Financial insights for the sporting goods industry – Page 93
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News briefs
Yonex has reported a 4 percent drop in net income...
Yonex has reported a 4 percent drop in net income to 246 million yen (€1.8m-$2.0m) on flat revenues of ¥11.67 billion (€85.7m-$94.0m) for the first quarter of its financial year ended on June 30. Sales were depressed by the termination of a contract with its Chinese agent and the transition ...
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News briefs
Nautilus posted a 23 percent sales increase in the second...
Nautilus posted a 23 percent sales increase in the second quarter ended June 30. The strong growth, with sales reaching $59.7 million in the quarter, was driven by higher sales in both the direct and retail segments. The gross margins improved by 0.4 percent to 51.4 percent. Operating income from ...
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News briefs
Sequential Brands, owner of many brands including Avia, And1, Heelys...
Sequential Brands, owner of many brands including Avia, And1, Heelys and Revo, reported a net loss of $1.3 million for the second quarter, up from $0.6 million in the year-ago period, despite a 190 percent increase in revenues to $20.2 million. Adjusted operating earnings before amortization (Ebitda) jumped by 240 ...
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News briefs
Yue Yuen Industrial, the leading footwear maker, reports that its...
Yue Yuen Industrial, the leading footwear maker, reports that its consolidated operating revenue for June 2015 amounted to $752,391, which was an increase of 4.7 percent compared with the same month last year. For the first six months of the year, this revenue reached $4,248.2 million, up by 7.4 percent ...
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News briefs
Great Britain remains easily the largest market for football replica...
Great Britain remains easily the largest market for football replica shirts in Europe with annual sales of around £250 million, according to the NPD Group's consumer data. The country retains the lead despite soaring sales in Germany, where the size of the replica market roughly doubled last year on the ...
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News briefs
Pou Sheng International, the big Chinese sports retailer, told investors...
Pou Sheng International, the big Chinese sports retailer, told investors that it should achieve a net profit for the first half of the year, as compared with a net loss of about $2.59 million for the same six months last year. The company returned to profit in the third quarter ...
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News briefs
The consumption of bicycles and bike-related products grew in Spain...
The consumption of bicycles and bike-related products grew in Spain by 6.6 percent in 2014 to a value of €1,354 million, according to a study commissioned to Sport Panel by Ambe, the Spanish bike industry association. Sales to all retail channels grew by 8.1 percent to €549 million, with multi-sport ...
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News briefs
The Italian bike market recovered last year. After a drop...
The Italian bike market recovered last year. After a drop suffered in 2013, sales of bicycles to the various retail channels increased by 6.4 percent to 1,644,600 units in 2014, thanks apparently to an improving economy and greater participation in the sport. Sales of e-bikes were stagnant at 51,156, in ...
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News briefs
GoPro has reported on another big jump of 71.7 percent...
GoPro has reported on another big jump of 71.7 percent to $414.9 million in its revenues during the second quarter ended June 30. Sales outside the U.S. represented more than 50 percent of the total turnover during the quarter, as combined sales in Europe, the Middle East and Africa (EMEA) ...
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News briefs
361 Degrees, the Chinese sportswear brand, reports that the comparable...
361 Degrees, the Chinese sportswear brand, reports that the comparable store sales of its franchisees advanced by 7.2 percent for the second quarter of this year, with an average retail discount of 28 percent and channel inventory of four months. This is based on the performance of 3,707 stores out ...
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News briefs
Peter Cowgill, executive chairman of the JD Sports Fashion group,...
Peter Cowgill, executive chairman of the JD Sports Fashion group, told shareholders at their annual meeting earlier this week that the company has made a strong start for the first 19 weeks of its new fiscal year, started at the beginning of February. The company said it was still pleased ...
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News briefs
Direct Golf, the British golf retailer, says it continues to...
Direct Golf, the British golf retailer, says it continues to outperform the country's golf market with the ninth consecutive month of increasing turnover in May, compared with the same month one year earlier. Its sales soared by 39 percent in April and again jumped by 34 percent in May. Its ...
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News briefs
Zumiez reports that the sales of Blue Tomato rose by...
Zumiez reports that the sales of Blue Tomato rose by 33.6 percent to $64.4 million in the first quarter ended on May 2, in spite of a negative currency impact of $5.0 million. The parent company's total sales went up by 9.0 percent to $178 million, with growth of 3.0 ...
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News briefs
Bike Europe reports that exports of bicycles from Taiwan jumped...
Bike Europe reports that exports of bicycles from Taiwan jumped by 13.9 percent in volume to 1,475,000 complete bicycles for the first four months of this year. After several years of stagnation, the value of these exports advanced by 10.1 percent to $599 million, although the average value per exported ...
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News briefs
Sportshoes.com, an online sports footwear retailer based in Yorkshire, has...
Sportshoes.com, an online sports footwear retailer based in Yorkshire, has been ranked among the fastest-growing mid-market private companies in the U.K. The retailer is 30th in the ranking compiled by Investec, the banking and asset management group, based on annual percentage turnover growth over four years among companies with a ...
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News briefs
New Balance's sales soared by more than 20 percent to...
New Balance's sales soared by more than 20 percent to $3.3 billion last year, up from $2.93 billion the previous year, the company reported in an unrelated press release. The annual figure reportedly encompasses estimated sales by joint ventures and distributors, and they include sales from the group's secondary brands, ...
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News briefs
The Migros Group has reported a 2 percent increase in...
The Migros Group has reported a 2 percent increase in its total turnover to 27.3 billion Swiss francs (€26.1bn-$29.6bn) in 2014. However, SportXX, the sporting goods retail chain of the cooperative, suffered a sales decline of 0.9 percent, despite an increase in the number fo stores from 54 to 57, ...
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News briefs
Sports Direct International (SDI) has provided employees and partners with...
Sports Direct International (SDI) has provided employees and partners with updates on its performance, which is ahead of market expectations for profits before tax and earnings per share. The company said that its underlying Ebitda is in line with expectations of £380 million. The company attributed the above-expectations earnings to ...
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News briefs
Skechers told the recent Citigroup investor conference that it expects...
Skechers told the recent Citigroup investor conference that it expects its sales in China to reach $150 million this year and is targeting an annual turnover of $500 million in the next four to five years. The management indicated that some major franchising agreements are in the works. It sees ...
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News briefs
The average number of golf rounds played in the U.K....
The average number of golf rounds played in the U.K. increased by 14 percent in the first quarter of this year, according to the latest findings by Sports Marketing Surveys (SMS). The research company already pointed to an encouraging stabilization in golf participation last year. The relatively mild temperatures and ...
