News briefs – Page 35
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News briefs
Peak Sport Products, the Chinese sports brand, warned that its...
Peak Sport Products, the Chinese sports brand, warned that its profit for the first half of the year should “decrease considerably” compared with the same period last year, amid sluggish demand and the continuing inventory cleanup in the Chinese sports market. Peak Sport was one of the Chinese sports companies ...
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News briefs
A total of 5.9 million customers shopped last year for...
A total of 5.9 million customers shopped last year for sporting goods online in Germany, according to Disq, a German service quality institute that ranked the ten major online sports shops in the country. SportScheck.com came out as the best one on its list, followed by Globetrotter.de. Sport-Thieme.de and the ...
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News briefs
American Golf saw a surge in its sales on the...
American Golf saw a surge in its sales on the back of Justin Rose's triumph in the U.S. Open on June 16, the first by any Englishman in the tournament for more than 40 years. In the week following the event, the U.K.-based golf retailer registered a 16.4 percent increase ...
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News briefs
Intersport España reports a decline of 11.7 percent in its...
Intersport España reports a decline of 11.7 percent in its 2012 revenues to €83 million, but the company continued to make a profit as in the previous ten years with a pretax result of €407,000. Retail sales fell by 5 percent to €220 million before VAT.
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News briefs
A Norwegian voluntary group of sporting goods stores, Stadion, has...
A Norwegian voluntary group of sporting goods stores, Stadion, has reported revenues of 97.312 million Norwegian kroner (€12.7m-$16.8m) for 2012, a slight increase from 2011, and operating profit of NOK 3,644,528 (€0.47m-$0.63m) against NOK 4,447,624 in 2011. Currently, the Stadion chain has 73 affiliated retailers, which is slightly less than ...
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News briefs
Dorel Industries has warned investors that earnings will be weaker...
Dorel Industries has warned investors that earnings will be weaker than expected for its recreational leisure segment for the second quarter due to bad weather across the U.S., Canada and Europe, which led to lower than anticipated sales volumes, particularly in the specialized bike dealer channel. The segment comprises the ...
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News briefs
Zumiez, the American action sports retail chain that took over...
Zumiez, the American action sports retail chain that took over Blue Tomato last year, posted net income of $2.5 million in its fiscal first quarter ended last May 4, down by 44.4 percent from a year earlier, due especially to charges of $1.7 million associated with the acquisition of the ...
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News briefs
Björn Borg registered sales of 131.4 million Swedish kronor (€15.3m-$19.9m)...
Björn Borg registered sales of 131.4 million Swedish kronor (€15.3m-$19.9m) for the first quarter ended March 31, representing a 6 percent decline from a year earlier. Excluding currency effects, sales slipped by 4 percent. The decline was partly due to a smaller volume of spring and summer underwear being delivered ...
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News briefs
Spy Optic continued to improve its results in the first...
Spy Optic continued to improve its results in the first quarter ended last March 31. Its net losses were reduced to $721,000 in the period from $2,608,000 in the same quarter a year ago, while sales increased by 10.6 percent to $9,008,000. They now consist almost exclusively of Spy branded ...
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News briefs
Goldwin's sales increased by 8 percent to 52,510 million yen...
Goldwin's sales increased by 8 percent to 52,510 million yen (€398.5m-$517.3m) in the financial year ended last March 31, but the company's net income dropped by 5 percent to ¥3,168 million (€24.0m-$31.2m). Goldwin is projecting small increases in sales and profits for the current financial year to ¥53 billion (€402.2m-$522.1m) and ...
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News briefs
In the first quarter of 2013, Vulcabras of Brazil suffered...
In the first quarter of 2013, Vulcabras of Brazil suffered a further decline in net sales to R$286.6 million (€107.8m-$139.0m) in the first quarter of this year, down from R$378.7 million in the same period a year ago. The gross margin declined to 20.7 percent from 25.4 percent for the ...
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News briefs
Sequential Brands recorded a loss of $21.5 million for the...
Sequential Brands recorded a loss of $21.5 million for the first quarter ended March 31, largely due to one-off charges related to its acquisitions of Heelys, Ellen Tracy and Caribbean Joe, which compares to a $400,000 loss in the same period last year. Excluding costs related to the acquisitions and ...
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News briefs
Descente reports a 15 percent rise in net income to...
Descente reports a 15 percent rise in net income to 5,639 million yen (€42.8m-$55.6m) for the financial year ended March 31 as its consolidated revenues grew by 11 percent to ¥91.9 billion (€696.6m-$906.4m). For the current fiscal year, the Japanese company is now forecasting a net profit of ¥6.1 billion ...
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News briefs
Favorable exchange rates allowed Giant Manufacturing to raise its sales...
Favorable exchange rates allowed Giant Manufacturing to raise its sales by 3.5 percent to 13.24 billion Taiwanese dollars (€345m-$448m), and they pushed up its net income by 32.7 percent to TWD886 million (€23m-$30m). U.S. sales were negatively affected by unfavorable weather conditions. European sales were flat due to abnormal weather ...
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News briefs
Measured against strong performances in the first quarter of 2012,...
Measured against strong performances in the first quarter of 2012, Garmin's sales rose by only 1.7 percent in the fitness segment to $72.4 million in the 13-week period ended March 30, and they fell by 1.3 percent to $76.2 million in the outdoor segment. Gross margins rose to 62.1 percent ...
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News briefs
Easton-Bell's net sales declined by 4.0 percent to $207.6 million...
Easton-Bell's net sales declined by 4.0 percent to $207.6 million in the first quarter, but its gross margin improved by 1.6 percentage points to 35.8 percent, as compared to the same period a year ago. Excluding severance expenses for the recently dismissed managers of the company, the operating profit before ...
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News briefs
Nautilus benefited from improved consumer credit conditions in the U.S....
Nautilus benefited from improved consumer credit conditions in the U.S. in the first quarter, as its consumer-direct operations recorded a 26 percent hike in sales to $42.4 million and a 122 percent jump in operating income to $6.7 million, thanks also to strong demand for its cardio products, led by ...
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News briefs
Brekka, the Italian brand of headwear and other winter accessories,...
Brekka, the Italian brand of headwear and other winter accessories, is targeting growth of at least 30 percent this year, thanks mainly to the expansion of its sales outside its domestic market. One important factor for this year's exceptional growth will be the company's breakthrough into the North American market ...
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News briefs
Skullcandy's sales fell by 30.4 percent in the first quarter...
Skullcandy's sales fell by 30.4 percent in the first quarter due to a more selective sales policy in North America, where its turnover dropped by 37.9 percent to $28.7 million. In the rest of the world, the headphone company's sales increased by 17.5 percent to $8.4 million but were essentially ...
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News briefs
Toray Industries suffered a 24.5 percent drop in net income...
Toray Industries suffered a 24.5 percent drop in net income to 48.5 billion yen (€367.9m-$478.3m), falling below its previous projections as its sales grew by only 0.2 percent to ¥1,592 billion (€12.0b-$15.7b) due to lower demand from the automotive sector and the economic slowdown in Europe and China. However, its ...
