Business people : Hydrapak Hires Tracey Brown to Augment Global OE Sales & Expand National Accounts.

Oakland, Calif., Jul 30, 2012 -
Hydrapak is pleased to announce the arrival of Tracey Brown as the new Business Development Specialist.  Bringing twelve years of international, military and national account sales experience, including ten years at Camelbak, Tracey is well positioned to communicate the value of Hydrapak’s Elite and First Wave™ military hydration technologies, expand Global OEM opportunities and increase brand presence within national retail outlets.  

 “The OE market for a great hydration product is stronger than ever in the US and abroad,” states Brown. “Hydrapak is consistently growing, so this is an exciting time to parlay my experience and contribute to that momentum.”

Matt Patterson, Hydrapak’s Director of Sales adds, “Having Tracey join the team is tremendous.  She adds another solid piece of framework on which to build Hydrapak’s global brand.  We are excited to have a person of Tracey’s stature representing our brand within key markets.”

This news closely follows True North’s decision to integrate Hydrapak reservoir solutions into their packs designed for Military, SAR, Wildland Firefighting and Industrial use.  The 2013 True North product line, including the Lynx and Guardian Ultra Hydration Packs, will integrate Hydrapak’s three-liter Shape-Shift Reservoir with a custom logo, Plug-N-Play Connectors and Hydrafusion Tubes.
“It’s an honor to collaborate with True North,” said Hydrapak CEO Matt Lyon. “Their dedication to presenting our emergency and military professionals top-of-the-line solutions should be applauded, and we are confident that our hydration solutions will provide the superior reliability that public service professionals deserve.”

"True North Gear products are used every day in life-or-death situations where performance is essential,” said True North CEO, Alyx Fier.  “Hydrapak's superior hydration solutions provide our customers with the product they need to stay safe and comfortable in the world's harshest and most demanding environments."

The addition of True North expands the impressive roster of premium military & outdoor industry manufacturers that integrate Hydrapak hydration components into their designs — including Mercury Luggage, producers of the TAC-PAC, HTI, Salomon, DaKine, Vaude, Nathan, Shimano, Backcountry Access, The North Face, Oakley, Columbia, Fox, Ogio, Kriega, Scott, BMW, KTM, Berghaus and Geigerrig.   For more information please visit, www.Hydrapak.com.

About Hydrapak
Created in 2001, Hydrapak, creators of innovative and advanced hands-free fluid delivery systems, was introduced to satisfy the growing demand from athletes for personal hydration systems. Hydrapak produces a lineup of custom built hydration backpacks, reservoirs, and bottles for a variety of sports, including biking, hiking and running.  Hydrapak is also an OEM for top manufacturers specializing in consumer, commercial and military purposes.  To view all drink systems and components, bottles and hydration packs visit www.hydrapak.com or call 510.632.8318.

(Scott Surface, OutsidePR, Scott@OutsidePR.com )

Trade Shows : Yacht & Boat Korea – dates set for 2013.

Moving in to its seventh year, Yacht & Boat Korea is aiming to grow the event with more local and international exhibitors and more to appeal to visitors, setting the dates for next year’s event: 2 to 5 May 2013.

Under the auspices of new owner, Mr Jin Hoe Kim, President of GNA International, whose background is the shipping industry, Yacht & Boat Korea is well positioned to build on the success of previous editions. 

Gyeongnam Province has confirmed the dates of the seventh annual Yacht & Boat Korea and is proud to extend substantial support to the event as a pivotal factor in developing the local marine industry and facilitating recreational boating.

Yacht & Boat Korea is situated in Gyeongnam Province which is in the scenic South close to the Busan – South Korea’s largest metropolitan centre after the capital, Seoul, and the country’s largest port city.
The main venue is the magnificent Changwon Exhibition and Convention Center, with its state of the art facilities and 7,827m² of exhibition space.
The show offers a balance of consumer and trade and is strongly supported by the South Korean recreational and light commercial marine industry. There is a B2B component, involving networking opportunities, seminars and forums featuring internationally respected industry proponents. 

 On show, an array of power and sail boats, the latest in locally produced and imported electronics, marina companies and technology, chandlery and fishing gear.

Organisers were very pleased with the number of people who visited the event in 2012. Visitor numbers were up on 2011 and good sales and leads reported, which suggests recreational boating is becoming part of the leisure activity of South Korea.

The 2012 event hosted 147 exhibitors attending from Japan, Singapore, Taiwan, China, Sri Lanka, New Zealand, South Africa, France, Spain, the United States, Italy and Australia.
The main theme for Yacht & Boat Korea is 'get on the water', encouraging adults and children to get hands on experience with water craft of all sizes, part of the ongoing educational focus of the show.

May is the ideal time for hosting this increasingly popular fixture on Korea’s burgeoning marine calendar, with exquisite weather and ideal on-water conditions for those wishing to sample some of the diverse watercraft on show.

More at www.yachtkorea.or.kr
For enquiries and further information email Sunni Kwak info@yachtkorea.or.kr or Barry Jenkins sybarisx@bigpond.net.au

(by Jeni Bone  / www.marinebusiness-world.com )

Business news : 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).
Whereas Footwear sales were flat currency adjusted at €370.9 million ($477 mm), with Teamsport and Running balancing the softening sales in the Motorsport and Fitness categories, Apparel sales increased by 7.9 percent to €256.4 million ($330 mm), fueled in part by higher demand for fan wear in the Teamsport category on the back of EURO 2012. Accessories jumped by 24.3 percent to €125.6 million ($161 mm) with strong results in all regions for our Cobra Golf products and the socks business.
“Despite the poor consumer sentiment and challenging business environment particularly in Europe, PUMA achieved respectable sales growth in the second quarter and first half of this year,” said Franz Koch, CEO of PUMA SE. “However, pressure on gross profit margins and further strategic investments related to our ‘Back on the Attack’ plan in combination with a weakening European business impacted second quarter net earnings. We have therefore taken measures to secure sustainable and profitable growth by broadening the scope of our Transformation Program. This program is designed to reduce complexity and establish a more efficient business model, operating on a leaner cost base.”
The performances of the PUMA supported Italian and Czech teams were resounding successes for our growing football (soccer) category and clearly underline PUMA’s reinforced commitment to strengthen our brand visibility and position as one of the top three football brands. The “Squadra Azzurra” made it all the way to the final, while the Czech Republic put on an excellent display to reach the quarter-finals. PUMA’s main footwear style for the Euro 2012, the new EvoSpeed, worn by German striker Mario Gomez, was launched shortly before the start of the tournament, generating strong sell-through figures.
In PUMA’s Sportlifestyle business, the Archive Lite, an ultra-light shoe with a contemporary look that derives from the Suede and has been fused with performance technology such as the FAAS Foam and mash, continued to resonate well with consumers.
Sales Performance by Region
In regional terms, PUMA continued gains in the Americas with sales growing by 15.0 percent currency adjusted to €278.7 million ($358 mm) in the second quarter. Asia/Pacific posted a gain of 8.6 percent to €190.6 million ($245 mm). Sales in EMEA declined by 3.0 percent to €283.6 million ($364 mm), due to the difficult market environment in Europe and the weaker performance of the footwear category.
Sales Performance Retail
PUMA’s retail operations continue to provide solid growth. Second quarter retail sales were €150 million ($193 mm), 22.3 percent ahead of last year’s €122 million ($176 mm), representing 19.9 percent of total sales. From January to June, retail sales were up 19 percent from €228 million to €272 million, delivering 17.3 percent of total sales. Increased volumes at existing stores, new store openings as well as continued growth in our e-commerce business were responsible for this positive development.
Margins, Expenses and Profitability
PUMA was mostly able to allay the effects of continued input price pressures in the second quarter. The gross profit margin stayed flat at 49.1 percent in the second quarter of 2012, supported by a favorable hedging impact compared to last year. However, the expected slight increase in margin did not materialize and we were therefore not able to offset higher input cost and margin pressure. Footwear rose slightly from 48.1 percent to 48.3 percent and Apparel improved from 48.9 percent to 49.4 percent. Accessories, however, fell back from 53.3 percent to 51.1 percent compared to 2011.
Second quarter operating expenses continued to rise as set out in our growth strategy. OPEX rose by 17.0 percent to €327.4 million ($421 mm) in the second quarter of the year compared to €279.9 million ($403 mm) last year. Increased expenditures were necessary to support the Euro-Cup in Poland and Ukraine and first initiatives for the Olympics in London, while at the same time PUMA has been extending RD&D resources and initiatives in order to strengthen the company’s product pipeline. In addition, PUMA’s increased number of retail stores, currency impacts and the extended scope of consolidation were responsible for a considerable portion of this increase.
Operating profit declined by 15.0 percent to €47.1 million ($61 mm) during the second quarter of 2012.
As a consequence of lower than expected gross profit and increased expenses, consolidated net earnings decreased by 29.2 percent to €26.7 million ($34 mm), coming in weaker than Management had anticipated. Earnings per share fell by 29.0 percent to €1.78 ($2.29).
 Looking at assets, inventories rose by 26.1 percent currency adjusted or 32.3 percent in Euro terms to €672.3 million ($846 mm). This is mainly due to the continuing expansion of PUMA’s retail store network and higher average prices per unit on stock. Trade receivables also increased by 7.0 percent currency adjusted or 11.6 percent in Euro terms to €582.7 million ($733 mm), broadly in line with sales growth. Cash Position
The total cash position as of June 30, 2012 was reduced by 19.8 percent from €352 million ($506 mm) to €282 million ($354 mm), affected by the purchase of the remaining Dobotex shares.

