News briefs – Page 29
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News briefs
Björn Borg's net income declined by 35.3 percent to 2.2...
Björn Borg's net income declined by 35.3 percent to 2.2 million Swedish kronor (€0.24m-$0.31m) in the second quarter ended June 30. The gross margin improved slightly to 52.5 percent but sales fell by 8 percent to SEK 97 million (€10.57m-$13.88m), and they were down by 10 percent in local currencies. For ...
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News briefs
Chinese sporting goods manufacturers' sales rose by 8 percent to...
Chinese sporting goods manufacturers' sales rose by 8 percent to 58.02 billion yuan renmimbi (€7,298.60m-$9,447.67m) in the six months ended June 30, according to China's Ministry of Industry and Information Technology. Their gross profits increased by 20 percent to RMB2.06 billion (€259.18m-$335.46m), indicating relatively low margins. Almost half of the production ...
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News briefs
Complementing the financial information given last month in connection with...
Complementing the financial information given last month in connection with its refinancing, Macintosh Retail Group reported a net loss of €31.2 million for the first half of this year, compared with a loss of €17.3 million in the year-ago period. Operating losses (Ebit) increased to €27.5 million from €15.3 million, ...
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News briefs
The worldwide boardsports market experienced steady growth in 2013 for...
The worldwide boardsports market experienced steady growth in 2013 for the second year in a row, driven by non-core products such as lifestyle products and apparel. This is what emerges from a recent study by the European Surf Industry Manufacturers' Association (EuroSIMA), in partnership with the market research firm NPD ...
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News briefs
Retailing over the internet dropped for the first time in...
Retailing over the internet dropped for the first time in Germany across all product segments in the second quarter of 2014, according to the German E-Commerce and Mail Order Catalog Association (BEVH). It fell by 5.2 percent to €9.5 billion as compared to a very strong quarter a year ago. ...
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News briefs
The Swedish sporting goods market grew by 3.3 percent in...
The Swedish sporting goods market grew by 3.3 percent in June, according to HUI Research, leading to growth of 4.6 percent for the first half of this year. Swedish sporting goods retailers have been experiencing year-on-year growth every month except in February. The retail sector in Sweden as a whole ...
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News briefs
Kesko Oy reported sales declines of 11.2 percent at Intersport...
Kesko Oy reported sales declines of 11.2 percent at Intersport Finland and 13.8 percent at Intersport Russia for the second quarter ended June 30. For the first six months of this year, they were off by 10.5 percent and 21.9 percent, respectively. The profitability of Intersport Finland remained at a ...
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News briefs
Garmin's sales in the Fitness segment jumped by 79 percent...
Garmin's sales in the Fitness segment jumped by 79 percent to $150.7 million in the second quarter ended June 28 on the strength of its Vivofit fitness trackers, its lower-priced Forerunner watches and the new Edge 1000 cycling computer. This led the segment's operating margin to improve to 42 percent. ...
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News briefs
The introduction of Cardio GPS sports watches led TomTom to...
The introduction of Cardio GPS sports watches led TomTom to more than double its revenues from sports products in the second quarter. It helped its Consumer Division to record only a small decline to €169 million from €172 million, in spite of a 17.4 percent drop in automotive hardware to ...
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News briefs
Peak Sport Products, the Chinese sports apparel and footwear supplier,...
Peak Sport Products, the Chinese sports apparel and footwear supplier, said that orders for deliveries in China in the first quarter of 2015 increased at a mid-teens rate at wholesale prices during its latest sales fair. The group has enjoyed growing orders for four consecutive seasons, which it regards as ...
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News briefs
Halfords Group registered higher revenues in the first quarter ended...
Halfords Group registered higher revenues in the first quarter ended June 27, driven by strong growth in bicycle sales. The British retailer said comparable store sales of cycling products grew 21.3 percent, compared with a consolidated comparable store sales increase of 7.9 percent across all its retail segments, which include ...
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News briefs
Macintosh Retail Group, parent company of Brantano, Scapino and other...
Macintosh Retail Group, parent company of Brantano, Scapino and other major shoe retail chains in the Netherlands, Belgium and the U.K., has outlined a €180 million refinancing package intended to strengthen its shoe formats and its omni-channel retail operations. After a rise of 7.8 percent in the first quarter of ...
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News briefs
Intersport Germany wants to invest €20 million to expand its...
Intersport Germany wants to invest €20 million to expand its Red Blue showroom and exhibition centre in Heilbronn by 8,000 to 10,000 square meters. The Red Blue centre hosts the six annual ordering fairs organised by Intersport for its members, with about 80 participating suppliers. Another €30 million is to ...
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News briefs
After eliminating its losses in the German market two years...
After eliminating its losses in the German market two years ago, Zalando announced on Friday that it had finally reached breakeven in terms of operating results (Ebit) for the big Berlin-based online retailer during the second quarter ended June 30. This would compare to a negative margin of 9 percent ...
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News briefs
During its annual convention, held on June 22 in Mainhausen,...
During its annual convention, held on June 22 in Mainhausen, the ANWR Group reported an increase of 3 percent to €7.8 billion in transactions through the group in 2013. ANWR Schuh, ANWR Garant International (AGI) and the other directly managed buying groups recorded a combined increase of 4.1 percent to ...
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News briefs
Sequential Brands, which owns and licenses out Heelys, DVS and...
Sequential Brands, which owns and licenses out Heelys, DVS and Revo, among other brands, has reported a financial turnaround for the fiscal year ended last Dec. 31. On a pro forma basis, it generated income of $4,173,000 from continuing operations, versus losses of $39,161,000 in the previous year. Revenues, which ...
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News briefs
The European Outdoor Group (EOG) reported at the OutDoor fair...
The European Outdoor Group (EOG) reported at the OutDoor fair that the European outdoor market increased by 3.1 percent to an estimated level of €4,776 million at the wholesale level last year, based on its annual market research study. Extrapolating mark-ups, the EOG has calculated that the market was worth ...
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News briefs
This year, Helly Hansen had its best quarter ever with...
This year, Helly Hansen had its best quarter ever with a sales increase of 24 percent as compared to a year ago. The Norwegian outdoor company is predicted to reach a sales increase of 25 percent for the full year. Currently, Scandinavia, the U.K. and Canada are the focus markets ...
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News briefs
Fila Korea has reported a 36 percent improvement in operating...
Fila Korea has reported a 36 percent improvement in operating profit to 29.6 billion Korean won (€21.43m-$29.25m) in the first quarter on 17 percent higher revenues of KRW 199.2 billion (€144.21m-$196.89m). The results were driven by Fila USA, whose sales grew by 36 percent to $77.9 million. Sales in Korea went ...
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News briefs
According to GfK, whose figures were quoted in the Sport+Mode...
According to GfK, whose figures were quoted in the Sport+Mode magazine, the German sporting goods market fell by an estimated 3 percent in the first quarter of 2014, dragged down by declines of 6 percent in both apparel and equipment. Sales of sports shoes increased by 4 percent, thanks especially ...
