Li Ning Company Limited reported revenue declined 24.6 percent to RMB2,906 million ($465 mm) in the six months ended June 30, as it continued to shut down stores and reduce sales to retailers to ease their cash flow problems. Mainland China's largest
Category: Outdoor
Li and Fung Sees H1 Profits Plunge on Flat Revenue Growth
Li & Fung Limited posted revenues of $9.13 billion in the six-month period ending 30, essentially flat to the the first half of 2012. The company said the results show how the Group’s businesses are incresaingly skewed towards the second half of th
APMA Introduces New Rating System for Footwear
The American Podiatric Medical Association (APMA) has introduced a new rating system for footwear. The program is called the APMA Seal of Acceptance/Approval. The APMA Seal of Acceptance and Seal of Approval are granted to products found to promote good f
Foot Locker Rolls Out New Commercial Featuring NBA Stars Harden and Curry
Foot Locker, Inc. unveiled its newest national commercial highlighting its “Approved” sneakers and gear. The spot features James Harden of the Houston Rockets and Stephen Curry of the Golden State Warriors…
Smith Optics Names Promotions Manager for Cycle, Tri and Run
Smith Optics appointed Mallory Burda as its new endurance promotions manager, where she is overseeing the growth of eyewear and accessories for the company’s cycling, triathlon and running divisions…
U.S. Electric Bike Sales Doubled in Year Ended July 31
During the year ended July 31, U.S. sales of electric bikes doubled from a year earlier, according to the just released 2013 edition of Electric Bike Reports Worldwide, which is produced by eCycleElectric International Consultants…
Escalade’s Earnings Surge in Q2 on Strength in SG Segment
Escalade, Inc. announced that net income for the second quarter of 2013 jumped 141 percent to $2.6 million, or 19 cents per share, from the same quarter in 2012. Consolidated net revenues for the second quarter were up 12 percent and net revenues the Spo
Sport Footwear Off to Solid Start for Back-to-School
At first glance the sales trend for Sport Footwear for the early phase of the 2013 back-to-school season might look like a precursor of general weakness for the whole season, but a deeper look inside the early numbers from SportScanInfo may tell a much mo
Outdoor Product Sales Improve in July
Sales of outdoor products increased 2.6 percent in fiscal July to $810.3 million, according to the latest monthly sales report from OIA VantagePoint™. Outdoor Hardgoods continued its solid sales trend, and Apparel sales posted a strong increase. Footwear,
FGL Sports Completes Acquisition of Pro Hockey Life
FGL Sports Ltd., a division of Canadian Tire Corporation, Limited, completed the acquisition of Pro Hockey Life Sporting Goods Inc. FGL Sports purchased Pro Hockey Life, a private company, for $85 million…
ATK Reportedly Close to Acquiring Bushnell for Growth Sporting Group
Defense contractor Alliant Techsystems Inc. was reported to be in advanced talks last week to acquire the optics company Bushnell for roughly $1 billion from MidOcean Partners…
Head NV Attains Q2 Growth On Strong Racquet Sales
Head NV reported unaudited net sales of €9.1 million ($11.8 mm) in the second quarter ended June 30, up 3.3 percent from the same period a year earlier as growth in its Racquet Sports division more than offset declines in its Winter Sports and Divin
Inaugural European Outdoor Summit Features Many US Speakers
There are only 65 spots still available at the first European Outdoor Summit, which will take place in Stockholm from 16-18 October. Hosted by the Scandinavian Outdoor Group (SOG), the summit will feature speakers, workshops and networking events…
Head NV’s Racquet Division Boosts 1H Performance
Head NV reported unaudited net sales of €9.1 million ($11.8 mm) in the second quarter ended June 30, up 3.3 percent from the same period a year earlier as growth in its Racquet Sports division more than offset declines in its Winter Sports and Divin
Sports Chek’s Q2 Comps Jump 10 Percent
Revenues at FGL Sports increased 0.7 percent in the second quarter ended June 29, to Canadian $337.4 million (U.S. $326.8 mm), according to the financial report of its parent, Canadian Tire Inc…
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