Financial insights for the sporting goods industry – Page 105
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News briefs
The global athletic shoe market is expected to rise at...
The global athletic shoe market is expected to rise at a compound annual average growth rate of 1.8 percent between 2011 and 2018, according to Transparency Market Research, reaching a level of $84.4 billion at retail at the end of the period. That is roughly twice the size of the ...
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Short stops
The British Halfords chain of bicycle stores, which also sell...
The British Halfords chain of bicycle stores, which also sell car parts, has reported a 7.5 percent increase on a same-store basis for its first quarter
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News briefs
American Golf saw a surge in its sales on the...
American Golf saw a surge in its sales on the back of Justin Rose's triumph in the U.S. Open on June 16, the first by any Englishman in the tournament for more than 40 years. In the week following the event, the U.K.-based golf retailer registered a 16.4 percent increase ...
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News briefs
A total of 5.9 million customers shopped last year for...
A total of 5.9 million customers shopped last year for sporting goods online in Germany, according to Disq, a German service quality institute that ranked the ten major online sports shops in the country. SportScheck.com came out as the best one on its list, followed by Globetrotter.de. Sport-Thieme.de and the ...
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News briefs
A Norwegian voluntary group of sporting goods stores, Stadion, has...
A Norwegian voluntary group of sporting goods stores, Stadion, has reported revenues of 97.312 million Norwegian kroner (€12.7m-$16.8m) for 2012, a slight increase from 2011, and operating profit of NOK 3,644,528 (€0.47m-$0.63m) against NOK 4,447,624 in 2011. Currently, the Stadion chain has 73 affiliated retailers, which is slightly less than ...
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News briefs
Dorel Industries has warned investors that earnings will be weaker...
Dorel Industries has warned investors that earnings will be weaker than expected for its recreational leisure segment for the second quarter due to bad weather across the U.S., Canada and Europe, which led to lower than anticipated sales volumes, particularly in the specialized bike dealer channel. The segment comprises the ...
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News briefs
Intersport España reports a decline of 11.7 percent in its...
Intersport España reports a decline of 11.7 percent in its 2012 revenues to €83 million, but the company continued to make a profit as in the previous ten years with a pretax result of €407,000. Retail sales fell by 5 percent to €220 million before VAT.
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News briefs
Spy Optic continued to improve its results in the first...
Spy Optic continued to improve its results in the first quarter ended last March 31. Its net losses were reduced to $721,000 in the period from $2,608,000 in the same quarter a year ago, while sales increased by 10.6 percent to $9,008,000. They now consist almost exclusively of Spy branded ...
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News briefs
Zumiez, the American action sports retail chain that took over...
Zumiez, the American action sports retail chain that took over Blue Tomato last year, posted net income of $2.5 million in its fiscal first quarter ended last May 4, down by 44.4 percent from a year earlier, due especially to charges of $1.7 million associated with the acquisition of the ...
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News briefs
Goldwin's sales increased by 8 percent to 52,510 million yen...
Goldwin's sales increased by 8 percent to 52,510 million yen (€398.5m-$517.3m) in the financial year ended last March 31, but the company's net income dropped by 5 percent to ¥3,168 million (€24.0m-$31.2m). Goldwin is projecting small increases in sales and profits for the current financial year to ¥53 billion (€402.2m-$522.1m) and ...
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News briefs
Sequential Brands recorded a loss of $21.5 million for the...
Sequential Brands recorded a loss of $21.5 million for the first quarter ended March 31, largely due to one-off charges related to its acquisitions of Heelys, Ellen Tracy and Caribbean Joe, which compares to a $400,000 loss in the same period last year. Excluding costs related to the acquisitions and ...
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News briefs
In the first quarter of 2013, Vulcabras of Brazil suffered...
In the first quarter of 2013, Vulcabras of Brazil suffered a further decline in net sales to R$286.6 million (€107.8m-$139.0m) in the first quarter of this year, down from R$378.7 million in the same period a year ago. The gross margin declined to 20.7 percent from 25.4 percent for the ...
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News briefs
Björn Borg registered sales of 131.4 million Swedish kronor (€15.3m-$19.9m)...
Björn Borg registered sales of 131.4 million Swedish kronor (€15.3m-$19.9m) for the first quarter ended March 31, representing a 6 percent decline from a year earlier. Excluding currency effects, sales slipped by 4 percent. The decline was partly due to a smaller volume of spring and summer underwear being delivered ...
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News briefs
Sales continue to be sluggish for the sporting goods industry...
Sales continue to be sluggish for the sporting goods industry in Sweden. Retailers' sales of sporting goods in country fell by 7 percent during the month of March as compared to the same month of last year, contributing to a 2.8 percent drop for the first quarter of 2013. Cold ...
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News briefs
Lenzing, a major supplier of rayon and other cellulosic fabrics...
Lenzing, a major supplier of rayon and other cellulosic fabrics to the sportswear sector, suffered a 6.0 percent decline in total sales to €496.5 million in the first quarter although sales volumes for its fibers were 13 percent higher than a year ago. The Austrian company generated nevertheless a better-than-expected ...
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News briefs
Nautilus benefited from improved consumer credit conditions in the U.S....
Nautilus benefited from improved consumer credit conditions in the U.S. in the first quarter, as its consumer-direct operations recorded a 26 percent hike in sales to $42.4 million and a 122 percent jump in operating income to $6.7 million, thanks also to strong demand for its cardio products, led by ...
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News briefs
The number of visits to North American ski resorts reached...
The number of visits to North American ski resorts reached a 30-year record of 56.6 million in the past autumn/winter season. In the U.S., snow sports retailers saw their sales go up by 3 percent to $3.4 billion for the season, and while equipment was flat, apparel was up by ...
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News briefs
Favorable exchange rates allowed Giant Manufacturing to raise its sales...
Favorable exchange rates allowed Giant Manufacturing to raise its sales by 3.5 percent to 13.24 billion Taiwanese dollars (€345m-$448m), and they pushed up its net income by 32.7 percent to TWD886 million (€23m-$30m). U.S. sales were negatively affected by unfavorable weather conditions. European sales were flat due to abnormal weather ...
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News briefs
Brekka, the Italian brand of headwear and other winter accessories,...
Brekka, the Italian brand of headwear and other winter accessories, is targeting growth of at least 30 percent this year, thanks mainly to the expansion of its sales outside its domestic market. One important factor for this year's exceptional growth will be the company's breakthrough into the North American market ...
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News briefs
The French market for swimwear, beachwear and related accessories is...
The French market for swimwear, beachwear and related accessories is worth €442 million, according to a study conducted by NPD Group. This was the turnover in 2012, up 2 percent on the previous year, including swimsuits as well as pool sandals, goggles, swim caps and water exercise equipment. The market ...
