Financial insights for the sporting goods industry – Page 75
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News briefs
With a double-digit sales increase for the second quarter and...
With a double-digit sales increase for the second quarter and the first half ended June 30, Europe outperformed other markets for Giant Manufacturing Co., thanks to the strengthening demand for e-bikes. Sales remained soft in China, although the company was encouraged by an increase in high-end carbon bikes in the ...
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News briefs
Women's sports attract more and more people in the U.K....
Women's sports attract more and more people in the U.K. According to new research by Nielsen Sports for the Women's Sport Trust and England Hockey, more than half of the U.K. population (59 percent) declares an interest in women's sports. Data show the growth of women's sport as a sponsor ...
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News briefs
Non-performance sneakers, also known as “athleisure” footwear, is now driving...
Non-performance sneakers, also known as “athleisure” footwear, is now driving growth in the sports leisure category in the U.S., according to NPD's Footwear Insights report for the second quarter of the year. Leisure sneakers - which include sport lifestyle and boots — saw sales increase by 7 percent to $2.9 ...
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News briefs
A foreign currency loss of 712 million yen (€5.6m-$6.4m) caused...
A foreign currency loss of 712 million yen (€5.6m-$6.4m) caused Globeride, the owner of the Daiwa brand of fishing products and the distributor of Prince in Japan, to book a net loss of ¥248 million (€1.9m-$2.2m) for its fiscal first quarter ended June 30, compared with net income of ¥497 ...
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News briefs
Descente reported a 28 percent increase in attributable net income...
Descente reported a 28 percent increase in attributable net income to 975 million yen (€7.7m-$8.8m) for its fiscal first quarter ended June 30, while total revenues went up by 2 percent to ¥30.8 billion (€244.6m-$279.0m), driven by Le Coq Sportif in Japan and the Descente brand in China. Sales in ...
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News briefs
Yonex reported a 9 percent drop in revenues to 14.5...
Yonex reported a 9 percent drop in revenues to 14.5 billion yen (€115.1m-$131.3m) for its first fiscal quarter, ended June 30. Sales fell by 9 percent in the Japanese domestic market, down to ¥9.25 billion (€73.4m-$83.7m), with declines in tennis as well as badminton. Sales in China drifted down by ...
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News briefs
Yue Yuen warns that it expects to report first-half declines...
Yue Yuen warns that it expects to report first-half declines of 5.5 percent in revenues and about 40 to 45 percent in profits for its manufacturing operations. The lower revenues are attributed to fluctuating order patterns and an unfavorable product mix. The drop in profits for the period ended June ...
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News briefs
Clarus Corporation, the parent company of Black Diamond, improved its...
Clarus Corporation, the parent company of Black Diamond, improved its guidance, predicting a sales increase of between 20 and 23 percent this year and an adjusted Ebitda margin of about 8.5 percent, while reporting on a very strong second quarter. Sales went up by 50 percent to $45.9 million during ...
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News briefs
Adidas took six of the top ten spots in a...
Adidas took six of the top ten spots in a recent ranking of world's most Instagrammed sneakers. Meanwhile, the survey found that 53 percent of the world's most Instagrammed sneakers were Nike models. The Adidas NMD, which took the top spot, was mentioned in 5.7 million posts, followed by the ...
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News briefs
Groupe Go Sport's sales moved up by 8.6 percent to...
Groupe Go Sport's sales moved up by 8.6 percent to €406 million for the first half of this year, as reported by its majority shareholder, the Rallye group. On a same-store basis and in constant currencies, its sales were up by 4.2 percent for the six months. The entire retail ...
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News briefs
Figures presented at the recent Ispo Shanghai show indicate that...
Figures presented at the recent Ispo Shanghai show indicate that five million pairs of running shoes are now been sold in China every year and that the total running market grew in 2017 by 25 percent to an estimated $6.32 billion. Around 700 million people, or half of the Chinese ...
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News briefs
The share of branded shoes with a sports sole in...
The share of branded shoes with a sports sole in the Russian footwear market reached 70 per cent in 2017, as compared to only 45 per cent several years ago, according to the Fashion Consulting Group. This trend is clear evidence that the women shoes with heels are rapidly losing ...
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News briefs
Munich, the Spanish brand of sports and lifestyle footwear, reportedly...
Munich, the Spanish brand of sports and lifestyle footwear, reportedly raised its revenues by 17 percent to €35 million in 2017. Its own retail operations delivered a 26 percent increase to more than €10 million, thanks in part to the opening of three new stores and a growth of more ...
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News briefs
While its sales in the Americas dipped by 6 percent...
While its sales in the Americas dipped by 6 percent in the second quarter, with a drop of 4 percent in constant currencies, the Thule Group's sales in Europe and the rest of the world jumped by 18 percent, or 12 percent in local currencies, driven by Sport & Cargo ...
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News briefs
Groupe Lafuma has raised its sales by 2.1 percent to...
Groupe Lafuma has raised its sales by 2.1 percent to €83.1 million for the first half of this year, amounting to a rise of 3.5 percent in constant currencies. With the Lafuma, Millet and Eider brands, the mountain sports division reported a sales hike of 4.3 percent to €38.7 million ...
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News briefs
Retail sales of sporting goods in Norway reached a record...
Retail sales of sporting goods in Norway reached a record level of more than 3.2 billion kroner (€335.9m-$395.5m) during the first quarter of 2018, up by 11 percent from the same quarter of 2017. According to Sportsbransjen, the Norwegian sporting goods industry association, good snow conditions and cold temperatures were a ...
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News briefs
Groupe Bic reports that its sports division suffered a small...
Groupe Bic reports that its sports division suffered a small double-digit sales decline in constant currencies for the first quarter. Bic Sport already saw its turnover decline by about 5 percent in 2017, which was blamed on an increasingly competitive market in the U.S. The group has overhauled its business ...
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News briefs
Sports Marketing Surveys has obtained an assignment from the All...
Sports Marketing Surveys has obtained an assignment from the All England Lawn Tennis Club to deliver the Wimbledon Equipment Census for at least another three years, until 2020. This program provides the count of equipment used by all competitors at the championships, in main draw singles, doubles, wheelchair, junior and ...
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News briefs
Descente reported a slightly improved net profit of 5.77 billion...
Descente reported a slightly improved net profit of 5.77 billion yen (€44.5m-$52.4m) for the financial year ended March 31 on 7.3 percent higher net sales of ¥141.1 billion (€1.1bn-$1.3bn). The operating margin rose by 0.4 percentage points to 6.9 percent. Sales increased in all the segments and virtually all the regions, ...
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News briefs
A 30 percent jump in sales of electric bikes allowed...
A 30 percent jump in sales of electric bikes allowed Giant Manufacturing to post an overall sales increase of 3 percent to 13.9 billion Taiwanese dollars (€397.0m-$467.5m) in the first quarter of this year. Electric bike sales grew at a double-digit rate in Europe, where the company is planning to boost ...
