Financial insights for the sporting goods industry – Page 106
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News briefs
Skechers reported a 144 percent jump in net income for...
Skechers reported a 144 percent jump in net income for the third quarter to $28.8 million as revenues increased by 20 percent to $515.7 million and gross margins improved by 0.9 percentage points to 44.6 percent. Strong demand was registered for the company's children's shoes and its Skechers Go and ...
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News briefs
Sales grew by 3.8 percent to $154.0 million for Bauer...
Sales grew by 3.8 percent to $154.0 million for Bauer Performance Sports during the first quarter of its financial year, ended Aug. 31, with growth of 4.1 percent in constant currencies and increases of 2.6 percent in North America and 6.9 percent in the rest of the world. Ice hockey ...
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News briefs
Sales of bicycles declined by 4 percent in France during...
Sales of bicycles declined by 4 percent in France during the first half of 2013, due to the weak economy and to bad weather. However, sales of electric and folding bicycles grew by 17 percent and 25 percent in terms of value. In contrast, mountain bikes were down by 3 ...
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News briefs
Like in Italy in 2011, consumers bought more bicycles than...
Like in Italy in 2011, consumers bought more bicycles than cars in Spain in 2012 for the first time since statistics on bike sales started to be tracked. A total of 780,000 bikes and around 700,000 cars were sold in Spain last year. While bike sales rose by 4 percent ...
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News briefs
Sales of sports clothing fell by 1.1 percent in France...
Sales of sports clothing fell by 1.1 percent in France to €3.1 billion during the 12 months ended last June 30, according to NPD Group, with a particularly strong drop of 4.2 percent in the second quarter of 2013. Specialty sporting goods retailers saw their sales of these products decline ...
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News briefs
Retail sales of sporting goods in Sweden took a sharp...
Retail sales of sporting goods in Sweden took a sharp turn for the worse in June. According to Sweden's HUI Research, after year-on-year increases in both April and May, sales declined by 2.1 percent in June. This means that the cumulative turnover for the first six months of 2013 are ...
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News briefs
The Mainland Middle-Class Consumer Survey published by the Hong Kong...
The Mainland Middle-Class Consumer Survey published by the Hong Kong Trade Development Council confirms that China's emerging middle-class consumers increasingly long for international brands, even when they are aware that the products are made in China. The survey was conducted from December 2012 to January 2013 among 1,600 respondents in ...
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News briefs
Bain & Company predicts that China will become the global...
Bain & Company predicts that China will become the global leader in terms of online spending this year, ahead of the United States. The consultancy estimates that online sales soared by 71 percent per year on average between 2009 and 2012, compared with 13 percent in the U.S. market. This ...
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News briefs
The Björn Borg group has reported an 8.7 percent decline...
The Björn Borg group has reported an 8.7 percent decline in net profit for the first half to SEK9.4 million (€1.1m-$1.4m). The Swedish company's sales decreased by 3 percent to SEK239.2 million (€27.5m-$36.8m), but were unchanged on a currency-neutral basis. The gross profit margin dropped slightly to 49.7 percent, as compared ...
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News briefs
The German bike industry registered a 7 percent decline in...
The German bike industry registered a 7 percent decline in domestic deliveries of new bicycles and e-bikes in the first half of 2013, mostly due to the poor spring weather, but with the good summer weather the drop is expected to be compensated for in the second half of the ...
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News briefs
An income tax benefit of $34.3 million allowed Nautilus to...
An income tax benefit of $34.3 million allowed Nautilus to report net earnings of $32.9 million for the second quarter. Excluding the extraordinary gain, the fitness company had a loss of $1.6 million for the period, compared with $700,000 in the year-ago period. The gross margin improved by 4.4 percentage ...
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News briefs
Yonex raised its sales by 9.7 percent to 10.4 billion...
Yonex raised its sales by 9.7 percent to 10.4 billion Japanese yen (€79.2m-$104.5m) in its first fiscal quarter, ended June 30. The gross margin was down by 2.4 percentage points to ¥39.1 million (€0.30m-$0.39m), as compared to a year ago, but the company posted net income of ¥176 million (€1.3m-$1.8m) ...
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News briefs
Alpen, which remains the largest sporting goods retailer in Japan,...
Alpen, which remains the largest sporting goods retailer in Japan, reported an annual net profit of ¥6.63 billion yen (€51.7m-$68.9m) for the 12 months ended last June 30, up from ¥5.26 billion in the previous fiscal year. Sales increased by 4 percent to ¥203.7 billion (€1,587.4m-$2,117.8m), and they generate 5 percent ...
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News briefs
Life Fitness lifted its operating earnings by 4.5 percent to...
Life Fitness lifted its operating earnings by 4.5 percent to $20.8 million in the second quarter as its revenues grew by 5 percent to $150.8 million, with a 10 percent increase in the international market, which accounted for 51 percent of the total. Its parent company, Brunswick Corp., reported a ...
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News briefs
Metro Group suffered a 2.3 percent sales decline to €30.8...
Metro Group suffered a 2.3 percent sales decline to €30.8 billion in the first half of this year, including a 3.6 percent drop in the second quarter. Excluding divested operations, sales declined by 0.1 percent in the six months, with a 2.1 percent drop for its cash & carry operations ...
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News briefs
Dorel Industries' total revenues were off by 5.2 percent to...
Dorel Industries' total revenues were off by 5.2 percent to US$600.5 million for the quarter, and its net profit plunged by 56.4 percent, down to $13.2 million. In particular, the Canadian company's recreational & leisure segment suffered a drop in operating profit of 83.0 percent to $3,681,000 during the period ...
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News briefs
Skullcandy booked a net loss of $635,000 for the second...
Skullcandy booked a net loss of $635,000 for the second quarter ended June 30, compared with a net profit of $6.8 million in the period a year ago, as its sales fell by 29.9 percent to $50.8 million. Excluding the effect of a change in accounting for foreign clients, sales ...
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News briefs
Descente reported a net loss of ¥22 million yen (€0.17m-$0.23m) for...
Descente reported a net loss of ¥22 million yen (€0.17m-$0.23m) for the first quarter ended June 30, down from ¥95 million in the same period a year ago. Operating losses for the period declined by 7 percent to ¥258 million (€2.0m-$2.7m) as the Japanese company's revenues went up by 17 percent to ...
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News briefs
Peak Sport Products, the Chinese sports brand, warned that its...
Peak Sport Products, the Chinese sports brand, warned that its profit for the first half of the year should “decrease considerably” compared with the same period last year, amid sluggish demand and the continuing inventory cleanup in the Chinese sports market. Peak Sport was one of the Chinese sports companies ...
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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 ...
