Financial insights for the sporting goods industry – Page 49

  • News briefs

    China Dongxiang’s Kappa sales dip

    2021-10-25T16:14:00Z

    In contrast with other Chinese sportswear companies, China Dongxiang reported a mid-to-high-teens decline at its Kappa and Kappa Kids stores for its second quarter ended Sept. 30, with a mid-to-low single-digit drop on a same store basis. For the first half of the company’s financial year, sales were off by ...

  • Stella
    Article

    Stella recovers and remains "cautiously optimistic"

    2021-10-25T15:30:00Z

    The Hong Kong-based shoe manufacturer and retailer Stella International has reported a 27.5 percent year-over-year increase in third-quarter revenues to $439.3 million. The period marked a slowdown from the company’s recovery in the first half, due to a tougher comparative basis. In the first nine months of the year, the ...

  • thule-group-vector-logo
    Article

    Thule sees sales gains and rising costs

    2021-10-25T08:38:00Z

    The outdoor trend, which kicked in shortly after the first Covid-19-related lockdowns, has once again brought good sales growth for the Swedish Thule Group. The trend toward outdoor and leisure activities closer to home continued to positively impact all of the group’s product categories in the third quarter. According to ...

  • News briefs

    361 Degrees returned to growth in Q3

    2021-10-21T17:25:00Z

    Retail sales of the 361° branded products grew by a rate in the mid-teens during the third quarter, says 361 Degrees, outperforming the high single-digit increase that the Chinese sportswear company had reported for the same period a year ago. Its 361° Kids line did even better, rising by between ...

  • crocs
    Article

    Crocs posts an Ebit margin of over 32% on 73% higher sales

    2021-10-21T17:09:00Z

    Performing better than what analysts had estimated, Crocs reported a sales increase of 73.0 percent in the third quarter to a record level of $625.9 million, with a gain of 72.2 percent on a constant-currency basis. The company posted an exceptionally high operating margin of 32.2 percent, up from 19.9 ...

  • News briefs

    Xtep grew at a mid-teens rate in Q3

    2021-10-20T15:03:00Z

    Xtep International reported growth in the mid-teens for the third quarter of 2021 through all the channels as compared to the same period a year ago; when the Chinese company’s growth was limited to a mid-single-digit rate. Retail discounts averaged 20 to 25 percent and the retail turnover stood at ...

  • Clarus logo
    Article

    Clarus sees sales growing by 62% this year

    2021-10-19T17:15:00Z

    Clarus Corp., the Utah-based parent company of Black Diamond and Pieps, said it expects to report a sales increase of 66 to 67 percent up to $107-$108 million for the third quarter ended Sept. 30, with a strong momentum across all brands. Black Diamond’s sales are expected to have increased ...

  • News briefs

    Anta reports gains at different speeds for the brands in its portfolio

    2021-10-19T16:25:00Z

    Anta Sports Products reports that the growth in retail sales of its core Anta brand accelerated to a low-teens rate in the third quarter as compared to the single-digit increase posted in the same period a year ago, leading to growth in the mid-teens as compared to the third quarter ...

  • Article

    Boohoo launches a marketplace for fashion and sports goods

    2021-10-12T16:44:00Z

    The Boohoo Group, the British fast-fashion online retailer that bought the brand name and the e-commerce operations of the Debenhams department store chain in January, is using it now to launch what it claims will be the biggest national online marketplace for sporting goods as well as fashion, cosmetics and ...

  • Technogym - Dior
    Article

    Technogym teams up with Dior

    2021-10-06T17:12:00Z

    In its first move of the kind to support its upmarket image, Technogym has partnered with the creative team at the Christian Dior fashion house to develop an exclusive, limited-edition line of home fitness products. The stylish, black and white line includes a treadmill, a multi-function bench and a wellness ...

