Latest Headlines – Page 417
-
Article
Big Numbers Boost Volcom For Quarter
With a net income up by 70.4 percent to $9.3 million, Volcom had a brilliant start to 2008. Revenues for the quarter ended March 31 were up by 58.5 percent to $80.6 million compared with the same period last year, and the gross profit margin was up by 0.4 percentage ...
-
Article
Foreign Sales Help Callaway Golf
Callaway Golf Co. realized a 10 percent increase in net sales for the first quarter ended March 31, to $366.5 million, a record for the company. Gross margins were 48 percent, the same as for the first quarter of 2007. The operating margin was 30 percent, down from 31 percent ...
-
Article
Better Results At Easton-bell
Paul Harrington, who left as president and chief executive of Reebok International to replace Tony Palma as chief executive of Easton-Bell Sports, is moving to a company that managed to reduce its losses in the fourth quarter of 2007 and to achieve a financial turnaround for the full year, after ...
-
Article
First Quarter Sees Growth At Dorel
Dorel Industries boasted a 54.9 percent sales increase in its recreational/leisure segment to $136 million for the first quarter of 2008. While some of the unit’s gain could be attributed to economically strapped Americans who returned to the mass market for buying bicycles, a large part was due to the ...
-
Article
Johnson Outdoors Takes A Dip For Second Quarter
In the quarter ended last March 28, the group’s net sales declined slightly to $121.8 million from $122.0 million, while earnings from continuing operations plunged by 61.9 percent to $0.8 million from $2.1 million in the corresponding 2007 period. Operating profit for the quarter declined to $3.6 million from $4.6 ...
-
Article
Oakley’S Sales Rise By 15% In Dollars
Luxottica’s management indicated a few days ago that Oakley’s eyewear business in Europe would be integrated with Luxottica’s by May 1, but the final company structure is not yet clear. Sources at Oakley Europe, whose offices in France, Germany and Italy are being closed down, said it will take a ...
-
Article
DECKERS IS DOING WELL OVERALL Deckers Outdoor’s net income...
DECKERS IS DOING WELL OVERALL Deckers Outdoor’s net income rose by 20 percent to $11,294,000 during its first quarter ended March 31, while total sales rose by 34 percent to $97,535,000. Sales of UGG continue to drive the company; confirming the company’s belief that the brand is beginning to ...
-
Article
Good News, Bad News For Crocs
Crocs and Disney have paired up so that Crocs can make shoes based on the television hits "Hannah Montana" and "High School Musical." Crocs and its subsidiary Jibbitz, which makes charms for the shoes, will also theme a line of shoes around the Disney/Pixar film "Wall-E." The shoes will ...
-
Article
Sole Technology Wants To Be Greener
In its effort to become a carbon-neutral company by 2020, Sole Technology, parent of Etnies, eS, Emerica, ThirtyTwo and Altamont, released the results of its first eco-audit. It found that in 2007, the company generated 40,000 tons of carbon dioxide, and recycled 57 percent of its internal trash, well above ...
-
Article
Chinese Labor Unions Protest After Damning Report
Shortly after the international clothing workers’ rights group Play Fair 2008 released "Clearing the Hurdles," an indictment of labor practices in four countries, Asian labor groups protested outside the Hong Kong headquarters of Yue Yuen, which produces one-sixth of the world’s athletic shoes. The Play Fair report, which ...
-
Article
Bsi Examines Alternatives To Cancelled Ispo Summer
BSI, the German association of sporting goods vendors, is looking for alternatives to ISPO Summer, which has been put on hold by Messe München until further notice. As a result of BSI’s annual meeting in Mettmann/Germany on April 17 and 18, the federation noted that some product ranges are represented ...
-
Article
Storm Before The Calm At Jjb?
JBB Sports is closing 72 loss-making stores and cutting 800 jobs almost immediately in a bid to shore up the company’s financial performance and reposition it well away from the cut-price competition from its larger rival Sports Direct. JJB’s chief executive, Chris Ronnie, a former close associate of Sports Direct’s ...
-
Article
Jd Reports Buoyant Fiscal 2008, Upbeat Start To New Year
The John David Group, the U.K.’s third-largest sportswear retailer, saw a marked improvement in full-year results and made an encouraging start to the new year. Improvements came in both its sports division and the much smaller, and struggling, fashion group. Overall, JD saw full-year pre-tax profits more than double to ...
-
Article
Sport 2000 France And Its Brands Saw A Good Year
Sport 2000 France outperformed the sporting goods market in 2007. While the market grew by 2 percent, the revenues of the company's affiliated retailers went up by 5.5 percent to €580 million. In flat areas of the country, revenues were €463 million, up by 5 percent. Thirty new stores were ...
-
Article
Court Ruling Strengthens Brands’ Rights To Control Online Sales
A brand does not have to accept the way its products are offered by resellers on internet platforms such as eBay. That’s more or less what a court in Mannheim, Germany, recently ruled. The plaintiff, an eBay seller dealing with satchels, went to the court claiming that its vendor, the ...
-
Article
Hi-tech Swimsuits Are Still An Issue
Arena has decided to launch a new improved version of its new Powerskin R-evolution swimsuit after FINA, the international governing body for competitive swimming, confirmed that the new high-tech suits introduced by Speedo and TYR complied with its specifications. In an open letter to FINA, published last Apr. 4, ...
-
Article
The Three Stripes Score A Big Court Victory
Adidas claimed a significant legal victory last week, when the European Court of Justice (ECJ) deemed that other companies should not be allowed to use stripes on their clothing if they caused confusion among consumers and might be mistaken for the Three Stripes of Adidas. The case was brought ...
-
Article
A Possible Conclusion To The Nike Trade Name Battle In Spain
After 20 years of legal battling, a Spanish sports magazine, Diffusion Sport, reports that Nike has finally made peace with Spanish users of a Nike trade name that has nothing to do with the renowned American brand. A difficult co-existence between the two Nikes may now come to an end, ...
-
Article
Diadora Forms A Joint Venture In China
The rights to the Diadora brand name in China, Hong Kong and Macau are going to be held by a joint venture formed by the Italian company with Windia Holdings, a 100 percent subsidiary of Win Hanverky Holdings. Diadora has a 40 percent stake in the joint venture, called Winor ...
-
Article
Win Hanverky Posts Lower Margins
Win Hanverky is projecting a 25 percent increase in production this year to satisfy the demand from its big corporate clients. At the same time, the company plans to add more points of sale, particularly in second-tier and third-tier cities throughout Mainland China. Win Hanverky opened 240 new stores ...
