Business news :Amer Sports supercharges its business in the Americas with advancements in its sales, marketing and commercial leadership

Ogden, UT, Apr 29, 2013 -
As a strategy to ensure robust sales acceleration and to support long term targets, Amer Sports Americas (ASA) is announcing a number of key promotions within its organization, specifically within top-level sales and commercial director positions.

“Over the last several years Amer Sports Americas has continued to drive sales and market share gains,” says Amer Sports Americas President and General Manager Mike Dowse. “We now have an opportunity to evolve our organization to allow for even greater success moving forward.”

Nora Stowell has been promoted to a newly-established role as vice president of sales for Amer Sports in the United States in all categories of Salomon, Suunto and Atomic. Nora has served successfully as Suunto North America’s vice president and commercial director for the last three years, and as Salomon USA’s director of apparel and gear for three years prior to her role at Suunto.

“Nora has an established track record with the company having initially driven Salomon apparel to profitability and then most recently growing Suunto sales by double digits during her tenure,” says Dowse. “Nora is a proven and well-respected leader within Amer Sports and the industry.”

In Stowell’s new role as vice president of sales for Amer Sports in the United States, she will be championing go-to-market priorities by leading national sales managers, including:
·    Denny Hochwender, National Sales Manager, Salomon Footwear
·    Donna Williams, National Sales Manager, Salomon Apparel
·    David Grayson, National Sales Manager, Suunto
·    Erik Anderson, National Sales Director, Salomon and Atomic Winter Sports Equipment

Stowell will also be influential in working with the new, yet-to-be-appointed commercial manager for Arc’teryx USA and will continue in her capacity as vice president and business director of Suunto USA until a replacement is hired.

Another key promotion within the company is that of Atomic USA’s former national sales and marketing director, Jordan Judd.  After five years of successful sales and marketing leadership with Atomic USA, Judd has advanced within Amer Sports Americas to become the new vice president and regional commercial director for Salomon apparel and gear in North America.

“Jordan has been the driving force in transforming Atomic to arguably one of the hottest brands in the winter sports industry and has a keen ability to tap consumer insights and position brands with a unique competitive edge which will help solidify Salomon’s success in the apparel and gear marketplace,” says Dowse.

Erik Anderson has been promoted to the newly-created position of winter sports equipment national sales director for Amer Sports in the United States. He is responsible for leading the Atomic and Salomon alpine and Nordic hardgoods sales forces.  A regional sales manager will also be hired to assist Anderson in ensuring that sales reps for both brands have the resources they need to be successful.
 
“With Erik’s robust experience with dealers, buying groups, media, and associations, he will be able to lead our sales representatives in leveraging and maximizing our portfolio of winter sports equipment brands,” says Dowse. 

In conjunction with this change, current commercial directors for the United States will now take on new North American regional roles to include Canada.  Included in the roster of commercial directors for North America in their respective categories are:
·    Mike Adams: Vice President and Regional Commercial Director of Salomon and Atomic Winter Sports Equipment North America
·    Jeff Larsen: Vice President and Regional Commercial Director, Salomon Footwear North America
·    TBD: Vice President and Regional Commercial Director, Suunto North America
·    Jordan Judd: Vice President and Regional Commercial Director, Salomon Apparel and Gear North America

Current roles within Amer Sports in the United States including product managers, merchandise managers and commercial managers will continue to report into the category leaders above. These similar roles in Canada will also work with these category leaders as well as with Amer Sports Canada General Manager Dave Deasley. 

AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Precor, Suunto and Mavic. The company's technically-advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the NASDAQ OMX Helsinki stock exchange.

Contact: Hilary Hutcheson, PR Manager / hilary@outsidemedia.com (503) 828-7074

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Business news : K-Swiss Announces Stockholder Approval of Merger with E.Land

K•Swiss Inc. announced that, at a special meeting of stockholders held earlier Friday, its stockholders approved the merger agreement with E.Land World Limited.

As part of the agreement, K•Swiss will become an indirect wholly-owned subsidiary of E.Land.

Approximately 94.6 percent of the voting power of the Company voted in favor of the adoption of the Merger Agreement. The affirmative vote of 80 percent of the aggregate number of votes eligible to be cast by the holders of K•Swiss’ Class A common stock and Class B common stock, voting together as a single class, at the special meeting, was required to adopt and approve the Merger Agreement. K•Swiss’ stockholders, also approved at the special meeting, on an advisory, non-binding basis, compensation that may become payable to the Company’s named executive officers as a result of the merger.

K•Swiss currently anticipates closing the merger on or about April 30, 2013, subject to the satisfaction or waiver of the other previously disclosed closing conditions.

Goldman, Sachs & Co. is acting as financial advisor to K•Swiss, and Gibson, Dunn & Crutcher LLP is acting as legal advisor. Morgan Stanley & Co. is acting as financial advisor to E.Land, and Linklaters LLP is acting as legal advisor.

Source K-Swiss through SportsOnesource

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Business news : Chaparral Boats, Inc. announces entrance into the jet boat market

Nashville, GA - Chaparral Boats, Inc. announced a supply agreement today with Bombardier Recreational Products (BRP) to power a planned new line of jet boats, slated for introduction later this year.

“BRP is excited to begin this relationship with Chaparral Boats, a company with a proud heritage, excellent reputation and one that shares our commitment to the marine industry,” said Alain Villemure, Vice President and General Manager of BRP’s Marine Propulsion System division.

“BRP’s Rotax 4-TEC in-board jet propulsion system is a proven power source and the perfect complement to Chaparral’s award-winning line-up of boats.  We believe that this strategic relationship promises to deliver consumers a best-in-class boating experience that’s supported by an outstanding dealer network.”

Chaparral, a company noted for its design innovation, plans to enter the jet market with the same enthusiasm. “We’ve got exciting styling, performance and quality innovations on the way,” said Chaparral Founder, Buck Pegg “We are excited about the developments we have planned.”

“Our decision to move into jet propulsion expands our fleet and is in keeping with our strategy to bring new people into boating by offering Chaparral quality and style at value-minded prices,” said Jim Lane, Chaparral President. “Our brand is already associated with luxury family sport boats, sport yachts, cruisers, and through our Robalo line, sport fishing boats. The move into jet power is a perfect fit.”

Lane sees Chaparral’s new jet boats as an added profit center for its dealer network while also offering the company a chance to expand its reach into new markets.

Chaparral Boats Inc.

Business news : Honda Reports Q4 2012-2013 Results – North American Motorcycle Sales Up 25%

Honda reported sales of 15.5 million motorcycles for its fiscal year ended March 31, 2013. That marks a 2.8% increase from the 15.1 motorcycles sold the previous fiscal year. Sales were particularly strong in North America where Honda reported a 25% increase in motorcycles sold.

The company’s motorcycle operations generated net sales of 1.34 trillion yen (US$13.7 billion) for the year, down slightly from 1.35 trillion yen. You know you’re dealing with a big company when it counts its sales in billions of yen – and still needs to use a comma. Overall, including its automotive and power products businesses, Honda reports a net profit of 75.7 billion yen (US$772.9 million), up from 71.5 billion yen the previous year.

