Latest Headlines – Page 369
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Spain, Italy And The U.K. Push Timberland’S Growth In Europe
In the first quarter ended April 2, sales at Timberland went up by 7 percent to $317.0 million, a 3 percent increase in constant currencies from the same period a year ago, with growth in Europe, Asia and North America. Operating income more than doubled to $39.4 million from $18.2 ...
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Outdoor And Action Sports Help Vf To Increased Sales And Margins
VF Corporation has reported that in the first quarter, group revenues rose by 1.4 percent to $1,749.9 million. Net income increased by 62 percent to a record $163.5 million for the quarter, thanks in part to foreign currency translations and lower pension expenses. Gross margins outperformed expectations. The Outdoor ...
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Outdoor Gear Leads Growth At Johnson Outdoors
Johnson Outdoors, citing improving economic conditions and a more stable outdoor recreational sector, reports a 6 percent sales increase to $112.9 million for the second quarter ended April 2. Currency effect contributed 2.1 percent to the growth. Operating profit was $8.1 million, up from $5.8 million in last year. ...
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Under Armour Plans To Make A Play For Basketball Market
First-quarter sales at Under Armour grew by 15 percent to $229.4 million, comprising a 13 percent increase in apparel sales to $172.6 million and 30 percent in accessories to $7.5 million. Footwear sales, however, dropped by 25 percent to $43.0 million. Net income rose by 81 percent to ...
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All Regions Show Growth For Shimano
Shimano’s net sales rose by 11 percent to ¥50.23 billion (€420.9m-$535.7m)for the first quarter ended March 31, with all geographic regions reporting increases. The gross profit margin rose by 1.5 percentage points to 36.0 percent, but net income fell by 8 percent to ¥5.07 billion (€42.5-$54.1m) Asia led the ...
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Rapala’S Sales Reach Record Levels
With an increase of 9 percent, sales at Rapala hit a record of €70.8 million in the first quarter ended March 31. On a currency-neutral basis, it was an increase of 6 percent. The operating margin went up by 1.1 percentage points to 16.5 percent. Profit before taxes jumped by ...
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The German Intersport Sues A Former President Who Was Nice To Its Members
Intersport Deutschland has taken its former president, Hartmut Fröhlich, to court for alleged improper use of the group’s assets and for actions that were not in accordance with the buying group’s own statutes and code of conduct. Kim Roether, who succeeded Föhlich two years ago as Intersport Deutschland’s president in ...
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Decathlon Grows By 4% On A Comparable Basis, Mostly Outside France
Oxylane, the parent company of Décathlon, has reported a 9.5 percent increase in its total sales to €5,440 million before VAT in 2009, reinforcing its position as the world’s largest integrated sporting goods retailer. The vast majority of the turnover was represented by the Décathlon retail stores as the other ...
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Strong Declines For Go Sport In France
Groupe Go Sport, the French sporting goods retailer whose sales declined last year by 3.7 percent to €694 million in absolute terms and by 2.8 percent on a same-store basis, is reporting even stronger declines for the first quarter of 2010, attributing them mainly to poor end-of-season sales and a ...
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Jd Sports Improves Across The Board
JD Sports Fashion has turned some great preliminary results for the fiscal year ended Jan. 30, indicating that it has been performing much better than its major competitors on the tough British market, partly because its target customers are younger. The retailer’s turnover grew by 15 percent to £769.8 million ...
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Major Mbo In German Sports And Shoe Retailing
The Fink family, which runs a major German chain of sports and shoe shops mainly located in the southwestern region of the country, has sold its shares to the company’s managing director, Günther Nold. He has worked for Fink Schuhe + Sport since 1982 and has been managing partner since ...
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Online Sales Drive Sportscheck’S Parent
The Otto Group achieved a 1.5 percent increase in its total revenues in the financial year ended Feb. 28, breaking the €10 billion hurdle and reaching a level of €10.1 billion. The management did not give any specific figures for the group’s profitability, but said it was clearly higher than ...
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Metro Reorganizes To Better Expand Globally, Enters Kazakhstan
Metro Cash & Carry, which is a major player in the sporting goods market of many emerging markets, is getting a new corporate structure. Its operations will be divided into Europe/Middle East/North Africa (Europe/MENA) and Asia/New Markets. Joël Saveuse will be in charge of Europe/MENA, and Frans Muller will oversee ...
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Batra Establishes Fila India
The Indian-based Batra Group, which took over the rights to the Fila brand for Europe, the Middle East, Africa and the Indian subcontinent two years ago, has formally launched Fila in India. Batra, which also has a big office in London taking care of other sports brands, was Fila’s distributor ...
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India’S Planet Sports Chain Grows Rapidly
Modern multi-brand sports retailing appears to be shaping up in India, with the expansion of several specialist store formats. Among the most convincing concepts is that of Planet Sports, which turned into a hard-hitting specialist chain with 45 stores at the end of March this year, up from 34 stores ...
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Outdoor Group Again Leads Wolverine’S Good Results, Outlook Improves
Wolverine World Wide has reported that its revenues grew by 11.6 percent to $284.9 million in the first quarter of 2010, including a 3.6 percent gain from foreign exchange. Adjusted for restructuring and related charges in both years, gross margin in the quarter grew by 0.4 percentage points to 41.6 ...
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K-swiss Has A New Plan To Rebound
K-Swiss launched a 10-year strategic plan at the beginning of this year to assert itself as a Californian sports brand with a much higher emphasis on performance. This comes after several years of decline, which have seen the brand’s sales shrink from nearly $500 million in 2005 to about $241 ...
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Prince Gets More Equity For Expansion
Prince Sports Management Holdings has completed the sale of $11.67 million worth of new shares as part of a refinancing program designed to reduce some of its debts and to finance new initiatives such as the previously reported start-up of a sales subsidiary in France and the development of the ...
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New Chief And A New Development Phase For Briko
Carlo Bortoli, the Italian entrepreneur from the wine and publishing industries who took over this brand of snow sports and cycling products two years ago, has appointed Gianluca Pellegrinelli to replace him as chief executive, while remaining as an “active” chairman of the company. A well-known personality of the Italian ...
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Sports Shoes Fell By 4.0% In The U.S. In 2009
The market for athletic shoes in the U.S. dropped by 4.0 percent to $11,957 million in terms of invoiced sales by the major brands, after a 0.6 percent drop in 2008. Weak retail sales combined with aggressive inventory management by retailers and a few major bankruptcies all combined to make ...
