Latest Headlines – Page 88
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Golf shines at Alpen and Xebio in Japan amid the pandemic
The recent measures taken by the Japanese government from July tthrough September to combat the Covid-19 pandemic, which shut down team and indoor sports and reduced store traffic, had an impact on the latest quarterly results of two major Japanese sports retailers. Golf was an exception, and winter sporting goods ...
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ArticleNorway’s sports market fell by 7% in Q3
The period between July and September 2021 was the second-best third quarter for retailers operating in the wealthy Norwegian sporting goods market. It recorded a 7 percent decline to 3.7 billion Norwegian kroner (€374m-$423m) as compared to the third quarter of 2020, when the market grew at an exceptional rate ...
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Softer home fitness demand drives Beachbody into a loss
In its first financial report since going public, The Beachbody Company said it suffered a 17 percent decline in revenues to $208.1 million for the third quarter ended Sept. 30 because of a drop of 5 percent in online revenues to $94.1 million and a 29 percent decrease in Nutrition ...
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ArticleFila's Q3 revenues inch up thanks to Acushnet, Europe is down
Fila Holdings saw group revenues in the third quarter ended Sept. 30 inch up by 1.1 percent to 927,065 million Korean won (€689.4m-$784.1m). However, the Fila brand’s revenues declined by 6.1 percent to KRW 321,194 million (€238.9m-$271.6m) without accounting for the previously reported strong contribution from Acushnet, the golf company ...
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ArticleOn sees growth slowing down from 68% in Q3
In its first quarterly report since its successful IPO in September, On Holding reported a sales increase of 67.6 percent to 218.0 million Swiss francs (€206.9m-$234.5m) in the third quarter ended Sept. 30, leading to a growth of 77 percent for the first nine months of 2021. The gross margin ...
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ArticleISPO Munich is moved to November
After discussions with hundreds of exhibitors and retailers, Messe München decided to cancel next January’s edition of the ISPO Munich show and to set new dates for that fair and OutDoor by ISPO, making them coincide with the beginning of the ordering cycle for the two main seasons. It described ...
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ArticleTobias Gröber comments on the new schedule for the ISPO shows in Munich
The ISPO Group announced this afternoon that ISPO Munich 2022, originally scheduled for the end of January, will be postponed to Nov. 28-30, 2022. At the same time, it announced that the date of OutDoor by ISPO 2022 has also been moved to mid-June, thus establishing a completely new schedule for all future ISPO trade shows. SGI Europe and The Outdoor Industry Compass spoke with Tobias Gröber, executive director of the consumer goods business unit at Messe München, about the background to this decision.
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ArticleYue Yuen’s growth stopped in Q3
The disruption of the supply chain and the geopolitical situation in China have seriously started to affect Yue Yuen in both of its business segments. Its latest financial update for the month of October showed a year-on-year sales decrease of 21 percent, including drops of 18 percent in manufacturing and ...
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ArticleSupply chain disruptions move Austria’s ÖSFA fair and others forward
Ordering cycles throughout the supply chain are being pushed forward by between three and five months, depending on the products. The current supply chain challenges are creating real or potential product shortages that are leading vendors to place earlier and bigger orders with the factories to secure sufficient supplies for ...
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Wolverine breaks even as Q3 sales are clipped by supply chain issues
Wolverine Worldwide saw revenues in the third quarter rise by 29.1 percent to $636.7 million compared with the prior year, boosted by incremental revenues of $39.1 million from the recent acquisition of Sweaty Betty, which saw pro forma sales growth of over 50 percent in the quarter, and the strong ...
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Mizuno license helps lift Vulcabras’ sales
A relaxation of anti-Covid measures in Brazil and the addition of Mizuno’s license for the country, which was effectively transferred from Alpargatas to Vulcabras on June 30, helped to boost the latter’s revenues by 40.0 percent to a record 535.9 million Brazilian reais (€86.5m-$99.1m) in the third quarter as compared ...
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Golf and running lift Mizuno
Strong sales of golf and running products, especially in the Americas and EMEA, helped Mizuno to boost its total revenues for the second quarter and the first half ended Sept. 30, despite a drop in its home market of Japan during the latest few months. The company’s revenues went up ...
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New Balance projects 30% growth
New Balance is projecting a 30 percent increase in its sales to $4.5 billion in 2021, with growth of at least 25 percent in each geography. That would compare with revenues of $4 billion in 2019 and $3.4 billion in 2020. Addressing a conference by the U.S. Sports & Fitness ...
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Sales are up 30% at Britain’s STAG
STAG, the British buying group for independent sports retailers in the U.K. and Ireland, is doing relatively well. The retail members’ sales are up so far this year by 30 percent as compared to 2020, which saw a decline of 21 percent in both countries. One reason given for the ...
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New Russian lockdown boosts the resale market
A week-long lockdown ordered by the Russian government to slow down the spread of the Covid-19 epidemic forced Russian sporting goods retailers and others to shut most of their outlets, but it doesn’t seem to have affected the market to a major extent. As Russia has become the European country ...
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The Swedish sports market grew by 6.5% in Q3
The Swedish sporting goods market rose by 6.5 percent at the retail level during the third quarter as compared to the year-ago period, according to the new SportIndex launched by the Svensk Sportforum last year in combination with HUI Research. While sales at physical stores went up by 4.1 percent, ...
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ArticleAdidas strikes a cautious note after a 3.4% sales hike in Q3
Adidas toned down its expectations for full-year sales and earnings as the company’s growth slowed in the third quarter due to supply chain disruptions, Covid-related lockdowns in Asia-Pacific and a “challenging” market environment in Greater China. In the quarter, Adidas saw its sales edge up by just 3.4 percent to ...
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Logistics problems lead Nautilus into a loss
Like with Peloton, but on a smaller scale, a partial shift in fitness activities from the home to the gym had an impact on the revenues of Nautilus for its second quarter, ended Sept. 30. Combined with shipping problems, which caused a shortage of $22 million in products that should ...
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Alpargatas sells Osklen to Dass to develop Havaianas more widely
Completing its reorganization, Alpargatas is divesting its 60 percent stake in Osklen, a Brazilian brand of sustainable surf- and skate-inspired clothing and footwear, to focus on Havaianas, the big international brand of rubber sandals. Alpargatas had already transferred its regional Mizuno license to Vulcabras, parent company of Olympikus, in the ...
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Callaway Golf raises guidance as all segments outperform
Callaway Golf raised its guidance for the full year once again, after revenues in the third quarter increased by 80.1 percent as compared to the year earlier to $856.5 million, continuing to benefit from the addition in March of Topgolf and a better-than-expected contribution to its top line from golf ...
