Skins Footwear Files For Chapter 7 Bankruptcy
Skins Footwear Inc filed for Chapter 7 bankruptcy, citing assets of less than $50,000 and liabilities of between $10 million and $50 million, according to Reuters. The news service said court documents were filed on Friday in federal bankruptcy court in D
Asics Corp. Fiscal Q1 Net Plummets Nearly 85%; Forecast Remains
Asics Corporation posted a 16.0% decrease in revenues for the fiscal first quarter ended June 30. Total consolidated worldwide revenues were Â¥54.9 billion ($563 mm), compared to Â¥65.3 billion ($625 mm) in the year-ago quarter…
Mizuno Corp. Fiscal Q1 Profits Halved on Global Revenue Declines
Mizuno Corporation got little help outside of its native Japan in the fiscal first quarter ended June 30 as all non-domestic regions posted strong double-digit declines for the period. Total worldwide revenues declined 9.3% to ¥40.9 billion ($420 mm), co
Yonex Fiscal Q1 Net Income Plummets on Revenue Dip
Yonex Company Ltd. fiscal first quarter revenues dipped 3.0% to ¥8.93 billion ($92 mm) for the three-month period ended June 30 from ¥9.21 billion ($88 mm) in the year-ago quarter. Net income for the maker of golf, tennis, and badminton equipment plummete
Descente Posts Net Loss in Fiscal Q1 as Revenues Slide 10%
Descente Ltd. posted a 9.9% decrease in revenues for the fiscal first quarter. Total consolidated worldwide revenues were ¥15.26 billion ($157 mm) for the fiscal quarter ended June 30, compared to ¥16.94 billion ($162 mm) in the year-ago quarter…
Daiwa Seiko Fiscal Q1 Revenues and Profits Sink Double-Digits
Daiwa Seiko Inc. saw fiscal first quarter revenues decline 12.6% to ¥16.56 billion ($170 mm) for the period ended June 30, compared to ¥18.94 billion ($181 mm) in the year-ago quarter. Operating income fell 32.3% to ¥1.38 billion ($14 mm) for the quarter
Sport Footwear Gives Back Q1 Gains in Q2
The euphoria the sport footwear market experienced in the first quarter very quickly dissipated in the second quarter as the market struggled against the headwinds created by a difficult economy, cooler and wetter weather and tough comparisons to last yea
Warnaco Swim Boosts Profit on Expense Cutting
Warnaco Group Swimwear Group net revenues declined 9.1% to $74.2 million for the second quarter and were down 6% on a constant currency basis. The company pointed to timing shifts of certain sales and a challenging economic environment as the primary fac
Nautilus Q2 Crippled by Commercial; Mgmt. Ponders Sales of Segment
Following up on a disappointing full-year 2008 and a 2009 first quarter that saw sales plummet 44.4%, Nautilus didn’t see much improvement in Q2 as a flopping commercial business continues to negate meager improvement in other business segments…
Gildan Fiscal Q3 Earnings, Sales Fall on Weakness from Activewear/Socks
Gildan Activewear, Inc. said significant weakness from its underwear and activewear segments were the primary catalysts for slumping sales and declining earnings for the third fiscal quarter ended July 5…
Delta Apparel Sees Fiscal Q4 Sales Slip
Delta Apparel, Inc. reported that fiscal fourth quarter sales slipped a little in light of weakness from remaining business within the retail-ready segment and the activewear segment, but this didn’t overshadow that fact that the Greenville, SC-based appa
Heelys Q2 Woes Compounded by Litigation Costs
Heelys, Inc. reported sales for the second quarter fell 32.0% to $12.4 million from $18.2 million a year ago as the troubled wheeled footwear manufacturer continues to see fallout from a market is losing interest in a fizzling product segment. Net loss fo
Yonex Fiscal Q1 Net Income Falls on Revenue Dip
Yonex Company Ltd fiscal first quarter revenues dipped 3.0% to ¥8.93 billion ($92 mm) for the three-month period ended June 30 from ¥9.21 billion ($88 mm) in the year-ago quarter. Net income plummeted 71.2% to ¥121 million ($1 mm) versus ¥421 billion ($4
Shimano Inc. Sees Negative Trends Abating a Bit; Maintains Full Year Forecast
Shimano Inc. reported that the impact of the global recession and the pressure to reduce inventories has caused its bicycle components business and fishing tackle business to suffer from lackluster sales for the first half of 2009 ended June 30. The compa
Descente Posts Net Loss in Fiscal Q1 as Revenues Slide 10%
Descente Ltd. posted a 9.9% decrease in revenues for the fiscal first quarter. Total consolidated worldwide revenues were ¥15.26 billion ($157 mm) for the fiscal quarter ended June 30, compared to ¥16.94 billion ($162 mm) in the year-ago quarter…
