Performance Apparel Markets - Grado Zero Espace Srl
Performance Apparel Markets - Grado Zero Espace Srl
Performance Apparel Markets - Grado Zero Espace Srl
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<strong>Performance</strong> <strong>Apparel</strong> <strong>Markets</strong>, 1st quarter 2006<br />
Business update<br />
accounted for a larger percentage of overall sales.<br />
Worldwide brand sales<br />
were up by 18% to<br />
Euro2.4 bn<br />
Puma expanded its own<br />
retail operations with the<br />
addition of 20 new stores<br />
Its gross profit margin rose<br />
by 52.3% to reach a new<br />
record high for Puma and<br />
for the entire sporting<br />
goods industry<br />
Net profits grew by 10.5%,<br />
representing the seventh<br />
year of double digit growth<br />
Future orders reached the<br />
Euro1 bn mark<br />
Puma has raised its sales<br />
targets as it enters the first<br />
year of Phase IV<br />
Sales should reach<br />
Euro2.3 bn in 2006<br />
The chief executive<br />
officer expects record<br />
sales in 2006 and 2007<br />
Quiksilver, a surfing<br />
related apparel<br />
specialist, says that its<br />
sales grew by 58% in the<br />
first quarter of 2005/06<br />
Sales from the<br />
acquisition of Rossignol<br />
amounted to US$192 mn<br />
Worldwide brand sales, ie consolidated sales plus licence sales,<br />
reached Euro2.4 bn in 2005—representing an increase of 18%<br />
compared with 2004. Within this figure, licensed sales increased by<br />
25.4% to reach Euro610 mn.<br />
Puma expanded its own retail operations during 2005. The addition of<br />
20 new stores brought the total number to 66. Sales from these stores<br />
increased by 47.2% to Euro247 mn during 2005.<br />
Puma’s gross profit margin rose to 52.3%, a new record high for<br />
Puma and for the entire sporting goods industry according to the<br />
company. Another first for the company came when its pre-tax profit<br />
rose above the Euro400 mn mark to Euro404.1 mn, representing an<br />
increase of 10.8% compared with 2004.<br />
Meanwhile, its net profit grew at a rate of 10.5%—representing the<br />
seventh consecutive year of double digit growth—to Euro285.8 mn,<br />
from Euro258.7 mn in 2004.<br />
Future orders as at December 31, 2005, reached the Euro1 bn mark<br />
for the first time, having risen by an impressive 30% compared with<br />
the figure for 2004.<br />
Partly as a result of the strong future orders, Puma has raised its sales<br />
targets as it enters the first year of Phase IV of its long-term<br />
development plan, which was initiated in 1993.<br />
The company now expects consolidated sales to reach Euro2.3 bn<br />
during 2006.<br />
Puma’s chief executive officer, Jochen Zeitz, commented that,<br />
following better than expected results in 2005 and a positive start to<br />
Phase IV, he was confident that the company would achieve record<br />
sales in 2006 and 2007.<br />
QUIKSILVER<br />
The USA-based company Quiksilver—which specialises in surfing<br />
related apparel—has released the results for the first quarter of its<br />
2005/06 financial year, which ended on January 31, 2006. Sales for<br />
the first quarter increased by 58% to US$541.1 mn compared with<br />
US$342.9 mn in the first quarter of the previous year.<br />
Sales from the company’s acquisition of Rossignol in July<br />
2005—which included Cleveland Golf—amounted to US$192 mn<br />
during the first quarter of 2005/06.<br />
© Textiles Intelligence Limited 55