Financial insights for the sporting goods industry – Page 61
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News briefs
Chinese sports brands see better Q4
We have already reported on the preliminary results of Anta Sports Products for the fourth quarter of 2020, which showed a significant recovery in retail sales for its flagship Anta brand and stronger growth for Fila and the other brands in its portfolio, namely Descente, Kolon Sport, Sprandi, and Kingkow. ...
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News briefs
Record sales for Polygiene
In a business update, Polygiene said its sales for the fourth quarter soared by 41.4 percent to a record 26.9 million Swedish kronor (€2.7m-$3.2m) in the fourth quarter of 2020. The company added that Addmaster, its newly acquired British subsidiary, had even stronger growth. Sales to Polygiene excluded, Addmaster’s revenues ...
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News briefs
Superdry in the red
Superdry recorded an underlying pre-tax loss of £10.2 million (€11.5m-$13.9m) in the 26 weeks to Oct. 24, compared with a £2.3 million loss for the year-ago period. Revenues dropped by 23.4 percent to £282.7 million (€317.6m-$384.9m), weighed down by the impact of the Covid-19 pandemic, as restrictions and lockdowns led ...
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Article
Stella’s revenues down by 19%
Stella International continued to struggle in the fourth quarter, ending a difficult year for the Chinese footwear company. Shipment volumes for the last three months of 2020 were down by 21.7 percent from the year-ago quarter to 10.8 million pairs, while total revenues plunged by 18.9 percent to $280.1 million, ...
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News briefs
Positive quarter for Anta Sports Products
In an operational update, Anta Sports Products reported on a good performance for its various brands in the fourth quarter of 2020, without discussing the results of Amer Sports, which is indirectly owned by the major Chinese sporting goods group. The Anta brand recorded a low single-digit increase in retail ...
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Article
The momentum keeps going for StockX
StockX, the online reseller for sneakers and other cult products, said it recorded $1.8 billion in gross merchandise value (GMV) in 2020, which compares with about $1.0 billion in the previous year. It concluded more than 7.5 million trades. More than 200 million people visited the marketplace, and the number ...
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News briefs
Yue Yuen’s manufacturing revenues fall by 27%
Yue Yuen’s revenues from footwear manufacturing fell by 27 percent in terms of U.S. dollars in 2020, including a drop of 16 percent in December. The group’s retail subsidiary, Pou Sheng, improved its sales by 1 percent thanks to a strong finish of the year, with sales up by 11 ...
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News briefs
Deporvillage more than doubles its annual sales
Deporvillage’s tenth-anniversary year was one for the record books. In 2020 the Spanish e-tailer of sporting goods raised its annual turnover by 105 percent toa n unprecedented level of €120 million, exceeding by 60 percent the company’s own projection of €75 million. The pandemic-related lockdowns were, of course, the driving ...
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News briefs
An ongoing momentum at Lululemon
Lululemon says it expects sales and earnings that will be at the high end of the previously forecast ranges for the fourth quarter and full financial year ending Jan. 30. The company had most recently projected sales growth in the mid-to-high teens for the quarter, with a rise in the ...
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News briefs
Expanded: Store closures hit Blue Tomato hard
Blue Tomato was hit hard by coronavirus-related store closures in Europe in the 10-week period ended Jan. 9, according to its U.S.-based parent company, Zumiez. However, the group’s Australian action sports retail chain, Fast Times, performed “extremely well.” In the end, the group’s international sales were off by 6.7 percent ...
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News briefs
Crocs guides for 20-25% growth
Crocs’ management told investment analysts at the ICR Conference that it is expecting to report a sales increase of more than 12 percent for the 2020 financial year, up from a previous guidance of 5 to 7 percent. In the fourth quarter alone, the growth rate reached a level of ...
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News briefsNice Footwear is in negotiations with other brands
Nice Footwear, an Italian company specialzing in sneakers, has reported orders for more than €12 million for the spring/summer season and expects to finish the full financial year, ending on April 30, 2021, with sales of more than €20 million in spite of the Covid-19 pandemic. In the last financial ...
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ArticleDigital, China and EMEA help Nike to grow strongly
The Nike group reported good results for its second fiscal quarter ended on Nov. 30, boosted by sharply higher online sales and double-digit growth in the EMEA region and China. On a constant-currency basis, the Nike brand’s sales rose by 8 percent to reach a level of $10,700 million, driven ...
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Article
Lululemon’s profits return to double-digit growth
The yoga apparel specialist saw its net income progress by 14 percent in the third quarter to $143.6 million, rebounding from a 31 percent dip suffered in the second one, in spite of extra expenditures of $8.5 million related to the $500 million acquisition of Mirror. The gross margin rose ...
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Article
Frasers Group raises guidance as stores reopen
After what the Frasers Group called its most challenging year in its history - due to Brexit, a Belgian tax investigation and Covid-19 - the parent company of Sports Direct and many other retail chains posted a 29 percent rise in earnings for the first half of its fiscal year ...
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Article
Kingmaker’s profits are back in the black
Kingmaker, a major Chinese manufacturer of athletic and casual footwear, posted a net income of 65.5 million Hong Kong dollars (€7.0-$8.5m) for its first fiscal half-year ended on Sept. 30, compared with a loss of HK$32.3 million last year, helped by gains from its property investments that more than offset ...
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News briefs
StockX booms over Cyber Weekend
This year StockX enjoyed its best Cyber Weekend ever. The daily gross merchandise value (GMV) for the period averaged a growth of 100 percent year-on-year. Black Friday’s rate of one trade per second rose at times in the subsequent days to as much as three per second. The website received ...
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Article
China Dongxiang sees profits surge due to Japan sale
The sale of the Japanese Kappa trademark lifted China Dongxiang’s profits for the six-month period ended in Sept. 2020, which rose to 1,116 million yuan renminbi (€140.6m-$170.0m), up from RMB 188 million for the year-ago period. On the other hand, the company’s gross margin contracted by 5.3 percentage points to ...
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News briefs
Fishing craze lifts Globeride
Globeride, the Japanese company that owns the Daiwa brand, has benefited from the popularity of fishing in Japan, as people looked for activities that can be practiced while respecting social distancing guidelines. Its net income for the second fiscal quarter ended Sept. 30 soared by 65 percent to ¥2,051 million ...
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News briefs
Yonex declines in Europe and the U.S.
Yonex, the Japanese brand of racquet and golf products, saw its revenues decline by 19 percent to ¥13,893 million (€111.8m-$130.9m) in the second fiscal quarter ended Sept. 30. Europe fell by 57 percent to ¥234 million (€1.9m-$2.2m), as many sports facilities remained closed over the pandemic. Badminton sales declined across ...
