Financial insights for the sporting goods industry – Page 117
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News briefs
Consumer confidence in the U.K. reached a very low point...
Consumer confidence in the U.K. reached a very low point in December, paving the way for the bankruptcy of major retailers such as Blacks Leisure and Peacocks, although heavy discounting at the end of the month helped to boost sales of clothing and footwear after Christmas. In contrast with the ...
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News briefs
Quiksilver managers told analysts at the ICR Xchange investor conference...
Quiksilver managers told analysts at the ICR Xchange investor conference a few days ago that they see opportunities for growth in spite of strong competition in the action sports market from the likes of Billabong, Nike, VF Corp., PPR and Abercrombie & Fitch. In the next five years, untapped geographical ...
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News briefs
The revenues of the sporting goods retailers affiliated with Sport...
The revenues of the sporting goods retailers affiliated with Sport 2000 in Germany fell by 2.6 percent in 2011, according to preliminary estimates by its parent company, the ANWR Group, Higher proceeds from the centralized settlements of all its voluntary groups, including Sport 2000 as well as Garant, Rexor and ...
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News briefs
According to the International Cotton Advisory Committee, global cotton production...
According to the International Cotton Advisory Committee, global cotton production should grow by 8 percent in the current 2011-12 season, reaching 26.8 million tons. Conversely, consumption is expected to drop by as much as 2 percent to 23.9 million tons. ICAC, an intergovernmental group, expects a surplus of 2.9 million ...
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News briefs
Vietnam's exports of clothing rose by 38% to $15.6 billion...
Vietnam's exports of clothing rose by 38% to $15.6 billion in 2011, thanks in part to a 12 percent increase in average prices. Geographically, they rose by 52 percent in Japan, by 41 percent in Europe and by 14 percent in the U.S. Footwear exports from Vietnam hit $5.7 billion ...
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News briefs
Crocs indicates that its sales exceeded $1 billion in 2011...
Crocs indicates that its sales exceeded $1 billion in 2011 for the first time in its history, as it revenues ended up at the high end of its expectations in the fourth quarter of the financial year. Investors responded positively, boosting the company's value on the stock exchange by 4.6 ...
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News briefs
Revenues from cycling products rose by 15.1 percent at Halfords...
Revenues from cycling products rose by 15.1 percent at Halfords in the U.K. during the third quarter ended Dec. 31, but they were mainly driven by children's bikes and accessories. New products and warm weather in the ramp-up to the Christmas season gave a boost to this business. Including the ...
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News briefs
The European Cyclists' Federation issued a study quantifying the contribution...
The European Cyclists' Federation issued a study quantifying the contribution of cycling to the reduction of greenhouse gas emissions (GHG): If citizens of the European Union all used their bicycles with the same intensity as Danes did in 2000, cycling an average of 2.6 km per day, they could help ...
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News briefs
Metro Group, the big German player in the cash &...
Metro Group, the big German player in the cash & carry business and parent company of the Kaufhof department store chain, has lowered its outlook for the outgoing fiscal year both in terms of turnover and profit. The management said that overall sales would be slightly lower than last year's ...
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News briefs
The Vietnam Leather & Footwear Association (Lefaso) reports a 5.3...
The Vietnam Leather & Footwear Association (Lefaso) reports a 5.3 percent increase in the country's production of athletic shoes to 29.7 million pairs for the first 11 months of this year. The production of other types of shoes increased at a higher rate of 10.3 percent to 5.2 million pairs ...
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News briefs
French specialty sporting goods retailers saw their sales decline by...
French specialty sporting goods retailers saw their sales decline by an estimated 2 percent in the third quarter according to their trade association, FPS, in spite of a relatively good month of July. The drop has partly offset the 5 percent increase enjoyed in the first half of the year, ...
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News briefs
Reporting on the seventh consecutive quarter of strong growth in...
Reporting on the seventh consecutive quarter of strong growth in sales and profits, Foot Locker said its net income jumped by 26.9 percent to $66 million in the third quarter ended Oct. 29 on a sales increase of 8.9 percent to $1.39 billion, beating the estimates of financial analysts. Sales ...
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News briefs
Globeride, the Japanese fishing tackle company previously known as Daiwa...
Globeride, the Japanese fishing tackle company previously known as Daiwa Seiko, improved its net profit by 26 percent to 1,776 million yen (€17.1m-$23.1m) for the first six months ended Sept. 30, in spite of lower sales and operating results. Revenues slipped by 9 percent to ¥29.7 billion (€286.2m-$385.7m), and operating ...
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News briefs
The recreational/leisure segment of Dorel Industries, which comprises Cannondale, Sugoi...
The recreational/leisure segment of Dorel Industries, which comprises Cannondale, Sugoi and other bicycle-related operations, enjoyed a 21.6 percent sales boost in the third quarter to $209.8 million. Organically, the segment rose by 18 percent, resulting in growth of 13 percent for the first nine months of the year. The gross ...
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News briefs
Higher selling prices boosted the results of Exceed Company, the...
Higher selling prices boosted the results of Exceed Company, the Chinese firm that markets the Xidelong brand of sports shoes and apparel, for the third quarter ended Sept. 30. The company has reported a 41 percent rise in net income to 156.1 million renmimbi (€18.2m-$24.6m) on 28 percent higher revenues ...
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News briefs
Soaring sales of American football helmets under the Riddell brand...
Soaring sales of American football helmets under the Riddell brand drove a quarterly sales increase of 6.9 percent to nearly $212.5 million for Easton-Bell Sports, the American supplier of team sports, cycling and other sports products. Riddell's market share continued to increase as its sales of helmets for adults and ...
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News briefs
Sales of Björn Borg shoes increased by 60 percent in...
Sales of Björn Borg shoes increased by 60 percent in the first nine months of this year, but this didn't prevent the Swedish company by the same name from posting a 2 percent drop in revenues to 413.4 million Swedish kronor (€45.1m-$60.8m) and a drop in net profit to SEK ...
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News briefs
Mizuno Corporation's turnover inched up by 2.2 percent to 78.15...
Mizuno Corporation's turnover inched up by 2.2 percent to 78.15 billion yen (€753.0m-$1,014m) for the six months until the end of September, driven by increased footwear sales in all regions. In constant currencies, sales increased the most in the Americas, where they were up by nearly 11 percent and reached ...
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News briefs
An estimated 43 percent of Spanish people aged 15 to...
An estimated 43 percent of Spanish people aged 15 to 75 were practicing some kind of sports in 2010, up from 37 percent in 2005. The figures were disclosed by Spain's Superior Sports Council (CSD), which added that Spaniards are getting away from institutionalized and competitive sports.
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News briefs
Nautilus posted a net loss of $92,000 in the third...
Nautilus posted a net loss of $92,000 in the third quarter, compared with a loss of $4.3 million in the year-ago period. Excluding the losses related to its commercial fitness equipment operations, which it sold earlier this year, the U.S. company recovered with a profit of $281,000 versus a loss ...
