News Briefs – Page 489
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News briefs
Canada Goose has announced the opening of two new flagship...
Canada Goose has announced the opening of two new flagship stores and a larger e-commerce reach. The maker of luxury artic apparel will open its first European flagship store in London this autumn. It will be the brand's largest retail space to date. The company will also open a two-level ...
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News briefs
Fusalp, the French skiwear brand taken over by members of...
Fusalp, the French skiwear brand taken over by members of the Lacoste family three years ago, is branching out into beachwear. In this context, the brand has just opened its first store near the sea at Saint-Jean-de-Luz, on the Basque Coast of France.
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News briefs
Cherokee, which bought Hi-Tec Sports last year and licensed it...
Cherokee, which bought Hi-Tec Sports last year and licensed it out, reported revenues of $7.8 million from the brand for the fourth quarter ended Jan. 28, comprising licensing revenues of $1.2 million and $6.6 million worth of indirect product sales related to distribution and government contracts. The business generated a ...
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News briefs
Sequential Brands reported an increase in its net loss to...
Sequential Brands reported an increase in its net loss to $1,180,000 for the first quarter of 2017 in spite of a 16 percent increase in licensing revenues to $39.4 million, led by gains at its Avia and Heelys brands. Heelys, which now has a presence in 185 countries, is developing ...
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News briefs
Iconix, another big American brand owner whose assets include Umbro,...
Iconix, another big American brand owner whose assets include Umbro, Danskin, Starter, Ocean Pacific and other brands, saw its licensing revenues decline by 13 percent to $58.7 million, due to the divestiture of several brands. The net result was a net loss of $4,280,000 against income of $18,616,000 in the ...
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News briefs
Descente's net income fell by 28 percent to 5,650 million...
Descente's net income fell by 28 percent to 5,650 million yen (€45.9m-51.2m) in the year ended March 31. Sales dropped by 3 percent to ¥131.5 billion (€1.1bn-$1.2bn), and the Japanese group attributed this to the strong yen and economic stagnation in Korea. They were flat at ¥54.4 billion (€442.6m-$492.6m) in ...
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News briefs
In the financial year ended March 31, Yonex' comprehensive net...
In the financial year ended March 31, Yonex' comprehensive net income jumped by 61 percent to 2,727 million yen (€22.0m-$24.5m), while its revenues rose by 13 percent to ¥61.04 billion (€489.5m-$544.2m). The gross margin inflated by 0.7 percentage points to 43.9 percent. The Chinese market was the key growth driver ...
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News briefs
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for...
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for the year ended March 31 from ¥859 million the year before, thanks largely to a positive swing of one billion yen (€8.0m-$8.9m) in extraordinary items. Revenues were practically flat at ¥79.1 billion (€634.3m-$705.1m) for the parent company of Daiwa, as a decline ...
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News briefs
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m)...
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m) in the year ended March 31 from ¥1,130 million, but it was practically flat excluding special items. Revenues went up by 2 percent to ¥60.9 billion (€488.3m-$542.9m) for the company, which also sells The North Face, Helly Hansen and Ellesse ...
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News briefs
Blaming weak demand for its products in Mainland China, where...
Blaming weak demand for its products in Mainland China, where it has many competitors, Giant Bicycle reported a 5 percent drop in revenues to 13.5 billion Taiwanese dollars (€402.3m-$447.3m) for the first quarter ended March 31, leading to a 40 percent drop in net income to NT$516 million (€15.4m-$17.1m). Sales increased ...
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News briefs
Polygiene, the Swedish company specializing in anti-odor treatments for garments,...
Polygiene, the Swedish company specializing in anti-odor treatments for garments, reported a 30 percent boost in its sales to 17.4 million Swedish kronor (€1.78m-$1.98m), with a growth of 24 percent in constant currencies. However, the company booked a net loss of SEK3.1 million (€0.32m-$0.35m) for the period, up from SEK1.3 million ...
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News briefs
Ireland, the U.K. and Sweden are the fittest countries in...
Ireland, the U.K. and Sweden are the fittest countries in the world, according to data collected by Fitbit from more than 20 million users around the world. Spaniards take the greatest number of steps per day. The World Health Organization's recommendations for an average of 150 minutes of aerobic physical ...
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News briefs
For the third month in a row, Sweden's sporting goods...
For the third month in a row, Sweden's sporting goods retail sales fell by more than ten percent compared with last year during the month of March. According to HUI, they were off by 11.8 percent as compared to the same month of 2016. During January and February, the rate ...
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News briefs
Sportamore, the Swedish online sports retailer, raised its sales by...
Sportamore, the Swedish online sports retailer, raised its sales by 18.1 percent to 173.5 million Swedish kronor (€18.0m-$19.6m) and more than doubled its adjusted operating profit (Ebitda) to SEK 3.4 million (€0.35m-$0.38m) for the first quarter. The company points out that this occurred while the Swedish market was under considerable pressure at ...
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News briefs
The Federation of Sports and Play Associations, which represents the...
The Federation of Sports and Play Associations, which represents the U.K. sporting goods industry, has adopted a new and more modern logo and is launching a new website to connect better with its members. The new and more user-friendly website is intended among other things to communicate better the benefits ...
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News briefs
A Spanish court has dismissed a request by JD Sports...
A Spanish court has dismissed a request by JD Sports Fashion for precautionary measures against a local chain, Oteros Sport, which alleged similarities between the logos and the corporate identity of its new Oteros Sneakers For All stores and those of its own stores. The court accepted Oteros' argument that ...
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News briefs
Asics is asking for the dismissal of a patent infringement...
Asics is asking for the dismissal of a patent infringement suit by Adidas, filed in March, with regard to its Fitnesskeeper and Runkeeper apps. Asics is arguing that 10 of the patents at issue are invalid because they “fail to recite patent-eligible subject matter” and “do not contain an inventive ...
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News briefs
Dan Holmgren, former buyer at Sportigan, has been appointed as...
Dan Holmgren, former buyer at Sportigan, has been appointed as director of Sportsbranchen, the Danish association for sporting goods suppliers and retailers. He takes over from Preben Boas, who retired earlier this year but has set up a consultancy, Sport & More, to advise companies interested in the Danish sports ...
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News briefs
Wilco Prins, the general manager of Rip Curl Europe who...
Wilco Prins, the general manager of Rip Curl Europe who has been re-elected as president of Eurosima, the European surf industry association, says he will try to develop its actions at the European level. While it has members in nine European countries, 87 percent of them are based in France. ...
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News briefs
Two more partners have joined the House of Sport, which...
Two more partners have joined the House of Sport, which groups together organizations in sports and leisure. Established in Brussels two years ago, it aims to more efficiently promote the benefits of physical activity and address the sector's challenges. The two newcomers are the European and Mediterranean Horseracing Federation (EuroMedracing), ...
