Financial insights for the sporting goods industry – Page 118
-
News briefs
Turkish textile exporters have set up a target to produce...
Turkish textile exporters have set up a target to produce $60 billion worth of apparel in 2023. That compares with the 2011 figure of $16.5 billion, an 11 percent increase over 2010. More than 1.5 million new jobs would be created in the textile sector in the next 13 years ...
-
News briefs
Skechers is still reeling from a dizzying drop in sales...
Skechers is still reeling from a dizzying drop in sales of its toning footwear, which led to a 37.7 percent decline in its turnover for the last quarter, down to $283.2 million. It ended the quarter with a loss of $57.7 million, compared with a profit of $3.2 million for ...
-
News briefs
Jarden Corporation indicated that its orders of winter sports equipment...
Jarden Corporation indicated that its orders of winter sports equipment could drop by 5 to 10 percent due to the unfavorable weather conditions in the current winter season, which implies a reduction of about $30 million to $50 million in sales. The American company, which owns K2 and Völkl in ...
-
News briefs
Globeride, the Japanese fishing tackle specialist previously called Daiwa Seiko,...
Globeride, the Japanese fishing tackle specialist previously called Daiwa Seiko, is raising its outlook for the financial year ending March 31. Prospects for the year's revenues have improved by 2 percentage points to 56.50 billion yen (€499m-$737m). At ¥1.2 billion (€10.6m-$15.7m), net income should come out 36 percent better than ...
-
News briefs
Björn Borg says it is gearing up to set foot...
Björn Borg says it is gearing up to set foot in China this year as it reports a 10 percent increase in net profit to 100.2 million Swedish kronor (€11.4m-$14.5m) for 2011 on flat sales of SEK 536.5 million (€61.1m-$80.2m). The apparel company, named after the famous Swedish tennis player, ...
-
News briefs
Schweizer & Sport und Mode's quarterly survey of Swiss sporting...
Schweizer & Sport und Mode's quarterly survey of Swiss sporting goods retailers indicates that their sales fell by between 10 and 12 percent in 2011, with footwear suffering the lowest damage. The main reasons were unseasonable weather patterns, a weak economy and the strong value of the Swiss franc. In ...
-
News briefs
Intersport Russia generated revenues of €7 million in the short...
Intersport Russia generated revenues of €7 million in the short period from August to December that it was under the control of Kesko late last year, but there was an operating loss of €6 million, partly attributable to launching costs. By Dec. 31, 36 stores had been transferred to Kesko's ...
-
News briefs
Mizuno raised its turnover by about 5 percent for the...
Mizuno raised its turnover by about 5 percent for the three months until the end of December to ¥36,837 million (€ 358.6 m-$469.5m), and the multi-sports Japanese company reduced its net loss for the third quarter of its financial year to ¥102 million (€1m-$1.3m) – roughly halving the loss incurred ...
-
News briefs
Net income jumped by 75.5 percent to 872 million yen...
Net income jumped by 75.5 percent to 872 million yen (€8.5m-$11.1m) for Descente in its third fiscal quarter, ended Dec. 31. Revenues increased by 8.7 percent to ¥20.7 billion (€201.0m-$263.9m) for the period. Gross margins slipped by 0.8 percentage points to 45.0 percent, but the operating profit increased by 51.0 ...
-
News briefs
Helly Hansen, the Norwegian outdoor and sailing brand, continues to...
Helly Hansen, the Norwegian outdoor and sailing brand, continues to enjoy the benefits of the strategic overhaul it launched four years ago, with a sales increase of 17 percent to just under 1.6 billion Norwegian kroner (€209.1m-$275.1m) last year. Its comparable Ebitda, excluding the survival unit divested early last year, ...
-
News briefs
A 40 percent drop in sales of outdoor gear, due...
A 40 percent drop in sales of outdoor gear, due to a 66 percent decline in sales of military tents, did not prevent Johnson Outdoors from posting a 2 percent increase in sales to $80.2 million for the first quarter of its financial year, which ended on Dec. 31, but ...
-
News briefs
Fischer expects an increase in total sales to €185 million...
Fischer expects an increase in total sales to €185 million for the financial year ending this month, thanks to strong reorders, compared with €160 million in 2010-11. While ski sales should decrease by about 10 percent, sales of ski boots may rise by 10 percent compared with the previous winter ...
-
News briefs
Rossignol officials say their sales in France fell by 10...
Rossignol officials say their sales in France fell by 10 percent overall during the first half of this winter period, whereas the company's global sales decreased by between 5-10 percent at the end of the last year. Rossignol hopes for a better second half of this winter season, so that ...
-
News briefs
Jarden Corporation says its results for the fourth quarter of...
Jarden Corporation says its results for the fourth quarter of 2011 should show a big increase in net income to $205-210 million from $46.7 million in the same period a year earlier, with total revenues up by between 2 and 3 percent to a range of $1,725-1,735 million. It did ...
-
News briefs
iVendix, the online wholesale portal of Centerstone Technologies, reports a...
iVendix, the online wholesale portal of Centerstone Technologies, reports a 30 percent increase last year to €1.4 billion in the value of sales transactions going through its international platform for the sports and sportswear industries. It processed 470,000 orders, up 15 percent, from 1,225,000 log-ins. The number of active ...
-
News briefs
Tradeinn, a major online retailer of sporting goods based near...
Tradeinn, a major online retailer of sporting goods based near Girona, Spain, has reported a sales increase of more than 50 percent to over €11 million for 2011. The company set up a new head office and logistics center at Celrà last year. It incorporates a brick-and-mortar store of 400 ...
-
News briefs
Sports and recreation goods are predicted to be among the...
Sports and recreation goods are predicted to be among the items that will grow the most at retail in South Africa this year, along with all kinds of clothing and footwear, rising at an annual rate between 4.7 and 4.9 percent. The Bureau of Market Research and Unisa expect the ...
-
News briefs
In the first quarter of its 2011-12 fiscal year, ended...
In the first quarter of its 2011-12 fiscal year, ended last Dec. 31, Lafuma Groupe increased its overall sales by 4.4 percent to €54.7 million, marking the highest quarterly growth in three years. Sales in France dipped by 2.2 percent to €31.4 million, while the international business grew by 14.7 ...
-
News briefs
Sales of snow sports equipment in the U.S. went well...
Sales of snow sports equipment in the U.S. went well in the period from August to November 2011, according to a survey made by Leisure Trends Group for Snow Sports Industries of America, but the numbers were probably not so good afterwards due to a generalized lack of snow. In ...
-
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 ...
