Financial Results – Page 93
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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 ...
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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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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
In a presentation to financial analysts, Crocs predicted that its...
In a presentation to financial analysts, Crocs predicted that its sales will fall about $10 million below its previous forecasted range of $280 to $290 million during the third quarter of this year. The revised guidance stems from the strong dollar and the company's decision to hold back about $6 ...
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News briefs
Nike moved up to the 17th place in Interbrand's annual...
Nike moved up to the 17th place in Interbrand's annual ranking of the world's most valuable brands, up from the 22nd position it had obtained on its 2014 listing. Adidas instead fell from the 59th spot to the 62nd one. Luxury brands such as Louis Vuitton, Gucci and Burberry also ...
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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
Vietnam's leather and footwear sector registered a 18.4 percent increase...
Vietnam's leather and footwear sector registered a 18.4 percent increase and earned $8.8 billion in export revenues in the first nine months of the year, according to Vietnam's Ministry of Planning and Investment. In that period the sector produced 241.9 million pairs of shoes, which represent an increase of 24.1 ...
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News briefs
The Brits lead European rankings in online shopping. According to...
The Brits lead European rankings in online shopping. According to a new study by the UK Office of National Statistics, almost 80 percent of U.K. shoppers made a purchase online last year, more than any other country in the EU. Scandinavian countries registered similar figures, with 79 percent of the ...
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News briefs
The websites that do not load fast enough negatively affect...
The websites that do not load fast enough negatively affect brands. According to a new study in the U.K. by Rackspace, a cloud computing company, 83 percent of British consumers have declared that consistently slow or unavailable websites negatively affect their brand loyalty. The survey, which was conducted on 2,000 ...
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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
361° reports a 15 percent increase in orders taken at...
361° reports a 15 percent increase in orders taken at its recent summer in-house fair at its industrial complex in Jinjiang City. The growth was driven by an increase of 9 percent in volume and 14 percent in average selling prices for the company's footwear products, especially in the running ...
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News briefs
Noting that consumer confidence is improving in Japan, Himaraya is...
Noting that consumer confidence is improving in Japan, Himaraya is predicting increases in its current financial year of 5 percent in sales, 9 percent in operating income and 13 percent in net profit. For the financial year ended Aug. 31, the Japanese sporting goods retailer has reported a 44 percent ...
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News briefs
Reporting on some preliminary results before and during an investors'...
Reporting on some preliminary results before and during an investors' conference, Wolverine Worldwide's management indicated that its revenues declined by between 4 and 5 percent in the second quarter. They were flat in terms of local currencies and excluding the phase-out of the Patagonia license and the closure of retail ...
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News briefs
Manchester United has reported a 16 percent drop in retail,...
Manchester United has reported a 16 percent drop in retail, merchandising, apparel and product licensing revenues to £31.6 million (€43.3m-$49.5m) for the financial year ended June 30, including an 11 percent decline in the fourth quarter. ManU blamed the drops on reduced guaranteed revenues from Nike due to the team's ...
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News briefs
The recovery of the Spanish market has been confirmed by...
The recovery of the Spanish market has been confirmed by the latest figures from El Corte Inglés, the large Spanish retail group that is also the second-largest sporting goods retailer in the country. The company has reported higher operating results for the financial year ended Feb. 28: Operating earnings before ...
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News briefs
According to a new report by the Norwegian Health Directorate,...
According to a new report by the Norwegian Health Directorate, the number of people doing sufficient physical activity in Norway has risen by 4 percent over the past five years. In terms of inhabitants, the figures mean that over 200,000 people are more physically active now than five years ago. ...
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News briefs
The turnover of Li & Fung declined by one percent...
The turnover of Li & Fung declined by one percent to $8.63 billion in the first half, reflecting macroeconomic conditions. It remained flat in the U.S. and fell by 13 percent in Europe. It grew by 14 percent in Asia but dropped by 9 percent in the rest of the ...
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News briefs
New Wave Group reported a 21 percent increase in consolidated...
New Wave Group reported a 21 percent increase in consolidated sales to 208 million Swedish kronor (€21.9m-$24.7m) for the second quarter, but 52 percent of the growth was attributed to currencies. The Sport & Leisure segment, which includes Craft, Cutter & Buck and the distribution of Speedo and Umbro in ...
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News briefs
The revenues of China Dongxiang rose by 28.4 percent to...
The revenues of China Dongxiang rose by 28.4 percent to 597 million yuan renmimbi (€82.9m-$93.4m) in the first half ended June 30, leading to a 202 percent jump in net income to RMB 290 million (€40.3m-$45.4m). A big boost came from a 46.4 percent sales increase to RMB 464 million ...
