Financial insights for the sporting goods industry – Page 84
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Article
Lafuma is selling Eider
Lafuma has received a binding acquisition offer for its Eider brand from K2, the South Korean technical outdoor company.
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Article
Strong progress for Fila in Europe
Like Puma and Champion, Fila continues to grow faster than much bigger sports brands like Nike, Adidas and Under Armour. The Italian heritage sports brand’s momentum remained particularly strong in Europe during the third quarter of 2019, as Fila Korea’s licensing royalties from the region surged by 59.3 percent to ...
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Article
Golfino files for insolvency
Golfino, the leading German golfwear specialist based in Hamburg, filed for insolvency at the local court of Hamburg earlier this month. The company continues to operate nonetheless. Jens-Sören Schröder, a lawyer with Johlke, Niethammer & Partner in Hamburg, has been appointed as provisional insolvency administrator. The company’s financial problems are ...
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ArticleGood sales momentum for Foot Locker
Foot Locker reported a 5.7 percent increase in comparable store sales for the third quarter ended on Nov. 2, indicating an improvement from the previous quarters as the increase for the first nine months of the year was only 3.8 percent. However, the management predicts that the increase on a ...
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News briefs
The Signa Retail Group signs letter of intent with the Otto Group to take over SportScheck
The Signa Retail Group, which already owns Karstadt Sports and a group of sports-specific e-tailers called Signa Sports United, has signed a letter of intent with the Otto Group to take over its SportScheck chain of sporting goods stores, according to Germany’s Lebensmittelzeitung. The report could not be confirmed, but ...
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Article
Lululemon invests in a smart mirror start-up
Lululemon has joined in a just completed $34 million Series B funding round for a New York-based high-tech fitness start-up, Mirror, which launched a smart full-length LCD mirror in September of last year. The display can be used as an interactive home gym, with live and on-demand fitness classes. Taking ...
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Article
Mizuno posts mixed results
Sluggish sales of sporting goods in Japan weighed on Mizuno’s sales for the first half of its fiscal year through September. They fell by 1.7 percent from the year-ago period to 85.5 billion yen (€708.8m-$784.2m), but they recorded increases in constant currencies in North America, the EMEA region and Australia, ...
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Article
Nautilus tries to recover
Just as in the first half of this year, Nautilus ended the third quarter with a loss, as revenues tumbled by 32.2 percent to $61.7 million, weighed down by the Direct segment. The lower revenues and an unfavorable product mix impacted the gross margin, which dropped by 11.4 percentage points ...
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News briefs
Clarus Corp., the parent company of Black Diamond and other...
Clarus Corp., the parent company of Black Diamond and other brands, had mixed results in the third quarter, with net income dropping by 14.3 percent to $3.5 million on 8.0 percent higher sales of $60.2 million. The gross margin was down by 1.6 percentage points to 34.1 percent, due to ...
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News briefs
In preliminary statements, several public Chinese sports brands have indicated...
In preliminary statements, several public Chinese sports brands have indicated that they had higher sales in the second quarter of this year. Anta Sports Products, the new owner of Amer Sports, said its sales grew at a mid-teen rate in its Anta stores, while the revenues of the other brands ...
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News briefs
Original Buff, the main entity of the Buff group, rounded...
Original Buff, the main entity of the Buff group, rounded off its most recent fiscal year, ended April 30, with sales of €38.4 million, up by 8 percent from 2017. The Barcelona-based group's consolidated sales, subsidiaries included, moved some six million units worldwide and brought in €48.5 million, up by ...
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News briefs
The major Chinese sports brands have issued preliminary figures indicating...
The major Chinese sports brands have issued preliminary figures indicating the market is not slowing down. Anta Sports Products said that sales under its own brand rose at a low-teen rate in the first quarter, while those of other branded products distributed or licensed in China went up by between ...
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Article
Ball sports and fitness performed less well
In terms of local currencies, quarterly sales increased by one percent in Amer’s Ball Sports division, led by Wilson, and by 9 percent in the Fitness division, led by Precor. In reported euros, the Ball Sports segment grew by just 3 percent to €167.7 million in the fourth quarter. It ...
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News briefs
The fitness division of Brunswick Corp., which includes Life Fitness,...
The fitness division of Brunswick Corp., which includes Life Fitness, Cybex, Hammer Strength, Indoor Cycling and SciFit, reported flat sales of $1,038.3 million for the 2018 financial year, just as the group is gearing up to spin it off by the end of the present quarter, or soon thereafter. In ...
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News briefs
Stella International has reported a 6.4 percent increase in the...
Stella International has reported a 6.4 percent increase in the volume of footwear sold by its manufacturing facilities in 2018. They reached a total of 60.2 million pairs, but the revenues generated by the business rose by only 2.7 percent to more than $1.5 billion.
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Short stops
Spanish sporting goods retailers achieved a growth of 5.4% in...
Spanish sporting goods retailers achieved a growth of 5.4% in their sales in 2018 according to an estimate by DBK, a Spanish consultancy
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News briefs
Blaming strong competition from online retailers, Himaraya reported a drop...
Blaming strong competition from online retailers, Himaraya reported a drop of 1.4 percent to 34.6 percent in its gross margin for the first quarter of its financial year, ended on Nov. 30. The Japanese retailer's net loss expanded to 195 million yen (€1.56m-$1.78m) from ¥48 million in the year-ago period. ...
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News briefs
Despite widespread, negative reports of construction delays, cost overruns, forced...
Despite widespread, negative reports of construction delays, cost overruns, forced evictions from the favelas (slums), a Zika epidemic and a suspiciously green pool, the 2016 Summer Olympic Games have proved to be of net economic benefit to the city and metropolitan area of Rio de Janeiro, according to a study by ...
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News briefs
Led by a strong performance by Sierra and the continued...
Led by a strong performance by Sierra and the continued strength of Black Diamond, especially in apparel, Clarus' sales for its full 2018 financial year jumped by 24 percent to around $212 million. This included a growth of around 10 percent for Black Diamond and of about 15 percent – ...
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News briefs
Cherokee Brands, which owns Hi-Tec, posted net income of $63,000...
Cherokee Brands, which owns Hi-Tec, posted net income of $63,000 in the third quarter, turning around from a loss of $2.5 million in the same period of last year. Licensing revenues declined by 25 percent to $5.84 million because of the transition of several brands in Cherokee's portfolio to a ...
