Financial insights for the sporting goods industry – Page 74

  • News briefs

    Stella International Holding's consolidated revenues drop by 10.9%

    2020-01-25T10:33:00Z

    Stella International Holding posted consolidated revenues of $345.4 million in the final quarter of 2019, representing a 10.9 percent drop as compared to the same period in 2018. The Chinese group experienced an 8.6 percent decline to 13.8 million pairs in the volume of manufactured shoes, accompanied by a drop ...

  • XXL
    Article

    XXL issues another profit warning

    2020-01-11T00:00:00Z

    XXL issued a profit warning last week, citing particularly weak trading conditions in December and at Christmas. It said poor winter conditions in the big cities where it operates, combined with large price cuts from competitors, contributed to a sales drop of 12 percent on a comparable basis in the ...

  • News briefs

    Tradeinn was expecting to close out 2019 with about €150...

    2020-01-11T00:00:00Z

    Tradeinn was expecting to close out 2019 with about €150 million in sales. The Spanish online retailer of sporting goods has instead achieved €188 million, for a leap of 40 percent from the previous year. According to the founder, David Martín, the group was already looking past its stated target ...

  • sports direct-logo
    Article

    Margins rise on lower sales in SDI’s sports stores

    2019-12-24T00:00:00Z

    Sports Direct International decided at its general meeting in London on Dec. 16 to change its name to Frasers Group, as its £90 million (€105.1m-$116.5m) acquisition in August 2018 of House of Fraser, the embattled British department store chain, is adding a new dimension to the company that Mike Ashley ...

  • Storia-Logo-Nike-Cover-RunDesign
    Article

    Digital-driven Nike gains market shares in Europe

    2019-12-24T00:00:00Z

    As in the previous quarter, Nike grew more slowly in North America in the second quarter than in the rest of world, where it still has more opportunities to expand. It even picked up steam in the Europe, Middle East and Africa (EMEA) region during the period, in spite of ...

  • Stella
    Article

    Stella’s revenues drop by 2% on soft European market

    2019-12-24T00:00:00Z

    Stella International’s revenues for the third quarter were down by 2 percent from the year-ago period to $447.9 million. The Chinese shoe manufacturer blamed the decline on its strategic decision to prioritize margin improvement over growth in shipment volumes.

  • Article

    Nautilus tries to recover

    2019-11-28T00:00:00Z

    Just as in the first half of this year, Nautilus ended the third quarter with a loss, as revenues tumbled by 32.2 percent to $61.7 million, weighed down by the Direct segment. The lower revenues and an unfavorable product mix impacted the gross margin, which dropped by 11.4 percentage points ...

  • Article

    Mizuno posts mixed results

    2019-11-28T00:00:00Z

    Sluggish sales of sporting goods in Japan weighed on Mizuno’s sales for the first half of its fiscal year through September. They fell by 1.7 percent from the year-ago period to 85.5 billion yen (€708.8m-$784.2m), but they recorded increases in constant currencies in North America, the EMEA region and Australia, ...

  • Article

    Lululemon invests in a smart mirror start-up

    2019-11-28T00:00:00Z

    Lululemon has joined in a just completed $34 million Series B funding round for a New York-based high-tech fitness start-up, Mirror, which launched a smart full-length LCD mirror in September of last year. The display can be used as an interactive home gym, with live and on-demand fitness classes. Taking ...

  • News briefs

    The Signa Retail Group signs letter of intent with the Otto Group to take over SportScheck

    2019-11-28T00:00:00Z

    The Signa Retail Group, which already owns Karstadt Sports and a group of sports-specific e-tailers called Signa Sports United, has signed a letter of intent with the Otto Group to take over its SportScheck chain of sporting goods stores, according to Germany’s Lebensmittelzeitung. The report could not be confirmed, but ...

  • footlocker-color-01
    Article

    Good sales momentum for Foot Locker

    2019-11-28T00:00:00Z

    Foot Locker reported a 5.7 percent increase in comparable store sales for the third quarter ended on Nov. 2, indicating an improvement from the previous quarters as the increase for the first nine months of the year was only 3.8 percent. However, the management predicts that the increase on a ...

  • Article

    Golfino files for insolvency

    2019-11-28T00:00:00Z

    Golfino, the leading German golfwear specialist based in Hamburg, filed for insolvency at the local court of Hamburg earlier this month. The company continues to operate nonetheless. Jens-Sören Schröder, a lawyer with Johlke, Niethammer & Partner in Hamburg, has been appointed as provisional insolvency administrator. The company’s financial problems are ...

  • Article

    Strong progress for Fila in Europe

    2019-11-28T00:00:00Z

    Like Puma and Champion, Fila continues to grow faster than much bigger sports brands like Nike, Adidas and Under Armour. The Italian heritage sports brand’s momentum remained particularly strong in Europe during the third quarter of 2019, as Fila Korea’s licensing royalties from the region surged by 59.3 percent to ...

  • Article

    Lafuma is selling Eider

    2019-11-28T00:00:00Z

    Lafuma has received a binding acquisition offer for its Eider brand from K2, the South Korean technical outdoor company.

  • Article

    Moncler’s sales grow despite Hong Kong riots

    2019-11-28T00:00:00Z

    Moncler posted consolidated revenues of €995.3 million in the first nine months of the year, representing a 14 percent increase at current exchange rates versus the same period in 2018. At constant exchange rates, the increase was 12 percent. The double-digit revenue growth continued through the third quarter, with sales ...

  • Article

    Canada Goose benefits from earlier shipments

    2019-11-28T00:00:00Z

    Canada Goose Holdings saw revenues for its second fiscal quarter ended on Sept. 29 jump by 27.7 percent from the year-ago quarter to 294.0 million Canadian dollars (€201.1m-$222.4m), or by 28.3 percent on a constant currency basis. However, it said that part of the growth was due to orders for ...

  • Article

    Under Armour boosts Vulcabras’ results

    2019-11-28T00:00:00Z

    Vulcabras has reported a sales increase of 11.6 percent to 359.4 million Brazilian reais (€76.4m-$84.2m) for the third quarter of 2019, thanks in part to the higher-prices shoe that the company is selling with the Under Armour brand name in Brazil under its new contract with the American company. The ...

  • Article

    Strong gains at Alpargatas

    2019-11-28T00:00:00Z

    The new owners of Alpargatas moved its head office to less expensive premises in São Paulo with a more collaborative layout during the month of August.

  • Article

    Delays affect GoPro’s results

    2019-11-28T00:00:00Z

    Production delays pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record weak results for the third quarter, but the drop was lower than what GoPro and the financial community had predicted. Revenues tumbled by 54.1 percent to $131.2 million, while the gross margin ...

  • Article

    China tariffs affect Thule

    2019-11-28T00:00:00Z

    The additional 15 percent duties imposed by the U.S. in July on a variety of products coming from China have led several U.S. retailers to reduce their inventories and to some extent resulted in higher prices that have impacted consumer spending, said the Thule Group to explain a 2.0 percent ...