Financial insights for the sporting goods industry – Page 86
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News briefs
Yue Yuen reports an increase of 0.6 percent to $8.48...
Yue Yuen reports an increase of 0.6 percent to $8.48 billion. At the company's distribution and retail subsidiary, Pou Sheng, revenues went up by 6.4 percent to $2.45 billion, indicating a decline in the manufacturing sector.
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News briefs
The combined sales of the retailers affiliated with Intersport Austria,...
The combined sales of the retailers affiliated with Intersport Austria, including the Intersport stores in Slovakia, the Czech Republic and Hungary, are expected to increase by 6.7 percent to €540 million in 2016, as compared to 2015. Affiliated retailers in Austria expect to record a double-digit increase in their sales ...
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News briefs
A negative foreign currency swing of 3.8 billion yen (€31.4m-$33.3m)...
A negative foreign currency swing of 3.8 billion yen (€31.4m-$33.3m) led Descente to post a net loss of ¥1,750 million (€14.5m-$15.3m) for the first half of its financial year, ended Sept. 30, against a profit of ¥2,939 million in the year-ago period. Without extraordinary items, net earnings were down by ...
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News briefs
Yonex' sales jumped by 24 percent to 31.3 billion yen...
Yonex' sales jumped by 24 percent to 31.3 billion yen (€258.9m-$274.4m) in the six months through Sept. 30, but most of the growth took place in China, where the company's recently opened joint venture lifted its sales in the country by 241 percent to ¥8.8 billion (€72.8m-$77.1m), driven by badminton. ...
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News briefs
For the six months to Sept. 30, Goldwin posted 2...
For the six months to Sept. 30, Goldwin posted 2 percent higher revenues of 26.5 billion yen (€219.2m-$232.2m), as positive results for its distribution of The North Face and Helly Hansen offset the loss of the Champion business, which was transferred to Hanesbrands on March 31. The gross margin rose ...
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News briefs
Globeride saw its sales grow by 2 percent to 42.3...
Globeride saw its sales grow by 2 percent to 42.3 billion yen (€349.6m-$370.3m) during the six months ended Sept. 30, thanks in part to the improving economy in Japan, but foreign exchange losses of more than two billion yen caused its net income to drop by 54 percent to ¥730 ...
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News briefs
Technogym has reported a 9.4 percent increase to €385.1 million...
Technogym has reported a 9.4 percent increase to €385.1 million in its consolidated revenues for the first nine months of this year. They went up by 15.8 percent in Italy, by 7.8 percent in the rest of Europe, by 28.9 percent in North America and by 10.6 percent in Asia-Pacific. ...
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News briefs
The Inretail Sport Monitor indicates that the Dutch sports market...
The Inretail Sport Monitor indicates that the Dutch sports market raised its sales by just 1.2 percent in the first nine months of this year. Inretail reports that the rise was driven by apparel, up by 1.2 percent, while sports footwear sales increased by 0.5 percent and equipment sales were ...
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News briefs
Hanesbrands, which took over Champion Europe recently, has reported a...
Hanesbrands, which took over Champion Europe recently, has reported a low single-digit increase for the Champion brand globally for its third quarter ended Oct. 1, with low double-digit growth in the mass market and strong double-digit growth in Japan. Retail bankruptcies in the U.S. caused a loss of $15 million ...
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News briefs
Erima reported a sales increase of 8 percent in the...
Erima reported a sales increase of 8 percent in the third quarter of this year, as compared to the third quarter of 2015. Since the beginning of this year, the German sporting goods brand has grown by 12 percent as compared to the previous year. For the first quarter, Erima ...
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News briefs
More than 70 percent of Sweden's shoppers buy clothes and...
More than 70 percent of Sweden's shoppers buy clothes and shoes for everyday use in a sporting goods store, and most of them are women, according to a survey of 300 people conducted by Bonial. Another notable result of the study is that over 80 percent of the respondents preferred ...
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News briefs
The Thule Group raised its net income by 9.4 percent...
The Thule Group raised its net income by 9.4 percent to 162 million Swedish kronor (€16.3m-$18.0m) in the third quarter, while its sales inched up by 1.7 percent to SEK 1,366 million (€137.4m-$152.3m), going up organically by 5.2 percent. Sales continued to fall in the Americas, declining by 8.8 percent ...
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News briefs
361 Degrees boasted a comparable store sales increase of 7.3...
361 Degrees boasted a comparable store sales increase of 7.3 percent in the third quarter. The number of stores dropped to 6,637 outlets, after 295 openings and 511 closures. It could decrease further in the quarters ahead, as the group is envisaging a store count of about 6,500 stores, with ...
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News briefs
About 31 percent of the urban Chinese population aged 15...
About 31 percent of the urban Chinese population aged 15 to 59 years has an interest in football after a steady increase in the last three years, according to China and Football, a study published by Nielsen Sports. It explains that interest has been stimulated by government policy as well ...
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News briefs
British women increasingly like “trainers,” as sneakers and sports shoes...
British women increasingly like “trainers,” as sneakers and sports shoes are called in the U.K.. According to recent research conducted by Mintel, the number of female shoppers who purchased trainers during the past year surpassed for the first time the number of shoppers who purchased shoes with a heel. Trainers ...
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News briefs
The major outdoor brands saw their sales of footwear grow...
The major outdoor brands saw their sales of footwear grow by only 1.2 percent in terms of U.S.dollars in 2015, coming just under €5 billion for the year. They would have risen by more than 10 percent, especially outside the U.S., if currency exchange rates had remained constant. Our annual ...
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News briefs
A recent survey has shown that Swedish e-retailers have been...
A recent survey has shown that Swedish e-retailers have been suffering increased competition from foreign e-retailers. In the past, the competition was coming largely from the U.S., the U.K. and Germany, but the biggest increase has come from China. The survey found that one out of four Swedes made an ...
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News briefs
China will overtake the U.S. to become the world's biggest...
China will overtake the U.S. to become the world's biggest retail market in 2016, with estimated total sales of $4.886 trillion, compared with $4.823 trillion for the U.S., according to Emarketer. The New York-based research firm added that China will remain the world's largest retail e-commerce market, with sales forecast ...
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News briefs
August was a positive month for sporting goods sales in...
August was a positive month for sporting goods sales in Sweden. According to HUI, the Swedish market research institute, sporting goods retailers' sales were up by 7.9 percent at current prices, when compared to last year, making August the fourth best month after a record start in January-March. In terms ...
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News briefs
Himaraya, the big Japanese sports retailer, turned around to a...
Himaraya, the big Japanese sports retailer, turned around to a net loss of 811 million yen (€7.08m-$7.80m) for the financial year ended in March from a profit of ¥1,323 million in the previous year. The Kumamoto earthquakes and 19 percent drop in sales of winter sports equipment were held responsible ...
