Financial insights for the sporting goods industry – Page 112
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News briefs
Peak Performance, the Swedish sports and lifestyle brand, saw its...
Peak Performance, the Swedish sports and lifestyle brand, saw its sales slip by 1 percent to the equivalent of 971 million Danish kroner ($161.6m-€130.5m) for the financial year until the end of June, and its earnings suffered from rising costs for technical fabrics. IC Companys, the Danish group that owns ...
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Net losses declined for Nautilus to $164,000 in the second...
Net losses declined for Nautilus to $164,000 in the second quarter of 2012, down from a loss of $3.26 million in the year-ago period. The net revenues of the American fitness equipment company totaled $39.6 million, an increase of 14 percent. The gross margin improved by 1.5 percentage points to ...
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Skechers said it is growing through its own retail stores...
Skechers said it is growing through its own retail stores and in its new performance division. However, its total revenues went down to $384.0 million the second quarter from $434.0 million in the year-ago period. As the cleanup of its inventories of toning shoes is now substantially completed, the net ...
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The community of Navarre, in northern Spain, has released the...
The community of Navarre, in northern Spain, has released the findings of its campaign “Juega, come y diviértete on Tranqui” (Play, eat and have fun with Tranqui), devoted to fighting childhood obesity. Data show that the number of overweight children in the territory has gone down by 17 percent since ...
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News briefs
The fitness segment of Brunswick Corp., consisting essentially of Life...
The fitness segment of Brunswick Corp., consisting essentially of Life Fitness and Hammer Strength, grew by only 1 percent in the second quarter to $143.3 million. Sales outside the U.S. represented 48 percent of this amount and declined by 7 percent. Strong U.S. sales were partially offset by a decline ...
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News briefs
The two major British sporting goods retailers are likely to...
The two major British sporting goods retailers are likely to get a little boost from the Olympics in London, according to Verdict Research. Sports Direct's share of the total U.K. clothing market is predicted to increase by 0.2 percentage points to 1.8 percent, and its share of the footwear market ...
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News briefs
Cybex International's net sales were down to $30.8 million in...
Cybex International's net sales were down to $30.8 million in the second quarter from $32.6 for the corresponding period in 2011, and its gross margin slid by 4.4 percentage points to 29.4 percent. The U.S. fitness equipment company reported a net loss of $1.2 million, a worsening from a net ...
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News briefs
Runners Point's sales surged by 20.9 percent in the first...
Runners Point's sales surged by 20.9 percent in the first six months of this year, with a 14.4 percent increase on a same-store basis. E-commerce was a major driver, up by 87.2 percent to €11.6 million for the period. Sidestep, the German sporting goods retailer's sports lifestyle chain, booked increases ...
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News briefs
Peak Sport Products issued a profit warning, saying that it...
Peak Sport Products issued a profit warning, saying that it expects full-year net profit to drop considerably against the previous year. The Chinese sportswear firm attributed the decline to the challenging economic conditions in its domestic market and an industry-wide inventory correction. The company added that it is still in ...
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News briefs
The sell-in figures for the outdoor trade in Europe were...
The sell-in figures for the outdoor trade in Europe were still quite positive in 2011, according to the first indications from the European Outdoor Group's research panel, with interesting differences from one country to the other. However, according to the NPD's consumer panel, the European outdoor market fell by 1 ...
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News briefs
Italy's largest sporting goods retailer, Cisalfa Sport, has nothing to...
Italy's largest sporting goods retailer, Cisalfa Sport, has nothing to say yet about a possible change in its ownership structure. Meanwhile, the company reports a 4.9 percent drop in its revenues to €370 million for the financial year ended last February, excluding the revenues from Intersport Italia, which is controlled ...
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News briefs
Activinstinct, the British online sporting goods retailer, said today that...
Activinstinct, the British online sporting goods retailer, said today that its customers in the U.K. have ordered nearly 40 percent more than a year ago so far into the month of July, indicating that the London Olympics may be boosting the business. Including sales to foreign customers, orders are up ...
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News briefs
According to new market research, the Chinese outdoor market expanded...
According to new market research, the Chinese outdoor market expanded by 57.8 percent in 2011 to an estimated 11 billion yuan at the retail level, or the equivalent of €1.4 billion, compared with the level of 6,970 million yuan reported in 2010. The figures come from a report compiled by ...
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News briefs
Yue Yuen saw its sales increase by 9.5 percent to...
Yue Yuen saw its sales increase by 9.5 percent to $3.61 million for the first half of the year. The company's turnover in shoe manufacturing was up by 9.4 percent to $2.56 billion, driven by China and South American markets, even though its shoe manufacturing volume declined by 1.2 percent ...
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News briefs
In the first half of 2012, 60 percent of the...
In the first half of 2012, 60 percent of the fashion companies listed in the FashionUnited Top 100 Index registered an increase in the value of their stock, with the index rising by 6 percent during the period. The top five performers were Prada (+48%), Collective Brands (+48%), Perry Ellis ...
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Descente's net income improved by 18.2 percent for the financial...
Descente's net income improved by 18.2 percent for the financial year ended March 31 to 3,045 billion (€31.6b-$38.5b), as revenues grew by 8 percent to 83.03 billion 83.03 (€862.6m-$1,050.0m). The gross margin rose to 48.70 percent from 47.55 percent.
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Goldwin increased revenues by 14.79 percent to 48.64 billion (€505.3m-$615.4m)...
Goldwin increased revenues by 14.79 percent to 48.64 billion (€505.3m-$615.4m) for the financial year ended March 31. Net income improved by 75.39 percent to 2.62 billion (€27.2m-$33.1m). The gross margin for the Japanese company, which is mainly engaged in the manufacture and sale of sports apparel, dropped from 41.44 percent ...
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News briefs
Golfsmith announced a 12 percent increase in group revenues to...
Golfsmith announced a 12 percent increase in group revenues to $146.0 million in the second quarter ended June 30, compared with net revenues of $130.2 million for the same period of fiscal 2011. Comparable store sales went up by 4.7 percent, but the company registered a 4.8 percent decrease in ...
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News briefs
While Britain's manufacturing output is on the slide, New Balance...
While Britain's manufacturing output is on the slide, New Balance stuck to its production of about 1.2 million pairs of footwear at its U.K. plant last year. The company said that this commitment had strongly contributed to growing consumer demand: New Balance's sales across Europe jumped by about 25 percent last year ...
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News briefs
A survey by the Sporting Goods Manufacturers Association (SGMA) shows...
A survey by the Sporting Goods Manufacturers Association (SGMA) shows that 83.5 percent of its members are expecting a further increase in their domestic sales, while only 61.2 percent predict that their sales abroad will go up. The SGMA points out that the sporting goods market underperformed the rest of ...
