Latest Headlines – Page 405
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Jarden's Outdoor Segment Shows Big Improvements
Jarden Corporation has reported a 10 percent increase in net sales to $1.46 billion for the third quarter ended Sept. 30. Net income more than tripled to $63.8 million. Total revenues from the Outdoor Solutions group, which includes Coleman, K2, Marmot, Penn, Rawlings and Völkl among others, were up ...
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Callaway Accelerates Product Introductions After A Poor Quarter
Callaway Golf Company saw some lower numbers in the third quarter ended Sept. 30, with sales going down by 9.3 percent to $213.5 million from its record figure in the same period last year. The quarter ended with a net loss of $7.4 million, compared with income of $1.3 million ...
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K-swiss Has A Loss, Sees More Of It Ahead
The company’s $100,000 loss for the third quarter ended Sept. 30 compared with income of $12.8 million last year, with an 11 percent drop in sales to $95.8 million, and no turnaround is yet in sight. K-Swiss’ orders fell by 29 percent to $102.9 million, with a 35 percent drop ...
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Secondary Brands Help Timberland To Report A Profit
Timberland’s profit grew by 18.5 percent to $30.7 million for the third quarter ended Sept. 26, but the management is concerned about its numbers for the year, however, as customers curb their spending. The company had a 2.2 percent drop in sales for the quarter to $423.6 million. This number ...
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Wolverine Just Keeps On Growing
The third quarter of the fiscal year, which ended Sept. 6, marked Wolverine World Wide’s 25th consecutive quarter of record revenues, in spite of the difficult economic circumstances. The company’s sales were up by 2.8 percent to $318.9 million for the period. Blake W. Krueger, president and chief executive, again ...
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Basicnet’S Sales Are Boosted By Store Openings
BasicNet enjoyed a 41.5 percent increase in direct sales to €89.79 million in the first nine months of the year, largely thanks to the expansion of its franchising network, which now totals 86 stores, and the development of its footwear brand Superga. Total sales for the Kappa brand rose by ...
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Julbo Benefits From Shutdown Of Cebe
Benefiting in part from the shutdown of Cébé’s sports-related activities, the French company that owns the Julbo brand of eyewear will enjoy a big boost in its turnover this year to around €20 million. That will include sales of €16 million under the Julbo brand, up from €14 million last ...
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New Management And New Challengers For Mbt
Richard Litzel is stepping down for personal reasons as the chief executive of Masai Barefoot Technology after running the Swiss-based footwear company on a more or less incognito basis for one year. The former top executive of Reebok, Arena and Keen will now focus on the German-speaking markets out of ...
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Margins Improve At Exel But Further Restructuring Is Ahead
Exel Oy had net sales of €23.9 million in the quarter ended Sept. 30, marking a decline of 14.3 percent from the same period last year. The operating profit, however, improved significantly, with €2.5 million compared with a loss of €2.1 million in 2007. The company’s down-sized sports ...
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Sell-in Of Snow Sports Hardware Fell By 28% In Italy Last Year
Pool Sci Italia, a consortium that represents ski equipment producers making up 90 percent of the Italian market, presented its sell-in results for the 2007-08 ski season at the Skipass show in Modena a week ago. The season was a big blow to producers, as the previous one had been ...
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Npd Analyzes French Action Sports Market
France’s vigorous action sports market was worth €806 million after VAT in 2007, according to NPD Group, which uses a special definition for this hybrid product category. Within this segment, action sports apparel generated sales of €426 million in the 12 months ended last June, representing 15 percent of the ...
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Volcom’S Third Quarter Sees Increases
Volcom had a sales increase of 23 percent for the quarter to $111.7 million and its consolidated net profit increased to $16.3 million from $14.5 million. The gross profit was up by 20.3 percent to $55.2 million. This meant a gross margin of 49.7 percent, 1.0 percentage point less than ...
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Nautilus Shrinks Loss In Quarter
Nautilus had an operating loss of $13.4 million for the period ended Sept. 30, down from an operating loss of $23.2 million in the same period a year ago. The net loss was $34.1 million versus a loss of $13.4 million and included an $8.2 million restructuring charge related to ...
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Amer Cuts Its Profit Projections
Stressing that the immediate outlook is more uncertain than normal for this time of the year, Amer Sports’ management is predicting a decline in its operating profit this year to somewhere between €80 and €90 million, compared with €92 million in 2007, excluding a €13 million extraordinary gain on the ...
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Jjb May Sell Its Shoe Shops
JJB Sports, one of the major British sporting goods retailers, bought 61 Original Shoe Company stores from its rival Sports Direct last December, in a major diversification into lifestyle fashion. It followed up last May with the acquisition of 24 Qube stores from Sir Tom Hunter, who sold his Sports ...
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German Intersport Members Think Big
Intersport Deutschland has announced a significant increase in its members’ selling surface during Autumn 2008. The buying group reports 20,000 new square meters, of which 4,000 are existing surfaces that have been revamped. Kim Roether, the group’s president, estimates the entire volume of the members’ investments at roughly €25 million. ...
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Intersport Austria Grows, But Suffers From Eybl’S Divorce
The Austrian Intersport group has published satisfactory figures for its fiscal year 2007-08, ended Aug. 31. The turnover at retail prices including VAT increased by 12.9 percent to €595 million. The presentation marks the last time the figures include the business of what used to be its largest member, Intersport ...
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Sport Alliance Moves Into Footwear
The Italian buying group for sporting goods enlarges its footprint by opening itself up to retail members from the shoe trade, creating wider economies of scale. The new initiative is being led by Massimo Donda, an important shoe retailer in Trieste who runs Federcalzatura, the Italian shoe retailers’ federation. ...
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Austrian Investors Acquire Besson
An Austrian equity investment firm linked with Erste Bank, Capexit, has acquired an 80 percent stake in Besson Sportswear, the Italian skiwear company led by Giuliano Besson, who will continue to run the company. The transaction took place through an equity increase from less than €200,000 to nearly €2 million, ...
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Turkish Bike Company Has Eye On Rest Of Europe
As a part of its efforts to extend its reach in Europe, Bianchi Turkey, owner of Atala in Italy since 2005, has bought another bike brand in Italy and is starting a parts and accessories company, Byte. The newly acquired company is Carraro Industria Cicli, which will be handled by ...
