Latest Headlines – Page 368
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Easton-bell Manages A 5% Sales Gain
Bolstered by strength in its Team Sports segment, Easton-Bell Sports reported a 5 percent gain in first-quarter sales to $194.1 million for the period ended April 3. It marked the company’s first quarterly sales growth in three periods. Net income was $122,000 compared with $975,000, but was hit by an ...
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Currency Effects Hurt Asics’ Bottom Line
Asics Corporation’s sales in Europe increased by 1.9 percent in local currencies during the financial year ended last March 31, with significant double-digit growth in running and indoor shoes partly offset by weaker sales of lifestyle products. Spain saw an increase, and the U.K. saw a double-digit rise. The business ...
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Mizuno Manages A Big Profit Turnaround Despite A Sales Drop
Annual sales at Mizuno declined by 8 percent to ¥148.7 billion (€1,357.6m-$1,659.4m) for the fiscal year ended March 31, with nearly 3 percent of the drop related to exchange rate fluctuations. Net income was ¥1.6 billion (€14.6m-$17.9m), compared with a loss of ¥2.4 billion due to non-operating factors, write-downs of ...
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Puma Insists On Sustainablity
Puma is stepping up its efforts to make its business more sustainable. Among its latest moves is an agreement with 20 of its strategic suppliers in South East Asia that they will produce their own sustainability reports from next year on. The project is set up in partnership with The ...
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Anwr Buys Garant With Europe In Mind
Ariston-Nord-West-Ring (ANWR) is the parent company of Sport 2000 Deutschland, which operates also in Switzerland, and a minority shareholder in Bico, the German cooperative of bike retailers. Like ANWR, Garant operates mainly in the shoe retail segment, but it also runs national cooperatives of sporting goods retailers, called Fair Play ...
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Tnf’S Parent Puts Its Hands On Blacks
VF Corporation, the owner of The North Face, Eagle Creek, Jansport, Napapijri and several fashion apparel brands, has acquired a stake of 4.9 percent in Blacks Leisure Group, stating that it wishes to support the turnaround plan launched by the management of the embattled British outdoor retailer. This plan is ...
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Adidas Does Well, Especially At Retail
A significant recovery materialized for the Adidas Group in the last months, generating record quarterly sales as well as soaring profits – although this compares with a depressed quarter affected by restructuring costs last year. The group ended the quarter with sales of €2,674 million, up by 3.7 percent ...
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Puma Is Becoming More Optimistic
Puma’s sales continued to slide in the opening quarter of this year, but the hit was far less painful than in the previous quarter and the company’s cost reductions have had a significant impact on its operating performance, encouraging the company to upgrade its forecast for the full year. ...
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Fortune Brands' Golf Division Ticks Slightly Upward
Bob Philion, who launched Puma Golf in 2006, will act as president of Cobra Golf, overseeing and managing all aspects of the company’s global presence, including expansion. The former general manager of Cobra, Brian Zender, will be heavily involved in the sales efforts of both brands as senior vice president ...
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Callaway Sees A Promising Season Ahead
With an 11 percent increase in sales to $302.9 million for the first quarter, Callaway Golf says the indicators for a recovery in the golf market remain positive even though cold weather in Europe and the U.S. meant that the season got a late start. The gross margin rose by ...
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Nike Plots Out The Next Five Years
At an investors meeting in New York, Nike laid out new plans for growth through 2015. It is aiming to achieve $27 billion in revenues and $12 billion in cumulative free cash flow from operations by that fiscal year. Confirming previous growth targets, this is an extension of the behemoth’s ...
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Brooks Sports Is Ready To Tackle The Big Running Market
Nike isn’t the only brand with a plan. Brooks Sports is looking to quintuple its $200 million in sales recorded last year to hit $1 billion by 2020. As the market for running shoes used for running continues to expand, it sees itself becoming a leader in the category. ...
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The Lifestyle Segment Of The Running Market Lost Steam In 2009
Global sales of running are weakening overall, but the figures are growing among actual runners, according to a new study by NPD Group. It found that overall sales of running shoes fell slightly in 2009: by 0.1 percent in Europe’s “Big 5” countries (France, Germany, Italy, Spain and the U.K.), ...
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Amer Manages To Turn Around
Amer Sports’ focus on profitability has apparently begun to pay off, starting with an improvement of 2.2 percentage points in its gross margin to 42.7 percent for the first quarter of this year. Among other factors, it benefited from an enhanced product mix and more judicious supply prices for Wilson, ...
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Head Estimates Ski And Tennis Markets
Head has quit informing analysts about the winter and racquet sports markets in regular conference calls, but its annual report, released a few days ago, provides some insights into the categories covered by the company. Head estimated that the alpine ski market shrank to about 3.1 million pairs of ...
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Basicnet’S First-quarter Sales Are Boosted By Asia
BasicNet booked an 11.8 percent increase in its aggregate sales (direct and through its licensees) in the first three months of the year to €90.7 million, thanks especially to a 169.4 percent rise in its Asian and Australasian revenues to €8.6 million. European sales rose by 9.1 percent to ...
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K-swiss Loss Increases, Concerns About Factory Closure
Revenues fell by 11 percent in the first quarter ended March 31 to $65.9 million, mostly on a 21 percent drop in the U.S. to $23.9 million. Sales abroad decreased by just 4 percent to $41.9 million. U.S. orders were up by 2.7 percent, but international orders fell by 4.3 ...
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Crocs Continues Its Turnaround
The plastic shoe maker reported turnover 23.7 percent higher to $166.9 million for the first quarter ended March 31. This comprised a 23.3 percent increase in retail sales to $34.4 million and a 26.1 percent rise in wholesale to $120.2 million. The net income was $5.7 million, compared with a ...
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Big Increases Seen At Skechers
Skechers’ sales grew by 44 percent to $492.8 million for the first quarter ended March 31. Net income jumped to $56.1 million, compared with $7.4 million in 2009. The gross margin leapt by 11.0 percentage points to 48.2 percent. Average selling prices went up by 38 percent, or $6.53, ...
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Columbia Shows Recovery In Europe And Beyond
As part of a robust quarterly performance that triggered an upgraded forecast for the full year, Columbia Sportswear hailed its return to growth in Europe, the Middle East and Africa (EMEA) during the first quarter ended March 31. Although its European sales continued to fall in the ...
