Financial insights for the sporting goods industry – Page 89

  • News briefs

    The Thule Group's net income from continuing operations increased by...

    2016-04-30T00:00:00Z

    The Thule Group's net income from continuing operations increased by 21.5 percent to 169 million Swedish kronor on 5.5 percent higher revenues of SEK 1,380 million in the first quarter. The underlying operating profit margin (Ebit) improved to 17.0 percent from 15.7 percent in the year-ago period, and it went ...

  • News briefs

    Pou Sheng International, the Chinese sports retailing and distribution company,...

    2016-04-30T00:00:00Z

    Pou Sheng International, the Chinese sports retailing and distribution company, reports that its net consolidated operating revenue increased by 5.2 percent to $207.4 million in March compared with the same month in 2015. This number relates to turnover less sales discount and returns. The group's net consolidated sales for the ...

  • News briefs

    The fitness segment of Brunswick Corp., led by Life Fitness,...

    2016-04-30T00:00:00Z

    The fitness segment of Brunswick Corp., led by Life Fitness, reported an 18 percent increase to $218.3 million for the first quarter ended April 2, but its operating income fell by 22 percent to $20.1 million due to higher marketing expenses and $3.8 million in integration costs for the newly ...

  • News briefs

    Records were again smashed by Columbia Sportswear in the first...

    2016-04-30T00:00:00Z

    Records were again smashed by Columbia Sportswear in the first quarter ended March 31, as sales increased by 10 percent to $525.1 million, up by 12 percent in constant currencies. The rise included sales growth of 7 percent to $51.3 million in Europe, the Middle East and Africa (EMEA), up ...

  • News briefs

    The outdoor & action sports division of VF Corp, with...

    2016-04-30T00:00:00Z

    The outdoor & action sports division of VF Corp, with brands like The North Face, Vans and Timberland, raised its sales by 2 percent to $1.6 billion for the first quarter ended on April 2. They were up by 4 percent in constant currencies, with increases of 8 percent for ...

  • News briefs

    According to preliminary figures, Zalando is expected to report a...

    2016-04-30T00:00:00Z

    According to preliminary figures, Zalando is expected to report a sales increase of between 22.5 percent and 24.5 percent for the first quarter, meaning a turnover in a range between €788 million and €801 million. The adjusted operating margin (Ebit) declined to between 1.5 percent and 3.5 percent, down from ...

  • News briefs

    Mild weather led to nearly stagnant sales of 520 million...

    2016-04-30T00:00:00Z

    Mild weather led to nearly stagnant sales of 520 million Swedish kronor (€56.7m-$64.0m) in the first quarter for the sports and leisure division of the New Wave group, which includes the Craft, Seger, Cutter & Buck and Ahead brands, and the distribution of Speedo in Scandinavia, among other brands and ...

  • News briefs

    Sales grew by 7.2 percent on a same-store basis at...

    2016-04-30T00:00:00Z

    Sales grew by 7.2 percent on a same-store basis at the franchised stores of 361 Degrees in China during the first quarter. They went up by 7.5 percent at 361° Kids stores. Inventory turns reached rates of 4.2 and 4.1 times in the two store networks, respectively. The company ended ...

  • News briefs

    Erima announced an increase in its total sales of 19...

    2016-04-30T00:00:00Z

    Erima announced an increase in its total sales of 19 percent to €14 million in the first quarter of this year. As compared to the first quarter of 2015, sales in the German team sport specialist's domestic market grew by 27 percent. Strong increases were also recorded in Austria and ...

  • News briefs

    Giant Manufacturing Co. reported a 17 percent drop in its...

    2016-04-30T00:00:00Z

    Giant Manufacturing Co. reported a 17 percent drop in its sales in China in 2015. The big Taiwanese bicycle company said its sales were solid in the U.S. and Japan, but they improved only slightly in Europe because of the depreciation of the euro. Total revenues inched up by 0.6 ...

  • News briefs

    In a press release regarding its campaign around yesterday's Boston...

    2016-04-19T00:00:00Z

    In a press release regarding its campaign around yesterday's Boston Marathon, which Adidas is now sponsoring, New Balance said that the group's global sales increased last year by 12.7 percent to $3.72 billion, including the estimated sales of joint venture partners and distributors. Also included are the revenues of ...

  • News briefs

    According to Sweden's HUI research institute, retail sales of sporting...

    2016-04-19T00:00:00Z

    According to Sweden's HUI research institute, retail sales of sporting goods dropped by 1.4 percent in the country in December, which was a record month for retail in general. The decline was largely due to unusually warm weather during the month. In January the weather turned colder and sporting goods ...

  • News briefs

    Orders collected by 361 Degrees for delivery in the fourth...

    2016-04-19T00:00:00Z

    Orders collected by 361 Degrees for delivery in the fourth quarter of 2016 were up by a high single digit at its latest house fair, with higher volumes and average selling prices. Footwear led the growth, and apparel orders improved slightly. Orders for the 361° Kids collection rose by a ...

  • News briefs

    Sportscheck raised its sales by 7.7 percent to €319 million...

    2016-04-19T00:00:00Z

    Sportscheck raised its sales by 7.7 percent to €319 million for the fiscal year to the end of February, reports the Otto Group, the owner of the German sports retailer, as part of its preliminary results. Sportscheck had indicated earlier this year that it staged a recovery after a sales ...

  • News briefs

    Safilo Group has reported a low single-digit increase for Smith...

    2016-03-25T00:00:00Z

    Safilo Group has reported a low single-digit increase for Smith Sports Optics, with strong sales in a declining North American snow sports market for its products. The parent company said that Smith is also on track in its core products in Europe, but its position in eyewear needs improvement. The ...

  • News briefs

    Conzzeta Group, the Swiss holding company that controls the Mammut...

    2016-03-25T00:00:00Z

    Conzzeta Group, the Swiss holding company that controls the Mammut Sports Group, reports that the outdoor company's operating result and operational cash flow will be adversely affected in the coming years by the costs of a five-year strategic program, after a drop in sales and operating result last year. Conzzeta ...

  • News briefs

    Exports of complete bicycles from Taiwan increased by just over...

    2016-03-25T00:00:00Z

    Exports of complete bicycles from Taiwan increased by just over 10 percent to $1.9 billion in 2015, according to the Taiwan Bicycle Association (TBA). The export volume for complete bicycles was up by 6.55 percent to 4 million units, and the unit price moved up by 3.27 percent to $474.02. ...

  • News briefs

    Alibaba is likely to overtake Walmart as the world's largest...

    2016-03-25T00:00:00Z

    Alibaba is likely to overtake Walmart as the world's largest retail platform in its fiscal year ending March 31. The Chinese e-commerce giant indicated that it had reached 3 trillion yuan renminbi (€412bn-$462bn) in gross merchandise value (GMV) as of March 21. The figure, achieved on the back of consumption-driven ...

  • News briefs

    Pegasus International posted $4.4 million in net losses for its...

    2016-03-25T00:00:00Z

    Pegasus International posted $4.4 million in net losses for its fiscal year, ended Dec. 31, marking a dramatic plunge from a net profit of $184,000 in 2014 due to a $5.4 million loss on exchange rate differences. Sales contracted by 3.7 percent to $74.7 million, as low double-digit declines in ...

  • News briefs

    The Asia Pacific Snow Conference at Ispo Beijing had an...

    2016-03-14T00:00:00Z

    The Asia Pacific Snow Conference at Ispo Beijing had an extra attraction this year with the publication of a report about the Chinese ski industry. As reported by Ispo.com, the report was authored by Bin Wu, chief strategy officer of the ski resort division at Vanke, who previously worked as ...