Honda did especially well in the North American market, reporting sales of 250,000 motorcycles (Honda includes scooters and ATV sales in this figure) compared to 200,000 in the previous fiscal year. New models such as the Gold Wing F6B, CRF250L and CRF110 helped spur on sales in North America. Continue Reading »

By: Dennis Chung


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New product : The New 2014 Stradalli R7 is the Lightest Carbon Road Bike with TRP Hydraulic Disc Brakes on the Market

Stradalli Cycle has launched its new 2014 Stradalli R7 road bike with a Shimano DuraAce Di2 9070 11 speed groupset and TRP hydraulic disc brakes.

Pompano Beach, FL (PRWEB) April 29, 2013

Stradalli Cycle, the affordable high performance carbon bicycle manufacturer, is pleased to announce the release of the 2014 Stradalli R7 full carbon fiber road bike. The new bike includes a Shimano DuraAce Di2 9070 11 speed groupset and TRP hydraulic disc brakes on the front and rear wheels. Combined with the superlight R7 frame, which weighs just over 900 grams, the 2014 Stradalli R7 is the lightest carbon road bike with hydraulic disc brakes available today.

The 2014 Stradalli R7 uses TRP hydraulic disc brakes on both the front and rear wheels to provide consistent braking power in all of conditions. Since disc brakes are not affected by wet weather conditions, the rider won’t need to worry about losing braking power in the rain.

Another major benefit of hydraulic disc brakes is that they don’t heat up the rims like caliper brakes. The result is that riders are able to make long descents under heavy braking without the concern of getting a puncture due to the heat generated by the brakes.

“Stradalli has always been on the leading edge when it comes to producing hightech full carbon road bikes at consumer level prices,” said Thomas Steinbacher, CEO of the Stradalli Cycle Company. “With the new 2014 Stradalli R7, we have taken the revolutionary R7 frame and built an excellent lightweight road bike with TRP hydraulic disc brakes and a worldclass groupset.”

Stradalli went back to the drawing board when designing the R7 frame. The result is a lighter frame that combines Stradalli’s experience and intellectual property (IP) with the best materials and the best technologies. The new 2014 Stradalli R7 road bike adds world class components to that frame making it the lightest carbon road bike with hydraulic disc brakes on the market.

About The Stradalli Cycle Company
The Stradalli Cycle Company is based in Florida and sells worldwide to the keen athlete who demands the best equipment. With years of experience in both high tech manufacturing and design as well as a passion for cycling, Stradalli brings passion and innovation to the road racing and mountain bike markets.

Contact
http://www.stradalli.com
sales(at)stradalli(dot)com

 

New products : Suunto innovates a new generation of GPS watches with launch of Ambit2 and Ambit2 S

Ogden, UT, Apr 29, 2013 -

Suunto App Zone and Movescount.com also get a facelift

Suunto, a global leader in sports precision instruments announces the launch of the next generation of Ambit outdoor GPS watches: the new Ambit2 S line and the Ambit2. With this unveiling, Suunto is excited to now offer consumers a GPS watch for every occasion, from multisport training to serious backcountry adventures.

“Rapidly advancing technology made it meaningful to update the Ambit family,” says Suunto president, Mikko Moilanen.

“The Ambit received tremendously positive responses from consumers last year,” continues Moilanen. “To meet the needs of performance sports-oriented users even better, we felt that a lighter, slimmer GPS with more sports-specific features was needed to complement the Ambit family.”

Ambit2 S – The GPS watch for athletes

The new Ambit2 S is a lightweight, sleek GPS watch built specifically for optimal cycling, running, swimming and multisport training. The GPS feature provides accurate pace, route navigation and tracking, while the heart rate monitor helps you train within your ideal zone.  Plus, multisport features allow users to switch hassle-free between all three sports.

o    Cycling: The new Suunto Ambit2 S supports power meters (ANT+), offers various power measurement values and provides numerous in-depth analysis options.

o    Swimming: The Ambit2 S offers comprehensive swimming functionality, including precise pace and distance, automatic interval recordings, stroke rate and swimming time related to different pool lengths. Additionally, the Ambit2 S recognizes your swimming style, making performance analysis easier.

o    Running: Runners benefit from accurate pace and distance thanks to FusedSpeed™, the Ambit's accelerometer integrated GPS. An interval timer and autolap function make training even easier.

Ambit2 – The GPS for explorers and athletes

Building on the success of the award-winning Suunto Ambit, the Ambit2 includes not only all the original Ambit’s hallmark outdoor functions such as route navigation, barometric information, altimeter with FusedAltiTM, 3D compass and other outdoor specific features, but also boasts all the Ambit2 S’ training features.

“In the mountains you need a watch you can rely on,” says Suunto climbing ambassador Ueli Steck. “I've been using Suunto products for many years and the Ambit2 is the ideal product out there for anyone serious about their mountain sports.”

Packed in a glass fiber reinforced casing with a maximum 50-hour battery life in GPS mode, the Ambit2 is the ultimate watch for serious adventurers, explorers and multisport athletes. A brushed steel bezel and sexy sapphire crystal glass add style to the Ambit2's extreme functionality in the Sapphire edition, (pictured center). Both the Ambit2 and Ambit2 S will be available worldwide this May. For more product details and full specs, visit www.suunto.com.

 

App Zone and Movescount.com get a facelift

Suunto has also upgraded the App Zone, a Suunto community forum that allows users to find and create free Apps for Ambit GPS watches. Since it launched in November 2012, users have created over 5,000 Apps. The upgrade provides Ambit owners with the ability to create and share more advanced Apps. Suunto’s online sports community Movescount.com, which hosts the App Zone, will now provide new tools for more in-depth workout analysis, enhanced navigation and improved sharing opportunities. 

About Suunto
Suunto was founded in 1936 by Tuomas Vohlonen, a Finnish orienteer and inventor of the liquid-filled field compass. Since then Suunto has been at the forefront of design and innovation for sports watches, dive computers and instruments used by adventure seekers all over the globe. From the top of the mountain to the bottom of the sea, Suunto physically and mentally equips outdoor adventurers to conquer new territory.

Suunto’s headquarters and manufacturing plant is in Vantaa, Finland. Employing more than 400 people worldwide, Suunto products are sold in over 100 countries. The company is a subsidiary of Amer Sports Corporation along with its sister brands Salomon, Arc’teryx, Atomic, Wilson, Precor, and Mavic.

http://www.suunto.com/us   www.movescount.com  https://twitter.com/SUUNTOUSA
www.suuntousaathletes.blogspot.com   Facebook

Business news : Swiss Running Shoe "On" Opens U.S. Headquarters in Portland

On, the Swiss technology, the Swiss Running Shoe company, has officially opened its first U.S. headquarters in Portland, OR. Since the brand launched in the U.S. in 2011, a small local team had been operating out of Florida.

"Portland has a real talent pool of experienced shoe industry professionals to draw from as we continue to grow," says Co-Founder Caspar Coppetti. "The city has a real European feel that will be a good environment to adopt our corporate culture."

The company saw the urgency to open a formal U.S. office at The Running Event held in Austin in early December 2012. At the time, On had expanded to around 140 specialty run accounts in the U.S. The company now has eight full-time employees in the Portland office as well as another five independent reps.