(SportsOneSource Media)

Animal, action sports lifestyle brand, Jobs offers

About Animal :
Animal was conceived back in 1987 by two surfers who were really fed up with continuously losing their watches in the water due to the straps breaking under extreme conditions. They came up with a solution in the form of a webbing hook and loop strap that seemed to put an end to their problems.
Setting up 'production' in a back bedroom at one of their mother’s houses, they began to make small quantities of straps and sell them to their surfing friends. The money raised paid for surf trips to far flung spots in Oz and Hawaii where the pair sold more straps to fund their storm chasing escapades.
The simplicity and rugged nature of the strap made it suitable for crossing over into other action sports such as windsurfing, snowboarding, skateboarding, and mountain biking. First and foremost a functional performance product, the strap became a success and Animal was born. Before long, Animal started to make sports watches. Aimed at freesports enthusiasts, they were water-resistant, functional and looked great on the wrist. These watches enjoyed phenomenal success and are now a household name.
Animal is a UK action sports lifestyle brand, boasting an extensive team of riders in each of its core sports. These are Surfing, BMX, Ski-ing, Skateboarding, Mountain biking and Snowboarding. Our 'rider-refined' program means all products get tried, tested and tweaked by the Animal pro team for real rider performance. Animal’s range has now grown to include action sports inspired clothing, watches, wetsuits, technical outerwear, eyewear, footwear, luggage and accessories.

Jobs Offers : 

- Ref : AO010021 : Womenswear Selector/Buyer - Permanent Full Time

- Ref : AO010019 : Head of Export - Permanent Full Time

- Ref : AO010018 : Accessories Technologist/QA - 12 month contract

- Ref : AO010017 : E-Commerce Merchandising Assistant 

- Ref : AO010016 :  Childrenswear Designer

Business people : La Senza director, Beverley Williams, takes helm at JJB (UK)

A former director of lingerie chain La Senza has been appointed to lead the turnaround strategy at another troubled retailer, JJB Sports.
Beverley Williams, who takes the chief executive’s role vacated by Keith Jones last week, will work alongside US retail recovery specialist Bob Corliss as they look to revive the performance of the sports goods firm.
Wigan-based JJB admitted recently that more poor sales figures meant it would need additional funds to support its store overhaul programme.
Ms Williams was commercial director and co-chief executive of La Senza but left last year before its collapse into administration in January. She was previously general manager of Contessa, which merged with La Senza in 2007.
Mr Corliss, who previously ran franchise-based footwear business The Athlete’s Foot, said Ms Williams has a wealth of experience in multi-channel retailing.
He added: “She is particularly well known for her expertise in product and trading. I am looking forward to working with Beverley as we set about improving the overall experience for JJB customers.”
Ms Williams, who will hold the role on an interim basis, said: “JJB has a great deal of potential and I am confident that with the continued help and commitment of our staff, suppliers and investors we can forge a stronger future for the business.”
JJB, which has 180 stores and employs some 4,000 people, secured a lifeline three months ago when it landed £20 million from American retailer Dick’s Sporting Goods and a further £10 million from existing shareholders, such as the Bill and Melinda Gates Foundation.
It earmarked £20 million of the most recent funding on converting 60 of its most important stores in 2012 and 2013 into a new format that during trials produced much-improved sales and margins.

Read more: http://www.expressandstar.com/business/city-news/2012/07/30/la-senza-director-takes-helm-at-jjb/#ixzz22CVyHqNR

New product : SOS Marine Dan Buoy is smart safety !

The girls from down-under now have a proven, successful rescue device that is easy-to-use and ready for immediate response if someone goes overboard.

SOS Dan Buoy is an Australian invention creating one of the biggest changes to man overboard rescues in the marine industry for decades.

The compact unit is portable and of similar size to a small hand-bag - no assembling required. You just pick up and throw. It is the only flotation of its kind in the world tested to elements of the ISO 12402 lifejacket standard, and Yachting Australia compliant.

'With increasing man-overboard incidents, a need was identified to develop a simplified rescue system for anyone using waterways and to assist in reducing the risks associated when someone goes over-board. The SOS Dan Buoy is an easier method to use with differentiating capabilities,' says a spokesperson from SOS Marine.

Professional mariners find the SOS Dan Buoy easy to mobilise in difficult and dangerous rescue operations. Deployment of several SOS Dan Buoys can be conducted from a helicopter to mark and identify the location of the person overboard. The self-inflating SOS Dan Buoy has webbing loops (patented) offering a greater sense of support, especially when rescuing the fatigued.

SOS Dan Buoy inflatable marker indicates wind and current directions. It is highly visible with a fluorescent yellow 2.5 metre streaming ribbon waving back and forth in the breeze, allowing it to be seen up to 1700 metres away. It includes a SOLAS light for night rescues.

There are many additional benefits - by removing the drogue and attaching an anchor it can be used as a temporary marker for wrecks, channels, and dive or crash sites. If you crew another boat it is easily transportable as it folds away in a small carry bag and is reusable after replacing a 33gram cylinder plus an activation cartridge.

The multi-award winning SOS Dan Buoy was developed by SOS Marine, an Australian manufacturer of specialised marine safety equipment. SOS Marine designs and manufactures safety equipment for 12 countries Defence Forces world-wide.

SOS Dan Buoy is a must-have for every skipper`s safety check list. It can be thrown by man, woman or child to someone who has the misfortune to go overboard.

SOS Dan Buoy can be seen at Sydney Boat Show from 2 to 6 August at Southern Seas Stand 716.

More at www.sosmarine.com or www.danbuoy.com

by AIMEX through www.marinebusiness-world.com

Business news : Arctic Cat Reports Fiscal 2013 First Quarter Results.

