Latest Headlines – Page 396
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Sports Direct Bucks The Negative Trend In The U.K.
Though many British retailers are struggling through the economic downturn (see previous issue), Sports Direct International is thriving. For the 13 weeks that ended Jan. 25, sales grew by 12.0 percent to £355 million (€398.3m-$509.1m) and the gross profit inched up by 0.7 percent to £143 million (€160.5m-$205.1m). The gross ...
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Go Sport Continues To Bleed
Groupe Go Sport has reported a net loss of €15.9 million for 2008 on 3.6 percent lower sales of €726.6 million, against a net profit of €12.9 million. Excluding extraordinary gains from the sale of the last six store leases that it owned, the French sports retailer had an indicative ...
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Active Sportswear Takes Over H²O
Active Sportswear has snatched up H²O, adding this 42-year-old Danish sportswear brand to a portfolio of house brands that includes Color Kids, Kilmanock and FZ Forza. Several companies had shown interest in H²O, reportedly including Hummel, before and after the recent bankruptcy of Buksesnedkeren, its former parent company (see previous ...
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Marie Valois Plans A Comeback
Marie Valois, the French women’s golf apparel brand, has overhauled its business to deal with shrinking sales in the French golf market and in other European countries. It wants to broaden its range but move away from the European market. After several years of decline, Marie Valois was acquired ...
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Maier Is Fit For The Future, But Puts Two Brands On Hold
Maier Sports, the German apparel brand, believes it is prepared for the future after filing for insolvency under the German bankruptcy code in late 2008. Its operating business has been transferred to a new company that bears the name of the old one: Maier Sports GmbH & Co. KG. The ...
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Winter Sports Boost Head's Operating Profit
Despite a gain in sales and in operating profit, Head N.V. has reported a net loss for the fourth quarter that ended Dec. 31. The loss of €1.3 million compares with a profit of €700,000 for the same period in 2007. It comes even though sales grew by 5.4 percent ...
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Puma Is Up In Sales, But Not In Orders Or Profits
Puma is preparing for tougher times even though the figures through the end of 2008 have been relatively good. The company’s sales increased over the full year by 6.4 percent to €2.37 billion, and for the fourth quarter they were up by 11.3 percent to € 504.5 million. ...
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Superga Boosts Basicnet’S 2008 Results And The Group Moves Into Virtual Pricing
The full-year aggregated sales of BasicNet’s network of licensees rose by 10.8 percent to €305.5 million in 2008, lifted by a 40 percent jump in the sales of the group’s footwear brand Superga. The group’s other top apparel brands, Kappa and Robe di Kappa, booked a 7.5 percent increase, according ...
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Accell Remained Strong In 2008
Strong bicycle sales, a good product mix and the acquisition of Ghost helped Accell Group to obtain a 13 percent increase in sales to €538.0 million for 2008. Eight percent of this was organic. Net earnings grew by 17 percent to €28.6 million. ...
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Brunswick’S Fitness Unit A Little Less Fit
Sales in Brunswick Corporation’s fitness segment came out to be 2.2 percent less than the year before at $639.5 million, including $309 million in sales outside its home U.S. market.. Operating earnings for the segment fell by 12.6 percent to $52.2 million, ands the operating margin dropped by 0.9 percentage ...
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Billabong Posts Strong Sales Growth, But Margins Suffer
Billabong’s first-half net sales grew by 22.1 percent through last Dec. 31, helped some by healthy numbers in its home market of Australasia but even more by stronger gains in Europe and the Americas. Revenues increased to 808.6 million Australian dollars (€412.5m-$525.7m) for the year-ago first half as earnings ...
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Restructuring Charges Impact Globe International
Approximately 6.3 million Australian dollars (€3.21m-$4.10m) in one-time restructuring costs pushed Globe International further into the red for the six months ended Dec. 31. The net loss in the first half was A$9.34 million (€4.76m-$6.07m) compared with a profit of A$288,000, while sales dropped by 4.5 percent to A$60.6 million ...
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Volcom Whacked By $16.2 Million Impairment
Despite a modest 0.7 percent uptick in revenues to $69.6 million, Volcom suffered a net loss of $8.7 million for the final quarter ended Dec. 31 after taking a $14.8 million charge on its acquisition a year ago of Electric and another $1.4 million for the purchase of Laguna Surf ...
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Mizuno Year-to-date Is A Net Loss
The Japanese company’s sales were down by 5.3 percent to ¥123.2 billion (€983.0m-$1,256.3m) for the nine month ended last Dec. 31, and the gross margin dropped by 0.1 percentage point to 41.5 percent. The net result was a loss of ¥152 billion (€1212.8m-$1550.0m). In the same period last year, Mizuno ...
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Crocs Has Huge Loss On Forex Losses, Margin Erosion
The net loss was $33.2 million against income of $38.3 million for the final quarter ended Dec. 31 as sales plunged by 43.9 percent to $126.1 million. While that was higher than what analysts forecast (sales of $100 million to $120 million), it nonetheless closes out a disastrous year for ...
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Skechers Says Profits Will Return In Second Half
With the economy bearing down on its business in the U.S. and key international markets, Skechers will lean heavily on emerging markets such as Brazil and its three international joint ventures in China, Hong Kong and Malaysia/Thailand/Singapore to lift the brand’s fortunes in 2009. In the fourth quarter, Skechers ...
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New Wave’S Sport & Leisure Segment Sees Big Drop
New Wave Group, the Swedish parent of Cutter & Buck, reported a 94 percent drop in fourth-quarter operating profit for the fourth quarter to 61.6 million Swedish kronor (€8.26m-$10.6m). Sales fell by 7.9 percent to 1,226.5 million SEK (€108.3m-$138.5m). For the full fiscal year, total group sales increased ...
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Deckers' Gains Driven By Strong Ugg Sales
Deckers plans to make aggressive investments in UGG, Simple and Tsubo in an effort to gain market share in 2009 after closing out a record year with fourth-quarter net income of $40.5 million compared with $35.4 million from the year before. Sales jumped by 56.3 percent to $303.5 million. For ...
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Wolverine Is Consolidating European Operations
The Wolverine World Wide group has put forward a plan to centralize its European back-office functions in London and Paris, entailing the closure of offices in the Netherlands and Germany. Customer service and credit control for the Benelux countries, Germany and Austria are to be phased out and moved to ...
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Capo Puts New Management At The Top
Capo, the Austrian specialty headwear brand, has appointed a new managing director. Otmar Kräutler, the new chief, had been sales director; he’s been with the brand since June 2008. Before, Kräutler was with various textile manufacturers from within and outside the sporting goods business for more than three decades, including ...
