Financial insights for the sporting goods industry – Page 93

  • News briefs

    GoPro reported a 43.0 percent sales increase to $400.3 million...

    2015-10-31T00:00:00Z

    GoPro reported a 43.0 percent sales increase to $400.3 million for the third quarter, falling short of analysts' estimates due to disappointing sales of cameras. Sales in Europe, the Middle East, Africa (EMEA) jumped by 179 percent to $156.6 million, while the Asia-Pacific region booked a 178 percent increase to ...

  • News briefs

    Sports Marketing Surveys (SMS) has published a new study on...

    2015-10-19T00:00:00Z

    Sports Marketing Surveys (SMS) has published a new study on international sporting participation, which is said to offer unprecedented comparative findings. The release of the report follows two years of research and the analysis of 27 sports in 21 countries on six continents. The survey of 63,000 households includes information ...

  • News briefs

    Zalando warns investors that its sales will be up by...

    2015-10-19T00:00:00Z

    Zalando warns investors that its sales will be up by between 33 and 35 percent in 2015, up from a previously forecast range of 28-31 percent, but they will generate an operating margin of 3 to 4 percent, less than the anticipated margin of 4-5 percent. The updated forecast for ...

  • News briefs

    In a preliminary statement, Yue Yuen Industrial Holdings said its...

    2015-10-19T00:00:00Z

    In a preliminary statement, Yue Yuen Industrial Holdings said its operating revenues increased by 5.7 percent to $6.28 billion in the first nine months of this year. The growth was driven by Pou Sheng, the company's retail subsidiary, whose sales went up by 19.9 percent to $1.75 billion during the ...

  • News briefs

    Wolverine Worldwide, which is due to report its third-quarter results...

    2015-10-19T00:00:00Z

    Wolverine Worldwide, which is due to report its third-quarter results tomorrow, told the Goldman Sachs Retail Conference last month that foreign currencies will continue to impact its profitability through the first quarter of 2016. Product costs are affecting gross margins, but they are slightly mitigated by lower commodity prices. Operating ...

  • News briefs

    Jarden Corp. expects to report sales figures for the third...

    2015-10-19T00:00:00Z

    Jarden Corp. expects to report sales figures for the third quarter on Oct. 29 that will exceed the high end of its annual targeted range of 3-5 percent for organic growth. Earnings per share should fall within the financial analysts' consensus.

  • Short stops

    Quoting Golf Data Tech's UK Retail Audit, FootJoy says it...

    2015-10-19T00:00:00Z

    Quoting Golf Data Tech's UK Retail Audit, FootJoy says it has raised its market share in the British golf shoe market to 51.6% in value

  • News briefs

    Garmin warns that its annual revenues will be more likely...

    2015-10-19T00:00:00Z

    Garmin warns that its annual revenues will be more likely around $2.8 billion, down from a previous projection of $2.9 billion, with sales in its fitness and outdoor segment coming out weaker than previously expected. Fitness should grow by 15 percent and outdoor should be down by 4 percent. For ...

  • News briefs

    In a presentation to financial analysts, Crocs predicted that its...

    2015-10-19T00:00:00Z

    In a presentation to financial analysts, Crocs predicted that its sales will fall about $10 million below its previous forecasted range of $280 to $290 million during the third quarter of this year. The revised guidance stems from the strong dollar and the company's decision to hold back about $6 ...

  • News briefs

    The websites that do not load fast enough negatively affect...

    2015-10-19T00:00:00Z

    The websites that do not load fast enough negatively affect brands. According to a new study in the U.K. by Rackspace, a cloud computing company, 83 percent of British consumers have declared that consistently slow or unavailable websites negatively affect their brand loyalty. The survey, which was conducted on 2,000 ...

  • News briefs

    The Brits lead European rankings in online shopping. According to...

    2015-10-19T00:00:00Z

    The Brits lead European rankings in online shopping. According to a new study by the UK Office of National Statistics, almost 80 percent of U.K. shoppers made a purchase online last year, more than any other country in the EU. Scandinavian countries registered similar figures, with 79 percent of the ...

  • News briefs

    Vietnam's leather and footwear sector registered a 18.4 percent increase...

    2015-10-19T00:00:00Z

    Vietnam's leather and footwear sector registered a 18.4 percent increase and earned $8.8 billion in export revenues in the first nine months of the year, according to Vietnam's Ministry of Planning and Investment. In that period the sector produced 241.9 million pairs of shoes, which represent an increase of 24.1 ...

  • News briefs

    Nike moved up to the 17th place in Interbrand's annual...

    2015-10-19T00:00:00Z

    Nike moved up to the 17th place in Interbrand's annual ranking of the world's most valuable brands, up from the 22nd position it had obtained on its 2014 listing. Adidas instead fell from the 59th spot to the 62nd one. Luxury brands such as Louis Vuitton, Gucci and Burberry also ...

  • News briefs

    Noting that consumer confidence is improving in Japan, Himaraya is...

    2015-09-30T00:00:00Z

    Noting that consumer confidence is improving in Japan, Himaraya is predicting increases in its current financial year of 5 percent in sales, 9 percent in operating income and 13 percent in net profit. For the financial year ended Aug. 31, the Japanese sporting goods retailer has reported a 44 percent ...

  • News briefs

    361° reports a 15 percent increase in orders taken at...

    2015-09-30T00:00:00Z

    361° reports a 15 percent increase in orders taken at its recent summer in-house fair at its industrial complex in Jinjiang City. The growth was driven by an increase of 9 percent in volume and 14 percent in average selling prices for the company's footwear products, especially in the running ...

  • News briefs

    Reporting on some preliminary results before and during an investors'...

    2015-09-21T00:00:00Z

    Reporting on some preliminary results before and during an investors' conference, Wolverine Worldwide's management indicated that its revenues declined by between 4 and 5 percent in the second quarter. They were flat in terms of local currencies and excluding the phase-out of the Patagonia license and the closure of retail ...

  • News briefs

    The recovery of the Spanish market has been confirmed by...

    2015-09-21T00:00:00Z

    The recovery of the Spanish market has been confirmed by the latest figures from El Corte Inglés, the large Spanish retail group that is also the second-largest sporting goods retailer in the country. The company has reported higher operating results for the financial year ended Feb. 28: Operating earnings before ...

  • News briefs

    The turnover of Li & Fung declined by one percent...

    2015-09-21T00:00:00Z

    The turnover of Li & Fung declined by one percent to $8.63 billion in the first half, reflecting macroeconomic conditions. It remained flat in the U.S. and fell by 13 percent in Europe. It grew by 14 percent in Asia but dropped by 9 percent in the rest of the ...

  • News briefs

    According to a new report by the Norwegian Health Directorate,...

    2015-09-21T00:00:00Z

    According to a new report by the Norwegian Health Directorate, the number of people doing sufficient physical activity in Norway has risen by 4 percent over the past five years. In terms of inhabitants, the figures mean that over 200,000 people are more physically active now than five years ago. ...

  • News briefs

    Manchester United has reported a 16 percent drop in retail,...

    2015-09-21T00:00:00Z

    Manchester United has reported a 16 percent drop in retail, merchandising, apparel and product licensing revenues to £31.6 million (€43.3m-$49.5m) for the financial year ended June 30, including an 11 percent decline in the fourth quarter. ManU blamed the drops on reduced guaranteed revenues from Nike due to the team's ...