Financial insights for the sporting goods industry – Page 115
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News briefs
Direct Golf UK lifted its sales by 23 percent for...
Direct Golf UK lifted its sales by 23 percent for the first half ended last March. Entirely privately owned, Direct Golf has 21 stores across the U.K., after four openings between 2011 and 2012. It also has an online shopping platform and an online TV platform, Direct Golf TV. Improved ...
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News briefs
Patagonia's sales have doubled since 2008 to reach $540 million...
Patagonia's sales have doubled since 2008 to reach $540 million for the financial year ended last April, or 30 percent more than in the previous year, according to a report in The Seattle Times, and its profits have tripled in the same period. After 14 openings in the past year, ...
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News briefs
JD Sports Fashion reported modest sales increases on a same-store...
JD Sports Fashion reported modest sales increases on a same-store basis for the 19 weeks ended on June 9. They were up by 1.2 percent in its sports stores and by 3.0 percent in its fashion stores, but gross margins continued to be under pressure as anticipated. The British retailer ...
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News briefs
Three months of excellent growth in the Swedish sporting goods...
Three months of excellent growth in the Swedish sporting goods industry, which made up for a decline in the market last year, came to an end in April as sales took a negative turn. According to HUI Research, April sales decreased by 5.5 percent when compared with the same month last year. ...
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News briefs
The new consumer panel set up by the Dutch sports...
The new consumer panel set up by the Dutch sports industry shows that the consumption of sports products in the Netherlands jumped by 5 percent in the first quarter of this year. This came after a paltry year in which the Dutch sports market is estimated to have shrunk by ...
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News briefs
Finansavisen, a Norwegian newspaper, reports that inventories have been piling...
Finansavisen, a Norwegian newspaper, reports that inventories have been piling up at Bergans because of the outdoor brand's relatively weak growth in its own market last year. As reported in our previous issue, Bergans' turnover jumped by more than 8 percent to nearly 700 million Norwegian kroner (€92.9m-$116.0m) last year, ...
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News briefs
The International Cotton Advisory Council, an intergovernmental group, thinks that...
The International Cotton Advisory Council, an intergovernmental group, thinks that cotton prices will stay low because of high inventories for the next year. The council says that cotton stocks should rise by 43 percent to 13.3 million tons in the year that ends July 31, and should grow by another ...
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News briefs
According to Emota, the European E-Commerce and Mail Order Trade...
According to Emota, the European E-Commerce and Mail Order Trade Association, European e-commerce outpaced the North American e-tail business last year. In 2011, the European online market grew by 19 percent and reached a total retail turnover of €246 billion, compared with €237 billion in the U.S. and Canada. Emota ...
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News briefs
Three months of excellent growth in the Swedish sporting goods...
Three months of excellent growth in the Swedish sporting goods industry came to an end in April as sales took a negative turn. According to HUI Research, April sales decreased by 5.5 percent when compared to the same month last year. At constant prices, sales were down by 4.7 ...
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News briefs
Derby Cycle, which trades under the Kalkhoff, Raleigh, Rixe, Focus...
Derby Cycle, which trades under the Kalkhoff, Raleigh, Rixe, Focus and Univega brand names, has reported a 31.5 percent increase in net income to €7.9 million for the first half of its financial year, ended on March 31. Operating profit rose by 25.1 percent to €13.1 million on a 17.3 ...
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News briefs
During the first quarter of this year, the consumption of...
During the first quarter of this year, the consumption of sporting goods in Norway increased by 5.4 percent when compared to the same period in 2011. The positive result, which parallels a similar pattern observed in Sweden, indicates that the industry is on the path to recovery after a slight ...
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News briefs
Fila Korea had essentially flat sales of 96.23 billion won...
Fila Korea had essentially flat sales of 96.23 billion won (€65.3m-$81.6m) in the first quarter ended March 31, but its net profit jumped by 113 percent as compared to the same period a year ago, reaching KRW11.57 billion (€7.9m-$9.8m). The gross margin slipped by 2.6 percentage points to 58.4 percent, ...
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News briefs
Mizuno has announced a 10.7 percent jump in its consolidated...
Mizuno has announced a 10.7 percent jump in its consolidated net income to ¥3,143 million (€31.2m-$39.9m) for its fiscal year 2011-12, which ended March 31. Operating income jumped by 19.6 percent to ¥5.5 million (€55.6m-$69.0m). Total sales were up by 3.3 percent and reached ¥154,982 million (€1.54bn-$1.94bn). Mizuno managed to ...
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News briefs
Peak Performance generated some growth in the three months ended...
Peak Performance generated some growth in the three months ended March 31, which corresponded to the third quarter in IC Companys' financial year, but without matching the double-digit increases recorded by Tiger of Sweden, Soaked in Luxury and Marlen Birger. Jackpot and Cottonfield suffered setbacks. Across the group's 11 ...
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News briefs
After an outstanding performance last year, Helly Hansen enjoyed another...
After an outstanding performance last year, Helly Hansen enjoyed another growth spurt in the first quarter of 2012. The Norwegian outdoor and sailing brand's turnover increased by nearly 15 percent for the quarter, while its operating earnings before amortization (Ebitda) more than tripled. The soaring profitability is not due to ...
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News briefs
Adams Golf, the U.S. golf company being acquired by Adidas...
Adams Golf, the U.S. golf company being acquired by Adidas Group, posted a 33 percent increase in net income to $4.0 million in the first quarter. Operating earnings jumped by 90 percent to $7.8 million despite a slight dip in its gross margin to 46.7 percent. Sales increased by 25 ...
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News briefs
Nautilus saw its net income soar by 57 percent to...
Nautilus saw its net income soar by 57 percent to $2.5 million for the first quarter ended March 31, as revenues rose by 6 percent to $51.3 million and the gross margin improved by 0.9 percentage points to 46.6 percent. The direct distribution segment delivered 11.5 percent higher revenues of ...
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News briefs
A total of 7.6 million people were registered at 7,304...
A total of 7.6 million people were registered at 7,304 fitness clubs in Germany by the end of last year. Out of those, more than 7.22 million were members of clubs measuring more than 200 square meters, up from 7.05 million at the end of 2010 and 5.18 million at ...
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News briefs
Cybex International's sales rose by 20.2 percent to $37.3 million...
Cybex International's sales rose by 20.2 percent to $37.3 million in the first quarter, driven by a 60 percent jump in sales of treadmills following the launch of new models. Sales grew by 14 percent to $25.1 million in North America and by 34 percent to $12.1 million in the ...
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News briefs
Gross margins increased by 2.3 percentage points to 33.8 percent...
Gross margins increased by 2.3 percentage points to 33.8 percent at Easton-Bell in the first quarter of 2012, thanks to lower closeout sales and higher average selling prices associated with product innovation and productivity gains. With total sales rising by 6.3 percent to $203.4 million for the period, adjusted operating ...
