Financial insights for the sporting goods industry – Page 74
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News briefs
Zalando booked a net loss of €41.7 million in the...
Zalando booked a net loss of €41.7 million in the third quarter, up sharply from €11.1 million in the year-ago period, while sales growth slowed down to 11.7 percent from 28.7 percent. The adjusted operating profit (Ebit) sank to a negative level of €38.9 million on total turnover of €1.2 ...
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News briefs
In reporting its results for the third quarter, Canadian Tire...
In reporting its results for the third quarter, Canadian Tire said that Helly Hansen, the company that it recently acquired, had sales of 181.7 million Canadian dollars (€120.3m-$137.8m) during the period, of which C$ 25.2 million (€16.7m-$19.1m) were generated in Canada and C$ 156.5 million (€103.7m-$118.7m) in the rest of ...
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News briefs
The Brazilian e-tailer Netshoes has reported a net loss of...
The Brazilian e-tailer Netshoes has reported a net loss of 136.4 million Brazilian reais (€31.9m-$36.5m) for the third quarter of this year, roughly triple the net loss reported a year ago. Sales for the period were down 3 percent to R$ 417.8 million (€97.8m-$111.7m), while the gross margin shrank fourfold ...
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News briefs
Globeride, the owner of the Daiwa brand and the Japanese...
Globeride, the owner of the Daiwa brand and the Japanese distributor of Prince, reported a 69 percent decline in comprehensive net income to ¥738 million (€5.7m-$6.6m) in the first half ended on Sept. 30, due to a negative currency swing of about ¥2.2 billion. Sales edged up by one percent ...
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News briefs
Yonex' sales of tennis racquets went up in North America...
Yonex' sales of tennis racquets went up in North America and Europe in the first six months of its financial year, ended on Sept. 30, driven by Naomi Osaka's big victory at the U.S. Tennis Open, but badminton sales declined. Total revenues dropped by 5 percent to ¥30.6 billion (€237.4m-$272.1m), ...
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News briefs
Goldwin, which also controls The North Face's trademark in Japan...
Goldwin, which also controls The North Face's trademark in Japan and has a stake in Woolrich International, saw net income shoot up by 47 percent to ¥1,563 million (€12.2m-$13.9m) for the first half of the year, which ended on Sep. 30. Sales for the period were up by 16 percent ...
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News briefs
Vista Outdoor reported a 7 percent drop in total sales...
Vista Outdoor reported a 7 percent drop in total sales to $547 million in the second quarter ended on Sept. 30. Excluding the eyewear brands that it has just divested, sales were flat in the Outdoor Products segment, which includes Camelbak, Camp Chef and other brands. The group recorded a ...
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News briefs
Higher sales of Dunlop tennis products and XXIO 10 golf...
Higher sales of Dunlop tennis products and XXIO 10 golf clubs, combined with improvements at Srixon and Cleveland Golf, helped Sumitomo Rubber's sports division to record better results in the U.S. and Europe in the first nine months of this year. The division's global sales went up by 10 percent ...
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News briefs
Defying the apparent slowdown of the Chinese economy, Li-Ning Company...
Defying the apparent slowdown of the Chinese economy, Li-Ning Company put out a very positive preliminary statement for the third quarter ended on Sept. 30. Sales increased by a rate in the low-teens on a comparable basis in its retail operations during the quarter. Most of the growth came from ...
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News briefs
Vans has achieved nearly half the “mindshare” value of Nike...
Vans has achieved nearly half the “mindshare” value of Nike in the U.S. for the current season, according to Piper Jaffray's latest Taking Stock With Teens survey. Besides Vans, Adidas, Lululemon and Crocs showed progress. Surprisingly, Crocs tripled its mindshare as compared to the spring of 2017, reaching the 12th ...
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News briefs
Himaraya has reported a 66 percent increase in comprehensive net...
Himaraya has reported a 66 percent increase in comprehensive net income to 837 million yen (€6.57m-$7.47m) for the financial year ended on Aug. 31. Net earnings spiked as well, up 70 percent to ¥728 million (€5.71m-$6.50m). The Japanese sporting goods retailer's revenues were nevertheless down by 7 percent to ¥67.97 ...
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News briefs
Alpen reported a 58 percent dip in comprehensive net income...
Alpen reported a 58 percent dip in comprehensive net income to 1,620 million yen (€12.7m-$14.4m) on 3 percent higher revenues of ¥227.6 billion (€1.8bn-$2.0bn) for the financial year ended on June 30. On an adjusted basis, the Japanese retailer's net income declined by 28 percent to ¥1,979 million (€15.5m-$17.5m). The ...
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News briefs
The Thule Group reported a 12.7 percent sales increase for...
The Thule Group reported a 12.7 percent sales increase for the third quarter to 1.56 billion Swedish kronor (€150.6m-$170.4m). The growth in local currencies amounted to only 3.8 percent, with a drop of 4.4 percent in the Americas compensated for by a 7.8 percent increase in Europe and the rest ...
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News briefs
Zalando has once again reduced its guidance for the current...
Zalando has once again reduced its guidance for the current financial year, indicating that a very hot and long summer affected its sales, resulting in heavy discounting, and delayed the switch to autumn/winter season. The big e-tailer is now expecting its revenues to grow at the low end of its ...
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News briefs
The FC Barcelona club reported record revenues of €914 million...
The FC Barcelona club reported record revenues of €914 million for the 2017/18 season, up from €708 million in the previous year. Ebitda went up to €177 million from €124 million. Higher sponsorship revenues, including those obtained through a new shirt deal with Japan's Rakuten, were only one of the ...
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News briefs
The Willy Bogner group raised its sales by about 5...
The Willy Bogner group raised its sales by about 5 percent to €71.9 million for the first half of the current fiscal year, which will be ending this month, aided by strategic changes launched in 2016 and implemented since last November under the new leadership of Andreas Baumgärtner. This marks ...
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News briefs
Due to a shift in sales toward the second half...
Due to a shift in sales toward the second half of the year, the turnover of Le Coq Sportif declined to €56.8 million for the first six months of this year, down from €57.6 million in the prior-year period, but the French brand substantially raised its profit margins. A sharper ...
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News briefs
The Swiss sporting goods market suffered an estimated decline of...
The Swiss sporting goods market suffered an estimated decline of 2 percent at retail during the first six months of 2018, according to joint research conducted by GfK and Asmas, the Swiss sporting goods retailers' association, with online sales growing at a double-digit rate. Poor weather conditions at the beginning ...
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Short stops
Bic indicates that its sports division's sales declined at a...
Bic indicates that its sports division's sales declined at a double-digit rate during the first half of this year
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News briefs
Zumiez, the American action sports retailer whose holdings include Blue...
Zumiez, the American action sports retailer whose holdings include Blue Tomato in Europe, continued to improve its results in the second quarter ended Aug. 4. Total revenues went up by 13.9 percent to $219.0 million, with a 6.3 percent increase on a comparable basis. Sales grew by 14 percent to ...
