Latest Headlines – Page 427
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Columbia Suffers Double-digit Drop In Europe
Columbia Sportswear has rearranged its distribution in certain Central European countries. Clemens Weigand, regional sales manager for Germany, Austria and Slovenia, has left the Munich-based subsidiary, which has been struggling against the competition. Weigand’s responsibilities for the German market go to Mike Kaier, a former Fila manager in the region ...
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Fenix Outdoor's Results Improve
The Swedish outdoor company performed very well in the third quarter of the current financial year, ended on Sept. 30, and is counting on Christmas sales to help it exceed its goal of 100 million Swedish kronor (€10.7m-$15.62m) in annual net profit for the full year. This would be an ...
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Intersport Germany Sets Up A New Concept To Boost Ski Sales In Germany
In time for the cold season, Intersport Deutschland has introduced a new marketing strategy to boost ski sales in its stores. The concept is to give Intersport stores a reputation as centers of competence in terms of safety and service. The strategy reflects the fear of many dealers that ski ...
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Fischer Reorganizes Its Structure Ahead Of Facc’S Sale
Fischer; world market leader in cross-country skis, changed its name in October to Fischer Sports. Its former name, Fischer GmbH, will be used for the holding company grouping three companies: Fischer Sports, Löffler (bike, outdoor and cross-country apparel) and FCT (Fischer Composite Technology), an automotive parts supplier. Fischer ...
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Exel Sports’ Ceo Quits Amind Ongoing Problems
Exel Oyi informed its investors a few days before the release of the company’s third-quarter results that it was having ongoing difficulties with its sports division. For the first nine months of this year, its net sales have dropped significantly from €14.3 million to €9.7 million, a decrease of 32 ...
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Patrik Wettstein Leaves Odlo Sports Group
Patrik Wettstein is to leave Odlo Sports Group, where he has been chief executive for six years. There have been differing opinions on the future of the Swiss-based brand for functional underwear and cross-country and outdoor apparel. Wettstein will be replaced by Odd Lofterød, junior, who is shareholder, ...
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Rapala Improves Profits In Its 3rd Quarter
Rapala reported improved profits for the first three quarters of its financial year, with margins slightly on the increase from previous years. This was attributed to strong sales in the third quarter from the recent introduction of its products to ripe markets in the Southern Hemisphere. The Finnish group has ...
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Callaway Has Profit Against Loss, Thanks In Part To Europe
Partly favored by positive weather conditions and by the weakness of the dollar, Callaway Golf Co. registered a strong 40.3 percent sales increase in Europe to $41.0 million in the 3rd quarter, contributing to a 25 percent increase in the first nine months of the year for the region to ...
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Europe Offsets Fall-off In Pacsun Business For Volcom
Gross sales grew for Volcom by 49 percent to $91.0 million for the third quarter, and the company raised its net income by 43 percent to $14,518,000, but this good performance was largely due to the acquisition of its previously licensed operations in Europe. The region achieved an operating margin ...
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Crocs Is Selling More Outside The Usa
Third-quarter revenues surged by 130 percent to $256.3 million for Crocs, and net income grew by 163 percent to $56.5 million. The original shoe company shipped 13.8 million pairs in the period. Sales in the USA increased by 78 percent to $125.4 million, but elsewhere they grew by 220 percent. ...
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Sales Blast Goes On At Under Armour
A sales increase of 46 percent to $186.9 million led to a 25 percent rise in net profits to $20,030,000 for Under Armour in the third quarter. Gross margins stayed even at 50.6 percent after a drop of 1.3 percentage points because of the return or non-sale of some products, ...
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DISAPPOINTING QUARTER FOR TIMBERLAND Timberland says it will streamline...
DISAPPOINTING QUARTER FOR TIMBERLAND Timberland says it will streamline its operations in the wake of a disappointing third quarter. The company reported a 53 percent drop in net income for the quarter ended Sept. 29, down to $25,865,000. The operating margin slid by 4.8 percentage points to about 12 ...
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Fesi’S General Assembly Re-elects Horst Widmann As The Federation’S President
The general assembly of the Federation of the European Sporting Goods Industry (FESI) has re-elected Horst Widmann of Puma and granted him a second 3-year term as president. Widmann came to power in 2004 in a voting battle with Klaus Uhl, then the incumbent president and former owner of Uhlsport. ...
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Nike Offers To Buy Umbro
Nike is using its huge cash pile to make a sizeable investment in football, justifying the investment with the fact that the sport is the most popular one in the world. Its all-cash offer of 195 pence a share for Umbro International, or £285 million (€410m-$582m), represents a hefty 61 ...
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Karstadt Invests In Sports Retail Business, Buys A Boardsports Retailer
Peter Wolf, who was recently appointed as the new chief executive of Karstadt Warenhaus, is serious about bringing the department store chain’s sports branch fast forward. Seven of 28 Karstadt Sports stores in Germany will be renovated by Spring 2008 as part of an investment of more than €100 million. ...
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Double-digit Growth For The World’S Major Retailers
The world’s largest 64 sporting goods chains experienced an 11.7 percent sales increase in dollars to $54.5 billion in 2006, with an average weighted increase of 11.4 percent in local currencies, according to an annual survey by Sporting Goods Intelligence, published on page 5 of this issue. They came to ...
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Amer Reports Flat Sales
Amer Sports’ consolidated sales declined by 2 percent to €462.8 in the 3rd quarter ended Sept. 30, but they would have been better if some of Wilson’s sales of team sports products had not been shifted to the 4th quarter because of the implementation of an SAP platform. For the ...
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Macgregor Golf Goes Through A Recapitalization
The refinancing package, whose details were not disclosed, could help the company to make new acquisitions inside and outside the sporting goods sector, according to well-informed sources. There is speculation that MacGregor Golf, may be one of the candidates to the takeover of Cleveland Golf, the former property of Rossignol ...
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New Owners And Management For Dale
Propago, a private equity investment firm based in Norway, bought a 67 percent stake in Dale of Norway last June, with a plan to help revitalize its flagging sales. Under Tor Anderson, who replaced Olav Munch as managing director in connection with the change of ownership, this vertically integrated Norwegian ...
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Good Quarter For Vf Corporation
VF Corp. has reported a 5 percent rise to $207,207,000 in net income for the 3rd quarter, which ended Sept. 29, while total revenues grew by 15 percent to $2,053,136,000, with 9 percent growth excluding acquisitions. Gross margins and operating margins both increased by 10 basis points, and income from ...
