Financial insights for the sporting goods industry – Page 113
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News briefs
Sonae Group, the Portuguese company that owns the Sport Zone...
Sonae Group, the Portuguese company that owns the Sport Zone chain and many other retail operations in other sectors, has announced a 44 percent drop in net earnings to €20 million for the first half of this year, although its operating profit declined by only 3 percent to €87 million. ...
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Manchester United's income fell by 3.3 percent to £320.3 million...
Manchester United's income fell by 3.3 percent to £320.3 million (€401.9m-$519.8m) for the year ending June 30, mainly due to the team's failure to emerge from the group stage of last season's Champions League and a disappointing FA Cup challenge, which ended in the fourth round and resulted in reduced ...
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News briefs
An estimated 19 percent of the youngsters in the four...
An estimated 19 percent of the youngsters in the four major European countries buy clothing in sporting goods stores frequently, while 49 percent visit them from time to time, and 28 percent never do, according to a survey commissioned by the Institut Français de la Mode (French Fashion Institute or ...
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News briefs
The Chinese sporting goods market should grow by nearly 13...
The Chinese sporting goods market should grow by nearly 13 percent this year to reach a level estimated at 135 billion yuan renmimbi (€16.54bn-$21.29bn), according to the Yano Research Institute. The Japanese market research firm said that health-conscious members of China's white-collar working class in their 20s and 30s continue ...
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News briefs
Real Madrid has closed the 2011-12 fiscal year with income...
Real Madrid has closed the 2011-12 fiscal year with income totaling €514 million, up by 7 percent from the previous period. It is the first international sports institution ever to cross the symbolic bar of €500 million. The club has topped the list of the wealthiest clubs, established by Deloitte, ...
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News briefs
Wolverine Worldwide says it will likely record a double-digit drop...
Wolverine Worldwide says it will likely record a double-digit drop in its European sales during the current third quarter of its financial year. Sales in the Europe, Middle East and Africa region, which account for about one-quarter of the group's total revenues, have been affected by dodgy weather and economic ...
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News briefs
Snowboard Dachstein Tauern, the Austrian company behind Blue Tomato taken...
Snowboard Dachstein Tauern, the Austrian company behind Blue Tomato taken over by Zumiez of the U.S., made a turnover of €24.5 million in the financial year ended last April 30, according to a report by its auditor, KPMG Austria. It made an operating profit (Ebit) of €4.7 million and ended ...
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News briefs
Collective Brands, which owns Saucony and a mix of other wholesale...
Collective Brands, which owns Saucony and a mix of other wholesale and retail operations related to footwear, reports much improved income on nearly flat sales for the second quarter of its fiscal year, ended July 28. Its net profit reached $11.5 million, compared with a loss of $33.3 million in the same period last ...
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News briefs
Lacoste accelerated its growth in the first half of this...
Lacoste accelerated its growth in the first half of this year, rising by 25 percent, according to a report from the New York Fashion Week, thanks in particular to progress in Asia, South America and Russia, where the middle class is growing. In 2011, the French brand recorded a sales ...
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News briefs
The world's largest shoe manufacturer reported revenues up 7.3 percent...
The world's largest shoe manufacturer reported revenues up 7.3 percent to $5.56 billion for the nine months ended June 30. Yue Yuen's shoe manufacturing turnover grew by 5.7 percent to $3,892.8 million, driven by sales increases for athletic shoes and casual/outdoor shoes of 5.7 percent and 5.0 percent, respectively. Sales ...
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News briefs
Yonex reported a slight 1.4 percent sales increase for the...
Yonex reported a slight 1.4 percent sales increase for the first quarter ended June 30 to 9.5 billion yen (€92.3m-$121.1m). The gross margin fell by 0.5 percentage points to 41.5 percent. The net loss for the quarter rose to ¥55 million (€534,230-$700,860) from ¥39 million in the corresponding period a ...
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News briefs
Descente posted a loss of 95 million yen (€922,760-$1.2m) for...
Descente posted a loss of 95 million yen (€922,760-$1.2m) for the first quarter ended June 30, compared with a net profit of ¥14 million in the year-ago period, when it benefited from tax adjustments. Sales grew by 4.4 percent to ¥17.2 billion (€167.1m-$219.2m) in the quarter, and the gross margin ...
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News briefs
Net profit increased by 13 percent at Globeride to ¥1,068...
Net profit increased by 13 percent at Globeride to ¥1,068 million (€10.4m-$13.6m) for the first quarter ended June 30 on 9 percent higher sales of ¥15.9 billion (€154.4m-$202.6m). Profits are expected to be down by 52 percent for the full year as sales growth should soften to 3.0 percent.
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News briefs
France's sporting goods market has resisted the general economic slowdown...
France's sporting goods market has resisted the general economic slowdown better than other consumer goods sectors. According to the latest data by NPD Group, sales of sports shoes and sports-inspired footwear grew by 1 percent in value year-on-year in the first six months of this year, while those of active ...
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News briefs
The European branch of Brooks Sports reached sales of some...
The European branch of Brooks Sports reached sales of some €27 million in the first six months of the current year, which corresponds to an increase of 33 percent. The Münster-based subsidiary covers 23 countries in the EMEA region (Europe, Middle East, Africa). For the entire year, the EMEA operations ...
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News briefs
The Sports & Leisure unit of the New Wave Group,...
The Sports & Leisure unit of the New Wave Group, including the Craft and Cutter & Buck brands along with licenses for Speedo and Umbro, lifted its sales by just 3 percent excluding acquisitions in the second quarter of this year. The unit still ended the quarter with sales of ...
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News briefs
According to the HUI research institute, retail sales of sporting...
According to the HUI research institute, retail sales of sporting goods in Sweden during the month of April were off by 5.5 percent when compared with the same period last year. In May, sales increased by 2.5 percent, and in June, they rose by 11 percent. Thus, for the ...
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News briefs
El Corte Inglés reported a 3.9 percent drop in its...
El Corte Inglés reported a 3.9 percent drop in its total revenues to €15.77 billion for the financial year ended last Feb. 28. Operating earnings before amortization fell by 18.8 percent to €826 million, and net earnings declined by 34 percent to €210 million. Department store sales fell by 4.2 ...
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News briefs
Volcom's sales totaled €54.0 million and were up by 12.6...
Volcom's sales totaled €54.0 million and were up by 12.6 percent on a comparable basis, according to its parent company, PPR Group. The brand also enjoyed a sharp improvement in operating profits during the quarter.
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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 ...
