Financial insights for the sporting goods industry – Page 108
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Swallow Ski, a Japanese ski manufacturer that has been exhibiting...
Swallow Ski, a Japanese ski manufacturer that has been exhibiting at Ispo in Munich since 1977, was celebrating its 60th anniversary at this year's show. The company's chief executive, Satoshi Maruyama, has been going to Munich every year since then, always staying at the same hotel. In 1977, there was a Japanese ...
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Elan said that its sales declined by between 8 and...
Elan said that its sales declined by between 8 and 10 percent for last year, after reporting turnover of about €90 million in 2011. The Slovenian company's wind energy division raised its sales, but that could not compensate for sales declines in the group's ski and marine division. The turnover ...
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Ogio International has reported a 48 percent increase in its...
Ogio International has reported a 48 percent increase in its sales of golf products for 2012. The order backlog is up by 68 percent thus far in 2013. The sales growth in 2012 was driven by Ogio's newly launched golf apparel collections and its golf bags. Ogio's limited-edition fashion designs ...
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Swedish sporting goods retailers enjoyed a big increase of 23...
Swedish sporting goods retailers enjoyed a big increase of 23 percent in their sales during the month of December, as compared to the same month of 2011. This helped the sector to book a sales increase of 9.2 percent for all of 2012.
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Descente registered a sales increase of 4.3 percent to 21.6...
Descente registered a sales increase of 4.3 percent to 21.6 billion yen (€171.3m-$230.8m) for the fiscal third quarter ended Dec. 31, as compared to the same quarter a year ago. The gross margin improved by 1.8 percentage points to 46.8 percent of sales for the quarter, compared with 45.0 percent. Selling, general and ...
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Yonex reports a 2 percent increase in revenues to 28,165...
Yonex reports a 2 percent increase in revenues to 28,165 million yen (€0.2m-$0.3m) for the nine months ended last Dec. 31, generating net income of ¥657 million (€5.2m-$7m) for the period. The Japanese company is forecasting net income of ¥1.1 billion (€8.7m-$11.7m) on sales of ¥38.3 billion (€303,7m-$409.3m) for the ...
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Bicycle sales in the Netherlands declined by 13.2 percent to...
Bicycle sales in the Netherlands declined by 13.2 percent to 1,039,000 units in 2012, with revenues declining by 14.2 percent, due to economic hardship and low consumer confidence. The average price of bicycles sold by independent bicycle dealers decreased by only 0.7 percent to €954 against 2011. While all bike ...
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News briefs
Under Armour enjoyed yet another robust quarter in the last...
Under Armour enjoyed yet another robust quarter in the last three months of 2012, as its sales jumped by 25.5 percent to $505.9 million and its net income soared by 54 percent to $50.1 million. The U.S. sports apparel and footwear company ended the year with sales of $1,835 million, ...
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Life Fitness, a division of Brunswick Corporation, delivered annual operating...
Life Fitness, a division of Brunswick Corporation, delivered annual operating earnings up by 10 percent to $103.1 million for the period ended Dec. 31. The operating margin rose by 1.5 percentage points to 16.2 percent. Divisional operating earnings in the fourth quarter increased by 29 percent to $36.4 million driven ...
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News briefs
Icon Health & Fitness pointed to several key factors leading...
Icon Health & Fitness pointed to several key factors leading to lower sales in 2012, from record-setting heat in the first quarter and the two final months of the year to the widespread decline in consumer confidence. Looking ahead, however, the U.S. manufacturer of exercise equipment, based in Logan, Utah, ...
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News briefs
All the divisions of the Lafuma Group registered sales decreases in...
All the divisions of the Lafuma Group registered sales decreases in the first quarter ended last Dec. 31 against the first quarter of the previous financial year due to a sluggish market in Europe and an Asian market that turned out to be less dynamic than in the previous seasons. Sales in the Surf division, ...
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News briefs
Callaway Golf registered net sales of $118 million for the...
Callaway Golf registered net sales of $118 million for the fourth quarter, consistent with the company's latest guidance, against $154 million in the same period of 2011. Net sales for the full financial year were $832 million, down from $887 million. The net loss for 2012 was of $124 million, ...
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News briefs
India's cotton industry will see a drop in exports in...
India's cotton industry will see a drop in exports in the current year, according to figures from the U.S. Department of Agriculture as well as the Cotton Association of India. The U.S. agency foresees a 60 percent decline to 5.7 million bales of cotton. While a drop, that is still ...
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Yue Yuen Industrial reports that its consolidated sales crept up...
Yue Yuen Industrial reports that its consolidated sales crept up by just 0.3 percent to $7,282.5 million for the full year 2012. The leading footwear manufacturer, owned by Pou Chen in Taiwan, ended the year with a turnover of $664.1 million for December, up by 0.9 percent compared with the ...
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The latest trade statistics from China indicate a reversal in...
The latest trade statistics from China indicate a reversal in the shrinkage of the country's trade surplus. After three years of decline, the surplus apparently went up by more than 50 percent to the equivalent of $231 billion in 2012, thanks in particular to a strong rebound of the export flow ...
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News briefs
Runners Point, the German sporting goods retail chain, increased its...
Runners Point, the German sporting goods retail chain, increased its total sales by 18 percent to about €197 million in 2012 compared with the previous year. This figure includes the Runners Point and Sidestep banners as well as the online business, operated by the Tredex company, and the franchised stores ...
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Belle International, the leading Chinese sports and footwear retailer, said...
Belle International, the leading Chinese sports and footwear retailer, said that comparable sales in its sportswear stores jumped by 10 percent for the fourth quarter of last year, while the comparable sales of its footwear stores increased by 3 percent. The company had 17,564 directly managed stores around mainland China ...
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Mike Ashley and Stephen Rubin are the only two Europeans...
Mike Ashley and Stephen Rubin are the only two Europeans on SGI's global list of the top 10 tycoons in sporting goods. The majority shareholder of Sports Direct International ranks fifth, with an estimated worth of $2.5 billion. Two slots further down is Rubin of the Pentland Group, with $1.6 ...
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Nautilus, the American fitness equipment company, said that its sales...
Nautilus, the American fitness equipment company, said that its sales should have reached about $65.0 million for the quarter until the end of December last year, based on preliminary results. This amounts to an increase of about 8 percent from the same quarter in 2011, driven by the company's own ...
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News briefs
Columbia Sportswear blamed the mild winter in North America, wariness...
Columbia Sportswear blamed the mild winter in North America, wariness among consumers and abundant discounts for weaker-than-expected sales and earnings in the fourth quarter of last year. The company predicted in October that its quarterly sales could increase by up to 1.5 percent, but it now expects that they will ...
