Financial insights for the sporting goods industry – Page 79
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News briefs
Warm weather conditions, combined with a governmental decision to subsidize...
Warm weather conditions, combined with a governmental decision to subsidize purchases of electric bicycles, resulted in an 11.4 percent increase in retail sales of sporting goods in Sweden during the month of September. The warm weather was good for segments like running and cycling, while sales of sneakers continued to ...
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News briefs
A positive swing of one billion yen (€7.6m-$8.8m) in foreign exchange...
A positive swing of one billion yen (€7.6m-$8.8m) in foreign exchange translations helped Yonex to triple its net profit to ¥1,338.8 million yen (€10.1m-$11.8m) in the first half to Sept. 30, despite a contraction in the gross margin of three percentage points to 41.8 percent due to changes in the product mix ...
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News briefs
Descente's net income declined by 8.9 percent to 2,440 million...
Descente's net income declined by 8.9 percent to 2,440 million yen (€18.5m-$21.5m) in the second quarter ended Sept. 30, while its total sales went up by 5.4 percent to ¥65.9 billion (€499.0m-$581.6m), with increases of 7 percent in the athletic category and 4 percent in golf, partly offset by a drop ...
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News briefs
Goldwin moved to a comprehensive net profit of 1,681 million...
Goldwin moved to a comprehensive net profit of 1,681 million yen (€12.7m-$14.8m) in the first half ended Sept. 30 from a loss of ¥1,126 million. Excluding extraordinary items, the earnings doubled to ¥1,065 million (€8.1m-$9.4m) as the gross margin rose by 2.3 percentage points to 47.7 percent thanks to a higher proportion ...
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News briefs
A foreign exchange gain of almost two billion yen (€15.1m-$17.6m) allowed...
A foreign exchange gain of almost two billion yen (€15.1m-$17.6m) allowed Globeride to post net income of ¥2,398 million (€18.2m-$21.2m) in the first half ended Sept. 30, compared with ¥745 million in the year-ago period. Revenues advanced by 6.3 percent to ¥44.9 billion (€339.9m-$396.2m), but the gross margin declined by 1.4 percentage ...
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News briefs
There is new evidence that the pace of growth is...
There is new evidence that the pace of growth is accelerating in China. The country's Gross Domestic Product (GDP) grew by 6.8 percent in the third quarter and was up by 6.9 percent for the first nine months of this year. That's well above the 6.5 percent growth target set ...
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News briefs
Sports Marketing Surveys (SMS) has signed an exclusive contract with...
Sports Marketing Surveys (SMS) has signed an exclusive contract with MMRI for their new intelligence platform, Klood Radar. The partnership will result in a new platform called Sports Radar. Klood Radar, MMRI's proprietary digital search technology, has the ability to automatically collect data on a particular topic, product or brand ...
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News briefs
The growth trajectory of Yue Yuen has resumed in 2017...
The growth trajectory of Yue Yuen has resumed in 2017 with sales in the nine months to September having risen by 6.7 percent, compared with the increase of only 0.3 percent recorded in the first nine months of 2016. Yue Yuen, a subsidiary of the Pou Chen Group from Taiwan, ...
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News briefs
Thule Group reports an increase in net income to 185...
Thule Group reports an increase in net income to 185 million Swedish kronor (€19.0m-$22.1m) for the third quarter, up from SEK 156 million in the year-ago period. Sales grew by 6.9 percent to SEK 1,385 million (€142.2m-$165.4m), rising by 8.5 percent on a constant-currency basis. The underlying operating margin increased ...
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News briefs
The Cisalfa Sport group booked a sharp improvement in Ebitda...
The Cisalfa Sport group booked a sharp improvement in Ebitda to nearly €33 million for the financial year ended last February from €27 million the year before, in spite of only a small increase in consolidated revenues to €429 million from €420 million. It ended up with a net profit ...
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News briefs
Piper Jaffray's semi-annual survey of American teenagers provides further evidence...
Piper Jaffray's semi-annual survey of American teenagers provides further evidence that the U.S. market is shifting away from big American athletic brands like Nike and Under Armour and toward streetwear brands like Vans or Supreme. Nike remains the #1 brand of athletic apparel and footwear, but its share of teen ...
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News briefs
The Spanish sporting goods industry federation, Afydad, is putting up...
The Spanish sporting goods industry federation, Afydad, is putting up for sale to non-members a study of the sporting goods sector conducted by Sport Panel, charging €1,000 + VAT. Its members have already received it. The study analyzes the present state of the sector at the retail and consumption levels, ...
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News briefs
The national voluntary groups affiliated with Intersport International Corp. achieved...
The national voluntary groups affiliated with Intersport International Corp. achieved a currency-neutral increase of 2.2 percent in their retail sales during the first half of 2017, excluding The Athlete's Foot. After a tough first quarter, when their sales inched up by about one percent, the second quarter brought an encouraging ...
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News briefs
Himaraya swung to a net profit of 535 million yen...
Himaraya swung to a net profit of 535 million yen (€4.0m-$4.8m) in the fiscal year ended last Aug. 31 from a net loss of 811 million, despite a contraction of one percentage point to 35.1 percent in the gross margin due to inventory closeouts. The Japanese retailer's total sales rose ...
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News briefs
Regatta posted an 18.5 percent increase in sales to £139.8...
Regatta posted an 18.5 percent increase in sales to £139.8 million (€155.9m-$184.7m) for the year ended Jan. 31. According to filed accounts, 5.6 percent of the increase was attributable to the depreciation of the pound sterling. The company, which is based in Manchester, trades under two brand names - Regatta ...
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News briefs
GfK is predicting a recovery for the Swiss sporting goods...
GfK is predicting a recovery for the Swiss sporting goods market, after several bleak years resulting from the strong Swiss franc and the capricious winter weather. According to the market research company, the Swiss market may end the current calendar year with an increase of between two and three percent ...
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News briefs
Adidas has passed the Jordan brand as the second-largest sports...
Adidas has passed the Jordan brand as the second-largest sports footwear brand in the U.S. market, based on the athletic footwear report from the NPD Group for the year to date until August. The estimate marks a remarkable rise in the Adidas brand's footwear market share to 11.3 percent, compared ...
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News briefs
Operating expenses related to Hi-Tec's acquisition and other extraordinary items,...
Operating expenses related to Hi-Tec's acquisition and other extraordinary items, caused Cherokee Global Brands to post a net loss of $589,000 in the second quarter against net income of $1.9 million in the year-ago period. Boosted by indirect sales of $5.95 million from Hi-Tec, total revenues rose to $14.0 million ...
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News briefs
Interbrand assigned a brand value of $27 billion to Nike...
Interbrand assigned a brand value of $27 billion to Nike for 2017, up by 8 percent from the previous year. It came in 18th place on Interbrand's list of the most powerful brands, which continued to be led by Apple. At the top of the list, higher increases were recorded ...
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News briefs
Beating its previous guidance, Manchester United reported a 12.8 percent...
Beating its previous guidance, Manchester United reported a 12.8 percent increase in revenues to £581.2 million (€664.2m-$780.1m) for the financial year ended June 30, placing it ahead of Real Madrid as the world's N° 1 football club in terms of turnover. Ebitda grew by more than 17 percent to £199.8 ...