MINNEAPOLIS, MN July 26, 2012 –  Arctic Cat Inc. (NASDAQ: ACAT) today reported the company swung to net earnings of $2.0 million, or $0.14 per diluted share, for the fiscal first quarter ended June 30, 2012, up from a prior-year net loss of $2.3 million, or a loss of $0.13 per diluted share. Arctic Cat’s net sales for the fiscal 2013 first quarter grew 49 percent to $111.3 million versus net sales of $74.9 million in the same quarter last year.
“We are very pleased to start our new fiscal year with another quarter of outstanding sales and earnings,” said Claude Jordan, Arctic Cat’s president and chief executive officer. “Sales rose across all product lines in the first quarter, led by strong contributions from our new Wildcat pure sport and Prowler side-by-side vehicles, and core ATVs. We continued to leverage higher sales volumes and a lower cost structure to deliver improved profitability in the first quarter.”
Among the highlights of Arctic Cat’s fiscal 2013 first-quarter financial results versus the prior-year quarter:
  • Net sales grew 49 percent, chiefly driven by increased Wildcat and Prowler recreational off-highway vehicle (ROV) sales;
  • Gross margins improved 114 basis points, due to higher volumes;
  • Operating expenses as a percent of sales declined to 17 percent compared to 24 percent;
  • The company reported operating profit of $3.1 million versus a loss of $3.6 million;
  • The company had no long-term debt.
Business Line Results
Sales in Arctic Cat’s all-terrain vehicle (ATV) business rose 93 percent to $73.0 million, up from $37.9 million in the same period last year. The increase was primarily due to strong dealer and customer demand for the all-new Wildcat V-Twin 1000i H.O. pure-sport ROV, as well as Prowler side-by-side utility vehicles and core ATVs.
Commented Jordan: “Wildcat sales are on track to meet our high expectations this fiscal year for the growing ROV market. In addition, with the further reductions achieved in our ATV/ROV inventory in fiscal 2012, dealer inventory is now near optimum levels and we are starting to see increased demand from our dealers.”
In August 2012, Arctic Cat will begin shipping new model year 2013 ATVs/ROVs, including five ATV models and a new limited edition Wildcat 1000 ROV. The new limited Wildcat will offer upgraded styling features, as part of a standard package.
Arctic Cat’s snowmobile sales in the fiscal 2013 first quarter rose 4 percent to $18.0 million, up from $17.4 million in the prior-year quarter. For the 2013 model year, the company is building snowmobiles on its new ProCross™ performance and ProClimb™ mountain chassis platforms, introduced in fiscal 2012, and will continue offering innovative suspension, drive and braking technologies. Arctic Cat is committed to investing in research and development, in order to remain an industry innovation leader and in anticipation of manufacturing its own snowmobile engines in fiscal 2015.
Sales of parts, garments and accessories (PG&A) in the fiscal 2013 first quarter increased 3 percent to $20.4 million versus $19.7 million in the prior-year quarter. Contributing to the growth were accessory sales for the Wildcat ROV. Arctic Cat’s growing line of Wildcat accessories now includes 43 wide-ranging options for riding enjoyment and vehicle customization. Among the top-selling Wildcat accessories are front and rear bumpers, flip up windshields, skid plates and winches.
Company Raises Fiscal 2013 Sales and Earnings Outlook
“We are bullish about our future,” said Jordan. “We expect to generate further revenue and earnings growth by continuing our product development focus and entering new segments that we’re not in today. Our goal for fiscal 2013 is to deliver the highest net earnings in Arctic Cat’s 50-year history.”
In fiscal 2013, Arctic Cat anticipates continued gains in its ATV/ROV business, fueled by the growth potential for the Wildcat and Prowler ROV offerings, and many exciting new products being developed. Additionally, the company remains focused on further enhancing profitability through operational efficiencies and a continued focus on cost controls.
Arctic Cat’s fiscal 2013 outlook includes the following assumptions versus the prior fiscal year: ATV North America industry retail sales flat to up 5 percent; ROV North America industry retail sales up 10 to 20 percent; snowmobile North America industry retail sales flat to up 2 percent; Arctic Cat dealer inventories flat to down 5 percent; operating expense levels that are flat to down slightly as a percent of sales; and increasing cash flow from operations. The company expects gross margins to improve between 20 and 60 basis points in fiscal 2013.
For the fiscal year ending March 31, 2013, Arctic Cat is raising its sales guidance to a range of $662 million to $682 million, an increase of approximately 13 percent to 17 percent versus fiscal 2012. Assuming diluted weighted average shares of 14 million, the company now estimates that fiscal 2013 earnings per diluted share will be in the range of $2.55 to $2.65, an increase of 48 percent to 54 percent compared to fiscal 2012. Previously, the company estimated fiscal 2013 earnings per diluted share of $2.40 to $2.50 on sales of $631 million to $650 million.
Conference Call
A conference call is scheduled for 11 a.m. CT (12 p.m. ET) today. To listen to the live call dial 1-800-762-8795. A live webcast may be accessed through the investor relations section of www.arcticcat.com/corporate. In addition, a telephone replay will be available through August 2, 2012, by dialing 1-800-406-7325, pass code 4552191.
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), recreational off-highway vehicles (ROVs) and snowmobiles under the Arctic Cat® brand name, as well as related parts, garments and accessories. Its common stock is traded on the Nasdaq Global Select Market under the ticker symbol “ACAT.” More information about Arctic Cat and its products is available at www.arcticcat.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements. The Company’s Annual Report, as well as the Report on Form 10-K, its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission, the Company’s press releases and oral statements made with the approval of an authorized executive officer, contain forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. The words “aim,” “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that indicate future events and trends identify forward-looking statements including statements related to our fiscal 2013 outlook. Actual future results and trends may differ materially from historical results or those anticipated depending on a variety of factors, including, but not limited to: product mix and volume; competitive pressure on sales, pricing and sales incentives; increase in material or production cost which cannot be recouped in product pricing; changes in the sourcing of engines; interruption of dealer floorplan financing; warranty expenses and product recalls; foreign currency exchange rate fluctuations; product liability claims and other legal proceedings in excess of reserves or insured amounts; environmental and product safety regulatory activity; effects of the weather; general economic conditions and political changes; interest rate changes; consumer demand and confidence; and those set forth in the Company’s Annual Report on Form 10-K for the year ended March 31, 2012, under heading “Item 1A. Risk Factors.” The Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Financial Highlights
(000s omitted, except per share amounts)
(Motor Sports Newswire)

Retail stores news : Retailers Question $7 Billion Swipe Fee Settlement (USA)

A group of retailers have tentatively reached a record $7 billion settlement in a federal antitrust lawsuit against Visa and MasterCard swipe fees, but some merchants are questioning the deal and telling NRF they might reject it.

"The money is significant but money is only temporary – it’s here today and spent tomorrow,” NRF Senior Vice President and General Counsel Mallory Duncan said. “What we need are changes in the rules that bring about transparency and competition that would be here for years to come.”

The agreement announced late on Friday would require Visa, MasterCard and some of the major banks that issue their cards to pay $6 billion to retailers to settle claims that they engaged in price-fixing in the past. Fees would also be lowered for eight months, a move estimated to be worth $1.2 billion.

The settlement does virtually nothing, however, to address future fees. Retailers had hoped to increase competition by blocking Visa and MasterCard from setting a fixed schedule of fees charged by all banks that issue their cards, or to boost transparency by allowing swipe fees to be shown. Neither was done.

The settlement would give merchants the right to impose a surcharge when customers use a higher-fee credit card – a move that theoretically could be a bargaining chip for retailers trying to negotiate lower fees from the card companies. But the mechanism is unlikely to be helpful because it would require a retailer to impose a surcharge on nearly all credit cards, not just the more expensive premium cards retailers seek to discourage.

In addition, the settlement would bar retailers from future lawsuits over swipe fees on either credit or debit cards.

“Fees are going to keep going up because the tools are ineffective,” Duncan said.

Some retail companies have told NRF they are opposed to the proposed settlement and one retail trade association that is a plaintiff in the case – the National Association of Convenience Stores – has already rejected the offer.

“Not only does the proposed settlement fail to introduce competition and transparency into a clearly broken market, it actually provides Visa and MasterCard with the tools to continue to shield swipe fees from market forces,” said NACS Chairman Tom Robinson, president of Santa Clara, Calif.-based Robinson Oil Corp. “This proposed settlement allows the card companies to continue to dictate the prices banks charge and the rules that constrain the market.”

The settlement is subject to approval by a federal judge, who will have to consider objections from merchants and who has yet to rule on the class action status of the suit. NRF has worked extensively on congressional efforts to address swipe fees, but is not a party to the suit. The action was initiated in 2005 by grocers and drug stores and grew to more than 50 lawsuits consolidated in federal court in New York.

(© 2012 National Retail Federation)


New products: Icebreaker Introduces Street-Smart Shorts and Pants

Wellington, New Zealand, Jul , 2012 -

 Bottoms get top billing in Spring/Summer 2013 with Icebreaker’s innovative new collection of merino travel shorts and pants. Fresh Icebreaker styles include crop pants and crop leggings for women, travel pants for men, and Icebreaker’s first-ever woven shorts for both men and women. Icebreaker’s comprehensive new range of bottoms completes Icebreaker’s top-to-toe merino wool layering system, designed for adventures near and far.

