Consumer insights from the sporting goods industry – Page 27
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News briefs
Sport Scheck, the big German sporting goods retailer owned by...
Sport Scheck, the big German sporting goods retailer owned by the Otto Group, resumed its growth in the financial year ended Feb. 28, rising by one percent to €300 million, thanks to a 12.6 percent increase in online sales. In its physical stores, sales declined by one percent on a ...
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News briefs
Total sales of electric bicycles, e-MTBs and speed pedelecs in...
Total sales of electric bicycles, e-MTBs and speed pedelecs in Germany, France, Italy and the Netherlands – the four main markets in Europe - increased by a combined 21 percent in 2017, according to reports in Bike Europe. France showed the biggest increase in the group, with figures up by ...
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News briefs
The share of mind among U.S. teenagers has increased strongly...
The share of mind among U.S. teenagers has increased strongly for shoe and apparel brands such as Adidas, Vans, Champion, Lululemon and Supreme, according to a semi-annual survey conducted by Piper Jeffray this spring among 6,000 people with an average age of 16.4 years. Nike, Converse and Under Armour lost ...
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News briefs
The Norwegian Alpine Ski Area Association reports an average increase...
The Norwegian Alpine Ski Area Association reports an average increase of 15 percent in the sale of tickets by ski lift operators for the whole snow sports season through Feb. 28. The season started early in November and persisted through the winter. In contrast with previous seasons, all the regions ...
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News briefs
After weak Christmas sales, which were due to high pressure...
After weak Christmas sales, which were due to high pressure during the Black Friday promotion, the sale of sporting goods in Sweden jumped by 7 percent in January. The main reason for was the abundant snow and the cold weather throughout the country, which motivated higher than average purchases of ...
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News briefs
Nike remains the world's most valuable fashion brand, according to...
Nike remains the world's most valuable fashion brand, according to Brand Finance. H&M and Zara come next, followed by Adidas, Hermès and Louis Vuitton. While Nike's estimated brand value is down by 12 percent to $28.0 billion as compared to a year ago Adidas' brand value is up by 41 ...
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News briefs
According to Virke, the Enterprise Federation of Norway, the Norwegian...
According to Virke, the Enterprise Federation of Norway, the Norwegian sporting goods industry has grown by 41 percent in the period of 2008 to 2016, and it can expect to grow by a further 4 percent in 2018 in terms of sales to the trade. At the retail level, sales ...
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News briefs
Johnson Health Tech suffered a net loss of 89.7 million...
Johnson Health Tech suffered a net loss of 89.7 million Taiwan dollars (€2.5m-$3.1m) in 2017 against a net profit of NT$19.5 million. Excluding foreign exchange and other extraordinary items, the company's net income declined by 82 percent to NY$130.6 million (€3.6m-$4.5m), as an expansion of 0.9 percentage points in the gross ...
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News briefs
Giant Manufacturing posted a 33 percent drop in net income...
Giant Manufacturing posted a 33 percent drop in net income to 82.05 billion Taiwan dollars (€2.3bn-$2.8bn) for last year because of adverse foreign exchange rates and pricing pressure from OEM clients. Total revenues declined by 3.5 percent to NT$55.2 billion (€1.5bn-$1.9bn), but they were flat in local currencies. The production also ...
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News briefs
Sport XX announced that it reached revenues of 307 million...
Sport XX announced that it reached revenues of 307 million Swiss francs (€259.9m-$320.8m) in 2017, a 6.6 percent increase on the previous year. The Swiss sporting goods retail chain, which is owned by the Migros cooperative, added two more stores in the course of last year, reaching a total of ...
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News briefs
After rising by 4.4 percent in 2016, memberships in health...
After rising by 4.4 percent in 2016, memberships in health and fitness clubs grew by 4.0 percent to 60.0 million in 2017 as compared to 2016, according to an annual report released by Europe Active and Deloitte ahead of the Fibo trade show in Cologne. Germany continued to strengthen its ...
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News briefs
Hervis Sport reported a 5.2 percent sales increase to €520...
Hervis Sport reported a 5.2 percent sales increase to €520 million last year. In particular, its sales in the domestic Austrian market increased by 6.5 percent to about €315 million, indicating a significant gain in market share. The balance of the turnover came from Hervis' stores in Germany, Slovenia, Hungary, ...
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News briefs
Wintersteiger reports a record total turnover for 2017 of €154...
Wintersteiger reports a record total turnover for 2017 of €154 million and intends to continue its rapid double-digit growth through both partnerships and acquisitions. The machinery and ski service specialist from Ried im Innkreis in Austria increased its annual sales by 10 percent, and its pre-tax profits rose by 30 ...
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News briefs
The consumption of sporting goods products grew in France by...
The consumption of sporting goods products grew in France by 3 percent to €11.3 billion including bicycles in 2017, according to preliminary figures compiled by the country's sporting goods industry federation, Union Sport & Cycle. In particular, sales grew by an estimated 5.7 percent in footwear and by 2.2 percent ...
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News briefs
Skechers' management told investors at an investors' conference organized by...
Skechers' management told investors at an investors' conference organized by UBS that it feels well-positioned to raise its operating margin from 10 percent to 12-13 percent after its heavy investments outside the U.S. One of the reasons is that the brand can obtain higher price points abroad, especially in Asia, ...
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News briefs
Zumiez is hoping to break even in Europe. It is...
Zumiez is hoping to break even in Europe. It is still losing money in the region, where it ended the past financial year on Feb. 3 with 34 Blue Tomato stores and an internet shop, because of numerous investments in the last couple of years, increased costs, sales shortfalls and ...
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Article
Nike buys into consumer analytics, Edwards quits
While reporting its quarter results last Friday (see the next story in this issue), Nike announced that it has taken over Zodiac, a consumer data analytics firm operating out of New York and Philadelphia. The acquisition is meant to add to Nike's resources in terms of consumer data and analytics, ...
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News briefs
Wolverine Worldwide has become the target of at least 90...
Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...
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News briefs
Erima reported that it increased its sales by 3 percent...
Erima reported that it increased its sales by 3 percent to €66 million in 2017, as compared to the previous year. In Germany, sales rose by 5 percent, while sales outside Germany, the company's domestic market, grew by 25 percent. Sales in Belgium went especially well. Erima reported an increase ...
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News briefs
BasicNet reports a final net consolidated profit of €10.6 million...
BasicNet reports a final net consolidated profit of €10.6 million for 2017, representing an increase of 3.3 percent from the previous year. As previously reported, the group's aggregated sales rose by 1.1 percent to €747.8 million. Ebitda went up by 7.3 percent to €23 million. Net debt increased to €61.5 ...
