More Consumer News – Page 32
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The Superstar was the best-selling shoe in the U.S. market...
The Superstar was the best-selling shoe in the U.S. market in dollar terms last year, based on a ranking publicized in a tweet by Matt Powell, sports industry analyst at NPD. The ranking underlined avid demand for white retro sneakers in the U.S., as well as growing demand for the ...
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Short stops
Foot Locker's annual report says the Nike group represented 68%...
Foot Locker's annual report says the Nike group represented 68% of its sales in 2016, down from 72% in the previous year
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Short stops
Foot Locker issued a warning indicating that its profits will...
Foot Locker issued a warning indicating that its profits will be flat or slightly down for the quarter ending April 29 due to a sales decline in the U.S. in February, attributed to delayed tax refunds to some 40 million low-income families
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Article
Nike doubles down on product innovation and consumer connections
The Nike group wants to double the speed of its supply chain and innovation while doubling its direct connections with consumers, the company told investors on a call about its results for the three months until the end of February.As reported below, the Nike group's sales rise for the third ...
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The Mammut Sports Group saw its sales decline by 0.8...
The Mammut Sports Group saw its sales decline by 0.8 percent to 233.4 million Swiss francs (€218.2m-$233.4m) in 2016, which was a decline of 2.9 percent in constant currencies. As reported by the Conzzeta Group, which controls the Swiss outdoor company, Mammut's operating profit was up by CHF 1.1 million ...
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News briefs
Basicnet has announced a net consolidated profit of €10.3 million...
Basicnet has announced a net consolidated profit of €10.3 million for 2016, down from €16.8 million in the previous year. The company owns brands such as Kappa, Robe di Kappa, K-Way and Superga, and licenses them in many territories outside its domestic Italian market. As previously reported, Basicnet's aggregated sales ...
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Briko scored a strong double-digit increase in its turnover last...
Briko scored a strong double-digit increase in its turnover last year, following a master licensing deal with Basicnet that became effective one year ago. Prior to the deal, the brand's annual turnover amounted to nearly €7 million, with about 60 percent of it was still generated in Italy. It is ...
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Hervis Sport booked a 5.2 percent sales increase to €493...
Hervis Sport booked a 5.2 percent sales increase to €493 million last year, with a 5.2 percent rise in its domestic Austrian market. The retailer, which belongs to Spar Österreich, operates also in Germany, Slovenia, Croatia, Hungary, Romania and the Czech Republic. The growth was partly due to the opening ...
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News briefs
A 50 percent increase in sales of e-bikes, especially in...
A 50 percent increase in sales of e-bikes, especially in Europe, could not prevent Giant Manufacturing Co. from posting a drop of 5.57 percent in its global revenues to 53.09 billion Taiwan dollars (€1.64bn-$1.75bn). The major factor was a 20 percent decline in its bike sales in China, which are ...
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Giant is not the only Taiwanese bike company to be...
Giant is not the only Taiwanese bike company to be suffering from international competition. Merida's total sales outside Taiwan declined in volume by 26.9 percent to 1,601,623 units last year, according to Bike Europe, with a drop of 20.18 percent to 866,976 unit in the volume exported from Taiwan.
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News briefs
Rubber prices shot up from a low of $1.50 per...
Rubber prices shot up from a low of $1.50 per kilo last September to $2.50 this past January, forcing suppliers of rubber soles to raise their own prices by a minimum of 10 percent. Among other factors, the price hike was due to floods in Thailand late last year, increases ...
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News briefs
Sports Direct International (SDI) continues to believe that the devaluation...
Sports Direct International (SDI) continues to believe that the devaluation of the euro against the dollar will impact its gross margin, the British sports retailer said in a statement last week, in response to queries about currency hedging. The group said its euro to dollar exchange rate is hedged at ...
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News briefs
Sportamore, the Swedish online sports retailer, reports that its sales...
Sportamore, the Swedish online sports retailer, reports that its sales soared by 29 percent to 701.6 million Swedish kronor (€73.5m-$78.4m) last year. The group achieved an operating profit (Ebitda) of SEK 19.5 million (€2.0m-$2.2m), while the figure was negative at SEK 36.4 million in 2015. Ebitda became profitable in Sweden ...
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News briefs
Airesis, the Swiss holding company that owns majority stakes in...
Airesis, the Swiss holding company that owns majority stakes in Le Coq Sportif and the Movement Group, reports that the French brand's sales increased by 7 percent to €108 million last year, up from €101 million in 2015. This was slightly below the earlier forecast of about €111 million, which ...
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The integration of Oakley into Luxottica's wholesale operations allowed the...
The integration of Oakley into Luxottica's wholesale operations allowed the group to improve its operating margins, but the management has indicated that a sales turnaround for the brand is not expected until the second half of this year. The measures taken at Oakley and other improvements in efficiency led the ...
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News briefs
Berkshire Hathaway reports that sales of its apparel and footwear...
Berkshire Hathaway reports that sales of its apparel and footwear brands, which include Russell Athletics and Brooks, declined by 1.9 percent last year. This was equivalent to $81 million, reflecting lower footwear sales and a divestment by Fruit of the Loom in 2015, the investment group notes in its annual ...
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News briefs
Yonex' growth slowed down in the third quarter to Dec....
Yonex' growth slowed down in the third quarter to Dec. 31 as its sales rose by only 5 percent to 13.9 billion yen (€114.3m-$121.0m), due in large part to the deceleration of the Japanese economy. Currency pressure hurt the company's results in North America and Europe. The gross margin fell ...
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News briefs
Goldwin booked a 13 percent rise in comprehensive net income...
Goldwin booked a 13 percent rise in comprehensive net income to 1,513 million yen (€12.4m-$13.2m) in the third quarter ended Dec. 31. Excluding special items, net earnings would have more than doubled to ¥4,099 million (€33.7m-$35.7m), due in particular to a gross margin that improved by 2.6 percentage points to 51.2 ...
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News briefs
Descente turned around to a net comprehensive profit of 1,993...
Descente turned around to a net comprehensive profit of 1,993 million yen (€16.4m-$17.4m) in the third quarter ended Dec. 31 from a loss of 591 million in the year-earlier period, but excluding extraordinary items in both periods, there was a drop in net income of 27 percent to ¥1,498 million (€12.3m-$13.0m). ...
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News briefs
Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and...
Iconix Brands Group, owner of Umbro, Danskin, Starter, Pony and other brands, saw its licensing revenues decline on a comparable basis by 7 percent to around $87.1 million in the fourth quarter of 2016 and by 2 percent to $368.5 million for the full year. The company suffered a higher ...