Icebreaker is from New Zealand, at the bottom on the world, so it was about time to make bottoms a top priority,” says Rob Achten, Icebreaker Creative Director and Vice President of Product. “Our Journeys travel collection has long offered street-smart tops, cover-ups, dresses and skirts, and new customers can complete their outfits by teaming them with an extensive range of shorts and pants.”

The Journeys Shorts
Icebreaker’s casual shorts have a twill weave and a sophistical, understated design. With 70% merino and 30% cotton for extra durability and shape, they are lightweight, highly breathable and easy care – making them the perfect travel shorts for urban and expedition adventures.

Men can choose from the four-pocket Escape Shorts, which hit above the knee, and the longer cargo-style Seeker Shorts. Women can choose from the Via Shorts and the longer Vista Shorts, which can be rolled up to a custom length.

The Journeys Pants
Men’s new Escape Pants feature an internal draw-cord waist, roomy front pockets and a relaxed fit. With a comfy waistband and a relaxed fit, women’s Villa Crop Pants are the ideal airplane pants, while the versatile Villa Crop Leggings can be teamed with a dress, skirt or tunic.

All pants styles have a touch of LYCRA®, for great stretch and recovery.

About Icebreaker
Launched in 1994, Icebreaker was the first company in the world to develop a merino wool layering system for the outdoors. It was also the first outdoor-apparel company in the world to source merino directly from growers, a system it began in 1997. Icebreaker merino clothing for the outdoors, technical sports and lifestyle includes underwear, mid-layer garments, outerwear, socks and accessories for men, women and children. Icebreaker is based in Wellington, New Zealand, and is sold in more than 3,000 stores in 43 countries. See icebreaker.com for more information about Icebreaker, and jeremymoon.me for more information on Icebreaker founder and CEO Jeremy Moon.

Contact: Julie Atherton
JAM Media Collective

New products: Superfeet Appeals to Outdoor Market with Release of Supportive Merino Wool Insole

Insole Offers Outdoors Enthusiasts Improved Foot Support and Thermoregulation
Superfeet Worldwide Inc. will introduce its second Merino wool insole, merinoGREY™, at the 2012 Outdoor Retailer Summer Market tradeshow August 2-5th in Salt Lake City, UT.
At the same time, the company’s first Merino product, woolyWHITE, will undergo a name change to merinoWHITE™ to emphasize the beneficial qualities Merino wool brings to the line.

“Wool isn’t just for winter anymore, especially Merino,” says Superfeet Product Manager Dan Wakeland.  “Its ability to naturally wick moisture, regulate temperature and resist odor make it an exceptional material for insoles.  The wool we use has a crimped fiber structure that traps large quantities of air, reducing heat conduction and creating great insulation from both heat and cold.  This helps create a performance product that works year-round.”

MerinoGREY is a high-volume insole that reflects the shape and design of the company’s Green model, including a deep heel cup to naturally support the foot and provide maximum shock absorption.
Superfeet VP Sales Brad Parry believes the combination of these characteristics will appeal to previously untapped segments of the outdoor market.  “merinoGREY will add to Superfeet’s already strong penetration in ski, run and hike and further extend our reach into the sportsman, hunting and fishing markets,” says Parry.  “Similar to apparel where Merino wool is being used for all-season clothing base layers, the natural features of the fiber will enhance the outdoorsman’s experience in all weather conditions.”
The release of merinoGREY follows the introduction of the Superfeet woolyWHITE [now merinoWHITE] insole in early 2011.  Both products are available to order and will ship as of August 1st, 2012.  Superfeet can be found at booth #15017 at the Summer OR Tradeshow.

Amanda Norenberg, Media Relations
Superfeet Worldwide Inc.

New products: Buff, Inc. celebrates soaring SUP interest with surf-inspired UV Buffs® at ORSM

Santa Rosa, California, Jul 30, 2012 -  

Celebrating the rise of stand-up paddleboarding across the country – as well as in the outdoor industry – Buff, Inc. is introducing a line of UV Buff® surf styles at the 2012 Outdoor Retailer Summer Market show.

The surge of stand-up paddleboarding (SUP) at Outdoor Retailer includes 28 exhibiting brands, a new SUP zone and paddle tank in the New Product Pavilion, and special events including SUP jousting, sprinting, and SUP-mountain biking.
At the Buff, Inc., booth (#8038), the boom in SUP can be seen in six new UV Buffs® which are ideal for each and every SUP adventure. Made from Coolmax® Extreme, the surfing UV Buffs® effectively protect against 95 percent of harmful UV Rays, while also wicking moisture away from the skin to provide all-day paddling comfort.
“Although the UV Buff® is already a coveted accessory amongst many surfers, we knew that an assortment of styles that celebrated surfing and surf culture would be welcomed with open arms,” said Shirley Choi Brunetti, Vice President and General Manager, Buff Inc.
Designed by Florida-based graphic designer and surfer Rob
McAbee, the six new Buff® styles perfectly capture a variety
of unique surf culture moments, including an iconic “Endless Summer” tribute.
Other new styles include the Glassy UV Buff® and Wave UV Buff®, which celebrate surf swells with vibrant blue and turquoise patterns; the Longboard UV Buff® which features a crisp digital image of the iconic shape; a Sundown Buff® that salutes the classic beachfront sunset; and a Surf Flower UV Buff® which adds a touch of tie-dye style. The new UV Buff® surf styles will be available for $23 in spring 2013.
At Outdoor Retailer, the new UV Buff® surf styles can be seen at the Buff, Inc. booth (#8038).
For more information regarding Buff, Inc., including their complete collection of year- round, multifunctional headwear, please visit www.buffusa.com.

About Buff Inc.: Inc. Buff, Inc., located in Northern California, is a subsidiary of Original Buff®, SA Spain, and established its U.S. presence in 2003. Celebrating its 20-year anniversary, Original Buff® now distributes products in more than 60 countries across the globe. Buff® performance headwear is all about versatility and simplicity – one garment serves many functions. Designed to offer technical performance and protection from the elements during a wide range of outdoor activities and sports, Buff® models are available in hundreds of designs and styles. The new models incorporate technical fabrics such as Polartec®, Coolmax®, Insect Shield®, GORE Windstopper®, and 100-percent natural Merino Wool. Watch how-to- wear demo videos and shop online at www.buffusa.com.

(Drew Simmons, Pale Morning Media, drew@palemorning,com)

Best business opportunities of the day

Our best business opportunities of the day:

Ref : AA010008
Alternative clothing company currently specializing in expression of speech, is looking for distributors in Europe.

Ref : AA010007
The often infamous, Black Flys sunglasses hit the streets in 1991, is looking for distributors in several countries countries:

Ref : AA010006
METAL MULISHA, motorcycles busines is seeking distributors in Europe.

Ref : AA010005
Design oriented watches and sunglasses brand, with a good quality and pricing philosophy, already in a few of the hottest shops in several countries . Distributors Wanted!

Ref : AA010004
Spanish Company from Barcelona with 3 Lifestyle/Streetweare labels is looking for agents or distributors on different countries

More infos and details : www.Sportmondo.com

Business people : EMU Australia appointed Scott Sible as CEO of North America

EMU Australia appointed Scott Sible as CEO of North America. Sible joins the company with an experience of 25 years in the footwear and apparel business. Before joining EMU, Sible retired from Wolverine World Wide as president of Merrell in 2010. Prior to that, he had also held positions with Genesco and Warnaco.
(SportsOneSource Media)

Retail stores ,news: France's Groupe GO Sports Posts Modest Comps Growth in First Half .

Groupe GO Sport, France’s second largest sporting goods retailer, had same-store sales growth of 1.0 percent in the first half ended June 30, its parent company Rallye reported.

Groupe GO Sport consolidated net sales for H1 2012 reached €324.1m ($421 mm), up 1.0 percent on a same-store basis and with constant exchange rates. The company reported that sales at its Courir banner increased strongly for the fourth semester in a row, with a +5.0 percent same-store increase.
Groupe GO Sport operates 120 Go Sport stores in France, 24 in Poland and one in Belgium and 160 Courir stores in France.

