Financial insights for the sporting goods industry – Page 83
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News briefs
The situation of Italy's sporting goods industry is improving, and...
The situation of Italy's sporting goods industry is improving, and the industry is mainly investing in innovation, internationalization and digitalization. This is what emerged from the recent General Assembly of Assosport, the Italian sporting goods industry association, which was held in Vicenza on June 29. The industry is worth €8.6 ...
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News briefs
JD Sports Fashion informed investors at its shareholders meeting on...
JD Sports Fashion informed investors at its shareholders meeting on June 29 that its comparable store sales and significant growth in online sales have been in line with expectations since it reported its results for the fiscal year up to Jan. 28. Peter Cowgill, chief executive of the sports and ...
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News briefs
Preliminary figures collected by the European Outdoor Group among more...
Preliminary figures collected by the European Outdoor Group among more than 100 brands for its annual State of the Trade research project indicate that the European outdoor market grew last year at the wholesale level by 3.4 percent in volume and by 3 percent in value to €5.47 billion. Factoring ...
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News briefs
The sale ski passes at Swedish alpine ski areas increased...
The sale ski passes at Swedish alpine ski areas increased by almost 6 percent to nearly 1.5 billion Swedish kronor (€155.8m-$178.6m) during the winter 2016/2017 season. The number of ski days also increased and was just over nine million. This is good news for the alpine ski market and the ...
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News briefs
According to a study conducted in March by a Spanish...
According to a study conducted in March by a Spanish business consultancy, MHE Consumer, Decathlon is the sports or fashion retailer that best combines offline and online retail activities in the Spanish market. Salsa, which belongs to the Portuguese Sonae group, and Mango, were ranked second and third. The others ...
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News briefs
Dunlop of Japan turned around to net profit of 602...
Dunlop of Japan turned around to net profit of 602 million yen (€4.85m-$5.44m) in the first three months of this year from a loss of ¥864 million in the year-ago period, thanks to cost cuts. Sales were essentially flat overall and in each major category and each major market. They totaled ...
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News briefs
361 Degrees, the Chinese sports apparel and footwear brand, saw...
361 Degrees, the Chinese sports apparel and footwear brand, saw its comparable store sales improve by 7.0 percent in the first quarter, as it continued to focus on store productivity. The average retail discount reached 26.5 percent for the three months. The 361 Degrees Kids brand did even better, with ...
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News briefs
Sportamore, the Swedish online sports retailer, raised its sales by...
Sportamore, the Swedish online sports retailer, raised its sales by 18.1 percent to 173.5 million Swedish kronor (€18.0m-$19.6m) and more than doubled its adjusted operating profit (Ebitda) to SEK 3.4 million (€0.35m-$0.38m) for the first quarter. The company points out that this occurred while the Swedish market was under considerable pressure at ...
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News briefs
For the third month in a row, Sweden's sporting goods...
For the third month in a row, Sweden's sporting goods retail sales fell by more than ten percent compared with last year during the month of March. According to HUI, they were off by 11.8 percent as compared to the same month of 2016. During January and February, the rate ...
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News briefs
Ireland, the U.K. and Sweden are the fittest countries in...
Ireland, the U.K. and Sweden are the fittest countries in the world, according to data collected by Fitbit from more than 20 million users around the world. Spaniards take the greatest number of steps per day. The World Health Organization's recommendations for an average of 150 minutes of aerobic physical ...
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News briefs
Sequential Brands reported an increase in its net loss to...
Sequential Brands reported an increase in its net loss to $1,180,000 for the first quarter of 2017 in spite of a 16 percent increase in licensing revenues to $39.4 million, led by gains at its Avia and Heelys brands. Heelys, which now has a presence in 185 countries, is developing ...
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News briefs
Cherokee, which bought Hi-Tec Sports last year and licensed it...
Cherokee, which bought Hi-Tec Sports last year and licensed it out, reported revenues of $7.8 million from the brand for the fourth quarter ended Jan. 28, comprising licensing revenues of $1.2 million and $6.6 million worth of indirect product sales related to distribution and government contracts. The business generated a ...
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News briefs
Blaming weak demand for its products in Mainland China, where...
Blaming weak demand for its products in Mainland China, where it has many competitors, Giant Bicycle reported a 5 percent drop in revenues to 13.5 billion Taiwanese dollars (€402.3m-$447.3m) for the first quarter ended March 31, leading to a 40 percent drop in net income to NT$516 million (€15.4m-$17.1m). Sales increased ...
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News briefs
Polygiene, the Swedish company specializing in anti-odor treatments for garments,...
Polygiene, the Swedish company specializing in anti-odor treatments for garments, reported a 30 percent boost in its sales to 17.4 million Swedish kronor (€1.78m-$1.98m), with a growth of 24 percent in constant currencies. However, the company booked a net loss of SEK3.1 million (€0.32m-$0.35m) for the period, up from SEK1.3 million ...
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News briefs
Iconix, another big American brand owner whose assets include Umbro,...
Iconix, another big American brand owner whose assets include Umbro, Danskin, Starter, Ocean Pacific and other brands, saw its licensing revenues decline by 13 percent to $58.7 million, due to the divestiture of several brands. The net result was a net loss of $4,280,000 against income of $18,616,000 in the ...
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News briefs
In the financial year ended March 31, Yonex' comprehensive net...
In the financial year ended March 31, Yonex' comprehensive net income jumped by 61 percent to 2,727 million yen (€22.0m-$24.5m), while its revenues rose by 13 percent to ¥61.04 billion (€489.5m-$544.2m). The gross margin inflated by 0.7 percentage points to 43.9 percent. The Chinese market was the key growth driver ...
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News briefs
Descente's net income fell by 28 percent to 5,650 million...
Descente's net income fell by 28 percent to 5,650 million yen (€45.9m-51.2m) in the year ended March 31. Sales dropped by 3 percent to ¥131.5 billion (€1.1bn-$1.2bn), and the Japanese group attributed this to the strong yen and economic stagnation in Korea. They were flat at ¥54.4 billion (€442.6m-$492.6m) in ...
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News briefs
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for...
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for the year ended March 31 from ¥859 million the year before, thanks largely to a positive swing of one billion yen (€8.0m-$8.9m) in extraordinary items. Revenues were practically flat at ¥79.1 billion (€634.3m-$705.1m) for the parent company of Daiwa, as a decline ...
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News briefs
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m)...
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m) in the year ended March 31 from ¥1,130 million, but it was practically flat excluding special items. Revenues went up by 2 percent to ¥60.9 billion (€488.3m-$542.9m) for the company, which also sells The North Face, Helly Hansen and Ellesse ...
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News briefs
In a preliminary statement, Zalando said its sales grew by...
In a preliminary statement, Zalando said its sales grew by between 22 and 24 percent in the first quarter of 2017, generating an operating margin of between one and three percent – lower than analysts had estimated. It confirmed projections for this year of growth between 20 and 25 percent ...
