News briefs – Page 22
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News briefs
The websites that do not load fast enough negatively affect...
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 ...
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News briefs
361° reports a 15 percent increase in orders taken at...
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 ...
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News briefs
Noting that consumer confidence is improving in Japan, Himaraya is...
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 ...
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News briefs
Reporting on some preliminary results before and during an investors'...
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 ...
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News briefs
Manchester United has reported a 16 percent drop in retail,...
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 ...
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News briefs
The recovery of the Spanish market has been confirmed by...
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 ...
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News briefs
According to a new report by the Norwegian Health Directorate,...
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. ...
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News briefs
The turnover of Li & Fung declined by one percent...
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 ...
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News briefs
New Wave Group reported a 21 percent increase in consolidated...
New Wave Group reported a 21 percent increase in consolidated sales to 208 million Swedish kronor (€21.9m-$24.7m) for the second quarter, but 52 percent of the growth was attributed to currencies. The Sport & Leisure segment, which includes Craft, Cutter & Buck and the distribution of Speedo and Umbro in ...
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News briefs
The revenues of China Dongxiang rose by 28.4 percent to...
The revenues of China Dongxiang rose by 28.4 percent to 597 million yuan renmimbi (€82.9m-$93.4m) in the first half ended June 30, leading to a 202 percent jump in net income to RMB 290 million (€40.3m-$45.4m). A big boost came from a 46.4 percent sales increase to RMB 464 million ...
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News briefs
The turnover of Li & Fung declined by one percent...
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 ...
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News briefs
Giant Manufacturing Co. has raised prices in Europe, where its...
Giant Manufacturing Co. has raised prices in Europe, where its bike sales grew strongly in the first half in local currencies, to mitigate adverse currency exchange effects. Currencies cut the revenues of Giant by 57.1 million Taiwanese dollars (€1.6m-$1.8m) in the second quarter. At current rates, they grew by only ...
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News briefs
The Fila Korea group has reported a net loss of...
The Fila Korea group has reported a net loss of 31.8 trillion Korean won (€23.9bn-$27.0bn) for the second quarter ended June 30, compared with a profit of KRW29.5 trillion in the year-ago period, on 2.7 percent higher revenues of KRW 200.7 million (€0.15m-$0.17m). The Korean operation suffered a 7.6 percent ...
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News briefs
Acushnet Company raised its sales by 2.0 percent to $446.5...
Acushnet Company raised its sales by 2.0 percent to $446.5 million for the second quarter according to Fila Korea, which owns 12 percent of the parent company of Titleist and Footjoy, but the turnover was up by 4 percent on a currency-neutral basis. The gross margin improved to 53.1 percent ...
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News briefs
Johnson Health Tech turned around to a net loss of...
Johnson Health Tech turned around to a net loss of 161.8 million Taiwanese dollars (€4.4m-$5.0m) from NT$157.9 million in net profits for the second quarter. Sales increased by one percent to NT$ 3,479 billion (€95.5bn-$107.5bn) during the period, but the gross margin fell by 3.22 percentage points to 43.2 percent.
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News briefs
In a preliminary trading statement, JD Sports Fashion said on...
In a preliminary trading statement, JD Sports Fashion said on July 31 that it was expecting its headline pre-tax income to be about 10 percent higher than the current consensus among financial analysts of £110 million (€155.4m-$170.5m). It confirmed that it suffered some loss of margin from the weakness of ...
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News briefs
Puma's good performance in the second quarter helped Kering to...
Puma's good performance in the second quarter helped Kering to raise its revenues in the Sport & Lifestyle segment by 15.5 percent to €1.7 billion in the first half of this year. Together, Volcom and Electric grew by 15.3 percent to €129 million in euros but were down by 1.4 ...
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News briefs
Neil Cole resigned last Friday as chairman, chief executive and...
Neil Cole resigned last Friday as chairman, chief executive and president of Iconix Brand Group, parent company of Danskin, Umbro, Ocean Pacific, Candie's and many other brands. The news, which came ahead of today's release of the company financial results, precipitated its share price, which has been under pressure following ...
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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 ...
