Financial insights for the sporting goods industry – Page 110
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News briefs
In terms of purchasing power, China's GDP is projected to...
In terms of purchasing power, China's GDP is projected to surpass that of the Eurozone in a year or so, according to a new report by the Organisation for Economic Co-operation and Development (OECD). It should become the world's largest economic power by 2016, overtaking the U.S. Even more strikingly, ...
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News briefs
Dorel Industries, the company that owns bike brands such as...
Dorel Industries, the company that owns bike brands such as Cannondale, GT, Mongoose and Schwinn, reports a 9.1 percent sales increase to $229.0 million for its recreational & leisure segment, thanks in part to the timing of shipments to the mass market. On an organic and currency-neutral basis, the segment's ...
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News briefs
Intersport Finland booked an increase in revenues of 8.9 percent...
Intersport Finland booked an increase in revenues of 8.9 percent to €46 million for the third quarter ended Sept. 30. Its parent company, Kesko, said that its newly acquired Intersport Russia operation had a poor level of profitability on revenues of €6 million during the same period. While Finnish Intersport ...
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News briefs
Under Armour raised its total revenues by 23.6 percent to...
Under Armour raised its total revenues by 23.6 percent to $575.2 million in the third quarter. Its revenues outside the U.S. declined by 2.3 percent and remained relatively marginal at $32.1 million, but they grew by 18 percent including the sale of shoes to the company's Japanese licensee, Dome. Licensing ...
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News briefs
K-Swiss reported a big 16 percent drop in revenues to...
K-Swiss reported a big 16 percent drop in revenues to $67.7 million for the third quarter, as compared to one year ago, as a 4 percent increase in the lifestyle segment was offset by a 47 percent drop in the performance sector. However, forward orders were down by only 8.6 ...
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News briefs
Galeria Kaufhof reported sales of €2.1 billion for the first...
Galeria Kaufhof reported sales of €2.1 billion for the first nine months ended Sept 30, up slightly by 0.1 percent from the year-earlier period. In the third quarter alone, the revenues of the German department store chain, which also runs 13 Sportarena stores and a fistful of specialty outdoor shops, ...
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News briefs
Nautilus reported sales of $38.1 million in the third quarter,...
Nautilus reported sales of $38.1 million in the third quarter, an increase of 1.7 percent from the same quarter in 2011. The gross margin improved by 6.5 percentage points to 48.7 percent, primarily due to higher direct sales of high-margin products. Net income improved to $1.0 million, including a loss ...
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News briefs
Skechers USA has reported net sales for the third quarter...
Skechers USA has reported net sales for the third quarter of $429.4 million, up by 4.2 percent from the year-ago period, driven by strength in its domestic wholesale division, company-owned retail stores and international distributors. The international subsidiaries division was the only channel which did not increase during the quarter, ...
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News briefs
Cybex International swung to profit in the third quarter reporting...
Cybex International swung to profit in the third quarter reporting net income of $1.08 million, compared with a loss of $278,000 for the corresponding period last year. The U.S. producer of exercise equipment had sales of $34.4 million, up from $33.5 million a year ago. For the nine months ended ...
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News briefs
Life Fitness and other elements of Brunswick Corporation's fitness unit...
Life Fitness and other elements of Brunswick Corporation's fitness unit suffered a 3 percent decline in revenues to $151.9 million for the third quarter ended Sept. 29, as increases in sales to health clubs and to consumers in North America were offset by a drop of 4 percent in the ...
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News briefs
British high-street retailers are bouncing back, according to September figures...
British high-street retailers are bouncing back, according to September figures from a national accountancy firm, BDO. Comparable sales grew by 3.5 percent that month, in part thanks to heavy storms at the end of the month that prompted consumers to buy winter clothing. Fashion alone grew by 3 percent. Last ...
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News briefs
For the first time in 65 years, Italians bought more...
For the first time in 65 years, Italians bought more bicycles than cars in 2011, evidently reacting to the economic problems in their country and sharply inflated gasoline prices, which have become higher than in many other parts of Europe. A total of 1,750,000 bikes were reportedly sold in Italy ...
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News briefs
August marked the first month of 2012 that bicycle sales...
August marked the first month of 2012 that bicycle sales in the Netherlands increased. GfK's Retail and Technology Panel found that, compared with August 2011, sales were up by 4 percent. The average price rose by 7 percent. The boost was attributed partly to August's weather, which had 25 more ...
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News briefs
Bauer Performance Sports has announced a 10-year global initiative designed...
Bauer Performance Sports has announced a 10-year global initiative designed to raise hockey participation by an extra one million players, on top of current participation growth projections, by 2022. The first phase, which was announced at the annual Bauer World event early in October, will consist of a Canadian research ...
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News briefs
Sportsbransjen, the organization of the Norwegian sports industry, estimates that...
Sportsbransjen, the organization of the Norwegian sports industry, estimates that the country's sporting goods sales inched up by 1.8 percent for the first half of the year, despite a drop in sales during the second quarter. Due to the early spring weather, sales of summer products already started in March, ...
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News briefs
Yue Yuen Industrial Holdings posted net consolidated operating revenues down...
Yue Yuen Industrial Holdings posted net consolidated operating revenues down by 4 percent to $572.5 million in the quarter ended Sept. 30. Cumulative net operating revenues for the nine months were $5.38 billion, flat with the first three quarters of 2011. A major producer of athletic footwear for western brands, ...
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News briefs
Chinese sportswear brands are expected to be the first to...
Chinese sportswear brands are expected to be the first to recover from the current downturn in the economy. According to a recent research report by UBS, the sportswear segment could be one of the first discretionary consumption segments to emerge from the crisis, as an industry-wide restructuring would address issues ...
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News briefs
According to a report from the Asian Development Bank (ADB),...
According to a report from the Asian Development Bank (ADB), Asia will face a significant slowdown in its economic growth over the current year and the following one. Its new study suggests that the region's overall gross domestic product will go up by only 6.1 percent this year and by 6.7 percent ...
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News briefs
Interbrand has released the 2012 edition of its Best Global...
Interbrand has released the 2012 edition of its Best Global Brands report, which provides a ranking of the world's 100 most valuable brands on an annual basis. This year, Nike has moved down to the 26th spot from the 25th one in 2011, with a brand value estimated at $15,126 ...
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News briefs
The global market for ski hardware went up in the...
The global market for ski hardware went up in the 12 months ended in March 2012 thanks to a high rise in preorders from North American, Russian and Asian distributors, according to the annual Ski Market Study compiled by Fesi, the European sporting goods industry federation. These increases offset disappointing ...