GO Sport sales in France slightly decreased, on a same-store basis (-0.6 percent). GO Sport sales in Poland increased by 3.8% on a same-store basis and with constant exchange rates.
Groupe GO Sport EBITDA and current operating income reached respectively €-3.9m ($5 mm) and €-13.7m ($18 mm), down compared to H1 2011 due to the decrease of gross margin. Net financial debt stood at €89.7m ($113 mm) at June 30, 2012, down €17.4m compared to H1 2011 following the capital increase that occurred in May.

Groupe GO Sport reported July 19 that its board of directors decided to appoint a new general manager, Loïc Le Borgne, to implement the next phase of the retailer’s restructuring. The appointment follows the company’s €30m capital raise in May 2012. The round was predominantly subscribed by Rallye and aims to reinforce the Group’s financial structure and “accelerate the commercial dynamic” of both its banners.

(SportsOneSource Media)


Business news : Spy Sales Rise 5% In Q2

Spy’s preliminary net salesfor the quarter ended June 30, 2012 are anticipated to be approximately $9.5 million, an increase of $0.5 million or 5%, compared with total net sales of $9.0 million for the quarter ended June 30, 2011.
Preliminary sales estimates of core SPY® brand products for the quarter ended June 30, 2012 are anticipated to be approximately $9.3 million, an increase of $1.1 million or 13%, compared with core SPY® brand sales of approximately $8.2 million during the quarter ended June 30, 2011.
Preliminary estimates of other sales were approximately $0.2 million during the quarter ended June 30, 2012, consisting of licensed brand products which are no longer a focus of the Company, compared with licensed brand product sales of approximately $0.8 million during the quarter ended June 30, 2011.
“We are pleased to have achieved our 5th consecutive quarter of year over year growth of our core SPY® brand products, including preliminary SPY® brand product growth estimates of 17% in the first half of 2012 compared to the first half of 2011,” said Michael Marckx, President and CEO.

New products : Etnies Announces Kids Footwear Collection

Etnies announced the launch of a shoe collection inspired by Disney Channel’s Emmy Award-winning TV series “Phineas and Ferb.” Available at retailers worldwide beginning with the holiday selling season in October 2012 and continuing with new styles through spring 2013, this new collection of etnies kids shoes for boys and girls will feature characters Phineas, Ferb, Perry the Platypus (aka Agent P), Dr. Doofenshmirtz, Candace and Isabella.

“With characters that skateboard, surf and snowboard, ‘Phineas and Ferb’ is a perfect fit for etnies,” said Mike Regan, Global Brand Director for etnies. “The footwear collection will connect fans of etnies’ action sports lifestyle to this award-winning show and ‘Phineas and Ferb’ viewers with shoes that creatively illustrate the personalities of the characters.”

In creating the Disney “Phineas and Ferb” Footwear Collection by etnies, the designers immersed themselves in “Phineas and Ferb” character details using four classic etnies kids shoe styles: the etnies Kids Fader, etnies Kids Callicut 2.0, etnies Kids Ronin and etnies Kids RVM Vulc. The resulting collection includes six different colorways for boys and girls that feature creative elements inspired by the show such as the etnies Kids Fader’s use of Perry the Platypus’ famous teal color with a graphic of his face on the toe cap and his tail on the heel.

“Phineas and Ferb,” Disney’s Emmy Award-winning and BAFTA-nominated music-filled, animated comedy series for kids, tweens and families, centers around ingenious Phineas Flynn and his resourceful stepbrother, Ferb Fletcher, as they happily set out to conquer boredom and make every day of their 104-day summer vacation count.

For more information on etnies’ Kids product, visit etnies.com or keep up with the brand on facebook.com/etnies.


Legal news :Many exports to Mexico have to include the certification mark of product safety.

Mexican authorities require that a certification mark NOM (Normas Mexicanas Oficiales) found on certain imports, including for example for electronic products. This mark, which certifies that the goods in question meet the specific security requirements, must appear on each product concerned or - in case of a legal alternative - on its packaging.
With the strengthening of customs controls in Mexico imports that do not include the official mark NAME may experience delays at customs clearance and are liable to customs seizures and / or fines. The customs authorities also have the right to refuse entry of such goods within Mexico and to order their return to the shipper's expense.
We therefore advise all shippers and other electronic products to Mexico to ensure that all goods are in accordance with the instructions and marking NAME before arranging shipment.
The main types of product to include a certification mark NAME:

Hairdressing equipment (dryers and hair irons for example)
Computer keyboards and power adapters
Spare parts for printers
Digital video cameras
Rechargeable batteries for cell phones and laptops
Plastic bags and covers for cell phones
Wristwatches plastic
Plastic belts
Costume jewelery
Additional information is available at the following sites (in Spanish only):Normas Mexicanas Oficiales: 

http://www.economia-noms.gob.mx/noms/inicio.doServicio de Administracion Tributaria (SAT):

(Source FEDEX)

Business news : Fivefingers to be Advertised on London Buses .

Vibram is launching an outdoor ad campaign on London buses to promote its Fivefingers as a training shoe in advance of the Olympic Games, according to reports in the U.K. The ‘Train With’ campaign targeting Central London on bus super-sides will run from July 24 coincide with traffic around the 2012 Olympics.

The branded buses will be on the road for four weeks, with the objective of increasing awareness of the brand during the Olympic period; capitalizing on the athletic focus and the increased tourism in the capital.(SportsOneSource Media)

Retail News : Aktiesport Shop-in-shops (NL), Now in 11 Scapino Stores

 Macintosh Retail Group has installed Aktiesport shops in 11 of its Scapino stores as part of a strategic alliance announced with the online discounter of sporting goods in May. The alliance calls for rolling out Atkiesport shop-in-shops in a large number of Scapino’s stores by the end of 2013.
Both companies are based in The Netherlands, where Atkiesport has emerged as a major discounter of sporting goods, including athletic footwear, apparel and wintersports gear.

Macintosh reported Wednesday that sales reached €423.4 million in the six months ended June 30, up 7.1 percent from the first half of 2011. The retailer swung into the red, however, as it reported a net loss of €8.9 million compared to a profit of €800,000 in the year earlier period.

“Over the past few months, we have continued to invest in the appeal of our offline and online stores, and in providing cross-channel facilities to consumers. Unfortunately, this long-term approach coincided with the reality of today’s economic environment of consumer caution and historically low confidence,” said Frank De Moor, CEO for Macintosh Retail Group. “And with spring weather unwilling to cooperate, which created little or no incentive for consumers to buy summer shoes or lawn furniture, the first half of 2012 proved to be an extremely challenging period for achieving success as a retailer in Fashion and Living.”
Macintosh operates 880 shoe and 113 home furnishing stores in the Benelux and United Kingdom. It sell shoes under the Brantano, Dolcis, Invito, Jones Bootmaker, Manfield, PRO 0031, Scapino and Steve Madden brick-and-mortar banners and online through its Intreza and Nea International units.

(SportsOneSource Media)

New products: Sierra Designs introduces ExoFusion™ tent technology, creates the next generation in ultralight tents.

BOULDER, COLO., Jul 26, 2012 -
Sierra Designs introduces ExoFusion™ tent technology, creates the next generation in ultralight tents
External pole design, integrated rain fly, and superior ventilation work together, simplifying set up, cutting weight, and enhancing performance

BOULDER, COLO. (For Immediate Release) – Sierra Designs, leading innovator of outdoor gear and apparel since 1965, is introducing ExoFusion™ tent technology for 2013, helping ultralight backpackers shave weight and speed tent set-up while maintaining comfort, performance, and convenience.

Designed with external pole configurations, an integrated fly, and superior ventilation capabilities, ExoFusion™ tents are fast to pitch, weigh less, set up dry even in a downpour, and keep backpackers comfortable.  The ExoFusion™ series includes the Mojo, Mojo UFO, and Flash tents, on display at the Outdoor Retailer Trade Show in Salt Lake City this August (booth #28017).