The On office is located in the historic Pearl District at 308 NW 11th Street, Suite #201, Portland, OR 97209. Ted Goodlake, director of sales, North America heads up the U.S. office. For more information, visit www.on-running.com or call 503-706-8015.

Overall, On has landed in about 700 doors globally since being launched three years ago. It has particularly developed a strong foothold in Central Europe, Scandinavia and Australia and is currently launching in Japan, Taiwan and Korea.

The 2013 On collection includes the ultra-light Cloudracer, the popular Cloudsurfer, the female-only all-white Cloudsurfer Prism Edition, the re-engineered Cloudrunner stability shoe and the fun Cloudster. The On is available at over 150 leading U.S. specialty running stores or online.

Source On Running Shoe through SportsOneSource

Award : Osprey Receives Gear of the Year Award from Outside Magazine

Osprey Packs, Inc., a leader in creating top-quality, high-performance, innovative packs to comfortably and efficiently carry gear, has received Outside magazine’s 2013 Gear of the Year award for the Xenith 88. The Xenith 88, Osprey’s new, deluxe, custom fit backpack, is featured in the current Outside Buyer’s Guide, on newsstands today.

Outside’s Gear of the Year Award is given the very best in adventure gear. Each winning product has gone through a rigorous testing process by Outside and deemed to be the best in its category. The winners are all featured in the annual summer Buyer’s Guide, which reaches more than 1.3 million frequent gear purchasers.

“We tested a lot of great big haulers this year," said Outside’s Executive Editor Sam Moulton. “But the Xenith 88 was hands-down the best of the bunch. You get a bevy of user-friendly features in an impressively lightweight and breathable package, but what really sold us was the customizable fit: the heat-moldable hipbelt and shoulder harness allow you to truly shape the pack to fit your body.”
As stated in the issue: “With bigger packs, it’s all about suspension and fit. Testers raved about how easy it was to tailor the Xenith to their bodies: the pack comes in three sizes, and you can choose between four shoulder-harness and heat-moldable-hipbelt options. The result is downright clingy – in a good way…Despite the huge capacity and full array of features, the Xenith still weights a few pounds less than some of its competitors.”

"The Outside Buyer’s Guide is a renowned and highly-anticpated resource for outdoor enthusiasts, and we’re excited and gratified to be recognized with a 2013 Gear of the Year award,” said Mike Pfotenhauer, Osprey Packs founder and head designer. “The Xenith pulled together many of the best features and design elements embodied in proven styles like our Aether and Ariel. With the addition of innovative fabrics, new materials technology, and near custom-fit engineering, we created a pack that can painlessly haul big loads mile after mile.”

The Xenith 88, which retails for $349, provides deluxe features, optimal organization and gear access for extended or weeklong backpacking trip while providing comfort and superb carrying ability. It features the LightWire™ peripheral frame suspension for optimal load transfer, and the innovative BioForm4 CM™ hipbelt and harness, which provide a supportive and highly customizable fit. Specially trained staff at CM™ certified dealers use an Osprey oven to custom mold the hipbelt for each individual customer to deliver a precise, personalized fit, superior comfort, load control and long-lasting support. In addition, the Xenith 88 features a super-convenient new way to carry a reservoir. The external hydration sleeve in the backpanel simplifies refilling and protects the pack’s contents from spills.

The Xenith 88 is part of the Xenith series, which also includes the Xenith 105 ($379) and Xenith 75 ($319). Xena, the women’s specific series, is tailored to a woman’s body and includes the same feature set. Xena is available in two sizes: Xena 85 ($349) and Xena 70 ($319).


Osprey Packs
Independent since 1974 and anchored by the design genius of company founder and owner, Mike Pfotenhauer, Osprey Packs has long set the standard for creating innovative, high quality gear carrying equipment. The collection includes packs and bags designed to help adventurers enjoy their outdoor, biking and travel pursuits.

The location of company headquarters in Cortez, Colorado, near the rugged San Juan Mountains on the edge of desert canyon country, provides a constant inspiration and a superb testing ground for Osprey products. Osprey also maintains a product development office in Ho Chi Minh City, Vietnam, near the factories where they manufacture their products, ensuring face-to-face relationships and transparency with their suppliers. In 2009, Osprey opened a design office in Mill Valley, California, a hub of design talent and the birthplace of mountain biking. All three of these offices play a crucial role in creating Osprey gear that lasts a lifetime.

To celebrate its 35th anniversary in 2009, Osprey launched the All Mighty Guarantee, an enhancement of a lifetime warranty that was already one of the most robust in the industry. Free of charge, the company will repair any damage or defect in its product – whether it was purchased in 1974 or yesterday. Every Osprey product reflects the company’s commitment to protect the wild places its customers love to explore. For more information, visit www.ospreypacks.com.

Julie Atherton / JAM Media Collective / julie@jamcollective.net / 415-839-7546

Business news : Luxottica's Q1 Revenues Grew 4.2 Percent

Luxottica Group S.p.A., the parent of Oakley and Sunglass Hut, reported revenues in the first quarter rose 4.2 percent and rose 5.6 percent on a currency-neutral (C-N) basis. Wholesale revenues rose 7.5 percent on a C-N basis while retail revenues improved 3.1 percent C-N. Operating profits adjusted to exclude special items rose 7.7 percent C-N.

Luxottica also makes eyewear under various design brands and owns Ray Ban. On the retail side, it owns LensCrafters and Pearle Vision

Total revenues reached €1.86 billion, up 4.2 percent from €1.78 billion. Wholesale Division revenues rose 7.5 percent to €781.7 million. Retail Division sales improved 2.0 percent to €1.083 billion.

Operating income climbed 17.6 percent to €275.2 million, and increased 7.7 percent on a C-N basis.

Net income rose 23.5 percent to €159 million, or €34 cents a share, from €129 million, or €28 cents, a year ago. On an adjusted basis, net profits gained 10.5 percent to €159 million, or €34 cents a share, from €144 million, or €31 cents, a year ago.

Luxottica's strong growth continued into 2013 and the Group has a positive and optimistic outlook for its future performance. The first quarter of 2013 saw positive growth in terms of both net sales and profits and confirmed the Group’s expectations in terms of robust and continued growth, particularly in emerging markets (+17 percent at constant exchange rates1,6).

Net income for the first quarter of 2013 increased to Euro 159 million (+10.5 percent) from adjusted net income3,4 of Euro 144 million reported in the first quarter of 2012. Net sales in the period reached approximately Euro 1.9 billion (+5.6 percent at constant exchange rates1), with double-digit growth in emerging markets (+17 percent at constant exchange rates). The Group’s operating income for the period rose to Euro 275 million (+7.7 percent).

“The first quarter has marked a strong, solid start to the year, sustained by all of our leading brands in all the geographic areas important to our company. The positive results in the first quarter of 2013 confirmed our expectations for the period and provide a strong basis for another year of growth. We have managed to improve on our record profits and net sales by focusing on the Group’s unique and specific assets and continuing to invest in high-potential, fast-growing markets”, commented Andrea Guerra, Chief Executive Officer of Luxottica.

“We achieved significant growth especially in emerging countries, where net sales increased by almost 20 percent at constant exchange rate1,6. In Brazil, where Luxottica net sales grew 30 percent at constant exchange rates1,6, the merger with Tecnol is now running smoothly, delivering significant benefits as a result of our dedicated focus during 2012. North America, our most important region, once again registered solid growth, after a few jitters in February and a slight pick-up in March, which has continued into April.

