Latest Headlines – Page 391
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Valdmaa Will Run O’Neill
Jan Valdmaa, chairman and chief executive of the Integrix Sports Group, is to head up O’Neill from the beginning of June. The Swedish executive has been appointed CEO of the Dutch-based surfing brand, replacing Tom Heidman, who assumed the job on an interim basis after the departure of Andreas Adenauer ...
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Amer Sports Is Not So Fit
Now that its ski business has stabilized, the Amer Sports group is being hit by sagging sales in its fitness unit. It already declined sharply last year and continued to drop by 25 percent for the first quarter of this year in constant currencies. In reported terms, fitness sales were ...
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Lafuma Reports Progress, While Finalizing Its Refinancing
While announcing a major refinancing package, the Lafuma Group reported that its turnover increased by 7.2 percent to €120.7 million over the six-month period up to March 31, although on a comparable basis, excluding the integration of Eider’s activities, it decreased by 2.5 percent. On a comparable basis, the second ...
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Puma Had A Comparatively Weak Quarter
First-quarter sales for the Puma brand rose by 3.6 percent to €697.4 million, according to the group results published by its French parent, PPR. This represents a drop of 3.3 percent in constant currencies. Footwear and accessories were resilient, with low-single-digit growth. Apparel didn’t do as well, especially ...
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Le Coq Keeps Soaring
Le Coq Sportif continued to expand its sales at break-neck speed since the beginning of this year, and it even managed a small net profit for the first quarter. The brand is in the third year of its re-launch since it was acquired by Airesis, a Swiss holding company that ...
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Basicnet’S Quarterly Sales Are Boosted By Superga, K-way
BasicNet booked a 9.3 percent increase in aggregate sales, including those of its licensees, in the first three months of the year to €81.2 million, thanks to a sparkling performance by its footwear brand, Superga, and by K-Way, the brand of windbreakers that it recently took over. Superga’s sales ...
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Skechers’ Inventory Control Shows Results
Skechers reports that its sales dropped by 11 percent for the first quarter ended March 31 to $343.5 million, with net income plummeting by 78 percent to $7.4 million. The gross margin fell by 8.2 percentage points to 36.5 percent. Outside the U.S., total sales were flat at $99.6 ...
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U.S. Athletic Shoe Market Falls For First Time In Decades
A study by our compatriots across the Atlantic at Sporting Goods Intelligence America took a good look at the athletic footwear market in the U.S. last year, and found a drop in the overall market for the first time in 25 years. Nike, however, withstood the tough climate, with its ...
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Under Armour Sees A Very Good Quarter
Sales jumped in the first quarter for Under Armour, rising by 27.1 percent to $200.0 million. Net income grew significantly as well, up by 38.0 percent to $4.0 million. Apparel sales for the three months ended March 31 rose by 2.4 percent to $132.2 million, while footwear skyrocketed ...
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Jarden Outdoor Solutions’ Results Are Impacted By Currency
Overall, Jarden Corporation’s management was pleased with the results of its Outdoor Solutions division in the quarter ended March 31, a seasonally slow period for the company. The sell-in of Coleman, fishing and team sports gear “met expectations” and margins were flat, excluding currency effects. The company’s key ...
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The North Face And Vans Are Bright Spots In Vf Corp.’S Quarter
VF Corporation suffered a 6.5 percent drop in total revenues for the first quarter to $1,725.5 million, including royalties, or a 2 percent drop at constant currencies. Net income fell by 32.3 percent to $100.9 million, spurred by softness in traditional department store channels and high unemployment in industrial sectors ...
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Big Drop In Europe Hurts Columbia’S Results
The revenues of Columbia Sportswear fell by 9 percent for the first quarter ended March 31, dropping to $272.0 million, including a 5 percent negative currency impact. Net income fell by 65 percent to $6.9 million. Results were particularly bad in Europe, where revenues dropped by 24 percent in ...
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Wolverine Posts A 5.2% Sales Decline In Constant Currencies
Softness in its major markets held down the sales of Merrell in the first quarter ended March 28, but management said the brand was performing well at full price despite the slowdown. Furthermore, the group’s so-called Heritage Brands – Caterpillar and Harley-Davidson footwear as well as Sebago – improved their ...
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Timberland’S Sales Fall By 13%
Timberland’s branded apparel and casual footwear brought the company down for the first quarter ended April 3, with total sales dropping by 12.9 percent to $296.6 million. Currency differences were worth about $22 million, or 6.4 percentage points of the decline, as the dollar strengthened. Lower apparel sales ...
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Deckers Continues To Be Driven By Uggs
Motivated by continued strong demand for its Ugg brand in the U.S. and abroad, Deckers Outdoor Corporation slightly adjusted its full-year outlook upward as it reported results for the first quarter. The company is now forecasting group revenues for the full fiscal year to grow by 7-9 percent, compared with ...
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Switcher’S Sales Fall, As Expected
Results announced for the 2008 financial year by Switcher Holding, the Swiss company noted for its fair trade attitude, were in line with expectations, as consolidated revenues fell by 13.4 percent to 71 million Swiss francs (€47.2m-$62.3m). The company noted, however, that it underwent a restructuring last year ...
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Accell Benefits From Bike Awareness
Accell Group says it saw an increase in revenues and profits in the first quarter of this year compared with 2008, without giving precise numbers. Much of the boost came from bicycles, which customers are still buying despite the economic slowdown as a result of increasing awareness of health and ...
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Italy Introduces New Incentives For Bicycles, E-bikes
The Italian government has reintroduced incentives for the purchase of bicycles and e-bikes with less restrictive rules than a previous program that expired at the end of last year. The new scheme is proving to be so successful that it could run out of funds by June, according to industry ...
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Swimsuits Become An Issue At French Championships
A new controversy around the technical features of racing swimwear erupted at the French national championships held in Montpellier last week, after several new records were set by swimmers wearing polyurethane suits – while others wearing their regular, authorized suits failed to qualify for the World Championships to be held ...
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Orange 21 Seeks Smaller Nasdaq Listing
Spy Optic’s parent company, Orange 21, has applied to transfer its listing to the Nasdaq Capital Market, after receiving a notice from Nasdaq that it no longer met requirements to be listed on its Global Market ticker. For the larger market, a company must maintain $10 million in equity. Orange ...
