Latest Headlines – Page 384
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Easton-bell Has Close Call With Debt Convenants
Revenues at Easton-Bell Sports dropped by 15.2 percent to $187.3 million for the second quarter ended July 4. On a currency neutral basis, this was a slide of 12.6 percent. The net income plunged by 74.8 percent to $3.9 million. In the team sports division, sales were down ...
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Brand Extensions Pay Off For Lyle & Scott, And Another One Is In The Offing
The Scottish golf knitwear brand expanded rapidly in the last years as it split its offering into several ranges, targeting golf retailers as well as the wider lifestyle and fashion market. It reached sales of about £27 million (€30.7m-$43.8m) for the year ended in March 2009, an increase of about ...
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Ifm Looks At The Sponsorship Business
A survey of almost 450 business leaders from 30 countries conducted by the IFM group, parent of IFM Sports Marketing Surveys, found a widespread optimism. Two-thirds of the businesspeople, representing sports, leisure and sponsorship segments, think the market will settle down or even start to rise by the end of ...
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Jd Sports Fashion Buys Canterbury And Kooga Rugby
JD Sports Fashion, which recently bought an athletic footwear retail chain in France, Chausport, continues to buy new properties, this time in the branded rugby business. While announcing a week ago its takeover of the “key trading assets” of Canterbury Europe along with the global rights to the Canterbury New ...
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Go Sport Finally Improves Margins
A new feeling of optimism is pervading the management of the Go Sport Group, the third-largest sporting goods retailer in France after Décathlon and Intersport. While reporting sharply reduced financial losses, the management appointed two years ago has announced several measures intended to restore its profitability. No new Go ...
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Pacific Buys Fischer Tennis
The tennis unit of Fischer, the Austrian ski brand, was taken over at the end of last month by Pacific-Entermark, a German company specializing in tennis strings, stringing machines and tennis accessories sold under the Pacific brand name. The terms of the transaction were not disclosed, but it will enable ...
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Investment Firm Steps In At Fritschi
V. Nordeck International Holding has acquired a 70 percent stake in Fritschi, the Swiss specialty manufacturer of ski bindings, from Andreas and Christian Fritschi. Andreas Fritschi continues to keep 25 percent of the shares, while the other 5 percent go to Stefan Ibach, who has been the company’s managing director ...
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Swim Brands React To Fina’S New Ban
With the World Championships of swimming just concluded in Rome serving as the backdrop, Fina has voted to change once again its bylaws concerning swimsuits – this time drastically. While these garments can continue to boost performance in the pool, they will have to adhere to certain length restrictions and ...
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Even The Big Guys Feel The Pinch
The Adidas Group was not immune to the continuing tough economic climate, which contributed to a fall of 2.5 percent to €2,457 million for the group in the second quarter, equivalent to a decline of 8 percent at constant currencies. The disappointing performance of Reebok in some countries prompted the ...
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Donwgrade For Reebok, Higher Market Shares For Taylormade
Reebok’s sales declined by 4.3 percent to €449 million, a fall of 8.6 percent in constant currencies for the quarter. The situation at the end of the six months motivated a downgrade in the group’s forecast for Reebok’s sales in the full year, predicting a low- to mid-single-digit sales decline ...
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Adidas Group Reshuffles Responsibilities
Separately, the Adidas Group announced last week that it was separating the responsibility between global brand and global sales management on its executive board. Herbert Hainer, the chief executive and chairman of Adidas Group, will also be in charge of global sales. Reporting to him will be Roland Auschel, chief ...
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Puma’S Sales Rise, But Earnings Fall In Quarter
Puma had a small increase in sales for the second quarter ended June 30, rising by 4.1 percent to €600.3 million, but on a currency-neutral basis sales were flat. Earnings fell by 15.6 percent to €38.5 million. The sales figures were boosted by about 3 percent due to early deliveries ...
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Amer Files Mixed Quarterly Results
Amer Sports held its own in terms of sales for the second quarter ended June 30, as its turnover slipped by just 0.1 percent to €284.7 million. Sales fell by 6 percent in constant currencies, however, with fitness and golf again worst affected. Amer’s gross profit margin continued to ...
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Brunswick’S Sales Plummet And Its Loss Widens Significantly
Brunswick Corporation had a 52 percent drop in sales to $718.3 million in the second quarter, leading to a loss of $163.7 million compared with a loss of $6.0 million last year. Its fitness-related revenues dropped by a third to $105.0 million, and that segment, represented mainly by Life Fitness, ...
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Nautilus’ Commercial Fitness Sector Disappoints, Options Considered
Overall sales at Nautilus fell by 36 percent to $60.8 million for the quarter ended June 30. Revenues from its commercial business dropped by 40 percent to $20.7 million, and the company has retained Robert W. Baird to review strategic alternatives for that segment. The net loss was $20.8 ...
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Head Is Not Optimistic On 2009 Sales, Tries New Terms For Exchange Offer
Head N.V. said it expects net revenues in constant currencies to be as much as 10 percent less than last year’s unimpressive levels in view of difficult trading conditions in diving and, to a lesser extent, winter sports. Its racquet sales got a boost from the launch of the Youtek ...
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Johnson Outdoors’ Cost-cutting Measures Are Working
For the third quarter of its fiscal year ended July 3, Johnson Outdoors had an 18.6 percent drop in sales to $114.9 million, but managed to increase earnings from continuing operations by 13.9 percent to $9.0 million. The company said that cost savings and tax benefits offset the negative sales ...
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Poor Sales Hurt Shimano In First Half
Consolidated revenues were down by 22 percent to ¥90,057 million (€653.1m-$926.0m) for the half ended June 30, and the gross profit margin dropped by 2.7 percentage points to 33.1 percent. Net income plunged by 48 percent to ¥6,565 million (€47.6m-$67.5m). Shimano said the culprits were the global recession and the ...
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Superga Lifts Basicnet’S First Half Sales
BasicNet closed the first half of the year with a 10.2 percent increase in consolidated revenues to €75.88 million, thanks in particular to the strong performance of its shoe brand Superga. In volume, Superga’s sales rose by 29 percent, while the windbreaker brand K-Way was up by 5.4 percent and ...
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K-swiss Looks To Classics To Get Back Into The Black
For the second quarter ended June 30, K-Swiss reports a 34.8 percent drop in sales to $54.0 million. The net loss was $11.5 million, compared with a profit of $26.4 million last year. The results include a pre-tax non-operating loss of $2.6 million related to the completion of the acquisition ...