In Europe, we are performing at three different speeds: in Eastern Europe, growth has been very fast; in Continental Europe the results have exceeded expectations and are extremely satisfactory; and in Mediterranean Europe the business is going through a difficult patch, but Italy is keeping the pace thanks to the investments made by the Group.”

“Our brand portfolio is in excellent shape and it is expanding. Ray-Ban and Oakley continued to perform extremely well, retaining their titles as captains in the industry. During the first quarter 2013, in the premium and luxury segment, the licensing agreement with Armani Group became operational and we completed the merger with the iconic Alain Mikli brand, enriching the newly created Atelier Division. We are taking important steps in the development process that aims to make Luxottica the benchmark in an increasingly strategic market segment where we expect to see double-digit growth in 2013.”

“Looking forward to the next few months, we will continue to invest in our expansion. In particular, the emerging markets are expected to be one of the main drivers of growth, sustained by ongoing investments in people and brands, and by expanding the Retail Division via acquisitions and better penetration of existing channels, especially in Southeast Asia and Latin America.”

“The important achievements in the first quarter of the year are also the result of the work of all the people at Luxottica who have performed with commitment, competence and determination. Their commitment to quality and excellence allows us to look to the future with optimism and confidence.”

The Group
Net sales for the first quarter of 2013 were Euro 1,864 million, up 4.2 percent from the same period in 2012 (+5.6 percent at constant exchange rates1).

EBITDA for the first quarter of 2013 increased by 6.6 percent over adjusted EBITDA3,4 in the same period in 2012, reaching Euro 365 million. The EBITDA margin3,4 was therefore up from an adjusted 19.2 percent3,4 recorded in the first quarter of 2012 to 19.6 percent in the first quarter of 2013.

Operating income for the first quarter of 2013 amounted to Euro 275 million up 7.7 percent from adjusted operating income3,4 of Euro 255 million in the same period of 2012.

The Group’s operating margin therefore rose to 14.7 percent in the first quarter of 2013 from an adjusted operating margin3,4 of 14.3 percent in the first quarter of 2012.

Net income for the period was Euro 159 million, up by 10.5 percent from adjusted net income3,4 of Euro 144 million for the first quarter of 2012, corresponding to earnings per share (EPS) of Euro 0.34.

Net debt as of March 31, 2013 was Euro 1,816 million (Euro 1,662 million at December 31, 2012), and the ratio of net debt to EBITDA4 was 1.3x compared with a ratio of net debt to adjusted EBITDA3,4 of 1.2x at the end of 2012. During the first quarter of 2013, the Group invested approximately Euro 138 million in acquisitions.

Wholesale Division
Total sales for the Wholesale Division rose to Euro 781 million from Euro 727 million in the first quarter of 2012 (+7.5 percent at current exchange rates and +9.3 percent at constant exchange rates1).

The Wholesale Division’s operating income amounted to Euro 188 million, up by 9 percent compared with the Euro 173 million reported in the first quarter of 2012, which also was successful for the Division.

The operating margin rose to 24.1 percent from 23.8 percent in the first quarter of 2012.

Sales performance for the Wholesale Division in Luxottica’s primary geographic markets saw markedly positive results in emerging markets (approximately +19 percent at constant exchange rates1,6), North America (+9.4 percent at constant exchange rates1,6) and continental Europe (+9.2 percent at constant exchange rates1,6), especially in France, Germany and the Nordic countries.

Net sales in Eastern Europe increased by 19.8 percent at constant exchange rates1,6, while the markets in Mediterranean Europe felt more keenly the effects of the difficult macroeconomic environment.

In the first quarter of the year, the optical business saw robust and continuous double-digit growth, becoming one of the Group’s businesses with the greatest potential for growth, capitalizing on favorable international demographic and social trends.

Retail Division
Net sales for the Retail Division were Euro 1,083 million up from Euro 1,061 million in the first quarter of 2012 (+2 percent at current exchange rates and +3.1 percent at constant exchange rates1).

The Division's operating income for the first quarter of 2013 amounted to Euro 132 million, up by 5.9 percent over the Euro 125 million in adjusted operating income3,4 recorded for the same period of 2012.

The operating margin for the quarter was 12.2 percent up from the adjusted operating margin3,4 of 11.8 percent in the first quarter of 2012.

The Retail Division in North America experienced a solid start to the year. Despite the fact that the month of February was slow in terms of traffic, the Division resumed its positive growth trend in March and this trend has continued into April.

Additionally, during the first quarter of 2013, Australia experienced excellent performance in both the specialized sun store chain (Sunglass Hut) and optical stores (OPSM), producing increased comparable store sales of 16.1 percent at Sunglass Hut and 9.6 percent at OPSM.

Source luxottica group through SportsOneSource

Award : Gregory Wins US Outside magazine “Gear of the Year” award for Border 35 Travel Backpack

Gregory, the leading pack maker for over 35 years, has been presented the coveted “Gear of the Year” award from Outside for its Border™ 35 travel backpack. Announced today in the magazine’s Buyer’s Guide, the award adds to the haul of accolades that Gregory has already collected in 2013, including an ISPO award for the Targhee™ 32 and “best luggage” for the Alpaca™ 28 as part of Outside’s Active Travel Awards.

“This award validates the time and energy our team dedicated to designing the Axis Travel series,” states John Sears, director of product development at Gregory. “We spent a lot of time in airports watching and talking to travelers to develop a line of travel bags that perfectly balances convenience, organization and most importantly, fit. We’re thrilled that the experts at Outside agree.” 

In addition to the 35L model, the Border is available in 18 and 25 liters. All models feature an innovative “butterfly” opening that is TSA compatible to allow the bag to go through security screenings without the hassle and delay of removing electronics. The 25L and the 35L versions comfortably carry 15-inch and 17-inch laptops respectively. The back panel easily integrates with the existing Gregory wide handled luggage to create a fully integrated system for the savvy traveler. Additional compartments and interior organizing pockets make the backpack extremely versatile for anything from a coffee shop run to an international business trip. 

The Axis Travel series also includes wheeled luggage that utilizes the Gregory Custom Chassis with wide handle design to maximize interior space and deliver stable rolling. This design moves the handle frame that typically cuts through the middle of wheeled suitcases to the exterior of the bag, so that the bottom of the bag is flat. The wide handle design provides greater stability when rolling the bag, along with more hand positions for greater maneuverability. The handle also provides a generous and stable platform to support additional bags. The series’ oversized custom injection molded ball bearing wheels are designed to roll just about anywhere, but when faced with a steep staircase or other obstacles, the bag's deployable padded strap allows you to sling the bag over your shoulder, or wear it as a backpack. 

The Outside Buyer’s Guide not only highlights the very best in adventure gear, from sports equipment, tools, and gadgets to footwear, outerwear, and sunglasses, but also calls out the best values in each class. This year’s summer edition contains over two dozen ‘Killer Values’ — as well as 170 products under $150—in everything from mountain-bike shoes to waterproof cameras. Organized according to sport and activity, the summer Buyer’s Guide is the ultimate resource for product reviews, technology, news, and tips. 

