Consumer insights from the sporting goods industry – Page 55
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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
Adidas invited end consumers to participate in the planning of...
Adidas invited end consumers to participate in the planning of the fashion show for its Neo label of apparel, shoes and accessories, held on Sept. 3 in New York, where it presented the new autumn/winter collection of the brand. Selena Gomez, an American artist and vocalist, presented the campaign, which ...
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News briefs
Jack Wolfskin launched a new advertising campaign for end consumers...
Jack Wolfskin launched a new advertising campaign for end consumers in Germany, Austria and Switzerland on Aug. 18. The campaign includes a TV spot, which has been available on the campaign's website, draussen-ist-ueberall.com, since Aug. 18 and which was aired for the first time on TV on Aug. 25. Together ...
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News briefs
Airesis reports a small improvement in the results of Le...
Airesis reports a small improvement in the results of Le Coq Sportif for the first half of 2014. Its sales increased by 4 percent to €52.9 million, with double-digit progress in apparel. The turnover with Russian and Argentinian distributors has been under pressure due to the economic situation in those ...
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News briefs
Skullcandy returned to the black in the second quarter ended...
Skullcandy returned to the black in the second quarter ended June 30, posting a net profit of $1,572,000 against a loss of $635,000 a year earlier thanks to a cut of 4.7 percentage points in operating expenses. Sales increased by 6.0 percent to $39.5 million, with similar trends in the ...
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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
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
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
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
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
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
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
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
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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Short stops
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimates that...
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimates that 176 plants have had to close down after the Rana Plaza disaster in April 2013, under pressure from wage increases, labor unrest and new safety requirements
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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
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 ...
