Financial insights for the sporting goods industry – Page 83
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News briefs
Sports Direct International (SDI) continues to believe that the devaluation...
Sports Direct International (SDI) continues to believe that the devaluation of the euro against the dollar will impact its gross margin, the British sports retailer said in a statement last week, in response to queries about currency hedging. The group said its euro to dollar exchange rate is hedged at ...
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Short stops
Hervis has received a retail prize in Austria for the...
Hervis has received a retail prize in Austria for the best omni-channel solution
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News briefs
Berkshire Hathaway reports that sales of its apparel and footwear...
Berkshire Hathaway reports that sales of its apparel and footwear brands, which include Russell Athletics and Brooks, declined by 1.9 percent last year. This was equivalent to $81 million, reflecting lower footwear sales and a divestment by Fruit of the Loom in 2015, the investment group notes in its annual ...
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News briefs
The integration of Oakley into Luxottica's wholesale operations allowed the...
The integration of Oakley into Luxottica's wholesale operations allowed the group to improve its operating margins, but the management has indicated that a sales turnaround for the brand is not expected until the second half of this year. The measures taken at Oakley and other improvements in efficiency led the ...
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News briefs
Airesis, the Swiss holding company that owns majority stakes in...
Airesis, the Swiss holding company that owns majority stakes in Le Coq Sportif and the Movement Group, reports that the French brand's sales increased by 7 percent to €108 million last year, up from €101 million in 2015. This was slightly below the earlier forecast of about €111 million, which ...
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News briefs
According to preliminary data from NPD, the consumption of sports...
According to preliminary data from NPD, the consumption of sports shoes and apparel grew by around 3 percent in volume and 4 percent in value during the rolling 12-month period ended last September in the five major European markets. Among the drivers, NPD mentions sales of women-specific products, which rose ...
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News briefs
According to a survey conducted by a Norwegian organization, Norsk...
According to a survey conducted by a Norwegian organization, Norsk Friluftsliv, four out of ten Norwegians were not planning on going skiing this winter. When the last survey was conducted two years ago, 55 percent stated that they had been skiing during the winter or had plans to do so. ...
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News briefs
Goldwin booked a 13 percent rise in comprehensive net income...
Goldwin booked a 13 percent rise in comprehensive net income to 1,513 million yen (€12.4m-$13.2m) in the third quarter ended Dec. 31. Excluding special items, net earnings would have more than doubled to ¥4,099 million (€33.7m-$35.7m), due in particular to a gross margin that improved by 2.6 percentage points to 51.2 ...
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News briefs
Descente turned around to a net comprehensive profit of 1,993...
Descente turned around to a net comprehensive profit of 1,993 million yen (€16.4m-$17.4m) in the third quarter ended Dec. 31 from a loss of 591 million in the year-earlier period, but excluding extraordinary items in both periods, there was a drop in net income of 27 percent to ¥1,498 million (€12.3m-$13.0m). ...
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News briefs
Wolverine Worldwide reported a relatively strong fourth quarter, as the...
Wolverine Worldwide reported a relatively strong fourth quarter, as the footwear group's turnover was off by 2.9 percent to $729.6 million but its underlying sales inched up by 0.1 percent, despite an unfavorable retail environment. The U.S. group behind Merrell, Saucony and several other brands raised its adjusted operating margin ...
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News briefs
Volcom saw its sales rise at its directly operated stores...
Volcom saw its sales rise at its directly operated stores in 2016, but the brand's overall revenues continued to decline, said its parent company, Kering, which also owns Puma. The action sports brand represented the bulk of the “Other Sport & Lifestyle Brands” segment in Kering's accounts, which showed an ...
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News briefs
BSI, the German sporting goods industry federation, has conducted a...
BSI, the German sporting goods industry federation, has conducted a survey among its members showing that almost 75 percent assess the current market situation as good or very good, while about 25 percent are satisfied and 3 percent evaluate it as bad. About 71 percent of BSI's members stated that ...
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News briefs
Erima reports a sales increase of nearly 11 percent to...
Erima reports a sales increase of nearly 11 percent to a record of €65 million in 2016, thanks in particular to its new Razor 2.0 line of team sports clothing and its new Hybrid line of footballs. It was the third annual double-digit increase in a row for the German ...
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News briefs
Retail bankruptcies and the closing of some 1,200 stores in...
Retail bankruptcies and the closing of some 1,200 stores in the U.S. in the past year affected Hanesbrands, the parent company of Champion, which reported results below expectations for the fourth quarter and the full financial year. The company's total revenues grew by 11.8 percent to $1.56 billion in the ...
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News briefs
Sports Marketing Surveys has released the latest results of its...
Sports Marketing Surveys has released the latest results of its sports participation study, covering 27 sports in 21 countries, which comes out every other year. It is based on surveys of 3,000 households in each country, and it provides historical data because the research project began in 2014.
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News briefs
Retail sales of sporting goods grew by 5.2 percent in...
Retail sales of sporting goods grew by 5.2 percent in Sweden last year, according to HUI. As previously reported, they had risen by 14.6 percent in November, but then they fell by 2.9 percent in the important month of December. HUI believes that the cause for this turn of events ...
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News briefs
Belle International, the leading Chinese footwear and sports retailer, saw...
Belle International, the leading Chinese footwear and sports retailer, saw an increase of 4.6 percent in the comparable store sales of its sportswear and apparel stores in mainland China for the third quarter of its fiscal year, compared with a comparable store sales decline of 13.4 percent for the group's ...
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News briefs
Based on preliminary customs data, Vietnam's shoe exports rose by...
Based on preliminary customs data, Vietnam's shoe exports rose by only 8 percent in 2015, or two percentage points less than previously expected by the government and by the country's shoe industry association, Lefaso. Shoe exports reached a level of about $12.3 billion, below the target of $17 billion. Small ...
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News briefs
Preliminary data put out by the ANWR Group show an...
Preliminary data put out by the ANWR Group show an increase of 11.2 percent to about one billion euros last year in the centralized settlements of Sport 2000 on behalf of affiliated retailers in Germany, the Netherlands, Belgium and Switzerland. ANWR scored well also in leathergoods with a 12 increase ...
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News briefs
361° reported a high single-digit increase in orders collected at...
361° reported a high single-digit increase in orders collected at its in-house trade fair in mid-December for deliveries in the third quarter of 2017. It was the 12th consecutive quarterly improvement for the Chinese brand since the first quarter of 2014. The increase was driven by higher volumes and average ...