Now in its 18th year, the annual summer Buyer’s Guide also features editor’s Gear of the Year selections and reaches over 1.3 million frequent gear purchasers. It will be on newsstands all summer, from April 26th through July 22 and at Outside Online. The iPad version, along with other monthly and special issues, will also be available for purchase starting April 26.

Cory Lowe / Backbone Media / cory.lowe@backbonemedia.net / 970-963-4873 

Business news : Cross Optical Sales Up Nearly 20 Percent in First Quarter

A.T. Cross Company reported sales of its Cross Optical Group (COG), which owns the Costa and Native eyewear brands, reached $23.8 million in the first quarter, an increase of 19.1 percent compared to last year's first quarter.

Overall sales at the company increased by 5.9 percent to $44.4 million compared to $41.9 million in the first quarter of 2012. The Cross Accessory Division (CAD) recorded revenue of $20.6 million, down 6.2 percent from last year.

Gross margin was 56.1 percent in 2013, versus 56.2 percent in 2012. Operating expenses were $22.3 million, or 50.2 percent of sales in the 2013 first quarter, versus $21.2 million, or 50.5 percent of sales for the same period a year ago. Operating income in the first quarter of 2013 was $2.6 million, compared to $2.4 million in the first quarter of last year.

Net income for the first quarter was $1.6 million, or $0.13 per diluted share, compared to net income of $1.5 million, or $0.12 per diluted share, last year.

"As our sunglass business enters its peak selling season, it is clear that it has maintained its momentum from 2012 and we expect a strong performance as we move through the spring," said David G. Whalen, president and CEO of A.T. Cross.

Whalen said two third of the decline at CAD was related to the substantially weaker Japanese Yen and decreased sales of low margin discontinued product. Having said that, while our trend in the European market improved in Q1, we did experience softness in the America and Asia markets which we are addressing."

On Feb. 4, 2013, the company announced that it is exploring strategic alternatives for its Cross Accessory Division. Costs associated with the process totaled approximately $240,000, or $0.01 per share, in the first quarter of 2013.

A.T. Cross confirmed its January guidance of earnings between $0.78 and $0.82 per share. The guidance will be reviewed again in July, once the peak sunglass season concludes.

A. T. CROSS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except per share amounts)
(unaudited)
	Three Months Ended
	March 30, 2013	March 31, 2012
Net sales	$44,401	$41,946
Cost of goods sold	19,476	18,376
Gross Profit	24,925	23,570
Selling, general and administrative expenses	19,600	18,475
Service and distribution costs	2,000	2,048
Research and development expenses	707	660
Operating Income	2,618	2,387
Interest and other expense	(132)	(132)
Income Before Income Taxes	2,486	2,255
Income tax provision	846	717
Net Income	$1,640	$1,538
Net Income per Share:
Basic	$ 0.13	$ 0.13
Diluted	$ 0.13	$ 0.12
Weighted Average Shares Outstanding:
Basic	12,246	12,288
Diluted	12,979	12,893
	Three Months Ended
	March 30, 2013	March 31, 2012
Segment Data: Cross Accessory Division
Net Sales	$20,565	$21,929
Operating Loss	(1,066)	(462)
Segment Data: Cross Optical Group
Net Sales	$23,836	$20,017
Operating Income	3,684	2,849

Source Cross Optical Group ( COG) Through SportsOneSource

Sport Event : Runners experience Nike Free Run in vibrant heart of Seoul

500 runners race through the busy streets of the capital and experience Nike Free’s natural motion benefits. 

To celebrate this season’s launch of Nike Free footwear, Nike Korea asked runners to express the key proposition of Nike Free – flexibility – by posting images of themselves via social media wearing their own Nike Free shoes. Nike then selected 500 lucky runners for the Nike Itaewon Free Run, a 6k race in the Itaewon district of Seoul, South Korea.

As Nike Free footwear allows the foot to move and flex in a more natural way, the Nike Itaewon Free Run, held Friday night, April 26, was designed to capture the experience of natural motion and flexibility by enabling runners to race freely through the busy streets of Seoul.

From Itaewon Main Street to Namsan Botanical Gardens and through downtown areas of Seoul, the course provided runners with a first-hand look at Seoul’s most exotic and captivating streets. Itaewon boasts a distinctive cultural diversity, encompassing a mix of everything from local teashops to more opulent restaurants and landmarks.

After Itaewon, the field moved through the serene and calm Namsan Botanical Gardens for a change of pace from the bustling streets of the city center.  

For the night-time race, runners were outfitted in Dri-FIT race shirts with fluorescent customization and glow-in-the-dark neon. Green and red LED headbands complemented the vibrant Nike Free colorways.

A Nike+ trial zone was set up to share a connected running experience. Those new to the concept could participate in an introductory session, and free armband rentals and instant online sync-up booths offered further connectivity. Nike Free footwear and the Nike+ GPS Sportwatch trials completed the running experience. Nike+ challenges called out the winners who burned the most calories during the 6K race.

Runners enjoyed the energy at the finish line in the Itaewon Main Street square, as they celebrated with live DJ sets at a post-race party. 

Source Nike 

Business news : VF's Q1 Profit Rises 26 Percent on Better Margins

VF Corp. reported revenues in the first quarter rose 2 percent, as anticipated, to $2.6 billion compared with the same period of 2012, driven by strength in the Outdoor & Action Sports, international and direct-to-consumer businesses. Sales rose 6 percent for The North Face, 25 percent for Vans, and 2 percent for Timberland. Net income on an adjusted basis grew by 25 percent.

“VF’s first quarter performance is a great example of our strong business model, disciplined execution and our ability to leverage all aspects of our portfolio,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “The combination of powerful brands and strong operating platforms creates a unique engine capable of delivering consistent, long-term shareholder value. With a strong start to the year, we’re well positioned to achieve our full year goals.”

First Quarter 2013 Review

Revenues rose 2 percent, as anticipated, to $2.6 billion compared with the same period of 2012, driven by strength in the Outdoor & Action Sports, international and direct-to-consumer businesses. The sale of John Varvatos in April 2012 negatively impacted VF’s revenue growth comparison by 1 percentage point in the first quarter.

Gross margin improved 240 basis points to 48.1 percent, an all-time high for any quarter in VF’s history. This performance, which includes improvements in nearly every coalition, compares with 45.7 percent in the same period of 2012. The higher gross margin reflects lower year-over-year product costs and the continued shift in our revenue mix towards higher margin businesses.

Operating income on an adjusted basis grew 13 percent to $360 million in the first quarter compared with $319 million in the same period of 2012. On a GAAP basis, first quarter operating income increased 14 percent to $358 million, compared with $314 million in last year’s same period. Adjusted operating margin was 13.8 percent compared with 12.5 percent in the first quarter of 2012. On a GAAP basis, operating margin rose to 13.7 percent from 12.3 percent in the first quarter of 2012.

Net income on an adjusted basis grew by 25 percent to $273 million from $219 million in the first quarter of 2012. Adjusted earnings per share – which excludes Timberland acquisition-related items of $0.02 per share in the first quarter – increased 25 percent, to $2.43 from $1.94 during the same period last year. This increase includes a $0.12 per share discrete tax benefit primarily related to the impact of U.S. tax law changes enacted in 2013, which are retroactive to 2012. On a GAAP basis, first quarter net income was $270 million, with a 26 percent increase in earnings per share to $2.41, including the $0.12 per share discrete tax benefit noted above.

