Financial insights for the sporting goods industry – Page 88
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News briefs
The global branded athletic footwear market rose by 6.3 percent...
The global branded athletic footwear market rose by 6.3 percent in terms of the sell-in in U.S. dollars in 2015, according to an annual study by Sporting Goods Intelligence. Sales increased by 11.1 percent in the U.S. They rose by only 3.3 percent in dollars in the rest of ...
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News briefs
Fila Korea reports a 22 percent drop in total revenues...
Fila Korea reports a 22 percent drop in total revenues to 168.2 billion won (€132.4m-$146.8m) for the first quarter ended March 31. Royalty income from its licensees in Asia and Europe was more or less flat, but sales fell by 17 percent in Korea to KRW 65.5 billion (€51.6m-$57.2m), and ...
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News briefs
Hudson's Bay Co. (HBC), the Canadian-based group that acquired Galeria...
Hudson's Bay Co. (HBC), the Canadian-based group that acquired Galeria Kaufhof from the Metro AG group for €2.82 billion including debt last June, has reported a sales increase of 59.4 percent to 3.3 billion Canadian dollars (€2,288.8m-$2,576.0m) in the first quarter of 2016, as compared to the same period of the ...
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News briefs
Woolrich Europe saw internet sales increase by 70 percent during...
Woolrich Europe saw internet sales increase by 70 percent during the past year, and the company expects a 60 percent jump in 2016. The company registered a 4 percent sales increase in the first quarter and forecasts a 10 percent increase for the year. The sales increase is also being ...
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News briefs
After record sales in the first three months of 2016,...
After record sales in the first three months of 2016, April presented a setback for sporting goods sales in Sweden, reducing the cumulative growth of the market to 2.5 percent for the first four months of the year. The year started well, with January's sporting goods sales rising by 15.0 ...
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News briefs
Forum Sport, one of the major Spanish sporting goods retail...
Forum Sport, one of the major Spanish sporting goods retail chains, raised its sales by 5.0 percent to €112.5 million in 2015, a year in which it opened four new stores and closed one. Profits more than doubled to €4.57 million. Sales have been rising for three years in a ...
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News briefs
Li Ning Company reports that orders from franchised distributors at...
Li Ning Company reports that orders from franchised distributors at its trade fair held in March, for deliveries in the fourth quarter, moved up at a high single-digit rate compared with the same period in 2015. The increase was driven by low single-digit growth in footwear and a rise at ...
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News briefs
Goldwin raised its sales by 4 percent to 59.7 billion...
Goldwin raised its sales by 4 percent to 59.7 billion yen (€487.9m-$545.1m) in the fiscal year ended March 31, but comprehensive net income fell by 79 percent to ¥1,130 million (€9.2m-$10.3m). The gross margin expanded by 2.1 percentage points to 44.2 percent. Excluding foreign currency adjustments and other charges, net ...
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News briefs
Fitbit performed better than expected in the first quarter ended...
Fitbit performed better than expected in the first quarter ended March 31 with sales rising by 50 percent to $336.7 million, boosted by the new Alta and Blaze models. Sales rose by 33 percent in the U.S., by 113 percent in Europe, the Middle East and Africa, and by 142 ...
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News briefs
The average number of rounds of golf played across England,...
The average number of rounds of golf played across England, Scotland and Wales decreased by 7.5 percent in the first quarter of 2016 compared with the same period in 2015, following on from a disappointing final quarter of 2015. According to Sports Marketing Surveys (SMS), which released the latest golf ...
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News briefs
The acquisition of Camelbak and Jimmy Styx boosted sales and...
The acquisition of Camelbak and Jimmy Styx boosted sales and profits at Vista Outdoor in the fourth quarter ended March 31. Vista reported a 26 percent increase in total revenues to $612.3 million and a 135 percent jump in net profit to $37.3 million for the period. Organically, sales were ...
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News briefs
Globeride suffered a 79 percent drop in net income to...
Globeride suffered a 79 percent drop in net income to 859 million yen (€7.0m-$7.9m) for the financial year ended last March 31, although its sales went up by 7 percent to ¥79.02 billion (€640.4m-$725.0m). For the current financial year, the former Daiwa Seiko is predicting an operating profit of ¥3.7 ...
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News briefs
Giant Bicycle doubled its net profit to 916.7 million Taiwan...
Giant Bicycle doubled its net profit to 916.7 million Taiwan dollars (€24.8m-$28.1m) in the first quarter because of a one-time charge of TWD 655 million (€17.8m-$20.1m) taken last year that was not repeated. Revenues slid by 2 percent to TWD 14.4 billion (€389.8m-$441.2m) and the gross margin dropped by 1.4 ...
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News briefs
Wintersteiger's sports segment raised its sales by more than 5...
Wintersteiger's sports segment raised its sales by more than 5 percent last year, reaching a record level, thanks to the strength of the U.S. dollar and the Swiss franc, combined with the adoption of its latest ski maintenance equipment at large projects in Austria and South Tyrol. The segment represents ...
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News briefs
Skullcandy reported a net loss of $4.9 million on one...
Skullcandy reported a net loss of $4.9 million on one percent higher sales of $46.3 million for the first quarter, blaming the ongoing clean-up of its distribution in China. Sales increased by 4 percent in the U.S. They declined by 3 percent in the rest of the world, in spite ...
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News briefs
Yonex raised its sales by 13.7 percent to 54,159 million...
Yonex raised its sales by 13.7 percent to 54,159 million Japanese yen (€437.9m-$495.7m) for the full year to the end of March. The operating income of the Japanese racquet sports and golf company soared by 57.5 percent to ¥3,279 million (€26.5m-$30.0m) and its net profit was up by 31.4 percent ...
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News briefs
Sporting goods sales showed an 11.3 percent increase for the...
Sporting goods sales showed an 11.3 percent increase for the month of March in Sweden from the same period last year. This confirms the sporting goods sector as one of the fastest ones at retail during the first quarter of 2016. After starting the year with cold weather and snow, ...
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News briefs
Intersport Austria continues to perform well, reporting a 10 percent...
Intersport Austria continues to perform well, reporting a 10 percent increase in sales for the first half of its financial year through to the end of March. As in the past year, it was probably aided by ongoing problems at Sport Eybl under the ownership of Sports Direct International. Aside ...
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News briefs
Descente's sales climbed by 10.3 percent to ¥135,778 million (€1,098.8m-$1,247.1m)...
Descente's sales climbed by 10.3 percent to ¥135,778 million (€1,098.8m-$1,247.1m) for the fiscal year until the end of March 2016, with nearly stagnant sales in Japan but expansion in other markets. The Japanese winter sports apparel brand and supplier of many other branded sports products lifted its sales by just ...
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News briefs
Johnson Health Tech suffered a drop in net income of...
Johnson Health Tech suffered a drop in net income of 90 percent to 272.5 million Taiwan dollars (€7.38m-$8.45m) for the past year on 3 percent higher revenues of NT 16.55 billion (€448.2m-$512.8m). The bottom line was pulled down by the non-recurrence of government subsidies of NT 1.7 billion (€46.0m-$52.7m). The ...
