Consumer insights from the sporting goods industry – Page 41
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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News briefs
Moncler's revenues jumped by 25 percent, or by 17 percent...
Moncler's revenues jumped by 25 percent, or by 17 percent at constant currencies, during the first nine months of the year compared with the same period last year, with revenues reaching €561.5 million. Growth was driven by the weak euro, particularly in the Americas. Revenues grew in all regions, with ...
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News briefs
Fila Korea turned around to a net loss of 17,884...
Fila Korea turned around to a net loss of 17,884 million Korean won (€14.6m-$15.4m) in the third quarter ended Sept. 30 from a net profit of KRW 21,370 million in the year-ago period. Revenues increased by 4 percent to KRW 196,383 million (€157.6m-$166.2m), but they fell by 13 percent at ...
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News briefs
Yonex' net profit rose by 12 percent to 1,217 million...
Yonex' net profit rose by 12 percent to 1,217 million yen (€9.4m-$9.9m) in the first half ended Sept. 30, as sales went up by 6 percent to ¥25,218 million (€193.9m-$205.1m). The conversion of the business in China from a distributor to a direct mode led to a 175 percent jump ...
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News briefs
Sales rose by 4.4 percent to 26,039 million yen (€200.2m-$211.7m)...
Sales rose by 4.4 percent to 26,039 million yen (€200.2m-$211.7m) at Goldwin in the first half through Sept. 30, and its operating profit increased by 37.9 percent to ¥429 million (€3.3m-$3.5m). However, the Japanese company's net income fell by 24 percent to ¥510 million (€3.9m-$4.1m) due to store closures and ...
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News briefs
Spy's net loss widened to $788,000 in the third quarter...
Spy's net loss widened to $788,000 in the third quarter from a loss of $19,000 in the same period a year ago as the U.S. company's sales fell by 14.6 percent to $9,370,000 during the period. The gross margin declined sharply to 43.7 percent from 49.2 percent in the same ...
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News briefs
Li Ning reported that its same-store sales increased at a...
Li Ning reported that its same-store sales increased at a high single-digit rate for the third quarter, in its stores and through its online retailing business. Sales in its own stores were up at a mid-single-digit rate, while sales through franchised distributors advanced at a low single-digit rate. The comparable ...
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News briefs
Sales in the fitness division of Brunswick Corporation, the owner...
Sales in the fitness division of Brunswick Corporation, the owner of the Life Fitness brand, advanced by 4 percent to $197.5 million for the third quarter. They were driven by increased sales to U.S. health clubs, local and federal governments, and they included an acquisition finalized in the third quarter. ...
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News briefs
A new survey by Piper Jaffray, the U.S. investment bank,...
A new survey by Piper Jaffray, the U.S. investment bank, again ranked Nike as the favorite apparel brand among U.S. teenagers. About 27 percent of respondents pointed to Nike as their preferred clothing brand, way ahead of Forever 21 with 7 percent and American Eagle with 6 percent. Nike's popularity ...
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News briefs
Sales at Intersport Finland shrank by 4.5 percent to €46...
Sales at Intersport Finland shrank by 4.5 percent to €46 million for the third quarter, according to the quarterly results released by Kesko, the large Finnish retail group that owns the Intersport license in Finland and Russia. For the first nine months of the year, sales for Intersport Finland were ...
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News briefs
361 Degrees, one of China's leading sports apparel and footwear...
361 Degrees, one of China’s leading sports apparel and footwear brands, said that its comparable store sales increased by 8.1 percent in the third quarter. The channel inventory reached a level of 4.1 months of stock held for resale. The average retail discount for the period was 23 percent. The ...
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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News briefs
GoPro reported a 43.0 percent sales increase to $400.3 million...
GoPro reported a 43.0 percent sales increase to $400.3 million for the third quarter, falling short of analysts' estimates due to disappointing sales of cameras. Sales in Europe, the Middle East, Africa (EMEA) jumped by 179 percent to $156.6 million, while the Asia-Pacific region booked a 178 percent increase to ...
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News briefs
Sports Marketing Surveys (SMS) has published a new study on...
Sports Marketing Surveys (SMS) has published a new study on international sporting participation, which is said to offer unprecedented comparative findings. The release of the report follows two years of research and the analysis of 27 sports in 21 countries on six continents. The survey of 63,000 households includes information ...
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News briefs
Zalando warns investors that its sales will be up by...
Zalando warns investors that its sales will be up by between 33 and 35 percent in 2015, up from a previously forecast range of 28-31 percent, but they will generate an operating margin of 3 to 4 percent, less than the anticipated margin of 4-5 percent. The updated forecast for ...
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News briefs
In a preliminary statement, Yue Yuen Industrial Holdings said its...
In a preliminary statement, Yue Yuen Industrial Holdings said its operating revenues increased by 5.7 percent to $6.28 billion in the first nine months of this year. The growth was driven by Pou Sheng, the company's retail subsidiary, whose sales went up by 19.9 percent to $1.75 billion during the ...
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News briefs
Wolverine Worldwide, which is due to report its third-quarter results...
Wolverine Worldwide, which is due to report its third-quarter results tomorrow, told the Goldman Sachs Retail Conference last month that foreign currencies will continue to impact its profitability through the first quarter of 2016. Product costs are affecting gross margins, but they are slightly mitigated by lower commodity prices. Operating ...
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News briefs
Jarden Corp. expects to report sales figures for the third...
Jarden Corp. expects to report sales figures for the third quarter on Oct. 29 that will exceed the high end of its annual targeted range of 3-5 percent for organic growth. Earnings per share should fall within the financial analysts' consensus.
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Short stops
Quoting Golf Data Tech's UK Retail Audit, FootJoy says it...
Quoting Golf Data Tech's UK Retail Audit, FootJoy says it has raised its market share in the British golf shoe market to 51.6% in value
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News briefs
Garmin warns that its annual revenues will be more likely...
Garmin warns that its annual revenues will be more likely around $2.8 billion, down from a previous projection of $2.9 billion, with sales in its fitness and outdoor segment coming out weaker than previously expected. Fitness should grow by 15 percent and outdoor should be down by 4 percent. For ...
