Financial insights for the sporting goods industry – Page 80
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News briefs
In contrast with Puma's strong results (see the details in...
In contrast with Puma's strong results (see the details in separate articles in this issue), Volcom and the rest of Kering's Sport & Lifestyle division continued to suffer. The division's Other Brands segment recorded a 4.7 percent decline in revenues to €230.2 million, including a drop of 3.2 percent on ...
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News briefs
December retail figures in Sweden show that Christmas sales were...
December retail figures in Sweden show that Christmas sales were record-setting for the second year in a row throughout the retail sector. However, the good news does not extend to the sale of sporting goods. According to Hui Research, sporting goods sales increased by a moderate 0.9 percent compared to ...
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News briefs
Hanesbrands said its Champion brand grew by 15 percent in...
Hanesbrands said its Champion brand grew by 15 percent in the fourth quarter of 2017, thanks largely to moves intended to consolidate go-to-market strategies on a global basis and the retro trend in sports fashion. The brand's sales rose by more than 10 percent in every region of the world, ...
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News briefs
In a preliminary statement, Wolverine Worldwide said it expects to...
In a preliminary statement, Wolverine Worldwide said it expects to achieve this year its target of a 12 percent adjusted operating margin on a 6 percent increase in underlying revenues, in spite of significant incremental investments of more than $40 million to drive future growth. Its international business is expected ...
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News briefs
Halfords reported a 7.8 percent growth in retail cycling sales...
Halfords reported a 7.8 percent growth in retail cycling sales in the 15-week period ended Jan. 12, despite the difficult U.K. retail environment. The growth was driven by retail sales across all bicycle categories, cycle repair and PACs. Halford Group's overall revenues increased by 3.2 percent in the quarter. The ...
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News briefs
Rapala VMC warns investors that its results for 2017 will...
Rapala VMC warns investors that its results for 2017 will show a sales decline of about 3 percent to €253 million instead of coming out flat as previously expected. On a comparable basis, operating income was down to around €11 million from €19 million in the previous year.
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News briefs
Crocs told investors at a recent conference that it performed...
Crocs told investors at a recent conference that it performed better than expected in the fourth quarter of 2017, thanks to a strong holiday season in the U.S. Sales reached a level of between $180 million and $190 million, with a gross margin of around 45 percent. However, the company ...
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News briefs
Footasylum, the British sports lifestyle that went public in November,...
Footasylum, the British sports lifestyle that went public in November, reported a sales increase of 33.4 percent to £89.8 million (€100.9m-$123.7m) for the 18 weeks to Dec. 30. Increases were recorded in the physical stores and e-commerce as well as at the wholesale level. The number of stores grew by ...
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News briefs
Lululemon's sales were better than expected in the fourth quarter...
Lululemon's sales were better than expected in the fourth quarter of its last financial year, ended on Jan. 28. The management indicated a range of $905 million to $915 million, up from a previous forecast of $885 million, implying growth of 15 percent or more. The management indicates that there ...
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News briefs
Himaraya saw its net losses decline to ¥ 48 million...
Himaraya saw its net losses decline to ¥ 48 million (€0.35m-$0.43m) in the first quarter of its fiscal year, ended Nov. 30, from ¥ 295 million in the same period a year earlier. The Japanese sports retailer's revenues fell by 3 percent to ¥ 15.4 billion (€113.5m-$139.3m) during the period, ...
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News briefs
The Austrian Sport 2000 reports growth of around 15 percent...
The Austrian Sport 2000 reports growth of around 15 percent for the winter sports business of its 213 affiliated retailers as compared to the same period a year ago, thanks to the early start of the winter selling season and the demand for higher-quality products. The situation varied from one ...
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News briefs
Le Coq Sportif is well on its way to deliver...
Le Coq Sportif is well on its way to deliver a double-digit rate increase in sales for the second half and the company is anticipating operating profit for both the second half and the full year. Airesis, the Swiss holding company that owns the majority of Le Coq Sportif's shares, ...
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News briefs
Suffering in particular from the increasingly popular bike sharing programs...
Suffering in particular from the increasingly popular bike sharing programs in China, Giant Bicycle reported a one percent drop in revenues to 14.9 billion Taiwan dollars (€420.1m-$495.3m) in the third quarter ended Sept. 30. The company performed better in Europe and the U.S., thanks to new models introduced in July. The ...
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Short stops
Confirming its apparent recovery, the Swiss sporting goods market grew...
Confirming its apparent recovery, the Swiss sporting goods market grew by 4.4% in the first nine months of this year
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News briefs
Björn Borg has announced higher sales and operating profit for...
Björn Borg has announced higher sales and operating profit for the quarter ended on Sept. 30. The positive performance was driven by increasing marketing efforts. Lady Gaga also drove interest to the brand when she posted a photo of herself on Instagram wearing Björn Borg pieces during a yoga session. ...
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News briefs
Xebio reports a 51.6 percent increase in net income to...
Xebio reports a 51.6 percent increase in net income to 3,724 million yen (€28.2m-$33.2m) for the first half ended Sept. 30. While the total floor space remained flat at 193,098 square meters, the Japanese sporting goods retailer's sales were up by 3.4 percent to ¥116.8 billion (€884.6m-$1,042.3m) during the period, with an ...
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News briefs
Technogym has reported a sales increase of 7.5 percent to...
Technogym has reported a sales increase of 7.5 percent to €413.8 million for the first nine months of this year, with growth of 8.1 percent in local currencies. The strongest growth occurred in the wholesale channel, up by 9.1 percent to €88.8 million. Both Italy and the rest of Europe, ...
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News briefs
Lenzing has reported a revenue increase of 9.4 percent to...
Lenzing has reported a revenue increase of 9.4 percent to €1.7 billion for the first nine months of 2017, mainly driven by higher prices for its fibers. During the third quarter, the company launched Tencel Luxe, a premium fiber, and opened an innovation center in Hong Kong. Lenzing is building ...
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News briefs
The number of golf rounds in the U.K., which had...
The number of golf rounds in the U.K., which had registered a positive trend in the first half of the year, declined in the third quarter when compared with the third quarter of 2016. According to the figures released by Sports Marketing Surveys (SMS), the decline was of 4 percent ...
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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 ...