First Quarter Coalition Review
Outdoor & Action Sports revenues were up 10 percent in the quarter to $1.4 billion with balanced growth across both the U.S. and international markets.

Revenues for The North Face® brand rose 6 percent with low single-digit growth in both the Americas and Europe regions, and continued strong double-digit growth in Asia. Helped by colder, more seasonable weather, the brand’s direct-to-consumer business posted a strong double-digit revenue increase in the quarter.

The Vans® brand momentum continued in the first quarter with a 25 percent increase in revenues including over 20 percent growth in the Americas and Asia regions, and more than a 30 percent increase in Europe. The Vans® brand posted strong double-digit revenue increases in both its wholesale and direct-to-consumer channels.

Timberland® brand revenues were in line with expectations; up 2 percent in the first quarter with mid-teen growth in Asia and a mid single-digit increase in the Americas region. In Europe, where challenging macro-economic conditions continue to impact the business, the brand experienced a mid single-digit decline in revenues. The Timberland® brand’s direct-to-consumer business, which continues to show good progress, grew at a high-teens rate in the quarter.

First quarter Outdoor & Action Sports operating income rose 12 percent to $227 million and operating margin increased 40 basis points to 16.4 percent compared with 16 percent in the 2012 period.

Jeanswear revenues, as expected, decreased 3 percent to $718 million, including slightly lower sales in the Americas region, which faced difficult comparisons due to earlier shipments of spring seasonal products in the prior year’s quarter. Additionally, the first quarter of 2013 was impacted by difficult conditions in the mid-tier channel. Jeanswear revenues in Europe declined at a mid single-digit rate. In Asia, as anticipated, Jeanswear revenues declined by a low double-digit rate, as the Lee® brand navigates an industry-wide build up in inventories that began during the latter part of 2012.

Revenues for the Wrangler® brand were down 2 percent with strength in its U.S. Western and Latin American businesses offset by a slight decline in its U.S. Mass business due to the previously mentioned seasonal product pull-forwards in the prior year period. The Lee® brand’s first quarter revenues were down 6 percent due to continued challenging dynamics in the mid-tier channel in the U.S. and difficult macroeconomic conditions in Europe. And as noted above, the Lee® brand experienced lower sales in Asia as retailers work through elevated inventory levels.

Favorable year-over-year product costs and continued improvements in operating efficiencies led to a 29 percent increase in Jeanswear operating income to $143 million. Operating margin reached 20 percent in the quarter with improvements in both the Wrangler® and Lee® brands across every region of the world.

Imagewear revenues declined 9 percent in the first quarter to $253 million against exceptionally strong growth in the first quarter of 2012. The first quarter comparison was impacted by a program that was shipped in the first quarter of 2012 that is not expected to ship until the second half of 2013. Related to the lower volume, first quarter Imagewear operating margin decreased to 12.5 percent.

Sportswear posted revenue growth of 4 percent to $128 million driven by a low single-digit increase in the Nautica® brand and mid-teen growth in the Kipling® (U.S.) brand. The Nautica® brand revenues in the first quarter were impacted by a shift in timing of shipments that should drive a mid-teen revenue increase in the second quarter. Direct-to-consumer revenues for the Sportswear businesses increased more than 20 percent in the quarter contributing to an 80 basis point improvement in operating margin over the prior year period.

Contemporary Brands revenues were down 18 percent in the quarter to $104 million, with 14 percentage points of the decline due to the absence of John Varvatos, which was sold in April 2012. Excluding John Varvatos from the first quarter of 2012, revenues were down 4 percent. Direct-to-consumer revenues, excluding John Varvatos, increased 9 percent.

Contemporary Brands’ operating income in the first quarter decreased 15 percent to $13 million. Operating margin expanded by 40 basis points to 12.1 percent, driven by improved direct-to-consumer performance.

International Review
First quarter international revenues increased 6 percent. Revenues in the Americas (non-U.S.) region increased 10 percent with strong performances from the Vans®, Timberland® and Wrangler® brands. In Asia, revenues were up 9 percent, reflecting strong results by all Outdoor & Action Sports brands. Revenues in Europe rose 4 percent driven by double-digit growth in the direct-to-consumer businesses of the Vans®, The North Face®, Timberland® and Napapijri® brands. International revenues reached 42 percent of total VF revenues in the first quarter compared with 40 percent in the same period of 2012.

Direct-to-Consumer Review
Direct-to-consumer revenues increased 12 percent in the first quarter including a 25 percent increase in The North Face® brand, an 18 percent increase in the Timberland® brand and a 15 percent increase in the Vans® brand. Direct-to-consumer revenues for the Nautica®, Kipling®, Napapijri®, Splendid® and Ella Moss® brands also each achieved double-digit growth during the quarter. A total of 20 stores were opened across our brands in the quarter bringing the total number of owned retail stores to 1,132. Direct-to-consumer revenues reached 20 percent of total revenues in the first quarter compared with 19 percent in the 2012 period.

Balance Sheet Review
Inventories were down $107 million, or 7 percent, from March 2012 levels reflecting VF’s highly disciplined approach to inventory control. During the first quarter, VF repurchased a total of 1.7 million shares for approximately $280 million and made a discretionary contribution of $100 million to its pension plan.

2013 Earnings Guidance Raised
Revenue guidance for 2013 remains unchanged, with revenues expected to rise by 6 percent to $11.5 billion. Also unchanged is an expected improvement of 100 basis points in gross margin and nearly a 100 basis point increase in operating margin for the year. Based on slightly stronger than expected first quarter results, adjusted earnings per share in 2013 are now expected to rise to $10.75 per share, up $0.05 from the $10.70 per share guidance provided on February 15. On a GAAP basis, which includes an estimated $0.10 per share in Timberland acquisition-related expenses, earnings per share in 2013 are now expected to rise to $10.65 per share, up $0.05 from the prior guidance of $10.60 per share.

Looking forward to the second quarter, last year’s adjusted earnings per share of $1.11 included a non-recurring $0.10 per share discrete tax benefit primarily related to the settlement of prior years’ audits. On a reported (GAAP) basis, last year’s second quarter earnings per share of $1.40 included three non-recurring items: a $0.32 per share benefit related to the sale of John Varvatos, the previously described $0.10 per share discrete tax benefit, and a $0.03 negative impact resulting from Timberland acquisition-related expenses.

Adjusted Amounts

This release refers to adjusted amounts that exclude restructuring and other items related to the acquisition of Timberland, which approximated $3 million ($0.02 per share) in the first quarter of 2013 compared to $5 million ($0.03 per share) in the first quarter of 2012. Adjusted amounts for the full year exclude anticipated Timberland acquisition-related expenses of $14 million ($0.10 per share) in 2013 compared to $31 million ($0.25 per share) in 2012. Additionally, adjusted amounts in 2012 exclude the gain on the sale of John Varvatos of approximately $42 million ($0.32 per share inclusive of a $0.10 per share tax benefit triggered by the sale). Reconciliations of certain GAAP measures to adjusted amounts are presented in the supplemental financial information included with this release, which identify and quantify all excluded items.

