Latest Headlines – Page 216
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Shimano falls by 15.7% but recovers in Europe
Shimano's sales dropped by 15.7 percent to 241,700 million yen (€2.1bn-$2.3bn) during the first nine months of 2016. The Japanese maker of bicycle components and fishing gear blamed continued high inventories at bicycle distributors in Europe, North America and China, brought on by unfavorable spring weather in Europe and stalled ...
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Luxottica’s wholesale revenues suffer lower sales for Oakley
Sales declines for Oakley and Ray-Ban in North America caused Luxottica's global wholesale revenues to fall by 3.2 percent to €800 million in the third quarter ended Sept. 30, with a drop of 3.6 percent in local currencies. The lower turnover was caused by the introduction in North America of ...
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Uvex focuses on digital
Creating a new position, the German group has appointed a chief digital officer, Olaf Lamberz, to develop new digital processes and business models and to address new target groups in an increasingly complex market. Reporting directly to the group's chief executive, Michael Winter, he will start with Uvex's sports eyewear ...
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Cybex boosts Brunswick’s sales, not its margins
The acquisition of Cybex and ICG allowed Brunswick Corp., parent company of Life Fitness, to boost the sales of its fitness segment by 20.3 percent to $237.0 million in the third quarter, but excluding its takeover, the segment's revenues grew by only 4 percent in terms of constant currencies.Outside the ...
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Nautilus’ sales were up by 14%, but below expectations
Nautilus' third-quarter results missed analysts' forecasts, despite a jump in revenues of 14.3 percent above the year-ago period to $80.8 million – well above the level of $77.8 million predicted by Wall Street. However, the company's net income topped the analysts' consensus estimate, rocketing by 105.4 percent to 7.6 million. ...
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Fitbit cuts sales forecast
After posting two strong quarters earlier this year, Fitbit disappointed investors with weaker-than-expected third-quarter results and a revised-down guidance for the fourth quarter. The shares of the fitness tracking company were trading down about 30.0 percent the day after it cut sales forecasts on Nov. 2.Fitbit officials cited challenges in the ...
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Another tough quarter for GoPro
GoPro has not been able to stop its downward spiral. It another weak quarter with sales for the three months ended Sept. 30 plummeting by 39.0 percent from the year-ago quarter, down to $240.6 million.Revenues for the action-camera company fell across every region: North America, Asia-Pacific and Europe. The management ...
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BasicNet’s sales decline slightly in the first nine months
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has reported aggregated revenues of €556 million for the first nine months of 2016, down from €570 million in the first nine months of 2015. BasicNet's aggregated revenues include its direct sales, mostly in Italy, and those ...
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International powers Sequential’s results
Strong sales by Heelys outside the U.S., along with recent acquisitions and the sales of other brands in its portfolio of licenses, such as Jessica Simpsons and William Rast, helped Sequential Brands Group to book an 83 percent increase in revenues to $42.0 million in the third quarter ended Sept. ...
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Alibaba posts higher-than-expected sales
Alibaba posted sales of 34.3 billion yuan renminbi (€4.6bn-$5.1bn) for the quarter to Sept. 30, representing a 55 percent increase on an annualized basis. For the second consecutive quarter sales exceeded Wall Street's expectations. Income from operations was RMB 9,045 million (€1,201.8m-$1,337.8m) against RMB 6,395 million in the comparable quarter ...
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Stella focuses on “athleisure” to counter falling sales
Stella International saw revenues for the nine months ended Sept. 30 tumble by 12.7 percent over the year-ago period to $1,192.8 million. While its retail business in China began to recover in the third quarter, rising to the equivalent of $16.1 million, revenues from manufacturing declined by 18.3 percent to ...
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New investor and new plans in Austria for XXL
After studying the local market conditions, XXL ASA will soon launch its big-box, low-cost format on the Austrian market. The group says it has already signed its first two leases in the country, with a view to open at least one store at the end of 2017.XXL said that Austria ...
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Chains outperform global market growth
The 72 largest integrated sporting goods retail chains saw their combined sales grow by 7.5 percent on a currency-weighted basis in 2015, according to our annual study of the global retail market. Translated into U.S. dollars, their sales inched up by 1.2 percent to a net total of almost $93 ...
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NPD sees steady growth in the global market
The global sporting market grew by 5 percent on a currency-neutral basis in 2015, reaching a record level of $392 billion in terms of consumption, according to the NPD Group. For the international market research company, it was the fifth consecutive annual increase of 5 percent, after a problematic period ...
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E-commerce accounts for nearly 1/4 of European sales of softgoods
In the so-called European “Big Five” countries for sporting goods – Germany, U.K., France, Italy and Spain - online sales accounted for 24 percent of sports footwear and apparel sales in value in the 12 months to June 2016, according to the NPD Group. This compares to an average 22 ...
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Norway helps XXL pull off strong quarter
XXL ASA, the Norwegian-based sporting goods retailer, continued to grow at strong double-digit rates in the third quarter. It delivered revenues of 2,080 million Norwegian kroners (€230.1m-$252.2m) for the period - up by 19.0 percent over the year-ago quarter - driven by new stores and e-commerce, along with an unusually ...
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New investor and new plans in Austria for XXL
After studying the local market conditions, XXL ASA will soon launch its big-box, low-cost format on the Austrian market. The group says it has already signed its first two leases in the country, with a view to open at least one store at the end of 2017.XXL said that Austria ...
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Belle reports 19.7% lower profits
Belle International's net income for the six months ended Aug. 31, 2016, tumbled by 19.7 percent over the year-ago period to 1,733 million yuan renmimbi (€234.0m-$261.0m), as the group's footwear business faced challenges. The Chinese retailer said changes in foot traffic across various retail channels as well as shifting style ...
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Nike’s Chelsea and Barca deals confirmed
The Barcelona football club has confirmed an extension to its long-term partnership with Nike, which should be worth at least €155 million per season from 2018, making it the largest such deal in European football and marking yet another escalation in the dizzying rise in prices for leading European clubs.On ...
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Unstable U.S. market dampens Amer’s growth
Outdoor apparel and footwear sales at the Amer Sports Group have taken a break from the double-digit increases delivered in the first half of this year, but the outdoor category still supported the growth of the entire Finnish group in the third quarter.Amer's sales reached €736.8 million for the three ...
