Financial insights for the sporting goods industry – Page 119
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News briefs
Activinstinct, the British online sports retailer, reports a 33 percent...
Activinstinct, the British online sports retailer, reports a 33 percent increase to £11 million (€12.6m-$17.0m) in its sales for the financial year ended Aug. 31. Without quoting a figure, it also reports an 84 percent increase in profits. The company is forecasting further increases of 40 percent in sales and ...
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News briefs
Intersport PSC, the Swiss licensee of Intersport International, says its...
Intersport PSC, the Swiss licensee of Intersport International, says its net profit will decline slightly this year because of the strong appreciation of the Swiss franc against the euro, which has been affecting sales to foreign tourists. The problems started in border areas in the spring and they have been ...
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News briefs
In the first nine months of its financial year, a...
In the first nine months of its financial year, a period ended on June 30, Yue Yuen raised its net profit by 5.9 percent to US$377.0 million even as its total revenues rose by 23.4 percent to $5.19 billion. Revenues from shoe manufacturing grew by 25.8 percent to $3.68 billion, ...
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News briefs
The department stores of El Corte Inglés remain a major...
The department stores of El Corte Inglés remain a major retail channel for sporting goods in Spain. As reported in the previous issue, their sales of sporting goods rose by an estimated 0.8 percent to €427 million, excluding its two stores in Portugal. Overall, the department stores of El Corte ...
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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 specialty chains operating In other sectors, reports a 15 percent drop in net profit to €35 million for the first half of this year on 2 percent lower overall revenues of €2.70 billion. The recurring Ebitda ...
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News briefs
Global consumption of rugbywear – including clothing, footwear and equipment...
Global consumption of rugbywear – including clothing, footwear and equipment – is estimated by NPD to have reached a value of €300 million last year. The highest national consumption was in Britain, with estimated sales of €84 million, followed by France with €54 million. NPD analysts expect the market to ...
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News briefs
Björn Borg, the Swedish company that owns the brand rights...
Björn Borg, the Swedish company that owns the brand rights related to the Swedish tennis champion by the same name, reports a sales increase of 2 percent to 253.3 million Swedish kronor (€28.3m-$39.7m). Net profit fell by 26 percent to SEK 27.1 million (€3.0m-$4.2m), due a lower gross margin of ...
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News briefs
Bauer Performance Sports claims it further raised its share of...
Bauer Performance Sports claims it further raised its share of the ice hockey equipment market during its financial year ended May 31, where its net revenues rose by 19 percent to $306.1 million. The company scored sales increases of 17 percent in ice hockey equipment, 22 percent in apparel and ...
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News briefs
According to the Swedish Retail Sales Index, the country's sporting...
According to the Swedish Retail Sales Index, the country's sporting goods retail market increased by 3.5 percent at current prices in July as compared to last year. This means an accumulated increase so far this year of 0.7 percent. On an adjusted basis, sales rose by 7 percent in July, ...
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News briefs
Lyle & Scott saw its net profit decline by 13.2...
Lyle & Scott saw its net profit decline by 13.2 percent to £5.3 million (€6.0m-$8.5m) in the financial year ended last March 31. Sales grew by 0.47 percent to £34.3 million (€39.1m-$54.9m), with a 20 percent rise in export markets, and the gross margin rose slightly to 52.6 percent, but ...
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News briefs
Nautilus reduced its losses in the second quarter thanks to...
Nautilus reduced its losses in the second quarter thanks to a 13.3 percent increase in net sales to $34.7 million and a 14.9 percent reduction in operating expenses, partly achieved through more effective advertising. Losses from continuing operations went down by 68.6 percent to $2.2 million. The net loss fell ...
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News briefs
Mountain Force, the Swiss label for snow and outerwear, has...
Mountain Force, the Swiss label for snow and outerwear, has increased its capital by 2.5 million Swiss francs (€2.36m-$3.36m) to ensure continued growth in its core markets, which consist of Italy, the German-speaking countries and North America. With this move, the recently appointed chief executive, Roman Stepek, has become majority ...
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News briefs
Peak Performance, the Swedish ski, outdoor and golf brand, lifted...
Peak Performance, the Swedish ski, outdoor and golf brand, lifted its sales by 7 percent to the equivalent of 977 million Danish kroner (€131.2m-$189.0m) for the year ended on June 30. This emerged in the results of IC Companys, the Danish group that owns Peak Performance along with 10 fashion ...
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News briefs
Mammut Sports Group, the leading outdoor brand from Switzerland, reports...
Mammut Sports Group, the leading outdoor brand from Switzerland, reports a decrease in sales of 10.1 percent for the first six months of the current year and reached total sales of 85.4 million Swiss francs (€75.1m-$107.3m). In local currencies and disregarding the divestment of the Toko wax brand last year, ...
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News briefs
Anta Sports of China saw its net profit decline by...
Anta Sports of China saw its net profit decline by 22 percent to 927.3 million renminbi (€100.6m-$144.9m) for the first half of this year as the gross margin fell by 0.9 percentage points to 42.8 percent and its operating margin slipped by 1.3 percentage points to 24.6 percent. Still, the ...
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News briefs
After a difficult start to the year and a slow...
After a difficult start to the year and a slow and dry Easter period, the Regatta Group is reporting a strong recovery with an 18 percent sales increase in the first half of the year and double-digit growth for each of its three brands. Regatta is up by 18 percent, ...
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News briefs
Net revenues declined by 5.7 percent to $8.99 million in...
Net revenues declined by 5.7 percent to $8.99 million in the second quarter ended June 30 for Orange 21, the parent company of Spy Optic, but on a pro forma basis, they increased by $0.6 million or 7 percent during the period. The company booked an operating loss of $618,000 ...
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News briefs
Descente reports a sales increase of 11.3 percent to ¥16.47...
Descente reports a sales increase of 11.3 percent to ¥16.47 billion (€149.4m-$215.0m) for its first quarter, ended on June 30. The gross margin slipped to 47.6 percent from 48.0 percent, but a cut in operating expenses helped the company reduce its operating losses sharply to ¥167 million (€1.5m-$2.2m) from ¥597 ...
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News briefs
Garmin's outdoor segment posted a sales increase of only 1...
Garmin's outdoor segment posted a sales increase of only 1 percent to $81.0 million in the second quarter ended June 25, generating operating income of $35.7 million. However, the management is projecting a higher growth rate for the third quarter following the launch of updated product lines and the acquisition ...
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News briefs
Sales of PrimaLoft products increased by 6.1 percent to $8,941,000...
Sales of PrimaLoft products increased by 6.1 percent to $8,941,000 in the three months ended June 30, says its parent company, Albany International, whose total revenues inched up by 2.0 percent to $244.0 million. Operating income rose to $3,165,000 at PrimaLoft from $2,926,000 in the year-ago period, but it fell ...
