Consumer insights from the sporting goods industry – Page 62
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News briefs
Cybex International swung to profit in the third quarter reporting...
Cybex International swung to profit in the third quarter reporting net income of $1.08 million, compared with a loss of $278,000 for the corresponding period last year. The U.S. producer of exercise equipment had sales of $34.4 million, up from $33.5 million a year ago. For the nine months ended ...
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News briefs
Life Fitness and other elements of Brunswick Corporation's fitness unit...
Life Fitness and other elements of Brunswick Corporation's fitness unit suffered a 3 percent decline in revenues to $151.9 million for the third quarter ended Sept. 29, as increases in sales to health clubs and to consumers in North America were offset by a drop of 4 percent in the ...
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News briefs
British high-street retailers are bouncing back, according to September figures...
British high-street retailers are bouncing back, according to September figures from a national accountancy firm, BDO. Comparable sales grew by 3.5 percent that month, in part thanks to heavy storms at the end of the month that prompted consumers to buy winter clothing. Fashion alone grew by 3 percent. Last ...
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News briefs
For the first time in 65 years, Italians bought more...
For the first time in 65 years, Italians bought more bicycles than cars in 2011, evidently reacting to the economic problems in their country and sharply inflated gasoline prices, which have become higher than in many other parts of Europe. A total of 1,750,000 bikes were reportedly sold in Italy ...
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News briefs
August marked the first month of 2012 that bicycle sales...
August marked the first month of 2012 that bicycle sales in the Netherlands increased. GfK's Retail and Technology Panel found that, compared with August 2011, sales were up by 4 percent. The average price rose by 7 percent. The boost was attributed partly to August's weather, which had 25 more ...
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News briefs
Bauer Performance Sports has announced a 10-year global initiative designed...
Bauer Performance Sports has announced a 10-year global initiative designed to raise hockey participation by an extra one million players, on top of current participation growth projections, by 2022. The first phase, which was announced at the annual Bauer World event early in October, will consist of a Canadian research ...
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News briefs
Sportsbransjen, the organization of the Norwegian sports industry, estimates that...
Sportsbransjen, the organization of the Norwegian sports industry, estimates that the country's sporting goods sales inched up by 1.8 percent for the first half of the year, despite a drop in sales during the second quarter. Due to the early spring weather, sales of summer products already started in March, ...
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News briefs
Yue Yuen Industrial Holdings posted net consolidated operating revenues down...
Yue Yuen Industrial Holdings posted net consolidated operating revenues down by 4 percent to $572.5 million in the quarter ended Sept. 30. Cumulative net operating revenues for the nine months were $5.38 billion, flat with the first three quarters of 2011. A major producer of athletic footwear for western brands, ...
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News briefs
Chinese sportswear brands are expected to be the first to...
Chinese sportswear brands are expected to be the first to recover from the current downturn in the economy. According to a recent research report by UBS, the sportswear segment could be one of the first discretionary consumption segments to emerge from the crisis, as an industry-wide restructuring would address issues ...
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News briefs
According to a report from the Asian Development Bank (ADB),...
According to a report from the Asian Development Bank (ADB), Asia will face a significant slowdown in its economic growth over the current year and the following one. Its new study suggests that the region's overall gross domestic product will go up by only 6.1 percent this year and by 6.7 percent ...
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News briefs
Interbrand has released the 2012 edition of its Best Global...
Interbrand has released the 2012 edition of its Best Global Brands report, which provides a ranking of the world's 100 most valuable brands on an annual basis. This year, Nike has moved down to the 26th spot from the 25th one in 2011, with a brand value estimated at $15,126 ...
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News briefs
The global market for ski hardware went up in the...
The global market for ski hardware went up in the 12 months ended in March 2012 thanks to a high rise in preorders from North American, Russian and Asian distributors, according to the annual Ski Market Study compiled by Fesi, the European sporting goods industry federation. These increases offset disappointing ...
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News briefs
The French cycling industry has gone through a rough patch...
The French cycling industry has gone through a rough patch in the first half, in contrast with the first six months of 2011. Bicycle sales have diminished by 6.5 percent, although results were different depending on the segment. Sales for urban bikes actually rose by 3.5 percent, favored by the ...
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News briefs
Sonae Group, the Portuguese company that owns the Sport Zone...
Sonae Group, the Portuguese company that owns the Sport Zone chain and many other retail operations in other sectors, has announced a 44 percent drop in net earnings to €20 million for the first half of this year, although its operating profit declined by only 3 percent to €87 million. ...
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News briefs
Manchester United's income fell by 3.3 percent to £320.3 million...
Manchester United's income fell by 3.3 percent to £320.3 million (€401.9m-$519.8m) for the year ending June 30, mainly due to the team's failure to emerge from the group stage of last season's Champions League and a disappointing FA Cup challenge, which ended in the fourth round and resulted in reduced ...
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News briefs
An estimated 19 percent of the youngsters in the four...
An estimated 19 percent of the youngsters in the four major European countries buy clothing in sporting goods stores frequently, while 49 percent visit them from time to time, and 28 percent never do, according to a survey commissioned by the Institut Français de la Mode (French Fashion Institute or ...
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News briefs
The Chinese sporting goods market should grow by nearly 13...
The Chinese sporting goods market should grow by nearly 13 percent this year to reach a level estimated at 135 billion yuan renmimbi (€16.54bn-$21.29bn), according to the Yano Research Institute. The Japanese market research firm said that health-conscious members of China's white-collar working class in their 20s and 30s continue ...
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News briefs
Real Madrid has closed the 2011-12 fiscal year with income...
Real Madrid has closed the 2011-12 fiscal year with income totaling €514 million, up by 7 percent from the previous period. It is the first international sports institution ever to cross the symbolic bar of €500 million. The club has topped the list of the wealthiest clubs, established by Deloitte, ...
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News briefs
Wolverine Worldwide says it will likely record a double-digit drop...
Wolverine Worldwide says it will likely record a double-digit drop in its European sales during the current third quarter of its financial year. Sales in the Europe, Middle East and Africa region, which account for about one-quarter of the group's total revenues, have been affected by dodgy weather and economic ...
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News briefs
Snowboard Dachstein Tauern, the Austrian company behind Blue Tomato taken...
Snowboard Dachstein Tauern, the Austrian company behind Blue Tomato taken over by Zumiez of the U.S., made a turnover of €24.5 million in the financial year ended last April 30, according to a report by its auditor, KPMG Austria. It made an operating profit (Ebit) of €4.7 million and ended ...