Dividend Declared

VF’s Board of Directors declared a quarterly dividend of $0.87 per share, payable on June 20, 2013 to shareholders of record on June 10, 2013. 

Source VF Corp through SportsOneSource

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Award : Julbo’s Floating Wave Sunglass Wins US Outside Magazine’s 2013 Gear of the Year

Julbo, celebrating 125 years of advanced, protective optical technology, is honored to accept Outside Magazine’s 2013 Gear of the Year award for Julbo’s fully floating sunglasses, the Wave.

Regarded as an ultimate resource for product reviews, technology, news and tips, the Outside’s summer Buyer’s Guide is organized by various sports and activities to effortlessly lead outdoor enthusiasts to the best gear and advice in the industry.  Achieving a Gear of the Year accolade, in any category, is a mark of the highest distinction.

“As an independent, family-owned business celebrating our 125^th anniversary, we are constantly seeking optical innovation and performance perfection,” said Julbo USA’s CEO, Nick Yardley. “It is a privilege to be recognized by Outside for such an acclaimed honor."

Designed to meet the needs of those who play, work and live near the water, the Julbo Wave sunglass provides the coverage, functionality and features that every watersports enthusiast needs to protect their eyes against the elements of sun and water. From flat water freshwater to massive ocean swells, the Wave offers the highest level of protection while navigating big waters.

According to the Outside tester, “The goggle-ish Wave are rapture for river runners, stand-up paddlers, and the rest of the watersports set.”

The Wave’s polypro bi-injected wrap-around frame is floatable in the case of dropping them in water. The lightweight frames also feature a protection skirt, a removable flexible rim that eliminates water and wind from coming in from all sides. The feature adds an extra degree of protection and prevents views from being obstructed during volatile water conditions. Furthermore, the Wave is available in Julbo’s photochromic, polarized and hydrophobic Octopus lens ($190). For a lower price point, the Wave is also available with Julbo’s Spectron 3+ lens ($90) or the Polarized 3+ lens ($120).

For additional information on Julbo eyewear, visit Julbo’s website or call 800.651.0833.

MJ Carroll / Verde PR & Consulting / MJ@verdepr.com / (970) 259-3555 x2


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Business news : HanesBrands Q1 Earnings Rebound

HanesBrands, the parent of Hanes, Champion and Gear For Sports, reported net sales declined 3 percent in the first quarter to $945 million.

For the quarter ended March 30, 2013, operating profit increased substantially to $85 million, and EPS improved to 51 cents a share from a 25 cents loss a year ago.

While net sales for the first quarter were hampered by a sluggish retail environment, the company’s operating profit margin expanded 790 basis points over the year-ago quarter, benefitting from an improved cotton-cost and product-pricing environment and the company’s Innovate-to-Elevate margin-enhancement initiatives.

Based on first-quarter results, Hanes reaffirms its 2013 guidance for net sales of approximately $4.6 billion; operating profit of $500 million to $550 million; EPS of $3.25 to $3.40; and free cash flow of approximately $350 million to $450 million.

The company also recently announced the initiation of a regular quarterly dividend. The company’s Board of Directors has authorized a dividend of $0.20 per share to be paid June 3, 2013, to stockholders of record at the close of business on May 20, 2013. The quarterly dividend is the first for Hanes since its spinoff as an independent public company in 2006.

“We are pleased with our ongoing strategic execution, which resulted in improved profitability in the first quarter and bolsters our outlook for the rest of the year,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “Our operating profit margin was strong, our brands are commanding more retail shelf space, and our product innovation is working. We have more margin improvement potential ahead of us.”

First-Quarter 2013 Financial Highlights and Business Segment Summary

Key accomplishments for the first quarter include:

Space Gains Driven by Innovate-to-Elevate Platforms. The company continues to secure net space gains at retailers through its Innovate-to-Elevate platforms, which integrate the strengths of the company’s iconic brands, low-cost supply chain and product innovation. These platforms include ComfortBlend fabric underwear, socks and T-shirts, Smart Sizes seamless bras, and Tagless apparel.

Strong First-Quarter Operating Margin. The company achieved a first-quarter operating margin of 9 percent. Innovate-to-Elevate initiatives, which support higher unit selling prices and lower unit costs, and lower cotton costs drove a nearly 800-basis-point improvement in operating margin over the first quarter a year-ago.

Reduced Quarter-End Inventory Versus a Year Ago. Hanes continues to focus on inventory management, with its quarter-ending inventory level 17 percent lower than a year ago.

Key segment highlights for the first quarter include:

Innerwear Segment. Net sales were affected by the soft retail environment, but operating margin improved significantly over a year ago. New products continued to perform well.

Innerwear operating profit increased 69 percent, and operating margin increased 760 basis points to 18 percent.

Net sales for the segment declined 2 percent overall in the quarter, but bra and sock sales increased mid-single digits and men’s underwear was up slightly. Hanes ComfortBlend men’s underwear, panties and socks continue to perform well, as do Bali and barely there Smart Size seamless bras.

Activewear Segment. The Activewear segment, formerly named Outerwear, had a strong first quarter, with increased margins and a return to operating profitability.

Activewear sales declined 2 percent, but excluding the $15 million planned reduction of commodity-oriented branded printwear sales to the screen-print industry, segment sales increased 4 percent. Retail Hanes sales increased by double digits, and retail Champion and C9 by Champion sales increased by low single digits.

The segment returned to profitability, with an operating margin of 8 percent compared with an operating loss a year ago.

International Segment. International segment net sales declined 5 percent and operating profit declined by 53 percent. On a constant currency basis, net sales increased 1 percent and operating profit declined 42 percent.

Direct to Consumer Segment. Direct to Consumer sales decreased by 6 percent, while operating profit was slightly positive compared with a loss in the year-ago quarter.

2013 Guidance

For full-year 2013, Hanes expects net sales of approximately $4.6 billion; operating profit of $500 million to $550 million; and EPS of $3.25 to $3.40. The company expects a decline in branded printwear sales of $40 million to $50 million from rationalization that began in mid-2012; of the expected decline, $15 million occurred in the first quarter.

The company expects its overall media investment in 2013 to increase by $30 million to $40 million, with more than two-thirds of the increase in the second half of the year.

Interest expense and other expense are expected to total $120 million, including approximately $15 million in prepayment expenses to retire the remaining $250 million of 8 percent senior notes due 2016. The full-year tax rate is expected to be in the teens. However, due to enacted tax-law changes and anticipated discrete tax items, Hanes expects its tax rate will fluctuate by quarter, with the third-quarter rate expected to be toward the lower end of the range and the second- and fourth-quarter rates expected to be at the high end of the range.

Free cash flow is expected to be approximately $350 million to $450 million, including expected pension contributions of approximately $38 million and net capital expenditures of approximately $50 million. Free-cash-flow priorities are funding the company’s quarterly dividends and early retirement of the outstanding 8 percent senior notes.

Discontinued Operations

In 2012, the company announced exiting certain international and domestic imagewear businesses that are now classified as discontinued operations. Discontinued operations have no effect on 2013 results.
On May 30, 2012, Hanes sold its European imagewear business, and the company subsequently completed in 2012 the discontinuation of its private-label and Outer Banks domestic imagewear operations serving wholesalers that sell to the screen-print industry. In accordance with generally accepted accounting principles, the company reported results for the second, third and fourth quarters of 2012 on a continuing-operations basis and revised prior-period results, including the first quarter of 2012, to reflect continuing operations. The company’s branded printwear operations continue to operate and serve the domestic screen-print market with Hanes and Champion brand products.

