Group for Reebok in Brazil, Argentina and Paraguay, should have been featured among the major players in the global athletic footwear market, although its business is confined for the moment to the Latin American market. ...
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Golfsmith Europe Distributes More Brands
Golfsmith Europe continues to round up its offer of golf grips and shafts with other branded products for golf shops. Using its own network of 18 agents and distributors throughout Europe, it has agreed to distribute Ogio golf bags and Nike golf eyewear, developed by Marchon, in the U.K. and ...
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The Outdoor Show Was Big – And Hot
The heat was on at the OutDoor show in Friedrichshafen that ended on July 18. The number of trade visitors increased by 6 percent to 20,460. Like for the Ispo show in Munich, these figures mean entries per day rather than visitors, but the organizers of the show said the ...
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Munich’S Bike Show Posts Double-digit Growth
The Bike Expo show, which ended on Sunday after four days, recorded 14 prcent growth in trade visitors to 5,700 entries (daily visits) compared with the first edition one year ago. More than 20,000 end consumers had access to Bike Expo on the last day. Even though the show ...
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Asics Takes Over Haglöfs At A Premium To Hike Into The Outdoor Sector
In a major diversification move that surprised several observers, Asics Corporation announced that it has reached an agreement to buy 100 percent of the shares of Haglöfs Holding, the leading Swedish brand of outdoor products. After multiple discussions with Ratos AB, which has owned Haglöfs since 2001, Asics’ board of ...
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Adidas, Nike And Spain Reap Rewards From The World Cup
As the official supplier of the Fifa World Cup and the Spanish football team, which beat the Nike-clad Dutch team in the final on Sunday, Adidas was probably the overall winner among the sports brands competing for leadership in the football market, although Andrés Iniesta scored the winning goal for ...
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Intersport Claims Victory In World Cup
Intersport, which claims a share of 25 percent of the European football market through its affiliated stores, has decided to revise upward this year’s budget for their total group retail sales of football products. They should reach a level of between €860 million and €870 million (after VAT) in 2010, ...
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Sport Apparel Suffered More Than Footwear Last Year, Italy Is A Mystery
In terms of volume, the consumption of sports shoes in the five major European countries remained basically flat in 2009, rising by a mere 0.8 percent to an estimated 193.7 million pairs, according to NPD Group. Instead, sales of sports and leisure apparel fell by 3.7 percent to 13.1 million ...
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Eu Imports Go Down But Average Prices Increase
For the first time in 10 years, imports of all kinds of clothing into the European Union dropped in 2009. They fell by 3.8 percent to €57.28 billion. As noted in a Textiles Intelligence report, the drop follows a big decline in growth rates, which went down from 12.8 percent ...
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Puma Regains Rights In Spain – At A Price
Puma is preparing to challenge a ruling by a Spanish arbitration tribunal that has granted the German brand full rights to its trademark in Spain, but only if Puma agreed to pay up to €98 million to its former Spanish licensee, Estudio 2000. Puma hoped it had settled a ...