“We believe that ‘ultralight’ and ‘comfortable’ do not need to be mutually exclusive concepts,” said Michael Glavin, Vice President for Sierra Designs.  “It is our goal to create outdoor gear that combines the two and ExoFusion™ is our next step in developing backcountry shelters that weight less, set up faster, and offer more internal space.  All you have to do is take one of these shelters on a backcountry overnight to see what I mean.”
For those who are truly obsessed with ultralight gear, space-age materials, and technical designs, we offer the Mojo UFO.  Made with carbon fiber poles and the insanely light, virtually indestructible Cuben Fiber, the Mojo UFO weighs a scant 1-lb, 11-oz and will stand up to just about anything you can dish out.  This shelter will be available in limited quantities and retail for $1799.

Ultralight meets ultra-roomy in our new for 2013 Flash tents.  Featuring our new ExoFusion™ technology, our Flash Tents offer all the ease and speed of external pitch combined with steep walls and an integrated fly design to give you a spacious, well-ventilated refuge in a matter of seconds.  Two doors and two vestibules make accessing the outdoors and stashing gear as easy as ever.  Available as the Flash 4 ($449; 5-lbs, 12-oz), Flash 3 ($389; 4-lbs, 13-oz), and Flash 2 ($339; 3-lbs, 15-oz).
Our Mojo 2 and Mojo 3 tents employ ExoFusion™ technology to blend the best aspects of single and double wall tents.  Enjoy the ease of external pitch, the light weight of an integrated fly, and the breezy air circulation of advanced ventilation design.  The Mojo 2 ($399; 2-lbs, 11-oz) and Mojo 3 ($449; 3-lbs, 8-oz) are currently available at retail.
About Sierra Designs:
Founded in 1965 at the beginning of the golden age of backpacking and climbing, Sierra Designs draws on an extensive heritage to create innovative, technologically-advanced outdoor equipment to compliment any active, outdoor lifestyle. With years of experience designing best in class tents, sleeping bags, apparel, packs and gloves, Sierra Designs has been to every corner of the world, from the highest peaks in the Himalaya to the campground down the road. Whether you’re an ultralight hiker, world-class mountaineer, or recreational camper, Sierra Designs has you covered. (www.SierraDesigns.com).

Scott Kaier
Sierra Designs

Business news :Luxottica Reports U.S., Emerging Markets Sustained Growth in Q2

Luxottica achieved positive results in the majority of the geographic areas in which it operates, with excellent performance in North America, Australia and all emerging countries. The Italian company said its Oakley and Ray Ban brands continued to grow at double-digit rates, propelled in part by strong growth in much of Europe.

In the second quarter ended June 30, the Group's net sales rose by 15.2 percent at current exchange rates (+7.0 percent at constant exchange rates), increasing from 1,633.5 million Euros ($2,351 mm) to 1,882.2 million Euros ($2,412 mm). During the half-year, revenue grew by 15.1 percent (+9.0 percent current exchange rates2) to 3,670.4 million Euros ($4,759 mm) compared to 3,189.6 million Euros ($4,476mm) during the same period in 2011).
“This year, we have arrived at the half-way point very satisfied. In a very challenging period, we managed to grow our business by 15 percent with respect to last year. Our profitability grew in a more than proportional manner and once again we generated approximately 180 million Euros of free cash flow,” commented Andrea Guerra, Chief Executive Officer of Luxottica. “We worked in a determined manner in all of the geographic areas in which we operate, achieving the objectives which we had pre-established. A balanced business model and a global geographic presence are the two pillars which have underpinned performance through today.
"During these months, we recorded significant growth in the United States. All of our divisions contributed substantially to these results," Guerra continued. "The organizational changes we have made over the years are paying off. In particular, Sunglass Hut once again increased sales of 11.7 percent on a comparable store sales5 basis. Sunglasses are a key driver of business growth in the United States for Luxottica. Despite the fact that the U.S. market is smaller and less mature as compared to Europe, it keeps growing.
In emerging markets, sales grew 35 percent in the first half of the year. We are growing our business everywhere and continuing to invest in order to transform our presence in an increasingly structural manner, in particular in China, India, Brazil, Mexico and Eastern Europe.

European market dichotomy

In Western Europe, the macroeconomic climate is different. During the first six months, we succeeded in delivering positive sales results once again (+1 percent). Performance can be divided into the following three parts: Continental Europe very good. France remained positive. Mediterranean Europe negative.
In Australia, OPSM achieved favorable comparable store sales results as compared to 2011. We are confident that these half-year results constitute a solid foundation for reaching our full-year 2012 objectives, although 2012 is clearly harder to predict”.
EBITDA for the second quarter of 2012 rose by 18.1 percent over the same period in 2011, going from 352.2 million Euros in 2011 to 415.9 million Euros in the current period. Additionally, adjusted EBITDA for the first half of 2012 reached 761.2 million Euros an increase over the 635.1 million Euros recorded for the same period in 2011.
Operating income for the second quarter of 2012 amounted to 332.6 million Euros (276.8 million Euros during the same period of the previous year, +20.2 percent). The Group's operating margin grew even further rising from 16.9 percent in the second quarter of 2011 to 17.7 percent in the current quarter.
During the first sixth months of the year, adjusted operating income amounted to 590.6 million Euros, up by 22.0 percent as compared to 484.2 million Euros in the same period of 2011. The Group’s adjusted operating margin3,4 therefore rose from 15.2 percent during this period in 2011 to 16.1 percent in the first half of 2012.
Net income for the second quarter of 2012 increased to 195.5 million Euros ($250 mm), up 20.6 percent compared to 162.1 million Euros ($233 mm) a year earlier. That resulted in EPS (earnings per share) of 0.42 Euros (at an average €/US$exchange rate of 1.2814). EPS in US dollars was 0.54 US$ in the period. Also in the second quarter of 2012, the strict control of working capital enabled Luxottica to accumulate significant free cash flow in the amount of 180 million Euros for the quarter as compared to 154 million Euros of the same period of 2011. After having paid dividends during the quarter of approximately 227 million Euros, net debt as of June 30, 2012 was 2,164 million Euros (2,032 million at the end of 2011), with the ratio of net debt /adjusted EBITDA4 at 1.7, in line with expectations.

Wholesale division
The wholesale division achieved record results. Net sales registered in the second quarter 2012 are the best in the Group's history.
In terms of sales performance in Luxottica’s key markets, results in North America and the emerging markets stand out, and in particular, in China, India, Brazil, Mexico and Eastern Europe. Very sound results were also achieved in Continental Europe and in particular in the UK, Germany and Nordic countries. Performance continued to be positive in France while it was negative in Italy and Spain.
This significant growth in the wholesale division is primarily due to the increasingly close relationship with clients and to the excellent reception of new collections. Our brand portfolio had a fundamental role in achieving these results: Ray-Ban, Oakley and the premium and luxury segment continued their double-digit growth trend in percentage.
Net sales for the wholesale division reached 788.2 million Euros from 704.0 million Euros in the second quarter of 2011 (+12.0 percent at current exchange rates and +8.4 percent at constant exchange rates). On a half-year basis, net sales were 1,515.0 million Euros, improving by 12.6 percent at current exchange rates (+10.1 percent at constant exchange rates2) as compared to 1,345.1 million Euros in the first half of 2011.
Operating income grew to 207.7 million Euros, from 188.5 million in the second quarter of 2011 and the operating margin was 26.4 percent. In the first half of 2012, the operating margin was equal to 25.1 percent (25.0 percent in the corresponding period of last year).

Retail divisionDuring the course of the second quarter, the growth trend continued in the retail division, in particular for Sunglass Hut and Oakley in North America and GMO in Latin America. Net sales for the division equaled 1,094.0 million Euros (929.6 million Euros in the second quarter of 2011, +17.7 percent at current exchange rates and +5.9 percent at constant exchange rates2).
For the first six months of 2012, net sales were 2,155.4 million Euros, improving by 16.9 percent with respect to 1,844.5 million Euros in the first half of 2011 (+8.2 percent at constant exchange rates).
The division's operating income went from 129.8 million Euros in the second quarter of 2011 to 169.5 million Euros in the same period in 2012 and the operating margin accordingly grew to 15.5 percent from 14.0 percent for the period. On a half-yearly basis, the adjusted operating margin was equal to 13.6 percent (12.3 percent in the first half-year of 2011).
LensCrafters experienced a quarter full of ups and downs. The implementation of a new IT platform generated a temporary slowdown in store transactions, which was fully accounted for in the Division’s forecast for the period. The quarter ended with an increase in comparable store sales of approximately 1 percent. For the first six months of 2012, LensCrafters profitability was the best as compared to recent years.