  • Pittards logo
    News briefs

    Pittards returns to profits as sales recovery gathers momentum

    2021-10-01T13:42:00Z

    Pittards, a British leather and leathergoods manufacturer that is a major supplier to the sporting goods industry, returned to profit in the first half and said there are “clear signs” that a recovery from the Covid-19 pandemic was gathering momentum, with orders at their highest level in two years. Pre-tax ...

  • ANWR
    Article

    ANWR Group’s 2020 revenues were stable, sports up slightly

    2021-10-01T13:42:00Z

    The ANWR Group, whose holdings include the German branch of Sport 2000, weathered out the Covid-19 pandemic to end 2020 with a 0.2 percent increase in total revenues to €17.8 billion. Last year posed a tough challenge to ANWR, but the group was able to withstand the crisis thanks to ...

  • Article

    Airesis’ H1 revenues soar by 86%, losses narrow

    2021-09-29T16:52:00Z

    Airesis, the Swiss holding company that controls Le Coq Sportif and Movement Skis, saw its net loss in the first half ended June 30 narrow to 9.4 million Swiss francs (€8.7m-$10.2m) from CHF 18.5 million the year earlier. Consolidated revenues jumped by 86 percent to CHF 59.9 million (€55.3m-$64.9m), as ...

  • News briefs

    Himaraya turns around

    2021-09-29T16:48:00Z

    Himaraya reported an overall sales increase of 8 percent to 62.13 billion yen (€480m-$582m) for the financial year ended Aug. 31, but the momentum is fading away, and the Japanese sporting goods retailer is projecting a decline to ¥59.50 billion (€460m-$530m) for the current year. The company posted net income ...

  • Nike-Eliud-About-Innovation_original
    Article

    Nike cuts guidance as supply chain woes worsen in Q1

    2021-09-24T17:07:00Z

    The Nike group cut its guidance for fiscal year 2022 despite strong consumer demand, as it warned of inventory shortages over the next few quarters in the face of continuing supply chain headwinds that already took their toll on its sales performance in the first quarter ended Aug. 31. Nike’s ...

  • News briefs

    Sport 2000's summer business rose by 11% in Austria

    2021-09-23T17:14:00Z

    Sport 2000 Austria reports a sales increase of about 11 percent for its affiliated retailers between May and August, compared with the previous year. The growth is mainly attributed to the addition of new members and the ongoing demand by Austrians as well as foreign tourists for high-quality bike, outdoor ...

  • News briefs

    J.Lindeberg sees light at the end of the tunnel

    2021-09-23T17:13:00Z

    J.Lindeberg has indicated that it anticipates a financial turnaround in 2021, after posting losses of more than 90 million Swedish kronor (€8.9m-$10.4m) in 2019 and SEK 20 million (€1.9m-$2.3m) in 2020. Sales are expected to grow by SEK 50 million (€4.9m-$5.8m) as compared to last year, driven by an increase ...

  • kathmandu holdings logo
    Article

    Rip Curl helps Kathmandu’s sales to rise by 15%, but outlook is uncertain

    2021-09-22T15:51:00Z

    Kathmandu Holdings said in a preliminary annual report that its sales increase by 15.1 percent to 922.8 million New Zealand dollars (€551.4m-$646.6m) in the full year ended July 31, 2021, as its Rip Curl and Oboz brands benefitted from a boom in surfing and higher participation in hiking, respectively. Instead, ...

  • News briefs

    Superdry sees slow recovery

    2021-09-16T16:20:00Z

    In an update for the four months of its current financial year through Aug. 18, Superdry said that its revenues were up by just 1.9 percent from the year-ago period, and they were still 29.6 percent below the level of the comparable 2019 period. Sales through the company’s own stores ...

  • News briefs

    Camera subscriptions boost GoPro’s sales and margins

    2021-09-16T15:59:00Z

    GoPro told investors at the Citi’s Global Technology Virtual Conference that it still hopes to meet projected revenue growth of 30 percent for the second half of this year, although the supply of components still poses a challenge. The growth is coming especially from a shift to direct-to-consumer sales, with ...