Consumer insights from the sporting goods industry – Page 34
-
News briefs
The Sequential Brands Group saw its revenues rise by 23...
The Sequential Brands Group saw its revenues rise by 23 percent to $42 million in the second quarter. Adjusted Ebitda went up by 43 percent to $24.7 million. The net result was a net profit of $2.53 million against a loss of $62,000 in the same period a year ago, ...
-
News briefs
The consumption of new bicycles declined by 5 percent in...
The consumption of new bicycles declined by 5 percent in terms of units in Europe last year, according to Conebi, the European bicycle industry federation. They went down to 19.6 million units from 20.6 million units in 2015, falling by 6.9 percent in Germany, 13.7 percent in the U.K. and ...
-
News briefs
Puma's good results for the second quarter were again partly...
Puma's good results for the second quarter were again partly offset by weaker results at Volcom and other parts of Kering's Sport & Lifestyle segment, which continued to struggle in a difficult retail environment in the U.S. The total revenues of the segment increased by 15.7 percent to $1,022.4 million ...
-
Article
U.S. consumers prefer to buy Nike on Amazon than Foot Locker
Surprisingly, U.S. consumers preferred to buy Nike products on Amazon than at Foot Locker stores in the first half of this year. According to a new survey conducted by UBS among 1,000 American consumers, their preference for Amazon rose to 13 percent of the sample during the period from 10 ...
-
News briefs
Brunswick Corp. says the performance of its Fitness division will...
Brunswick Corp. says the performance of its Fitness division will begin to be favorably impacted by new product introductions, changes in manufacturing and further cost realignment actions from the second half of 2017. In the second quarter ended June 30, the division posted a 9 percent sales increase to $250.5 ...
-
News briefs
Consumer demand for the new Louis Vuitton collection co-branded with...
Consumer demand for the new Louis Vuitton collection co-branded with Supreme was so hot that the brand decided to stop selling it at pop-up shops in Paris and Tokyo. A pop-up shop in New York never opened due to the opposition of the local community. The collection was eventually offered ...
-
News briefs
The sale ski passes at Swedish alpine ski areas increased...
The sale ski passes at Swedish alpine ski areas increased by almost 6 percent to nearly 1.5 billion Swedish kronor (€155.8m-$178.6m) during the winter 2016/2017 season. The number of ski days also increased and was just over nine million. This is good news for the alpine ski market and the ...
-
News briefs
Preliminary figures collected by the European Outdoor Group among more...
Preliminary figures collected by the European Outdoor Group among more than 100 brands for its annual State of the Trade research project indicate that the European outdoor market grew last year at the wholesale level by 3.4 percent in volume and by 3 percent in value to €5.47 billion. Factoring ...
-
News briefs
JD Sports Fashion informed investors at its shareholders meeting on...
JD Sports Fashion informed investors at its shareholders meeting on June 29 that its comparable store sales and significant growth in online sales have been in line with expectations since it reported its results for the fiscal year up to Jan. 28. Peter Cowgill, chief executive of the sports and ...
-
News briefs
The situation of Italy's sporting goods industry is improving, and...
The situation of Italy's sporting goods industry is improving, and the industry is mainly investing in innovation, internationalization and digitalization. This is what emerged from the recent General Assembly of Assosport, the Italian sporting goods industry association, which was held in Vicenza on June 29. The industry is worth €8.6 ...
-
News briefs
Bread & Butter, the three-day consumer-oriented style and culture festival...
Bread & Butter, the three-day consumer-oriented style and culture festival held in Berlin, Germany, will expand this year to feature more than 40 brands, up from 25 at its first new-style session last year. Adidas, Converse, Fila, Nike, Puma, Reebok and Vans will be among the brands displaying their products ...
-
News briefs
Canada Goose told investors at the recent Baird Global Consumer,...
Canada Goose told investors at the recent Baird Global Consumer, Technology & Services Conference that it is planning to have no more than 20 physical stores in place by 2020 because its business is still largely seasonal, but as previously reported, it is investing heavily in e-commerce, particularly now in ...
-
Article
Nike launches a new consumer-direct strategy, staff cuts
Nike says it will reduce its staff by about 2 percent, as part of a reorganization aiming to accelerate its business and to target urban consumers more directly. Since Nike reported more than 70,000 employees at the end of its last full fiscal year, the cuts would affect about 1,400 ...
-
News briefs
361 Degrees, the Chinese sports apparel and footwear brand, saw...
361 Degrees, the Chinese sports apparel and footwear brand, saw its comparable store sales improve by 7.0 percent in the first quarter, as it continued to focus on store productivity. The average retail discount reached 26.5 percent for the three months. The 361 Degrees Kids brand did even better, with ...
-
News briefs
Dunlop of Japan turned around to net profit of 602...
Dunlop of Japan turned around to net profit of 602 million yen (€4.85m-$5.44m) in the first three months of this year from a loss of ¥864 million in the year-ago period, thanks to cost cuts. Sales were essentially flat overall and in each major category and each major market. They totaled ...
-
News briefs
According to a study conducted in March by a Spanish...
According to a study conducted in March by a Spanish business consultancy, MHE Consumer, Decathlon is the sports or fashion retailer that best combines offline and online retail activities in the Spanish market. Salsa, which belongs to the Portuguese Sonae group, and Mango, were ranked second and third. The others ...
-
News briefs
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for...
Globeride's comprehensive net income soared to 2,365 million yen (€19.0m-$21.1m) for the year ended March 31 from ¥859 million the year before, thanks largely to a positive swing of one billion yen (€8.0m-$8.9m) in extraordinary items. Revenues were practically flat at ¥79.1 billion (€634.3m-$705.1m) for the parent company of Daiwa, as a decline ...
-
News briefs
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m)...
Goldwin's comprehensive net income nearly tripled to 3,114 million yen (€25.0m-$27.8m) in the year ended March 31 from ¥1,130 million, but it was practically flat excluding special items. Revenues went up by 2 percent to ¥60.9 billion (€488.3m-$542.9m) for the company, which also sells The North Face, Helly Hansen and Ellesse ...
-
News briefs
Descente's net income fell by 28 percent to 5,650 million...
Descente's net income fell by 28 percent to 5,650 million yen (€45.9m-51.2m) in the year ended March 31. Sales dropped by 3 percent to ¥131.5 billion (€1.1bn-$1.2bn), and the Japanese group attributed this to the strong yen and economic stagnation in Korea. They were flat at ¥54.4 billion (€442.6m-$492.6m) in ...
-
News briefs
In the financial year ended March 31, Yonex' comprehensive net...
In the financial year ended March 31, Yonex' comprehensive net income jumped by 61 percent to 2,727 million yen (€22.0m-$24.5m), while its revenues rose by 13 percent to ¥61.04 billion (€489.5m-$544.2m). The gross margin inflated by 0.7 percentage points to 43.9 percent. The Chinese market was the key growth driver ...