Sunglass Hut on a tear
Once again, Sunglass Hut performance was exceptional. The Group’s sun specialty chain that operates in a number of geographic areas posted overall comparable store sales5 improving by 10.6 percent in the second quarter, with particularly positive performance in North America, emerging markets, South Africa and Australia.
In Australia, the plan to develop OPSM and the reorganization of smaller retail brands have contributed to the division’s positive results. The quarter ended with growth in total OPSM net sales of 6.3 percent, despite store closings in the region, and comparable same store sales5 increasing by 8.0 percent in the period.
The Luxottica optical retail business in the region grew in profitability by 23.6  percent during the second quarter of 2012 as compared to results generated by this business in the same period of 2011.

(SportsOneSource Media)

Legal news : Important tax changes for India !

Consequently, all export shipments from India are now subject to a service tax of 12.36% on the total value of the invoice. These shipments billed to shippers located in India continue to be taxed at 12.36%.

As a customer, you have to pay an Indian service tax amounting to 12.36% if you are based outside of India and you pay the shipping cost of your exports from India. This change applies to all shipping bills charged from 1 July 2012, regardless of the date of shipment.

Indian customs authorities have recently announced the establishment of this new regulation. FedEx will conform and adapt its billing system accordingly as quickly as possible. Because of the rapidity of this change, our customers located abroad may encounter some delays billing for shipments from India affected by the rules.

(Source FEDEX)

Retail news : Skechers Slashes Q2 Loss

Skechers USA narrowed its loss in its second quarter, to $1.8 million or 4 cents a share, from $29.9 million, or 62 cents, a year ago. Revenues were down 11.6 percent to $384.0 million compared to $434.4 million in the year-ago quarter. Ongoing inventory correction actions offset growth a its company-owned retail stores and in many of its heritage lines, as well as the Performance division.
(SportsOneSource Media)

Business news : Crocs' Q2 Earnings Climb on 12 Percent Sales Gain

Crocs, Inc. reported revenue for the second quarter of 2012 increased 12.0 percent to $330.9 million, over revenue of $295.6 million reported in the second quarter of 2011. Net income for the second quarter 2012 was $61.5 million, or 68 cents per diluted share, compared to net income of $55.5 million, or 61 cents per diluted share, in the second quarter of 2011.

Sales growth during the quarter was driven by Asia and Americas which was partially offset by a modest decrease in Europe. Geographically, revenue increased 10.9 percent for the Americas, increased 20.5 percent for Asia and decreased 5.2 percent for Europe.

From a channel perspective, wholesale sales increased 7.3 percent to $188.5 million, over sales of $175.8 million in the second quarter of 2011. Retail sales increased 22.6 percent to $112.5 million, over sales of $91.8 million in the second quarter of 2011. The company ended the quarter with 484 retail store locations, which compares to 397 locations a year ago. Global same store sales for the second quarter of 2012 increased 1.8 percent on a currency neutral basis. Internet sales increased 6.6 percent to $29.9 million, over sales of $28.1 million in the second quarter of 2011.

John McCarvel, President and Chief Executive Officer, stated: "We're pleased with our ability to deliver profitability that exceeded our second quarter projections despite some challenges in certain areas of our business. Conditions in Europe, including currency headwinds, and slower than expected retail sales in the Americas resulted in slightly lower growth than expected. We are very encouraged by continued strong growth of Asia, sell through of our products in key wholesale accounts, our international retail performance, all driven by customer enthusiasm for our new products."


Gross profit for the second quarter of 2012 increased 15.2 percent to $196.1 million, or 59.3 percent as a percentage of sales, from $170.2 million, or 57.6 percent as a percentage of sales in the same period last year. Selling, General, & Administrative expenses (SG&A) increased 15.0 percent to $124.7 million versus $108.5 million a year ago. As a percentage of sales, SG&A was 37.7 percent compared to 36.7 percent in the second quarter of 2011.

Balance Sheet

Cash and cash equivalents at June 30, 2012 increased 54.9 percent to $278.8 million compared to $180.0 million at June 30, 2011. Inventories at June 30, 2012 were $166.0 million, up 6.1 percent compared to inventories at June 30, 2011 of $156.5 million.


Backlog at June 30, 2012 increased 2.7 percent to $172.6 million compared to backlog of $168.1 million at June 30, 2011. On a constant currency basis, backlog is up approximately 6 percent over 2011.


For the third quarter of 2012, the Company expects revenue of $300 million and diluted earnings per share to be between $0.42 and $0.44.

John McCarvel, continued: "Based on our year to date results, the increasing count of retail stores and the strength of our wholesale business, we are projecting that we will finish 2012 with US dollar revenue growth of about 14 percent over 2011, which on a constant currency growth represents 17.5 percent, inline with our previous guidance. For the first half of the year, we earned $0.99 per diluted share and we now project earnings to be between $1.50 and $1.54 per diluted share for the full year. We believe the diversification in our business model, global presence and product breadth provides the platform for continued sales growth and earnings expansion."

(SportsOneSource Media)

Business news : The Antigua Group, Inc., well known in the golf apparel, announced its entrance into the tennis market.

 The Antigua Group, Inc., well known in the golf apparel, sports licensing and casual wear business for over 30 years, announced its entrance into the tennis market with a line of men's and women's performance apparel. Designed with an emphasis on both contemporary styling and high-tech performance, the lines feature Antigua's Desert Dry and Desert Dry Xtra Lite (D2XL) technical fabrics to help players compete at their best under all conditions. The Fall line will be available prior to this year's U.S. Open.

"Tennis has experienced a rebirth over the past decade; it's one of the few sports that's seen its participation numbers increase, so we're happy to enter the market during this upward trend," said Ron McPherson, president and CEO of Antigua Group. "Our tennis apparel will appeal to all players, from the fashion conscious to weekend warriors looking for an edge. And, as we do in golf, our tennis line will have the added benefit of our custom embroidery skill set and in-stock inventory business model."

Known amongst golf retailers for its high quality custom embroidered apparel offered with small minimums and quick lead times, Antigua brings this unique expertise to tennis apparel retailers and tennis tournaments across the country. All Antigua tennis apparel sold at retail features the retailer's logo, and all tennis apparel sold at tournaments would feature the tournament's logo. This was the case in April when Antigua began its journey into tennis by becoming the 'Official Apparel' of the WTA Tour's Family Circle Cup (FCC) in Charleston, South Carolina. Antigua provided over 2500 units of apparel and headwear to tournament officials, ball kids, and volunteers. Antigua also sold tournament logoed apparel on site.

"Antigua's experience handling tournaments was immediately apparent," said Bob Moran, FCC General Manager. "They delivered, both early and smoothly, exceptional quality tennis apparel for us all. We're looking forward to working with them again in 2013."

Antigua's initial line of tennis apparel features its proprietary Desert Dry™ and Desert Dry™ Xtra Lite (D2XL) technologies. "D2XL is tailor made for tennis because of its ability to help rapidly wick away moisture," said Sean Gregg, Director of Product Development. "It's also extremely light, which gives tennis players a more flexible feel and allows heat to dissipate more quickly." 

Online Retail Store Now Open to Tennis Fans and Players

Antigua's 'Shop.Antigua.com' website is up and running now for tennis fans to see and purchase some of its tennis apparel. Unlike what will be sold at retail, this apparel is solely branded with the Antigua logo. "We realize not all fans have a convenient tennis shop nearby, so we offer Antigua apparel via our website," said McPherson. "When the full line is available, we'll add some additional pieces to the website. Tennis fans can purchase our outerwear and accessories online as well."

(SportsOneSource Media)

New products :Black Diamond Equipment Reinvents Innovation With Spring 2013 Collection

Salt Lake City, Utah, Jul 26, 2012 -
Black Diamond Equipment, a leading global innovator in climbing, skiing and mountain sports equipment, is pleased to announce the debut of several revolutionary products at next week’s 2012 Outdoor Retailer Summer Market in Salt Lake City, Utah, from August 2-5.

