Consumer insights from the sporting goods industry – Page 73
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News briefs
China Dongxiang, which owns Phenix and the rights to the...
China Dongxiang, which owns Phenix and the rights to the Kappa brand name for China and Macau, is warning investors that the results for the first half ended June 30 may show a 45 percent decline in its turnover. They would thus reach a level equivalent to about 1,489 million ...
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News briefs
JJB Sports has reported that its turnaround plan is coming...
JJB Sports has reported that its turnaround plan is coming along well, but the retail market in the U.K. is difficult and might remain that way for a while. Nonetheless, the company says it remains on track toward its objectives and expects a full turnaround. Financial results for the 22 ...
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News briefs
Golf House has reported a pre-tax profit of €1.5 million...
Golf House has reported a pre-tax profit of €1.5 million on sales of €27.5 million in 2010. The German golf retail chain, which was previously the property of Karstadt, has just opened its 16th store in Münster.
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News briefs
Assosport, the Italian sporting goods industry association, reported at its...
Assosport, the Italian sporting goods industry association, reported at its annual general assembly that the sales of its members had increased by about 8.5 percent last year to reach €3.8 billion, but this is mostly due to new memberships; the sales of existing members inched up by only 1 percent. ...
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News briefs
Wintersteiger, the Austrian mechanical engineering company, returned to growth last...
Wintersteiger, the Austrian mechanical engineering company, returned to growth last year as its sales jumped by 15.1 percent to €93.4 million, its highest level ever. Wintersteiger's sports division brought in a turnover of €45.4 million, an increase of 4.4 percent compared with 2009. Most encouraging, the company achieved an operating ...
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News briefs
Yue Yuen's net profit increased by only 9.2 percent to...
Yue Yuen's net profit increased by only 9.2 percent to $230 million for the six months ended March 31, although its sales for the period went up by 24.4 percent to $3,302 million, as previously reported. The gross margin declined to 22.9 from 25.5 percent from the same period a ...
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News briefs
Kelme concluded a successful business year in 2010, with a...
Kelme concluded a successful business year in 2010, with a 35 percent increase in sales to €12 million. The company company would like to increase sales by another 30 percent this year to a total of €16 million. In the first quarter of 2011, total sales were about €4 million. ...
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News briefs
Norwegian sporting chains experienced a 3.5 percent decrease in turnover...
Norwegian sporting chains experienced a 3.5 percent decrease in turnover during the first quarter of 2011, according to their industry association, Sportsbransjen. This dip followed a six-year period of solid growth every quarter for the Norwegian sporting goods industry. The likely reason for this was the early onset of winter ...
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News briefs
Andrea Cannelloni, vice president and general manager of Napapijri, told...
Andrea Cannelloni, vice president and general manager of Napapijri, told reporters in Milan earlier this month that the brand's sales should reach a level of about €140 million for this full year. Owned by VF Corporation, Napapijri enjoyed double-digit sales growth last year, but the company predicts that it will ...
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News briefs
The Spanish brand Original Buff recorded an increase in total...
The Spanish brand Original Buff recorded an increase in total sales of 20 percent to €22 million in 2010. Domestic sales accounted for 20 percent of the company's total sales. For 2011, the company expects a 10 percent increase. Regarding its international expansion, the company sees great potential in Asian ...
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News briefs
Plimsoll, a financial consultant in the U.K., estimates that one...
Plimsoll, a financial consultant in the U.K., estimates that one out of five companies in the British sports and leisurewear sectors could change ownership as a consequence of the current economic climate. The consultancy identified 78 companies sitting on a sizeable cash reserve, which is not very productive due to ...
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News briefs
Seven out of 10 sports shops located in French mountain...
Seven out of 10 sports shops located in French mountain resorts booked a drop in sales during the winter season, according to a survey carried out by FPS with 140 points of sale representing about 15 percent of the market. The decline in revenues is estimated at 6 percent, led ...
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News briefs
Lowa Sportschuhe's total sales increased from €107 million in 2009...
Lowa Sportschuhe's total sales increased from €107 million in 2009 to €132 million last year. The figures include those of the company's subsidiaries in the U.S. and Switzerland, and were partly boosted by new distribution contracts in Switzerland. The turnover of the Lowa brand alone jumped from €92 million to ...
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News briefs
Apparently, Adidas Outdoor is on its way to meet the...
Apparently, Adidas Outdoor is on its way to meet the target of €500 million in global sales by 2015. In 2010, the outdoor division of the Three Stripes managed to reach sales of more than €200 million, with significant double-digit growth. In the first quarter of this year, sales were ...
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News briefs
The major sports brands saw their footwear revenues increase by...
The major sports brands saw their footwear revenues increase by 11.6 percent in the U.S. last year, according to the American edition of SGI, reaching a new record of $13.3 billion. The Nike group saw its leading share decline in this segment to 40.29 percent of the national market, down ...
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News briefs
Yonex saw its sales decline by 0.5 percent to 36.69...
Yonex saw its sales decline by 0.5 percent to 36.69 billion yen (€317.0m-$448.8m) for the financial year ended March 31. The operating margin fell to 2.0 percent of sales from 4.5 percent in the prior year. Net income went down by 26.5 percent to ¥718 million (€6.2m-$8.8m).
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News briefs
Black Diamond reports sales of $39.1 million for the first...
Black Diamond reports sales of $39.1 million for the first quarter of this year, up by 18 percent from a year ago on a pro-forma basis, including the sales of Gregory Mountain Products prior to its acquisition. Black Diamond alone scored a 36.3 percent increase to $28.7 million, with gains ...
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News briefs
The retailers affiliated with Intersport and Sport 2000 in Germany...
The retailers affiliated with Intersport and Sport 2000 in Germany had softer sales during the first three months of the year, particularly in March, according to the German Sport + Mode trade publication. At Intersport, sales were down by 14 percent in the quarter, and March alone was down by ...
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News briefs
Orange 21, parent company of Spy Optic, is warning investors...
Orange 21, parent company of Spy Optic, is warning investors that it will need to raise more equity in the current quarter after posting a net loss of $1.3 million in the first one. Sales declined to $6.7 million from $8.3 million a year ago. The drop was only partly ...
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News briefs
Descente enjoyed a 35.7 percent increase in net income to...
Descente enjoyed a 35.7 percent increase in net income to 2.51 billion yen (€21.7m-$30.7m) in the financial year ended March 31. Operating earnings grew by 20.9 percent to ¥3.73 billion (€32.2m-$45.6m), although revenues were basically flat at ¥75.7 billion (€654.1m-$925.9m). The gross margin ratio was 47.3 percent. The Japanese company, ...
