Consumer insights from the sporting goods industry – Page 40
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News briefs
Li Ning, the Chinese sports company that has been struggling...
Li Ning, the Chinese sports company that has been struggling to take advantage of the market's clean-up in the last two years, says it will break even in 2015 after three years of losses, based on unaudited numbers for the eleven months until the end of November. The company suffered ...
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News briefs
Sales have been slowing down lately at Pou Sheng International,...
Sales have been slowing down lately at Pou Sheng International, the retail and distribution subsidiary of Yue Yuen. Based on preliminary figures, the company's operating revenues grew by 16.2 percent to $2.30 billion in 2015, but they were up by only 8.5 percent in November and by 1.7 percent in ...
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News briefs
Peak Sport Products, the Chinese sports footwear and apparel brand,...
Peak Sport Products, the Chinese sports footwear and apparel brand, said that orders increased at a low-teens rate at wholesale prices at its sales fair for the third quarter of this year. Basketball and running footwear remained the brand's best-selling products, due to rising demand for performance sports products. Footwear ...
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News briefs
Issuing its second profit warning in three months, Pittards, the...
Issuing its second profit warning in three months, Pittards, the U.K.-based leather producer, said it will make a reasonable profit for this year, but it will be materially below forecasts, due to the slowdown in China and Russia. These two factors are apparently offsetting the impact on margins from lower ...
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News briefs
Himaraya, the Japanese sporting goods retailer, said that it suffered...
Himaraya, the Japanese sporting goods retailer, said that it suffered a loss of nearly 2.5 billion yen (€19.0m-$20.8m) for the first quarter of its fiscal year, to the end of November. This compares with a loss of ¥955.8 million (€7.3m-$7.9m) for the same period last year. Sales were off by ...
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News briefs
Dunlop Sports Co. has suspended payment of its dividend and...
Dunlop Sports Co. has suspended payment of its dividend and reduced executive pay for three months from January, after a sharp sales decline at Cleveland Golf Company and a large impairment loss on the shares of this subsidiary. Dunlop Sports said in a statement that the golf company is struggling ...
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News briefs
Online shopping is getting more and more popular in the...
Online shopping is getting more and more popular in the EU, and sporting goods are a major attraction. According to recent data by Eurostat 53 percent of all EU citizens purchased goods or services online in 2015. Of the online customers, 60 percent bought clothes and sports goods, followed by ...
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News briefs
Lululemon has reduced its full-year guidance due to a sharp...
Lululemon has reduced its full-year guidance due to a sharp decline in profit margins for the third quarter of its fiscal year, ended Nov. 1. The group's turnover advanced by 14 percent to $479.7 million for the quarter. Sales were up by 9 percent in comparable terms and in constant ...
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News briefs
Intersport PSC Holding, the Swiss licensee of Intersport International Corporation,...
Intersport PSC Holding, the Swiss licensee of Intersport International Corporation, reports a 31.8 percent improvement in its net profit to 1,926,000 Swiss francs (€1,786,000-$1,791,000) for the financial year ended last Sept. 30 in spite of an 18.8 percent decrease in its revenues to CHF 161.7 million (€149.9m-$162.2m), due in part ...
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News briefs
On the back of relatively strong trading in the last...
On the back of relatively strong trading in the last two months, the board of the JD Sports Fashion group predicts that its profit before tax and exceptional items for the current financial year is likely to reach £10 million more than market expectations of £125 million (€172.1m-$189.5m). The board ...
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News briefs
Sports participation in the U.K. continues to rise, according to...
Sports participation in the U.K. continues to rise, according to the latest Sport England Active People Survey. The study, which covers the period between Oct. 2014 and Sept. 2015, reveals that 15.74 million people aged 16 and over played at least 30 minutes of sport at moderate intensity at least ...
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News briefs
According to recent data by Sports Marketing Surveys (SMS), football...
According to recent data by Sports Marketing Surveys (SMS), football participation in the U.K. peaks in popularity among 6-13s, with more than a third playing. From this point the percentage of participants drops steadily to 13 percent at age 18. It holds steady between 25 and 44, and finally falls ...
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News briefs
Johnson Outdoors turned around to a net profit of $1,167,000...
Johnson Outdoors turned around to a net profit of $1,167,000 in its fourth quarter ended Oct. 2 from a loss of $876,000 in the year-ago period. Sales increased by one percent to $85.7 million in the seasonally slow period, but they were flat at $47.6 million in outdoor and fell ...
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News briefs
Belle International reports a same-store increase of 6.0 percent in...
Belle International reports a same-store increase of 6.0 percent in the third quarter through the end of November for its sportswear and apparel business, which consisted of 6,796 directly operated stores for major sports brands in Mainland China, mostly single-brand, at the end of the period. With 20,506 stores at ...
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News briefs
In a preliminary statement, Intersport's Swiss licensee, Intersport PSC, said...
In a preliminary statement, Intersport's Swiss licensee, Intersport PSC, said that its consolidated net profit rose to 1.9 million Swiss francs (€1.7m-$1.8m) in the latest financial year from CHF 1.5 million in the previous one. The results improved thanks to cost controls and extraordinary gains in spite of a decline ...
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News briefs
The launch of the Spark, a sports and fitness watch...
The launch of the Spark, a sports and fitness watch integrating a heart-rate monitor and permanent activity tracking, among other features, supported sales growth of 5 percent to €146.0 million in the third quarter for the consumer product division at TomTom, excluding automotive hardware. Coming in several versions, the Spark ...
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News briefs
Stella International sees the demand for sports fashion styles continuing...
Stella International sees the demand for sports fashion styles continuing to grow in China, helping the Chinese manufacturer of athletic and fashion footwear to record higher orders in the last quarter of this year and in 2016. In the third quarter ended Sept. 30, the group's revenues increased by 6 ...
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News briefs
Intersport Austria has not been hurt in the end by...
Intersport Austria has not been hurt in the end by the departure of its former biggest member, Sport Eybl & Sports Experts, bought by Sports Direct International two years ago. The retail organization has reported a 6.5 percent sales increase to about €500 million during the financial year ended Sept. ...
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News briefs
Noting that the company's operating profit before amortization had fallen...
Noting that the company's operating profit before amortization had fallen by 2.5 million Australian dollars (€1.7m-$1.8m) in the first four months of its financial year, Billabong International's management warned shareholders at the company's annual meeting about some external challenges to its turnaround plan. It listed among other problems the decline ...
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News briefs
Globeride saw its revenues go up by 5 percent to...
Globeride saw its revenues go up by 5 percent to 41,406 million yen (€318.3m-$336.6m) in the first half ended Sept. 30, with strength in fishing and golf, yet net earnings were down by 9 percent to ¥1,579 million (€12.1m-$12.8m) because of higher non-operating expenses. Citing the malaise of the Japanese ...