“More than ever, our 2013 spring collection reaffirms our commitment to innovation within our core product categories,” explains Ryan Gellert, President of Black Diamond Equipment. “Our extensive R&D process, lab time and field testing continues to benefit BD in terms of our team’s ability to understand the needs of climbers, skiers and mountain athletes by bringing to market the most relevant, thoughtfully-designed and high performance gear.”

Continuing to lead the way in headlamp technology, Black Diamond Equipment will introduce a revolutionary “hybrid power” headlamp, the ReVolt, a full-featured, no-compromise light that utilizes either rechargeable power (via USB) or traditional alkaline batteries. The 110-lumen ReVolt recharges via a USB cable that can be plugged into anything from a computer to a solar charger to the USB input on a car stereo. The dynamic ReVolt is built with one TriplePower LED, two SinglePower LEDs, two SinglePower red LEDs and a battery level/charge status indicator. Settings include: full strength in proximity and distance modes, dimming, strobe, red night vision and lock mode. The ReVolt will retail for $59.95.
“The Black Diamond ReVolt Headlamp marks a paradigm shift for versatility in a rechargeable headlamp, capable of being powered by rechargeable as well as standard batteries,” states Dough Heinrich, Director of Line Planning for Black Diamond Equipment.

 Debuting in Black Diamond Equipment’s climbing category is the newest member of their standard-setting Camalot family, the Camalot X4. The X4 offers more expansion range than any other small cam, thanks to its double-axle design and patent-pending Stacked Axle Technology. Additionally, its innovative internal cam springs allow the head width to be ultra-narrow and fit into tighter, trickier placements. The cam’s unique armored cable stem is designed to be flexible yet extremely durable, and the lightweight, color-coded Dyneema sling makes for easy identification. The Camalot X4 comes in 6 sizes (.1, .2, .3, .4, .5, .75) and will retail for $69.95 each.
Also new from Black Diamond Equipment in the climbing category for Spring 2013, is one of the lightest, most comfortable and breathable climbing helmets ever made, the Vapor. The Vapor weighs in at just 186 grams and features massive ventilation ports and a highly adjustable padded suspension system. Without sacrificing any protection, the Vapor construction incorporates a sheet of Kevlar and carbon rods are sandwiched between layers of co-molded EPS foam to minimize the weight. The Vapor will be available in two sizes and retail for $139.95.
“With each new product, we aim to push the standards of design,” states Gellert. “BD was founded on a passion for innovation, and that tradition continues today.”
Riding a wave of momentum into the 2012 Outdoor Retailer Summer Market, Black Diamond Equipment was awarded the OutDoor Industry GOLD Award for the women’s Ultra Mountain FL trekking pole at the 2012 OutDoor show in Friedrichshafen, Germany. The Camalot X4 and Vapor also collected awards in the climbing equipment and helmet categories. Black Diamond Equipment’s entire S13 collection, including the ReVolt, Camalot X4 and Vapor, will be on display throughout the 2012 Outdoor Retailer Summer market at the Black Diamond Equipment booth #7015.

About Black Diamond Equipment:
Celebrating its 22nd Anniversary, Black Diamond Equipment, Ltd. is a manufacturer of equipment for climbing, skiing and mountain sports. By consistently building innovative, standard-setting products and actively preserving the mountain/canyon environment, Black Diamond Equipment has assumed a leadership role in the international outdoor community. For more information on Black Diamond Equipment visit BlackDiamondEquipment.com

John L DiCuollo
Backbone Media, LLC
970.963.4873 x118 (o)

Business news : Columbia Sportswear Trims Losses in Q2

Columbia Sportswear Co. reported sales increased 8 percent in the second quarter, to $290.4 million, compared with $268.0 million a year ago. 

Net sales of the Columbia Brand grew 9 percent, or twice the rate of premium sister brand Mountain Hardwear. That growth offset a decline for Sorel.
Columbia's net loss shrunk to $7.9 million, or 23 cents a share, from a loss of $13.6 million, or 40 cents, a year earlier.

Changes in currency exchange rates reduced the reported sales increase by 1 percentage point.

Tim Boyle, Columbia's president and chief executive officer, commented, "Second quarter sales growth reflected improved operational execution and supply chain capacities which allowed us to deliver a larger portion of our international distributors' Fall 2012 advance orders in the second quarter. We are also in good position entering the third quarter to fulfill wholesale customers' orders on a timely basis because we have received Fall 2012 inventory earlier this year. Second quarter sales were also strong in Japan and in our U.S. direct-to-consumer business. Continued focus on expense management, reflected by lower SG&A expense, more than offset lower gross margins, resulting in meaningful improvement in our second quarter financial performance."

Boyle continued, "Based on our performance through the first half of 2012, and despite increasing macro-economic headwinds in key markets, we are reaffirming our full year guidance for 2012 sales growth of up to 1 percent, and operating margins to approximate the 8.1 percent operating margins achieved in 2011. While we recognize the higher degree of uncertainty posed by today's macro-economic conditions, we remain focused on innovation, operational execution and expense control as we position our brands for renewed sales growth and improved profitability."

Second Quarter Results
Net sales in the U.S. increased $3.1 million, or 2 percent, to $132.1 million; Latin America/Asia Pacific (LAAP) region net sales increased $7.5 million, or 10 percent, to $84.1 million, including a 1 percentage point negative effect from changes in currency exchange rates; Europe/Middle East/Africa (EMEA) region net sales grew $16.4 million, or 31 percent, to $70.0 million, including a 2 percentage point negative effect from changes in currency exchanges rates; partially offset by a $4.6 million, or 52 percent, decline in net sales in Canada, including a 1 percentage point negative effect from changes in currency exchanges rates. (See "Geographical Net Sales" table below.)

Apparel, Accessories & Equipment net sales increased $22.9 million, or 11 percent, to $240.9 million. Footwear net sales of $49.5 million were down 1 percent. (See "Categorical Net Sales" table below.)

Columbia brand net sales increased $21.6 million, or 9 percent, to $260.7 million, accounting for nearly all of the growth in the quarter.

Balance Sheet
The company ended the second quarter with $228.5 million in cash and short-term investments, compared with $298.3 million at June 30, 2011.

Consolidated inventories totaled $523.1 million at June 30, 2012, compared with $422.0 million at June 30, 2011. The increase was primarily attributable to a higher composition of Fall inventory, due in part to earlier receipts of Fall 2012 production. Higher average unit costs and changes in product mix accounted for almost all of the inventory dollar increase; unit volumes were up a low-single digit percentage compared to one year ago.

Reaffirmed 2012 Financial Outlook
The company continues to expect sales growth of up to 1 percent in fiscal 2012 and operating margin (including restructuring charges of approximately $4.0 million recognized in the first quarter of 2012) comparable to the 8.1 percent operating margin achieved in fiscal 2011. Full year gross margins are expected to contract approximately 30 to 50 basis points, offset by slight SG&A expense leverage.

The company expects a mid-single digit decline in third quarter net sales, primarily due to the timing shift of shipments to distributors in the second quarter and an anticipated decline in third quarter wholesale net sales, partially offset by higher direct-to-consumer sales. Third quarter gross margin is expected to decline approximately 25 basis points and anticipated flat SG&A expense is expected to result in SG&A deleverage of approximately 125 to 150 basis points, resulting in third quarter operating margin contraction of approximately 150 to 175 basis points.

The company's annual net sales are weighted more heavily toward the second half of the fiscal year, while operating expenses are more equally distributed, resulting in a highly seasonal profitability pattern weighted toward the second half.

Share Repurchase Program

During the second quarter of 2012, the company repurchased approximately 4,480 shares of common stock at an aggregate purchase price of $206,000. Approximately $59 million remains under the current repurchase authorization. The repurchase program does not obligate the company to acquire any specific number of shares or to acquire shares over any specified period of time.

The board of directors authorized a third quarter dividend of $0.22 per share, payable on August 30, 2012 to shareholders of record on August 16, 2012.

(SportsOneSource Media)