Puma SE reported that third quarter consolidated sales grew by 6.0 percent in euro terms and by 0.5 percent currency adjusted to €892.2 million ($1.12 bn). Net earnings fell by 85.1 percent to €12.2 million, or 81 cents per diluted share. Foot
Author: James Hartford
The Buckle Swings Back to Postive Comps in August
The Buckle, Inc. reported that comparable store net sales for the four-week period ended August 25 increased 4.5 percent from comparable store net sales for the prior-year period. Net sales for the four-week fiscal month increased 5.7 percent to $100.8 mi
Sears Holdings to Spin Off Sears Hometown, Outlet Stores, Inc.
The Sears Holdings Corporation board of directors approved the rights offering transaction pursuant to which Sears Holdings intends to effect the separation of its Sears Hometown and Outlet Stores, Inc. subsidiary. Sears Holdings will cease to have any o
Sears Holdings to be Removed from SandP 500 Index
Standard & Poors is removing Sears Holdings Corp. from the S&P 500 Index at the close of trading Sept. 4 and replacing it with chemical and polymer maker LyondellBasell Industries NV. S&P said the move was made because “Sears' public float has been w
Tecnica Group Appoints Weaver to Global CEO Post
Peter Weaver, currently CEO of the Tecnica Group’s USA organization, will assume the role of Global CEO for the Tecnica Group effective September 1, 2012. In addition to his new global leadership responsibilities, he will maintain his position as
Costco U.S. Comps Rise 7 percent in August
Costco reported net sales of $7.40 billion for the month of August, the four weeks ended August 26, 2012, an increase of eight percent from $6.85 billion during the similar period last year. Total company comparable store sales rose 6 percent for the per
Head NV Posts Wider Q2 Loss on Tighter Margins, Higher Costs
Head NV reported that total net revenues increased 6.9 percent to €62.5 million ($80 mm) from €58.5 million ($84 mm) in the comparable 2011 period. This increase was mainly due to higher revenues in the Racquet Sports division. Gross margin de
Li and Fung First Half Profits Up 33 Percent
Li & Fung Limited, the multinational consumer goods export and logistics group, announced that revenue achieved in the first six-month period ending 30 June 2012 was $9.13 billion, an increase of 4 percent from $8.80 billion in the first half of 2011. Pro
Nautilus Narrows Q2 Loss on Strong Double-Digit Sales Gains
Nautilus, Inc. reported net sales for the second quarter 2012 totaled $39.6 million, an increase of 14.0 percent compared to net sales of $34.7 million for the same quarter in 2011. The company reported a net loss (including discontinued operation) of $0.
Ironclad Q2 Net Shrinks on Dip in Sales Volume
Ironclad Performance Wear Corporation reported that net sales for the second quarter totaled $4.55 million, a decline of 1.5 percent percent Q2 2011. The decline was primarily due to a shift in the timing of sales orders this year and last year. Net inco
Black Diamond Posts Wider Q2 Loss Despite Solid Sales Growth
Black Diamond, Inc. reported that total sales in the second quarter of 2012 increased 13 percent to $31.9 million, compared to $28.3 million in the second quarter of 2011. The growth in sales was attributed to a number of new and existing climb and mounta
Anta Sports Sees First Half Profits Fall on Revenue Decline
Anta Sports Products Limited announced that fiscal first half revenues declined 11.6 percent to RMB3.93 billion for the period ended June 30. Net profit fell 17.0 percent to RMB769.6 million…
Speedo Parent Sees Q2 Net Shrink on Lower Revenues, FX Rate Impact
Warnaco Inc. net revenues fell 5 percent to $563.9 million, compared to the prior year period and were flat in constant currency. In the quarter, a 10 percent increase in Swimwear Group net revenues, fueled by a strong performance from Speedo, were more t
Asics Corp. Posts Weaker Q1 Net on Japan, FX Rate Challenges
Asics Corp. reported that fiscal first quarter consolidated net sales increased 1.1 percent to ¥66,105 million ($825 mm) for the three-month period ended June 30, 2012. Net income for the first quarter decreased 4.6 percent to ¥4,934 million ($62 mm)…
Puma SE Q2 Profit Falls on Weaker Margins, Higher Expenses
Puma SE second quarter consolidated sales grew by 11.8 percent in Euro terms and by 6.0 percent currency adjusted to €752.9 million ($968 mm). As a consequence of lower than expected gross profit and increased expenses, consolidated net earnings dec
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