Financial Results – Page 55
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News briefs
Buff reports 63% growth in the past year
Buff closed its fiscal year on April 30 with record sales of €85 million, a growth of 63 percent as compared to the previous year. The Spanish neckware and headware company attributed the good performance to the boom in outdoor sports and the production of protective equipment during the pandemic. ...
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ArticleA drop of 9% at Sport 2000 International
Sport 2000 International reports a decline in the retail sales of its affiliated members of almost 9.0 percent in terms of euros to €4,326 million in 2020, due to the pandemic. The figure includes VAT and applies to the 3,615 stores managed by retailers in 22 countries by the end ...
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Article
Improving results at retail in Japan
Improving results have been reported by the three major Japanese sports retailers. Xebio finished its own fiscal year on March 31 with a second sequential quarterly increase in revenues, but not enough to offset previous declines. Its net income for the full financial year inched up to ¥412 million (€3.1m-$3.8m) ...
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Article
Some more Japanese brands are turning the corner
Besides Asics, Mizuno and Goldwin, whose latest results have already been covered, some other Japanese companies have reported better results for the three months of 2021. The foreign exchange impact was slight. For one of them, Yonex, this was insufficient to record an improvement for the full financial year, however. ...
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Article
Topsports’ annual revenues grew by 7%
Topsports, the leading Chinese sports retailer and distributor, which previously belonged to Belle International, has reported a 20 percent increase in net income to 2,770.1 million yuan renmimbi (€355.0m-$401.5m) for the financial year ended Feb. 28 on a 7 percent increase in sales to RMB 36,009 million (€4,014.0m-$5,218.7m). The gross ...
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News briefs
Munich’s sales decline year-on-year but beat 2018’s
Munich, the Spanish brand of sports and lifestyle sneakers, has reported sales of €40.9 million for 2020, down 8 percent year-on-year, but still up from 2018. The Catalonian shoe brand says the effects of Covid-19 were “significantly more favorable than projected.” About 88 percent of the revenues were generated in ...
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Article
Goldwin turns around in Q4, budgets 10% growth
Goldwin’s sales fell by 7.6 percent to ¥90,479 million (€678.0m-$830.5m) in the financial year ended March 31, 2021, while operating profit declined by 15.1 percent to ¥14,838 million (€111.2m-$136.2m), better than a forecast made in February for declines of 10.1 percent and 28.5 percent, respectively. Attributable earnings inched down by ...
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Article
VF is positive about 2022 as growth accelerates
VF Corp ended its fiscal year on a high note, prolonging a recovery that started in the second quarter. For the fourth quarter ended March 31, the company confirmed that its momentum is accelerating, delivering revenues that increased by 23 percent to $2,582 million, or by 19 percent in constant ...
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News briefs
Rapid growth for Aybl, a British gymwear start-up
Fashion Network reports that Aybl, a DTC brand of women’s gymwear based in Redditch, U.K., has seen remarkable growth in sales. So far over its three-year history the brand has raked in revenues of £10.3 million (€12.0m-$14.6m) through its international web store. It hopes to reach £50 million (€58m-$71m) by ...
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ArticleDeckers projects sales of over $1 bn for Hoka
Deckers Brands’ sales growth gained momentum in the fiscal fourth quarter, led by the continued global expansion of Hoka One One and a strong showing at its core Ugg brand. In the three months ended March 31, the group’s revenues increased by 49.7 percent to $561.2 million and were up ...
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Article
Fila group sees a 25.1% sales gain in Q1, but Europe is down
The booming golf market came in handy for the Korean-based Fila group, boosting the revenues of its controlled Acushnet subsidiary. As a group, Fila Holdings thus saw its revenues rise by 25.1 percent to 988,281 million Korean won (€717.2m-$875.4m) in the first quarter, leading to a 239.7 percent jump in ...
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Article
Descente’s annual sales fall by 22% despite a Q4 rebound
Descente, the Japanese sportswear group, posted revenues for the financial year ended March 31 of 96,862 million yen (€727.2m-$887.8m), down by 22.2 percent on the year earlier, due to the cancellations of events and competitions, plus the closure of retail stores due to the Covid-19 pandemic. The decline in its ...
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News briefs
Iconix turns around, rising in Europe
The Iconix Brand Group turned around to a net profit of $4.2 million in the first quarter, boosted by a $15 million gain on the sale of the Lee Cooper trademark in China, as compared to a loss of $21.8 million in the year-ago period, where it reported impairment charges ...
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News briefs
Technogym grows by 10.2%, with B2C home fitness up by 129.2%
Technogym reported a revenue increase of 10.2 percent to €128.7 million in the first quarter of 2021, with a growth of 13.1 percent in constant currencies. In terms of euros, they rose by 26.0 percent in Italy, by 1.3 percent in the rest of Europe, by 29.1 percent in Asia/Pacific ...
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Article
Canada Goose rises by 33.7%
While reporting a 33.7 percent rise in fourth-quarter sales to 208 million Canadian dollars (€141.4m-$171.7m), an upbeat Canada Goose said it expects revenues to exceed C$1 billion (€680m-$826m) for the first time for the current financial year as it plans to open 10 new stores - six in Asia/Pacific, two ...
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Article
Yue Yue swings to Q1 profit
Yue Yuen Industrial posted a net profit of $85.4 million in the first quarter, in the middle of the $80-90 million range that it predicted in April, compared with a loss of $56.3 million the year earlier. The gross margins of its manufacturing business and its Chinese retail subsidiary, Pou ...
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ArticleLed by Europe, Asics returns to profits in Q1 on 25% higher sales
Asics Corp. reported a 24.8 percent sales increase to 106,549 million Yen (€802,901-$974,477) for the first quarter of 2021, with increases of 43.4 percent in Europe, 20.1 percent in North America, 95.8 percent in Greater China and just 0.5 percent in Japan. E-commerce outperformed, rising by 86 percent overall, with ...
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Article
Mizuno finishes the year down by 11.4%
Net income returned to growth for Mizuno Corp. in the fourth quarter of its financial year, ended March 31, with net earnings rising by 28 percent to ¥1,811 million yen (€13,636-$16,550). The quarterly revenues fell by 7 percent to ¥43.7 billion (€329.1m-$399.4m), growing only in the Americas region because of ...
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Article
Amazon doesn’t owe any taxes in Europe
Amazon EU has won an appeal to Europe’s General Court against a 2017 ruling by the European Commission that ordered it to pay €250 million in back taxes to the government of Luxembourg, which were considered as “illegal state aid.” The Commission reacted with a plea for an international agreement ...
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ArticleAlibaba posts a quarterly loss due to an anti-trust fine
Alibaba reported an attributable net loss of 5.5 billion yuan renminbi (€710m-$836m) for the fourth quarter ended March 31, primarily due to a RMB 18.2 billion (€2.3bn-$2.8bn) anti-trust fine imposed by Chinese anti-trust regulators which charged the company of abusing its dominant market position. The fine represented about 4 percent ...
