Financial insights for the sporting goods industry – Page 111
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News briefs
Aggressive marketing has enabled Direct Golf UK to buck the...
Aggressive marketing has enabled Direct Golf UK to buck the sluggish trend in British retailing over the festive season, with record sales for the quarter until the end of December. Direct Golf UK reached particularly impressive sales with its online store in the quarter, which is the start of its ...
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News briefs
The NPD Group reports that online sales accounted for about...
The NPD Group reports that online sales accounted for about one-third of the growth of the French sports footwear and apparel market in value for the 12 months until the end of September 2012. Online sales expanded by 9 percent for the period, while sales in stores inched up by ...
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News briefs
Bauer Performance Sports lifted its sales by 9 percent to...
Bauer Performance Sports lifted its sales by 9 percent to $109.6 million for the three months until the end of November, which was a rise of 10 percent in constant currencies. It was aided by the acquisitions of Cascade Helmets, a maker of lacrosse helmets bought in June; and Inaria ...
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News briefs
Li & Fung has announced that for 2012, its core...
Li & Fung has announced that for 2012, its core operating profit will probably be down by about 40 percent from 2011 because of restructuring costs and other provisions related to LF USA's operations. The other segments of the company have met expectations. Li & Fung, which manages global supply ...
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News briefs
ANWR Group, the parent company of Sport 2000 Germany and...
ANWR Group, the parent company of Sport 2000 Germany and several buying groups in shoe retailing, reached sales of €7.6 billion in 2012, which was about the same as the previous year, but the group expects that its turnover will increase this year. Some €5.2 billion came from financial services ...
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News briefs
Head boasts that its U.S. racquet sports business, Head Racquet...
Head boasts that its U.S. racquet sports business, Head Racquet Sports USA, achieved its best-ever results last year. The company said that the Head and Penn brands both managed double-digit sales hikes, even though they already had a strong share in the U.S. market at the start of 2012. Head ...
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News briefs
Herbert Hainer, chief executive of the Adidas Group, said in...
Herbert Hainer, chief executive of the Adidas Group, said in an interview with Süddeutsche Zeitung in the last week of 2012 that the company would reach sales of more than €14.5 billion for the year. This would represent an increase of more than 9 percent compared with 2011. The company ...
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News briefs
The share of skiers who wore helmets in Switzerland during...
The share of skiers who wore helmets in Switzerland during the winter 2011/12 winter season increased to 84 percent, up from 81 percent in the previous season. It reached the same ratio already achieved among snowboarders. The ratio went up to 94 percent among children, but it also grew among ...
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News briefs
Rip Curl reports a slightly improved operating profit on a...
Rip Curl reports a slightly improved operating profit on a 15 percent increase in its global sales to more than 400 million Australian dollars (€320m-US$258m) for the financial year ended last June 30. A big drop in Europe was compensated by sales growth in other parts of the world. Notably, double-digit ...
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News briefs
After five months of excellent growth in the Swedish sporting...
After five months of excellent growth in the Swedish sporting goods industry, sales slowed somewhat in October. Though positive, sales growth was only 2.1 percent in October when compared with the same month last year, according to Sweden's HUI Research. The accumulated sales growth for 2012 through October was 7.5 ...
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News briefs
The New Wave Group's sports and leisure unit saw its...
The New Wave Group's sports and leisure unit saw its sales decline by 13 percent, excluding acquisitions, during the third quarter ended Sept. 30, but the group's management indicated that it is “developing well” in spite of the poor economic climate. The unit comprises Craft and Cutter&Buck, along with smaller ...
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News briefs
The proportion of French people practicing at least one physical...
The proportion of French people practicing at least one physical or sports activities has risen to 87 percent of the total population from 84 percent ten years ago, according to a major survey conducted by the French sporting goods retailers' federation, FPS, through Ipsos. Among the various sports activities, running, ...
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News briefs
Descente reported that sales for the fiscal second quarter ended...
Descente reported that sales for the fiscal second quarter ended Sept. 30 were up by 11.3 percent to 26.1 billion yen (€245.2m-$317.3m), compared with the year-ago period. The gross margin achieved by the Japanese apparel company improved by 0.6 percentage points to 51.0 percent of sales for the quarter, against ...
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News briefs
Sonae Group, the Portuguese retail conglomerate over the Sport Zone...
Sonae Group, the Portuguese retail conglomerate over the Sport Zone chain, reported an improved adjusted Ebitda margin of 11.1 percent for the first nine months of this year, but the net profit attributable to shareholders declined by 24 percent to €64 million. Operating results improved in the third quarter thanks ...
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News briefs
Herbert Hainer, chief executive of the Adidas Group, said in...
Herbert Hainer, chief executive of the Adidas Group, said in an interview with Welt am Sonntag that the company would surpass sales of €1 billion in Russia and the former CIS countries this year. This means that the group is one year ahead of targets that called for this level ...
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News briefs
Accell Group, the Dutch company that owns a dollop of...
Accell Group, the Dutch company that owns a dollop of bicycle and fitness brands, said that the pleasant weather this summer enabled it to increase its turnover in the third quarter. The rise was also aided by the acquisition of the Raleigh Cycle Group and its Diamondback brand in April, ...
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News briefs
Sales of sporting goods in Switzerland declined by 3 percent...
Sales of sporting goods in Switzerland declined by 3 percent in the third quarter, and Swiss retailers are predicting an overall sales decline of 2 percent for the full year, according to a survey conducted by Schweizer Sport & Mode. The results remain extremely diversified, with some stores performing satisfactorily ...
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News briefs
Net income fell by 30 percent at Yonex to 220...
Net income fell by 30 percent at Yonex to 220 million yen (€2.1m-$2.7m) in the second quarter ended Sept. 30. Operating income was down by 48 percent to ¥434 million (€4.1m-$5.3m) on 2 percent lower revenues of ¥19.6 billion (€184.2m-$238.3m). The Japanese badminton specialist is forecasting revenues of ¥38.3 billion ...
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News briefs
Skullcandy has lowered its projections for the current financial year...
Skullcandy has lowered its projections for the current financial year due to uncertainty in Europe and increasing promotional activity leading into the holiday season. Nevertheless, the company's sales went up by 17.1 percent to $71.0 million in the third quarter ended Sept. 30. The gross margin improved to 48.0 percent ...
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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, ...
