Financial insights for the sporting goods industry – Page 87
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News briefs
Like in 2014, the fashion-oriented segment of the branded casual...
Like in 2014, the fashion-oriented segment of the branded casual footwear market performed better than the comfort-oriented segment in 2015, according to an annual survey that we published in Shoe Intelligence last week. With an overall estimated 8.2 percent increase in terms of U.S. dollars to $11.5 billion, the fashion ...
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News briefs
On paper, July seems to have been a weak month...
On paper, July seems to have been a weak month for sporting goods retailers in Sweden as their sales fell by 0.2 percent as compared to the same month a year ago. It was a show of strength, however, considering that sales had risen by a full 13.4 percent in ...
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News briefs
Belle International raised the sales of its sportswear and apparel...
Belle International raised the sales of its sportswear and apparel stores in mainland China by 6 percent on a same-store basis in the second quarter of its financial year. These improvements in the three months from June until August were offset by a comparable sales decline of 10.0 percent for ...
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News briefs
With an industry-wide growth rate of 6.5 percent for the...
With an industry-wide growth rate of 6.5 percent for the first half of the year, sporting goods retailers are expecting a new record in their sales for this year, according to the Norwegian sporting goods industry association, Sportsbransjen. After reaching record sales in 2015 (see the retail chart in this ...
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News briefs
Yonex is having a ball in the newly opened Chinese...
Yonex is having a ball in the newly opened Chinese market with its badminton products. Sales in China led to a jump of 676 percent in the Japanese company's sales in the Asia region – outside Japan - to 4,174 million yen (€36.9m-$41.6m) in its first quarter, ended June 30. ...
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News briefs
Giant Manufacturing Co. has reported a 3.7 percent drop in...
Giant Manufacturing Co. has reported a 3.7 percent drop in total sales to 29.08 billion Taiwan dollars (€833m-$941m) for the first half of this year. Net income fell by 5 percent to TWD 1.69 billion (€48.5m-€54.8m). The company produced a total of 2.56 million bicycles during the period.
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News briefs
Zalando posted a 25 percent sales increase to €916.4 million...
Zalando posted a 25 percent sales increase to €916.4 million for the second quarter against the same period of 2015. Earnings before interest and taxation (Ebit) almost tripled to €80.9 million. The Berlin-based fashion e-tailer said the number of active customers grew to 18.8 million by the end of the ...
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News briefs
With total sales up by 7 percent to 10.7 billion...
With total sales up by 7 percent to 10.7 billion yen (€94.6m-$106.7m), Goldwin reported a comprehensive loss of ¥917 million (€8.1m-$9.1m) for the first quarter ended June 30, up from a loss of 37 million in the year-ago period. Excluding extraordinary items, the quarterly loss declined to ¥62 million (€0.55m-$062m) from ¥214 ...
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News briefs
Descente booked a comprehensive net loss of 1,389 million yen (€12.3m-$13.8m)...
Descente booked a comprehensive net loss of 1,389 million yen (€12.3m-$13.8m) for the first quarter, compared with net income of ¥1,077 million in the year-ago period, for the first quarter to June 30, claiming foreign currency exchange adjustments of ¥2,278 million (€20.1m-$22.7m), apparently related to the appreciation of the yen. Sales ...
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News briefs
Foreign currency losses of 1,118 million yen (€9.8m-€11.1m) and higher...
Foreign currency losses of 1,118 million yen (€9.8m-€11.1m) and higher investments forced Globeride to post a comprehensive net loss of ¥370 million (€3.0-$3.4m) for the first quarter ended June 30 against a profit of ¥582 million in the previous year. New product development and sales promotions allowed the company to ...
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News briefs
Zalando has posted preliminary figures showing that its revenues in...
Zalando has posted preliminary figures showing that its revenues in the second quarter grew by between 24.0 and 26.0 percent over the year-ago quarter to €909-€924 million. The online fashion retailer expects to report adjusted earnings before interest and taxes (Ebit) of €68 to €88 million for the period - ...
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News briefs
The Lafuma Group managed to improve both sales and margins...
The Lafuma Group managed to improve both sales and margins during the first six months of the year, despite challenging economic conditions and sluggish consumption. The French company's revenues gained 6.9 percent over the year-ago period to €85.6 million, with significant disparities among its brands. Millet, Lafuma furniture and the ...
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News briefs
BSI, the German Sports Goods Manufacturers Association, presented a study...
BSI, the German Sports Goods Manufacturers Association, presented a study on watersports at the recent OutDoor show in Friedrichshafen, which we have covered widely in The Outdoor Industry Compass. BSI questioned online 250 men and 250 women who purchased a watersports product in sporting goods stores in the last 12 ...
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News briefs
GoPro went through another tough quarter in the period ended...
GoPro went through another tough quarter in the period ended June 30 as sales plummeted by 47 percent to $220.7 million as compared to a year ago, despite a 14 percent increase in average selling prices. On sequential basis, however, sales were up by 20 percent from the first quarter, ...
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News briefs
Ahead of the release of its first-half results on Sept....
Ahead of the release of its first-half results on Sept. 13, JD Sports Fashion said its strong performance continued after its positive trading statement of June 17. If the situation continues, the company should deliver headline pre-tax profits for the year ending next Jan. 28 in the upper half of ...
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News briefs
Deckers Brands posted a better-than-expected net loss of $58.9 million...
Deckers Brands posted a better-than-expected net loss of $58.9 million in the seasonally weak first quarter of its financial year, ended June 30, although it was higher than the $47.3 million loss recorded in the year-ago period. The gross margin declined to 43.7 percent from 40.5 percent in the same ...
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News briefs
Thule Group reported net income of 308 million Swedish kronor...
Thule Group reported net income of 308 million Swedish kronor (€32.2m-$35.7m) in the second quarter ended June 30, up from SEK 238 million in the previous year. Sales increased by 6.3 percent to SEK 1,795 million (€187.7m-$207.8m) and the operating margin improved by 1.3 percentage points to 23.2 percent. In ...
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News briefs
Uhlsport reports an 11 percent sales increase for the first...
Uhlsport reports an 11 percent sales increase for the first half of this year, driven by a 46 percent jump for its handball brand, Kempa. In Germany, where Uhlsport has been delivering a large selection of items and colors within 24 hours, sales grew by 18.5 percent, followed by lower ...
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News briefs
The demand for jerseys of the Icelandic national football team,...
The demand for jerseys of the Icelandic national football team, which has been sponsored by Errea since 2002, went up unexpectedly by 1,800 percent before the match in which the team lost against France in the quarterfinals of the current European championships. According to various media, the Italian producer of ...
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News briefs
Global sales of sports apparel were basically flat last year...
Global sales of sports apparel were basically flat last year in terms of U.S. dollars at $75.6 billion, according to Sporting Goods Intelligence. They went up by 5 percent in the U.S., but the higher value of the dollar resulted in a 6 percent drop in the rest of the ...