In the first quarter of 2012, discontinued operations reported a loss per diluted share of $0.03.

Source Hanesbrand through SportsOneSource

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Organizations news : Bikes Belong’s Green Lane Project ( US )awards $125,000 in grants

Boulder, CO— Bikes Belong’s Green Lane Project announced $125,000 in grants today to be awarded in five of their project focus cities – Austin, Texas, Chicago, Portland, Ore., San Francisco, and Washington, DC. A local non-profit in each city will receive $25,000 to build the case for how green lanes in their community benefit local businesses.

Green lanes, also called protected bike lanes or cycletracks, are dedicated, inviting spaces for people on bikes in the roadway, protected from cars and separated from sidewalks. The lanes make riding a bike a more comfortable and attractive option for people of all ages, especially for short trips around town.

Although all of the cities have impressive goals for expanding bicycling through building these innovative facilities, support from the business community is crucial in moving complicated projects forward. Many business leaders already understand the benefits that biking can offer them; however, others are apprehensive when projects remove car parking spaces or travel lanes. These grants will help cities better understand and address business community concerns and recruit business voices as supporters.

Local efforts will include grassroots engagement with businesses located on key corridors, as well as identification and cultivation of respected business leaders who can help guide public opinion.

"We have clear examples in our city that growing the number of people riding bikes benefits businesses. Better bicycling facilities draw new visitors to explore commercial corridors on two wheels and help professionals get to work more easily and enjoyably,” said Leah Shahum, executive director of the San Francisco Bicycling Coalition, one of the organizations receiving a $25,000 grant on behalf of their city. “As more business leaders recognize these benefits, they too can be champions for great bikeways in their own communities."

Studies have shown that people arriving by bike spend as much, or in some cases more, at local shops and restaurants than those who arrive by car. In New York City, retail sales increased 49% on 9th Avenue after green lanes were installed, compared to 3% growth in the rest of Manhattan. Savvy cities are also learning that the best and brightest young professionals, key for growing businesses, are attracted to more livable cities. “It’s part of my effort to recruit entrepreneurs and start-up businesses because a lot of those employees like to bike to work,” said Mayor Rahm Emanuel, of his promise to build 100 miles of protected bike lanes in four years.

These grants are supported, in part, by REI, the national outdoor gear and apparel retailer. Grant recipients will engage with their local REI stores in developing their projects, including a clear plan for measuring the grants’ success.

Details on each of the $25,000 grants:

Austin, TX, Movability Austin

Movability Austin will use their grant to conduct research examining how downtown businesses view bicycling as a mode of transportation, their barriers to supporting bicycling and what factors they care about during design and construction of bicycle facilities. Utilizing the results, the organization will work with a project advisory team made up of local leaders to address business concerns and forge strategies on how to partner with the business community on bicycling issues.

Chicago, IL, Active Transportation Alliance

The Green Lane Project grant will be used to bolster the newly-launched Bike Friendly Business program, which seeks to build support for bicycling and green lanes among businesses and to develop new partnerships with business owners and managers. In addition to promoting the business community’s support for bicycling, the Active Transportation Alliance will recruit business champions to take a more visible role by signing and posting petitions, writing letters to the editor and connecting with other businesses around this issue. The local REI will serve as a model Bike Friendly Business and help with workshops and other business programming.

Portland, OR, Bicycle Transportation Alliance

As part of a citywide goal to boost bicycling mode share to 25%, the Bicycle Transportation Alliance (BTA) is working to build strong business support for two new routes: a north/south connection through downtown and bridgehead improvements that will link the new routes to the existing network. The BTA team will connect with business owners to understand and address their concerns and priorities and to share how better bicycle facilities can benefit their bottom line. Longtime partner REI will help with communications, events and meeting space.

San Francisco, CA, San Francisco Bicycle Coalition

The San Francisco Bicycle Coalition (SFBC) is partnering with contacts at City Hall, in city agencies and among business leaders to build the case for how bicycling benefits the many businesses in San Francisco. Engaging at both the grassroots level with businesses located on proposed green lane corridors and the grass-tops level with influential business leaders, this effort will reach a key constituency that will ultimately affect decision makers as well as the general public. SFBC will work with REI to spread the word about green lanes and involve them in outreach events and initiatives.

Washington, DC, Washington Area Bicyclist Association

Focusing on the city transportation department’s new “We Move DC” campaign to create a multi-modal transportation plan, WABA is expanding outreach to businesses to boost their support for the bicycle network component. The organization has identified real estate professionals, retailers and commercial drivers, as well as underserved communities, as the constituencies that can most benefit from better bicycling and a concentrated engagement effort. WABA will include REI in retailer-focused events and tours.

About the Green Lane Project
The Green Lane Project is a program created by the Bikes Belong Foundation to catalyze the creation of world-class bicycling facilities in the U.S. and build national momentum for green lanes. Green lanes are dedicated, inviting spaces for people on bikes, protected from cars and separated from sidewalks. The Green Lane Project is currently focused on six U.S. cities: Austin, Texas, Chicago, Memphis, Portland, Ore., San Francisco, and Washington, DC.  For more information about the Green Lane Project, visit: www.greenlaneproject.org.

The Bikes Belong Foundation focuses on improving bicycle safety and enhancing children's bike programs. It is also host to PeopleForBikes.org, working to unite a million Americans behind a pledge in support of better, safer bicycling. The Foundation is the 501(c) 3 arm of the Bikes Belong Coalition – the U.S. bicycle industry organization dedicated to getting more people riding bikes more often.

About REI
REI is a national outdoor retail co-op dedicated to inspiring, educating and outfitting its members and the community for a lifetime of outdoor adventure and stewardship. Founded in 1938 by a group of Pacific Northwest mountaineers seeking quality equipment, REI is committed to promoting environmental stewardship and increasing access to outdoor recreation through volunteerism, gear donations and financial contributions.

Retail news : Intersport expands to Morocco

The IIC-Intersport International Corp.. has signed a licensing agreement for the Moroccan market with the Intersport Spain SL.

By 2015, the opening of twelve stores is planned with an average sales area of 300 to 400 square meters each. The contract allowed the opening of exclusive Intersport shops, selling the Intersport store brands and access to all other products and services of the IIC.

For expansion into Morocco from the Intersport SL forms a joint venture with the Iska Management SL. The shareholders of this company are based in Morocco connoisseurs of Moroccan sports market and have already been operating successfully in the past in the sports retail market. Intersport SL will enter into a sub-license agreement for the Moroccan market with the joint venture Youkais Sports Maroc SA newly established.

Twelve sales areas are to be opened in 2015 in the largest cities of Morocco, such as Casablanca, Marrakech, Tangier and Agadir. The first sports shop will be open before the end of 2013 in Casablanca. The business of the first three outlets leads the Youkais Sports Maroc SA. For additional franchise store openings are planned solutions.
Morocco is now the 43 Country in which the inter-professional teams.

Original german language surce through spomo.de

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