Financial insights for the sporting goods industry – Page 123
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News briefs
Golf House has reported a pre-tax profit of €1.5 million...
Golf House has reported a pre-tax profit of €1.5 million on sales of €27.5 million in 2010. The German golf retail chain, which was previously the property of Karstadt, has just opened its 16th store in Münster.
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News briefs
Plimsoll, a financial consultant in the U.K., estimates that one...
Plimsoll, a financial consultant in the U.K., estimates that one out of five companies in the British sports and leisurewear sectors could change ownership as a consequence of the current economic climate. The consultancy identified 78 companies sitting on a sizeable cash reserve, which is not very productive due to ...
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News briefs
The Spanish brand Original Buff recorded an increase in total...
The Spanish brand Original Buff recorded an increase in total sales of 20 percent to €22 million in 2010. Domestic sales accounted for 20 percent of the company's total sales. For 2011, the company expects a 10 percent increase. Regarding its international expansion, the company sees great potential in Asian ...
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News briefs
Andrea Cannelloni, vice president and general manager of Napapijri, told...
Andrea Cannelloni, vice president and general manager of Napapijri, told reporters in Milan earlier this month that the brand's sales should reach a level of about €140 million for this full year. Owned by VF Corporation, Napapijri enjoyed double-digit sales growth last year, but the company predicts that it will ...
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News briefs
Norwegian sporting chains experienced a 3.5 percent decrease in turnover...
Norwegian sporting chains experienced a 3.5 percent decrease in turnover during the first quarter of 2011, according to their industry association, Sportsbransjen. This dip followed a six-year period of solid growth every quarter for the Norwegian sporting goods industry. The likely reason for this was the early onset of winter ...
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News briefs
Kelme concluded a successful business year in 2010, with a...
Kelme concluded a successful business year in 2010, with a 35 percent increase in sales to €12 million. The company company would like to increase sales by another 30 percent this year to a total of €16 million. In the first quarter of 2011, total sales were about €4 million. ...
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News briefs
Yue Yuen's net profit increased by only 9.2 percent to...
Yue Yuen's net profit increased by only 9.2 percent to $230 million for the six months ended March 31, although its sales for the period went up by 24.4 percent to $3,302 million, as previously reported. The gross margin declined to 22.9 from 25.5 percent from the same period a ...
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News briefs
The major sports brands saw their footwear revenues increase by...
The major sports brands saw their footwear revenues increase by 11.6 percent in the U.S. last year, according to the American edition of SGI, reaching a new record of $13.3 billion. The Nike group saw its leading share decline in this segment to 40.29 percent of the national market, down ...
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News briefs
Apparently, Adidas Outdoor is on its way to meet the...
Apparently, Adidas Outdoor is on its way to meet the target of €500 million in global sales by 2015. In 2010, the outdoor division of the Three Stripes managed to reach sales of more than €200 million, with significant double-digit growth. In the first quarter of this year, sales were ...
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News briefs
Lowa Sportschuhe's total sales increased from €107 million in 2009...
Lowa Sportschuhe's total sales increased from €107 million in 2009 to €132 million last year. The figures include those of the company's subsidiaries in the U.S. and Switzerland, and were partly boosted by new distribution contracts in Switzerland. The turnover of the Lowa brand alone jumped from €92 million to ...
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News briefs
Seven out of 10 sports shops located in French mountain...
Seven out of 10 sports shops located in French mountain resorts booked a drop in sales during the winter season, according to a survey carried out by FPS with 140 points of sale representing about 15 percent of the market. The decline in revenues is estimated at 6 percent, led ...
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News briefs
Globeride, the Japanese fishing tackle company formerly called Daiwa Seiko,...
Globeride, the Japanese fishing tackle company formerly called Daiwa Seiko, reports a 27 percent drop in net income to 215 million yen (€1.9m-$2.6m) for the financial year ended last March 31. Consolidated sales fell by 4 percent to ¥59.9 billion (€519.7m-$736.7m).
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News briefs
Peak Performance, the largest brand of IC Companys, was not...
Peak Performance, the largest brand of IC Companys, was not on the list of those that achieved double-digit growth within the group during the third quarter as it reported its results for the period. Total sales increased by 10 percent to 1.1 billion Danish kronor (€147.5m-$208.9m), with wholesale and retail ...
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News briefs
Dorel Industries' recreational and leisure division, which includes the bicycle...
Dorel Industries' recreational and leisure division, which includes the bicycle and equipment brands Cannondale, Schwinn, GT, Mongoose and Sugoi, increased sales by 10.3 percent to $200.4 million in the first quarter. Growth was entirely organic and not influenced by currency rates. The business' gross margin was flat at 25.4 percent ...
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News briefs
The International Cotton Advisory Committee, a group based in the...
The International Cotton Advisory Committee, a group based in the U.S., reports that prices for cotton dropped in April, the first drop in seven months. The reasons cited were a decline in demand and a switch to man-made fibers. The Cotlook A Index listed cotton at $2.44 per pound on ...
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News briefs
Goldwin reports a decline of 8 percent in consolidated net...
Goldwin reports a decline of 8 percent in consolidated net income to 1.49 billion yen (€12.9m-$18.2m) for the financial year ended March 31. Annual sales and operating income both rose by 2 percent, reaching levels of ¥42.4 billion (€366.4m-$518.6m) and ¥603 million (€5.2m-$7.4m), respectively.
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News briefs
French sporting goods retailers' sales grew by between 5 percent...
French sporting goods retailers' sales grew by between 5 percent and 10 percent in April, according to a survey made by sport-guide.com. It was the third consecutive month registering an increase, but because of a big drop in January, the increase for the first four months of this year was ...
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Short stops
French ski resorts welcomed a total of 53.5 million skiers/days...
French ski resorts welcomed a total of 53.5 million skiers/days during the fall/winter 2010-11 season, 4 percent fewer than in 2009-10 and 2 percentage points below the average of the past four years
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Short stops
Led by a 4.8% increase for athletic apparel, shipments to...
Led by a 4.8% increase for athletic apparel, shipments to the retail trade in the U.S. rose by 3.5% to $74.2 million in 2010, according to the Sporting Goods Manufacturers Association (SGMA), after a decline of 4.3% in 2009 (more in the American edition of Sporting Goods Intelligence)
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News briefs
Descente enjoyed a 35.7 percent increase in net income to...
Descente enjoyed a 35.7 percent increase in net income to 2.51 billion yen (€21.7m-$30.7m) in the financial year ended March 31. Operating earnings grew by 20.9 percent to ¥3.73 billion (€32.2m-$45.6m), although revenues were basically flat at ¥75.7 billion (€654.1m-$925.9m). The gross margin ratio was 47.3 percent. The Japanese company, ...
