Financial insights for the sporting goods industry – Page 101
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News briefs
The introduction of Cardio GPS sports watches led TomTom to...
The introduction of Cardio GPS sports watches led TomTom to more than double its revenues from sports products in the second quarter. It helped its Consumer Division to record only a small decline to €169 million from €172 million, in spite of a 17.4 percent drop in automotive hardware to ...
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News briefs
Garmin's sales in the Fitness segment jumped by 79 percent...
Garmin's sales in the Fitness segment jumped by 79 percent to $150.7 million in the second quarter ended June 28 on the strength of its Vivofit fitness trackers, its lower-priced Forerunner watches and the new Edge 1000 cycling computer. This led the segment's operating margin to improve to 42 percent. ...
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News briefs
Kesko Oy reported sales declines of 11.2 percent at Intersport...
Kesko Oy reported sales declines of 11.2 percent at Intersport Finland and 13.8 percent at Intersport Russia for the second quarter ended June 30. For the first six months of this year, they were off by 10.5 percent and 21.9 percent, respectively. The profitability of Intersport Finland remained at a ...
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News briefs
The European Outdoor Group (EOG) reported at the OutDoor fair...
The European Outdoor Group (EOG) reported at the OutDoor fair that the European outdoor market increased by 3.1 percent to an estimated level of €4,776 million at the wholesale level last year, based on its annual market research study. Extrapolating mark-ups, the EOG has calculated that the market was worth ...
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News briefs
Halfords Group registered higher revenues in the first quarter ended...
Halfords Group registered higher revenues in the first quarter ended June 27, driven by strong growth in bicycle sales. The British retailer said comparable store sales of cycling products grew 21.3 percent, compared with a consolidated comparable store sales increase of 7.9 percent across all its retail segments, which include ...
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News briefs
Macintosh Retail Group, parent company of Brantano, Scapino and other...
Macintosh Retail Group, parent company of Brantano, Scapino and other major shoe retail chains in the Netherlands, Belgium and the U.K., has outlined a €180 million refinancing package intended to strengthen its shoe formats and its omni-channel retail operations. After a rise of 7.8 percent in the first quarter of ...
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News briefs
Sequential Brands, which owns and licenses out Heelys, DVS and...
Sequential Brands, which owns and licenses out Heelys, DVS and Revo, among other brands, has reported a financial turnaround for the fiscal year ended last Dec. 31. On a pro forma basis, it generated income of $4,173,000 from continuing operations, versus losses of $39,161,000 in the previous year. Revenues, which ...
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Short stops
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimates that...
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimates that 176 plants have had to close down after the Rana Plaza disaster in April 2013, under pressure from wage increases, labor unrest and new safety requirements
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News briefs
Peak Sport Products, the Chinese sports apparel and footwear supplier,...
Peak Sport Products, the Chinese sports apparel and footwear supplier, said that orders for deliveries in China in the first quarter of 2015 increased at a mid-teens rate at wholesale prices during its latest sales fair. The group has enjoyed growing orders for four consecutive seasons, which it regards as ...
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News briefs
After eliminating its losses in the German market two years...
After eliminating its losses in the German market two years ago, Zalando announced on Friday that it had finally reached breakeven in terms of operating results (Ebit) for the big Berlin-based online retailer during the second quarter ended June 30. This would compare to a negative margin of 9 percent ...
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News briefs
During its annual convention, held on June 22 in Mainhausen,...
During its annual convention, held on June 22 in Mainhausen, the ANWR Group reported an increase of 3 percent to €7.8 billion in transactions through the group in 2013. ANWR Schuh, ANWR Garant International (AGI) and the other directly managed buying groups recorded a combined increase of 4.1 percent to ...
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News briefs
Intersport Germany wants to invest €20 million to expand its...
Intersport Germany wants to invest €20 million to expand its Red Blue showroom and exhibition centre in Heilbronn by 8,000 to 10,000 square meters. The Red Blue centre hosts the six annual ordering fairs organised by Intersport for its members, with about 80 participating suppliers. Another €30 million is to ...
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News briefs
Grey and wet winter weather resulted in a small decline...
Grey and wet winter weather resulted in a small decline of 0.58 percent in sporting goods retail sales in Norway in the first quarter of 2014, despite a record month in January, according to Sportsbransjen. As reported by a Norwegian newspaper, DN, XXL was a clear winner with an increase ...
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News briefs
This year, Helly Hansen had its best quarter ever with...
This year, Helly Hansen had its best quarter ever with a sales increase of 24 percent as compared to a year ago. The Norwegian outdoor company is predicted to reach a sales increase of 25 percent for the full year. Currently, Scandinavia, the U.K. and Canada are the focus markets ...
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News briefs
Quoting GfK and Asmas, the Swiss sporting goods retailers' association,...
Quoting GfK and Asmas, the Swiss sporting goods retailers' association, the Swiss Sport+Mode reports a 2.4 percent drop in the Swiss market for the first quarter of 2014, after an increase of the same magnitude in the fourth quarter of 2013. Here also, the weather was the main cause of ...
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News briefs
Sporting goods retail sales increased in Sweden in April for...
Sporting goods retail sales increased in Sweden in April for the second consecutive month. According to HUI Research, they grew by 1.5 percent compared with the same month last year. Based on the same number of working days, sales increased by 9 percent. This brings the cumulative growth in the ...
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News briefs
According to GfK, whose figures were quoted in the Sport+Mode...
According to GfK, whose figures were quoted in the Sport+Mode magazine, the German sporting goods market fell by an estimated 3 percent in the first quarter of 2014, dragged down by declines of 6 percent in both apparel and equipment. Sales of sports shoes increased by 4 percent, thanks especially ...
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News briefs
Fila Korea has reported a 36 percent improvement in operating...
Fila Korea has reported a 36 percent improvement in operating profit to 29.6 billion Korean won (€21.43m-$29.25m) in the first quarter on 17 percent higher revenues of KRW 199.2 billion (€144.21m-$196.89m). The results were driven by Fila USA, whose sales grew by 36 percent to $77.9 million. Sales in Korea went ...
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News briefs
In the first quarter of this year, the 127 companies...
In the first quarter of this year, the 127 companies that belong to Assosport, Italy's sporting goods industry association improved their sales results, thanks primarily to an estimated jump of 15 percent in their sales abroad, which represent around 75 percent of their total turnover. For all of 2013, the ...
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News briefs
The Dutch sporting goods retail market fell by an estimated...
The Dutch sporting goods retail market fell by an estimated 3.9 percent in the first quarter of 2014 according to the Inretail Sports Monitor. In February and March, it declined at a slower rate than in January. Particularly strong drops took place in winter sports and winter fashion apparel because ...
