Financial insights for the sporting goods industry – Page 92
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News briefs
Johnson Outdoors turned around to a net profit of $1,167,000...
Johnson Outdoors turned around to a net profit of $1,167,000 in its fourth quarter ended Oct. 2 from a loss of $876,000 in the year-ago period. Sales increased by one percent to $85.7 million in the seasonally slow period, but they were flat at $47.6 million in outdoor and fell ...
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News briefs
Belle International reports a same-store increase of 6.0 percent in...
Belle International reports a same-store increase of 6.0 percent in the third quarter through the end of November for its sportswear and apparel business, which consisted of 6,796 directly operated stores for major sports brands in Mainland China, mostly single-brand, at the end of the period. With 20,506 stores at ...
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In a preliminary statement, Intersport's Swiss licensee, Intersport PSC, said...
In a preliminary statement, Intersport's Swiss licensee, Intersport PSC, said that its consolidated net profit rose to 1.9 million Swiss francs (€1.7m-$1.8m) in the latest financial year from CHF 1.5 million in the previous one. The results improved thanks to cost controls and extraordinary gains in spite of a decline ...
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News briefs
The launch of the Spark, a sports and fitness watch...
The launch of the Spark, a sports and fitness watch integrating a heart-rate monitor and permanent activity tracking, among other features, supported sales growth of 5 percent to €146.0 million in the third quarter for the consumer product division at TomTom, excluding automotive hardware. Coming in several versions, the Spark ...
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News briefs
Stella International sees the demand for sports fashion styles continuing...
Stella International sees the demand for sports fashion styles continuing to grow in China, helping the Chinese manufacturer of athletic and fashion footwear to record higher orders in the last quarter of this year and in 2016. In the third quarter ended Sept. 30, the group's revenues increased by 6 ...
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News briefs
Intersport Austria has not been hurt in the end by...
Intersport Austria has not been hurt in the end by the departure of its former biggest member, Sport Eybl & Sports Experts, bought by Sports Direct International two years ago. The retail organization has reported a 6.5 percent sales increase to about €500 million during the financial year ended Sept. ...
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News briefs
Noting that the company's operating profit before amortization had fallen...
Noting that the company's operating profit before amortization had fallen by 2.5 million Australian dollars (€1.7m-$1.8m) in the first four months of its financial year, Billabong International's management warned shareholders at the company's annual meeting about some external challenges to its turnaround plan. It listed among other problems the decline ...
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News briefs
Globeride saw its revenues go up by 5 percent to...
Globeride saw its revenues go up by 5 percent to 41,406 million yen (€318.3m-$336.6m) in the first half ended Sept. 30, with strength in fishing and golf, yet net earnings were down by 9 percent to ¥1,579 million (€12.1m-$12.8m) because of higher non-operating expenses. Citing the malaise of the Japanese ...
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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News briefs
Moncler's revenues jumped by 25 percent, or by 17 percent...
Moncler's revenues jumped by 25 percent, or by 17 percent at constant currencies, during the first nine months of the year compared with the same period last year, with revenues reaching €561.5 million. Growth was driven by the weak euro, particularly in the Americas. Revenues grew in all regions, with ...
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News briefs
Fila Korea turned around to a net loss of 17,884...
Fila Korea turned around to a net loss of 17,884 million Korean won (€14.6m-$15.4m) in the third quarter ended Sept. 30 from a net profit of KRW 21,370 million in the year-ago period. Revenues increased by 4 percent to KRW 196,383 million (€157.6m-$166.2m), but they fell by 13 percent at ...
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News briefs
Yonex' net profit rose by 12 percent to 1,217 million...
Yonex' net profit rose by 12 percent to 1,217 million yen (€9.4m-$9.9m) in the first half ended Sept. 30, as sales went up by 6 percent to ¥25,218 million (€193.9m-$205.1m). The conversion of the business in China from a distributor to a direct mode led to a 175 percent jump ...
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Sales rose by 4.4 percent to 26,039 million yen (€200.2m-$211.7m)...
Sales rose by 4.4 percent to 26,039 million yen (€200.2m-$211.7m) at Goldwin in the first half through Sept. 30, and its operating profit increased by 37.9 percent to ¥429 million (€3.3m-$3.5m). However, the Japanese company's net income fell by 24 percent to ¥510 million (€3.9m-$4.1m) due to store closures and ...
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News briefs
Spy's net loss widened to $788,000 in the third quarter...
Spy's net loss widened to $788,000 in the third quarter from a loss of $19,000 in the same period a year ago as the U.S. company's sales fell by 14.6 percent to $9,370,000 during the period. The gross margin declined sharply to 43.7 percent from 49.2 percent in the same ...
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News briefs
Li Ning reported that its same-store sales increased at a...
Li Ning reported that its same-store sales increased at a high single-digit rate for the third quarter, in its stores and through its online retailing business. Sales in its own stores were up at a mid-single-digit rate, while sales through franchised distributors advanced at a low single-digit rate. The comparable ...
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News briefs
Sales in the fitness division of Brunswick Corporation, the owner...
Sales in the fitness division of Brunswick Corporation, the owner of the Life Fitness brand, advanced by 4 percent to $197.5 million for the third quarter. They were driven by increased sales to U.S. health clubs, local and federal governments, and they included an acquisition finalized in the third quarter. ...
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News briefs
A new survey by Piper Jaffray, the U.S. investment bank,...
A new survey by Piper Jaffray, the U.S. investment bank, again ranked Nike as the favorite apparel brand among U.S. teenagers. About 27 percent of respondents pointed to Nike as their preferred clothing brand, way ahead of Forever 21 with 7 percent and American Eagle with 6 percent. Nike's popularity ...
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News briefs
Sales at Intersport Finland shrank by 4.5 percent to €46...
Sales at Intersport Finland shrank by 4.5 percent to €46 million for the third quarter, according to the quarterly results released by Kesko, the large Finnish retail group that owns the Intersport license in Finland and Russia. For the first nine months of the year, sales for Intersport Finland were ...
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News briefs
361 Degrees, one of China's leading sports apparel and footwear...
361 Degrees, one of China’s leading sports apparel and footwear brands, said that its comparable store sales increased by 8.1 percent in the third quarter. The channel inventory reached a level of 4.1 months of stock held for resale. The average retail discount for the period was 23 percent. The ...
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News briefs
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
