Financial insights for the sporting goods industry – Page 105
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News briefs
Foot Locker has reported a mid-single-digit sales increase in its...
Foot Locker has reported a mid-single-digit sales increase in its European stores and at Runners Point, the recently acquired German retail chain, during its third quarter, ended Nov. 2. Sales of basketball shoes were particularly strong in Europe. The German market performed well, while Italy and Spain were weak. Overall, ...
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News briefs
Fila Korea has reported an increase in operating income to...
Fila Korea has reported an increase in operating income to 22,858,323,146 Korean won (€15.9m-$21.8m) for the three months ended on Sept. 30, up from KRW16,057,186,715 for the same period a year ago. Revenues rose by 24 percent to KRW179,348,055,053 (€124.5m-$170.8m). However, the company had a net loss of KRW8,345,774,036 ...
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News briefs
The latest Mach Consumer study, which analyses trends in the...
The latest Mach Consumer study, which analyses trends in the Swiss sports market every two years, indicates that 10.6 percent of the Swiss population purchased sporting goods online or through a mail order catalog in the last 12 months, up from 7.1 percent in 2005. The study also showed decreases ...
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News briefs
According to the HUI Research institute, retail sales of sporting...
According to the HUI Research institute, retail sales of sporting goods in Sweden continued to increase in October, rising by 4 percent when compared with the same month last year. They have gone through many waves during 2013, yet the total accumulated sales for the first ten months are still ...
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News briefs
Accell Group expects to post higher sales for the second...
Accell Group expects to post higher sales for the second half of its financial year in all its product groups and in the major markets. Poor spring weather inflated inventories and led to strong discounting. Pre-season orders for new bikes have declined as retailers have frequently moving them to next ...
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News briefs
IC Companys has reported a sales increase of 2 percent...
IC Companys has reported a sales increase of 2 percent to 344 million Danish crowns (€46.1m-$63.0m) in its Premium Outdoor segment, which comprises the Peak Performance brand, for the first quarter of its financial year. Sales went up at the wholesale level but the retail channel had a disappointing performance, with ...
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News briefs
Dutch sporting goods retailers suffered a sales decline of 2.1...
Dutch sporting goods retailers suffered a sales decline of 2.1 percent in the third quarter as compared to the same period of 2012, according to the retail panel conducted by INRetail. The number of transactions went up by 5.5 percent, but with a 3.6 percent drop in the average amount ...
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News briefs
Kering has warned investors that its profits for the full...
Kering has warned investors that its profits for the full financial year will be “significantly” lower than in 2012 because of extraordinary charges at Puma and at La Redoute, a big French mail order company that it is about to divest. According to reports, the disposal of La Redoute could ...
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News briefs
The volume of ski products sold to the trade fell...
The volume of ski products sold to the trade fell by more than 20 percent for the 2012/13 season, according to figures collected by the Italian Ski Pool from all the major suppliers. The data show year-on-year declines of 21.17 to 173,837 pairs for skis, 22.1 percent to 171,464 pairs ...
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News briefs
After shaky sales in August, the turnover of Swedish sporting...
After shaky sales in August, the turnover of Swedish sporting goods retailers bounced back in September, rising by 2.2 percent against the same month last year. The cumulative sales for the first nine months of 2013 still show a drop of 0.2 percent as compared to the same period of ...
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News briefs
At 563 million Swedish kronor (€62m-$84m), sales in the Sports...
At 563 million Swedish kronor (€62m-$84m), sales in the Sports & Leisure segment were virtually unchanged in the third quarter for New Wave Group, parent company of Craft, Cutter & Buck and other brands, but their operating results before amortization (Ebitda) were SEK6.4 million better than a year ago at ...
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News briefs
The British Halfords Group reported a 6.4 percent increase to...
The British Halfords Group reported a 6.4 percent increase to £44.6 million (€53.3m-$71.8m) in earnings before taxes and non-recurring items for the first half ended last Sept. 27. Total revenues went up by 7.7 percent to £490.6 million (€586.1m-$789.8m), with revenues from cycling up by 14.2 percent on a comparable basis. ...
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News briefs
Nautilus reported a 22 percent rise in total sales to...
Nautilus reported a 22 percent rise in total sales to $46.3 million for the third quarter ended Sept. 30, driven by an increase of 70 percent to $19.4 million in its Retail segment following the introduction of new cardio products such as Schwinn recumbent and upright bikes and elliptical machines. ...
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News briefs
In 2012, bicycle sales in Europe dropped around 6.5 percent...
In 2012, bicycle sales in Europe dropped around 6.5 percent compared with 2011 to 18.6 million units, but bicycle sales outnumbered car sales in volume in nearly all European countries, Bike Europe noted in a recent report. Even the Germans, for instance, surprisingly bought 3,083,000 cars, but 3,970,000 bicycles. Demand ...
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News briefs
The store network of Intersport Russia underwent significant restructuring in...
The store network of Intersport Russia underwent significant restructuring in the nine-month period ended last Sept. 30, says Kesko. Sales and profitability remained at a good level for Intersport Finland and Budget Sport, with Intersport's revenues rising by 8.1 percent to €50 million in the quarter, but sales at Intersport ...
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News briefs
Life Fitness and other components of Brunswick Corp.'s fitness division...
Life Fitness and other components of Brunswick Corp.'s fitness division raised their sales by 9 percent to $165.9 million in the third quarter ended Sept. 30. They were driven by international sales, which grew by 15 percent to 51 percent of the turnover, with particular strength in Europe where they ...
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News briefs
The market for sports bicycles in China is estimated to have...
The market for sports bicycles in China is estimated to have risen by 30-35 percent in 2012 to reach a level of between 6.9 and 7.2 billion yuan renmimbi (€821-857m - $1,133-1,183m). Similar growth occurred in the first six months of this year, according to leading brands and bike dealers polled ...
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News briefs
Sales of bicycles are going up in Sweden. According to...
Sales of bicycles are going up in Sweden. According to the Swedish Bicycle Manufacturers and Wholesalers Association (FOG), 555,000 bicycles were sold in Sweden during the 2012/2013 season, representing 3 percent growth from 540,000 bicycles in the 2011/12 season. FOG has also reported that more expensive bikes are being bought, ...
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News briefs
Uvex grew by 4 percent to €343 million for the...
Uvex grew by 4 percent to €343 million for the financial year ended last July, indicating that one of the factors for this performance was the flexible response to market demands that it can provide thanks to its manufacturing operations in Germany. The company's sports unit, which includes the Alpina ...
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News briefs
Deckers Outdoor Corp. posted a sales increase of 2.7 percent...
Deckers Outdoor Corp. posted a sales increase of 2.7 percent to $386.7 million for the third quarter. While U.S. sales were off by 1.4 percent, sales grew by 10.3 percent in the rest of the world, reaching $147.9 million. Teva went up by 0.6 percent, Sanuk by 0.5 percent and ...
