Latest Headlines – Page 385
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Nike Reports Some Extra Figures
Converse continues to blossom under Nike’s care, according to the 10-K report filed with the U.S. Securities and Exchange Commission for the financial year ended last May 21: The brand, which was bought by Nike for $305 million in 2003, after recording sales of $205 million in 2002, generated revenues ...
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Apparel Boosts Under Armour’S Sales
Revenues were up by 5 percent to $164.6 million at Under Armour in the second quarter ended June 30. This included a 16.5 percent increase in apparel sales, with double-digit gains in men’s, women’s and youth. The net income was also up by 5 percent to $1.4 million. Gross margin ...
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Drops Across The Board At Columbia
Sales at Columbia Sportswear fell by 16 percent to $179.3 million for the second quarter ended June 30, with declines in most geographic, category and brand areas. Four percentage points were due to currency fluctuations. The second quarter typically accounts for just 15 percent of the company’s annual sales. The ...
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Golfers Tighten Belts, Hurting Acushnet
Acushnet, the golf unit of Fortune Brands that includes Cobra, Titleist and FootJoy, saw a 19.1 percent drop in sales to $365.8 million in the second quarter ended June 30. The operating profit fell by 36.0 percent to $43.6 million. The company said that European and American golfers were spending ...
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Callaway's Sales Fall By 17% In Quarter
Callaway Golf’s had 17 percent sales decline to $302 million in the second quarter ended June 30 was a drop of 12 percent in constant currencies. The gross profit margin was down by 10.4 percentage points to 36.3 percent due to heavy retail promotions and a consumer shift to lower-priced ...
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Financial Indicators Worsen At Timberland, Despite Strength In Boots
Revenues fell by 14.4 percent at Timberland in the second quarter ended July 3, hitting $179.7 million. The gross margin fell by 1.9 percentage points to 42.0 percent of sales due to higher product costs, currency effects, lower margins on off-price business and higher provisions for inventories. The company’s operating ...
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Crocs Is Starting To Turn The Corner
Turnover at Crocs fell by 11.3 percent to $197.7 million in its seasonally biggest period. For the quarter ended June 30, the net loss was $30.3 million compared with income of $2.1 million in the same period of 2008. The results far exceeded its earlier guidance and Wall Street expectations ...
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Athletic Shoes Grew A Little And Only In Emerging Markets In 2008
The annual survey of the global athletic footwear market by Sporting Goods Intelligence has found that it grew by 5.4 percent last year in terms of U.S. dollars, but not in local currencies. Asia overall led the way, helped by huge jumps in sales for two Chinese brands, Li Ning ...
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The Rugged Outdoor Footwear Market Grew In 2008, But More Slowly Than Before
The global rugged outdoor footwear market grew in 2008 by 7.3 percent in dollars to an estimated level of $2.91 billion, according to an exclusive annual study of the market conducted jointly by The Outdoor Industry Compass and Sporting Goods Intelligence. The growth rate was a little lower than the ...
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Sports Direct Takes A Hit In Annual Profit
Despite an increase in total revenues of 9 percent to £1.37 billion (€1.59bn-$2.26bn) for the fiscal year ended April 26, Sports Direct International had to endure a 91 percent drop in pre-tax profits to £10.7 million (€12.4m-$17.7m). Foreign exchange cost the company £27 million, and write-downs another £31 million. Without ...
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Comparable Sales Are Down By More Than 25% For Jjb
JJB Sports’ struggle continues. Turning in its sales results for the 25 weeks to July 19, it reported at its annual shareholders’ meeting today that they dropped by 40.4 percent for the period, with comparable store sales down by 26.5 percent, in line with the forecast given in May. It ...
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Blacks Reports Decling Sales
For the first 19 weeks of its current financial year, ended July 11, Blacks Leisure Group reports a sales decline of 1.6 percent on a same-store basis in its outdoor stores. Britain’s largest outdoor retailer points out, however, that sales grew by 10.4 percent more than the average for the ...
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Scheck Posts Strong Growth Outdoors
SportScheck, Germany’s largest specialty sports retail chain, had sales of €306.1 million in its fiscal year ended Feb. 28, or 3.3 percent more than in the previous year. About 50 percent of the sales came from its 14 brick-and-mortar stores while the other half was done through mail-order. Out of ...
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Speedo, J.D. Sports Give Pentland A Boost
In an unusual statement, Pentland Group reports a sales increase of 11 percent to £1,044 million (€1,211m-$1,722m). The operating profit crept up by 1 percent to £68.1 million (€79.0m-$112.4m). Net assets grew by 14 percent to £380 million (€441m-$627m). No breakdown was given for the company’s individual operations. Pentland ...
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The French Market Expands But Go Sport Doesn’T Benefit As Much As Sport 2000
The French sporting goods market grew by an estimated 2 percent in the first half of this year, thanks in part to a good winter season, but Groupe Go Sport, the country’s third-largest retailer after Décathlon and Intersport, did not quite benefit from the favorable trend. While the more ...
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Insolvency For Canterbury Europe
Partners and employees of the New Zealand rugby brand around Europe are facing weeks of uncertainty after its British subsidiary, Canterbury Europe, went into administration earlier this month. Based near Manchester, Canterbury Europe handled sales in the British and Irish markets and supervised distribution in other European countries, including a ...
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Jarden Raises Profit, Sales Fall Slightly
Sales at Jarden Corporation’s Outdoor Solutions division fell by 10 percent to $637.8 million for the second quarter, with operating income down by 8.7 percent to $68.3 million. The integration of Shakespeare and Pure Fishing is nearly completed, and the company is currently trimming the staff at 25 order fulfillment ...
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Accell Continues To Improve, Except In The Fitness Equipment Sector
Accell Group reports an 8.8 percent consolidated sales rise to €333 million in the first half of 2009, led by a 14 percent jump to €84 million in Germany. Organic growth was just over 7 percent. The net profit increased by 14.5 percent to €22.1 million compared with 2008, and ...
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Vf Corp. Sees Mixed Results, Ready For An Easier 2nd Half
In the second quarter of 2009, which compares with strong results a year earlier,VF Corporation’s net income after minority interests slid by 27.4 percent to $75.5 million on a drop of 11.4 percent in total revenues to $1,485.6 million. The outdoor and action sports coalition was bolstered by ...
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Wolverine Is Hurt By Foreign Exchange
Wolverine World Wide announced a sales drop of 7.8 percent to $246.4 million for the second quarter ended June 20, but taking into account foreign currency effects, the decline was limited to just 3.1 percent. Excellent sales in the U.S. were countered by tough conditions in the rest of the ...
