Financial insights for the sporting goods industry – Page 84
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News briefs
Led by its ski maintenance and ski-boot fitting equipment, Wintersteiger's...
Led by its ski maintenance and ski-boot fitting equipment, Wintersteiger's revenues in the sports sector grew by 5 percent to more than €60 million last year, in spite of a stagnating snow sports market in the Alps and North America, leading to higher profits in the segment. The development of ...
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News briefs
Thule Group reported a 20 percent increase in net income...
Thule Group reported a 20 percent increase in net income to 203 million Swedish kronor (€21.0m-$22.9m) for the first quarter of 2017 on a 15.9 percent sales increase to SEK 1,599 million (€165.7m-$180.6m). Currency-adjusted, the quarterly sales rose by 12.3 percent and led to an improvement in the underlying profit ...
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News briefs
Erima reports stable sales of €14 million in the first...
Erima reports stable sales of €14 million in the first quarter of 2017, as compared to the first quarter of 2016, citing very restrained demand in the team sports market. The German brand of team sports products had recorded a sales increase of 19 percent in the first quarter of ...
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Short stops
Foot Locker issued a warning indicating that its profits will...
Foot Locker issued a warning indicating that its profits will be flat or slightly down for the quarter ending April 29 due to a sales decline in the U.S. in February, attributed to delayed tax refunds to some 40 million low-income families
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News briefs
The French bike market keeps growing. It posted higher sales...
The French bike market keeps growing. It posted higher sales for the third consecutive year, driven by the double-digit growth of e-bikes. According to the French bicycle observatory, sales increased to 3,034,000 bikes sold in 2016. Sales passed the three million units for the first time since 2012. As for ...
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News briefs
The Superstar was the best-selling shoe in the U.S. market...
The Superstar was the best-selling shoe in the U.S. market in dollar terms last year, based on a ranking publicized in a tweet by Matt Powell, sports industry analyst at NPD. The ranking underlined avid demand for white retro sneakers in the U.S., as well as growing demand for the ...
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Short stops
Foot Locker's annual report says the Nike group represented 68%...
Foot Locker's annual report says the Nike group represented 68% of its sales in 2016, down from 72% in the previous year
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News briefs
Xpose360, a German online marketing agency, evaluated six sporting goods...
Xpose360, a German online marketing agency, evaluated six sporting goods online stores in terms of search engine optimization. With a rating of 23.92, the online visibility of SportScheck.com took first place in the ranking, followed by Decathlon.de (14.75), 11teamsports.de (5.0), Intersport.de (4.38), Cortexpower.de (0.93) and Sportbedarf.de (0.52). Xpose used the ...
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News briefs
Briko scored a strong double-digit increase in its turnover last...
Briko scored a strong double-digit increase in its turnover last year, following a master licensing deal with Basicnet that became effective one year ago. Prior to the deal, the brand's annual turnover amounted to nearly €7 million, with about 60 percent of it was still generated in Italy. It is ...
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News briefs
Giant is not the only Taiwanese bike company to be...
Giant is not the only Taiwanese bike company to be suffering from international competition. Merida's total sales outside Taiwan declined in volume by 26.9 percent to 1,601,623 units last year, according to Bike Europe, with a drop of 20.18 percent to 866,976 unit in the volume exported from Taiwan.
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News briefs
A 50 percent increase in sales of e-bikes, especially in...
A 50 percent increase in sales of e-bikes, especially in Europe, could not prevent Giant Manufacturing Co. from posting a drop of 5.57 percent in its global revenues to 53.09 billion Taiwan dollars (€1.64bn-$1.75bn). The major factor was a 20 percent decline in its bike sales in China, which are ...
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News briefs
Hervis Sport booked a 5.2 percent sales increase to €493...
Hervis Sport booked a 5.2 percent sales increase to €493 million last year, with a 5.2 percent rise in its domestic Austrian market. The retailer, which belongs to Spar Österreich, operates also in Germany, Slovenia, Croatia, Hungary, Romania and the Czech Republic. The growth was partly due to the opening ...
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News briefs
Basicnet has announced a net consolidated profit of €10.3 million...
Basicnet has announced a net consolidated profit of €10.3 million for 2016, down from €16.8 million in the previous year. The company owns brands such as Kappa, Robe di Kappa, K-Way and Superga, and licenses them in many territories outside its domestic Italian market. As previously reported, Basicnet's aggregated sales ...
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News briefs
Rubber prices shot up from a low of $1.50 per...
Rubber prices shot up from a low of $1.50 per kilo last September to $2.50 this past January, forcing suppliers of rubber soles to raise their own prices by a minimum of 10 percent. Among other factors, the price hike was due to floods in Thailand late last year, increases ...
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News briefs
The Mammut Sports Group saw its sales decline by 0.8...
The Mammut Sports Group saw its sales decline by 0.8 percent to 233.4 million Swiss francs (€218.2m-$233.4m) in 2016, which was a decline of 2.9 percent in constant currencies. As reported by the Conzzeta Group, which controls the Swiss outdoor company, Mammut's operating profit was up by CHF 1.1 million ...
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News briefs
Sportamore, the Swedish online sports retailer, reports that its sales...
Sportamore, the Swedish online sports retailer, reports that its sales soared by 29 percent to 701.6 million Swedish kronor (€73.5m-$78.4m) last year. The group achieved an operating profit (Ebitda) of SEK 19.5 million (€2.0m-$2.2m), while the figure was negative at SEK 36.4 million in 2015. Ebitda became profitable in Sweden ...
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News briefs
Figures for the sale of sporting goods in Sweden presented...
Figures for the sale of sporting goods in Sweden presented by HUI Research show that January was one of the worst months in recent history. While retail sales as a whole increased by 2.6 percent in the country, sales of sporting goods fell by 10.6 percent as compared to the ...
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News briefs
Yonex' growth slowed down in the third quarter to Dec....
Yonex' growth slowed down in the third quarter to Dec. 31 as its sales rose by only 5 percent to 13.9 billion yen (€114.3m-$121.0m), due in large part to the deceleration of the Japanese economy. Currency pressure hurt the company's results in North America and Europe. The gross margin fell ...
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News briefs
Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and...
Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and other brands, saw its licensing revenues decline on a comparable basis by 7 percent to around $87.1 million in the fourth quarter of 2016 and by 2 percent to $368.5 million for the full year. The company suffered a higher ...
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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 ...
