Financial insights for the sporting goods industry – Page 77
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News briefs
Sport XX announced that it reached revenues of 307 million...
Sport XX announced that it reached revenues of 307 million Swiss francs (€259.9m-$320.8m) in 2017, a 6.6 percent increase on the previous year. The Swiss sporting goods retail chain, which is owned by the Migros cooperative, added two more stores in the course of last year, reaching a total of ...
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After rising by 4.4 percent in 2016, memberships in health...
After rising by 4.4 percent in 2016, memberships in health and fitness clubs grew by 4.0 percent to 60.0 million in 2017 as compared to 2016, according to an annual report released by Europe Active and Deloitte ahead of the Fibo trade show in Cologne. Germany continued to strengthen its ...
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News briefs
Hervis Sport reported a 5.2 percent sales increase to €520...
Hervis Sport reported a 5.2 percent sales increase to €520 million last year. In particular, its sales in the domestic Austrian market increased by 6.5 percent to about €315 million, indicating a significant gain in market share. The balance of the turnover came from Hervis' stores in Germany, Slovenia, Hungary, ...
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News briefs
Wintersteiger reports a record total turnover for 2017 of €154...
Wintersteiger reports a record total turnover for 2017 of €154 million and intends to continue its rapid double-digit growth through both partnerships and acquisitions. The machinery and ski service specialist from Ried im Innkreis in Austria increased its annual sales by 10 percent, and its pre-tax profits rose by 30 ...
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News briefs
The consumption of sporting goods products grew in France by...
The consumption of sporting goods products grew in France by 3 percent to €11.3 billion including bicycles in 2017, according to preliminary figures compiled by the country's sporting goods industry federation, Union Sport & Cycle. In particular, sales grew by an estimated 5.7 percent in footwear and by 2.2 percent ...
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News briefs
Skechers' management told investors at an investors' conference organized by...
Skechers' management told investors at an investors' conference organized by UBS that it feels well-positioned to raise its operating margin from 10 percent to 12-13 percent after its heavy investments outside the U.S. One of the reasons is that the brand can obtain higher price points abroad, especially in Asia, ...
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News briefs
Zumiez is hoping to break even in Europe. It is...
Zumiez is hoping to break even in Europe. It is still losing money in the region, where it ended the past financial year on Feb. 3 with 34 Blue Tomato stores and an internet shop, because of numerous investments in the last couple of years, increased costs, sales shortfalls and ...
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News briefs
Wolverine Worldwide has become the target of at least 90...
Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...
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News briefs
Erima reported that it increased its sales by 3 percent...
Erima reported that it increased its sales by 3 percent to €66 million in 2017, as compared to the previous year. In Germany, sales rose by 5 percent, while sales outside Germany, the company's domestic market, grew by 25 percent. Sales in Belgium went especially well. Erima reported an increase ...
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News briefs
BasicNet reports a final net consolidated profit of €10.6 million...
BasicNet reports a final net consolidated profit of €10.6 million for 2017, representing an increase of 3.3 percent from the previous year. As previously reported, the group's aggregated sales rose by 1.1 percent to €747.8 million. Ebitda went up by 7.3 percent to €23 million. Net debt increased to €61.5 ...
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News briefs
A positive swing in foreign exchange rates and other extraordinary...
A positive swing in foreign exchange rates and other extraordinary items allowed Yonex to double to 1,282 million yen (€9.7m-$12.1m) its comprehensive net income for the first nine months of its financial year, ended on Dec. 31. Sales inched up by 2 percent to ¥46.2 billion (€350.4m-$434.4m) but the gross margin fell ...
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News briefs
The surfing division of the Lafuma group, which is essentially...
The surfing division of the Lafuma group, which is essentially represented by Oxbow, raised its turnover by 6.0 percent to €26.8 million last year, while its operating profit moved up by 14.2 percent to €5.8 million. The French company described this as a significantly positive performance, with a return to ...
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News briefs
Globeride reported a big increase in comprehensive net income to...
Globeride reported a big increase in comprehensive net income to 3,576 million yen (€27.1m-$33.6m) for the first nine months of its financial year as compared to ¥587 million in the year ago period, as lower foreign exchange losses and the settlement of a patent issue led to an increase of ¥2.5 ...
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News briefs
Jeff Bezos, founder and chief executive of Amazon, has overtaken...
Jeff Bezos, founder and chief executive of Amazon, has overtaken Bill Gates as the wealthiest individual in the world, according to Forbes, with a personal net worth of $127 billion. He is also the first one to have reached a personal wealth of more than $100 billion. Bezos, 54, owns ...
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News briefs
Two weeks before the formal release of the Adidas Group's...
Two weeks before the formal release of the Adidas Group's results for 2017, the company's chief executive reportedly indicated that its turnover increased in a range of 15 to 20 percent for the year to reach more than €20 billion. As reported by Reuters, Kasper Rorsted said at a conference ...
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Descente's sales grew by 6.5 percent in the third quarter...
Descente's sales grew by 6.5 percent in the third quarter ended Dec. 31, reaching 98.9 billion yen (€750.4m-$930.2m), but its operating margin declined by 0.4 percentage points to 5.6 percent and net earnings fell by 8.3 percent to ¥3,830 million (€29.1m-$36.0m). Lifted by the Descente brand, which represented 42.6 percent ...
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News briefs
China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
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News briefs
Sumitomo Rubber Industries reported an operating profit of 4.4 billion...
Sumitomo Rubber Industries reported an operating profit of 4.4 billion yen (€33.4m-$41.4m) in 2017 for its sports segment, which includes the distribution of Babolat in Japan plus the global operations of Dunlop, Srixon, Cleveland Golf and XXIO. The segment's sales rose by 12 percent last year to ¥81.7 million (€0.62m-$0.77m), ...
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Sequential Brands, which owns and licenses And1, Heelys, Revo and...
Sequential Brands, which owns and licenses And1, Heelys, Revo and many other brands, reported an 8 percent increase in last year's revenues to $167.5 million, mostly from licensing, adding that And1 and its other action brands performed well. Adjusted Ebitda increased by 18 percent to $98.0 million, but the company ...
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News briefs
Golf rounds played in the U.K. were lower in the...
Golf rounds played in the U.K. were lower in the fourth quarter of 2017 as compared to the same period in 2016. According to the figures exclusively released by Sports Marketing Surveys (SMS), all regions experienced a decline, leading to an average drop of 11.4 percent. These figures were to ...
